Ecora Resources PLC Announces Santo Domingo Update: Joint Venture Partnership

Executive Summary

• Orion Resource Partners’ fund entities have agreed to purchase a 25% ownership stake in Capstone Copper’s Santo Domingo and Sierra Norte projects for up to $360 million cash.
• Ecora retains its 2.0% Net Smelter Return royalty on the highest‑grade copper portion of Santo Domingo, projected to generate $30–35 million per year over the first seven years at current production plans and spot prices.
• Capstone continues advancing workstreams toward a final investment decision (FID) on Santo Domingo in H2 2026.

Key Details

• Transaction Structure: Cash purchase of 25% equity interest in two projects; total consideration up to $360 million.
• Projects Affected: Santo Domingo Project and Sierra Norte Project (both owned by Capstone Copper Corp.).
• Royalty Impact on Ecova: Holds a 2.0% NSR royalty over selected tenements at Santo Domingo, including the highest‑grade copper zone slated for first mining under the July 2024 Updated Feasibility Study.
• Projected Royalty Income: Expected average annual royalty entitlement of $30–35 million during years 1‑7, based on planned production rates and prevailing spot commodity prices.
• Capstone’s Timeline: Ongoing workstreams aimed at delivering an FID for Santo Domingo in the second half of 2026.
• Reference Materials: Full Capstone announcement (linked) and the Santo Domingo Joint Venture Partnership Presentation are available for review.

Notable Quotes

(No direct quotes were provided in the release.)