EMX Royalty Corp.
Primary tickers: NYSE:EMX, TSXV:EMX, FRA:6E9
Primary minerals: Copper, Gold, Silver, Lead, Zinc, Nickel, Cobalt, Molybdenum
Project locations: 5 continents
Website: www.emxroyalty.com
EMX Royalty Corporation is a leader in the mining royalty sector, poised for long-term growth through a diverse portfolio, including key assets like Caserones and Timok. The company projects substantial increases in gold equivalent ounces (GEOs) production, reaching approximately 18,750 oz by 2029, driven by strong performance and strategic guidance from these long-life mines.
Strategic Partnerships and Financial Support
In 2023, EMX partnered with Franco-Nevada Corp., securing $5.5 million for joint royalty acquisitions, bolstered by a $35 million credit agreement. This funding enables EMX to expand its royalty portfolio while maintaining financial flexibility.
Long-Term Optionality and Growth Potential
EMX’s portfolio features long-life royalties with significant upside, particularly at Timok and Gediktepe. The company’s proactive royalty generation strategy allows it to acquire high-quality assets while retaining valuable royalty interests, enhancing its growth potential.
EMX presents a compelling investment opportunity. The company generated about $34 million adjusted revenue and other income in 2023, underscoring management’s confidence in future growth.
Conclusion
EMX Royalty Corporation combines a strong asset base, strategic partnerships, and a unique business model, making it well-positioned for significant growth in the evolving royalty landscape. It represents an attractive investment for those seeking exposure to the mining royalty sector.
Cash: USD 15M
Debt: USD 44M
Major shareholders:
Management- 12%
SSR Mining- 11.2%
Stephen Investment Investment- 9.7%
Franco Nevada- 6.1%
Sprott- 5.2%
Financials
Management Profile
David M. Cole, M.Sc. Geology, is the CEO, President and founder.
EMX Royalty is a globally diversified royalty company with over 250 mineral assets on six continents, and a market cap of over US$200 million.
More recently, he served as Board Chairman of IG Copper, an early-stage EMX strategic investment that sold the Malmyzh porphyry copper-gold discovery in Russia for US$200 million, netting US$67 million to EMX
Previous to EMX, he spent 17 year with Newmont Mining, where he held a number of management and senior geologic positions, gaining extensive global experience. Mr. Cole’s contributions include exploration successes at the world class Carlin Trend, Battle Mountain, Yanacocha, and Minahasa mining districts.
What is your rationale for taking part in 121 Mining Investment?
This conference is a vital opportunity to connect with institutional investors and foster new relationships. It allows us to communicate our investment thesis, showcase our progress, and discuss future opportunities, while attracting new capital and building long-term partnerships.
What recent news would you like to highlight to investors attending?
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What are your key goals in 3 months, 6 months, 12 months?
3 Months:
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6 Months:
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12 Months:
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What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
What do you think makes your company such a compelling investment?
What are the top 3 key investor takeaways?
- Established Royalty Portfolio:
- TWO Tier 1 Copper/Gold/Moly Producing Royalties: Multi-decade revenue streams from top-tier assets.
- 149 Royalties in Development: Broad, diversified royalty base positions EMX for long-term growth.
- Growth Catalysts:
- Timok Mine (Serbia): Zijin’s $3.8B expansion expected to significantly enhance production.
- Caserones Mine (Chile): Lundin Mining’s $15M exploration plan to potentially expand EMX’s royalty earnings.
- Investment Value:
- Stock trades at a significant discount to NAV.
- Backed by major industry players like Franco-Nevada and top hedge funds.