EMX Royalty grows cash flow

EMX Royalty “is at the tipping point” as past mining investments come on-line and start generating cash for the royalty and streamer, said founder and CEO David Cole.

In June Cole spoke to Kitco at the Mining Investment Event of the North in Quebec City.

EMX Royalty (CVE:EMX) is a precious, base and battery metals royalty company. The company has a total of over 4.5 million acres of mineral property assets from the acquisition and evaluation of over 6 million acres over 18 years. The company’s portfolio includes gold, silver, copper, lead, zinc, cobalt and other interests. Assets range from royalty properties to early-stage exploration projects.

Many past investments are coming online and adding new cash flow to EMX. Cole singled out Gediktepe, a mine development project in western Turkey, as significant for the company.

“Our largest cash line royalty will be getting Gediktepe in Turkey, which is operated by [private miner] Lidya Madencilik. We have an astonishing 10% NSR in the upper oxide zone within that deposit. We expect about $12 million per year,” said Cole.

Before founding EMX Cole spent over a decade at Newmont as a geologist.

“I’ve really only had two jobs my whole life. I worked at the pointy end of the stick, doing exploration work for Newmont for 18.5 years. It was a fantastic place to learn about the business. I have a lot of respect for those guys. I left Newmont to found EMX. I am very pleased to have Newmont as a shareholder in EMX.”

EMX is growing.

“I think [EMX] is at a tipping point where we attract hedge funds, large family offices, in addition to the strong retail base we’ve had all along.”

Follow Michael McCrae on Twitter: @michaelmccrae (https://twitter.com/michaelmccrae)
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Kitco’s coverage of the Mining Investment Event of the North was sponsored by EMX Royalty.

0:00 – Talk about the growing cash flow.
2:05 – Discuss how the business will change as cash flow grows.
3:30 – What was significant about the copper results from the Hardshell royalty property?
4:00 – Discuss being metal agnostic.
5:05 – What’s the metal mix?
5:50 – What is the origin story of your company? You worked at Newmont before founding EMX.
6:30 – What projects are you currently developing that excites you the most?
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