Group 1: Company Performance - EMX Royalty Corp. has returned 9.8% year-to-date, outperforming the Basic Materials sector's average return of 8% [4] - The Zacks Consensus Estimate for EMX's full-year earnings has increased by 33.3% over the past three months, indicating improved analyst sentiment and a more positive earnings outlook [3] - EMX Royalty Corp. currently holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for future performance [3] Group 2: Industry Context - EMX Royalty Corp. is part of the Mining - Miscellaneous industry, which includes 59 stocks and currently ranks 183 in the Zacks Industry Rank [6] - The average return for stocks in the Mining - Miscellaneous industry this year is 7.3%, indicating that EMX is performing better than its peers in this specific industry [6] - Another stock in the Basic Materials sector, Silvercorp, has significantly outperformed the sector with a year-to-date return of 38.3% [4][5]

Core Insights - EMX Royalty Corporation reported a transformational year in 2024, achieving record-high adjusted royalty revenue and strengthening its financial position through disciplined capital management and share buybacks [2][5][6] Financial Performance - For the year ended December 31, 2024, EMX generated revenue and other income of $27.4 million, adjusted revenue and other income of $36.7 million, adjusted royalty revenue of $33.1 million, and adjusted EBITDA of $19.2 million [1][6][39] - Adjusted revenue and other income increased by 14% compared to the previous year, while adjusted royalty revenue rose by 28% [6][22] - The company ended the year with cash and cash equivalents of $26.8 million and a working capital surplus of $41.5 million, indicating strong liquidity [6][22] Operational Highlights - The company sold a total of 13,897 GEOs in 2024, with adjusted royalty revenue of $33.1 million, up from 15,782 GEOs and $30.7 million in 2023 [22][44] - Key producing royalties such as Gediktepe, Caserones, Timok, and Leeville performed well, contributing to the strong financial results [9][10] Strategic Developments - EMX expanded its royalty at Caserones and acquired a 2% NSR royalty on the Chapi Copper Mine in Peru for $10 million, expected to contribute revenue in 2026 [10][17] - The company anticipates a reduction in cash operating expenditures of over $3 million in 2025 [2][19] 2025 Guidance - For 2025, EMX projects GEO sales between 10,000 to 12,000 and adjusted royalty revenue between $26 million to $32 million [9][10] - The guidance reflects a decrease in expected GEOs compared to 2024, primarily due to heavy exposure to copper-based assets [10][12] Market Outlook - The company is well-positioned for growth, with ongoing exploration programs at Caserones and Timok expected to enhance mineral resources and reserves [15][20] - EMX plans to continue evaluating new royalty and investment opportunities while maintaining a focus on disciplined capital management [20][19]

Core Insights - EMX Royalty Corp. has evolved from a prospect generator to a more established entity in the precious metals sector since its inception in 2005 [1] - The company has seen significant growth, with many previously smaller market cap companies now exceeding $100 million, indicating a shift in the market landscape [1] Company Overview - EMX Royalty Corp. was originally known as Eurasian Minerals and has maintained a global perspective in its operations [1] - The company focuses on precious metals, particularly gold, and has been part of the market since 2003 [1] Market Context - The real estate market in Michigan is highlighted as a favorable investment environment, with properties selling for less than the cost to build, despite a booming economy [1] - The preference for investing in nano-cap junior gold explorers is noted, with a specific interest in companies with market caps under $20 million, although the focus has shifted to larger companies for publication purposes [1]

Core Points - EMX Royalty Corporation announces the resignation of board member Chris Wright following his confirmation as U.S. Secretary of Energy [1] - Chris Wright was confirmed in a bipartisan vote in the U.S. Senate on February 3, 2025, and will now serve in the U.S. Cabinet [1] - Wright is recognized for his contributions to the energy sector and humanitarian efforts, including co-founding the Bettering Human Lives Foundation [1] - EMX expresses gratitude for Wright's contributions and looks forward to his role in shaping U.S. energy policy [1] Company Overview - EMX is a precious and base metals royalty company that provides investors with discovery, development, and commodity price optionality while limiting exposure to operational risks [2] - The company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX" [2]

Core Points - EMX Royalty Corporation has acquired an additional 1% Net Smelter Returns (NSR) royalty interest on the Chapi Copper Mine Property for US$7,000,000, bringing the total NSR royalty to 2% for a total consideration of US$10,000,000 [1][2] - The Royalty Agreement includes a 2% NSR royalty on minerals produced from the approximately 26,000 hectare property owned by Minera Pampa de Cobre S.A.C. (MPC), as well as from minerals processed at the Chapi Mine facilities [2] - The Agreement also encompasses a two-kilometer area of interest around the Property Royalty area, ensuring that any property acquired by MPC within this area will also be subject to a 2% NSR royalty [2] Company Overview - EMX is a precious and base metals royalty company that provides investors with discovery, development, and commodity price optionality while limiting exposure to risks associated with operating companies [4]

Company Overview - EMX Royalty (NYSE: EMX) (TSXV: EMX:CA) continues to be undervalued, with its share price remaining flat since the last article [2] - The company's flagship project is not detailed in the provided content, but it is implied to be a significant driver of value [2] Market Perception - EMX Royalty appears to be neglected by the market, as indicated by the stagnant share price [2] Investment Philosophy - The analyst adopts an owner-mindset, focusing on low-risk, high-uncertainty bets and ignoring macro-environment noise [2] - The analyst is influenced by Austrian economic thinking, particularly the works of Henry Hazlitt, Friedrich Hayek, and Ludwig Von Mises [2] Analyst's Position - The analyst has no stock, option, or derivative positions in EMX Royalty and no plans to initiate any within the next 72 hours [3] - The article expresses the analyst's own opinions and is not influenced by any business relationships with the mentioned companies [3]

Core Insights - EMX Royalty Corporation ended the year with approximately $27 million in cash and cash equivalents and $35 million in long-term debt maturing in July 2029 [1] Group 1: Financial Transactions - The company sold all its common and preferred share holdings in Ensero Holdings Inc for approximately $5.6 million, having initially invested about $3.8 million in 2020 and earned approximately $1.0 million in dividends since then [2] - EMX received an early property payment of $2.9 million from Aftermath Silver Ltd for the Berenguela Royalty Property in Peru, with a final payment of $3.25 million due in November 2026 [3] - The company completed a royalty buy-down at the Park Salyer Property in Arizona, receiving $500,000 from Arizona Sonoran Copper Company Inc, reducing its NSR royalty from 1.5% to 0.5% [4] Group 2: Company Overview - EMX is a precious and base metals royalty company, providing investors with discovery, development, and commodity price optionality while limiting exposure to risks inherent to operating companies [5]

Core Points - EMX Royalty Corporation has completed its Normal Course Issuer Bid (NCIB) program, allowing the purchase of up to 5 million common shares [1] - The company purchased the full 5 million shares at an average price of US$1.65 per share, totaling approximately US$8.3 million [1] - A significant portion of the shares, 1,375,600, was acquired in a block trade from an undisclosed seller at a price of approximately US$1.64 per share [1] Company Overview - EMX is a precious and base metals royalty company, providing investors with discovery, development, and commodity price optionality while limiting exposure to operational risks [2] - The company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX" [2]

Core Points - Aftermath Silver Ltd. has made an early property payment of US$2.9 million to EMX Royalty Corp for the Berenguela silver-copper-manganese project in Peru, five months ahead of the due date [3][4] - The company has an option to acquire a 100% interest in the Berenguela project through agreements with SSR Mining Inc. and EMX Royalty Corporation [2] - The payment obligations to EMX, originally totaling US$13 million, have been amended, with remaining payments outlined [4][6] Company Overview - Aftermath Silver is a Canadian junior exploration company focused on silver, aiming to deliver shareholder value through the discovery, acquisition, and development of quality silver projects in stable jurisdictions [7] - The company has developed a pipeline of projects at various stages of advancement, selected based on growth and development potential [7] EMX Royalty Corp Overview - EMX is a precious and base metals royalty company that provides investors with discovery, development, and commodity price optionality while limiting exposure to operational risks [6] - EMX's interest in the Berenguela project stems from its acquisition of a portfolio of royalty interests and payments from SSR Mining [4]

Core Viewpoint - EMX Royalty Corporation has acquired a 0.625% NSR royalty interest in the Urasar gold-copper project in Armenia, which is owned by Hayasa Metals Inc, marking a significant investment opportunity in the region [1][6]. Group 1: Transaction Details - EMX and Franco-Nevada Corporation will jointly pay Hayasa a total of US$1 million, with EMX contributing US$450,000 and Franco contributing US$550,000 as per their Joint Acquisition Agreement [2]. - The transaction includes a right of first refusal for EMX and Franco regarding any future royalty or similar interests on the Urasar project [2]. Group 2: Project Overview - The Urasar project was acquired by Hayasa in 2023 through an exploration license from the Armenian government, following an assessment of the Tethyan Metallogenic Belt [3]. - The project is located along a regional structural zone with historical copper production and has seen exploration by both French and Soviet entities in the past [4]. - Urasar's mineralization is similar to that of the Sokt gold deposit, the largest developed gold deposit in Armenia, indicating potential for significant discoveries [4][6]. Group 3: Industry Context - Armenia has been attracting exploration and development efforts from western companies, with a favorable mining code and over ten active metal mines contributing significantly to its GDP [5]. - The acquisition of the Urasar royalty represents the first co-investment between EMX and Franco under their Joint Acquisition Agreement, highlighting a strategic partnership in the region [6].