EMX Royalty Partner, Zijin Mining, Provides an Update on Expanded Copper and Gold Production in Serbia

Core Viewpoint - EMX Royalty Corporation's royalty partner, Zijin Mining, reported significant increases in copper and gold production at the Timok project in Serbia during the first half of 2024, indicating strong operational performance and growth potential for EMX's royalty interests [3][4]. Production Update - Zijin Mining produced 90,008 tonnes of copper and 2,894 kilograms of gold from the Cukaru Peki Mine in H1 2024 [3]. - EMX reported record Q2 royalty revenues of $1,586,000, reflecting the increased production levels [3]. Capacity Expansion - The combined capacity of Zijin's Serbia operations is now 450,000 tonnes of copper annually, a significant increase from previous years [3]. - Zijin is expanding the processing plant's throughput at Cukaru Peki from 12,000 tonnes per day to 15,000 tonnes per day to enhance production efficiency [4]. Development Projects - Zijin is developing the Lower Zone porphyry copper-gold deposit at Cukaru Peki through block caving, which is expected to be a major project in the global mining landscape [4]. - The MG Zone in the southern part of the Cukaru Peki Mine shows high-grade copper-gold exploration potential, although the success of these exploration efforts remains uncertain [5]. Royalty Structure - EMX holds a 0.3625% NSR royalty over Zijin's Brestovac exploration permit area and a 2% NSR royalty on precious metals and a 1% NSR royalty on base metals on the Brestovac West License [6]. - All of EMX's Timok royalties are uncapped and cannot be repurchased or reduced, ensuring ongoing revenue from Zijin's production [6].