EMX Royalty (TSXV: EMX; NYSE-AM: EMX) has changed from prospect generator to cash generator, reporting a record US$37 million in revenue last year, CEO David Cole says.
This growth is fuelled by strategic investments and partnerships, including the acquisition of a 0.83% royalty on the Caserones copper-molybdenum mine in Chile and a joint venture with Franco-Nevada (TSX: FNV; NYSE: FNV).
“We’ve been building this portfolio for 20 years, and it’s now a cash cow,” Cole said last month during the Rule Symposium in Boca Raton, Fla. “We’re delighted to be in the position today where we have strong positive cash flow.”
Cole also highlighted Zijin Mining’s Timok copper-gold project in Serbia, which has provided US$9.9 million in revenue as of mid-July, saying it “has potential for hundreds of millions more.”
Watch the full interview below with The Northern Miner’s western editor, Henry Lazenby.
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