EMX Royalty Celebrates a Pioneering Year 2023 and Looks Optimistically Towards 2024

EMX Royalty Corporation has marked the past year as a pivotal milestone in its corporate history. After an amicable resolution of the disputes over the Timok Royalty and a significant increase in its stake in the Caserones mine, EMX presented an impressive balance sheet for 2023. The company, which maintains a diversified portfolio of gold royalties and consistently invests in the development of new projects, also issued a forward-looking forecast for the fiscal year 2024 and introduced gold equivalent ounces (GEOs) as a new metric to provide investors with a more transparent insight into its business model. In the fourth quarter and throughout the entire year 2023, EMX achieved strengthened performance, particularly in the gold royalty sector, which, through the Leeville and Gediktepe, saw customer growth, recording significant increases in revenue, adjusted royalty income, and sold gold equivalent ounces. The successful year was further crowned by an early debt repayment of 10 million USD. In strategic partnership with Zijin Mining and other players, EMX realized strong operational cash flows, thus further consolidating its position in the industry. Looking at the near future: Management expects to sell between 11,000 and 14,000 GEOs in 2024. Royalty income is expected to amount to between 22 and 27.5 million USD. In addition, option and other income of 2 to 3 million USD is projected. These figures were calculated based on fixed commodity prices for gold and copper. Looking ahead to the coming year, EMX is particularly counting on growth momentum from key projects such as Caserones in Chile and Timok in Serbia. With anticipated milestones like the commissioning of the Sisorta facility in Turkey and the commencement of development of the Viscaria copper-gold project in Sweden, EMX is hopeful that existing and new ventures will contribute to strengthening growth and increasing cash flow. The goal is also to strengthen the balance sheet through refinancing plans, thereby securing a sustainable economic base for the company and the opportunity to invest in new royalty and concession areas.