This settlement doesn’t have an effect on the 1% gross smelter return royalty from parts of Nevada Gold Mine’s Leeville, Turf and different underground gold mining operations, which is able to proceed to be paid, EMX mentioned.
Amongst EMX’s diversified portfolio of valuable metals, base metals and different royalty pursuits, the Leeville royalty that covers parts of Newmont’s Northern Carlin Pattern underground operations represents a key asset to the corporate. EMX makes use of royalty funds from Leeville, together with different money flows, to assist cowl working bills and supply capital for different alternatives.
Shares in EMX have been up by 4.6% as of 12:10 p.m. ET, giving the Vancouver-based royalty firm a market capitalization of C$331.9 million ($260.3m).