Emx Royalty Corporation (US) (TSE:EMX) has released an update.
EMX Royalty Corporation experienced a significant year in 2023, resolving issues with the Timok royalty, increasing their net smelter return royalty, and seeing robust performance from their gold portfolio. The company reported substantial revenue growth with a 46% increase in adjusted revenue and a 119% increase in adjusted royalty revenue, alongside strategic investments and partnerships aimed at expansion and exploration. EMX is poised for continued growth, providing optimistic guidance for 2024 supported by strong operating cash flows and the adoption of Gold Equivalent Ounces as a new financial metric.
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