NEWS
EMX Royalty Announces Q2 2024 Results; Adjusted Royalty Revenue up 49% YoY
EMX Royalty (NYSE American: EMX)reported strong Q2 2024 results, with adjusted royalty revenue up 49% year-over-year to $7.836 million. Key highlights include:
1. Robust performance from Timok, Gediktepe, and Leeville royalties
2. Adjusted revenue and other incomeincreased 32% to $8.758 million
3. Record quarterly revenue from Timok at $1.586 million
4. Positive adjusted cash flows from operating activities for the fifth consecutive quarter
5. On track to achieve upper end of 2024 guidance for GEOs sold and adjusted royalty revenue
The company maintains a positive outlook, expecting continued growth from key assets like Caserones and Timok. EMX also closed a new $35 million credit agreement with Franco-Nevada , extending debt maturity to July 1, 2029.
1. Robust performance from Timok, Gediktepe, and Leeville royalties
2. Adjusted revenue and other incomeincreased 32% to $8.758 million
3. Record quarterly revenue from Timok at $1.586 million
4. Positive adjusted cash flows from operating activities for the fifth consecutive quarter
5. On track to achieve upper end of 2024 guidance for GEOs sold and adjusted royalty revenue
The company maintains a positive outlook, expecting continued growth from key assets like Caserones and Timok. EMX also closed a new $35 million credit agreement with Franco-Nevada , extending debt maturity to July 1, 2029.
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