This settlement does not affect the 1% gross smelter return royalty from portions of Nevada Gold Mine’s Leeville, Turf and other underground gold mining operations, which will continue to be paid, EMX said.
Among EMX’s diversified portfolio of precious metals, base metals and other royalty interests, the Leeville royalty that covers portions of Newmont’s Northern Carlin Trend underground operations represents a key asset to the company. EMX utilizes royalty payments from Leeville, along with other cash flows, to help cover operating expenses and provide capital for other opportunities.
Shares in EMX were up by 4.6% as of 12:10 p.m. ET, giving the Vancouver-based royalty company a market capitalization of C$331.9 million ($260.3m).
