EMX - EMX Royalty: A Better Quarter But Balya Appears Behind Schedule

• EMX Royalty released its Q3 results earlier this month, reporting a sharp increase in royalty revenue, with additional contribution from its interest in the Caserones Copper Mine.
• Unfortunately, this was overshadowed by news that Balya appears to be slightly behind the previously estimated schedule, and an impairment charge was taken on Rawhide.
• While this has led to some short-term turbulence, the exciting long-term growth outlook remains intact, with three mines set to begin contributing by H2 2022, further diversifying EMX.
• Given EMX's industry-leading growth profile, I see EMX Royalty as a name to keep a close eye on.

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