Eurasian Minerals got its start when gold exploration geologist Dave Cole gambled security, a steady income and rolled the dice. He left his eighteen years of work and elevated position at one of the world’s largest gold producers, Newmont Mining. The time seemed right and Mr. Cole raised money and interest by pounding on the doors in North America’s natural resource capital, Vancouver BC, along with teaming with metals and energy venture investor and magnate, Rick Rule. Cole quickly assembled a team of seasoned exploration geologists from Turkey, Czech Republic, Scotland and the US; the majority of them wielding Ph.D.’s and long histories of Big Company experience. The early years were spent prospecting for gold and copper in geographic backwaters, but mineral rich countries such as Romania, Serbia and Kyrgyzstan. As the portfolio of promising exploration properties began to expand, industry insiders began to take notice. Once again the timing was right and the Company publically traded its first shares in early December, 2003.
Eurasian Minerals quickly developed a track record of success in minerals exploration discovery, minerals royalty generation, and strategic investment. The Company’s global property and royalty portfolio is situated in the Western USA, Sweden, Norway, Australia, New Zealand, Haiti, Slovakia and Peru, as well as legacies from the early days in Serbia, Turkey and Kyrgyzstan. Strategic investments in mineral property companies have also been placed with key players operating in Chile and Far Eastern Russia.
Eurasian’s primary focus is on gold and copper. But its diversified approach to business provides a broad spectrum of exposure to multiple opportunities, while mitigating a litany of risks.
The Company enjoys cash flowing royalties emanating from gold production on Nevada’s world famous Carlin Trend. In addition, EMX has a stream of advance royalty payments from organically grown royalty properties that have yet to reach production. Royalty payments, in addition to funds received from partners for periodic property payments, milestone payments and management fees, help to cover operating expenses and provide capital to quickly exploit emerging business opportunities.
At the heart of Eurasian’s business model is Prospect Generation. EMX, as many of the staff call the company, acquires early-stage mineral exploration properties with unrecognized upside, advances the project on a low cost basis, and then seeks partners with the geologic expertise and funding to further advance it to discovery and onto production. This methodology is very similar to the bio-tech model of developing new pharmaceuticals.
The Company’s preferred M.O. is to execute agreements where partners can earn a 100% equity interest with work commitments, milestone payments and advance royalty payments, with EMX retaining a production royalty. Cole is fond of saying: “We sell the risk and keep the reward”.
The natural resource sector has suffered a long, difficult downturn, taking many companies to the edge of the mine shaft where some have fallen in. Eurasian has dug in admirably well and appears well poised to take advantage of what now seems to be a new bull market in metals. With a growing royalty portfolio, ongoing cash flow and a host world class partners such as Newmont Mining and Rio Tinto advancing their assets, their future may indeed glisten like gold.
Eurasian Minerals Inc. trades in Canada under the symbol EMX and in the USA under EMXX.
For more information about Eurasian Minerals, Inc., please visit: www.EurasianMinerals.com
The company paid consideration to SNN or its affiliates for this article.
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