EMX Royalty Corp.: EMX Royalty Provides an Update for Timok Royalty Property and Files a Technical Report on SEDAR
EMX Royalty Corporation
(NYSE American: EMX) (TSXV: EMX)
(the "Company" or "EMX") is pleased to provide an update on the Timok Project in Serbia, controlled and being developed by Zijin Mining Group Co., Ltd ("Zijin"). EMX holds an uncapped 0.5% net smelter return ("NSR") royalty on Timok's Brestovac license, which covers the Cukaru Peki copper-gold development project.
According to Zijin's latest public disclosures on the "Timok Copper and Gold Mine", commercial production is expected to commence in the second quarter of 2021
1. This is consistent with previous Zijin disclosures, and the project appears to be advancing on schedule.