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Last C$0.60 CAD
Change Today -0.03 / -4.76%
Volume 10.0K
As of 3:58 PM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

eurasian minerals inc (EMX) Snapshot

Open
C$0.60
Previous Close
C$0.63
Day High
C$0.60
Day Low
C$0.60
52 Week High
11/25/14 - C$0.98
52 Week Low
04/21/15 - C$0.55
Market Cap
44.1M
Average Volume 10 Days
9.3K
EPS TTM
C$-0.23
Shares Outstanding
73.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for EURASIAN MINERALS INC (EMX)

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eurasian minerals inc (EMX) Details

Eurasian Minerals Inc. engages in the acquisition, exploration, and evaluation of minerals properties. It explores for gold, silver, porphyry, copper, molybdenum, lead, zinc, volcanogenic massive sulfide, iron-oxide, and platinum group element deposits. Its principal asset is the Leeville royalty property located in Nevada. The company also holds properties in Turkey, North America, Australia and New Zealand, Europe, Sweden, Norway, Haiti, and the Asia-Pacific region. Eurasian Minerals Inc. is headquartered in Vancouver, Canada.

43 Employees
Last Reported Date: 03/31/15

eurasian minerals inc (EMX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$464.0K
Chief Financial Officer
Total Annual Compensation: C$86.5K
Consultant and Member of Advisory Board
Total Annual Compensation: C$232.0K
Compensation as of Fiscal Year 2014.

eurasian minerals inc (EMX) Key Developments

Eurasian Minerals Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015

Eurasian Minerals Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported net royalty income of CAD 2,222 against CAD 234,525 a year ago. Loss from operations was CAD 2,262,175 against CAD 1,986,774 a year ago. Loss before income taxes was CAD 2,943,505 against CAD 2,193,568 a year ago. Loss for the year was CAD 2,660,015 or CAD 0.04 per basic and diluted share against CAD 2,167,525 or CAD 0.03 per basic and diluted share a year ago. Total cash used in operating activities was CAD 2,052,861 against CAD 1,363,244 a year ago. Acquisition of exploration and evaluation assets, net option payments received was CAD 130,589. Purchase of property and equipment, net was CAD 12,973.

Eurasian Minerals Inc. Announces Unaudited Consolidated Financial Results for the Year Ended December 31, 2014

Eurasian Minerals Inc. announced unaudited consolidated financial results for the year ended December 31, 2014. For the year, the company reported net royalty income of CAD 2,247,334 against CAD 3,102,888 a year ago. Loss from operations was CAD 8,681,619 against CAD 7,680,848 a year ago. Loss before income taxes was CAD 20,804,512 against CAD 16,375,557 a year ago. Loss for the year was CAD 17,448,041 or CAD 0.24 per diluted share against CAD 13,982,612 or CAD 0.19 per diluted share a year ago. Total cash used in operating activities was CAD 4,781,944 against CAD 5,785,887 a year ago.

Eurasian Minerals Inc. Reports Year-End Exploration Results from the Akarca Project, Northwest Turkey

Eurasian Minerals Inc. announced year-end exploration results from the Akarca gold-silver project. The work was conducted by Colakoglu Ticari Yatirim A.S. (Colakoglu), a privately owned Turkish company that signed an option agreement in June 2013 to acquire the Akarca property for a combination of cash payments, gold bullion, work commitments, and a retained royalty interest to EMX's benefit. Colakoglu's 2014 exploration programs expanded and further defined known zones of epithermal style gold and silver mineralization across the district-scale Akarca project, and also identified new targets for follow-up exploration. Recent drill results include an oxide drill intercept of 58.5 meters averaging 2.00 g/t gold and 15.3 g/t silver, with a higher grade sub-interval of 2.6 meters averaging 35.31 g/t gold and 226.6 g/t silver. In addition to drilling, Colakoglu conducted over seven kilometers of trench mapping and sampling. Drill results: Colakoglu recently reported exploration results to EMX that included 63 diamond drill holes totaling approximately 5,870 meters of drilling conducted from mid-June through December 2014. This drilling was focused on the near-surface, oxide gold-silver mineralized zones at Kucukhugla, Fula, Hugla, Percem and Sarikaya Tepe. Drilling was conducted at a nominal 25 to 50 meter spacing along strike of a given zone, as well as reconnaissance step-outs at varying distances. Drill intercept highlights are summarized below. Kucukhugla Tepe is a 600 meter long, northwest trending zone of parallel vein systems that locally host higher grade mineralization. Recent drilling continued to intersect high grade zones within broader intercepts of gold-silver mineralization, with sub-intervals from AKC- 131 of 2.6 meters (39.0-41.6 m) averaging 35.31 g/t Au and 226.6 g/t Ag, and from AKC-132 with 0.9 meters (27.3-28.2 m) averaging 111.50 g/t Au and 906.0 g/t Ag. The zone remains open along strike; Fula Tepe is a broad corridor of veining and silicification with a strike length of 800 meters and width of over 300 meters. This year's program has systematically drill delineated the gold-silver mineralization in the main zones at Fula Tepe and identified new, sub-parallel mineralized zones with reconnaissance step-out drilling. The system remains open along strike to the northeast and southwest; The Hugla Tepe prospect is a 650 meter long zone of oxide gold-silver mineralization, quartz veining and IP-resistivity anomalies. The zone is oriented along a northeast strike direction that is parallel to and approximately 400 meters southeast of Fula Tepe. The final holes of Colakoglu's 2014 drilling campaign followed-up on a splay that broadens Hugla Tepe towards the southwest, and include an intercept of 17.4 meters (35.6 m to 53.0 m) averaging 3.71 g/t Au and 6.8 g/t in AKC-193; a target halfway between Hugla and Fula Tepe was drilled as a northeast aligned fence of holes at approximately 100 meter spacings. This drilling was designed to follow-up IP-resistivity anomalies, trench results, and earlier reconnaissance holes. The drilling intersected gold-silver mineralization along a 550 meter northeast trend, and defines a newly recognized zone of concealed mineralization lying between the Hugla and Fula Tepe prospects; Sarikaya Tepe is the furthest west of the known zones of mineralization on the property, and forms a distinctive north-south trending topographic high held up by multiple vein sets and silicified wall rocks. Colakoglu's recent drilling expanded the zone 75 meters to the east with a step-out hole. Sarikaya is notable for hosting higher-grade mineralization, including an oxide intercept reported earlier from AKC- 70 of 36.4 meters (0-36.4 m) averaging 5.67 g/t Au and 53.31 g/t Ag, with a sub-interval of 2.15 meters averaging 89.34 g/t Au and 835.16 Ag g/t (true width interpreted as 60-75% of reported interval length); Recent drilling at the Percem Tepe prospect on the east side of the property extended the mineralized zone to the east and west of the previous drilling. In addition, 2014 reconnaissance drilling identified a new target 200 meters to the north of the previous drilled area beneath a subcrop of silicified boulders. The mineralization is hosted in two bodies of silicified/replacement brecciate and veined material that appear to be gently dipping to the northeast. This style of mineralization is a distinctive feature of Percem Tepe, in which extensive zones of mineralized breccias and replacement bodies have been encountered. In addition to the zones above, Arap Tepe remains an important target that was a focus of earlier drill programs. Arap Tepe hosts near-surface oxide gold-silver mineralization developed in a series of east-west zones of mineralization. Only one of these zones has been systematically drilled (Zone A), with the other zones resenting upside exploration opportunities. As exploration continues, it is clear that the continuity of the near-surface oxide zones of structurally focused vein and disseminated styles of mineralization are being successfully defined at a 25 to 50 meter drill spacing. Furthermore, ongoing reconnaissance and step-out drilling are demonstrating ample potential for new discoveries on the property. Follow-up work will continue on these newly recognized areas of mineralization. Other 2014 Work. Colakoglu also completed approximately seven kilometers of trenching, mapping, and sampling during 2014. Trenching and mapping are important exploration tools at Akarca for identifying new areas with exploration potential. Ongoing programs underway by Colakoglu include metallurgical and environmental assessment studies. Akarca Property Overview. The Akarca project consists of six drill defined zones of epithermal gold-silver mineralization, with several additional mineralized zones identified within a district-scale area. EMX's grassroots discovery and subsequent exploration successes at Akarca have led to in-the-ground investments of over $12 million by partner companies. Since its discovery, 244 core and reverse circulation holes totaling about 26,400 meters have been drilled at the Akarca project.

 

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