Aug. 4 at 5:14 PM
$EMX EMX Royalty has been actively engaged in share buyback programs to enhance shareholder value and increase liquidity.
Here's a breakdown of their recent buyback activities
Completed Normal Course Issuer Bid (NCIB): EMX completed an NCIB program, announced on February 7, 2024, repurchasing and cancelling the maximum allowed 5 million common shares.
Total Investment and Price: This buyback involved an investment of approximately US
$8.3 million at an average price of US
$1.65 per share.
Impact on Shares Outstanding: The repurchased shares represented approximately 4.45% of the issued and outstanding shares before the program began.
New NCIB Commenced: Following the completion of the prior program, EMX launched a new NCIB, running from April 1, 2025 to March 31, 2026.
New Program Details: This new program allows EMX to repurchase and cancel up to 5,440,027 shares, representing 5% of their currently outstanding shares.
