Gold company EMR replaced InvoCare (IVC) on the 31st of October; it's no great surprise that we have another gold stock entering the ASX200 as the precious metal flirts with fresh all-time highs, although EMR’s +140% surge in 2023 has it head & shoulders above its peers.
Gold miner EMR has enjoyed a year to remember as its share price has more than doubled, taking the stock into the dizzy heights of the ASX200. The performance of its Okvau gold mine has given it a huge leg up in 2023, it is printing plenty of cash from the first commercial gold operation in Cambodia.
Emerald Resources NL is an Australia-based company, which is a developer and explorer of gold projects. The Company is focused on the development and commissioning of its advanced project, the Okvau Gold Mine in Cambodia. The Company’s projects include Okvau Gold project, Memot Gold project, and Preak Klong Gold project. The Company also hold a range of other projects in Cambodia which are made up of a combination of granted mining licenses (100% owned by the Company) and interests joint venture agreements. Together, Emerald’s interest in its Cambodian Projects covers a combined area of approximately 1,239 square kilometers (km2). The Okvau Gold Mine is located approximately 275 kilometers (km) north-east of Cambodia’s capital city of Phnom Penh in the province of Mondulkiri. The Company has a 5% overriding royalty interest in all gas production from various oil and gas interests located in Magoffin County, Kentucky.
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