Eurasia Mining Plc
EUA:LN
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Overview
Company Profile
Eurasia Mining Plc is a profitable company, the world’s largest alluvial PGM (palladium, platinum, iridium and rhodium) and gold producer with its cash costs on the very bottom of the global cost curve. Eurasia has been in production since 2016 on its alluvial PGM and gold deposit, running 2 open pit mines there. On its second bedrock palladium deposit close to the borders of Finland and Norway, Eurasia has now received a final production permit. Land works are already underway at the project which is fully funded via an EPCF contract with Sinosteel, one of the largest state companies in China. According to recent research by Optiva Securities, once this second project is in production, Eurasia’s EBITDA will reach $75m under conservative palladium price assumptions. The current market cap is below $20m.
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Financials
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Corporate
Board of Directors
Christian Schaffalitzky
Executive Chairman and Managing Director
EurGeol, FIMMM, Pgeo, CEng. 40 years experience in mineral exploration. Founder of CSA international. Numerous discovery credits including Lisheen zinc deposit in Ireland. Also chairman at Kibo Mining Plc.
Dmitry Suschov
Non-Executive Director
Gary Fitzgerald
Non-Executive Director
30 years experience in investment management, prior director of Framlington Investment Management.
James Nieuwenhuys
Non-executive director
James has held senior positions including Chief Operating Officer at Polyus Gold, Russias largest gold miner, and is currently Chief Executive Officer at South African Lesego Platinum Mining Limited. James has an engineering background and has also held senior positions at a number of EPC organisations.
Alexi Churakov
Strategic advisor to the board
Mr. Churakov is a former Goldman Sachs and Morgan Stanley senior investment banker specialized in the mining sector. He has a background in cross-border M&A transactions operating from Moscow, London and New York. Alexei brings his extensive experience in mining M&A as well as maintaining a hands on approach at operational level.
Alexander Sushchev
Strategic advisor to the board
Alexander is a metallurgist by background and a former Chief Executive Officer of SMCM (molybdenum and rhenium metals producer) as well as a former manager at Norilsk Nickel.