Eurasia Mining Plc (EUA.L) Share Price & News

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.