Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Eurasia Mining ( (GB:EUA) ) has shared an update.
Eurasia Mining has agreed terms for the sale of its West Kytlim alluvial platinum group metals and gold operations, valuing the asset at about US$251 million but yielding only around US$9 million in cash after Russia’s current tax regime and other local regulations. The board argues that divesting this historically loss-making, non-core mine—exposed to heightened nationalisation and tax risks and representing just 0.3% of group reserves—will free non-dilutive capital and management focus for its Arctic portfolio, which holds 99.7% of its reserves, including the Tier 1 NKT nickel-copper deposit and the Monchetundra project. The transaction, which requires shareholder approval at a 15 January 2026 general meeting, is framed as a portfolio-optimisation move expected to reinforce Eurasia’s strategic pivot toward its larger, higher-value Arctic assets, which enjoy preferential tax treatment and state-backed investment support.
The most recent analyst rating on (GB:EUA) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Eurasia Mining stock, see the GB:EUA Stock Forecast page.
Spark’s Take on GB:EUA Stock
According to Spark, TipRanks’ AI Analyst, GB:EUA is a Neutral.
Eurasia Mining’s overall stock score is primarily influenced by its financial performance challenges, with profitability and cash flow inconsistencies being significant concerns. However, positive corporate events and a stable technical position provide some optimism. The valuation remains weak due to negative profitability metrics.
To see Spark’s full report on GB:EUA stock, click here.
More about Eurasia Mining
Eurasia Mining plc is a London-listed precious metals producer focused on platinum group metals and gold, with assets in Russia’s Urals and, increasingly, in a high-value Arctic mining cluster on the Kola Peninsula. Its portfolio includes the Tier 1 NKT nickel-copper deposit and the Monchetundra project, and the company benefits from a legally binding agreement with the state-owned Far East and Arctic Development Corporation that provides investment support and tax advantages for its Arctic operations.
Average Trading Volume: 10,553,146
Technical Sentiment Signal: Buy
Current Market Cap: £137.2M
Learn more about EUA stock on TipRanks’ Stock Analysis page.