Silver

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress Royalty" or the "Company") is pleased to announce it has fully funded the US$10M gold stream agreement (the "Stream") by making the final payment of US$2.5M of the gold stream agreement on the Sierra Antapite mine in Peru owned by Sierra Sun Group ("Sierra Sun

"We are excited to fully fund the US$10M gold stream and receive additional revenue from the investment," stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. "With the Nebari credit facility, we were able to quickly deploy the capital to allow Sierra Antapite to stay on track for production expansion and to immediately increase Empress' current revenue by 25%. We are looking forward to a strong year ahead with significant revenue and the increased ability to execute on our additional investment opportunities to build the portfolio."

THE INVESTMENT & STREAM TRANSACTION

As previously announced, the US$10M gold stream agreement on the Sierra Antapite mine was funded in three tranches: US$5M on July 28, 2021, US$2.5M on September 30, 2021, and the final tranche of US$2.5M funded on December 24, 2021. The Stream is on 4.5% of the payable gold production for the first 11,000 gold ounces and 1% thereafter for life of mine at 20% of the gold spot price. The Stream is registered and secured against the mine, plant and concessions. Sierra Sun will use Empress' investment to increase its processing capacity from 750 to 1,000 tonnes-per-day. For further information, please see the Sierra Sun Group LinkedIn page at: https://www.linkedin.com/company/sierrasungroup/.

ABOUT Empress Royalty Corp.

Empress Royalty is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress Royalty to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress Royalty is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.

ON BEHALF OF Empress Royalty Corp.

Per: Alexandra Woodyer Sherron, CEO and President

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at info@empressroyalty.com or by phone at +1.604.331.2080.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements about Empress' expectations regarding the Alliance Agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include Empress Royalty not being successful in or deciding not to pursue opportunities in the royalties business. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information.

SOURCE:Empress Royalty Corp.



View source version on accesswire.com:
https://www.accesswire.com/679452/Empress-Royalty-Fully-Funds-Sierra-Antapite-Gold-Stream-Increases-Revenue

News Provided by ACCESSWIRE via QuoteMedia

EMPR:CA
empress royalty corp

Empress Royalty


Keep reading...Show less
Empress Royalty Reports First Gold Pour at Manica Gold Mine

Empress Royalty Reports First Gold Pour at Manica Gold Mine

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress" or the "Company") is pleased to report the Manica gold mine ("Manica" or the "Mine") has successfully completed its first gold pour. Empress owns a 3.375% gold royalty on the Manica gold mine located in Mozambique and operated by Mutapa Mining & Processing LDA ("MMP

"The first gold pour at Manica is very exciting and a further example of Empress delivering on our strategy as another asset reaches production within 15 months of investment. With this development, Empress will have three cash-flowing investments in the portfolio which are projected to generate significant revenue in the coming years," stated Alexandra Woodyer Sherron, CEO & President of Empress. "We have demonstrated that our structured business model of wealth creation generates significantly higher returns on investment, and these will provide a solid platform whilst we expand the portfolio with more value-focused assets."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Empress Royalty Receives First Silver from Tahuehueto Mine

Empress Royalty Receives First Silver from Tahuehueto Mine

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce the Company has received the first payable silver ounces from the silver stream agreement on the Tahuehueto Mine ("Tahuehueto" or the "Mine"). Tahuehueto Mine is located in Durango, Mexico, 100% owned and operated by Altaley Mining Corporation ("Altaley

"I am excited to announce Empress has received its first payment of silver ounces from the Tahuehueto mine. It's only been 12 months since the Tahuehueto silver stream was completed and this is a major milestone to see a development asset move forward to generate revenue for the Company", stated Alexandra Woodyer Sherron, CEO and President of Empress. "Tahuehueto is an exceptional asset which is expected to generate significant revenue for Empress. It gives Empress direct exposure to silver and combined with our low G&A provides an effective hedge against inflation pressures as seen in other industries. Empress continues to build a strong portfolio of revenue generating gold and silver royalties and streams and Tahuehueto demonstrates our ability to deliver value to our shareholders."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Empress Royalty Announces Pre-Production at Manica Gold Mine

Empress Royalty Announces Pre-Production at Manica Gold Mine

Empress Royalty Corp. (TSXV:EMPR)( OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce that pre-production has commenced at the Manica Gold Mine ("Manica" or the "Mine"). The Company owns a 3.375% royalty on Manica, which is located in Mozambique and operated by Mutapa Mining & Processing LDA ("MMP

"Congratulations to the team at MMP for their hard work and dedication in taking Manica from a development stage project into a producing mine," stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. "The Manica Gold Mine is our second development asset reaching pre-production and demonstrates our team's ability to make strategic investments that create significant returns and value for our shareholders."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Empress Royalty's Tahuehueto Silver Stream Initiates Pre-Production

Empress Royalty's Tahuehueto Silver Stream Initiates Pre-Production

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress" or the "Company") is pleased to report that Altaley Mining Corp. ("Altaley") has announced that pre-production has commenced at the Tahuehueto mine ("Tahuehueto" or the "Mine") where Empress holds a 100% silver stream. Altaley is the owner and operator of the mine and recently filed an updated technical report, including a Preliminary Feasibility Study ("PFS") for Tahuehueto. The PFS indicates an increase in the overall economics of the project

"We would like to congratulate the Altaley team for bringing Tahuehueto into pre-production", stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. "It is extremely rewarding to see our initial investment moving forward from a development stage asset into a producing mine and we look forward to start receiving revenue from this mine in Q2 2022. The Tahuehueto silver stream is an example of the type of well-structured investments Empress intends to bring into the portfolio, to generate great returns for our shareholders."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Empress Royalty Strengthens Management and Appoints New Chief Financial Officer

Empress Royalty Strengthens Management and Appoints New Chief Financial Officer

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce the appointment of Janet Meiklejohn as Chief Financial Officer of the Company

"It gives me great pleasure to welcome Janet to the Empress team as Chief Financial Officer," stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. "Her appointment is an excellent addition to the executive team, which will further drive the execution of Empress' business strategy and rapid growth plans. I look forward to working closely with her and the rest of our team as we take Empress to the next level."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
us money with stock chart

Top Stories This Week: Gold Price Bounces Back, Experts Talk Recession Question

Weekly August 5youtu.be

After dipping briefly below the US$1,700 per ounce mark in mid-July, gold is bouncing back.

The yellow metal has made a big move since last week's US Federal Reserve meeting, nearly making it to US$1,800. It was back down around US$1,775 at the time of this writing on Friday (August 5) afternoon.

The Fed hiked interest rates last week by 75 basis points, as was widely expected by market participants. Major indexes have been on the rise, which Lobo Tiggre of IndependentSpeculator.com told me is unsurprising.

Keep reading...Show less
hand holding gold bar

VIDEO — Rick Rule: Glad to See Gold on Sale, "Solidly Bullish" on Uranium

Rick Rule Symposium 2022youtu.be

Gold has seen ups and downs this summer, but is solidly below its Q1 peak of over US$2,000 per ounce.

Speaking to the Investing News Network at the Rule Symposium in Florida, Rick Rule, the host of the event and proprietor at Rule Investment Media, said he sees the lack of interest in the yellow metal as positive.

"The fact that people are disinterested in gold, and disinterested in resources, I think is a wonderful thing because they're on sale," he explained, reminding listeners that he favors a contrarian approach to the markets.

Keep reading...Show less
front entrance to the Boca Raton resort

Rule Symposium 2022: Fed Can’t Fight Inflation and Recession at Same Time

The last week of July saw market experts, investors and company executives descend on Boca Raton, Florida, for the Rule Symposium, hosted by veteran investor and speculator Rick Rule.

The four day event, which ran from July 26 to 29, featured numerous panels, presentations and discussions about the current commodities cycle and what is driving the equity markets.

There was also rigorous discourse regarding the mode, drivers and factors causing inflation, as well as how central banks like the US Federal Reserve are responding with interest rate increases.

Keep reading...Show less
jim cramer

Is Gold a Buy? Jim Cramer Says Timing Looks "Perfect"

As volatility reigns supreme across equity markets, many analysts are saying that gold’s fall below US$1,800 per ounce means it’s a good time to buy before the price goes up.

Gold's dip under that threshold began at the beginning of July, and is the first time the yellow metal has slipped below and held at that level since late 2021. The decline comes after gold breached US$2,000 in early March.

Many market participants remain resolute that it’s only a matter of time before gold regains its lost momentum, and that sentiment was echoed on Wednesday (August 3) by well-known TV personality Jim Cramer during the "Off the Charts" segment of his “Mad Money” investing show on CNBC.

Keep reading...Show less
map of australia with gold nugget

Types of Gold Deposits in Australia

As the second largest gold-producing country in the world, Australia also boasts the largest gold mine reserves. In order to make more strategic decisions, investors will stand to benefit from understanding Australia's distinctive geography, specifically the types of gold deposits found in the country.

Australia has a rich history in mining. One of the biggest gold rushes took place in New South Wales, Australia in 1851, which later extended to the province of Victoria. Today, Victoria and its successful gold mines stand as some of the highest-yielding and high-grade resources. Victoria’s 13 goldfields have each produced over one million ounces of gold, most of which were from the world-class Fosterville deposit, Ballarat, Costerfield and Stawell.

Keep reading...Show less
Aben Resources

Aben Resources Closes Private Placement

Aben Resources Ltd.(TSX-V: ABN)(OTCQB: ABNAF) (Frankfurt: E2L2) ("Aben" or "the Company") is pleased to announce it has closed a non-brokered private placement financing for total gross proceeds of CAD $211,500 (the "Placement").

The Company has allotted and issued 6,042,857 units (the "Units") at a price of CAD $0.035 per Unit. Each Unit is comprised of one common share and one transferable warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional common share for a period of two (2) years at a price of CAD $0.05 per share.

Keep reading...Show less

Latest Press Releases

Related News

×