Empress Royalty becomes revenue-generating company
According to the company’s statement, Empress Royalty has a US$10M gold stream agreement on the payable gold production from the Sierra Antapite mine in Peru at 20% of the gold spot price. 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
"Empress Royalty is now a revenue-generating royalty and streaming company", stated CEO Alexandra Woodyer Sherron. "Achieving this milestone only eight months after publicly listing confirms our ability to deliver on our strategy. With a solid portfolio of investments and a strong pipeline, Empress will continue to increase revenue generation with corresponding value creation for our shareholders."
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.