Empress Royalty has a diverse asset portfolio set up for growth potential
July 12, 2023 at 02:11 am IST
Share
(via NewsDirect)
Richard Vigil, global vice president of Empress Royalty Corp, expanded on the company's investment portfolio and criteria with Proactive's Chris Rhodes. Empress focuses on late-stage development and producing companies in the gold and silver sector globally, with preferred investments in companies that are six to 18 months away from production, with ticket sizes for investments that can reach up to $25 million US.
Vigil highlighted two key investments in Empress's portfolio. The first is the Tahuehueto silver mine in Mexico, owned and operated by Luca Mining. The mine has recently reached a capacity of 500 tonnes per day and is expected to reach 1,000 tonnes per day by the end of the year.
Secondly, their investment in the Manica gold mine in Mozambique: an open pit mine that started producing in July of the previous year and has been showing steady growth. Demonstrating production growth since Empress's investment in 2021, he also touched upon a gold mine operated by Sierra Sun Group: Sierra Antapite, Peru.
Looking ahead, Empress has completed technical due diligence on two new investment opportunities and is progressing with legal, commercial, and due diligence. They also have a strong pipeline of earlier stage discussions with potential partners globally. Investors can expect further growth and expansion from Empress Royalty in the second half of the year.
Contact Details
Proactive Canada
+1 604-688-8158
na-editorial@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Empress Royalty Corp. is a royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. The Company is primarily in the business of structuring and creating precious metal royalty and streaming agreements for its own portfolio. The Company is focused on small to mid-tier producing or development stage mining companies. Its investment portfolio includes Sierra Antapite, Tahuehueto, Manicaand others. The Sierra Antapite mine is located in Peru, owned by the private corporation Sierra Sun Group, through its 100% owned Peruvian company Sierra Antapite S.A.C. Mining Unit. The Tahuehueto silver project is located in Mexico, owned and operated by Luca Mining. The Manica is located in the Odzi-Mutare-Manica Greenstone Belt of Mozambique. Its exploration portfolio includes Coldstream, Miner Lake, Greenoaks, Mud Lake, Empress and others. The Pinos project is owned by Candelaria, and is located in high-grade historical gold.