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Empress Royalty

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Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments.

Investor website: https://empressroyalty.com/

About

Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. The company focuses on creating and acquiring gold and silver royalties and streams, leveraging a disciplined mining finance team to generate recurring revenue from producing mines. Empress applies a financially disciplined approach to investing in cost-effective operations with strong experienced management teams and excellent upside potential.

Verified company data

Cash position
US$0M
Shares outstanding
0
Fully diluted shares
0
Mineral resource
2025 mineral resource estimate of 51.9 Mt grading 0.20% Cu. A district-scale package near Highland Valley Copper, New Afton and Copper Mountain.
Projects
["Dillard\nCu · Au · Ag\nBritish Columbia, Canada\nMRE / ExplorationKodiak Copper2.0% NSR\n2025 mineral resource estimate of 51.9 Mt grading 0.20% Cu. A district-scale package near Highland Valley Copper, New Afton and Copper Mountain.","Los Venados\nGold\nSonora, Mexico\nOperating District / ExplorationAlamos Gold2.0% NSR\nWithin Alamos Gold's Mulatos district, ~1–2 km from the Mulatos Mine and Puerto Del Aire. Acquired outright by Alamos in 2025.","Prospect Valley\nGold\nBritish Columbia, Canada\nExplorationWesthaven Gold2.0% NSR\nOn the Spences Bridge Gold Belt, on trend from Westhaven's Shovelnose discovery. Backed by Dundee's earn-in of up to C$85M.","Willow\nCu · Au\nNevada, USA\nExplorationAbacus Mining2.0% NSR\nYerington district, adjacent to Hudbay's Mason Deposit. Minimum drilling through 2026 — leverage to U.S. copper.","Coldstream\nGold\nOntario, Canada\nExplorationGold X2 Mining0.5–1.5% NSR\nEast Coldstream mineral resource estimate of 18.3 Mt at 1.1 g/t Au, ~15 km from Gold X2's 190 Mt Moss Deposit.","Windfall East\nGold\nQuebec, Canada\nExplorationGold Fields1.0% NSR\nUrban-Barry belt, adjacent to Gold Fields' Windfall project. FID targeted H1 2026, first gold ~2029.","Destiny\nGold\nQuebec, Canada\nExplorationBig Ridge Gold Corp0.5–1.0% NSR\nAbitibi belt. 2025 mineral resource estimate: 6.7 Mt at 0.91 g/t (Indicated) and 28.6 Mt at 0.87 g/t Au (Inferred).","Skoonka Creek\nGold\nBritish Columbia, Canada\nExplorationWesthaven Gold2.0% NSR\nA 2.0% NSR on Westhaven Gold's Skoonka Creek property, on the Spences Bridge Gold Belt in British Columbia.","Manica Gold Mine\nMozambique, Africa\nInvestment Overview\nInvestment SizeUS $3.5M\nInvestment Type3.375% Royalty\nCommodityGold\nOperatorMMP\nOn January 17, 2022, Empress increased its royalty from 2.25% to 3.375% by paying an additional US$1M under the previously executed Royalty Purchase Agreement (executed April 21, 2021). The Royalty is on gold sales from the Manica project operated by Mutapa Mining & Processing LDA (MMP), up to a total of 95,000 oz of gold. Thereafter, the royalty percentages will be reduced to 1.125% and shall continue into perpetuity. The royalty is secured by a first-ranking security interest in certain assets of MMP.\nManica is located in the Odzi-Mutare-Manica Greenstone Belt of Mozambique and comprises several deposits on Xtract Resources Plc's (“Xtract”) mining concession licence 3990C which includes four main deposits: Fair Bride, Guy Fawkes, Boa Esperanza, and Dots Luck. MMP and Xtract have entered into a collaboration and profit-share arrangement whereby MMP will build, finance and operate a carbon-in-leach (CIL) plant to process ore mined from Xtract's concession.\nMMP has advised Empress that it intends to mine and process the oxide and transitional ore at Fair Bride and other deposits on the Concession by installing a processing plant utilising a CIL process capable of processing up to 42,000 tonnes per month. An existing grinding circuit is already in place and MMP is advancing the engineering, fabrication and installation of the CIL plant and preparation work for associated infrastructure.","Tahuehueto\nDurango, Mexico\nInvestment Overview\nInvestment SizeUS $5M\nInvestment Type100% Stream\nCommoditySilver\nOperatorLuca Mining\nIn April 2021, the Company executed a streaming agreement on production from the Tahuehueto silver project, located in Mexico, owned and operated by Luca Mining (TSX.V: LUCA) (formerly Altaley Mining). Pursuant to the streaming agreement, the Company has the right to acquire 100% of silver production at 20% of the related off-take price in cash up to 1,250,000 ounces, and thereafter may acquire 20% of production at 20% of the related offtake price in cash. The streaming agreement terminates 10 years from the date of initial production.\nIn consideration, the Company paid US$5,000,000 in two tranches: US$2,000,000 in April 2021 and US$3,000,000 in July 2021.\nTahuehueto is located in the mining-friendly jurisdiction of Durango, Mexico. It is a typical epithermal polymetallic mineral deposit with metals consisting of gold, silver, zinc, copper and lead. Based on the 2022 PFS, the project has a 10.9-year life-of-mine at a production rate of 1,000 tonnes per day.\nThe mine is fully permitted and has offtake agreements in place with Trafigura. It has already produced a saleable concentrate, processing over 42,000 tonnes of ore on a toll mill basis during 2018–2019, confirming straightforward metallurgy with no need for fine or ultra-fine grinding and standard “off the shelf” technology delivering payable metals.","Sierra Antapite\nOcoyo, Peru\nInvestment Overview\nInvestment SizeUS $10M\nInvestment Type4.5% Stream\nCommodityGold\nOperatorSierra Sun Group\nIn July 2021, the Company completed the execution of a gold stream agreement on the Sierra Antapite mine in Peru, owned by the private corporation Sierra Sun Group through its 100% owned Peruvian company Sierra Antapite S.A.C. Mining Unit (“Sierra Antapite”).\nThe stream is on gold production from the Sierra Antapite mine at 20% of the gold spot price based on 4.5% of gold production for the first 11,000 gold ounces and 1% thereafter for life of mine. The stream is registered and secured against the mine and was funded in three tranches: US$5,000,000 in July 2021, US$2,500,000 in September 2021, and US$2,500,000 in December 2021. The mine will use Empress' investment to increase processing capacity from 750 to 1,000 tonnes-per-day.\nThe mine is fully permitted, has all social licenses to operate, and sells doré bars through either Metalor Technologies, a Switzerland-based refiner, or through Procesadora Sudmerica S.R.L, a Peru-based refiner. The cyanidation and carbon-in-pulp flowsheet is straightforward, with no need for fine or ultra-fine grinding, no refractory ore, and the flowsheet uses “off the shelf” technology. As an operating company with a track record, realized results de-risk many operating assumptions and inputs used in production forecasts."]
Leadership
Alexandra Woodyer Sherron (CEO and President, Experienced leader in the mining sector with a focus on strategic growth and operational excellence.), Janet Meiklejohn (CFO, CPA, CA, MBA, CBV with over twenty-five years' experience in corporate finance and institutional equity sales, previously served as CFO for several high growth companies.)

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