Empress Royalty(TSXV:EMPR)

Empress Royalty 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 Royalty is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The company applies a financially disciplined approach to investing in cost-effective operations with strong experienced management teams and excellent upside potential, capitalizing on stable cash flow and long-term capital gains of streaming and royalty investments to generate revenue and create value for its shareholders. Empress Royalty has a strategic partnership with Endeavour Financial, enhancing its access to global investment opportunities and mining finance expertise.

Verified company data

Cash position
US$4.2M
Shares outstanding
129.35m
Fully diluted shares
150m
Mineral resource
The Technical Report provides a Total Mineral Resource estimate for Fair Bride at a cut-off grade of 0.5 g/t. The Mineral Resource estimate is further subdivided into a Surface Minable Mineral Resource (“Open Cut Mineral Resource”) and an Underground Mineable Mineral Resource. A cut-off grade of 0.5 g/t was used for the Open Cut Mineral Resource and a higher cut-off grade of 1.5 g/t was used for the Underground Mineable Mineral Resource. The tables below summarise the resources as set out in the Technical Report. **Total Mineral Resource for Fair Bride** (at 0.5% g/t cut-off grade as at February 1, 2021) | | | | | | | --- | --- | --- | --- | --- | | **Mineral Resource Category** | **Tonnes** | **Gold Grade** | **Gold Content** | | **Mt** | **g/t** | **kg** | **koz** | | Measured | 9.764 | 1.86 | 18,163 | 584.0 | | Indicated | 4.239 | 1.59 | 6,757 | 217.2 | | **Total M&I** | **14.003** | **1.78** | **24,920** | **801.2** | | Inferred | 12.930 | 1.65 | 21,313 | 685.2 | Notes: _1) Mineral Resources are declared at indicated cut-offs. 2) No geological losses are accounted for. 3) A gold price of USD$1,650 /oz was used for the cut-offs. 4) Mineral Resources are inclusive of Minerals Reserves (no Mineral Reserves declared). 5) Mineral Resources are reported as 100% attributable._ **Open Cut Mineral Resource at 0.5 g/t cut-off grade and final depth of 280m below surface as at 1 February 2021** | | | | | | | --- | --- | --- | --- | --- | | **Mineral Resource Category** | **Tonnes** | **Gold Grade** | **Gold Content** | | **Mt** | **g/t** | **kg** | **koz** | | Measured | 9.750 | 1.86 | 18,130 | 582.9 | | Indicated | 3.310 | 1.62 | 5,368 | 172.6 | | **Total M&I** | **13.060** | **1.80** | **23,498** | **755.5** | | Inferred | 0.894 | 1.17 | 1,049 | 33.7 | Notes:  _1) Mineral Resources are declared at indicated cut-offs.  2) No geological losses are accounted for. 3) A gold price of USD$1,650 /oz was used for the cut-offs. 4) Mineral Resources are inclusive of Minerals Reserves (no Mineral Reserves declared). 5) Mineral Resources are reported as 100% attributable._ **Underground Mineral Resource at 1.5 g/t cut-off and depth from 280m below surface as at 1 February 2021** | | | | | | | --- | --- | --- | --- | --- | | **Mineral Resource Category** | **Tonnes** | **Gold Grade** | **Gold Content** | | **Mt** | **g/t** | **kg** | **koz** | | Measured | 0.005 | 4.40 | 24 | 0.8 | | Indicated | 0.307 | 2.61 | 801 | 25.8 | | **Total M&I** | **0.312** | **2.64** | **825** | **26.5** | | Inferred | 5.350 | 2.59 | 13,874 | 446.1 | Notes:  _1) Mineral Resources are declared at indicated cut-offs. 2) No geological losses are accounted for. 3) A gold price of USD$1,650 /oz was used for the cut-offs. 4) Mineral Resources are inclusive of Minerals Reserves (no Mineral Reserves declared). 5) Mineral Resources are reported as 100% attributable._
Projects
["Sierra Antapite\n\nOcoyo, Peru\n\nUS $10M\n\nInvestment Size\n\n4.5% Stream\n\nInvestment Type\n\nGold\n\nCommodity\n\nSierra Sun Group\n\noperator\n\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”).\n\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 will be registered and secured against the mine. The stream was funded in three tranches; the first tranche of US$5,000,000 was funded in July 2021; the second tranche of US$2,500,000 was funded in September 2021; and the third tranche of US$2,500,000 was funded in December 2021. The mine will use Empress’ investment to increase its processing capacity from 750 to 1,000 tonnes-per-day.\n\nThe mine is fully permitted, has all social licenses to operate, and sells dore 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-Carbon flowsheet is straight forward, with no need for fine or ultra-fine grinding, no refractory ore and the flowsheet is “off the shelf” technology. Given this is an operating company with a track record, realized results de-risks many operating assumptions and inputs used in production forecasts derived from realized results.","Manica\n\nMozambique, Africa\n\nUS $3M\n\nInvestment Size\n\n3.375% Stream\n\nInvestment Type\n\nGold\n\nCommodity\n\nMMP\n\noperator\n\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.\n\nManica is located in the Odzi-Mutare-Manica Greenstone Belt of Mozambique and comprises of several deposits on Xtract Resources Plc’s (“Xtract”) mining concession licence 3990C which includes four main deposits being 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.\n\nMinxcon Pty Ltd (“Minxcon”), an engineering and consulting firm from South Africa, prepared a technical report (the “Technical Report”) entitled “NI43-101 Technical Report on the Fair Bride Gold Project, Mozambique, Mineral Resource Report“ dated February 1, 2021 by U. Egelmann B.Sc. (Zoo. & Bot.), B.Sc. Hon. (Geol.), Pr.Sc.Nat., MGSSA (a copy is available at www.sedarplus.ca under Empress’ profile). The Technical Report provides a Total Mineral Resource estimate for Fair Bride at a cut-off grade of 0.5 g/t. The Mineral Resource estimate is further subdivided into a Surface Minable Mineral Resource (“Open Cut Mineral Resource”) and an Underground Mineable Mineral Resource. A cut-off grade of 0.5 g/t was use for the Open Cut Mineral Resource and higher cut-off grade of 1.5 g/t was used for the Underground Mineable Mineral Resource.\n\nA mineral reserve estimate was prepared for Fair Bride in 2016 as part of a SAMREC-compliant Definitive Feasibility Study (“DFS”). However, significant changes to the mine plan and strategy since the DFS mean this reserve estimate is no longer current and does not comply with the requirements of NI 43-101. MMP proceeded to exploit the Open Cut Mineral Resource at Fair Bride without updating the DFS or updating its mineral reserve estimate. A production decision without an updated feasibility study and mineral reserve estimate involves higher risks and uncertainties respecting the economic and technical viability of the project for MMP, and indirectly for Empress as a royalty payee, the nature and magnitude of which Empress is unable to assess.\n\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."]
Leadership
Alexandra Woodyer Sherron (CEO & President, Experienced leader in the precious metals investment industry with a focus on growth and strategic partnerships.), Michelle Borthwick (Corporate Secretary, Corporate finance and governance professional with over 25 years of experience in senior roles, previously with Endeavour Mining Corporation and founder of Peakshore Consulting Inc.), Stefan Gleason (Managing Director of Gleason & Sons, Entrepreneur with a proven track record in the precious metals investment industry.)

Verified data last updated: 2026-05-15

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