Welcome to our dedicated page for Empress Rty news (Ticker: EMPYF), a resource for investors and traders seeking the latest updates and insights on Empress Rty stock.
Empress Royalty Corp. (OTCQX: EMPYF) is a global royalty and streaming creation company focused on building a diversified portfolio of gold and silver investments. The news flow around Empress provides insight into how the company grows and manages its portfolio, reports financial performance and adjusts its governance and business development capabilities.
Investors following EMPYF news can read about financial and operating results, where Empress discloses royalty and streaming revenue, operating cash flow, net income and adjusted EBITDA. These updates link performance to increased production from its portfolio of gold and silver interests and to the impact of gold and silver prices on its results.
Empress also issues news on transaction activity and portfolio growth. Examples include the execution of a binding term sheet for a 5% royalty on gross gold and silver ounces from the Milford Copper Mine in Utah, described as its first US royalty, and updates on key assets such as its 100% silver stream on the Tahuehueto Mine owned by Luca Mining Corp. These releases outline how specific royalties and streams are structured and how project milestones, such as achieving commercial production, affect Empress.
Corporate developments are another theme in Empress news. The company reports on board changes, governance updates and business development appointments, highlighting experience in banking, capital markets, mining finance and regional sourcing, including roles focused on Africa. Empress also announces equity incentive grants, such as stock options, RSUs and DSUs, under its shareholder-approved plans.
By reviewing the EMPYF news page, readers can track how Empress communicates its strategy of disciplined capital allocation, portfolio expansion and use of royalty and streaming models to provide non-dilutive capital to mining companies while seeking to build long-term value from gold and silver investments.
Empress Royalty Corp. has announced an increase in its royalty on the Manica gold project in Mozambique from 2.25% to 3.375% following an additional US$1M funding. This adjustment will result in a total expected revenue from gold sales up to 95,000 oz. The project, operated by Mutapa Mining & Processing, is set for commissioning in the second quarter of 2022. Empress aims to enhance shareholder value with this strategic investment.
Empress Royalty Corp. has successfully completed its US$10M gold stream agreement for the Sierra Antapite mine in Peru by making the final payment of US$2.5M. This investment is expected to boost Empress' revenue by 25% and facilitate the mine's production expansion from 750 to 1,000 tonnes-per-day. The company aims to enhance its portfolio through strategic partnerships and ongoing investments in the mining sector, showcasing its commitment to creating long-term value for shareholders.
Empress Royalty Corp. has successfully closed a US$15M Accordion Credit Facility with Nebari Natural Resources Credit Fund I LP, following TSX Venture Exchange approval. The first drawdown of US$4.5M has been funded, and the company has issued 7,500,000 share purchase warrants at an exercise price of $0.27 for a period of two years. Empress Royalty, focused on creating a diversified portfolio of gold and silver investments, has built a portfolio of 17 precious metal investments since its public listing in December 2020.
Empress Royalty Corp. has secured a US$15M Accordion Credit Facility with Nebari Natural Resources Credit Fund I LP. The initial draw of US$4.5M will fund investments and working capital. The facility offers financial flexibility to enhance the company’s portfolio and supports strategic growth plans. The term is two years, bearing interest at Libor plus 10% per annum. The agreement includes an arrangement fee and warrants for Nebari. The facility is pending TSX Venture Exchange approval.
Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) updated its investment portfolio, highlighting progress across several mining projects. Key developments include:
- Tahuehueto Silver Stream: Construction is on schedule, with initial production expected by Q1 2022.
- Sierra Antapite Gold Stream: Production expansion ongoing, increasing plant capacity to 1,000 tonnes per day.
- Manica Gold Royalty: Construction is advancing, with initial production anticipated early 2022.
- Pinos Gold & Silver Royalty: Candelaria Mining secured C$8.4 million for future development.
Empress Royalty Corp. has announced an additional funding of US$2.5 million to increase its gold stream on the Sierra Antapite mine in Peru from 2.25% to 3.375%. This increase is expected to generate additional revenue, contributing to a significant revenue forecast for next year. The Company is now 75% funded on this stream, which is part of a larger US$10 million agreement initiated earlier. Additionally, Empress is seeking new debt financing after discontinuing discussions with Accendo Banco.
Empress Royalty Corp. (TSXV: EMPR; OTCQB: EMPYF) has officially changed its financial year-end from September 30 to December 31, aligning its reporting periods with its peer group. This adjustment results in a transitional 15-month financial year ending December 31, 2021. The company, focused on royalty and streaming investments in the precious metals sector, has built a portfolio of 17 investments since its public listing in December 2020. This change aims to enhance its reporting efficiency and maintain competitiveness within the market.
Empress Royalty Corp. has secured a US$5.2 million medium-term bridge loan from Accendo Banco to finance the Sierra Antapite stream acquisition and for working capital. The loan will incur interest at 11% per annum and is to be repaid within 24 months. Additionally, the loan agreement includes an arrangement fee of US$156,000 and the issuance of 6.5 million share purchase warrants. This financing is part of Empress's strategy to expand its portfolio in precious metals, leveraging its relationships with strategic partners.
Empress Royalty Corp. (EMPYF) announced its first revenue from the Sierra Antapite gold mine in Peru, marking a significant milestone just eight months post its public listing. The company has a US$10M gold stream agreement, which involves 20% of the gold spot price for the first 11,000 ounces. The first tranche of US$5M has already been funded, securing 2.25% of the payable gold production. With a diversified portfolio of 17 precious metal investments, Empress aims to create shareholder value through strategic partnerships and a proven royalty and streaming model.
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