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Empress Royalty (TSXV:EMPR) is now a #revenue-generating #royalty company according to Empress Royalty CEO Alexandra Sherron after receiving their first gold revenue from the Sierra Antapite #gold mine in Peru.
“We just listed on the TSXV and on OTC in February, and then we did financing in March, and now we have one revenue generating asset,” Sherron said.
Empress Royalty recently executed a US$10M gold stream agreement in the Sierra Antapite gold mine last July 28, 2021, and is the first among the company’s 17 assets to generate revenue. According to Sherron, they have a robust pipeline of opportunities that they can expand to bring more development and production stage projects.
“We’ll have the Manica project in Mozambique coming online at the end of this year, as well as the Ataley silver stream. We’re projecting revenue of about US$6 million next year, going on to US$9 million the year after and US$12 million the year after that.”
Empress Royalty had a very clear strategy of creating new royalty and streams, says Sherron. They’ve delivered on three development assets and one producing asset and looking to continue to do so. The Manica project is expected to be the company’s first revenue generating African investment.
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