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Elemental Royalties Announces Q2 2021 Results
Elemental Royalties Announces Q2 2021 Results Canada NewsWire VANCOUV...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"\n \n \n \n Elemental Royalties Announces Q2 2021 Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Aug. 23, 2021\n \n /CNW/ - Elemental Royalties Corp. (\"\n \n Elemental\n \n \" or \"the\n \n Company\n \n \") (TSXV: ELE) (OTCQX: ELEMF) is pleased to announce its operating and financial results for the three and six months ended\n \n June 30, 2021\n \n . For complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the three and six months ended\n \n June 30, 2021\n \n , available on SEDAR (\n \n www.sedar.com\n \n ) or the Company's website (\n \n www.elementalroyalties.com\n \n ).\n \n \n \n \n \n \n \n \n \n \n Frederick Bell\n \n , CEO of Elemental commented,\n \n \"The highlight of Q2 was the successful first gold pour at our cornerstone Karlawinda royalty in\n \n Australia\n \n . Completed on time and on budget, Karlawinda is a high-quality mine that materially de-risks the Company's royalty portfolio with approximately 80% by NAV now coming from operating assets.\n \n \n \n \n With active exploration programs underway across the portfolio, we look forward to continued organic resource growth and additional value being created for shareholders at no cost to the Company.  We also remain engaged on a robust pipeline of royalty opportunities to complement the doubling of royalty revenue expected going into 2022.\"\n \n \n \n \n \n Asset Highlights\n \n \n \n \n \n Commissioning and first gold pour at cornerstone royalty Karlawinda with an expected life of mine annual production run rate of 110,000 – 125,000 gold ounces\n \n \n Wahgnion performing well and on track for 2021 production of 158,000 – 173,000 gold ounces. Over\n \n 9,500m\n \n of drilling completed, representing approximately 25% of the exploration budget and the program is expected to ramp up in H2 2021\n \n \n Amancaya maintained 2021 guidance of 45,000 to 50,000 gold equivalent ounces plus the sale of approximately 6,000 ounces of gold in bullion fol...