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Elemental Royalties Receives First Royalty Payment from Karlawinda Gold Project
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2021) - Elemental Royalties Corp. (...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Royalties Receives First Royalty Payment from Karlawinda Gold ProjectVancouver, British Columbia--(Newsfile Corp. - October 26, 2021) - Elemental Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (\"Elemental\" or \"the Company\") is pleased to announce that it has received its maiden quarterly royalty payment of approximately US$0.8 million from a subsidiary of Capricorn Metals Ltd (\"Capricorn\") (ASX: CMM). Elemental acquired an uncapped 2% NSR royalty on the Karlawinda Gold Project in February 2021.\"The rapid commissioning and ramp up of production at Karlawinda in Q3 2021 means that Elemental can expect increased revenue from Q4 2021 and exposure to uncapped gold revenue from a newly commissioned gold mine in tier 1 Western Australia,\" Frederick Bell, CEO of Elemental commented. \"Capricorn have already shown that Karlawinda has the potential to outperform current production levels and Elemental's high-quality portfolio of producing royalties continues to set the Company apart from peers.\"HighlightsReceived first royalty revenue of A$1,067,929 from sales of 21,964 ounces of gold in Q3 2021 at the Karlawinda Gold ProjectProduction for the year ending June 30, 2022, including commissioning and ramp up in the first three months of operations, is expected to be 110,000 - 120,000 gold ouncesCapricorn previously announced Karlawinda achieved steady state operations in Q3 2021Sales expected to increase in future quarters as Karlawinda operates at steady state throughput ratesOn behalf of Elemental Royalties Corp. Frederick BellCEO and DirectorInvestor Inquiries:Dustin Zinger, Investor Relations ManagerDirect: +1 (604) 653-9464Email: [email protected] is a proud member of Discovery Group. For more information please visit: www.discoverygroup.ca or contact 604-653-9464.TSXV: ELE | OTCQX: ELEMF | ISIN: CA28619L1076About Elemental Royalties Elemental is a gold-focused royalty company listed on the TSX-V in Canada and provides investors with lower risk precious metals exposure through a portfolio of nine high-quality royalties. This enables investors to benefit from ongoing royalty revenue, future exploration upside and low operating costs. Elemental's experienced team seeks to secure royalties in advanced precious metals projects, run by established operators, from its pipeline...