Business
Empress Royalty has a diverse asset portfolio set up for growth potential
(NewsDirect) Richard Vigil, global vice president of Empress Royalty Corp, expanded on th...
About this update from Empress Royalty Corp
[{"type":"text","content":"Empress Royalty has a diverse asset portfolio set up for growth potential\n \n \n (NewsDirect)\n \n \n \n \n Richard Vigil, global vice president of\nEmpress Royalty Corp, expanded on the company's investment\nportfolio and criteria with Proactive's Chris Rhodes. Empress\nfocuses on late-stage development and producing companies in the gold\nand silver sector globally, with preferred investments in companies\nthat are six to 18 months away from production, with ticket sizes for\ninvestments that can reach up to $25 million US.\n \n \n Vigil highlighted two key investments in\nEmpress's portfolio. The first is the Tahuehueto silver mine in\nMexico, owned and operated by Luca Mining. The mine has recently\nreached a capacity of 500 tonnes per day and is expected to reach\n1,000 tonnes per day by the end of the year.\n \n \n Secondly, their investment in the Manica\ngold mine in Mozambique: an open pit mine that started producing in\nJuly of the previous year and has been showing steady growth.\nDemonstrating production growth since Empress's investment in\n2021, he also touched upon a gold mine operated by Sierra Sun Group:\nSierra Antapite, Peru.\n \n \n Looking ahead, Empress has completed\ntechnical due diligence on two new investment opportunities and is\nprogressing with legal, commercial, and due diligence. They also have\na strong pipeline of earlier stage discussions with potential partners\nglobally. Investors can expect further growth and expansion from\nEmpress Royalty in the second half of the year.\n \n \n \n Contact\nDetails\n \n \n \n Proactive Canada\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2115,"tagName":"div"}]