Empress Royalty Provides Update on Tahuehueto Silver Stream & Manica Gold Royalty

About this update from Empress Royalty Corp

[{"type":"text","content":"Empress Royalty Provides Update on Tahuehueto Silver Stream & Manica Gold RoyaltyVANCOUVER, BC / ACCESSWIRE / July 13, 2023 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) (\"Empress Royalty\" or the \"Company\") is pleased to provide an update on its Tahuehueto Silver Stream, Manica Gold Royalty, and pipeline advancements.\"It is extremely rewarding to see our investments and mining company partners continue to deliver on milestones, improve operations and production targets,\" stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. \"Tahuehueto reaching 500 tpd is a significant accomplishment that not only strengthens our cash-flow but also increases our direct exposure to silver. As they ramp up to full commercial production, we look forward to substantial revenue growth over the next quarters.Operational performance, ore grades, and throughputs at Manica have been steadily advancing, and production levels have consistently met or exceeded internal guidance, resulting in steady and increasing royalty payments.In addition to our existing portfolio, I am excited to provide a brief update on our pipeline advancements, in which we now have exclusivity on two potential investments. Successful site visits have been completed for both opportunities and we are in advanced stages of due diligence. As both assets are in production, execution of these opportunities would result in the addition of immediate and meaningful revenue for 2023 projections. I look forward to updating the market further in the coming months as our team continues to expand the portfolio, execute on our business strategy, and create sustainable, long-term shareholder value.\"TAHUEHUETO SILVER STREAM UPDATE - 500 tpd capacity achievedOn June 28, 2023, Luca Mining Corp (\"Luca\") announced the Tahuehueto Gold Project (\"Tahuehueto\") located in Durango, Mexico, has achieved a major milestone with a production capacity of 500 tonnes per day (\"tpd\"), on time and budget. The 500 tpd installed capacity is expected to generate positive cash flow at current metal prices. Based on the pre-feasibility study updated in April, 2022 (NI43-101 Technical Report \"Preliminary Feasibility Study - Tahuehueto Project\"), at a capacity of 1,000 tpd the mine will have a net present value of US$131.8M1 with an IRR of 65% (economic analysis based on gold US$ 1,650/oz...

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