After launching with 13 exploration assets in 2020, Empress Royalty (TSXV:EMPR,OTCQX:EMPYF) now has three producing mines that are ramping up, according to President and CEO Alexandra Woodyer Sherron.
“We’re forecasting about US$7 million in revenue coming in by the end of the year, using current metal prices,” Sherron said.
Empress Royalty is a global royalty and streaming creation company with a diversified portfolio of gold and silver investments. The three projects that are now in production, according to Sherron, are Sierra Sun Group’s Sierra Antapite mine, a gold project in Peru; Tahuehueto, a silver mine in Mexico operated by Altaley Mining (TSXV:ATLY,OTCQX:ATLYF); and Mutapa Mining’s Manica gold project in Mozambique, Africa.
Sherron explained her company’s strategy and value proposition for investors: “We work with mining companies to get them into production, expand upon their production capacity, like the one in Peru. And we have a direct relationship. So we’re very involved with the company, we’re getting monthly reports, we know what’s happening on the ground, we know how they’re developing. And as a result of that, we’re able to create flexible structures that work for everyone, as well as get some great returns, as we’ve demonstrated through the portfolio to date.”
Empress Royalty currently has a total of 17 investments which, Sherron noted, give investors access to gold and silver, providing a hedge against inflation.
“Compared to typical mining companies, we don’t have the huge capital and operating costs. We’re able to keep it quite low, and (we have) a small team to be able to execute on it. You’ve also got a diversified portfolio,” the chief executive said. “So it’s not a single asset. We’ve got projects all around the world that are bringing revenues, as multiple revenue sources, and also (getting) some great returns. Our portfolio IRR right now is just over 30 percent.”
Watch the full interview with Alexandra Woodyer Sherron, president and CEO of Empress Royalty, above.
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