RCTV – In Conversation with Empress Royalty
June 10, 2022
Empress’ President & CEO, Alexandra Sherron Woodyer, and Executive Chairman & Director, David Rhodes…
Tag: Empress Royalty Corp.
Empress Royalty Corp. (TSXV:EMPR) – Notable News
May 4, 2022
May 4, 2022 Empress Royalty Corp. (TSXV:EMPR, BUY, C$0.60 target, David A. Talbot) announced it has strengthened its management team through the appointment of Janet Meiklejohn
Empress Royalty Corp. (TSXV:EMPR) – Notable News
March 8, 2022
March 8, 2022 Empress Royalty Corp. (TSXV:EMPR, BUY, C$0.60 target, David A. Talbot) announced the appointment of Allison Rippin Armstrong as ESG Advisor to the
Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day One Recap
March 3, 2022
Yesterday, Red Cloud hosted the first day of its three-day 2022 Very Pre-PDAC Mining Showcase, which featured 36 presenting uranium and battery metal companies including our keynote speakers Andrew Leyland, Head of Strategic Advisory at Benchmark Mineral Intelligence and Anna Bryndza, Executive Vice President at UxC, LLC and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. If you would like to attend Day Two and Three of Red Cloud’s 2022 Very Pre-PDAC Mining Showcase, register here. Replays are available on the Red Cloud website.
Empress Royalty Corp. (TSXV:EMPR) – Manica Royalty Increased from 2.25% to 3.375%
January 18, 2022
Empress Royalty has increased the royalty on the Manica Au project from 2.25% to 3.375% by providing additional funding of US$1M to Mutapa Mining & Processing LDA, the operator of the project. We see this royalty expansion as positive as we believe it helps diversify revenue received from royalties and streams in various jurisdictions. With an experienced management team, unique strategic alliances, and a robust pipeline of potential investments, we believe EMPR will continue to grow by adding high-quality, low risk, near-term revenue generating royalties and streams. With Q4/21 marking its first revenue generating quarter from the Sierra Antapite stream, we view growth as a key share price driver and expect EMPR shares to re-rate as its portfolio expands.
Empress Royalty Corp. (TSXV:EMPR) – Notable News
December 23, 2021
December 23, 2021 Empress Royalty Corp. (TSXV:EMPR, BUY, C$0.60 target, David A. Talbot) announced the execution of an agreement for a US$15M accordion credit facility with
Empress Royalty Corp. (TSXV:EMPR) – Notable News
November 26, 2021
November 26, 2021 Empress Royalty Corp. (TSXV:EMPR, BUY, C$0.60 target, David A. Talbot) filed its fiscal Q4/21 financial results for the period ended September 30,
Empress Royalty Corp. (TSXV:EMPR) – Tahuehueto On Track to Begin Producing in Q4/21
November 16, 2021
Empress Royalty provided an operational update on its royalty and stream portfolio based on updates from its partners. Importantly, construction of the Tahuehueto project where Empress holds a 10-year Ag stream, remains on track with initial production expected at the end of Q4/21. We anticipate Tahuehueto to contribute ~US$5M to revenue in FY/22. With experienced management, unique strategic alliances, and a robust pipeline of potential investments, we believe EMPR will continue to grow by adding high-quality, low risk, near-term revenue generating royalties and streams. We view growth as a key share price driver and expect EMPR shares to re-rate as its portfolio expands.
Q3 Producer Preview & Commodity Price Update – Lowering Gold Price Forecasts While Most Commodities Increased
October 13, 2021
Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.
Empress Royalty Corp. (TSXV:EMPR) – 3rd Tranche for Sierra Antapite; Slightly Lower Q3/21 CF Expected
October 1, 2021
Empress Royalty has funded the 2nd tranche of US$2.5M for the Sierra Antapite mine of Sierra Sun Group (Private) in Peru. Per terms announced earlier (read more), the 2nd tranche was to consist of US$5M, but due to the halt in discussions with Accendo Banco regarding a US$5.2M debt facility (due to the revocation of its license), a 3rd tranche of US$2.5M will now be required. While the stream increases from 2.25% to 3.375% for now, as opposed to 4.5% that was anticipated upon full funding, this delay does not have a material impact on our NAVPS estimate. While the short-term impact of losing the Accendo Banco relationship as a strategic partner isn’t severe, it may reduce opportunities that could have made it into EMPR’s stream creation pipeline. Fortunately, Empress strengthened its relationship with its investment manager Endeavour Financial in July. With experienced management, unique strategic alliances, and a robust pipeline of potential investments, we believe EMPR will continue to grow by adding high-quality, low risk, near-term revenue generating royalties and streams. We view growth as a key share price driver and expect EMPR shares to re-rate as its portfolio expands.