Empress Royalty Corp
EMPREmpress Royalty Corp. acquires royalty and streaming interests in precious metal mines and mining projects. The company has a portfolio of 17 precious metals royalties in Canada. It has net smelter return royalty interests in the Pinos Royalty and McLeroy-Pinos Royalty in the Pinos gold-silver project in Mexico. The company was incorporated in 2020 and is headquartered in White Rock, Canada.
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Key Information
Legal Entity
Empress Royalty Corp
Sector
Precious Metal
Founded
January 19, 2021
Employees
2
Reporting Currency
CAD
Contact Phone
604-331-2080
Website
empressroyalty.comHeadquarters Address
15782 Marine Drive , Vancouver , BC V4B 1E6 , CA
Identifiers
ISIN
CA2924541055Commodity Portfolio
Stock Exchanges
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Videos
Empress Royalty is Scaling Up With Bigger Royalty & Stream Deals
Key Highlights
detailed- The CEO says a transaction announced the week before the interview has put a debt facility in place with Appian, giving Empress $20 million in additional capital for new deals.
- She reports $17 million of revenue in 2025 and another $17 million in the first half of 2026, which she credits with giving Empress the financial flexibility to expand.
- She says Empress picked up an exploration-stage royalty package from Almodex in July 2026, adding royalties on companies she believes have strong operators, such as Westhaven, Kodiak and McEwen.
- She says a deal with AI company Geomorphic is helping Empress speed through technical reviews on its deals.
- Looking to 2027, she says Empress aims to become a full-spectrum royalty and streaming company, diversifying beyond its four producing assets and redeploying capital into new deals.
Empress Royalty earned $17 million in 2025 and $17 million more in the first half of 2026, funding larger streaming deals. An Appian debt facility adds $20 million for new deals as the company builds a full-spectrum royalty and streaming portfolio. A July royalty package from Almodex added exploration-stage exposure to operators including Westhaven Gold, Kodiak Copper, and McEwen Mining. Management prioritizes proven operators and uses streams rather than simple royalties across Africa and South America. Royalty and streaming firms provide upfront capital to small and mid-tier miners in exchange for a share of revenue or metal deliveries.
Nick Hodge – Beaver Creek Recap, Key Newsflow In Portfolio Stocks, & Outlook On Gold, Silver, Copper
Key Highlights
detailed- Hodge calls Empress's new royalty deal — a $75 million facility with Appian to purchase a royalty on the Tongan gold mine in Cote d'Ivoire — a really big deal for a company that previously held four smaller producing royalties.
- He has been involved in the company for a couple of years and expects it to keep executing on adding new royalties.
- He says the market seems to like the announcement.
- He adds that Rick Rule, a shareholder he interviewed before Beaver Creek, likes the deal and the royalty model.
Junior resource companies are spinning out unloved assets into new vehicles, a track record Nick Hodge credits with unlocking shareholder value where portfolios stagnate. This year's Beaver Creek precious metals summit was the busiest yet, with institutional money out in force and companies focused on execution over bull-market debates. The guest argues copper is the strongest major metal, supported by data-center buildout, mine supply disruptions, and the absence of US import tariffs. Gold must hold $4,000, in Hodge's view, as a rising dollar and multi-decade bond yields oppose it, setting up a buying opportunity. Silver looks weaker than gold and could retest $55; Hodge is hunting a mid-tier silver producer but wants a better entry before buying.
Luca Mining – Q2 2026 Operations & Financials; Ongoing Exploration & Development Work At Both Mines
Key Highlights
brief- Counterparty on Luca Mining's Tahoetto silver stream — 1.25M oz delivered at 100%, with the step-down to 20% of silver expected within roughly six quarters per the Luca CEO
Luca's Q2 2026 revenue jumped 47% year-over-year to $58.4M as both producing mines lifted throughput and commodity prices strengthened. CEO Dan Barnholden targets $10 to $15M of quarterly free cash flow once the Empress silver stream steps down from 100% to 20% of silver. Tahuehueto mill throughput now averages more than 1,100 tons per day, above its 1,000-ton design capacity, with 1,500 tons per day as the next target. Campo Morado's three-part recovery plan, mill-feed blending, water treatment, and finer grinding, aims to recapture gold currently reporting to tailings. The CEO expects at least 1 million ounces of new discovery at Tahuehueto beyond the existing roughly 6 million-tonne, half-million-ounce PEA inventory.
Rick Rule: Copper Has WAY More Potential Than Gold
Key Highlights
brief- Rick uses Empress Royalty, led by Alexandra Woodyear, as an example of a third-tier royalty company with a possible structural advantage through its ties to Endeavor Financial's deal flow.
Major copper producers need roughly $250 billion just to hold production steady — and they don't have the capital, opening a financing boom for streamers. Wheaton Precious and Franco-Nevada could be the biggest winners — silver byproducts from copper mines earn much higher multiples inside a streamer. Rule is rotating out of Franco, Wheaton, and Agnico into smaller, more speculative juniors to front-run the coming M&A wave. Most majors face a five-year depletion problem — only Agnico and Goldfield, Rule says, have near-term production covered. A red flag in royalty M&A: rapid capital deployment without a structural edge usually signals overpayment, not bargain hunting.
I Asked The Greatest Junior Mining Investors What They Are Buying Right Now | Rule Symposium
Key Highlights
brief- Phillips says he is a shareholder and is standing at the company's booth on the conference floor, describing Empress as a great royalty company that is executing.
- He pairs that with his view that royalty companies and prospect generators are probably the safer way to play gold and silver at this point in the cycle.
Gold and silver fell 30-50% from highs, and multiple guests frame the pullback as a buying window for quality developers, not a trend break. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) explains the margin math: $4,000 gold against a $2,000 AISC. One guest argues gold pays no dividend, so valuation must run against debt, money supply and GDP instead of cash flow. Royalty companies and prospect generators are presented as the safer way to play gold and silver than owning operators outright. Several guests expect a wave of mining M&A, because producers shed high-cost operations and hold cash without a growth pipeline.
Alexandra Woodyer Sherron, CEO of Empress Royalty Corp | Rule Symposium 2026: Rick Rule interviews
Key Highlights
detailed- The CEO argues Empress is significantly undervalued: she puts net asset value at about US$100 million using conservative $4,000 gold and $70 silver prices, versus a market cap just under C$100 million as of the June 2026 interview.
- Revenue is ramping: $17 million in 2025 and $9 million in Q1 2026 alone, with the company on track for its 2026 guidance, per the CEO.
- The portfolio holds four producing assets (Peru, Mexico, Mozambique, South Africa), one development and ten exploration assets; about $23 million invested in the producing assets has generated roughly $40 million cumulatively, per the CEO.
- Growth is currently self-funded: the CEO cites about US$19 million in gold, silver and cash plus an up-to-$20 million debt facility, so new royalty deals can be added without diluting shareholders.
- The CEO expects the company to reach meaningful scale within 12 months, with wider deal sourcing (China, Toronto, Latin America) and deep technical due diligence under way on three opportunities.
Royalty and streaming finance (upfront cash for a share of future output) gives metal-price exposure without the operational challenges of running mines. Empress Royalty targets smaller deals large streamers ignore, drawing technical capacity from its Endeavor Financial partnership to keep overheads low. Four producing assets in Peru, Mexico, Mozambique and South Africa delivered $17 million revenue in 2025 and $9 million in Q1 2026. The CEO argues Empress is undervalued: just under C$100 million market cap versus roughly US$100 million net asset value at $4,000 gold. Growth stays self-funded: $19 million held in gold, silver and cash plus a $20 million debt facility, with three deals in deep due diligence.
Gold Exposure Without Operating Mines
Empress Royalty CEO explains how royalty and streaming models offer gold and silver exposure without direct mining operational burdens. These companies finance projects or acquire royalty interests in exchange for a percentage of revenue or metal production. Investors can capitalize on precious metals production while avoiding the high capital spending and operating costs of traditional miners.
Live Q&A with Rick Rule
Key Highlights
brief- Rick lowered his Empress rating from 4 to 5 because the market has increasingly recognized the company's value proposition.
- He says Empress is no longer priced at half of net asset value because its share price has risen faster than its NAV.
Investors should test market capitalization against cash, securities, asset value and realistic economics before speculating in resource equities. Feasibility studies can resolve geology and metallurgy, while financing, processing, offtake and permitting remain decisive development risks. Small metals face sharp supply swings and often lack the scale needed for tier-one mines, increasing commodity and project risk. Royalty companies avoid operating and sustaining-capital bills, while non-operating producers still fund their share of investment. Portfolio concentration should match research capacity; Rick Rule says each holding deserves roughly an hour of review every month.
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