What Empress Royalty does

Empress Royalty Corp. is a publicly traded precious metals royalty and streaming creation company, listed on the TSX Venture Exchange (EMPR) and OTCQX (EMPYF), with its headquarters in Vancouver and team operations across Toronto and London. Founded around 2019/2020, the company creates bespoke royalty and streaming agreements that supply non-dilutive capital to mining operators in exchange for revenue- or production-based payments tied to gold and silver output.

The company's portfolio comprises four producing assets and one developing asset: Sierra Antapite (Peru) via a US$10M gold stream expanding capacity from 750 to 1,000 tpd; Tahuehueto (Mexico) via a US$5M silver stream covering 100% of the first 1.25M payable silver ounces then 20% thereafter, with the mine reaching commercial production in March 2025; Manica (Mozambique) via a US$3.5M gold royalty on a now-producing asset; Galaxy Gold Mine; and Pinos (Mexico) via a US$1.5M investment for a 1% NSR across the developing project. Empress generates revenue through royalty payments and physical stream deliveries, with FY2025 revenue of US$17.2M, gross profit of US$12.1M, adjusted EBITDA of US$13.9M, and net income of US$7.4M.

The company differentiates through a strategic partnership with Endeavour Financial (amended July 2021), which provides deal sourcing, mining finance expertise, structuring capabilities, and capital markets access. Endeavour's team has executed over US$6 billion in mining finance transactions. Empress also maintains an institutional relationship with Terra Capital. In December 2025, Streamex Corp. (NASDAQ:STEX) acquired a 9.9% equity stake for approximately US$12.2M, linking the company to tokenization/RWA infrastructure. Distribution to investors is via public equity markets on TSX-V and OTCQX, with secondary marketing through investor conferences (PDAC, VRIC, Rule Symposium, NOIC), corporate YouTube content, LinkedIn, and direct investor meetings.

Name

Empress Royalty

Legal name

Empress Royalty Corp.

Website

https://empressroyalty.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Empress Royalty is a publicly traded royalty and streaming creation company that provides non-dilutive capital to mining operators in exchange for gold and silver production royalties, serving investors seeking diversified precious metals exposure through its five-asset portfolio.

Ownership category

akta.pro rank

Product category

Mining Royalty and Streaming Finance

NAICS

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (533)

SIC

Mineral Royalty Traders (6795)

akta.pro primary industry

Precious Metals Streaming, Royalties & Offtake (IMAKAEAF)

Keywords

• Royalty and streaming
• Gold investments
• Silver investments
• Mining finance
• Precious metals royalties

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Royalty and Streaming Revenue: Empress generates revenue through royalty and streaming agreements with mining companies. The company invests capital in mining projects in exchange for royalty payments (based on revenue or production) or stream deliveries (typically a percentage of metal production at discounted prices). Key revenue sources include: Sierra Antapite gold stream (US$10M investment), Tahuehueto silver stream (100% of first 1.25M payable ounces, then 20%), Manica gold royalty (US$3.5M investment), and Pinos gold & silver royalty (1% NSR across entire project). Revenue is derived from precious metals (gold and silver) production at underlying mines.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels10 records

Core offering

Empress Royalty is a precious metals royalty and streaming creation company that invests capital directly into gold and silver mining projects in exchange for royalty payments (percentage of revenue or production) or stream deliveries (percentage of metal at discounted prices). The company builds a diversified portfolio of royalties and streams on producing and development-stage mines, providing non-dilutive financing to mining operators while delivering precious metals exposure to investors.

Product overview

Empress Royalty is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. The company operates as a single unified offering centered on creating royalties and streams for mining companies with development and production stage projects that require non-dilutive capital. Its product portfolio includes gold royalty investments, silver streaming investments, and specific investment products such as the Sierra Antapite Gold Stream, Tahuehueto Silver Stream, Manica Gold Royalty, Pinos Gold & Silver Royalty, and Galaxy Gold Mine investment. The company generates revenue through royalty payments and stream deliveries based on metal production from underlying mining assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Sierra Antapite Gold Stream

Quantifiable outcome

• Revenue growth from US$3.5M (2023) to US$8M (2024) to US$17.2M (2025) - more than 4.9x growth over two years
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Terra CapitalcoreStrategic or Co-development Partner · 13 February 2025Terra Capital is a strategic partner that provides access to deal flow and capital markets expertise. Terra Capital sold a 9.9% equity stake in Empress Royalty to Streamex Corp. in December 2025 as part of a share purchase transaction valued at $12.2 million.
• Endeavour FinancialcoreStrategic or Co-development Partner · 26 July 2021Endeavour Financial is a top mining financial advisory firm with offices in London, UK and George Town, Cayman Islands. The partnership provides Empress with exclusive access to global mining investment opportunities, mining finance expertise, deal structuring capabilities, and access to capital markets. Endeavour has a proven track record with over US$500 million in royalty and stream finance, US$4 billion in debt finance, and US$28 billion in mergers and acquisitions. The partnership was amended in July 2021 to expand Endeavour's role to include sourcing and evaluating debt facility opportunities and corporate transactions.
• Accendo BancominorStrategic or Co-development Partner · 22 July 2021Accendo Banco was part of the US$25M financing solution for Altaley's Tahuehueto project, providing a US$12M debt facility alongside Empress's US$5M silver stream.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Franco-Nevada Corporation: Franco-Nevada is the world's largest gold royalty and streaming company, with a diversified precious metals portfolio spanning producing, development, and exploration assets. It is the benchmark incumbent for the same business model Empress operates—acquiring royalties and streams on mining production—but at vastly greater scale and asset breadth.
• Wheaton Precious Metals Corp. Wheaton Precious Metals is the largest dedicated precious metals streaming company globally, with streams on silver, gold, palladium, and cobalt production. It shares Empress's pure-play streaming model and focus on non-dilutive financing for miners, but operates at materially larger scale with a deeper portfolio across more counterparties and jurisdictions.
• Royal Gold, Inc. Royal Gold is a major precious metals royalty and streaming company with a portfolio of royalties, streams, and similar interests on gold, silver, copper, and other mines. It pursues the same fundamental strategy as Empress—financing miners through royalty/stream creation rather than direct mining—but with significantly more assets, counterparties, and capital deployment.

Direct peers

• Osisko Gold Royalties Ltd. Osisko Gold Royalties is a mid-tier precious metals royalty and streaming company whose business model—creating royalties and streams on producing and development-stage gold assets—is essentially the same as Empress's. Comparable in mandate (gold-focused, royalty/stream creation) and more similarly sized, Osisko is the closest mid-cap peer in the same Canadian-listed royalty segment.
• Sandstorm Gold Ltd. Sandstorm Gold is a precious metals royalty and streaming company that invests in gold and silver streams and royalties, primarily against producing mines. It shares Empress's creation model and asset focus (gold/silver) and is comparable in size and operational stage, making it a direct mid-cap streaming peer.
• Triple Flag Precious Metals Corp. Triple Flag is a precious metals-focused streaming and royalty company that provides upfront financing to miners in exchange for metal streams and royalties—virtually the same operating model as Empress. Acquired Maverix Metals in 2023, Triple Flag competes directly for new streaming deals with mining companies of comparable profile.
• Metalla Royalty & Streaming Ltd. Metalla Royalty is a small precious metals royalty and streaming company that acquires and creates royalties and streams on gold, silver, and other mining assets. Closest in size and stage to Empress, with a similar pure-play precious metals mandate and a creation-focused investment approach.
• Vox Royalty Corp. Vox Royalty is a small precious metals royalty company focused on acquiring and creating royalties on gold mining assets globally. It shares Empress's royalty-creation model and similar counterparty profile (development and producing-stage miners), though Vox is more royalty- and acquisition-focused, less stream-heavy.
• Gold Royalty Corp. Gold Royalty Corp. is a precious metals royalty company that builds a portfolio of royalties on gold projects across the Americas. While more acquisition-oriented than creation-oriented, it competes in the same small-cap gold royalty segment as Empress and serves a comparable investor base seeking leveraged gold exposure without direct mining exposure.

Others

• Endeavour Financial Ltd. Endeavour Financial is a mining-focused financial advisory firm with offices in London and George Town, Cayman Islands, that structures royalty, stream, debt, and M&A transactions for mining companies. It is not a royalty owner itself but is Empress's core strategic partner for deal sourcing and structuring, with a US$6B+ transaction track record.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCYB78U3aZZ1PI9hdIGDXMqQ
• Facebookfacebook.com/EmpressRoyaltycorp
• LinkedInlinkedin.com/company/empress-resources-corp
• Instagraminstagram.com/empressroyaltycorp
• Xx.com/empressroyalty_

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Empress Royalty