Empress Royalty Announces Pre-Production at Manica Gold Mine 1 producing asset , 2 in pre-production. Re-rating is coming.
Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to announce that pre-production has commenced at the Manica Gold Mine (“Manica” or the “Mine”). The Company owns a 3.375% royalty on Manica, which is located in Mozambique and operated by Mutapa Mining & Processing LDA (“MMP”).
“Congratulations to the team at MMP for their hard work and dedication in taking Manica from a development stage project into a producing mine,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “The Manica Gold Mine is our second development asset reaching pre-production and demonstrates our team’s ability to make strategic investments that create significant returns and value for our shareholders.”