“We are excited to be working with Telson and our strategic partners to get this remarkable asset into production,” stated Alexandra Woodyer Sherron, CEO and President of Empress.
“Facing ongoing operational difficulties due to Covid-19 in Peru and México, the Company performed relatively well during the first quarter with a 4.5% increase in consolidated throughout as well as record quarterly throughput at Yauricocha. These results were despite of other additional challenges, including a power failure at the Cusi Mine resulting from the large scale power outage originating in Texas.”
The closing of the Empress US$5M Stream is the second stage of a larger US$25 million financing package organized by an investor syndicate with members Accendo Banco S.A. de C.V., Empress Royalty Corp., & Endeavour Financial as detailed in Telson’s February 23rd news release.
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