Empress Royalty Corp. (TSXV: EMPR) closed its acquisition of a gold stream on the Tongon Gold Mine in Côte d'Ivoire, owned by Atlantic Group, and completed related debt financing with Appian Capital Advisory. Empress Holdings paid US$62M upfront to Appian Tongon Streamco Ltd and is entitled to 3.58% of payable gold until 400,000 cumulative ounces are delivered, then 2.93% until 600,000 ounces, and 0.81% for the rest of the roughly 29-year term. The company raised its 2026 guidance to 8,000–8,500 attributable gold equivalent ounces from the previous 7,045–7,430 GEOs. Atlantic is drilling several deposits under a two-year program of about 180,000 metres, and an updated life of mine plan is expected by December 2026. Empress does not fund exploration, operating or capital costs at Tongon.
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• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
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