Dillard
Cu · Au · AgBritish Columbia, Canada
MRE / ExplorationKodiak Copper2.0% NSR
2025 mineral resource estimate of 51.9 Mt grading 0.20% Cu. A district-scale package near Highland Valley Copper, New Afton and Copper Mountain.
Our Portfolio
Investment Portfolio
Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital.
Our Portfolio
Producing & Development Assets
Four producing assets across three continents plus a development project — select any asset to view its full profile.
Mexico
Producing · Silver
Tahuehueto
- Owner / Operator
- Luca Mining Corporation
- Investment Type
- 100% Stream
- Investment Size
- US$5M
Exploration Portfolio
Highlighted Exploration Royalties
A diversified pipeline of exploration royalties gives shareholders long-term upside from discovery and resource growth — without the capital requirements or operating risks of mine ownership. Each royalty is held on a project advanced by an established operator across some of North & Latin America’s most prospective mining districts.
Los Venados
GoldSonora, Mexico
Operating District / ExplorationAlamos Gold2.0% NSR
Within Alamos Gold's Mulatos district, ~1–2 km from the Mulatos Mine and Puerto Del Aire. Acquired outright by Alamos in 2025.
Prospect Valley
GoldBritish Columbia, Canada
ExplorationWesthaven Gold2.0% NSR
On the Spences Bridge Gold Belt, on trend from Westhaven's Shovelnose discovery. Backed by Dundee's earn-in of up to C$85M.
Willow
Cu · AuNevada, USA
ExplorationAbacus Mining2.0% NSR
Yerington district, adjacent to Hudbay's Mason Deposit. Minimum drilling through 2026 — leverage to U.S. copper.
Coldstream
GoldOntario, Canada
ExplorationGold X2 Mining0.5–1.5% NSR
East Coldstream mineral resource estimate of 18.3 Mt at 1.1 g/t Au, ~15 km from Gold X2's 190 Mt Moss Deposit.
Windfall East
GoldQuebec, Canada
ExplorationGold Fields1.0% NSR
Urban-Barry belt, adjacent to Gold Fields' Windfall project. FID targeted H1 2026, first gold ~2029.
Destiny
GoldQuebec, Canada
ExplorationBig Ridge Gold Corp0.5–1.0% NSR
Abitibi belt. 2025 mineral resource estimate: 6.7 Mt at 0.91 g/t (Indicated) and 28.6 Mt at 0.87 g/t Au (Inferred).
Skoonka Creek
GoldBritish Columbia, Canada
ExplorationWesthaven Gold2.0% NSR
A 2.0% NSR on Westhaven Gold's Skoonka Creek property, on the Spences Bridge Gold Belt in British Columbia.
Full Portfolio
Full Exploration Royalties
The complete portfolio of exploration royalties held by Empress across North & Latin America.
North American Royalties
| Property | Owner | Location | Commodity | Terms |
|---|---|---|---|---|
| Dillard | Kodiak Copper | British Columbia | Copper / Gold / Silver | 2% NSR |
| Prospect Valley | Westhaven Gold | British Columbia | Gold | 2% NSR |
| Willow | Abacus Mining | Nevada, USA | Copper / Gold | 2% NSR |
| Coldstream | Gold X2 Mining | Ontario | Gold | 0.5–1.5% NSR |
| Windfall East | Gold Fields | Quebec | Gold | 1% NSR |
| Destiny | Big Ridge Gold Corp. | Quebec | Gold | 0.5–1.0% NSR |
| Skoonka Creek | Westhaven Gold | British Columbia | Gold | 2% NSR |
| Oxford Lake | Big Ridge Gold Corp. | Manitoba | Gold | 0.5% NSR / 1% NSR |
| Miner Lake | Caprock Mining Corp. | Ontario | Gold | 0.5% NSR / 1% NSR |
| Greenoaks | Caprock Mining Corp. | Ontario | Gold | 0.5% NSR |
| Mud Lake | Caprock Mining Corp. | Ontario | Gold | 0.5% NSR / 1% NSR |
| Empress | Gold Strike Resources Corp. | Ontario | Gold | 1% NSR |
| Fisher | Geiger Energy Corp. | Saskatchewan | Copper / Zinc | 0.5% NSR / 1% NSR |
| Dog Lake | Big Ridge Gold Corp. | Ontario | Gold | 1% NSR |
| Ponderosa | AuGold Corp. | British Columbia | Gold | 2% NSR |
| Goz Creek | Silver North Resources | Yukon | Silver | 2% NSR |
| Tim | Silver North Resources | Yukon | Silver / Zinc / Lead | 2% NSR |
| Ram | Long & Associates | Yukon | Gold | 2% NSR |
Latin American Royalties
| Property | Owner | Location | Commodity | Terms |
|---|---|---|---|---|
| Los Venados | Alamos Gold | Mexico | Gold | 2% NSR |
| El Encuentro | McEwen Mining | Mexico | Gold / Silver | 2% NSR |
| Cerro Colorado | Gold Resource Corp. | Mexico | Gold / Silver | 2% NSR |
| El Fuego | Gold Resource Corp. | Mexico | Gold / Silver | 2% NSR |
| Caballo Blanco | Candelaria Mining | Mexico | Gold / Silver | 1.5% NSR |
| La Bufa | Endeavour Silver Corp. | Mexico | Gold / Silver | 2% NSR |
Portfolio Focus
Investment Criteria
A focused mandate helps Empress evaluate opportunities with discipline before capital is deployed.
01
Location
Global Focus
02
Commodities
Gold & Silver Only
03
Investment Size
Up To US$25M
04
People
Strong Management & Operational Teams
05
ESG
Strong Community Programs
06
Asset Stage
Production Or Near-Term Producing Mine