Empress Royalty Closes Tongon Gold Stream Acquisition for USD 62 Million

Bitget2026/10/19 11:35

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Empress Royalty closed its USD 62 million acquisition of the Tongon gold stream from Appian Tongon Streamco on October 19, 2026.
The stream initially covers 3.58% of payable gold production from Atlantic Group’s Tongon mine in Côte d’Ivoire until 400,000 cumulative ounces are delivered.
Entitlements fall to 2.93% until 600,000 cumulative ounces are delivered, then 0.81% for the remainder of the approximately 29-year term.
A USD 55 million draw under Appian’s USD 75 million senior secured credit facility partially funded the acquisition.
Full-year 2026 production guidance rose to 8,000–8,500 attributable gold equivalent ounces from 7,045–7,430 following the acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Empress Royalty Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610190730ACCESSWRNAPR_____1238025) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Empress Royalty Closes Tongon Gold Stream Acquisition for USD 62 Million

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