Elemental Royalties Corp. provided production guidance for the full year 2021. In 2021, the company expects 3,400 - 3,800 attributable GEOs from its existing portfolio, with over 90% of expected revenue derived from gold and silver production. The revised GEOs for 2021 follows updated production guidance from Austral published in October 2021. In the first quarter of 2021 Austral announced their expectation that production would increase during the second half of the year to meet the 45,000 - 50,000 GEOs guidance for 2021. Despite gradual improvements at the Guanaco/Amancaya mine complex Austral has revised production guidance for 2021 to 30,000 - 35,000 GEOs. The company provided revenue guidance for the full year 2022. The company expects revenue growth to continue in 2022, with a full year of royalty revenue from Karlawinda and first revenue from Mercedes expected in the first quarter of 2022.