Trident Royalties sees first copper cathode production from Mimbula project within days
"We are pleased to see such significant progress from a key asset within Trident's royalty portfolio,” said chief executive Adam Davidson
Company
LON:TRR
Trident Royalties PLC is a fast-growing diversified mining royalty company, delivering significant shareholder value through value accretive transactions across precious, base, battery and bulk materials.
112 stories · page 4 of 6
"We are pleased to see such significant progress from a key asset within Trident's royalty portfolio,” said chief executive Adam Davidson
Trident also has a royalty on another major lithium project in development: Thacker Pass
A feasibility study outlined peak gold production averaging 360,000 ounces per year from 2025-2030, compared to latest guidance for 2022 production of 155,000-170,000 ounces
Trident is aiming to build a royalty portfolio that's broadly reflective of the mining industry as a whole
"Trident is in an excellent position to benefit from both structural ‘greening’ and a cyclical lift”
Developer Ramelius is drilling to define an ore reserve
Hughes was a senior member of the metals and mining investment banking team at RBC Capital Markets in London from 2010 to 2018
Trident has a diverse portfolio of royalty interests that will in due course be reflective of the output of the extractive industries as a whole
"We have clearer line of sight to revenue from the royalty whilst retaining full exposure to future value," said Trident chief executive Adam Davidson
The lithium project could be "transformational" to Trident Royalties' cash generation after its royalties portfolio soared in the second quarter
Trident is aiming to build a broad portfolio of royalties across multiple commodities
Early works construction remains on track to commence in 2022
Sonoroy is acquiring the royalty from the estate of Colin Orr-Ewing
Liberum says iron ore and copper are its two least favoured metals
Reading has over 40 years' experience in the mining industry
Trident's business model "provides investors with exposure to commodity prices but largely without the associated inflation in operating and capital costs,” said non-executive chairman Paul Smith
Stage 1 production is scheduled to mine approximately 102,000 ounces of gold over a 13-month period
Looking ahead, chairman Paul Smith said: “Potential deal flow currently continues to be both numerous and attractive"
Chief executive Adam Davidson said it had been an "excellent start to the year"
The mining royalty specialist said the sale represents 'excellent value'