Trident Royalties hits 13 cash generating assets as Santa Luz pours first gold
Gold production is expected to average 110,500oz per year for the first five years
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.
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Gold production is expected to average 110,500oz per year for the first five years
Trident holds 12 cash generating assets as well as a portfolio of advanced stage assets
Sugar Zone produced 51,453 oz in 2021. The most recent resource estimates for Sugar Zone total 4.67mln tonnes @ 10.9 grams per tonne gold for 1.64 million troy ounces gold
Trident now holds a total of 10 cash flowing assets following the start of production at Lincoln
There are 21 assets now in the portfolio, nine of which are generating cash
There is currently a legal dispute over who holds the rights to the royalty but Trident has come up with an arrangement where it will not have any litigation risk.
The portfolio comprises offtake deals for seven producing gold mines
Trident is building a royalty portfolio that aims to be reflective of the mining industry as a whole
The facility will be drawn on completion of the Orion acquisition
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The acquisition of a portfolio of cash generative gold offtake contracts was announced by Trident yesterday after trading had finished in London.
Trident acquired a net smelter return royalty over production from California-based Lincoln, with a royalty rate of 1.50%, decreasing to 0.75% once US$3mln has been paid
The province's superior court granted a motion to 'stay' the legal claim
Trident Resources is building a royalty portfolio that will be broadly reflective of the mining industry as a whole
The increase in the project's scale would boost Trident's royalty payment by US$11mln per year on the Phase 1 production profile and by US$23mln per year on the Phase 2 production profile
Gold royalties over potential 100,000 ounce-plus per year producers are comparatively rare
Trident's plan is to build a portfolio of royalties that is broadly reflective of the mining industry as a whole
"We are pleased to note the potential acquisition of Apollo which validates the attractiveness of Lake Rebecca, and Trident's royalty," said Adam Davidson, the CEO of Trident
Recent newsflow has been highly encouraging, and there are still plenty of deals in the pipeline
The company holds a 1.5% net smelter royalty at Warrawoona and Talga Talga projects