Trident Royalties Plc (AIM: TRR) has, this morning, announced that it has reached an agreement with Franco-Nevada Corporation (TSX: FNV, mkt cap US$27.3bn) for the sale of several pre-production gold royalties for up to US$15.8 million in cash, delivering a 2.4x money-on-money return on their investments circa two years ago. Trident has also announced that it has restructured its existing debt facility with Macquarie, lowering the cost of capital.
09 Dec 2022
Sale of Gold Royalties & Reduced Cost of Capital
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Sale of Gold Royalties & Reduced Cost of Capital
Trident Royalties Plc (TRR:LON) | 34.5 0 0.0% | Mkt Cap: 101.1m
- Published:
09 Dec 2022 -
Author:
David Butler -
Pages:
6
Trident Royalties Plc (AIM: TRR) has, this morning, announced that it has reached an agreement with Franco-Nevada Corporation (TSX: FNV, mkt cap US$27.3bn) for the sale of several pre-production gold royalties for up to US$15.8 million in cash, delivering a 2.4x money-on-money return on their investments circa two years ago. Trident has also announced that it has restructured its existing debt facility with Macquarie, lowering the cost of capital.