Trident have released their Q1 results this morning. It is a typical roller coaster result with overall operational results coming in 17% below our forecasts but the total revenue/income number 13% ahead when including a partial sale of the Lincoln gold royalty – see table below. On the plus side the iron ore royalty at Koolyanobbing came in 15% ahead but gold offtakes income 22% below. The latter was disappointing given the gold price but the company notes this is down to seasonal production we ....
07 May 2024
Q1 2024 Activities Update
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Q1 2024 Activities Update
Trident Royalties Plc (TRR:LON) | 39.5 0 0.0% | Mkt Cap: 115.8m
- Published:
07 May 2024 -
Author:
David Butler -
Pages:
4
Trident have released their Q1 results this morning. It is a typical roller coaster result with overall operational results coming in 17% below our forecasts but the total revenue/income number 13% ahead when including a partial sale of the Lincoln gold royalty – see table below. On the plus side the iron ore royalty at Koolyanobbing came in 15% ahead but gold offtakes income 22% below. The latter was disappointing given the gold price but the company notes this is down to seasonal production we ....