Trident has entered into a binding agreement to acquire an NSR royalty over production from the Lincoln gold mine in the US. The mine in California is operated by Seduli Sutter Operations Corporation (Seduli). The royalty is structured as a 1.5% NSR, stepping down to 0.75% after $3m in royalty payments have been made to Trident. Stage 1 production targeting 20kozpa+ is expected to commence in Q4 this year and Seduli is planning a Stage 2 expansion to 80kozpa+ shortly after completion of Stage 1. ....
31 Aug 2021
Imminently cash-generative royalty secured over US gold mine
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Imminently cash-generative royalty secured over US gold mine
Trident Royalties Plc (TRR:LON) | 34.5 0 0.0% | Mkt Cap: 101.1m
- Published:
31 Aug 2021 -
Author:
Phil Swinfen -
Pages:
7
Trident has entered into a binding agreement to acquire an NSR royalty over production from the Lincoln gold mine in the US. The mine in California is operated by Seduli Sutter Operations Corporation (Seduli). The royalty is structured as a 1.5% NSR, stepping down to 0.75% after $3m in royalty payments have been made to Trident. Stage 1 production targeting 20kozpa+ is expected to commence in Q4 this year and Seduli is planning a Stage 2 expansion to 80kozpa+ shortly after completion of Stage 1. ....