Mining's Capital's Alastair Ford analyses Trident Royalties PLC's (LON:TRR) recent announcement to acquire an existing gold royalty which hosts the entirety of the million ounce Lake Rebecca Gold Project.
The 1.5% net smelter royalty is being acquired for a total of A$8m, of which A$1m will be done Trident shares.
Ford says the deal means 'Trident are becoming an 'established player in this space' because of the form of payment and describes it as a 'significant deal'.