Trident Royalties provides update on transactions completed
Trident Royalties on Monday confirmed a loss of $930,000 for the half-year ending in June 2021.
It came in above last year’s loss of $550,000, which was down to a slowdown in activity on the Trident tenement at Koolyanobbing.
Over the six-month period the firm completed on three transactions, amounting to a total of eight royalties.
Trident acquired a 60% interest in a gross revenue royalty over the Thacker Pass lithium project in Nevada, USA, of three net smelter royalties over the Pukaqaqa copper project in Chile and a portfolio of four gold royalties over exploration and development stage projects in Western Australia.
Additionally, Trident also provided an update on progress at the Rebecca gold project, which contains over 1.1m ounces of gold and over which it holds a 1.5% net smelter return royalty.
The Trident Royalties share price is down by 2.06% at the time of writing on Monday.
