Publicly traded mining and streaming royalty company Trident Royalties reports that it generated its first cash flow from new gold drawdown streams it acquired on Jan. 11.
Trident acquired 1,858 ounces of gold, which it then sold for a margin of $30.68/oz at a realized gold price of $1,820/oz, generating total cash flow of $57,001 and an equivalent net smelter return margin of 1.69% to bundle it.
This was well beyond Trident’s long-term baseline assumption on acquiring the flow portfolio.
CEO adam davidson says the acquisition of the Stream Portfolio provides Trident with immediate revenue, underpinned by a portfolio of high-quality gold projects that significantly improve the scale and diversification of Trident’s revenue base.
“It is pleasing to note that deliveries to Trident under the contracts have now begun, this delivery being the first of several deliveries and regular sales are expected to take place on a weekly basis in the future,” he said. declared.
Davidson adds that Trident is well positioned for future growth with nine cash flow assets complementing its late-stage and developmental royalty portfolio, including the Thacker Pass lithium royalty.
“The combination of increased cash flow and our new credit facility provides Trident with ample access to capital to pursue additional accretive transactions without the near-term requirement to access equity markets,” he said. .