- Trident Royalties (OTCQB:TDTRF) reports quarterly receipts of $2.98 million, a 6% decrease from Q4, driven by seasonally lower deliveries from the gold offtake portfolio, partially offset by strong margin-per-ounce resulting from positive movements in gold volatility and price.
- Lower receipts at Mimbula reflect the conclusion of a minimum payment schedule in Q2 2023 following full recovery of Trident’s initial investment.
- Trident retains a 0.3% gross revenue royalty over Mimbula, which is continuing its expansion from 10,000 tonnes per annum to full Phase 2 production of 56,000 tonnes per annum in mid-2025.
- Source: Press Release
