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Trident Royalties receives $291,832 in revenues during Q4
StockMarketWire.com
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Trident Royalties said it received $291,832 from royalty payments during the fourth quarter.
The royalty payments were from the iron ore royalty at Koolyanobbing and copper ore at Mimbula.
Trident made a total of six transactions agreed over 11 royalties in 2020, including the acquisition of the Pukaqaqa copper royalties from Orion Resource Partners, Trident's first all-equity deal.
Commodity prices underlying Trident's royalties remained strong throughout fourth quarter with iron ore averaging $131/tonne, copper averaging $7,173/tonne, and gold averaging $1,876/oz.
Current spot prices for iron ore and copper are well in excess of the fourth quarter average, presently at $157.4/tonne and $7,778/tonne respectively.
The company had a cash balance of $6.9 million as of 31 December 2020.
At 1:39pm: (LON:TRR) Trident Royalties PLC share price was 0p at 33p
Story provided by StockMarketWire.com
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