Royalty Portfolio Update: Lincoln Gold Royalty

Trident Royalties Plc (AIM:TRR, FSX:5KV), the growth-focused mining royalty and streaming company, is pleased to note that it has been advised by the management of Seduli Sutter Operations Corporations (“Seduli”) that commissioning and pre-production activities at the Lincoln Gold Mine (“Lincoln” or the “Project”) are proceeding as planned with first gold remaining on schedule for Q4 2021.

As announced on 31 August 2021, Trident acquired a Net Smelter Return (“NSR”) royalty (the “Royalty”) over production from the Lincoln Gold Mine, located in California, USA. Seduli is currently finalising the restart of Stage 1 production at the Lincoln underground gold mine targeting 220 tonnes-per-day, with the aim of producing approximately 20,000+ ounces of gold per year1. The Project is permitted for Stage 2 production of up to 1,000 tonnes-per-day (approximately 80,000oz gold per year).

Adam Davidson, Chief Executive Officer of Trident commented:

“We are pleased to see the positive progress being undertaken at Lincoln Gold Mine. The Project is situated in one of the most historically prolific gold regions globally with Seduli uniquely positioned as the owner of the only constructed and permitted processing facility on the Californian Mother Lode. Seduli has a host of attractive exploration prospects within its existing tenement package and is well positioned to consolidate other exploration targets on the lode. Trident’s royalty retains full upside to both avenues of growth via the 5-mile area of interest provision in the royalty.

“Trident looks forward to further positive progress at Lincoln over the coming weeks, including first gold pour ahead of inaugural royalty revenues in 2022”

CEO Adam Davidson recently provided an update of the business and its strategy below