Trident Royalties (AIM:TRR) is targeting a royalty & streaming portfolio to broadly mirror the commodity exposure of the global mining sector, with a production bias versus the majority of its peer group which is exclusively, or heavily weighted, to precious metals. The aim is to have a portolio evenly split between precious metals, base metals and bulk/ battery metals, across a range of mining-friendly jurisdictions worldwide, while most other royalty and streaming companies have portfolios weighted towards mining assets located in North and South America.
Producing royalties and streams can deliver strong and predictable cash flows, which can be leveraged through debt to enhance returns to equity and can underpin eventual dividend returns to shareholders.
The Company’s has built a portfolio of assets, diverse in both the commodity and the stage of the project, with 11 out of the 20 assets in production. Over 60% of the portfolio are in Canadian, Australian and US Dollars. Royalties include a 60% interest in a 1.75% gross revenue royalty (1.05% net to Trident) over the Thacker Pass Lithium Project, one of the largest known lithium resources in North America, owned and operated by Lithium Americas Corp.
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2023 Full Year Results Trident Royalties Plc (AIM: TRR, OTC: TDTRF), the diversified mining royalty company, today announces its full …
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| P&L | 31 Dec 2023 US$~000 | 31 Dec 2022 US$~000 |
|---|---|---|
| Revenue | 9,521 | 7,850 |
| Amortisation | (5,365) | (4,857) |
| Gross Profit | 4,156 | 2,993 |
| Profit before tax | 3,803 | (4,629) |
| Balance Sheet | 31 Dec 2023 US$~000 | 31 Dec 2022 US$~000 |
|---|---|---|
| Cash & Cash Equivalents | 3,248 | 16,577 |
| Total Assets | 149,297 | 148,358 |
| Total Liabilities | 40,738 | 43,488 |
| Net Assets | 108,559 | 104,870 |
Directors
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Investor’s Chronicle (9th May 2022): “Profiting from high commodity prices and inflation”
“A commodity royalty group has reported record results that prompted analysts to upgrade their forecasts.”
“First-quarter results from commodity royalty group Trident Royalties (TRR:48p) highlight the substantial progress the group has made in the past 12 months. Having made four royalty acquisitions in 2021, and subsequently completed the US$69.75mn (£56.4mn) acquisition of offtakes covering seven producing gold mines operated by five counterparties across six countries, Trident now has 22 investments of which 12 are producing income. In the latest three-month period, Trident realised profits of $1.6mn from its gold offtake portfolio, $0.5mn from its Mimbula copper royalty in Zambia and A$0.2mn from its Koolyanobbing iron ore royalty in Western Australia.”
Australian Mining: Mining achieves record tax, royalty payments (May 2020)
Australia’s minerals sector has paid $39.3 billion in company taxes and royalties in the 2018-19 financial year, a record high for the sector. This marks an increase of $8 billion from the previous year.
The increase was in line with revenue growth that reflected continued higher production and strong commodity prices, according to a Deloitte Access Economics report commissioned by the Minerals Council of Australia (MCA).
