Trident’s interims show the newly established royalty portfolio already beginning to generate signif

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Trident Royalties (LON:TRR) generated revenue of just under US$949,000 during the six months to June 2020, as its newly established royalty portfolio started paying out.

The company lost just over GBP1mln before tax.

Since listing on Aim in March, Trident has announced five transactions comprising a total of eight royalties.

These include a royalty on the producing Koolyanobbing iron ore operation in Western Australia, a royalty on the Mimbula copper mine and associated tailings dumps in the Zambian Copperbelt, which is currently ramping up production, a royalty on the Spring Hill gold project Australia’s Northern Territories, and a royalty over the million ounce-plus Lake Rebecca gold project in Western Australia.

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