Adam Davidson, CEO of Trident Royalties PLC (TRR), explains todays acquisition of a new royalty stream over the Dandoko Gold Project permit area in western Mali, owned by B2Gold Corporation Limited, where 40% of the consideration price is linked to actual production milestones.

"The transaction today over the Dandoko Gold Project is operated by B2Gold, it's a pretty exciting exploration asset.

It's incredibly rare to find good gold royalties on ground operated by a major for value and that's why we're able to do many of our many of our gold focus peers.

Had they uncovered this royalty likely would have been more competitive in terms of acquisition price, but we think we got a very well structured price where 40% of the consideration is linked to actual production milestones on an asset that's got an incredibly bright future.

Obviously, B2Gold is a multibillion-dollar gold producer, they bought this property for nearly $100 million, just last year, just in the first two quarters of this year, they've sunk nearly 7 million US into drilling, the second largest exploration investment in the first half of this year.

So we think there's very good things to come. So we're excited to have some exploration exposure within the portfolio, but that is risk mitigated by being operated by a major that's well capitalised and it's clearly prioritising the asset."