Trident Royalties PLC - London-based mining royalty and streaming company - Sees revenue skyrocket to USD3.1 million in the six months to June 30 from USD77,000 a year earlier. Pretax loss narrows to USD800,000 from USD1.1 million, but finance costs increase to USD2.3 million from USD31,000 a year ago. Trident has completed several acquisitions for a total of USD76.0 million during the period. Says significant royalty and offtakes receipts of USD7.8 million is generated from Trident's portfolio.
Chief Executive Officer Adam Davidson says: "Trident has continued to excel amid a difficult macro-economic environment. The portfolio is performing well, with solid progress made across a number of assets. Looking forward to the second half, Trident is well positioned to continue our record of consistent growth."
Looking ahead, Trident warns that current macroeconomic and geopolitical uncertainty will continue to challenge traditional debt and equity markets.
Current stock price: 49.99 pence, up 8.0% on Tuesday
12-month change: up 33%
By Xindi Wei; xindiwei@alliancenews.com
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Trident Royalties (TRR)