By Christian Moess Laursen
Trident Royalties said it has agreed on an acquisition deal with a group of private royalty holders over a gold project in Mali for up to $5.5 million.
The mining royalty and streaming company will buy a 50% interest in a 2% net smelter royalty over the gold project. Net smelter returns are the revenue the owner of a mine gets from the sale on the mine’s products, with transportation and refining costs deducted.
Trident said on Monday the Dandoko gold project is owned by Canadian gold miner B2Gold.
“Dandoko is a highly attractive royalty on an asset operated by a senior producer, close to existing processing infrastructure, with a demonstrated pathway to production and significant exploration upside,” Chief Executive Adam Davidson said.
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