Shipment company

Trident Royalties PLC receives inaugural shipment in gold drawdown with i-80 Gold Corp

Trident owns 12 cash-generating assets as well as a portfolio of late-stage assets

Trident Royalties PLC (AIM:TRR) said it received its inaugural shipment in a gold draw with Nevada-focused i-80 Gold Corp.

The first delivery of gold was from the processing of Ruby Hill stockpiled materials and ongoing gold mining from an existing heap leach pad and was the first gold sale in the company’s history. ‘i-80.

“We congratulate i-80 on this landmark first gold delivery from Ruby Hill, a significant step towards their becoming a premier gold producer in Nevada, the jurisdiction that accounts for more than 75% of total gold production. of the United States and is recognized as one of the most favorable regions for mining investment in the world,” said Trident CEO Adam Davidson.

Under the offtake agreement, Trident can purchase all gold produced by the Ruby Hill, Granite Creek and McCoy-Cove projects up to an annual cap of 37,500 ounces in 2022 and 2023, increasing to 40,000 ounces up to at the end of the year 2028.

“Prime Gold at Ruby Hill continues the expected growth trajectory in gold drawdown with additional near-term growth expected from the start of production this year at I-80’s Granite Creek project and Santa Luz. Equinox Gold (TSX: EQX) project, as well as the continued ramp-up of production at Blyvoor Gold,” Davidson said.

Trident owns 12 cash-generating assets as well as a portfolio of late-stage assets.