Trident Royalties PLC

Construction

La Preciosa Silver Royalty

Trident owns a 1.25% NSR Royalty and 2.00% GVR Royalty over the La Preciosa Silver-Gold Project in Mexico, which is operated by Avino Silver and Gold Mines. Trident is also entitled to a milestone payment of US$8.75 million within 12 months of first production.

La Preciosa Silver Royalty

Avino Silver and Gold Mines acquired La Preciosa from Coeur Mining in March 2022 with the intention to rapidly develop the Project as a satellite mine to Avino’s current operation, located 19km away. La Preciosa features prominently in Avino’s five-year plan and the company is targeting the commencement of production in 2024.

Trident has a 1.25% NSR Royalty over the area covering the Gloria and Abundancia veins and a 2.00% GVR Royalty over the surrounding area. Additionally, Trident is entitled to a milestone payment of US$8.75 million from Avino within 12 months of first production. The milestone payment may be paid up to 50% in shares of Avino.

LocationMexico
OperatorAvino Silver and Gold Mines Ltd.
CommoditySilver
Mine TypeUnderground
StageConstruction

Resource Estimate (NI 43-101)"

Indicated17.4Mt @ 176 g/t Ag & 0.34 g/t Au
Inferred4.4Mt @ 151 g/t Ag & 0.25 g/t Au

Source: Avino Silver and Gold Mines Ltd.