Trident Royalties PLC on Monday said it is buying an interest in a royalty over the Dandoko gold project permit area in western Mali.

Trident Royalties, a London-based diversified mining royalty company said it is buying a 50% interest in a 2% net smelter royalty over the project permit area. The site is owned by B2Gold Corp Ltd, which has a market capitalisation of around $3.9 billion.

Dandoko is the flagship asset of Oklo Resources Ltd, which was bought by B2Gold in September 2022 for A$91.3 million.

It is located 25 kilometres from B2Gold’s operating Fekola mill, which is B2Gold’s largest asset with a targeted output of 580,000 to 610,000 ounces of gold in 2023.

Trident Chief Executive Officer Adam Davidson said: ‘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.’

Trident Royalties shares rose 3.4% to 43.70 pence each on Monday morning in London.

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