Triple Flag Precious Metals ( (TSE:TFPM) ) has provided an update.
Triple Flag Precious Metals Corp. has acquired 5% silver and gold streams from the Arcata and Azuca mines in Peru, operated by Sierra Sun Precious Metals S.A.C., for $35 million. This strategic acquisition is expected to enhance Triple Flag’s portfolio with a projected increase in gold equivalent ounces (GEOs) to 5-6 thousand per year by 2028, while also securing a long-term partnership with Sierra Sun to support local community programs.
More about Triple Flag Precious Metals
Triple Flag Precious Metals Corp. operates in the precious metals industry, focusing on acquiring and managing precious metal streams and royalties. The company primarily deals with gold and silver, positioning itself in the market as a partner to mining operators by providing upfront capital in exchange for a percentage of future production.
YTD Price Performance: 14.21%
Average Trading Volume: 150,205
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$4.94B
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