Triple Flag Precious Metals Corp. has secured 5% silver and gold streams from Arcata and Azuca mines in Peru for $35 million. This acquisition is projected to increase its gold equivalent ounces to 5,000-6,000 annually by 2028 and foster community support initiatives. The company’s YTD price performance is 14.21%, with a current market capitalization of C$4.94 billion.
Triple Flag Precious Metals Corp. has recently announced the acquisition of 5% silver and gold streams from the Arcata and Azuca mines in Peru, which are operated by Sierra Sun Precious Metals S.A.C. This transaction, valued at $35 million, is expected to significantly enhance Triple Flag’s portfolio, leading to an anticipated increase in gold equivalent ounces (GEOs) to between 5,000 and 6,000 annually by 2028. Moreover, this initiative will establish a long-term partnership with Sierra Sun aimed at supporting local community programs.
Operating within the precious metals sector, Triple Flag Precious Metals Corp. specializes in the acquisition and management of precious metal streams and royalties. The company primarily focuses on gold and silver, effectively positioning itself as a key partner to mining operators by providing upfront funding in exchange for a share of future production.
As of year-to-date, Triple Flag has achieved a price performance increase of 14.21%. The average trading volume stands at 150,205 shares, while the technical sentiment consensus rating is currently a ‘Sell’. The market capitalization of the company is estimated at C$4.94 billion. For further insights regarding TFPM stock, interested parties may consult TipRanks’ Stock Analysis page.
In summary, Triple Flag Precious Metals has strategically acquired silver and gold streams from Sierra Sun, which is expected to bolster its production capabilities significantly. The company continues to establish its role within the precious metals industry by providing financial partnerships to mining operators. Moreover, the acquisition will contribute to long-term community support initiatives, enhancing Triple Flag’s corporate responsibility profile.
Original Source: www.tipranks.com
