While bitcoin has been one of the world’s best performing assets over the past 10 years, the cryptocurrency has had its fair share of volatility and price corrections.
Led by former Barrick Gold Corp executive Shaun Usmar, Triple Flag provides up-front financing to miners in exchange for a share of future revenue or production.
Mines in Australia and Ecuador have made available for sale around $93.50 million worth of gold at current prices, discounted to $80 million, on the Digital Metal Exchange (DMX).
Soaring global gold prices over the past year have seen earning by gold firms surge, but the companies have argued that above-inflation increases are unrealistic.
Commodities rally is wavering on worries about faster inflation, Federal Reserve hints at easing stimulus and China’s warning over measures to cool price spikes.