Elliott boosts stake in Triple Flag to 67%
Elliott Investment Management on Thursday raised its stake in gold-focused streaming and royalty firm Triple Flag Precious Metals Corp to 67% from 64.7%.
The hedge fund acquired 4.7 million shares in Triple Flag at C$16.50 per share.
Triple Flag provides upfront financing to miners in exchange for a share of future revenue or production. It has vested interests in royalty, concerning Alamos Gold Inc’s Young-Davidson mine located in Ontario, and Kirkland Lake Gold Ltd’s Fosterville underground mine in Australia.
The mine financing company in 2021 had raised more than $250 million in an initial public offering, the biggest Toronto Stock Exchange mining debut since 2012.
Elliott previously had bought 129.1 million shares in the Canada-based company, according to an SEC filing.
(By Arshreet Singh; Editing by Shilpi Majumdar)
More News
Resouro boosts titanium resource by 37% at Tiros project in Brazil
Total resources are now 1,400 Mt1 at 12% TiO₂ and 4,000 ppm TREO, the company said.
April 09, 2025 | 04:37 pm
Prime Minister Mark Carney vows to speed permits, make Canada energy superpower
The Liberal Party leader said at a campaign stop in Calgary that his government would create a Major Federal Project Office with a “one project, one review” mandate.
April 09, 2025 | 03:34 pm
Peru mining chamber sees copper output up 2-4% this year
That would put Peru's copper production between 2.79 million and 2.85 million metric tons.
April 09, 2025 | 02:53 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments