AcquisitionsJun 25, 2026, 07:11 AM
Triple Flag Completes $440M Gold Stream Acquisition on Ravenswood Mine
AI Summary
Triple Flag Precious Metals Corp. announced the completion of its US$440 million gold stream acquisition on the Ravenswood Gold Mine in Queensland, Australia. This acquisition is expected to significantly contribute to the company's growth, with the Ravenswood mine projected to reach over 200,000 ounces of gold per annum by 2028. As a result, Triple Flag has increased its 2030 outlook for Gold Equivalent Ounces (GEOs) to 150,000-160,000, up from the previous 140,000-150,000 GEOs. First delivery under the new stream is anticipated in the third quarter of 2026.
Key Highlights
- Completed acquisition of a US$440 million gold stream on the Ravenswood Gold Mine.
- Ravenswood Gold Mine is a large-scale, long-life, low-cost operation in Australia.
- Mine expected to ramp up to over 200,000 ounces of gold per annum by 2028.
- Increased 2030 outlook to 150,000-160,000 GEOs from 140,000-150,000 GEOs.
- First delivery under the Ravenswood gold stream will commence in Q3 2026.
- Other assets like Hope Bay, Arthur, Kemess, and Northparkes support further GEOs growth.
Price Impact
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