PROJECT FINANCE

Canadian company announces $550M Northparkes streaming deal

CANADIAN streaming company Triple Flag Precious Metals Corp has entered into a US$550 million streaming agreement with China Molybdenum Co over the Northparkes mine in New South Wales.

The Northparkes mine in NSW

The Northparkes mine in NSW

Triple Flag's Bermuda subsidiary will make an upfront cash payment of $550 million and ongoing payments equal to 10% of the spot gold price and spot silver price at the time of delivery for 54% of gold...

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