TSX:TFPMMetals and Mining
Triple Flag’s E44 Gold Deal Reshapes Long Term Cash Flow Profile
Triple Flag Precious Metals, through a subsidiary, plans to invest over CA$84 million in the E44 gold deposit at the Northparkes Mine in Australia.
The deal adds another long term gold asset in a politically stable mining jurisdiction to Triple Flag's portfolio.
The company sees the E44 interest as an important addition to its production exposure and overall asset mix.
For investors watching TSX:TFPM, this move comes with the shares trading around CA$49.22 and a 3 year return of 185.8%. The...