Mine financing company Triple Flag Precious Metals has closed a $550 million gold and silver stream on future production from China Molybdenum’s Northparkes mine in Australia.
The deal gives Triple Flag rights to the majority of the gold and silver that will be produced at the mine in New South Wales until it receives 630,000 oz. of gold and 9 million oz. of silver.
At that point, Triple Flag will continue to receive less than half of the mine’s gold and silver production.
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