Triple Flag Precious Metals Corp. announced the acquisition of 5% silver and gold streams on both the Arcata and Azuca mines in Peru. The streams were acquired from Sierra Sun Precious Metals S.A.C. for a total cash consideration of US$35 million.
These new stream interests are expected to provide near-term cash flow to Triple Flag. The Arcata and Azuca mines are described as long-life operations located in the Americas, offering significant exploration potential.
This acquisition further expands Triple Flag's diversified portfolio of precious metals assets. It aligns with the company's strategy of making accretive investments in mining-friendly jurisdictions to enhance its revenue streams and long-term growth profile.
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