Triple Flag Precious Metals Corp. announced the completion of its acquisition of Orogen Royalties Inc. through a plan of arrangement. As part of the transaction, Triple Flag acquired Orogen’s 1.0% Net Smelter Returns (NSR) royalty on the Arthur gold project in Nevada, operated by AngloGold Ashanti plc.
The total consideration for Orogen Royalties was approximately C$421 million. Triple Flag paid C$171.5 million in cash and issued 5,633,629 common shares to Orogen shareholders. Additionally, Orogen shareholders received shares in a newly created entity, Orogen Spinco.
Triple Flag also made a C$10 million investment to acquire an approximate 11% equity interest in Orogen Spinco, which holds Orogen’s other assets. This acquisition significantly enhances Triple Flag's portfolio with a high-quality gold asset in a premier jurisdiction, offering exceptional long-term growth potential.
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