- Business
- Triple Flag Precious Metals Corp. (TSX: TFPM; NYSE: TFPM) is a precious metals streaming and royalty company that acquires and manages streams, royalties, and other mineral interests to provide investors with leveraged exposure to gold and silver production. The company offers streaming agreements and royalties on a diversified portfolio of 237 assets, comprising 17 streams and 220 royalties, primarily linked to long-life mining operations across producing, development, and exploration stages; key assets include the Northparkes copper-gold mine in Australia (Evolution Mining), Cerro Lindo polymetallic mine in Peru (Nexa Resources), Fosterville gold mine in Australia (Agnico Eagle Mines), Buriticá gold mine in Colombia (Zijin Mining), and Impala Bafokeng Operations in South Africa (Impala Platinum), with additional exposure to copper, nickel, lead, and zinc. Its geographic footprint spans Australia, Canada, Colombia, Côte d'Ivoire, Mexico, Mongolia, Peru, South Africa, the United States, and other regions, targeting mining operators seeking non-dilutive financing solutions throughout the commodity cycle.
Founded in 2016 and headquartered in Toronto, Canada, Triple Flag employs a lean operating model with a core team supplemented by external experts, emphasizing detailed due diligence, customized financing structures, and sustainability in its partnerships with mining companies. The company went public in 2019 via a reverse takeover on the Toronto Stock Exchange, raising approximately C$300 million to fuel portfolio growth.
In July 2025, Triple Flag completed the acquisition of Orogen Royalties Inc. for approximately C$421 million (US$305 million) in a mix of cash and shares, adding a flagship 1.0% net smelter returns royalty on the Arthur gold project (formerly Expanded Silicon) in Nevada, USA, operated by AngloGold Ashanti; this transformative deal expanded its portfolio to 237 assets across 30 producing mines and 207 development/exploration projects, while establishing an 11% strategic equity stake in Orogen Spinco—a newly formed entity retaining Orogen's remaining royalties, including the Ermitaño silver-gold stream in Mexico—accompanied by a new exploration alliance in the western United States.