Triple Flag Completes Acquisition of US$440 Million Gold Stream on the Ravenswood Gold Mine
Triple Flag Completes Acquisition of US$440
Million Gold Stream on the Ravenswood
Gold Mine
TORONTO--(BUSINESS WIRE)--June 25, 2026--Triple Flag Precious Metals Corp. (with its
subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) is pleased to
announce that its wholly owned subsidiary, Triple Flag International Ltd., has completed the
previously announced transaction to acquire a gold stream (the “Stream”) on the producing
Ravenswood Gold Mine in Queensland, Australia. Unless otherwise indicated, all amounts are
expressed in US dollars.
“We are very pleased to announce the completion of our gold stream acquisition on the
Ravenswood Gold Mine, a large-scale, long-life, low-cost operation ramping up to over 200,000
ounces of gold per annum by 2028. The Ravenswood Gold Mine has a long history of continuous
operation since 1987, and we fully expect the mine to continue its strong track record of
successful conversion of resources into reserves, with further upside potential from a large and
prospective 1,800 km2 land package,” commented Sheldon Vanderkooy, CEO of Triple Flag.
“With the acquisition of the Ravenswood Stream serving as a key growth asset for Triple Flag,
we have increased our 2030 outlook to 150,000 to 160,000 GEOsi from 140,000 to 150,000
GEOs, as previously announced. The milestones achieved by our assets in the first six months of
the year have also been impressive, supporting further GEOs growth beyond 2030, and include a
positive construction decision at Hope Bay, positive economic studies at both Arthur and
Kemess, and the advancement of a potential 10 Mtpa or more mill expansion at Northparkes.
This growth is from assets located in mining-friendly jurisdictions across the United States,
Canada and Australia, and will drive value for our shareholders for decades to come.”
First delivery under the Ravenswood gold stream will commence in the third quarter of 2026.
Full details of the transaction can be found in Triple Flag’s news release titled “Triple Flag
Announces US$440 Million Gold Stream on the Ravenswood Gold Mine and Increases 2030
Outlook” dated June 12, 2026.
About Triple Flag Precious Metals Corp.
Triple Flag is a precious metals streaming and royalty company. We offer investors exposure to
gold and silver from a total of 242 assets, consisting of 17 streams and 225 royalties, primarily
from the Americas and Australia. These streams and royalties are tied to mining assets at various
stages of the mine life cycle, including 36 producing mines and 206 development and
exploration stage projects and other assets. Triple Flag is listed on the Toronto Stock Exchange
and New York Stock Exchange, under the ticker “TFPM”.
Qualified Person
James Lill, Director, Mining for Triple Flag Precious Metals and a “qualified person” under NI
43-101 has reviewed and approved the written scientific and technical disclosures contained in
this press release.
Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable
Canadian securities laws and “forward-looking statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to
herein as “forward-looking information”). Forward-looking information may be identified by the
use of forward-looking terminology such as “plans”, “targets”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”,
“intends”, “anticipates”, “believes” or variations of such words and phrases or terminology
which states that certain actions, events or results “may”, “could”, “would”, “might”, “will”,
“will be taken”, “occur” or “be achieved”. Forward-looking information in this news release
include, but are not limited to, statements with respect to the expected production, operational
and other developments at the Ravenswood Gold Mine and other projects that the Company has
an interest in; developments, outlook, upside and growth potential in respect of the Ravenswood
Gold Mine and other projects that the Company has an interest in; expected deliveries under the
Stream and the timing of such deliveries; expected benefits to the Company under the Stream;
the Company’s current and prior annual and five year guidance; and operational and corporate
developments for the Company. In addition, any statements that refer to expectations, intentions,
projections or other characterizations of future events or circumstances, including information in
this news release regarding the Stream and the anticipated benefits therefrom, contain forward-
looking information. Statements containing forward-looking information are not historical facts
but instead represent management’s expectations, estimates and projections regarding possible
future events or circumstances.
The forward-looking information included in this news release is based on our opinions,
estimates and assumptions in light of our experience and perception of historical trends, current
conditions and expected future developments, as well as other factors that we currently believe
are appropriate and reasonable in the circumstances. The forward-looking information contained
in this news release is also based upon a number of assumptions, including the ongoing operation
of the properties in which we hold a stream or royalty interest by the owners or operators of such
properties in a manner consistent with past practice; the accuracy of public statements and
disclosures made by the owners or operators of such underlying properties; and the accuracy of
publicly disclosed expectations for the development of underlying properties that are not yet in
production. These assumptions include, but are not limited to, the following: assumptions in
respect of current and future market conditions and the execution of our business strategies; that
operations, or ramp-up where applicable, at properties in which we hold a royalty, stream or
other interest continue without further interruption through the period; and the absence of any
other factors that could cause actions, events or results to differ from those anticipated,
estimated, intended or implied. Despite a careful process to prepare and review the forward-
looking information, there can be no assurance that the underlying opinions, estimates and
assumptions will prove to be correct. Forward-looking information is also subject to known and
unknown risks, uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those expressed or implied by such
forward-looking information. Such risks, uncertainties and other factors include, but are not
limited to, those set forth under the caption “Risk and Risk Management” in our management’s
discussion and analysis in respect of the fourth quarter and full year of 2025 and the caption
“Risk Factors” in our most recently filed annual information form, each of which is available on
SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. In addition, we note that
mineral resources that are not mineral reserves do not have demonstrated economic viability and
inferred resources are considered too geologically speculative for the application of economic
considerations.
Although we have attempted to identify important risk factors that could cause actual results or
future events to differ materially from those contained in the forward-looking information, there
may be other risk factors not presently known to us or that we presently believe are not material
that could also cause actual results or future events to differ materially from those expressed in
such forward-looking information. There can be no assurance that such information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue reliance on forward-looking
information, which speaks only as of the date made. The forward-looking information contained
in this news release represents our expectations as of the date of this news release and is subject
to change after such date. We disclaim any intention or obligation or undertaking to update or
revise any forward-looking information whether as a result of new information, future events or
otherwise, except as required by applicable securities laws. All of the forward-looking
information contained in this news release is expressly qualified by the foregoing cautionary
statements.
Cautionary Statement to U.S. Investors
Information contained or referenced in this press release or in the documents referenced herein
concerning the properties, technical information and operations of Triple Flag has been prepared
in accordance with requirements and standards under Canadian securities laws, which differ
from the requirements of the U.S. Securities and Exchange Commission (“SEC”) under subpart
1300 of Regulation S-K (“S-K 1300”). Because the Company is eligible for the
Multijurisdictional Disclosure System adopted by the SEC and Canadian Securities
Administrators, Triple Flag is not required to present disclosure regarding its mineral properties
in compliance with S-K 1300. Accordingly, certain information contained in this press release
may not be comparable to similar information made public by U.S. companies subject to
reporting and disclosure requirements of the SEC.
Technical and Third-Party Information
Triple Flag does not own, develop or mine the underlying properties on which it holds stream or
royalty interests. As a royalty or stream holder, Triple Flag has limited, if any, access to
properties included in its asset portfolio. As a result, Triple Flag is dependent on the owners or
operators of the properties and their qualified persons to provide information to Triple Flag and
on publicly available information to prepare disclosure pertaining to properties and operations on
the properties on which Triple Flag holds stream, royalty or other similar interests. Triple Flag
generally has limited or no ability to independently verify such information. Although Triple
Flag does not believe that such information is inaccurate or incomplete in any material respect,
there can be no assurance that such third-party information is complete or accurate.
i Based on an unchanged gold-to-silver price ratio assumption of 85x.
Contacts
Investor Relations:
David Lee
Vice President, Investor Relations
Tel: +1 (416) 304-9770
Email: [email protected]
Media:
Elfie Kent, Camarco
Tel: +44 (0) 20 3757 4980
Email: [email protected]