Triple Flag Precious Metals (TFPM) said Thursday it has completed its $440 million acquisition of a gold stream on the producing Ravenswood Gold Mine in Queensland, Australia.
"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 GEOs [gold equivalent ounces] from 140,000 to 150,000 GEOs," Chief Executive Sheldon Vanderkooy said in a statement.
The first delivery under the Ravenswood gold stream will be in Q3, the company said.
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