Triple Flag Precious Metals’ Post

This week, we announced that Triple Flag has entered into definite agreements for the acquisition of 3% gold streams on each of the Agbaou and Bonikro mines operated by Allied Gold Corporation for a total cash consideration of US$53 million.   The Agbaou and Bonikro producing gold mines are located in Côte d’Ivoire within the Birimian Greenstone Belt, approximately 20 kilometers apart, and operated as a single complex.   On a combined basis, Allied is targeting a production rate of 180 to 200 thousand ounces per annum and a greater than 10-year mine life from the complex, driven by an extensive exploration program.   Commenting on the acquisition, our Founder and CEO Shaun Usmar said: “The acquisition of new 3% gold streams on each of the Agbaou and Bonikro mines adds immediate cash flow to Triple Flag from two producing assets, with an operator that has already created significant value at these operations from exploration initiatives.   We fully expect this exploration track record to continue and see significant upside potential for further growth in reserves and resources.”   Learn more below, or via: https://lnkd.in/e3M-cAXk   #TFPM #Mining #Gold

Félicitations !

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