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Elliot-backed Triple Flag steady in market debut after Canada’s biggest mining IPO in 9 years

May 20, 2021

Source: https://www.mining.com/web/elliot-backed-triple-flag-steady-in-market-debut-after-canadas-biggest-mining-ipo-in-9-years/

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Triple Flag holds royalty interests in Alamos Gold’s Young-Davidson mine in Ontario. (Image from Alamos Gold)

Shares of Triple Flag Precious Metals Corp edged higher in its trading debut on Thursday after the Canadian mine financing company raised more than $250 million in an initial public offering, the biggest Toronto Stock Exchange mining debut since 2012.

Led by former Barrick Gold Corp executive Shaun Usmar, Triple Flag provides up-front financing to miners in exchange for a share of future revenue or production. It holds royalty interests in Alamos Gold Inc’s Young-Davidson mine in Ontario and Kirkland Lake Gold Ltd’s Fosterville underground mine in Australia.

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Triple Flag holds royalty interests in Alamos Gold’s Young-Davidson mine in Ontario. (Image from Alamos Gold)

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