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Triple Flag Procures Royalties of Properties Covering Gold Fields’ Exploration Ground

Triple Flag Precious Metals Corp. (with its subsidiaries, "Triple Flag" or the "Company")  is pleased to announce the acquisition for US$4.9 million of three pre-existing 2% net smelter returns ("NSR") royalties on each of the Aster 2, Aster 3, and Helada properties from a private third party that are proximal to Gold Fields Limited's ("Gold Fields") Salares Norte project in Chile. These properties cover prospective exploration ground that Gold Fields has been exploring.

The Salares Norte project is currently under construction with anticipated first production in 2023. Once operational, the open pit mine is forecast to have an average annual production of 450,000 gold equivalent ounces per year for the first seven years, decreasing to around 355,000 gold equivalent ounces for the following three years.

The royalties include buy-down provisions that would reduce the amount of each NSR royalty from 2% to 1%. The amount to be received by Triple Flag if the buy-down provisions are exercised would be US$2 million for the Aster 2 royalty and US$4 million for each of the Aster 3 and Helada royalties.

Source: https://www.tripleflagpm.com/home/default.aspx

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