Triple Flag completes gold stream acquisition on Ravenswood mine
- Triple Flag Precious Metals (TSX:TFPM, NYSE:TFPM) completed its previously announced gold stream on the Ravenswood Gold Mine in Queensland, Australia.
- The company raised its 2030 production outlook to 150,000–160,000 gold equivalent ounces following the acquisition.
- First gold deliveries under the stream are expected in the third quarter of 2026.
Triple Flag Precious Metals (NYSE:TFPM) announced that its wholly owned subsidiary has completed the acquisition of a gold stream on the producing Ravenswood Gold Mine in Queensland, Australia.
The Ravenswood Gold Mine is a large-scale, long-life, low-cost operation with a history of continuous production since 1987 and plans to ramp up to over 200,000 ounces of gold per annum by 2028.
“We are very pleased to announce the completion of our gold stream acquisition on the Ravenswood Gold Mine,” said Sheldon Vanderkooy, CEO of Triple Flag.
With this acquisition serving as a key growth asset, Triple Flag Precious Metals increased its 2030 outlook to 150,000–160,000 gold equivalent ounces.
First delivery under the Ravenswood gold stream will commence in the third quarter of 2026.
The company highlighted strong momentum across its portfolio, including a positive construction decision at Hope Bay, positive economic studies at Arthur and Kemess, and potential mill expansion at Northparkes.
