By Reuters Staff
(Corrects spelling of Elliott in headline and third paragraph, updates shares)
TORONTO, May 20 (Reuters) - Shares of Triple Flag Precious Metals Corp were flat 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.
Elliot-backed Triple Flag steady in market debut after Canada s biggest mining IPO in 9 years msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Elliott-backed Triple Flag steady in market debut after Canada s biggest mining IPO in 9 years reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.