Triple Flag Reports Record Q2 2021 Cash Flows in its Inaugural Public Quarterly Results and Provides 10-Year Outlook apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
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.