Toronto, Ontario, December 20, 2016 – Triple Flag is pleased to announce that Triple Flag Mining Finance Bermuda Ltd. (“Triple Flag Bermuda”) has entered into a silver stream agreement with Milpo UK Limited (“Milpo UK”), a subsidiary of Compañía Minera Milpo S.A.A. (“Milpo”), in relation to silver production from Cerro Lindo, a poly-metallic zinc mine in Peru. Triple Flag Bermuda will make an upfront payment of US$250 million to Milpo UK and will pay 10% of the spot silver price at the time of delivery for each ounce of silver delivered under the agreement.
CEO, Shaun Usmar participates on The Financing Outlook panel at the PWC Mega mining minds all day event. The full-day event offers senior mining executives the chance to learn from industry experts, share insights and network with peers from the industry.
Shaun Usmar, CEO of Triple Flag Mining Finance joins Bloomberg’s Danielle Bochove to discuss opportunities in the market of mine financing.