Triple Flag Announces Silver Stream on Milpo’s Cerro Lindo Mine for US$250M

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.

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