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| Triple Flag Precious Metals |
Strategic Partnership with Sierra Sun to Boost Precious Metals Output
Triple Flag Precious Metals Corp. has announced that its wholly owned subsidiary, Triple Flag International Ltd., has acquired 5% silver and gold streams on the Arcata and Azuca mines in Peru. The acquisition, made from Sierra Sun Precious Metals S.A.C., was completed for a total cash consideration of $35 million.
“We are pleased to announce that we have acquired 5% silver and gold streams on the Arcata and Azuca mines in Peru from Sierra Sun, a well-established operator in the country,” said Triple Flag CEO Sheldon Vanderkooy.
Long-Term Mine Life and Growth Potential
Arcata and Azuca are projected to have at least a 10-year mine life, with Sierra Sun planning to restart production at Arcata in the near term. Gold equivalent ounces (GEOs) from the streams are expected to increase during the production ramp-up, reaching approximately 5,000 to 6,000 GEOs per year by 2028. Notably, the agreement includes no step-down in stream rates, ensuring consistent revenue potential.
Strong Operational Expertise and Exploration Upside
Sierra Sun’s management team has extensive experience in the Peruvian mining sector, providing mining and engineering services to top industry players. Triple Flag views Arcata as an attractive restart opportunity and Azuca as a key development project, both offering strong exploration upside. The partnership with Sierra Sun is expected to drive long-term value and growth for Triple Flag.
This acquisition strengthens Triple Flag’s portfolio and aligns with its strategy to invest in high-potential precious metals assets with strong operational partners.
