Triple Flag Completes Acquisition of US$440 Million Gold Stream on the Ravenswood Gold Mine

Triple Flag Precious Metals Corp. (TFPM) has completed the acquisition of a gold stream on the producing Ravenswood Gold Mine in Queensland, Australia. The transaction, executed by wholly owned subsidiary Triple Flag International Ltd., was previously announced as a US$440 million gold stream on June 12, 2026. First delivery under the new Ravenswood stream is scheduled to commence in the third quarter of 2026.

The Ravenswood Gold Mine is a large-scale, long-life, low-cost producing operation that has maintained continuous operations since 1987. The mine is currently ramping up to over 200,000 ounces of gold per annum by 2028. This production increase is supported by a large, prospective 1,800 km² land package that offers exploration upside.

Following the completion of the acquisition, the company has raised its 2030 GEOs outlook to 150,000–160,000, an increase from the previous range of 140,000–150,000. This revision cites the Ravenswood acquisition and positive operational milestones across its broader asset portfolio. Triple Flag holds interests in 242 assets, comprising 17 streams and 225 royalties, including 36 producing mines and 206 development and exploration projects across the Americas and Australia.

In the first half of 2026, the company reported several significant milestones, including a positive construction decision at Hope Bay, positive economic studies at Arthur and Kemess, and the advancement of a potential 10 Mtpa+ mill expansion at Northparkes.

“We are very pleased to announce the completion of our gold stream acquisition on the Ravenswood Gold Mine, a large-scale, long-life, low-cost operation ramping up to over 200,000 ounces of gold per annum by 2028,” said Sheldon Vanderkooy, CEO. “The Ravenswood Gold Mine has a long history of continuous operation since 1987, and we fully expect the mine to continue its strong track record of successful conversion of resources into reserves, with further upside potential from a large and prospective 1,800 km2 land package.”

Vanderkooy added, “With the acquisition of the Ravenswood Stream serving as a key growth asset for Triple Flag, we have increased our 2030 outlook to 150,000 to 160,000 GEOsi from 140,000 to 150,000 GEOs, as previously announced. The milestones achieved by our assets in the first six months of the year have also been impressive, supporting further GEOs growth beyond 2030, and include a positive construction decision at Hope Bay, positive economic studies at both Arthur and Kemess, and the advancement of a potential 10 Mtpa or more mill expansion at Northparkes. This growth is from assets located in mining-friendly jurisdictions across the United States, Canada and Australia, and will drive value for our shareholders for decades to come.”

Qualified Person James Lill (Director, Mining) has reviewed and approved all scientific and technical disclosures contained in the release.