Timmins Ontario gold mine
Triple Flag Acquires $440 Million Ravenswood Gold Stream as Royalty Market Accelerates
There is a mine in Queensland called Ravenswood. It has been producing gold since 1987 and has pulled more than four million ounces out of the ground since then. Last Friday, someone paid $440 million for the right to buy 5.5% of its future output. That someone was Triple Flag Precious Metals. At $4,700 gold,…
