TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (“Triple Flag”) (TSX:TFPM, TSX:TFPM.U), a gold-focused streaming and royalty company that offers bespoke financing solutions to the metals and mining industry, today announced that, in connection with its previously announced normal course issuer bid (“NCIB”) to purchase up to 2,000,000 of its common shares, it recently entered into an automatic share purchase plan (“ASPP”) with the designated broker responsible for the NCIB. The ASPP is intended to allow for the purchase of its common shares under the NCIB at times when Triple Flag would ordinarily not be permitted to purchase its common shares due to regulatory restrictions and customary self-imposed blackout periods.
Pursuant to the ASPP, prior to entering into a blackout period, Triple Flag may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases will be made by the designated broker in its sole discretion based on parameters established by Triple Flag prior to the blackout period in accordance with the rules of the Toronto Stock Exchange (“TSX”), applicable securities laws and the terms of the ASPP. The ASPP has been pre-cleared by the TSX and will be implemented effective as of January 1, 2022.
Outside of the pre-determined blackout periods, common shares may be purchased under the NCIB based on the discretion of Triple Flag’s management, in compliance with TSX rules and applicable securities laws. The NCIB commenced on October 14, 2021 and will end no later than October 13, 2022. All repurchases made under the ASPP will be included in computing the number of common shares purchased under the NCIB. As of the date hereof, Triple Flag has purchased 155,778 of its common shares under the NCIB.
About Triple Flag
Triple Flag’s shares are listed on the TSX under TFPM.U (USD listing) and TFPM (CAD listing). On May 26, 2021 Triple Flag closed its initial public offering (“IPO”), which was the largest TSX-listed mining IPO since 2012 by size and market capitalization, and the largest precious metals IPO globally by market capitalization since 2008. Triple Flag is a gold-focused streaming and royalty company, providing investors exposure to a long-life, diversified and high-quality portfolio of streams and royalties, that generates robust free cash flows. Our business is underpinned by a rigorous focus on asset quality, optionality, sustainability and risk management. We offer bespoke financing solutions to the metals and mining industry. Our mission is to be a sought-after, long-term funding partner to mining companies throughout the commodity cycle. Since our inception in 2016, we have delivered sector-leading growth through the construction of a diversified portfolio of streams and royalties that provides exposure primarily to gold and silver in the Americas and Australia. We have 75 assets, including 9 streams and 66 royalties. These investments are tied to mining assets at various stages of the mine life cycle, including 15 producing mines and 60 development and exploration stage projects. References to Triple Flag mean Triple Flag Precious Metals Corp., together with its wholly owned subsidiaries.