Is STGO borrowing $$$ to buy gold to pay Triple F?Triple Flag Bermuda has determined the annual cap amounts upon the achievement of the commercial production date as the gold cap amount to be 7,125 ounces of produced gold annually and the silver cap amount to be 59,315 ounces of produced silver annually. Pursuant to the Stream Agreement, Steppe BVI has an option to buy gold and silver from open market and resell such gold and silver to Triple Flag International.
Since STGO only producing webinar gold recently, have they been borrowing $$$ to buy gold to pay streaming requirements to Triple F ?
Asking for a friend