LISTING
Shares of Triple Flag Precious Metals were unchanged in its trading debut on Thursday after the Canadian mine financing company raised more than $250-million in an initial public offering, the biggest Toronto Stock Exchange mining debut since 2012.
Led by former Barrick Gold executive Shaun Usmar, Triple Flag provides up-front financing to miners in exchange for a share of future revenue or production. It holds royalty interests in Alamos Gold's Young-Davidson mine in Ontario and Kirkland Lake Gold's Fosterville underground mine in Australia.
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