Allied to Receive US$53 Million from Triple Flag Streaming Deal

Triple Flag Makes Agreement with Allied Gold for Streaming Transaction

Transaction Includes US$53 Million Upfront Cash Payment for Gold Streams

Canada-based Allied Gold has announced a streaming transaction with Triple Flag Precious Metals Corp. (TFPM) that will provide Allied with a US$53 million upfront cash payment and other considerations.

The streaming agreement involves three gold streams on each of Allied's Agbaou and Bonikro mines in Côte d'Ivoire. Triple Flag will make ongoing payments to Allied based on the gold produced from these streams.

Triple Flag is a gold streaming and royalty company that provides financing to mining companies in exchange for a share of future production. The company has a track record of successful streaming transactions and is well-positioned to support Allied's growth plans.

Allied Gold is a gold producer with operations in Côte d'Ivoire and Burkina Faso. The company has a strong track record of production and exploration success and is focused on increasing its gold production and reserves.

The streaming transaction with Triple Flag is expected to close in the fourth quarter of 2022, subject to regulatory approvals and other customary closing conditions.