Triple Flag Precious Metals Announces US$440 Million Gold Stream on the Ravenswood Gold Mine and Increases 2030 Outlook

About this update from Triple Flag Precious Metals Corp.

TORONTO / Jun 12, 2026 / Business Wire / Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announces that its wholly owned subsidiary, Triple Flag International Ltd., has entered into an agreement to acquire a gold stream (the “Stream”) on the producing Ravenswood Gold Mine in Queensland, Australia for upfront cash consideration of US$440 million. Unless otherwise indicated, all amounts are expressed in US dollars. “Triple Flag is very pleased to enter into an agreement to acquire a gold stream on the Ravenswood open-pit gold mine in Australia,” commented Sheldon Vanderkooy, CEO. “The Ravenswood stream adds immediate cash flow from a large-scale, long-life operation located in a top-tier mining jurisdiction, and is underpinned by two years of target gold deliveries. The Ravenswood Gold Mine is one of the 10 largest gold mines in Australia by ore reserves, with a long history of continuous operation and historical production of more than 4 million ounces of gold. EMR and GEAR have extensive global mining experience and have invested over A$830 million into the growth and future of the asset, which is expected to produce more than 200,000 ounces of gold per annum at steady state. In-pit and near-mine exploration upside also presents a significant opportunity to extend the mine life at Ravenswood Gold across a large and prospective land package. The Ravenswood gold stream is a cornerstone addition to our substantial Australian presence, which includes Northparkes, Beta Hunt and Fosterville. First delivery under the Ravenswood gold stream will commence in the third quarter of 2026. The portfolio continues to perform strongly, and with the addition of Ravenswood, we have increased our 2030 outlook to 150,000 to 160,000 GEOsi, from 140,000 to 150,000 GEOs.” Key Terms and Transaction Highlights Immediate cash flow and enhanced gold exposure from Queensland’s largest gold mine, underpinned by target gold deliveries for two years With the recent A$830 million investment complete and the asset capitalized to continue its ramp-up, annual production at the Ravenswood Mine is expected to be over 200,000 ounces of gold by 2028. Ravenswood Mine produced 134,000 ounces of gold in 2025. As per the Wood Mackenzie total cash and sustaining capital gold cost curve estimate for 2026ii, the life of mine average co...

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