Triple Flag announces US$250 million silver stream on Milpo's Cerro Lindo mine

On December 20, 2016, Triple Flag announced a silver stream agreement between that Triple Flag Mining Finance Bermuda Ltd. ("Triple Flag Bermuda") and Milpo UK Limited ("Milpo UK"), a subsidiary of Compañía Minera Milpo S.A.A. ("Milpo"), in relation to silver production from Cerro Lindo, a poly-metallic zinc mine in Peru fully owned by Milpo. Triple Flag Bermuda will make an upfront payment of US$250 million to Milpo UK and will pay 10% of the spot silver price at the time of delivery for each ounce of silver delivered under the agreement.

Milpo is a Peruvian mining company dedicated to the exploration, extraction, processing and marketing of zinc, copper and lead concentrates, with silver and gold content, and it is currently one of the main polymetallic producers in Peru.

Triple Flag primarily targets streaming and royalty investments in the mining sector with backing by Elliott Management Corporation, an experienced global investment firm with more than US$30 billion of assets under management.

Further information can be found on Marketwired's website.