TORONTO, Aug. 14, 2024 /CNW/ – Allied Gold Corporation (TSX: AAUC) (“Allied” or the “Company”) is pleased to announce the closing of its previously announced streaming transaction (the “Stream Transaction”) with Triple Flag International Ltd., a wholly-owned subsidiary of Triple Flag Precious Metals Corp. (collectively, “Triple Flag”).
Under the terms of the Stream Transaction, Allied has received a US$53 million upfront cash payment (the “Advance Amount”) and will receive ongoing payments equal to 10% of the spot gold price for a portion of its production. Triple Flag will have the right to purchase 3% of the payable gold related to production at each of the Agbaou and Bonikro mines, subject to a step-down to 2% after set delivery thresholds.
The closing of this transaction crystallizes significant value in Allied’s Côte d’Ivoire Complex (“CDI Complex”) and provides the financial flexibility to advance exploration, growth, and…
