The Salares Norte gold project is located in the Atacama region of northern Chile. (Image courtesy of Gold Fields Chile.)
Triple Flag Precious Metals (TSX: TFPM) announced Friday the acquisition of three pre-existing royalties on properties located near Gold Fields Ltd.’s Salares Norte project in Chile. Total consideration for the royalties was $4.9 million.
The royalties, which comprise 2% net smelter returns on each of the Aster 2, Aster 3 and Helada properties, were previously held by a private third party. These properties cover prospective exploration ground that Gold Fields has been exploring.
