The announcement comes amid a broader push by the company to reduce water consumption, recycle industrial waste and scale back carbon dioxide emissions by 2030.
Led by former Barrick Gold Corp executive Shaun Usmar, Triple Flag provides up-front financing to miners in exchange for a share of future revenue or production.
Billionaire mining tycoons said the UK’s fraud prosecutor colluded with their own “bullying” lawyer to leak confidential information and manufacture grounds for a criminal probe that’s dragged on for almost a decade.
With rising production and technological improvements, batteries are becoming cheaper to produce, making EVs increasingly competitive with gas-powered cars.
Mines in Australia and Ecuador have made available for sale around $93.50 million worth of gold at current prices, discounted to $80 million, on the Digital Metal Exchange (DMX).
Soaring global gold prices over the past year have seen earning by gold firms surge, but the companies have argued that above-inflation increases are unrealistic.