Triple Flag buys gold stream on Ravenswood mine for $440M

The article reports a major bullish move in precious metals, led by silver futures surging 7.47% to $75.495/oz and gold futures rising 3.84% to $4,713.3/oz. It also shows broad strength across platinum, palladium, and copper, while crude oil benchmarks fell sharply and natural gas was little changed. The standout market news is Triple Flag Precious Metals’ $440 million acquisition of a gold stream on the Ravenswood mine in Australia. The deal should add about 100,000 ounces to Triple Flag’s end-of-decade outlook, with first deliveries expected in Q3 this year through Q2 2028. The company’s shares gained 4.5% on the announcement. Overall, the piece highlights strong investor interest in gold exposure and streaming assets, supported by elevated gold prices and improved production outlooks.