05:33 PM EDT, 07/09/2025 (MT Newswires) -- Triple Flag Precious Metals ( TFPM ) said Wednesday it completed the acquisition of all issued and outstanding shares of Orogen Royalties.

The deal also included Orogen's 1.0% net smelter returns royalty on the Arthur gold project in Nevada.

Triple Flag paid CA$171.5 million ($125.3 million) in cash and issued about 5.6 million shares to Orogen's shareholders, who also received 0.25 shares of a newly created company, Orogen Spinco, for each share owned.

The company said it invested CA$10 million for an 11% stake in Orogen Spinco, acquiring roughly 6.8 million shares at CA$1.48 each.