Examples of Triple Flag in a sentence
The contract will be settled by RBPlat delivering gold credits to Triple Flag, representing the underlying refined gold which has been mined.
The deferred revenue will be recognised as revenue in profit or loss as the gold ounces are delivered to Triple Flag relative to the expected total amount of gold ounces to be delivered over the term of the arrangement.
As the contract is long term in nature and RBPlat received a portion of the consideration from Triple Flag at inception of the contract, it has been determined that the contract contains a significant financing component under IFRS 15.
I have reviewed the interim financial statements and interim MD&A (together, the “interim filings”) of Triple Flag Precious Metals Corp.
RBPlat’s management identified a significant financing component related to the streaming arrangement resulting from the difference in the timing of the advance consideration received and the transfer of control of the promised gold to Triple Flag.
It has been determined that the contract is not a financial instrument because the contract will be settled by RBPlat delivering gold credits to Triple Flag, representing the underlying refined gold which has been mined, rather than cash or financial assets.
RBPlat entered into a gold streaming agreement through its wholly owned subsidiary, RBR, with Triple Flag Mining Finance Bermuda Limited (Triple Flag).
One gold credit is equivalent to one ounce of gold.In terms of this agreement, 70% of the payable gold will be delivered to Triple Flag until 261 000 ounces have been delivered, thereafter, 42% of the payable gold will be delivered to Triple Flag over the LOM.
The following table shows a continuity of the Company's long-term investment, classified as financial assets measured at FVTOCI and equity investees:Investment in Maverix:On January 19, 2023, Triple Flag Precious Metals Corp.
On May 16, 2018, Triple Flag entered into a silver purchase and sale agreement in relation to silver production from the Kemess project.