Newmont Amends Triple Flag Precious Metals Stake as of Dec 31, 2023
Ticker: NEMCL · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1164727
| Field | Detail |
|---|---|
| Company | Newmont Corp /De/ (NEMCL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 7 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: beneficial-ownership, institutional-holding, amendment
TL;DR
**Newmont updated its Triple Flag Precious Metals stake; watch for potential market reaction.**
AI Summary
Newmont Corp /DE/ (NEM) filed an amended Schedule 13G/A on January 26, 2024, indicating a change in its beneficial ownership of Triple Flag Precious Metals Corp. (TFPM) common shares as of December 31, 2023. This filing shows Newmont's continued significant, but potentially adjusted, stake in Triple Flag, which is important for investors as Newmont is a major player in the gold and silver mining industry and its holdings can influence market perception and liquidity for Triple Flag Precious Metals Corp.
Why It Matters
This filing updates Newmont's ownership in Triple Flag Precious Metals, providing transparency on a major institutional investor's position, which can impact Triple Flag's stock price and investor confidence.
Risk Assessment
Risk Level: low — This is a routine amendment to a beneficial ownership report, indicating a change in holdings rather than a new, unexpected event.
Analyst Insight
Investors in Triple Flag Precious Metals Corp. should monitor subsequent 13G/A filings from Newmont Corp for further changes in ownership, as significant buying or selling could influence the stock's performance.
Key Players & Entities
- Newmont Corp /DE/ (company) — the reporting person filing the SC 13G/A
- Triple Flag Precious Metals Corp. (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Newmont Corp will continue to hold a significant stake in Triple Flag Precious Metals Corp. throughout 2024. (Newmont Corp /DE/) — medium confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The Reporting Person is NEWMONT Corp /DE/, with a Central Index Key (CIK) of 0001164727.
What is the 'Subject Company' or 'Issuer' of the securities?
The Subject Company, or Issuer, is Triple Flag Precious Metals Corp., with a Central Index Key (CIK) of 0001829726.
What is the 'Title of Class of Securities' being reported?
The Title of Class of Securities is 'Common Shares' of Triple Flag Precious Metals Corp.
What was the 'Date of Event which Requires Filing of this Statement'?
The Date of Event which Requires Filing of this Statement was December 31, 2023.
Filing Stats: 1,635 words · 7 min read · ~5 pages · Grade level 8.2 · Accepted 2024-01-26 16:19:22
Filing Documents
- tm244109d1_sc13g.htm (SC 13G/A) — 111KB
- 0001104659-24-007274.txt ( ) — 113KB
(a)
Item 1(a). Name of Issuer: TRIPLE FLAG PRECIOUS METALS CORP.
(b)
Item 1(b). Address of Issuer’s Principal Executive Offices: TD Canada Trust Tower 161 Bay Street, Suite 4535 Toronto, Ontario, Canada M5J 2S1
(a)
Item 2(a). Name of Person Filing: Newmont Corporation Newmont Holdings ULC Newmont Canada FN Holdings ULC Newmont Canada Corporation
(b)
Item 2(b). Address of Principal Business Office or, if none, Residence: 6900 E LAYTON AVE SUITE 700 DENVER CO 80237
(c)
Item 2(c). Citizenship: Newmont Corporation - Delaware Newmont Holdings ULC - Canada Newmont Canada FN Holdings ULC - Canada Newmont Canada Corporation - Canada
(d)
Item 2(d). Title of Class of Securities: Common Shares
(e)
Item 2(e). CUSIP No.: 89679M104 Item 3. If this (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-l(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(K). (k) Group, in accordance with § 240.13d-l(b)(1)(ii)(J). CUSIP No. 89679M104 13G Page 7 of 10 Pages Item 4. (a) Amount beneficially owned: Newmont Corporation - 0 Newmont Holdings ULC - 0 Newmont Canada FN Holdings ULC - 0 Newmont Canada Corporation - 0 (b) Percent of class: Newmont Corporation - 0.0% Newmont Holdings ULC - 0.0% Newmont Canada FN Holdings ULC - 0.0% Newmont Canada Corporation - 0.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: Newmont Corporation – 0 Newmont Holdings ULC - 0 Newmont Canada FN Holdings ULC - 0 Newmont Canada Corporation - 0 (ii) Shared power to vote or to direct the vote: Newmont Corporation - 0 Newmont Holdings ULC - 0 Newmont Canada FN Holdings ULC - 0 Newmont Canada Cor