Newmont Amends Triple Flag Stake Filing as of Dec 31, 2023
Ticker: TFPM · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1829726
| Field | Detail |
|---|---|
| Company | Triple Flag Precious Metals Corp. (TFPM) |
| 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: amendment, institutional-ownership, precious-metals, royalty-streaming
TL;DR
**Newmont updated its Triple Flag ownership, watch for strategic moves!**
AI Summary
Newmont Corp. (formerly Newmont Goldcorp Corp.) filed an amended Schedule 13G/A on January 26, 2024, indicating its ownership in Triple Flag Precious Metals Corp. as of December 31, 2023. This filing is an amendment, suggesting a change in their beneficial ownership or reporting status. For investors, this matters because Newmont is a major player in the gold and silver mining industry, and its stake in Triple Flag, a mineral royalty trader, could signal confidence or strategic interest in the royalty and streaming business model, potentially influencing market perception of Triple Flag.
Why It Matters
This filing updates Newmont's reported ownership in Triple Flag, providing transparency on a significant institutional investor's position and potential strategic alignment.
Risk Assessment
Risk Level: low — This is a routine amendment filing, not indicating any immediate high-risk events, but rather a disclosure of ownership status.
Analyst Insight
Investors should monitor future filings from Newmont regarding Triple Flag to understand any shifts in their investment thesis or potential strategic actions, as this amendment alone doesn't provide specific changes in ownership percentage.
Key Players & Entities
- Newmont Corp. (company) — the entity filing the SC 13G/A, reporting its ownership in Triple Flag Precious Metals Corp.
- Triple Flag Precious Metals Corp. (company) — the subject company in which Newmont Corp. holds securities.
- Newmont Canada Corp (company) — a group member associated with the filing entity, Newmont Corp.
- Newmont Canada FN Holdings ULC (company) — a group member associated with the filing entity, Newmont Corp.
- Newmont Holdings ULC (company) — a group member associated with the filing entity, Newmont Corp.
FAQ
What type of filing is this and what does 'A' signify?
This is an SC 13G/A filing. The 'A' signifies that it is an amendment to a previously filed Schedule 13G, meaning there has been a change in the information previously reported by the filer, Newmont Corp.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Newmont Corp. /DE/, with a Central Index Key (CIK) of 0001164727.
What is the subject company of this filing?
The subject company is Triple Flag Precious Metals Corp., identified by CIK 0001829726, whose securities are Common Shares with CUSIP Number 89679M104.
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, as stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c), as indicated by the checked box in the filing.
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