10 Best Canadian Dividend Stocks to Buy for the Next 5 Years

8. Triple Flag Precious Metals Corp. (NYSE:TFPM)

Number of Hedge Fund Holders: 26

On June 15, BofA lowered its price recommendation on Triple Flag Precious Metals Corp. (NYSE:TFPM) to $39 from $40. It reiterated a Buy rating on the stock. The analyst said the company’s newly announced gold stream on the long-life Ravenswood mine is expected to add about 11,000 ounces of annual gold production.

On June 12, Triple Flag announced that its wholly owned subsidiary, Triple Flag International Ltd., had agreed to acquire a gold stream on the producing Ravenswood Gold Mine in Queensland, Australia. The deal includes an upfront cash payment of $440 million. Unless otherwise indicated, all amounts are expressed in US dollars.

The company said the transaction is expected to provide immediate cash flow and increase its exposure to gold production from Queensland’s largest gold mine. It is supported by target gold deliveries over the next two years. Following the completion of a recent A$830 million investment, the Ravenswood Mine has been capitalized to continue its ramp-up. Annual gold production is expected to exceed 200,000 ounces by 2028. The mine produced 134,000 ounces of gold in 2025.

According to the Wood Mackenzie total cash and sustaining capital gold cost curve estimate for 2026, the Ravenswood Mine’s life-of-mine average cost ranks in the first half of the industry cost curve.

Triple Flag Precious Metals Corp. (NYSE:TFPM) is a precious metals streaming and royalty company. It provides investors with exposure to gold and silver through a portfolio of 237 assets, including 17 streams and 220 royalties, primarily located in the Americas and Australia.