10 Best Gold Royalty and Small-Cap Gold Stocks to Buy

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

Number of Hedge Fund Investors: 18

Market Capitalization as of December 23: $3.06 Billion

Triple Flag Precious Metals Corp. (NYSE:TFPM) is a leading precious metals royalty and streaming company headquartered in Toronto, Canada. The company has interests in a diversified portfolio of high-quality assets, with a strong focus on gold in Australia, West Africa, and Mexico, along with other metals such as silver, nickel, copper, zinc, and lead.

Triple Flag Precious Metals Corp.’s (NYSE:TFPM) growth strategy is bolstered by its strategic acquisition of Maverix, which added royalties on Camino Rojo, Koné, and Beta Hunt to its portfolio. These assets have demonstrated significant potential, with Orla Mining increasing its production guidance for Camino Rojo and Montage Gold fully permitting and financing the Koné project. Furthermore, the recent exploration success at the Fletcher Zone of Beta Hunt, which is operated by Westgold Resources, can nearly double the current resource base and will allow Triple Flag Precious Metals Corp. (NYSE:TFPM) to benefit from the exploration and development activities of its partners without incurring additional costs.

Triple Flag Precious Metals Corp. (NYSE:TFPM) owns a large portfolio in Latin America. However, the company is aiming to maintain a balanced portfolio outside Latin America and is looking for projects in Australia, a jurisdiction known for its stable regulatory environment and mature mining industry. This geographic diversification aims to mitigate geopolitical risks and ensures a steady stream of revenue from multiple sources.