Billionaire Paul Singer’s hedge fund holds a $4.6 billion position in TFPM, citing low-risk exposure to gold and metals royalties.
Elliott Management has accumulated a $4,625,045,543 stake in Triple Flag Precious Metals Corp. (NYSE:TFPM), making it the firm’s top mining pick. The company avoids direct drilling risks by financing projects and earning royalties or streams, benefiting from exploration success without operational costs.
TFPM’s portfolio includes over 230 assets across gold, silver, copper, and base metals, with 40% exposure to North America and Australia. Gold comprises the largest share, while diversification mitigates single-project risk. The firm holds $1 billion in cash for potential acquisitions.
A key catalyst is the May 2026 construction decision at the Hope Bay project, which could further bolster TFPM’s growth prospects.