Rebaza, Alcázar & De Las Casas advises Triple Flag on precious metals streaming deal in Peru
Rebaza, Alcázar & De Las Casas in Lima and Torys in Toronto advised Triple Flag Precious Metals Corp. on its US$35 million acquisition of a 5% silver and gold streaming interest from the Arcata and Azuca mines in Peru, operated by Sierra Sun Group. The transaction, announced in March 2025, marks a significant step in Triple Flag’s expansion in the Latin American mining sector.
The Arcata mine, located in Arequipa, was previously operated by Hochschild Mining before being placed under care and maintenance in 2019. Sierra Sun Group, the current operator, plans to restart production and expand operations at the site.
Meanwhile, the Azuca project in Abancay remains an exploration-stage gold asset with significant potential for future development.
Triple Flag, a leader in mining streaming and royalties, continues to grow its portfolio across Latin America with this latest investment. For Sierra Sun Group, which also operates the Antapite and Sumaq Rumi mines (not included in this deal), the transaction represents a milestone in its efforts to strengthen its mining business in Peru.
The advisors for this transaction were led by multiple law firms. From Torys, partners Carly Klinkhoff and Michael Pickersgill directed the deal along with senior associate Jacob Weinstock, and associate Madeleine Beaudry.
Rebaza, Alcázar & De Las Casas’ partners were Luis Miguel Elías and Roberto Polo, senior associates Fiorella Wismann and Aldely Arce, and associates Alicia La Cruz, Sebastián Scarneo, and Daniella Muñoz.
Cuatrecasas Perú advised Sierra Sun Group, with partners Ina María Drago and Juan Pablo Porto, and associates Milagros Cacho and Santiago Ramírez.
