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Triple Flag Precious Metals Corp. (TFPM) is a prominent precious-metals-focused streaming and royalty company. Established with a clear vision to provide investors with a reliable and diverse portfolio of high-quality precious metal streams and royalties, Triple Flag has operations spanning multiple continents. The company’s revenue is derived from a variety of prestigious mining projects located in countries such as Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, and the United States.
Triple Flag's core business involves the acquisition of precious metal streams and royalties, a model that offers a stable and scalable financial profile. These streams and royalties provide the company with the right to a percentage of production from mining operations at favorable fixed prices, which allows Triple Flag to benefit from the profitability and expansion of these projects without assuming the operational risks typically associated with mining operations.
Recent achievements for Triple Flag include the successful acquisition of new royalty assets and enhancing existing operations to optimize revenue generation. The company is actively involved in several key projects, focusing on gold, silver, and other precious metals that are essential for a diverse investment portfolio. Their strategic partnerships with leading mining operators strengthen their position in the market and ensure consistent growth.
Triple Flag is well-regarded for its financial discipline and robust balance sheet, underscoring its ability to deliver long-term value to its shareholders. The company maintains a clear commitment to sustainable practices, aligning its operations with high environmental, social, and governance standards.
Overall, Triple Flag Precious Metals Corp. stands out as a reliable investment in the precious metals sector, capitalizing on its extensive portfolio, strategic acquisitions, and robust financial health to offer investors significant growth potential and stability.
Triple Flag Precious Metals (TSX: TFPM, NYSE: TFPM) reported Q4 2024 revenue of $74.2 million and annual revenue of $269.0 million, with metal sales of 27,864 gold equivalent ounces (GEOs) for Q4 and 112,623 GEOs for full year 2024.
The company achieved its eighth consecutive annual GEOs sales record, representing a ~20% compound annual growth rate since 2017. Performance was driven by higher gold grades at Northparkes and strong silver deliveries from Cerro Lindo. Revenue increased over 30% year-over-year while reducing outstanding shares.
For FY2024, gold sales were 70,774 GEOs ($169.0M), silver sales were 40,862 GEOs ($97.7M), and other metals contributed 987 GEOs ($2.3M). Q4 2024 saw gold sales of 17,272 GEOs ($46.0M), silver sales of 10,381 GEOs ($27.6M), and other metals at 211 GEOs ($0.6M).
Triple Flag Precious Metals (TSX: TFPM, NYSE: TFPM) has announced an agreement to acquire a 0.5% gross overriding revenue (GOR) royalty on the Tres Quebradas lithium project from Lithium Royalty Corp. for US$28 million. The project, located in Catamarca, Argentina, is owned and operated by Zijin Mining Group.
The Phase 1 development targets 20,000 tonnes annual production of battery-grade lithium carbonate, with expected royalty revenue starting in H2 2025. Triple Flag anticipates a steady-state of approximately 1,000 gold equivalent ounces per year after a three-year ramp-up. The project has Proven and Probable Reserves of 1.67 million tonnes LCE and significant resource upside. Zijin is considering a Phase 2 expansion to 40,000-60,000 tonnes annual production.
Triple Flag Precious Metals (TSX:TFPM, NYSE:TFPM) has received TSX approval to renew its normal course issuer bid (NCIB). The company is authorized to purchase up to 10,071,642 common shares (5% of outstanding shares) between November 15, 2024, and November 14, 2025. Under the previous NCIB, Triple Flag repurchased 582,800 shares: 575,500 shares on TSX (avg. C$18.27/share) and 7,300 shares on NYSE (avg. US$13.51/share). The company has implemented an automatic share purchase plan (ASPP) effective January 1, 2025, allowing purchases during blackout periods.
Triple Flag Precious Metals reported record Q3 2024 results with revenue of $73.7 million, up from $49.4 million in Q3 2023. The company achieved record Gold Equivalent Ounces (GEOs) sales of 29,773, compared to 25,629 in Q3 2023. Net earnings were $29.6 million, a significant improvement from a $6.0 million loss in Q3 2023. Operating cash flow increased to $61.8 million from $36.8 million year-over-year. The company maintained its 2024 guidance of 105,000 to 115,000 GEOs and declared a quarterly dividend of US$0.055 per share. Triple Flag was added to the S&P/TSX Composite Index in September 2024.
Triple Flag Precious Metals Corp. (TSX:TFPM, NYSE:TFPM) has announced a quarterly dividend of US$0.055 per common share. The dividend will be paid on December 16, 2024, to shareholders of record as of the close of business on November 29, 2024.
Triple Flag Precious Metals Corp. (TSX: TFPM, NYSE: TFPM) reported record revenue of US$73.7 million for Q3 2024, derived from record quarterly metal sales of 29,773 gold equivalent ounces (GEOs). The company remains on track to meet its 2024 GEOs sales guidance of 105,000 to 115,000 ounces.
Key highlights include:
- Gold sales: 19,732 GEOs ($48.8M)
- Silver sales: 9,928 GEOs ($24.6M)
- Other: 113 GEOs ($0.3M)
On August 14, 2024, Triple Flag completed the acquisition of 3% gold streams on Agbaou and Bonikro from Allied Gold The company will release its full Q3 2024 results on November 5, 2024, followed by a conference call and webcast on November 6, 2024.
Triple Flag Precious Metals Corp. (TSX:TFPM, NYSE:TFPM) has completed its executive leadership transition. As of September 26, 2024, Sheldon Vanderkooy has been appointed as the new Chief Executive Officer and Director, succeeding Shaun Usmar. Additionally, Eban Bari has been promoted to Chief Financial Officer, and James Dendle to Chief Operating Officer.
Dawn Whittaker, Chair of Triple Flag Precious Metals, expressed confidence in Sheldon's leadership and the company's ability to pursue further growth. She also thanked Shaun Usmar for his founding leadership and efforts in ensuring a smooth transition.
Triple Flag Precious Metals Corp. (TSX: TFPM, NYSE: TFPM) has successfully completed the acquisition of 3% gold streams on both the Agbaou and Bonikro mines, operated by Allied Gold Corp. The transaction, previously announced, was finalized for a total cash consideration of US$53 million. This strategic move expands Triple Flag's portfolio in the precious metals streaming sector, potentially enhancing its revenue streams and market position. Torys LLP provided legal counsel to Triple Flag throughout the acquisition process.
Triple Flag Precious Metals Corp. (TSX: TFPM, NYSE: TFPM) announced Q2 2024 results and maintained its 2024 sales guidance of 105,000 to 115,000 gold equivalent ounces (GEOs). Key highlights include:
- Revenue: $63.6 million (up from $52.6 million in Q2 2023)
- GEOs sold: 27,192 (up from 26,616 in Q2 2023)
- Operating cash flow: $49.4 million (up from $40.9 million in Q2 2023)
- Adjusted EBITDA: $53.0 million (up from $42.1 million in Q2 2023)
The company increased its quarterly dividend by 5% to $0.055 per share. Management changes were announced, including Sheldon Vanderkooy succeeding Shaun Usmar as CEO in Q4 2024. Triple Flag also provided a long-term outlook, expecting sales of 135,000 to 145,000 GEOs in 2028.
Triple Flag Precious Metals Corp. (TSX:TFPM, NYSE:TFPM) has announced a 5% increase in its quarterly dividend. The company's Board of Directors has approved a cash dividend of US$0.055 per common share, payable on September 16, 2024, to shareholders of record as of August 30, 2024. This increase brings Triple Flag's forward annualized dividend to $0.22 per common share, up from the previous $0.21. Notably, this marks the third consecutive annual dividend increase since the company's initial public offering in May 2021, demonstrating a consistent pattern of shareholder value enhancement.
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