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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 Corp. (TSX: TFPM, NYSE: TFPM) has announced a significant leadership change. Sheldon Vanderkooy will succeed Shaun Usmar as Chief Executive Officer and Director, with the transition expected to be finalized in Q4 2024. Vanderkooy, a founding member of Triple Flag since 2016 and current CFO, brings over 25 years of mining sector experience to his new role.
Under Usmar's leadership, Triple Flag has grown from a startup to the fourth-largest precious metals streaming and royalty company in the sector, with a portfolio of 234 assets and a track record of strong shareholder returns. The company is on track for its eighth consecutive year of record GEO sales and has achieved the second-highest ranking by Sustainalytics in its sector.
Triple Flag Precious Metals announced record revenues of $63.6 million for Q2 2024, reflecting the sale of 27,192 gold equivalent ounces (GEOs). The company remains on track to meet its 2024 GEOs sales guidance of 105,000 to 115,000 ounces with year-to-date sales of 54,986 ounces. CEO Shaun Usmar highlighted growth from the Northparkes mine due to higher gold-grade processing. Triple Flag improved its Sustainalytics ESG Risk Rating, ranking 2nd out of 118 companies in the precious metals industry and 1st in the precious metals mining subindustry. A Q2 2024 results conference call is scheduled for August 8, 2024, at 9:00 a.m. ET.
Triple Flag Precious Metals Corp. (TSX: TFPM, NYSE: TFPM) has published its 2023 Sustainability Report, detailing its sustainability initiatives, governance, and performance. The report underscores major achievements, including the acquisition of Maverix Metals and completion of deals worth nearly $700 million.
Highlights from the report include maintaining carbon neutrality by offsetting all scope 1, 2, and 3 emissions, achieving an inaugural AA rating in the MSCI ESG Ratings assessment, and improving its Sustainalytics ranking to 3rd out of 117 companies in the precious metals sector. Additionally, Triple Flag has committed to a 50% reduction in scope 2 emissions by 2030, supported underrepresented communities with nearly $470,000, and facilitated access to $300,000 in funding for local initiatives through the World Gold Council.
CEO Shaun Usmar emphasized the company's dedication to responsible mining practices, community engagement, and creating value beyond capital provision. The full report is available on the company's website.
Triple Flag Precious Metals Corp. held its Annual and Special Meeting of Shareholders on May 8, 2024, where all nine nominated directors were elected. The voting results showed high percentages of votes in favor of each director, and shareholders also approved the appointment of PricewaterhouseCoopers LLP as the auditor, the equity incentive plan, and the 'Say-on-Pay' advisory resolution. Detailed information on the resolutions can be found in the Company's Management Information Circular dated March 26, 2024.
Triple Flag Precious Metals Corp. (TFPM) has declared a cash dividend of US$0.0525 per common share to be paid on June 14, 2024, to shareholders of record at the close of business on May 31, 2024.
Triple Flag Precious Metals Corp. reported strong Q1 2024 results with revenue of $57.5 million, an increase from Q1 2023. The company declared a dividend of US$0.0525 per share and maintained its sales guidance for 2024. Triple Flag repurchased shares, settled an NSR royalty on the Kensington Gold Mine, and announced positive updates on various assets in its portfolio. Northparkes and Beta Hunt showed significant sales growth, while other assets like Fosterville and Cerro Lindo contributed positively. The PR highlighted ongoing positive developments and expansion plans across multiple regions.
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