Triple Flag Precious Metals Corp. - TFPM STOCK NEWS

Triple Flag Precious Metals Corp. (TSX: TFPM, NYSE: TFPM) reported record revenue of $50.3 million for Q1 2023, driven by 26,599 gold equivalent ounces (GEOs) sold. This performance marks an increase from $37.8 million in Q1 2022, with GEOs sold rising from 20,113 ounces. Breakdown shows gold sales at 14,005 GEOs generating $26.5 million and silver sales at 11,385 GEOs yielding $21.5 million. The average gold price per ounce was $1,890, compared to $1,877 in 2022. The company plans to release detailed Q1 results on May 9, 2023, followed by a conference call on May 10, 2023.

Triple Flag Precious Metals Corp. (TSX:TFPM, NYSE:TFPM) has announced a cash dividend of US$0.05 per common share. This dividend will be paid on March 15, 2023, to shareholders of record at the close of business on March 3, 2023. The company focuses on providing financing solutions in the metals and mining sector, with a primary concentration on gold and silver, managing a portfolio of 229 assets, including 15 streams and 214 royalties. These assets span various stages of the mining lifecycle, encompassing 29 producing mines and 200 projects in development and exploration.

Triple Flag Precious Metals Corp. (TFPM) announced its fourth quarter and full-year 2022 results, highlighting solid performance with record gold equivalent ounces (GEOs) sales of 84.6 koz. The company declared a dividend of US$0.05 per share, payable on March 15, 2023. Key achievements include a successful acquisition of Maverix Metals for $606 million, projected annual synergies of $7 million, and strong ESG ratings, ranking 4th among precious metals companies. Despite a slight decline in operating cash flow, net earnings rose 21% to $55.1 million. For 2023, the company expects GEO sales between 100,000 to 115,000, reflecting an optimistic growth outlook.

Triple Flag Precious Metals Corp. has successfully completed the acquisition of Maverix Metals Inc. through a plan of arrangement under the Canada Business Corporations Act. The transaction involved issuing 45.1 million shares and paying US$86.7 million to Maverix shareholders. Post-acquisition, Triple Flag shareholders will hold approximately 78% of the combined entity. Maverix's shares will be delisted from relevant exchanges. This acquisition positions Triple Flag as the fourth-largest senior streaming and royalty company, enhancing its portfolio with 148 royalties and streams, boosting NAV and cash flow, and expanding its presence in mining-friendly jurisdictions.

Triple Flag Precious Metals Corp. has successfully acquired Maverix Metals Inc. through a plan of arrangement under the Canada Business Corporations Act. This transaction involves the issuance of 45.1 million common shares and a cash payment of US$86.7 million to Maverix shareholders. Following the acquisition, Maverix's shares will be delisted from the Toronto Stock Exchange and NYSE American. The combined entity will enhance Triple Flag's portfolio, making it the fourth-largest senior streaming and royalty company, with increased net asset value and diversification. Shaun Usmar, CEO, expressed strong support from Maverix shareholders, with 98.4% approving the deal.

Triple Flag Precious Metals Corp. (NYSE: TFPM) has confirmed that Maverix Metals Inc.'s acquisition was supported by 98.378% of Maverix shareholders during a recent special meeting. The Canadian Competition Bureau has issued a 'no action' letter, clearing the acquisition under Canadian law. The arrangement awaits final approval from the Ontario Superior Court of Justice, with an expected closing by the end of January. Post-transaction, Maverix shareholders are set to receive their chosen form of compensation, subject to proration.

Triple Flag Precious Metals Corp. (NYSE:TFPM) reported record revenues of approximately $43.9 million in Q4 2022 and $151.9 million for full-year 2022, marking a 23% and a 1% year-over-year growth, respectively. With total sales of 25,428 gold equivalent ounces (GEOs) in Q4 and 84,571 GEOs annually, these figures represent the sixth consecutive annual record. However, the company faced non-operational delays causing a reduction of over 3,850 GEO sales against its annual guidance. The results remain subject to final approvals and audits.

Triple Flag Precious Metals Corp. (NYSE:TFPM) has acquired up to a 2.5% net smelter returns royalty on the Thunder Bay North Project in Northern Ontario from Clean Air Metals Inc. for a total of C$15 million. The acquisition is structured in two tranches, with C$10 million due on the effective date and C$5 million within 90 days. This project focuses on platinum, palladium, copper, and nickel, boasting robust project economics and significant exploration potential. Clean Air Metals has options to reduce the royalty and has established agreements with local First Nations.