Triple Flag Completes Executive Leadership Transition

Rhea-AI Summary

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.

Positive

• Smooth leadership transition completed
• Experienced internal candidates promoted to key executive positions

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX:TFPM, NYSE:TFPM) is pleased to confirm, further to its announcement on July 23, 2024, the appointment of Sheldon Vanderkooy as Chief Executive Officer and Director, succeeding Shaun Usmar who departs the business effective on September 26, 2024. Further to our announcement on August 7, 2024, the promotion of Eban Bari to Chief Financial Officer and James Dendle to Chief Operating Officer are also effective as of September 26, 2024.

Dawn Whittaker, Chair of Triple Flag Precious Metals, said:

“I am pleased to welcome Sheldon in his new role as Chief Executive Officer and Director of Triple Flag, following a smooth leadership transition period working closely with Shaun. Under Sheldon’s leadership, supported by a talented management team and underpinned by a leading asset base, Triple Flag remains well placed to pursue further growth. On behalf of the Board of Directors, I would like to convey the Board’s heartfelt gratitude to Shaun for his founding leadership of Triple Flag and work in ensuring a seamless transition. We look forward to his many future successes in his new role.”

About Triple Flag Precious Metals

Triple Flag is a pure play, precious-metals-focused streaming and royalty company. We offer bespoke financing solutions to the metals and mining industry with exposure primarily to gold and silver in the Americas and Australia, with a total of 236 assets, including 17 streams and 219 royalties. These investments are tied to mining assets at various stages of the mine life cycle, including 32 producing mines and 204 development and exploration stage projects. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange, under the ticker “TFPM”.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to herein as “forward-looking information”). Forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “believes” or variations of such words and phrases or terminology which states that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. Forward-looking information in this news release includes, but is not limited to, statements with respect to the Company’s future growth and operations. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding possible future events or circumstances.

Forward-looking information is also subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to, those set forth under the caption “Risk Factors” in our most recently filed annual information form, each of which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. In addition, we note that mineral resources that are not mineral reserves do not have demonstrated economic viability and inferred resources are considered too geologically speculative for the application of economic considerations.

Although we have attempted to identify important risk factors that could cause actual results or future events to differ materially from those contained in the forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents our expectations as of the date of this news release and is subject to change after such date. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240926362796/en/

Investor Relations:

David Lee

Vice President, Investor Relations

Tel: +1 (416) 304-9770

Email: ir@tripleflagpm.com

Media:

Gordon Poole, Camarco

Tel: +44 (0) 7730 567 938

Email: tripleflag@camarco.co.uk

Source: Triple Flag Precious Metals Corp.

FAQ

Who is the new CEO of Triple Flag Precious Metals (TFPM)?

Sheldon Vanderkooy has been appointed as the new Chief Executive Officer and Director of Triple Flag Precious Metals (TFPM), effective September 26, 2024.

When did Triple Flag Precious Metals (TFPM) complete its executive leadership transition?

Triple Flag Precious Metals (TFPM) completed its executive leadership transition on September 26, 2024.

Who are the new CFO and COO of Triple Flag Precious Metals (TFPM)?

Eban Bari has been promoted to Chief Financial Officer, and James Dendle to Chief Operating Officer of Triple Flag Precious Metals (TFPM), effective September 26, 2024.

Who did Sheldon Vanderkooy replace as CEO of Triple Flag Precious Metals (TFPM)?

Sheldon Vanderkooy replaced Shaun Usmar as the Chief Executive Officer of Triple Flag Precious Metals (TFPM).