Triple Flag Precious Metals Corp

TFPM

Equity

ISIN null / Valor 50942921

Toronto Stock Exchange (2026-05-29)

CAD 44.34+4.95%

Triple Flag Precious Metals Corp
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About company

Triple Flag Precious Metals Corp is a publicly traded streaming and royalty company that provides upfront financing to precious-metals producers and developers in exchange for long‑term rights to purchase a portion of future metal production at fixed or capped prices. By acquiring and structuring royalties and streaming agreements across gold and silver assets at various stages of the mine lifecycle and in multiple jurisdictions, the company aims to generate cash flows linked to metal output rather than operating mines, grow its portfolio through negotiated transactions, and offer investors exposure to precious metals with a business model that separates financing risk from direct operating risk.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Key financials

Q1 2026 revenue $147.0 million; GEOs 30,166. Net earnings $116.9 million (US$0.57/sh), adjusted net earnings $92.7 million (US$0.45/sh). Operating cash flow $113.3 million (US$0.55/sh). Adjusted EBITDA $128.6 million. Asset margin 93% (unchanged year‑over‑year).

Shareholder returns & liquidity

Quarterly dividend declared: US$0.0575 per common share payable June 15, 2026 (record date June 1, 2026). NCIB renewed (authorization to repurchase up to 10,328,075 shares); Q1 buybacks: 26,459 shares for ~$1.0 million. Company reports >$1.1 billion of available liquidity.

Guidance and outlook

Triple Flag reaffirmed 2026 GEOs guidance of 95,000–105,000 ounces and its 2030 outlook of 140,000–150,000 ounces, citing strong cash generation and portfolio performance to support delivery.

Strategic transactions and portfolio growth

Entered an agreement with Evolution to fund US$84.3 million in Q4 2026 to develop the E44 gold deposit at Northparkes; Triple Flag International entitled to purchase 20% of payable gold and 30% of payable silver from E44 at 10% of spot price, with guaranteed minimum deliveries (45,052 oz Au and 446,200 oz Ag for 2030–2037). Completed acquisition of a 3.0% gross revenue royalty on the Gunnison copper project (Arizona) for $23 million.

Top asset contributors (Q1 2026)

Notable Q1 GEO contributions: Cerro Lindo 8,053 GEOs; Northparkes 6,708 GEOs; Beta Hunt 1,364 GEOs; Buriticá 1,435 GEOs; Fosterville 704 GEOs. Triple Flag’s portfolio totals 240 assets (16 streams, 224 royalties) including 34 producing mines.

Operational catalysts and development updates

Northparkes: E22 block cave first cut completed and a mill expansion study targeting ~10 Mtpa is underway. Beta Hunt and Higginsville mill expansion progressing. Hope Bay technical evaluation and potential construction decision expected in May 2026. Gunnison PEA and PfE timelines noted (first copper targeted in 2031 subject to approvals and financing).

Non‑IFRS measures and reconciliations

The release uses adjusted net earnings, adjusted EBITDA and asset margin (defined as gross profit plus depletion and non‑cash prepaid costs divided by revenue); reconciliations to IFRS measures are provided in the press release.

Summarized from source with an LLMView Source

Key figures

47.8%1Y

141%3Y

186%5Y

Performance

41.9%1Y

34.1%3Y

36.5%5Y

Volatility