Welcome to our dedicated page for Triple Flag Prec news (Ticker: TFPM), a resource for investors and traders seeking the latest updates and insights on Triple Flag Prec stock.
Triple Flag Precious Metals Corp (TFPM:NYSE) provides investors with streamlined access to critical updates through its streaming and royalty business model in the precious metals sector. This dedicated news hub aggregates official press releases, financial announcements, and market analyses, offering a centralized resource for tracking the company's strategic developments.
Users gain immediate visibility into TFPM's operational milestones including quarterly earnings reports, asset acquisitions, and partnership agreements with global mining operators. The curated selection enables efficient monitoring of revenue-generating activities across its diversified portfolio spanning Australia, Peru, and other key mining regions.
This repository serves investors seeking to understand TFPM's risk-mitigated approach through streaming contracts and royalty arrangements. Content is organized to highlight material events affecting cash flow stability, portfolio expansion, and commodity price exposure management – all vital for assessing the company's performance without direct mining operational risks.
Bookmark this page for real-time updates on TFPM's financial positioning and strategic initiatives. Regularly updated content ensures stakeholders maintain informed perspectives on one of the precious metals sector's leading alternative financing providers.
Triple Flag Precious Metals (TSX: TFPM, NYSE: TFPM) has secured amendments to its undrawn revolving credit facility, expanding it to $700 million with an additional uncommitted accordion of up to $300 million, totaling $1 billion in available liquidity. This marks an increase from the previous facility of $500 million with a $200 million accordion.
The amended facility features improved terms, including reduced interest rate spreads of SOFR plus 1.45% to 2.75% per annum, with the lower end decreased by 30 basis points. The facility has a four-year term, maturing in April 2029. The syndicate includes major banks such as National Bank of Canada, Bank of Nova Scotia, and Canadian Imperial Bank of Commerce as joint leaders.
Triple Flag Precious Metals (TSX/NYSE: TFPM) has announced a definitive agreement to acquire Orogen Royalties in a transaction valued at approximately C$421 million (C$2.00 per share). The deal structure includes C$171.5M in cash, C$171.5M in Triple Flag shares, and shares in a new company (Orogen Spinco) valued at C$78M.
The key asset being acquired is a 1.0% NSR royalty on the Expanded Silicon gold project in Nevada, operated by AngloGold Ashanti. The project represents North America's largest new gold discovery, with current resources including 12.1M ounces at Merlin and 4.2M ounces at Silicon.
Orogen shareholders will receive either C$1.63 in cash or 0.05355 Triple Flag shares per Orogen share, plus 0.25 shares in Orogen Spinco. The deal represents a 38% premium based on closing prices as of April 17, 2025. Triple Flag will separately invest C$10M in Orogen Spinco for an 11% stake.
Triple Flag Precious Metals (TSX: TFPM, NYSE: TFPM) reported record revenue of US$82.2 million in Q1 2025, derived from sales of 28,761 gold equivalent ounces (GEOs). The quarterly performance breakdown shows 21,944 GEOs of gold sales generating $62.7 million and 6,817 GEOs of silver contributing $19.5 million.
The company remains on track to meet its 2025 GEOs guidance of 105,000 to 115,000 ounces. CEO Sheldon Vanderkooy highlighted the completion of acquisitions in the Arcata, Azuca, and Tres Quebradas assets, which are expected to provide near-term cash flow from long-life operations in the Americas with significant exploration potential.
Triple Flag Precious Metals (TSX: TFPM, NYSE: TFPM) has acquired 5% silver and gold streams on the Arcata and Azuca mines in Peru from Sierra Sun Precious Metals for $35 million. Key highlights:
The streams include ongoing payments of 10% of spot prices for delivered ounces, with no step-downs. The mines are expected to have a minimum 10-year life, targeting 5-6 thousand GEOs annually by 2028. Arcata, the core value driver, is set to restart production in H2 2025, while Azuca is expected to begin by end-2029.
Resource estimates as of December 2023:
- Arcata: 2.14M tonnes Measured & Indicated at 523 g/t AgEq (35.9M oz AgEq), plus 3.53M tonnes Inferred at 465 g/t AgEq (52.8M oz AgEq)
- Azuca: 7.05M tonnes Measured & Indicated at 246 g/t AgEq (55.7M oz AgEq), plus 6.95M tonnes Inferred at 237 g/t AgEq (52.9M oz AgEq)
Triple Flag Precious Metals announced record results for 2024, marking its 8th consecutive year of record GEOs and driving a nearly 40% year-over-year increase in operating cash flow per share. The company delivered in the upper half of its GEOs guidance for 2024.
Key highlights include the agreement to acquire the Tres Quebradas royalty for $28 million, providing exposure to a large lithium project operated by Zijin. The company maintains a strong organic growth profile targeting 135,000 to 145,000 GEOs in 2029, supported by a progressive dividend policy and nearly $740 million in available liquidity for new deals.
For 2025, Triple Flag expects stream sales and royalty revenue of 105,000 to 115,000 GEOs. The company renewed its normal course issuer bid, authorizing the purchase of up to 10,071,642 common shares. Triple Flag also achieved the top ESG Risk Rating by Sustainalytics within the precious metals industry, ranking 39th out of more than 15,000 companies globally.
Triple Flag Precious Metals (TSX:TFPM, NYSE:TFPM) has announced its Board of Directors has approved a quarterly cash dividend of US$0.055 per common share. The dividend will be paid on March 14, 2025, to shareholders of record as of the close of business on March 3, 2025.
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.
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