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 Corp. (TSX:TFPM, NYSE:TFPM) has announced a 5% increase in its quarterly dividend. The company's Board of Directors has approved a cash dividend of US$0.055 per common share, payable on September 16, 2024, to shareholders of record as of August 30, 2024. This increase brings Triple Flag's forward annualized dividend to $0.22 per common share, up from the previous $0.21. Notably, this marks the third consecutive annual dividend increase since the company's initial public offering in May 2021, demonstrating a consistent pattern of shareholder value enhancement.
Triple Flag Precious Metals Corp. (TSX: TFPM, NYSE: TFPM) has announced the acquisition of 3% gold streams on Allied Gold Corp.'s Agbaou and Bonikro mines for $53 million. The deal adds immediate cash flow from two producing assets in Côte d'Ivoire. Key terms include:
- 3% of payable gold from each mine, stepping down to 2% after specific delivery thresholds
- Ongoing payments of 10% of spot gold price for each ounce delivered
- Minimum delivery periods from 2024 to 2027
- Expected closing by late August 2024
The combined mines target 180-200 thousand ounces annual production with a >10-year mine life. Agbaou's 2024 guidance is 85-95 thousand ounces, while Bonikro's is 95-105 thousand ounces. The deal leverages Allied's exploration success and Triple Flag sees significant upside potential for reserve and resource growth.
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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