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 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.
Triple Flag Precious Metals Corp. (TSX:TFPM, NYSE:TFPM) has announced a quarterly dividend of US$0.055 per common share. The dividend will be paid on December 16, 2024, to shareholders of record as of the close of business on November 29, 2024.
Triple Flag Precious Metals Corp. (TSX: TFPM, NYSE: TFPM) reported record revenue of US$73.7 million for Q3 2024, derived from record quarterly metal sales of 29,773 gold equivalent ounces (GEOs). The company remains on track to meet its 2024 GEOs sales guidance of 105,000 to 115,000 ounces.
Key highlights include:
- Gold sales: 19,732 GEOs ($48.8M)
- Silver sales: 9,928 GEOs ($24.6M)
- Other: 113 GEOs ($0.3M)
On August 14, 2024, Triple Flag completed the acquisition of 3% gold streams on Agbaou and Bonikro from Allied Gold The company will release its full Q3 2024 results on November 5, 2024, followed by a conference call and webcast on November 6, 2024.
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.
Triple Flag Precious Metals Corp. (TSX: TFPM, NYSE: TFPM) has successfully completed the acquisition of 3% gold streams on both the Agbaou and Bonikro mines, operated by Allied Gold Corp. The transaction, previously announced, was finalized for a total cash consideration of US$53 million. This strategic move expands Triple Flag's portfolio in the precious metals streaming sector, potentially enhancing its revenue streams and market position. Torys LLP provided legal counsel to Triple Flag throughout the acquisition process.
Triple Flag Precious Metals Corp. (TSX: TFPM, NYSE: TFPM) announced Q2 2024 results and maintained its 2024 sales guidance of 105,000 to 115,000 gold equivalent ounces (GEOs). Key highlights include:
- Revenue: $63.6 million (up from $52.6 million in Q2 2023)
- GEOs sold: 27,192 (up from 26,616 in Q2 2023)
- Operating cash flow: $49.4 million (up from $40.9 million in Q2 2023)
- Adjusted EBITDA: $53.0 million (up from $42.1 million in Q2 2023)
The company increased its quarterly dividend by 5% to $0.055 per share. Management changes were announced, including Sheldon Vanderkooy succeeding Shaun Usmar as CEO in Q4 2024. Triple Flag also provided a long-term outlook, expecting sales of 135,000 to 145,000 GEOs in 2028.
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.
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