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. reports developments for a precious metals streaming and royalty company with common shares listed on the TSX and NYSE under TFPM. Company news centers on gold and silver sales measured in gold equivalent ounces, revenue and cash flow trends, quarterly dividends, and capital deployment into streams and royalties.
Updates also cover portfolio activity across assets primarily in the Americas and Australia, including mining properties such as Northparkes, Cerro Lindo, Fosterville, Buriticá and Impala Bafokeng Operations. Recurring governance items include annual meeting voting results, director elections, auditor appointments and advisory compensation votes.
Triple Flag Precious Metals Corp. (TFPM) reported Q3 2022 results, achieving net earnings of $12.8 million and a revenue of $33.8 million. The company declared a dividend of $0.05 per share, payable on December 15, 2022. Despite the year-over-year decline in GEOs sold, strong asset margins remained at 90% with low cash costs of $165 per GEO. The firm expects full-year GEO sales to be at the lower end of its guidance (88,000-92,000 GEOs). The company also highlights its new listing on the NYSE under the same symbol. Key challenges include lagging silver GEOs due to timing issues.
Triple Flag Precious Metals Corp. reported Q3 2022 revenue of $33.8 million from selling 19,523 gold equivalent ounces (GEOs). Compared to Q3 2021, revenue decreased from $37.1 million while GEO sales dropped from 20,746. Despite expectations for a stronger fourth quarter, the company aims to meet the lower end of its full-year GEO guidance. The average gold price for the quarter was $1,729 per ounce, down from $1,790 in the previous year. A conference call is scheduled for November 8, 2022, to discuss results.