Triple Flag wins approval for up to 5% share buyback
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Rhea-AI Filing Summary
Triple Flag Precious Metals Corp. (TFPM) received TSX acceptance to renew its normal course issuer bid, authorizing purchases of up to 10,284,273 common shares, representing 5% of its 205,685,460 shares issued and outstanding as of November 3, 2026. The bid runs from November 17, 2026, through November 16, 2027. TSX purchases are limited to 46,321 shares per day, except for block purchases under TSX rules.
Triple Flag may suspend or discontinue repurchases at any time and is not obligated to buy shares. All shares repurchased will be cancelled. Under the current bid, which expires November 16, 2026, Triple Flag repurchased 1,280,139 shares: 1,236,159 through the TSX and alternative trading systems for approximately C$56 million at a weighted average cost of C$45.59 per share, and 43,980 through the NYSE for approximately US$1.4 million at a weighted average cost of US$30.91 per share.
Filing Explained
Under the renewed bid, an automatic share purchase plan provides a route for blackout-period buying: Triple Flag may instruct its broker beforehand, but need not; if instructed, the broker chooses purchases within preset parameters, while management retains discretion outside blackout periods.
Key Figures
Key Terms
normal course issuer bid financial
block purchase exception regulatory
Rule 10b-18 regulatory
issuer bid exemption order regulatory
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What is the daily purchase limit for TFPM's renewed NCIB?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2026
Commission File Number: 001-41484
TRIPLE FLAG PRECIOUS METALS CORP.
(Translation of the registrant’s name into English)
TD Place, 161 Bay Street, Suite 4535, Toronto, Ontario, Canada M5J 2S1
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ¨ Form 40-F x
The following document, which is attached as an exhibit hereto, is incorporated by reference herein:
| Exhibit | Title | |
| 99.1 | News release dated November 13, 2026 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TRIPLE FLAG PRECIOUS METALS CORP. | ||
| Date: November 13, 2026 | By: | /s/ C. Warren Beil |
| Name: C. Warren Beil | ||
| Title: General Counsel | ||
Exhibit 99.1
Toronto, November 13, 2026
Triple Flag Receives Approval for Normal Course Issuer Bid Renewal
Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced today that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by Triple Flag to renew its normal course issuer bid (the “NCIB”).
Under the NCIB, Triple Flag is authorized to purchase up to 10,284,273 of its common shares (the “Common Shares”) (out of the 205,685,460 Common Shares issued and outstanding as at November 3, 2026), representing 5% of Triple Flag’s issued and outstanding Common Shares, during the period starting on November 17, 2026 and ending on November 16, 2027.
In deciding to renew the NCIB, Triple Flag believes that the purchase of Common Shares from time to time can be undertaken at prices that make the acquisition of such Common Shares an appropriate use of Triple Flag’s available funds and an appropriate mechanism for returning capital to its shareholders.
Triple Flag may make any purchases through the facilities of the TSX, the New York Stock Exchange (the “NYSE”) and alternative trading systems, if eligible, or by such other means as may be permitted by the TSX, the NYSE or under applicable law by a registered investment dealer (or an affiliate of the dealer), including private agreement purchases or share purchase program agreement purchases if Triple Flag receives, if applicable, an issuer bid exemption order in the future from applicable securities regulatory authorities in Canada for such purchases. Daily repurchases on the TSX will be limited to a maximum of 46,321 Common Shares, representing 25% of the average daily trading volume on the TSX of 185,284 Common Shares for the period from May 1, 2026 to October 31, 2026 (net of repurchases made by Triple Flag on the TSX during that time period), except where purchases are made in accordance with the “block purchase exception” of the TSX rules. Rule 10b-18 of the United States Securities Exchange Act of 1934 contains similar volume-based restrictions on daily purchases on the NYSE, subject to certain exceptions for block repurchases. All Common Shares that are repurchased by Triple Flag under the NCIB will be cancelled.
Purchase and payment for the Common Shares will be made by Triple Flag in accordance with the requirements of the TSX and applicable Canadian and United States securities laws. The price that Triple Flag will pay for the Common Shares in open market transactions acquired by it will be the market price of the Common Shares at the time of acquisition or such other price as may be permitted by the TSX. Any private agreement purchases made under an exemption order, if applicable, may be at a discount to the prevailing market price.
Triple Flag has also entered into an automatic share purchase plan (the “ASPP”) with the designated broker responsible for the NCIB to allow for the purchase of Common Shares under the NCIB at times when Triple Flag would ordinarily not be permitted to purchase its Common Shares due to regulatory restrictions and customary self-imposed blackout periods.
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Pursuant to the ASPP, prior to entering into a blackout period, Triple Flag may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker in its sole discretion based on parameters established by Triple Flag prior to the blackout period in accordance with the rules of the TSX, applicable securities laws and the terms of the ASPP.
Outside of the pre-determined blackout periods, Common Shares may be purchased under the NCIB based on the discretion of Triple Flag’s management, in compliance with the rules of the TSX and applicable securities laws. All repurchases made under the ASPP will be included in computing the number of Common Shares purchased under the NCIB.
Although Triple Flag has a present intention to acquire its Common Shares pursuant to the NCIB, Triple Flag will not be obligated to make any purchases and purchases may be suspended by Triple Flag at any time. Decisions regarding any future repurchases will depend on certain factors, such as market conditions, share price and other opportunities to invest capital for growth. Triple Flag may elect to suspend or discontinue share repurchases at any time, in accordance with applicable laws.
For its NCIB that began on November 17, 2025, and expires on November 16, 2026, Triple Flag previously sought and received approval from the TSX to repurchase up to 10,328,075 of its Common Shares. Of this amount, Triple Flag has repurchased a total of 1,280,139 Common Shares, consisting of 1,236,159 Common Shares purchased through the facilities of the TSX and alternative trading systems, for a total cost of approximately C$56 million (representing a weighted average cost of C$45.59 per Common Share) and 43,980 Common Shares purchased through the facilities of the NYSE, for a total cost of approximately US$1.4 million (representing a weighted average cost of US$30.91 per Common Share). Triple Flag repurchased the Common Shares through the facilities of the TSX, the NYSE and alternative trading systems.
About Triple Flag Precious Metals Corp.
Triple Flag is a precious metals streaming and royalty company. We offer investors exposure to gold and silver from a total of 242 assets, consisting of 17 streams and 225 royalties, primarily from Australia and the Americas. These streams and royalties are tied to mining assets at various stages of the mine life cycle, including 38 producing mines and 204 development and exploration stage projects and other assets. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange, under the ticker “TFPM”.
Contact Information
Investor Relations:
David Lee
Vice President, Investor Relations
Tel: +1 (416) 304-9770
Email: ir@tripleflagpm.com
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Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to herein as “forward-looking information”). Forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “believes” or variations of such words and phrases or terminology which states that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. Forward-looking information in this news release includes, but is not limited to, statements with respect to repurchases of our Common Shares. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding possible future events or circumstances.
The forward-looking information included in this news release is based on our opinions, estimates and assumptions considering our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. The forward-looking information contained in this news release is also based upon a number of assumptions, including the ongoing operation of the properties in which we hold a stream or royalty interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; and the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production. These assumptions include, but are not limited to, the following: assumptions in respect of current and future market conditions and the execution of our business strategies, that operations, or ramp-up where applicable, at properties in which we hold a royalty, stream or other interest, continue without further interruption through the period, and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated, intended or implied. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Forward-looking information is also subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to, those set forth under the caption “Risk and Risk Management” in our management’s discussion and analysis in respect of the fourth quarter and full year of 2025 and the caption “Risk Factors” in our most recently filed annual information form, each of which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. In addition, we note that mineral resources that are not mineral reserves do not have demonstrated economic viability and inferred resources are considered too geologically speculative for the application of economic considerations.
Although we have attempted to identify important risk factors that could cause actual results or future events to differ materially from those contained in the forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents our expectations as of the date of this news release and is subject to change after such date. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements.
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