Seeking Alpha • Feb 12

Triple Flag: A Strong Finish To The Year

Summary Triple Flag Precious Metals released its Q4 and FY2022 results last month, reporting quarterly sales of ~25,400 gold-equivalent ounces [GEOs] and annual sales of ~84,600 GEOs. This translated to record Q4 metal sales and record annual revenue of ~$151.9 million, a slight increase vs. the year-ago period despite weaker metals prices. Looking ahead to its 2023 results, TFPM will see another record year following its Maverix acquisition, and the company has moved into the #4 slot for size among royalty/streamers. Given that TFPM is a much stronger company today than it was last year with greater diversification and a robust pipeline, I would view any pullbacks below US$11.80 as buying opportunities. While it was a solid year for precious metals royalty/streaming names, given that they managed to side-step the margin erosion of their producer peers, it was also a hectic year with significant consolidation. This included the acquisitions of Great Bear Royalties and Nomad, the failed takeover bid for Elemental Altus Royalties (ELEMF), and then the amalgamation of Elemental Royalties and Altus shortly after. However, perhaps the most transformational deal was Triple Flag's (TFPM) offer to acquire budding royalty/streamer Maverix, one of the larger junior royalty companies with an exceptional development pipeline. As discussed in a recent update, this deal was a smart move by Triple Flag, helping to improve its trading liquidity, leading to greater diversification (29 producing assets, 229 total assets), and adding key development projects to Triple Flag's pipeline. Notably, it also adds some nice organic growth at key assets like Karora's (KRRGF) Beta Hunt Mine, where the company is doubling mine production (second decline). Given this upgrade to the portfolio that has made TFPM more attractive from an investment standpoint, I would view any pullbacks below US$11.80 as buying opportunities. Beta Hunt Coarse Gold (Karora Presentation) All figures are in United States Dollars unless otherwise noted. Q4 & FY2022 Results Triple Flag Precious Metals released its Q4 and FY2022 results last month, reporting quarterly sales of ~25,400 gold-equivalent ounces [GEOs] and annual sales of ~84,600 GEOs. This represented a record for the company, with the Q4 performance helped by a strong finish to the year from Fosterville (higher grades), operated by the #3 gold producer globally, Agnico Eagle (AEM). Unfortunately, annual gold-equivalent ounce [GEO] sales came in shy of estimates of 90,000 to 95,000 GEOs. This was impacted by operational delays such as rail/shipping delays at Northparkes due to severe weather in NSW and increased time for quotation period settlements at Cerro Lindo concentrates. Triple Flag - Quarterly GEO Production (Company Filings, Author's Chart) Although the guidance miss was a minor disappointment, this had little to do with the health of its partners' operations. Triple Flag is positioned to blow past these estimates in 2023 after upgrading its portfolio following the Maverix acquisition. In fact, FY2023 attributable production should come in above 125,000 GEOs, translating to ~46% growth year-over-year and a significant increase in cash flow generation. Combined with available liquidity of ~$600 million, this sharp increase in cash flow will place Triple Flag in the enviable position of being able to transact on large deals like the majors without having to dilute shareholders such as what we've seen from juniors like Metalla (MTA) and Gold Royalty Corp. (GROY) when they occasionally punch above their weight to do small to mid-sized deals. Triple Flag - Quarterly Revenue (Company Filings, Author's Chart) Finally, looking at revenue, Triple Flag reported quarterly revenue of $43.9 million in Q4 2022, a nearly 20% increase vs. the year-ago period ($37.0 million). This was related to increased sales volumes at ATO, and its Other category, offset by a lower average realized gold price and lower sales from a couple of its larger assets. On a full-year basis, Triple Flag reported a 1% increase in revenue ($151.9 million vs. $150.4 million) despite the weaker metals prices but is on track to enjoy 50% plus revenue growth in FY2023 based on estimated revenue of $230+ million. Let's take a look at recent developments: Recent Portfolio Additions Regarding recent portfolio additions, Triple Flag completed two new deals just before year-end, acquiring a gross revenue return [GRR] and a gold and silver stream on the Prieska copper-zinc mine with Orion Minerals in South Africa. The stream provides Triple Flag with 84% of payable gold and 84% of payable silver until 94,300 ounces of gold and ~5.71 million ounces of silver are delivered (stream drops to 50% thereafter). Orion Minerals' Prieska copper-zinc nine is a high-grade past-producing asset with a mineral reserve grade of 1.1% copper and 3.2% zinc, with a planned 11-year mine life producing ~220,000 tonnes of copper and ~680,000 tonnes of zinc in concentrate, respectively. In addition to the Prieska deal, Triple Flag announced that it would acquire up to 2.5% NSR royalty on the Thunder Bay Project held by Clean Air Metals (CLRMF). This is a platinum, palladium, copper, and nickel project near Thunder Bay in Ontario, Canada, where a Feasibility Study is planned for this year. The recent PEA on the project highlighted the potential for a 10-year mine life with an underground mining rate of ~4,400 tonnes per day, a processing rate of ~3,600 tonnes per day, and a floatation circuit to produce copper-PGE concentrate and bulk concentrate. Total revenue over the mine life is estimated at ~$1.7 billion, and capex is modest at ~$275 million, though with inflationary pressures, this figure could be closer to $320 million. Overall, I see these two deals as solid, with a stream and GRR added on an impressive asset (albeit in a less favorable jurisdiction) with Prieska and a decent-sized royalty on a PGE asset in a Tier-1 jurisdiction with the Thunder Bay Project. Considering the total combined consideration of less than $100 million, these look like nice additions to the portfolio at relatively low risk. Exploration Success Across The Royalty Portfolio Moving over to recent developments on Triple Flag's producing and development-stage royalties, two key assets worth that continue to see considerable attention are Hope Bay (1.0% NSR royalty) and Fosterville (2.0% NSR royalty). For those unfamiliar, Agnico Eagle (AEM) post-Kirkland Lake merger took the throne for the most aggressive driller (based on non-ferrous mineral exploration budget ranks) from Rio Tinto (RIO) when it came to its 2022 exploration budget. This was evidenced by an exploration budget of ~$324 million, subsequently increasing to ~$354 million, with 80% of that incremental budget directed to Hope Bay. Hope Bay Project (Agnico Eagle Presentation) These two assets benefit from a significant portion of this budget, with ~$110 million combined (Hope Bay + Fosterville) of Agnico's total budget being allocated to these two assets, consisting of drilling & developing new exploration drifts. Previously, I was lukewarm on Triple Flag because it's clear that Fosterville has seen its best days behind it with declining bonanza-grade reserves (18+ grams per tonne gold) after three years of 500,000+ ounce per annum production levels (2019, 2020, 2021). Given that this was a top-3 royalty asset for Triple Flag, it would be a major drag on operations after consistently delivering 10,000+ GEOs per annum on an attributable basis. Fosterville Mine - Quarterly Gold Production (Company Filings, Author's Chart) As shown in the below table, Fosterville reserves had shrunk to ~5.6 million tonnes at 10.33 grams per tonne of gold (plus ~1.05 million tonnes at 4.67 grams per tonne of gold), translating to just ~2.02 million ounces as of year-end 2021. Given that 2022 production was forecasted at ~770,000 tonnes at 16.6 grams per tonne of gold, high-grade reserves are set to decline even further, and I would expect only moderate reserve replacement this year and at lower grades. This isn't a huge deal for the asset and isn't a knock against its operators; it's simply not easy to consistently delineate 2/3 ounce per tonne material, even if you are poking holes into a world-class asset. Although Fosterville is backed up by measured & indicated resources of ~9.0 million tonnes at ~7.0 grams per tonne of gold and ~9.0 million tonnes of inferred resources at ~5.70 grams per tonne of gold, these grades are well below reserves grades. The result is that Agnico Eagle expects FY2022 production to come in near 400,000 ounces but slide to 375,000 ounces this year and just 248,000 ounces in FY2024. In Triple Flag's case, this would result in attributable production from Fosterville plunging from ~12,300 ounces in 2020 to just ~5,000 ounces in FY2024, and no indication yet that 2025 will be any better as the team continues to chew through the remaining 1/2 ounce per tonne material. Fosterville Reserves (Year-End 2021) (Kirkland Lake Gold Filings) However, after 18 months of aggressive drilling by Kirkland Lake Gold/Agnico, we're finally starting to see some solid intercepts. Meanwhile, following the Maverix merger, we've seen a significant increase in diversification for Triple Flag, with Beta Hunt helping to replace some of the lower production from Fosterville and multiple other assets in the wings to help boost production (Northparkes E22, South Railroad, Eskay Creek, Kone, McCoy Cove, North Bullfrog). Finally, with Fosterville now in the hands of the most aggressive drill sector-wide, I am cautiously optimistic this team can replace reserves at 10.0+ grams per tonne and potentially make a new discovery. Fosterville Mine - Drill Results & Development (Agnico Presentation) Looking at recent drilling above, Agnico noted that its decline into the Robbins Hill orebody (separate from the high-grade reserve base at Lower Phoenix/Harrier) and infill/extensional drilling is now underway. The company noted that it hit a new mineralized structure named the Hoffman Fault in the hangingwall of the Curie Fault, with an exceptional intercept of 1.8 meters at 58.0 grams per tonne of gold. As Kirkland Lake Gold's Senior VP of Exploration Eric Kallio stated in his final Conference Call at Kirkland Lake before the merger, grades were improving at depth at Robbins Hill (similar to what occurred at the Swan Zone), and this appears to be the case under Agnico as well with more solid intercepts near the 1,000-meter level (4.9 meters at 68.0 grams per tonne gold). One encouraging nugget stated by Agnico Eagle in its Q3 Exploration Update was as follows: "The very high gold grades intersected in hole UDR015 down-plunge of the Robbins Hill mineral resources are due to the presence of visible gold in quartz vein mineralization — a style of mineralization similar to what is seen in the Swan Zone." Moving over to current mining areas, Agnico Eagle released multiple high-grade intersections in its Q3 2022 results, hitting 1.4 meters at 226 grams per tonne of gold south of existing resource blocks in an 80-meter step-out hole and 1.1 meters at 365.5 grams per tonne of gold. These drill highlights are a stone's throw from current resources and reserves. They are now attributed to the Cardinal Fault, a hanging wall splay of Lower Phoenix mineralization (70 to 130 meters laterally south from reserves). Other encouraging intercepts that weren't quite as high-grade included 10.6 meters at 14.6 grams per tonne of gold and 8.0 meters at 31.5 grams per tonne of gold, which are still well above current reserve grades. Fosterville Mine Exploration Drilling (Agnico Eagle Presentation) Obviously, these are not the blockbuster results that Kirkland Lake Gold was busy reporting in 2017/2018 that helped to significantly increase high-grade reserves, such as 7.45 meters at 289 grams per tonne of gold, 6.4 meters at 598 grams per tonne of gold, and 8.2 meters at 991 grams per tonne of gold. Still, the goal here for Agnico appears to be to build on reserves and allow Fosterville to be a consistent 250,000 to 300,000-ounce producer from 2026 forward at industry-leading costs. So, while I do expect 2024 and 2025 production to drop off materially and average less than 260,000 ounces per annum (which will impact Triple Flag's cash flow), the recent exploration success is encouraging and suggests this mine likely has at least another decade ahead of it at a more modest production profile. Of course, the wild card is a major discovery by Agnico Eagle, which I wouldn't rule out, and that could easily push production back to ~400,000 ounces per annum if the company were able to spike grades with some 20+ gram per tonne material on top of what looks to be a new range of 8-11 grams per tonne head grades post-2024. Moving over to Agnico's Hope Bay Project in Nunavut, the company was so pleased with its exploration success that it increased its 2022 exploration budget from ~$32 million to $50+ million mid-way through the year. As of Q3 2022, the company continues to focus on testing extensions to mineralization both along strike and at depth below the dike, aiming to expand the BTD Extension, BTD Connector, and BTD Central zones. For those unfamiliar with Hope Bay, Agnico Eagle halted production in Q1 2022 at the asset to focus on exploration and better understand the opportunity here, with a goal of restarting operations from a stronger base. The primary goal is a ~4,000 tonne per day operation producing 250,000 to 300,000 ounces per annum, pushing Agnico's Nunavut production to 1.0+ million ounces per annum (Meadowbank, Meliadine, and Hope Bay). Hope Bay Project (Agnico Eagle Presentation) Looking at the above image of the primary deposit (Doris), recent drilling suggests the potential to increase Doris resources/reserves at depth both in the BTD Extension/Connector zones and in the West Valley Zone. Highlight intercepts include 2.3 meters at 20.9 grams per tonne of gold just north of existing reserve blocks (drill hole HBDBE-22-50888) and 3.5 meters at 20.9 meters along the limit of existing reserves (drill hole HBDBE-22-50886). Additionally, Agnico Eagle intersected 7.7 meters at 3.1 grams per tonne of gold and 2.4 meters at 10.4 grams per tonne of gold in drill hole HBD-22-027, which is one of the deepest intercepts drilled to date, well below resource blocks in the BTD Connector Zone. Moving north of HBD-22-027 in the BTD Connector Zone, Agnico Eagle hit a thick intercept of 32.2 meters at 6.9 grams per tonne of gold, and separate holes intersected 15.3 meters at 9.4 grams per tonne of gold and 4.8 meters at 23.0 grams per tonne of gold. These intercepts are well outside current resource blocks, suggesting incremental resource/reserve upside at depth below the East Limb and on strike from the West Limb. Finally, Agnico extended the West Valley Zone 77 meters south with a solid intercept of 2.6 meters at 14.4 grams per tonne of gold and intersected 3.0 meters at 25.4 grams per tonne of gold, well above existing reserve grades. Hope Bay vs. Meliadine Scale (Company Presentation) From a bigger-picture standpoint, Agnico has spent limited capital at the nearby Madrid deposit, and Boston(opposite end of the gold belt) has still seen limited drilling, with these being two other high-grade ore bodies where Triple Flag benefits from royalty coverage. Agnico noted that Boston will receive some attention in 2023 "while larger production scenarios are being evaluated." Given that this is a massive 80-kilometer-long greenstone belt with three high-grade ore bodies identified to date, I would not rule out the potential for a mining 'complex' on Hope Bay ground capable of producing 400,000+ ounces per annum.

お知らせ • Jan 20

+ 1 more update

Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others.

Triple Flag Precious Metals Corp. (TSX:TFPM) executed a proposal to acquire Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others on October 17, 2022. Triple Flag Precious Metals Corp. entered into a definitive agreement to acquire Maverix Metals Inc. from Newmont Corporation, Pan American Silver Corp., Kinross Gold Corporation and others for approximately $590 million on November 9, 2022. Pursuant to the transaction, Maverix shareholders may elect to receive either $3.92 in cash or 0.360 of a Triple Flag share per Maverix share held, representing share consideration of $3.92 per Maverix share. The shareholder election will be subject to pro-ration such that the cash consideration will not exceed 15% of the total consideration and the share consideration will not exceed 85% of the total consideration. Maverix shareholders who do not elect to receive either Triple Flag shares or cash will be deemed to elect default consideration of 0.360 Triple Flag shares per Maverix share. Upon completion of the Transaction, existing Triple Flag and Maverix shareholders would own approximately 77% and 23% of the combined company, respectively, on a fully diluted basis. The combined company will continue as Triple Flag Precious Metals Corp., headquartered in Toronto, Ontario, and will be led by Shaun Usmar as Chief Executive Officer. Following the completion of the transaction, it is expected that Geoff Burns, founder and Chair of Maverix, and another nominee of Maverix will join the Triple Flag board of directors. Maverix will pay a termination fee of approximately $24 million under certain circumstances. The transaction is subject to approval by the shareholders of Maverix, regulatory and court approvals, and other customary closing conditions. Triple Flag has obtained the written consent for the transaction of shareholders of Triple Flag holding greater than 50% of the issued and outstanding common shares of Triple Flag. The Board of Directors of Triple Flag and the Board of Directors of Maverix have unanimously approved the transaction. As of November 30, 2022, the Ontario Superior Court of Justice has granted an interim order in connection with the agreement. The Maverix shareholders meeting is scheduled on January 12, 2023. Maverix shareholders approved the arrangement at a special meeting of shareholders held on January 12, 2023. Triple Flag also reports that the Canadian Competition Bureau has issued a “no action” letter clearing the Arrangement under Canadian competition law. As well, the waiting period in respect of the filing under the U.S. Hart-Scott-Rodino Antitrust Act Improvements Act of 1976, as amended, has expired. The completion of the Arrangement is subject to final approval of the Arrangement by the Ontario Superior Court of Justice (Commercial List) and the satisfaction or waiver of the other customary conditions to completion of the Arrangement. As of January 17, 2023, the Ontario Superior Court of Justice (Commercial List) has granted a final order approving the acquisition of Maverix by Triple Flag Precious Metals Corp. The transaction is expected to close in January 2023. Triple Flag and Maverix are working towards an expeditious closing of the Arrangement slated to occur prior to the end of January. The Arrangement is expected to be effected on or about January 19, 2023.The transaction is expected to be accretive on a NAV-per-share and cash-flow-per-share basis. National Bank Financial is acting as financial advisor to Triple Flag and Torys LLP is acting as legal counsel to Triple Flag. Raymond James and CIBC World Markets, Inc. acting as financial advisors to Maverix and Blake, Cassels & Graydon LLP and Davis Graham & Stubbs LLP are acting as Canadian and U.S. legal counsel, respectively to Maverix. Raymond James Ltd. and CIBC Capital Markets acted as fairness opinion providers to Maverix. TSX Trust Company acted as depositary and transfer agent to Maverix Metals. The transfer agent and registrar for the Triple Flag is Computershare Investor Services Inc. Maverix has engaged Laurel Hill Advisory Group, as Proxy Solicitation Agent, to assist in the solicitation of proxies with respect to the matters to be considered at the Meeting. For these services, Laurel Hill will receive a CAD 100,000 ($74,771.37) fee plus reimbursement of its reasonable expenses. Mark McAleer, Emma Tirabosco and Lennard Bremer of Allens advised Triple Flag Precious Metals Corp. on Australian aspects. Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others on January 19, 2023. As a result of the Arrangement, the common shares of Maverix will be delisted from the Toronto Stock Exchange and the NYSE American shortly after the date hereof.

Metals and Mining 収益成長	13.5%
収益成長率	9.2%
将来の株主資本利益率	14.58%
アナリストカバレッジ	Low
最終更新日	18 May 2026

日付	収益	収益	フリー・キャッシュフロー	営業活動によるキャッシュ	平均アナリスト数
12/31/2028	563	409	430	443	3
12/31/2027	632	457	413	513	5
12/31/2026	551	405	281	452	5
3/31/2026	453	311	175	360	N/A
12/31/2025	389	240	94	313	N/A
9/30/2025	344	204	68	287	N/A
6/30/2025	324	172	146	267	N/A
3/31/2025	294	5	121	240	N/A
12/31/2024	269	-23	156	214	N/A
9/30/2024	247	-55	123	188	N/A
6/30/2024	222	-90	132	163	N/A
3/31/2024	211	37	108	154	N/A
12/31/2023	204	36	-37	154	N/A
9/30/2023	196	42	-68	153	N/A
6/30/2023	181	61	-59	142	N/A
3/31/2023	164	56	-58	131	N/A
12/31/2022	152	55	66	118	N/A
9/30/2022	145	53	91	111	N/A
6/30/2022	148	45	95	115	N/A
3/31/2022	153	53	92	118	N/A
12/31/2021	150	46	69	120	N/A
9/30/2021	155	86	75	122	N/A
6/30/2021	143	90	-489	112	N/A
3/31/2021	129	81	-498	101	N/A
12/31/2020	113	56	-645	84	N/A
9/30/2020	88	3	-673	63	N/A
12/31/2019	59	-41	N/A	40	N/A
9/30/2019	57	-54	N/A	37	N/A
12/31/2018	43	-1	N/A	28	N/A
12/31/2017	41	-29	N/A	27	N/A

データ	最終更新日（UTC時間）
企業分析	2026/05/20 20:10
終値	2026/05/20 00:00
収益	2026/03/31
年間収益	2025/12/31

パッケージ	データ	タイムフレーム	米国ソース例
会社財務	10年	損益計算書キャッシュ・フロー計算書貸借対照表	SECフォーム10-K SECフォーム10-Q
アナリストのコンセンサス予想	+プラス3年	予想財務アナリストの目標株価	アナリストリサーチレポート Blue Matrix
市場価格	30年	株価配当、分割、措置	ICEマーケットデータ SECフォームS-1
所有権	10年	トップ株主インサイダー取引	SECフォーム4 SECフォーム13D
マネジメント	10年	リーダーシップ・チーム取締役会	SECフォーム10-K SECフォームDEF 14A
主な進展	10年	会社からのお知らせ	SECフォーム8-K

アナリスト	機関
Rene Cartier	BMO Capital Markets Equity Research
Brian Quast	BMO Capital Markets Equity Research
Lawson Winder	BofA Global Research

Triple Flag Precious Metals 将来の成長

Future 基準チェック /16

主要情報

今後の成長に関する最新情報

Price target increased by 7.3% to US$44.25

Price target increased by 12% to US$39.00

Price target increased by 9.8% to US$33.67

Price target increased by 12% to US$30.33

Price target increased by 8.0% to US$27.00

Triple Flag Precious Metals Corp. Reaffirms Sales Guidance for the Year 2025

Recent updates

Now 23% overvalued

First quarter dividend of US$0.058 announced

First quarter 2026 earnings: EPS exceeds analyst expectations

Triple Flag Precious Metals Corp. Declares Cash Dividend, Payable on June 15, 2026

Triple Flag Precious Metals Corp. to Report Q1, 2026 Results on May 05, 2026

CEO & Director recently sold US$855k worth of stock

Independent Director recently sold US$3.2m worth of stock

Now 23% undervalued after recent price drop

Price target increased by 7.3% to US$44.25

Triple Flag Precious Metals: Still One Of The Cheapest Streaming Plays In A Gold Supercycle

Insufficient new directors

Triple Flag Precious Metals Corp., Annual General Meeting, May 06, 2026

Fourth quarter dividend of US$0.058 announced

Full year 2025 earnings: EPS exceeds analyst expectations

Triple Flag Declares Dividend for the First Quarter of 2026, Payable on March 16, 2026

Price target increased by 12% to US$39.00

Triple Flag Precious Metals Corp. to Report Q4, 2025 Results on Feb 18, 2026

CEO & Director recently sold US$1.7m worth of stock

Upcoming dividend of US$0.058 per share

Now 20% undervalued

Third quarter dividend of US$0.058 announced

Third quarter 2025 earnings released: EPS: US$0.30 (vs US$0.15 in 3Q 2024)

Triple Flag Precious Metals Corp. Declares A Cash Dividend, Payable on December 15, 2025

Price target increased by 9.8% to US$33.67

Now 23% overvalued after recent price rise

Triple Flag Precious Metals Corp. to Report Q3, 2025 Results on Nov 04, 2025

Price target increased by 12% to US$30.33

Chief Operating Officer recently sold US$760k worth of stock

Upcoming dividend of US$0.058 per share

Price target increased by 8.0% to US$27.00

Second quarter dividend increased to US$0.058

Second quarter 2025 earnings released: EPS: US$0.28 (vs US$0.55 loss in 2Q 2024)

Triple Flag Precious Metals Corp. Declares Quarterly Cash Dividend, Payable on September 15, 2025

Triple Flag Precious Metals Corp. Reaffirms Sales Guidance for the Year 2025

Triple Flag Precious Metals Corp. to Report Q2, 2025 Results on Aug 06, 2025

Now 22% overvalued after recent price rise

CEO & Director recently sold US$1.2m worth of stock

Price target increased by 11% to US$24.50

Now 23% overvalued after recent price rise

Upcoming dividend of US$0.055 per share

Insider recently sold US$300k worth of stock

First quarter dividend of US$0.055 announced

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Triple Flag Precious Metals Corp. Reaffirms Sales Guidance for the Year 2025 and 2029

Now 20% overvalued after recent price rise

Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others for approximately CAD 330 million.

Triple Flag Precious Metals Corp. Reaffirms Sales Guidance for the Year 2025

Price target increased by 8.5% to US$21.33

Now 20% undervalued

Independent Director recently sold US$392k worth of stock

CEO & Director recently sold US$881k worth of stock

Triple Flag Precious Metals Corp., Annual General Meeting, May 07, 2025

Fourth quarter dividend of US$0.055 announced

Triple Flag Precious Metals Corp. Provides Sales Guidance for the Year 2025

Full year 2024 earnings: EPS exceeds analyst expectations

Triple Flag Precious Metals Corp Approves Cash Dividend for the First Quarter 2025, Payable on March 14, 2025

Triple Flag Precious Metals Corp. to Report Q4, 2024 Results on Feb 19, 2025

Triple Flag Precious Metals: Good Growth Potential At A Very Attractive Share Price

Upcoming dividend of US$0.055 per share

Third quarter dividend of US$0.055 announced

Third quarter 2024 earnings released: EPS: US$0.15 (vs US$0.03 loss in 3Q 2023)

Triple Flag Precious Metals Corp. Declares Fourth Quarter 2024 Dividend, Payable on December 16, 2024

Triple Flag Precious Metals Corp. to Report Q3, 2024 Results on Nov 05, 2024

Independent Director recently sold US$1.9m worth of stock

Now 20% undervalued

Triple Flag: One Of The Best Silver Exposures In The Royalty And Streaming Business

Triple Flag Precious Metals Corp. Declares Quarterly Cash Dividend, Payable on September 16, 2024

Triple Flag Precious Metals Corp. Announces CEO Changes

Triple Flag Precious Metals Corp. to Report Q2, 2024 Results on Aug 07, 2024