Business
Triple Flag Precious Metals Announces Record 2024 Results Driven by Strong Growth at Northparkes and Cerro Lindo
TORONTO / Feb 19, 2025 / Business Wire / Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) annou
About this update from Triple Flag Precious Metals Corp.
[{"type":"text","content":"TORONTO / Feb 19, 2025 / Business Wire / Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced its results for the fourth quarter and full year of 2024 and declared a dividend of US$0.055 per common share to be paid on March 14, 2025. All amounts are expressed in US dollars unless otherwise indicated. “2024 marked Triple Flag’s 8th consecutive year of record GEOs, driving a nearly 40% year-over-year increase in operating cash flow per share,” stated Sheldon Vanderkooy, CEO. “We delivered in the upper half of our GEOs guidance for 2024 and reinvested our cash flows into accretive acquisitions to deliver compounding per share growth. We are also pleased to have entered into an agreement in December 2024 to acquire the Tres Quebradas royalty, gaining near-term cash flow exposure to a large, well-capitalized mining project operated by Zijin with a long life and significant exploration potential.” “Our strong organic growth profile to 135,000 to 145,000 GEOs in 2029, progressive dividend, peer-leading insider ownership, as well as nearly $740 million in available liquidity for new deals should continue to drive shareholder value in the years to come.” Q4 2024 and Full Year 2024 Financial Highlights Q4 2024 Q4 2023 FY2024 FY2023 Revenue $74.2 million $51.7 million $269.0 million $204.0 million Gold Equivalent Ounces (“GEOs”)1 27,864 26,243 112,623 105,087 Operating Cash Flow $63.5 million $37.6 million $213.5 million $154.1 million Net Earnings (Loss) (per share) $41.3 million ($0.20) $9.8 million ($0.05) ($23.1 million) (-$0.11) $36.3 million ($0.18) Adjusted Net Earnings2 (per share) $36.3 million ($0.18) $17.8 million ($0.09) $109.6 million ($0.54) $66.6 million ($0.33) Adjusted EBITDA3 $63.0 million $41.0 million $220.2 million $158.5 million Asset Margin4 92% 91% 92% 90% GEOs by Commodity, Revenue by Commodity, and Financial Highlights Summary Table Three Months Ended December 31 Year Ended December 31 ($ thousands except GEOs, Asset Margin and per share numbers) 2024 2023 2024 2023 GEOs1 Gold 17,272 14,997 70,774 61,251 Silver 10,381 9,883 40,862 38,983 Other 211 1,363 987 4,853 Total 27,864 26,243 112,623 105,087 Revenue ...