Business
Triple Flag Precious Metals Announces Record Full Year and Fourth Quarter 2022 Results
TORONTO / Feb 21, 2023 / 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 21, 2023 / 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 2022 and declared a dividend of US$0.05 per common share to be paid on March 15, 2023. All amounts are expressed in US dollars unless otherwise indicated. “2022 was a year of solid performance and transformation for Triple Flag – our first full year as a publicly listed company,” commented Shaun Usmar, Founder and CEO. “We delivered our sixth consecutive annual GEOs sales record (84.6 koz), achieved a new quarterly GEOs sales record (25.4 koz) during the fourth quarter, listed on the NYSE, built upon our top-tier ESG performance, and announced the largest transaction since our inception with the acquisition of Maverix Metals Inc. for $606 million. The acquisition was a key highlight for the year, creating the leading gold-focused, emerging senior streaming and royalty company. Already the combined company has enjoyed materially increased trading liquidity and we are well advanced on integration and delivering the identified $7 million per annum in synergies. During the year, Triple Flag received its inaugural Sustainalytics score that ranked us 4th of 114 companies across the global precious metals industry, and was accredited as a “Great Place to Work” in Canada, showcasing important elements of our pragmatic commitment to excellence in ESG.” “We enter 2023 as the fourth-largest gold-focused streaming and royalty company, with an enhanced portfolio, robust growth outlook, materially increased trading liquidity, leading dividend yield, low leverage, and over $600 million in available capital to deploy on new deals amidst a busy pipeline. I’m excited about the possibilities our enhanced platform offers our stakeholders as we to continue our pursuit in growing value per share.” Record Full Year 2022 and Q4 2022 Financial Highlights 2022 Q4 2022 vs vs FY2022 2021 Q4 2022 Q4 2021 Revenue $151.9 million +1% $43.9 million +19% Gold Equivalent Ounces (“GEOs”)1 84,571 +1% 25,428 +23%...