Business
Triple Flag Precious Metals Announces Record Quarterly Cash Flow and Strong Q1 2025 Results
TORONTO / May 06, 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 / May 06, 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 first quarter of 2025 and declared a dividend of US$0.055 per common share to be paid on June 16, 2025. Unless otherwise indicated, all amounts are expressed in US dollars. “Our operating cash flow per share increased by 74% year-over-year in the first quarter of 2025, underpinned by strong performance from Northparkes and Cerro Lindo. This record start to the year has positioned us well, and guidance for 2025 of 105,000 to 115,000 GEOs remains unchanged,” commented Sheldon Vanderkooy, CEO. “Triple Flag has also maintained a solid pace of acquisitions through the last four months, including the precious metals streams on the Arcata and Azuca mines in Peru, and more recently, the proposed acquisition of Orogen Royalties and its 1.0% NSR royalty on the Expanded Silicon gold project in Nevada. Expanded Silicon is a top-tier gold asset located in a premier jurisdiction that is operated by one of the world’s most successful producers. The exploration potential of this asset is unparalleled, and we look forward to the completion of this transaction in the third quarter of this year.” Q1 2025 Financial Highlights Q1 2025 Q1 2024 Revenue $82.2 million $57.5 million Gold Equivalent Ounces (“GEOs”)1 28,761 27,794 Net Earnings (per share) $45.5 million ($0.23) $17.4 million ($0.09) Adjusted Net Earnings2 (per share) $40.7 million ($0.20) $22.2 million ($0.11) Operating Cash Flow $65.9 million $38.9 million Operating Cash Flow per Share $0.33 $0.19 Adjusted EBITDA3 $70.7 million $46.0 million Asset Margin4 93% 92% GEOs Sold by Commodity and Revenue by Commodity Three Months Ended March 31 2025 2024 GEOs1 Gold 21,944 17,646 Silver 6,817 9,485 Other — 663 Total 28,761 27,794 Revenue ($ thousands) Gold 62,752 36,524 Silver 19,493 19,632 Other — 1,372 Total 82,245 57,528 Corporate Updates 2025 GEOs Guidance and 2029 Outlook Maintained: Triple Flag remains on track to achieve its sales guidance for 2025 of 105,000 to 115,000 GEOs. Our 2029 outlook of 135,000 to 145,000 GEOs remains unchanged. Expanded Silicon NSR royalty acquisition: In April 2025, Triple Flag announced the ...