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Triple Flag Precious Metals Delivers Record GEOs Sales for the Eighth Consecutive Year and Achieves Upper Half of 2024 GEOs Sales Guidance
TORONTO / Jan 15, 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 / Jan 15, 2025 / Business Wire / Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced quarterly revenue of US$74.2 million for the fourth quarter of 2024 and annual revenue of US$269.0 million for full year 2024. These results represent metal sales of 27,864 gold equivalent ounces1 (“GEOs”) for the fourth quarter of 2024 and 112,623 GEOs for full year 2024, within the upper half of guidance. All dollar amounts are expressed in US dollars. “Triple Flag has achieved an eighth consecutive annual GEOs sales record, representing a compound annual growth rate of approximately 20% since 2017,” commented Sheldon Vanderkooy, CEO. “We have achieved the upper half of GEOs sales guidance for 2024, driven by higher gold grades at Northparkes and strong silver deliveries from Cerro Lindo, while key growth projects reached major milestones towards the path to production including Koné, Eskay Creek and Hope Bay. I am exceptionally pleased that Triple Flag increased its revenues in 2024 by over 30% year-over-year while reducing its issued and outstanding shares, driving higher value per share. Triple Flag’s shareholders are benefiting from record GEOs as well as record gold and silver prices. Triple Flag remains well-positioned to continue creating shareholder value in 2025 and beyond.” Preliminary FY2024 and Q4 2024 GEOs Sales and Revenue GEOs Sold and Revenue by Commodity2 FY2024 FY2023 GEOs Sold Revenue ($M) GEOs Sold Revenue ($M) Gold 70,774 169.0 61,251 119.0 Silver 40,862 97.7 38,983 75.5 Other 987 2.3 4,853 9.5 Total 112,623 269.0 105,087 204.0 Q4 2024 Q4 2023 GEOs Sold Revenue ($M) GEOs Sold Revenue ($M) Gold 17,272 46.0 14,997 29.5 Silver 10,381 27.6 9,883 19.5 Other 211 0.6 1,363 2.7 Total 27,864 74.2 26,243 51.7 Conference Call Details Triple Flag will release its Q4 2024 results on Wednesday, February 19, 2025, after market close. A conference call and live webcast presentation will be held the following day, February 20, 2025, starting at 9:00 a.m. ET (6:00 a.m. PT) to discuss these results. The live webcast can be accessed by visiting the Events and Presentations page on the Company’s website at: www.tripleflagpm.com. An archived version of the webcast will be available on the website for one year following the webcast. Live W...