Business
Triple Flag Precious Metals Reports Record Q2 2021 Cash Flows in its Inaugural Public Quarterly Results and Provides 10-Year Outlook
TORONTO / Aug 10, 2021 / Business Wire / Triple Flag Precious Metals Corp. (“Triple Flag”) (TSX:TFPM, TSX:TFPM.U), an emerging senior gold-focused streaming and
About this update from Triple Flag Precious Metals Corp.
[{"type":"text","content":"TORONTO / Aug 10, 2021 / Business Wire / Triple Flag Precious Metals Corp. (“Triple Flag”) (TSX:TFPM, TSX:TFPM.U), an emerging senior gold-focused streaming and royalty company that offers bespoke financing solutions to the metals and mining industry, today announced its results for the second quarter of 2021. All dollar references are in United States dollars. “In our inaugural quarterly results as a public company, we are pleased to report record Q2 2021 cash flows, following our previous announcement of record quarterly metal sales in Q2 2021,” commented Shaun Usmar, Triple Flag Founder and CEO. “The business continued its track record of strong cash flow growth in Q2 2021, with a 48% increase in both revenue and operating cash flow, and a 49% increase in adjusted EBITDA, each as compared to the same period in 2020. We are also pleased to announce that our Board has declared our first dividend of $0.0475 per common share. This equates to a robust dividend yield of 1.7% on the closing share price on August 9th, directly sharing the benefits of our cash flow with our shareholders. We intend to continue growing the dividend over time as we focus on delivering consistently strong results and returns without compromising our strategy of disciplined and accretive growth through the acquisition of precious metals streams and royalties. For the first time, we are publishing our five- and ten-year average annual gold equivalent ounces (“GEOs”) outlook, demonstrating that Triple Flag’s portfolio has strong near-term organic growth and a stable, high-quality production profile over the next decade and beyond, with an average portfolio life in excess of twenty years. Having built Triple Flag from the ground up since 2016 with sector-leading growth in GEOs over this period, we are proud to demonstrate the ongoing growth and duration of our existing portfolio by showcasing our expectation of sustainable average production of 105,000 GEOs over the next five years and the next ten years from the existing portfolio. Above and beyond the five-and 10-year production outlook, we believe there is considerable optionality related to potential life of mine extensions, expansions, and exploration from our 15 producing mines and 60 exploration and development assets in the portfolio. This growth outlook does not factor in potential additional high-qu...