Triple Flag Precious Metals Corp. Common Shares (TFPM) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Danica and I will be your conference operator today. At this time, I would like to welcome everyone to the Triple Flag Precious Metals Q1 2025 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to the CEO, Sheldon van der Kooij. Please go ahead. Thank you, Danica. Good morning, everyone, and thank you for joining us to discuss Triple Flag's first quarter of 2025 results. Today, I am joined by our Chief Financial Officer, Ibn Bari, and our Chief Operating Officer, James Engel. Triple Flag achieves strong GEOs and record financial results to start the year. Sales of nearly 29,000 GEOs resulted in record EBITDA of $71 million US during the first quarter of 2025, with record operating cash flow of $66 million. This strong performance has positioned us well to not only achieve our 2025 GEO guidance of 105 to 115,000 ounces, but demonstrates our ability to directly realize higher cash flows in a rising gold and silver price environment. To further grow our business, Triple Flag has also maintained a solid pace of acquisitions over the last four months, including our proposed acquisition of Origin Royalties. This transaction, announced on April 22nd, will result in Triple Flag owning a 1% 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, Angle ...