Triple Flag Precious Metals Corp. Common Shares (TFPM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Triple Flag Precious Metals Q1 2026 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 at that time, just press star followed by the number one on your telephone keypad. And if you would like to withdraw your question, just press star one again. Thank you. Now I would like to turn the call over to Sheldon Vonderkoy, Chief Executive Officer. Sheldon, please go ahead. Thank you. Good morning, everyone, and thank you for joining us to discuss Triple Flag's first quarter of 2026 results. With me on the call this morning are Ivan Bari, our Chief Financial Officer, and James Dendel, our Chief Operating Officer. Triple Flag is off to a record start in 2026, with Q1 representing the strongest quarter in the company's history across every key metric. This includes over 30,000 GEOs, $129 million of adjusted EBITDA, and operating cash flow per share of $0.55 US. These are all quarterly records. The Q1 result is a straightforward demonstration of the model working as intended. High margin, top line exposure to higher gold and silver prices, translating into per share cash flow growth of 67% year over year. On the transaction front, We kicked off 2026 by unlocking the high-grade E44 gold deposit at North Parks, which was not previously included in Evolution's Life of Mine plan. Triple Flag will receive guaranteed minimum deliveries from E44 over seven years starting in 2030, which aligns with Evolution's approved plans for a block cave at E22 and a potential mill expansion to 10 million tons per annum, all of which position North Parks as a clear growth asset for Triple Flag. Then in March, we acquired a 3% gross reve...