Triple Flag Precious Metals Corp. Common Shares (TFPM) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Kathleen and I will be your conference operator today. At this time, I would like to welcome everyone to the Triple Flag Precious Metals second quarter 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. And if you would like to withdraw your question, press the star one again. And now I would like to turn the call over to Sheldon Vandercoy, CEO. Please go ahead. Thank you, Kathleen. Good morning, everyone, and thank you for joining us to discuss Triple Flag's second quarter of 2025 results. Today I'm joined by our CFO, Ibn Bari. Triple Flag achieved another record quarter in Q2. Sales of nearly 29,000 GEOs drove record adjusted EBITDA of $76 million, and most importantly, record operating cash flow of $0.38 US per share. Given our strong margins that consistently exceed 90%, These record results demonstrate Triple Flag's ability to realize higher per share cash flows in today's strong gold and silver price environment. This strong performance has also positioned us well to deliver our 2025 guidance of 105,000 to 115,000 ounces over the balance of the year. On the deal front, we have maintained a solid pace of accretive acquisitions during the first half of 2025. Most of these transactions have focused on tuck-in investments into near-term production starts, including the Trey Corbatas lithium mine in Argentina, the Arcata and Azuca silver mines in Peru, as well as the newly announced additional 1.5% gross revenue royalty on the Johnson Camp copper mine in Arizona. All of these three acquisitions ...