Triple Flag Increases 2026 GEOs Guidance and Announces Steppe Gold Agreement

About this update from Triple Flag Precious Metals Corp.

TORONTO, June 11, 2026--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, "Triple Flag" or the "Company") (TSX: TFPM, NYSE: TFPM) announces that its wholly owned subsidiary, Triple Flag International Ltd., has entered into a settlement agreement with Steppe Gold Ltd. and its related entities ("Steppe") pursuant to which, Steppe has delivered to Triple Flag all gold and silver stream obligations in arrears under its stream agreement and has delivered all gold prepay ounces in arrears. Additionally, the settlement agreement provides that the Steppe Gold Stream Agreement has been amended to provide for fixed cumulative deliveries totaling 34,770 ounces of gold over the ten-year period starting in Q3 2026 and ending in Q4 2036, following which Triple Flag will be entitled to gold deliveries equal to 1.5% of the prior quarter’s gold production from the ATO mine, subject to a 500 gold ounce quarterly cap. Unless otherwise indicated, all amounts are expressed in US dollars. "We are pleased to announce a settlement agreement with Steppe, in which Triple Flag has received all obligations in arrears. Looking ahead, we have secured fixed gold deliveries over the next ten years from Steppe that are guaranteed, as well as long-term exposure to gold production from the ATO mine," commented Sheldon Vanderkooy, CEO of Triple Flag. "Triple Flag’s portfolio achieved strong operating performance year-to-date, including record GEOs and operating cash flow per share in the first quarter. With the receipt of gold and silver deliveries on settlement of the dispute with Steppe, as well as the fixed gold deliveries to be received in the second half of the year, we are increasing our 2026 GEOs guidance to 100,000 to 110,000 GEOsi from 95,000 to 105,000 GEOs. I congratulate and thank the Steppe team for their achievements with ATO, success with their Boroo and Ulaanbulag operating mines, and support for a path forward on our partnership." Key Terms of Settlement Agreement About Triple Flag Precious Metals Corp. Triple Flag is a precious metals streaming and royalty company. We offer investors exposure to gold and silver from a total of 241 assets, consisting of 16 streams and 225 royalties, primarily from the Americas and Australia. These streams and royalties are tied to mining assets at various stages of t...

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