Triple Flag Announces Increase in Credit Facility Availability to US$1 Billion at Improved Terms

https://www.businesswire.com/news/home/20250423954035/en/Triple-Flag-Announces-Increase-in-Credit-Facility-Availability-to-US%241-Billion-at-Improved-Terms

Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX:TFPM, NYSE:TFPM) is pleased to announce that its Board of Directors has approved the declaration of a cash dividend of US$0.055 per common share to be paid on June 16, 2025, to the shareholders of record at the close of business on May 30, 2025.

https://www.businesswire.com/news/home/20250506452067/en/Triple-Flag-Declares-Q2-2025-Dividend

Triple Flag Announces Record Quarterly Cash Flow and Strong Q1 2025 Results

https://www.businesswire.com/news/home/20250506351523/en/Triple-Flag-Announces-Record-Quarterly-Cash-Flow-and-Strong-Q1-2025-Results

Q1 2025 Financial Highlights

GEOs Sold by Commodity and Revenue by Commodity

Corporate Updates

• 2025 GEOs Guidance and 2029 Outlook Maintained: Triple Flag remains on track to achieve its sales guidance for 2025 of 105,000 to 115,000 GEOs.

https://www.businesswire.com/news/home/20250507561857/en/Triple-Flag-Announces-Election-of-Directors

Stage 1 Fletcher Resource almost doubles the current Beta Hunt Resource

PERTH, Western Australia, June 23, 2025 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) – (Westgold or the Company) is pleased to announce its maiden Mineral Resource Estimate (MRE) for the Fletcher Zone at the Beta Hunt mine in the Southern Goldfields of Western Australia.

Stage 1 drilling only tested 1 kilometre of the 2 kilometres of known strike of the Fletcher Zone, with a Stage 2 programme now being planned to test strike and depth extensions (see Figure 1). [Blockierte Grafik: https://mma.prnewswire.com/media/2716152/Westgold_Resources_Limited_Fletcher_Zone_Maiden_Mineral_Resource.jpg?w=350] Figure 1 - Plan view schematic of the Fletcher zone at Beta Hunt (CNW Group/Westgold Resources Limited) [Blockierte Grafik: https://mma.prnewswire.com/media/2716153/Westgold_Resources_Limited_Fletcher_Zone_Maiden_Mineral_Resource.jpg?w=350] Figure 2 – Westgold’s Southern Goldfields operations overview. (CNW Group/Westgold Resources Limited) [Blockierte Grafik: https://mma.prnewswire.com/media/2716154/Westgold_Resources_Limited_Fletcher_Zone_Maiden_Mineral_Resource.jpg?w=350] Figure 3 – Fletcher schematic cross-section. (CNW Group/Westgold Resources Limited) [Blockierte Grafik: https://mma.prnewswire.com/media/2716155/Westgold_Resources_Limited_Fletcher_Zone_Maiden_Mineral_Resource.jpg?w=350] Figure 4 – Fletcher schematic long-section showing Stage 1 area mineralisation (CNW Group/Westgold Resources Limited) [Blockierte Grafik: https://mma.prnewswire.com/media/2716156/Westgold_Resources_Limited_Fletcher_Zone_Maiden_Mineral_Resource.jpg?w=350] Figure 6 – Westgold truck exiting the Beta Hunt West Portal. (CNW Group/Westgold Resources Limited) [Blockierte Grafik: https://mma.prnewswire.com/media/2716149/Westgold_Resources_Limited_Fletcher_Zone_Maiden_Mineral_Resource.pdf?p=pdfthumbnail] Fletcher Zone Maiden Mineral Resource of 2.3Moz (CNW Group/Westgold Resources Limited)

Highlights

• Maiden MRE for Fletcher Zone of 31Mt @ 2.3g/t Au for 2.3Moz Au
• Inclusion of Stage 1 Fletcher MRE effectively doubles the September 2024 Beta Hunt Mineral Resource
• Stage 1 Fletcher Zone mineralisation extends over a zone up to 500m in width – and 2 km in strike length with a vertical extent in excess of 800m
• Significant opportunity for resource extensions
  • MRE drilling tested Stage 1 - the first 1km of the known 2km strike of Fletcher
  • Stage 1 Mineral Resource remains open at depth
• Stage 1 Mineral Resource conversion drilling commenced at Fletcher – targeting a - maiden Ore Reserve in FY26

TFPM - Royalty rate of 3.25% GR royalty + 1.5% NSR royalty gold and 1.5% NSR royalty nickel.

https://s29.q4cdn.com/841442677/files/doc_downloads/2025/key-documents/2023-Triple-Flag-Asset-Handbook.pdf

Orogen Shareholder's Overwhelmingly Approve Plan of Arrangement with Triple Flag Precious Metals at Annual General and Special Meeting

Triple Flag Announces Record Q2 2025 Revenues

https://www.businesswire.com/news/home/20250709129184/en/Triple-Flag-Announces-Record-Q2-2025-Revenues

Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced record revenue of US$94.1 million for the second quarter of 2025 from quarterly metal sales of 28,682 gold equivalent ounces (“GEOs”). All dollar amounts are expressed in US dollars, unless otherwise noted.

“Triple Flag achieved another quarter of record revenue, driven by record performance from Northparkes. Following a strong first half of the year, we remain on track to deliver our 2025 GEOs guidance of 105,000 to 115,000 ounces,” commented Sheldon Vanderkooy, CEO. “We expect our transaction with Orogen Royalties to close imminently, which will result in Triple Flag’s acquisition of a 1.0% NSR royalty on AngloGold Ashanti’s Arthur gold project¹ in Nevada. Arthur is a tier one gold asset that we expect will drive significant additional long-term GEOs growth.”

Preliminary Q2 2025 GEOs Sold and Revenue

Triple Flag Completes Acquisition of Orogen Royalties and its 1.0% NSR Royalty on the Arthur Gold Project in Nevada

https://www.businesswire.com/news/home/20250709959467/en/Triple-Flag-Completes-Acquisition-of-Orogen-Royalties-and-its-1.0-NSR-Royalty-on-the-Arthur-Gold-Project-in-Nevada

Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) is pleased to announce the completion of the previously announced acquisition of all the issued and outstanding common shares of Orogen Royalties Inc. (“Orogen”) pursuant to a plan of arrangement (the “Transaction”). Unless otherwise indicated, all amounts are expressed in US dollars.

As part of the Transaction, Triple Flag acquired Orogen’s 1.0% net smelter returns (“NSR”) royalty on the Arthur gold project (formerly the Expanded Silicon gold project) in Nevada being developed by AngloGold Ashanti plc. Pursuant to the Transaction, Orogen shareholders had the right to elect to receive either C$1.63 in cash or 0.05355 of a Triple Flag share for each Orogen share, and also received 0.25 shares in a newly created company (“Orogen Spinco”) for each Orogen share. The shareholder election was subject to pro-ration such that the cash and share portions of the consideration paid by Triple Flag each represented 50% of the total consideration, excluding the value of Orogen Spinco. Based on the elections made, Triple Flag paid in aggregate C$171.5 million in cash and issued 5,633,629 Triple Flag common shares to Orogen shareholders.

https://www.accessnewswire.com/newsroom/en/metals-and-mining/orogen-royalties-completes-plan-of-arrangement-with-triple-flag-precious-metals-1047403

Shareholders at the close of business on July 9,2025, who elected to receive Triple Flag Shares or made no election and defaulted to the share election were prorated such that they will receive 0.02901 Triple Flag shares and approximately $0.74687 cash plus 0.25 Orogen SpinCo shares for each Orogen Share held. Shareholders who elected cash will receive $1.63 cash plus 0.25 Orogen SpinCo shares for each Orogen Share held.

Triple Flag Increases Quarterly Dividend by 5%

https://www.businesswire.com/news/home/20250806330790/en/Triple-Flag-Increases-Quarterly-Dividend-by-5

Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX:TFPM, NYSE:TFPM) is pleased to announce that its Board of Directors has approved the declaration of a cash dividend of US$0.0575 per common share to be paid on September 15, 2025, to the shareholders of record at the close of business on September 2, 2025.

Triple Flag’s forward annualized dividend is now US$0.23 per common share, an increase of 5% versus the previous annualized dividend of US$0.22 per common share. This represents the Company’s fourth consecutive annual 5% increase of the quarterly dividend since its May 2021 initial public offering.

TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced its results for the second quarter of 2025 and declared a dividend of US$0.0575 per common share to be paid on September 15, 2025. Unless otherwise indicated, all amounts are expressed in US dollars.

“Triple Flag generated record operating cash flow per share in the second quarter of 2025, and we remain firmly on track to deliver our 2025 guidance of 105,000 to 115,000 GEOs over the balance of the year,” commented Sheldon Vanderkooy, CEO. “We are also pleased to announce our fourth consecutive annual 5% increase to our quarterly dividend since our IPO in 2021. Early in July, we completed our acquisition of a 1.0% NSR royalty on the world-class Arthur gold project located in Nevada. Operated by a top-tier producer in AngloGold Ashanti plc, the project offers exceptional long-term growth potential, underpinned by a rapidly expanding resource base and significant exploration upside. We also acquired an additional 1.5% GR royalty over the Johnson Camp Mine in Arizona during the quarter, which is expected to commence first copper sales in the third quarter of 2025. Looking ahead, we are closely following the progress of several catalysts across our portfolio, including the commencement of production at Johnson Camp Mine, Arcata, and Tres Quebradas in the second half of 2025, as well as development progress with respect to the E48 sub-level cave at Northparkes and the Koné, Hope Bay and Arthur gold projects.”

https://www.businesswire.com/news/home/20250806486871/en/Triple-Flag-Announces-Record-Operating-Cash-Flow-Per-Share-in-Q2-2025-and-Increases-Dividend

Triple Flag: A Solid Buy-The-Dip Candidate

https://seekingalpha.com/article/4812696-triple-flag-a-solid-buy-the-dip-candidate

• Triple Flag delivered record Q2'25 results, with GEO sales up 6% and strong revenue/cash flow growth despite some minor setbacks that softened its deliveries.
• Despite these setbacks, it remains on track to meet 2025 guidance, demonstrating the business' resilience from a highly diversified portfolio focused on top-ranked jurisdictions.
• Triple Flag has paused buybacks, unlike some peers unloading on buybacks at far less attractive valuations, highlighting its discipline to be opportunistic.
• In this update, we'll dig into its Q2'25 results, some recent developments, and why it continues to be one of the best ways to get exposure to precious metals.

Summary

Triple Flag had another record quarter in Q2'25, and more records are on deck in H2'25. This is related to contributions from new assets (Arcata, Tres Quebradas, Johnson Camp), higher silver prices, new records in gold prices, and the fact that it continues to have a heavy silver weighting relative to its peers in a favorable period of recent silver price outperformance.

Unfortunately, this heavy silver weighting will see a minor hit next year with the step down on its Cerro Lindo stream in Peru, but this is hardly a deal-breaker for the investment thesis, and Triple Flag's deep portfolio can easily withstand this impact, as it did the sharp drop in grades vs. peak years at Fosterville.

Meanwhile, from a big picture standpoint, Triple Flag may be getting closer to being fairly priced after an impressive two years of share price outperformance vs. gold, but assuming ~150,000 GEOs in 2030 and a 25x free cash flow multiple (greater scale, Tier-1 premium), this is a company that could be trading at ~$40.50/share ($3,100/oz gold price), ~US$45.00/share ($3,400/oz gold price), or ~US$48.80/share ($3,700/oz gold price) using different gold price scenarios and a static $36.00/oz silver price.

Importantly, these fair value estimates exclude over $1.0 billion [US$5.00/share] in net cash (year-end 2030) from ongoing cash build assuming the company does only smaller transactions and no major transactions and simply pays out regular dividends, based on a flat $3,000/oz gold price assumption.

Hence, I see considerable long-term upside for the stock, and I see TFPM as one of the sector's best buy-the-dip candidates for those looking for no-nonsense exposure to gold/silver in a sleep-well-at-night vehicle with a team that has a proven track record of creating shareholder value. In summary, I would view any sharp pullbacks in the stock as buying opportunities, and I would not be surprised to see the stock trading above US$32.00/share by the end of 2026.

Triple Flag Announces Strong Revenue in Q3 2025 and First Production from Johnson Camp Mine and Tres Quebradas

https://www.businesswire.com/news/home/20251008586321/en/Triple-Flag-Announces-Strong-Revenue-in-Q3-2025-and-First-Production-from-Johnson-Camp-Mine-and-Tres-Quebradas

Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced strong revenue of US$93.5 million for the third quarter of 2025 from quarterly metal sales of 27,037 gold equivalent ounces (“GEOs”). All dollar amounts are expressed in US dollars, unless otherwise noted.

“Triple Flag delivered another strong quarter of performance anchored by Northparkes, and the Company remains on track to achieve our 2025 GEOs guidance of 105,000 to 115,000 ounces, with 84,480 GEOs sold over the first three quarters of the year. Our strong year-to-date performance in 2025 allows us to directly benefit from record gold prices, which reached a record average of approximately $3,457 per ounce during the third quarter. We are also pleased to congratulate our operating partners on the start of production at Johnson Camp Mine and Tres Quebradas towards the end of the third quarter, in line with their market guidance. Triple Flag recorded its first revenue from these two assets in the third quarter, increasing the number of cash flowing assets in our portfolio. We look forward to these long-life, scalable mines delivering value to our shareholders for decades into the future,” commented Sheldon Vanderkooy, CEO.

Preliminary Q3 2025 GEOs Sold and Revenue

TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) is pleased to announce that its Board of Directors has approved the declaration of a cash dividend of US$0.0575 per common share to be paid on December 15, 2025, to the shareholders of record at the close of business on December 1, 2025.

https://www.businesswire.com/news/home/20251104267433/en/Triple-Flag-Declares-Q4-2025-Dividend

Triple Flag Announces Record Operating Cash Flow per Share in Q3 2025