Triple Flag Precious Metals (TFPM) Company Report

Analyst Coverage

Research analysts who have asked questions during Triple Flag Precious Metals earnings calls.

Tanya Jakusconek

Scotiabank

6 questions for TFPM

Also covers: AEM, AU, BVN +11 more

Derick Ma

TD Cowen

5 questions for TFPM

Also covers: FNV, RGLD, SAND +2 more

Cosmos Chiu

CIBC World Markets

4 questions for TFPM

Also covers: AGI, EGO, FNV +6 more

Brian MacArthur

Raymond James Financial, Inc.

3 questions for TFPM

Also covers: CCJ, CDE, CG +10 more

Fahad Tariq

Jefferies Financial Group

3 questions for TFPM

Also covers: AEM, BTO, ERO +8 more

Brian McArthur

Raymond James

2 questions for TFPM

Lawson Winder

Bank of America

2 questions for TFPM

Also covers: AA, AEM, CCJ +22 more

Sam Overwater

Scotiabank

2 questions for TFPM

Joshua Wolfson

RBC Capital Markets

1 question for TFPM

Also covers: AEM, AU, CDE +8 more

Mikel Abasolo

Independent Analyst

1 question for TFPM

Latest news

Recent press releases and 8-K filings for TFPM.

Triple Flag Precious Metals Presents Growth Outlook and Project Updates

TFPM

Guidance Update

Dividends

New Projects/Investments

Triple Flag Precious Metals (TFPM) projects significant growth in attributable gold equivalent ounces (GEOs), with expectations of 95,000-105,000 ounces in 2026 and 140,000-150,000 ounces by 2030, representing a 45% increase midpoint to midpoint.
The company maintains a strong financial position, reporting no debt, over $70 million in cash at year-end, and $1 billion in available credit. TFPM has also consistently increased its dividend, from $0.19 per share at its 2021 IPO to $0.23 per share currently.
Key growth catalysts include developments at Northparkes, where TFPM is funding $83 million for guaranteed 45,000 ounces of gold between 2030 and 2037 from the E44 deposit, and the Arturo Project in Nevada, which is expected to contribute for decades.

4 days ago

Transcript

Triple Flag Precious Metals Highlights Strong Growth and Asset Developments at BMO Conference

TFPM

Guidance Update

Dividends

New Projects/Investments

Triple Flag Precious Metals (TFPM) projects significant growth in Gold Equivalent Ounces (GEOs), expecting 95,000-105,000 ounces in 2026 and 140,000-150,000 ounces by 2030, representing a 45% increase midpoint to midpoint.
The company maintains a strong financial position with no debt, over $70 million in cash at year-end, and $1 billion in available credit.
TFPM has consistently increased its dividend, from $0.19 per share at its 2021 IPO to $0.23 a share currently, while reducing the percentage of cash flow distributed to less than 10%.
Key growth catalysts include the Northparkes asset, with the E48 sublevel cave benefiting in 2026, approval of the E22 block cave for the 2030+ period, and a new deal for the E44 gold-only deposit involving an $83 million funding by TFPM for 45,000 guaranteed gold ounces between 2030 and 2037.
Other significant growth projects include Arturo (Nevada), Kemess (Canada), Hope Bay (Canada), and Kone (expected production late 2026), all located in Tier One jurisdictions with strong operators.

4 days ago

Transcript

Triple Flag Precious Metals Highlights Growth and Project Developments at BMO Conference

TFPM

Guidance Update

Dividends

New Projects/Investments

Triple Flag Precious Metals (TFPM) projects significant growth in Gold Equivalent Ounces (GEOs), with guidance of 95,000 to 105,000 ounces for 2026 and 140,000 to 150,000 ounces for 2030, representing a 45% increase midpoint to midpoint, largely embedded in the existing portfolio.
The company maintains a strong financial position with no debt and over $70 million in cash at year-end, along with $1 billion in available credit.
TFPM has consistently increased its dividend, now at $0.23 per share, up from $0.19 at its 2021 IPO.
Key project developments include a new deal at Northparkes for the E44 gold-only deposit, involving an $83 million funding to Evolution for 45,000 guaranteed ounces of gold between 2030 and 2037, alongside the approval of the E22 block cave and studies for increased throughput.
Other significant growth catalysts include the Arthur Project in Nevada, the Kemess project in Canada, and the Hope Bay project in Nunavut, with a construction decision expected in May 2026.

4 days ago

Transcript

Triple Flag Precious Metals Reports Record 2025 Performance and Outlines Growth Outlook

TFPM

Earnings

Guidance Update

New Projects/Investments

Triple Flag Precious Metals achieved record performance in full year 2025, with record production of 113,000 GEOs and a 45% increase in cash flow per share to $1.54. The company ended the year debt-free with over $70 million in cash and $1 billion available on its credit facility.
The company provided 2026 guidance of 95,000-105,000 GEOs and an outlook for 140,000-150,000 GEOs by 2030, representing approximately 45% growth from the midpoint of 2026 guidance.
In 2025, Triple Flag invested over $350 million in value-accretive deals and continued its capital allocation strategy, paying nearly $46 million in dividends and buying back $9 million of shares at an average of $17.39 per share.
Northparkes is highlighted as a significant growth asset with approved E22 Block Cave development, a study for mill expansion, and an agreement for guaranteed minimum deliveries from the E44 gold-only deposit starting in 2030. Other key growth assets include Arthur, Kemess, and Hope Bay.

Feb 19, 2026, 2:00 PM

Transcript

Triple Flag Precious Metals Reports Record 2025 Performance and Provides Strong Growth Outlook

TFPM

Earnings

Guidance Update

New Projects/Investments

Triple Flag Precious Metals reported record performance for full year 2025, achieving 113,000 GEOs and $1.54 cash flow per share, a 45% increase from 2024. The company ended 2025 debt-free with over $70 million in cash and $1 billion available on its credit facility.
For 2026, the company expects production of 95,000-105,000 GEOs, with a long-term outlook projecting growth to 140,000-150,000 GEOs by 2030, representing approximately 45% growth from the midpoint of 2026 guidance.
In 2025, Triple Flag invested over $350 million in new value-accretive streams and royalties, including projects like Arcata, Arthur, Johnson Camp, and Minera Florida.
Key developments at the Northparkes asset include the approval of the E22 Block Cave development, studies for mill expansion to at least 10 million tons per annum, and an agreement for guaranteed minimum deliveries from the E44 gold-only deposit starting in 2030.

Feb 19, 2026, 2:00 PM

Transcript

Triple Flag Precious Metals Announces Record 2025 Results and 2026 Guidance

TFPM

Earnings

Guidance Update

New Projects/Investments

Triple Flag Precious Metals reported record performance in 2025, achieving 113,000 GEOs and a 45% increase in cash flow per share to $1.54.
The company issued 2026 guidance for 95,000-105,000 GEOs and projects organic growth to 140,000-150,000 GEOs by 2030.
In 2025, TFPM deployed over $350 million into new streams and royalties, maintaining a strong financial position by ending the year debt-free with over $70 million in cash and $1 billion in credit facility availability.
Shareholder returns included nearly $46 million in dividends (with a 5% increase) and $9 million in share buybacks at an average price of approximately $17.39 per share.

Feb 19, 2026, 2:00 PM

Transcript

Triple Flag Precious Metals Corp. Announces Record 2025 Results and 2026 Guidance

TFPM

Earnings

Guidance Update

New Projects/Investments

Triple Flag Precious Metals Corp. reported record earnings per share and operating cash flow per share growth in 2025, with full-year revenue of $388.7 million and 113,237 Gold Equivalent Ounces (GEOs).
The company declared a quarterly cash dividend of US$0.0575 per common share to be paid on March 16, 2026.
For 2026, Triple Flag expects stream sales and royalty revenue of 95,000 to 105,000 GEOs.
Triple Flag deployed over $350 million in 2025, including an agreement to fund $84.3 million for the development of the E44 gold deposit at Northparkes, and maintains a long-term organic growth outlook of 140,000 to 150,000 GEOs by 2030.
The company renewed its normal course issuer bid (NCIB) during Q4 2025 and bought back 29,700 shares for $1.0 million since the renewal.

Feb 18, 2026, 10:07 PM

6-K

Triple Flag Precious Metals Corp. Reports Record 2025 Financial Results and Strategic Acquisitions

TFPM

Earnings

M&A

Dividends

For the year ended December 31, 2025, Triple Flag Precious Metals Corp. reported record annual operating cash flow of $312.8 million, a 47% increase from the prior year, and total revenues of $388.7 million, up from $269.0 million in 2024. The company achieved net earnings of $240.0 million in 2025, a significant improvement from a net loss in 2024.
In 2025, Triple Flag significantly expanded its portfolio through key acquisitions, including Orogen Royalties Inc. for C$171.5 million in cash and 5,633,629 common shares, Minera Florida Royalties for $23.0 million, a 0.5% GR royalty on the Tres Quebradas lithium project for $28.0 million, and 5% silver and gold streams on the Arcata and Azuca mines for $35.0 million.
The company renewed and upsized its Credit Facility to $700.0 million (with an additional $300.0 million accordion) maturing in April 2029, with a $nil balance as of December 31, 2025. Additionally, Triple Flag declared and paid $45.8 million in dividends and repurchased 518,300 common shares for $9.0 million under its NCIB program in 2025.

Feb 18, 2026, 10:00 PM

6-K

Triple Flag Funds E44 Gold Deposit Development at Northparkes

TFPM

New Projects/Investments

Triple Flag International Ltd., a wholly-owned subsidiary of Triple Flag, will fund US$84.3 million in the fourth quarter of 2026 for the development of the E44 Gold Deposit at Northparkes.
In return, Evolution Mining Limited has guaranteed minimum deliveries of 45,052 ounces of gold and 446,200 ounces of silver to Triple Flag from the E44 Gold Deposit over the 2030 to 2037 period.
Triple Flag International will acquire 20% of payable gold and 30% of payable silver from the E44 Gold Deposit for an ongoing payment of 10% of the spot price for each ounce delivered.
The US$84.3 million funding will be sourced from Triple Flag's available capital, including cash on hand and its $700 million credit facility plus a $300 million accordion facility.

Feb 10, 2026, 10:15 PM

6-K

Royalty and Streaming Companies Discuss 2025 Performance and 2026 Outlook

TFPM

M&A

Guidance Update

New Projects/Investments

The royalty and streaming sector experienced record M&A activity in 2025 with over $9 billion in deals, though 55% were outside Tier 1 jurisdictions and 26% were unsecured. Despite this, royalty companies generally underperformed the gold index in 2025.
OR Royalties achieved its 2025 guidance, is debt-free with over $1 billion in liquidity, and projects 40% growth over the next five years from existing assets, while maintaining a disciplined approach to acquisitions.
Royal Gold significantly expanded its portfolio in 2025 with key acquisitions, including Sandstorm and Horizon Copper for $3.5 billion and a $1 billion gold stream on Kansanshi, while also reducing its debt by $400 million and increasing its dividend for 25 consecutive years.
Triple Flag Precious Metals achieved 113,000 ounces in 2025 GEO production (near the top of guidance) and forecasts 135,000-145,000 ounces by 2029 from its existing portfolio. The company is debt-free and acquired a 1% royalty on the Arthur Project in Nevada.