Record GEOs and Cash Flow
Triple Flag Precious Metals Corp. achieved record GEOs of 113,000 ounces, marking the eighth consecutive year of GEO growth. The company also reported an annual operating cash flow of $214 million, benefiting from a rising metal price environment.
Significant Portfolio Growth
The acquisition of the Tres Quebradas Royalty for $28 million was announced, providing exposure to a large, well-capitalized mining project with long-term benefits for shareholders. Additionally, Cerro Lindo GEOs increased by 24% year over year, and Camino Rojo achieved record production of 137,000 ounces, a 19% beat on initial guidance.
Strong Financial Performance
The company paid out over $43 million in dividends, reflecting a 5% increase, and returned nearly $9 million to shareholders via share buybacks. Triple Flag Precious Metals Corp. maintains a debt-free balance sheet with over $700 million available for new transactions.
Growth Projections
The company projects GEOs of 105,000 to 115,000 ounces for 2025 and anticipates further growth to 135,000 to 145,000 GEOs by 2029, representing over 25% growth from 2025.