Triple Flag Delivers Record GEOs for the Ninth Consecutive Year and Achieves the Top Half of 2025 GEOs Guidance
Triple Flag Delivers Record GEOs for the Ninth
Consecutive Year and Achieves the Top Half of 2025
GEOs Guidance
TORONTO--(BUSINESS WIRE)--January 14, 2026--Triple Flag Precious Metals Corp. (with its subsidiaries,
“Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced record quarterly revenue of
US$118.9 million for the fourth quarter of 2025 from quarterly metal sales of 28,757 gold equivalent ounces
(“GEOs”). For full year 2025, Triple Flag announced record revenue of $388.7 million and record GEOs of
113,237, achieving the top half of GEOs guidance. All dollar amounts are expressed in US dollars, unless
otherwise noted.
“I am pleased to announce that Triple Flag achieved the top half of GEOs sales guidance for 2025,” commented
Sheldon Vanderkooy, CEO. “Our top-tier assets operated by industry-leading producers performed
exceptionally throughout the year, while key growth projects delivered major milestones on the path to
production, including Arcata, Koné, Hope Bay, Goldfield, and Arthur. Our business will create further
shareholder value from a record gold and silver price environment that is surfacing meaningful optionality from
our large and diversified portfolio, as well as a strong external growth pipeline supported by more than a billion
dollars of liquidity.”
Preliminary Q4 2025 and Full Year 2025 GEOs Sold and Revenue
GEOs Sold and Revenue by Commodity1
Q4 2025 FY2025
GEOs Sold Revenue ($M) GEOs Sold Revenue ($M)
Gold 11,780 48.7 72,766 243.0
Silver 16,977 70.2 40,471 145.7
Total 28,757 118.9 113,237 388.7
Conference Call Details
Triple Flag will release its Q4 2025 results on Wednesday, February 18, 2026, after market close.
A conference call and live webcast presentation will be held the following day, February 19, starting at 9:00 a.m.
ET (6:00 a.m. PT) to discuss these results. The live webcast can be accessed by visiting the Events and
Presentations page on the Company’s website at: www.tripleflagpm.com. An archived version of the webcast
will be available on the website for one year following the webcast.
Live Webcast: https://events.q4inc.com/attendee/213863882
Dial-In Details:
Toll-Free (U.S. & Canada): +1 (888) 330-2384
International: +1 (647) 800-3739
Conference ID: 4548984, followed by # key
Replay (Until March 5):
Toll-Free (U.S. & Canada): +1 (800) 770-2030
International: +1 (647) 362-9199
Conference ID: 4548984, followed by # key
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 239 assets, consisting of 16 streams and 223 royalties, primarily from the Americas and Australia.
These streams and royalties are tied to mining assets at various stages of the mine life cycle, including 33
producing mines and 206 development and exploration stage projects and other assets. Triple Flag is listed on
the Toronto Stock Exchange and New York Stock Exchange, under the ticker “TFPM”.
Qualified Person
James Lill, Director, Mining for Triple Flag Precious Metals and a “qualified person” under NI 43-101 has
reviewed and approved the written scientific and technical disclosures contained in this press release.
Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities
laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation
Reform Act of 1995, respectively (collectively referred to herein as “forward-looking information”). Forward-
looking information may be identified by the use of forward-looking terminology such as “plans”, “targets”,
“expects”, “is expected”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”,
“strategy”, “intends”, “anticipates”, “believes” or variations of such words and phrases or terminology which
states that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or
“be achieved”. Forward-looking information in this news release include, but are not limited to, statements with
respect to the accounting treatments for certain of the Company’s streams, the Company’s preliminary sales and
revenue information for the fourth quarter of 2025, the release of its financial results for the fourth quarter of
2025, and the conduct of the conference call to discuss said results. In addition, any statements that refer to
expectations, intentions, projections or other characterizations of future events or circumstances contain forward-
looking information. Statements containing forward-looking information are not historical facts but instead
represent management’s expectations, estimates and projections regarding possible future events or
circumstances.
The forward-looking information included in this news release is based on our opinions, estimates and
assumptions in light of our experience and perception of historical trends, current conditions and expected future
developments, as well as other factors that we currently believe are appropriate and reasonable in the
circumstances. The forward-looking information contained in this news release is also based upon a number of
assumptions, including the ongoing operation of the properties in which we hold a stream or royalty interest by
the owners or operators of such properties in a manner consistent with past practice; the accuracy of public
statements and disclosures made by the owners or operators of such underlying properties; and the accuracy of
publicly disclosed expectations for the development of underlying properties that are not yet in production.
These assumptions include, but are not limited to, the following: assumptions in respect of current and future
market conditions and the execution of our business strategies; that operations, or ramp-up where applicable, at
properties in which we hold a royalty, stream or other interest continue without further interruption through the
period; and the absence of any other factors that could cause actions, events or results to differ from those
anticipated, estimated, intended or implied. Despite a careful process to prepare and review the forward-looking
information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be
correct. Forward-looking information is also subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or achievements to be materially different from
those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors
include, but are not limited to, those set forth under the caption “Risk and Risk Management” in our
management’s discussion and analysis in respect of the fourth quarter and full year of 2024 and the caption
“Risk Factors” in our most recently filed annual information form, each of which is available on SEDAR+ at
www.sedarplus.ca and on EDGAR at www.sec.gov. In addition, we note that mineral resources that are not
mineral reserves do not have demonstrated economic viability and inferred resources are considered too
geologically speculative for the application of economic considerations.
Although we have attempted to identify important risk factors that could cause actual results or future events to
differ materially from those contained in the forward-looking information, there may be other risk factors not
presently known to us or that we presently believe are not material that could also cause actual results or future
events to differ materially from those expressed in such forward-looking information. There can be no assurance
that such information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking
information, which speaks only as of the date made. The forward-looking information contained in this news
release represents our expectations as of the date of this news release and is subject to change after such date. We
disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether
as a result of new information, future events or otherwise, except as required by applicable securities laws. All of
the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary
statements.
Cautionary Statement to U.S. Investors
Information contained or referenced in this press release or in the documents referenced herein concerning the
properties, technical information and operations of Triple Flag has been prepared in accordance with
requirements and standards under Canadian securities laws, which differ from the requirements of the U.S.
Securities and Exchange Commission (“SEC”) under subpart 1300 of Regulation S-K (“S-K 1300”). Because the
Company is eligible for the Multijurisdictional Disclosure System adopted by the SEC and Canadian Securities
Administrators, Triple Flag is not required to present disclosure regarding its mineral properties in compliance
with S-K 1300. Accordingly, certain information contained in this press release may not be comparable to similar
information made public by U.S. companies subject to reporting and disclosure requirements of the SEC.
Technical and Third-Party Information
Triple Flag does not own, develop or mine the underlying properties on which it holds stream or royalty
interests. As a royalty or stream holder, Triple Flag has limited, if any, access to properties included in its asset
portfolio. As a result, Triple Flag is dependent on the owners or operators of the properties and their qualified
persons to provide information to Triple Flag and on publicly available information to prepare disclosure
pertaining to properties and operations on the properties on which Triple Flag holds stream, royalty or other
similar interests. Triple Flag generally has limited or no ability to independently verify such information.
Although Triple Flag does not believe that such information is inaccurate or incomplete in any material respect,
there can be no assurance that such third-party information is complete or accurate.
_________________________
1 Results are unaudited. The Company cautions that, whether or not expressly stated, all fourth quarter figures
contained in this press release including, without limitation, sales and associated costs are preliminary, and
reflect our expected fourth quarter results as of the date of this press release. Actual reported fourth quarter sales
and associated costs are subject to management’s final review and may vary significantly from those
expectations because of a number of factors, including, without limitation, additional or revised information, and
changes in accounting standards or policies, or in how those standards are applied.
GEOs are calculated on a quarterly basis by dividing all revenue from such interests for the quarter by the
average gold price during such quarter. The gold price is determined based on the LBMA PM fix. For periods
longer than one quarter, GEOs are summed for each quarter in the period.
Contacts
Investor Relations:
David Lee
Vice President, Investor Relations
Tel: +1 (416) 304-9770
Email: [email protected]
Media:
Gordon Poole, Camarco
Tel: +44 (0) 7730 567 938
Email: [email protected]