Triple Flag Delivers Strong Q2 2026 GEOs and Repurchases $20 Million of Shares
Triple Flag Delivers Strong Q2 2026 GEOs
and Repurchases $20 Million of Shares
TORONTO--(BUSINESS WIRE)--July 9, 2026--Triple Flag Precious Metals Corp. (with its
subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced revenue
of US$129.2 million for the second quarter of 2026 from quarterly metal sales of 28,674 gold
equivalent ounces (“GEOs”). Preliminary cost of sales, excluding depletion, for the three months
ended June 30, 2026, was approximately $25 million. All dollar amounts are expressed in US
dollars, unless otherwise noted.
“Our diversified asset base delivered strong performance in the second quarter, and Triple Flag
is well-positioned to achieve our recently increased 2026 GEOs guidance of 100,000 to 110,000
ounces,” commented Sheldon Vanderkooy, CEO. “During the second quarter of 2026, we also
completed our $440 million acquisition of a gold stream on the Ravenswood mine in Australia,
adding immediate cash flow, and bought back $20 million of shares in the open market. Our
disciplined approach to capital allocation is focused on delivering enduring value for our
shareholders, supported by the strong cash flow our business generates and the multiple
development catalysts our Tier One asset base has achieved year-to-date. With over $1 billion of
available liquidity, we continue to pursue accretive growth opportunities as we enter the second
half of 2026.”
Preliminary Q2 2026 Results1
GEOs Sold and Revenue by Commodity
Q2 2026
GEOs Sold Revenue ($M)
Gold 18,181 81.9
Silver 9,846 44.4
Copper and other 647 2.9
Total 28,674 129.2
Conference Call Details
Triple Flag will release its Q2 2026 results on Wednesday, August 5, after market close.
A conference call and live webcast presentation will be held the following day, August 6, 2026,
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 An archived version of the webcast will be available on the website for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/956982780
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 August
20):
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 242 assets, consisting of 17 streams and 225 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 36 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
second quarter of 2026, the release of its financial results for the second quarter of 2026,
developments in respect of the Company’s portfolio of royalties and streams and related interests
and those developments with respect to certain of the mines, projects, properties, studies or
reports that underlie the Company’s interests, strengths and characteristics, 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 2025 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 second
quarter figures contained in this press release including, without limitation, sales and associated
costs are preliminary, and reflect our expected second quarter results as of the date of this press
release. Actual reported second 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.
Contacts
Investor Relations:
David Lee
Vice President, Investor Relations
Tel: +1 (416) 304-9770
Email: [email protected]
Media:
Elfie Kent, Camarco
Tel: +44 (0) 20 3757 4980
Email: [email protected]