Triple Flag Precious Metals Corp. ((TSE:TFPM)) has held its Q3 earnings call. Read on for the main highlights of the call.
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Triple Flag Precious Metals Corp. recently held its earnings call, highlighting a strong financial performance and strategic investments that contribute to a positive market outlook. Despite these achievements, the company faces challenges with legal proceedings involving Steppe Gold and operational hurdles at the Minera Florida mine.
Record GEOs and Financial Performance
Triple Flag Precious Metals Corp. announced a record quarter in Q3 2025, achieving 27,000 Gold Equivalent Ounces (GEOs). This milestone contributed to a record adjusted EBITDA of $79 million and an impressive operating cash flow per share of USD 0.39, marking a year-over-year increase of over 25%.
Strong Balance Sheet and Liquidity
The company ended the quarter with virtually zero net debt, positioning itself in a net cash status. With total liquidity nearing $1 billion, Triple Flag is well-equipped to seize future growth opportunities.
Strategic Investments
Triple Flag has strategically deployed over $350 million across five investments, including ventures in Argentina, Peru, Arizona, and Chile. These investments are either in production or on track, reflecting the company’s commitment to expanding its portfolio.
Positive Market Environment
The company benefited from record quarterly average prices for gold and silver, with gold nearing $3,500 per ounce and silver close to $40 per ounce, enhancing its revenue streams.
Royalty Acquisitions
Triple Flag completed the acquisition of a 1% NSR royalty on the Arthur project in Nevada and a royalty package on the Minera Florida gold mine in Chile for $23 million, further strengthening its asset base.
Positive Outlook
Looking ahead, Triple Flag aims to achieve GEOs between 135,000 to 145,000 by 2029, driven by ramp-ups and new additions such as Arcata, Johnson Camp, and Minera Florida.
Legal Proceedings with Steppe Gold
The company is engaged in international arbitration proceedings with Steppe Gold, to whom it is owed approximately USD 10 million. Triple Flag remains confident in its legal standing.
Operational Challenges at Minera Florida
Minera Florida has encountered issues with negative grade reconciliation and unplanned mine sequencing into lower-grade ore zones, impacting the 2025 production guidance.
Forward-Looking Guidance
Triple Flag’s CEO, Sheldon Vanderkooy, expressed optimism about maintaining production momentum and achieving GEOs within the 2025 guidance range. The company declared a quarterly cash dividend of USD 0.0575 per share, reinforcing its commitment to shareholder value.
In summary, Triple Flag Precious Metals Corp.’s earnings call reflected a positive sentiment, driven by record financial performance and strategic investments. However, the company must navigate legal and operational challenges to sustain its growth trajectory.