Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced its results for the second quarter of 2023 and declared an increased dividend of US$0.0525 per common share to be paid on September 15, 2023. All amounts are expressed in US dollars unless otherwise indicated.
“I am pleased to announce another quarter of record results for Triple Flag, in which we achieved record GEOs, revenue, adjusted EBITDA, and operating cash flow. The solid performance of our portfolio has provided the basis for us to increase our annualized dividend by 5%, the second consecutive increase since we listed in 2021.”
commented Shaun Usmar, CEO. “Looking forward, our deal pipeline remains consistently active with actionable opportunities, and we are especially encouraged by an increasing cadence of new discoveries, reserve replacement and expansion at multiple assets across the portfolio such as Northparkes and Beta Hunt, and a number of important catalysts and operational milestones achieved within our portfolio as detailed below.”

Q2 2023 Financial Highlights

see & read more on
https://s29.q4cdn.com/841442677/files/doc_financials/2023/q2/2023-08-08-Triple-Flag-Announces-Q2-2023-Record-Results-and-Increases-Dividend.pdf

Corporate Updates
? 2023 Guidance: Our guidance for 2023 was introduced on February 21, 2023 and remains unchanged.
? Dividend: Triple Flag’s Board of Directors declared a quarterly dividend of US$0.0525 per common share
that will be paid on September 15, 2023, to the shareholders of record at the close of business on August
31, 2023. This increases the annualized dividend by 5% from US$0.20 per common share to US$0.21 per
share and is Triple Flag’s second consecutive annual increase of the dividend since its May 2021 initial
public offering.
? Maverix Integration: The integration of Maverix Metals is substantively complete, and we have delivered
the identified synergies outlined in our previous disclosures. Our acquisition and integration of Maverix
assets has added further scale, cash flow, diversification, and optionality.
? Agbaou Royalty Acquisition: In late June 2023, Triple Flag acquired a 2.5% net smelter return royalty on
the producing Agbaou gold mine from Auramet Capital Partners, L.P. for consideration of $15.5 million,
which included $13.5 million in cash and the remaining paid through an in?kind contribution of an asset
held by Triple Flag. Agbaou is located in Côte d’Ivoire and is operated by Allied Gold Corp.
? Release of 2022 Sustainability Report: Early this July, we released our 2022 Sustainability Report entitled
“Progress In Motion”, showcasing our contributions and commitment to helping evolve market?leading
sustainability performance. Subsequent to the quarter end, Triple Flag received a rating of AA in the MSCI
ESG Rating assessment, placing us amongst the leaders in the gold sector.
? Prieska Royalty and Stream: The closing conditions related to the royalty (0.8% GR royalty on copper,
zinc, gold and silver) have been met and the transaction has now closed. Orion Minerals Ltd expects to
3
complete an updated feasibility study later this year, after which Triple Flag has the right, but not the
obligation, to provide $80 million for a separate gold and silver stream on Prieska. Triple Flag’s funding is
complemented by investment from the Industrial Development Corporation of South Africa Limited (“IDC”) and Clover Alloys (SA), a privately owned South African mining group that has a track record in
developing and operating chrome operations.
? Team: Subsequent to quarter end, David Lee joined Triple Flag as Vice President, Investor Relations. Prior
to joining Triple Flag, David held the role of Director, Investor Relations at Barrick Gold Corporation and
has held positions in equity research with National Bank Financial and Desjardins Capital Markets and in Forensic Advisory at KPMG LLP.