Triple Flag Precious Metals Corp. (“Triple Flag”) (TSX:TFPM, TSX:TFPM.U), an emerging senior gold-focused streaming and royalty company that offers bespoke financing solutions to the metals and mining industry, today announced its results for the second quarter of 2021. All dollar references are in United States dollars.
“In our inaugural quarterly results as a public company, we are pleased to report record Q2 2021 cash flows, following our previous announcement of record quarterly metal sales in Q2 2021,” commented Shaun Usmar, Triple Flag Founder and CEO. “The business continued its track record of strong cash flow growth in Q2 2021, with a 48% increase in both revenu and operating cash flow, and a 49% increase in adjusted EBITDA, each as compared to the same period in 2020. We are
also pleased to announce that our Board has declared our first dividend of $0.0475 per common share. This equates to a robust dividend yield of 1.7% on the closing share price on August 9th, directly sharing the benefits of our cash flow with our shareholders. We intend to continue growing the dividend over time as we focus on delivering consistently strong
results and returns without compromising our strategy of disciplined and accretive growth through the acquisition of precious metals streams and royalties.
For the first time, we are publishing our five- and ten-year average annual gold equivalent ounces (“GEOs”) outlook, demonstrating that Triple Flag’s portfolio has strong near-term organic growth and a stable, high-quality production profile over the next decade and beyond, with an average portfolio life in excess of twenty years. Having built Triple Flag from the
ground up since 2016 with sector-leading growth in GEOs over this period, we are proud to demonstrate the ongoing growth and duration of our existing portfolio by showcasing our expectation of sustainable average production of 105,000 GEOs over the next five years and the next ten years from the existing portfolio. Above and beyond the five-and 10-year production outlook, we believe there is considerable optionality related to potential life of mine extensions, expansions, and exploration from our 15 producing mines and 60 exploration and development assets in the portfolio. This growth outlook does not factor in potential additional high-quality growth through accretive acquisitions that this team has repeatedly demonstrated through our industry-leading transaction track record over the past five years. We see this portfolio as a solid,
high-margin, strong-cash-generating foundation from which we will continue to grow net asset value, free cash flow, GEOs, and resources per share, while providing us with the financial strength to return capital to our shareholders through meaningful dividends.”

Q2 2021 Financial Highlights
• 48% increase in Revenue to $40.9 million, from $27.6 million in Q2 2020.
• 48% increase in Operating Cash Flow to a quarterly record of $32.8 million, from $22.1 million in Q2 2020.
• 100% increase in Net Earnings to $18.3 million, from $9.2 million in Q2 2020.
• 49% increase in Adjusted EBITDA2 to $35.0 million, from $23.5 million in Q2 2020.
• 40% increase in GEOs sold to a quarterly record of 22,537, from 16,115 in Q2 2020.
Q2 2021 RESULTS
• Cash Costs per GEO3 of $168, compared to cash costs per GEO of $139 in Q2 2020.
• Strong Asset Margin4 of 91% compared to 92% in Q2 2020.
• Net cash proceeds of $245.1 million from the initial public offering.

see & read more on
https://s24.q4cdn.com/156422165/files/doc_financials/2021/q2/2021-08-10-Triple-Flag-Reports-Record-Q2-2021-Cash-Flows.pdf