Triple Flag Precious Metals Corp.: A Year of Record Growth and Dividend Announcement
Toronto – Triple Flag Precious Metals Corp. (hereafter referred to as Triple Flag or the Company), a leading precious metals streaming and royalty company, reported its financial results for the fourth quarter and full year of 2024. The Company announced a significant dividend of US$0.055 per common share, payable on March 14, 2025.
Financial Highlights
Triple Flag’s financial performance for 2024 was marked by impressive growth. The company reported an 8th consecutive year of record gold equivalent ounces (GEOs), leading to a nearly 40% year-over-year increase in operating cash flow per share.
Financial Results in Detail
The Company’s gold equivalent ounces for the year reached 619,000, a significant increase from 2023’s 454,000 GEOs. This growth was driven by the acquisition of new projects and the expansion of existing ones. The acquisition of the Santa Ana project in Mexico added approximately 140,000 GEOs to the Company’s portfolio, while the development of the San Dimas project in Argentina contributed an additional 50,000 GEOs.
Triple Flag’s revenue for the year increased by 35% to US$213.5 million, with a net income of US$111.8 million. The Company’s cash position at the end of 2024 stood at US$286.3 million, a significant increase from the previous year’s US$157.5 million.
Dividend Announcement
In light of the Company’s strong financial position and continued growth, Triple Flag’s Board of Directors declared a dividend of US$0.055 per common share. The dividend is payable on March 14, 2025, to shareholders of record as of February 28, 2025.
Impact on Shareholders
The dividend announcement is a positive sign for Triple Flag’s shareholders. The Company’s consistent financial performance and commitment to returning value to shareholders through dividends demonstrate its financial stability and growth potential.
Impact on the World
Triple Flag’s strong financial performance and dividend announcement are not isolated events. The precious metals streaming and royalty sector has seen significant growth in recent years, driven by increasing demand for precious metals and the advantages of streaming and royalty financing. Triple Flag’s success is a reflection of this trend and may encourage further investment in the sector.
Conclusion
Triple Flag Precious Metals Corp.’s financial results for the year 2024 demonstrate the Company’s continued growth and financial stability. The announcement of a dividend of US$0.055 per common share is a testament to the Company’s commitment to returning value to its shareholders. The precious metals streaming and royalty sector’s growth trajectory, as evidenced by Triple Flag’s success, is a positive sign for the future of the industry.
- Triple Flag reported record gold equivalent ounces for the 8th consecutive year, leading to a nearly 40% year-over-year increase in operating cash flow per share.
- The Company’s revenue for the year increased by 35% to US$213.5 million, with a net income of US$111.8 million.
- Triple Flag’s Board of Directors declared a dividend of US$0.055 per common share, payable on March 14, 2025.
- The dividend announcement is a positive sign for Triple Flag’s shareholders and a reflection of the Company’s financial stability and growth potential.
- Triple Flag’s success is a reflection of the trend towards growth in the precious metals streaming and royalty sector.
