Triple Flag Precious Metals Corp. announced preliminary record annual gold equivalent ounces (GEOs) sales of 112,623 for the full year 2024. This achievement places the company in the upper half of its 2024 GEOs sales guidance and marks the eighth consecutive year of GEOs growth, representing a compound annual growth rate of approximately 20% since 2017.
Full year 2024 revenue reached US$269.0 million, driven by strong performance including higher gold grades at Northparkes and robust silver deliveries from Cerro Lindo. For the fourth quarter of 2024, the company reported revenue of US$74.2 million from 27,864 GEOs.
The company highlighted that it increased its revenues in 2024 by over 30% year-over-year while simultaneously reducing its issued and outstanding shares. This strategy aims to drive higher value per share for investors, capitalizing on record GEOs and strong precious metals prices.
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