Triple Flag Precious Metals Corp. announced that the Toronto Stock Exchange (TSX) has accepted the renewal of its normal course issuer bid (NCIB). This renewal allows the company to continue its share repurchase program.
The NCIB renewal provides Triple Flag with the flexibility to opportunistically repurchase its common shares from the open market. This action is part of the company's capital allocation strategy.
The ability to execute share buybacks demonstrates management's confidence in the company's intrinsic value and its commitment to enhancing shareholder value through disciplined capital management.
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