Triple Flag Precious Metals Corp. announced record financial results for the full year 2024, with 112,623 gold equivalent ounces (GEOs) sold, landing in the upper half of its guidance. Full year revenue reached $269.0 million, a significant increase from $204.0 million in 2023. Operating cash flow surged by nearly 40% year-over-year to $213.5 million, with operating cash flow per share at $1.06.
For Q4 2024, revenue was $74.2 million from 27,864 GEOs. The company reported a net loss of ($23.1 million) or ($0.11) per share for FY2024, but adjusted net earnings were $109.6 million or $0.54 per share. Adjusted EBITDA for the year was $220.2 million, with an asset margin of 92%.
Triple Flag provided 2025 guidance, expecting stream sales and royalty revenue of 105,000 to 115,000 GEOs. Depletion is projected between $70 million and $80 million, and General & Administrative costs are estimated at $24 million to $25 million. The Australian cash tax rate for royalties is expected to be approximately 25%.
Looking further ahead, the company projects significant organic growth, targeting 135,000 to 145,000 GEOs by 2029, representing over 25% growth from the 2025 midpoint. This outlook is primarily driven by brownfield development and advanced projects across its portfolio.
The company also declared a dividend of US$0.055 per common share, payable on March 14, 2025. This comprehensive report highlights strong operational and financial performance, coupled with clear growth strategies and shareholder returns.
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