Triple Flag Precious Metals Corp. announced preliminary record revenue of US$73.7 million for the third quarter of 2024. This was driven by record quarterly metal sales totaling 29,773 gold equivalent ounces (GEOs). The company confirmed it remains on track to achieve its 2024 GEOs sales guidance of 105,000 to 115,000 ounces.
The strong performance was bolstered by contributions from key assets, including Northparkes and Cerro Lindo, as well as new streams with Allied Gold. The acquisition of 3% gold streams on Agbaou and Bonikro from Allied Gold Corporation was completed on August 14, 2024, with metal deliveries from the pre-closing period contributing to sales.
Preliminary cost of sales excluding depletion for the three months ended September 30, 2024, was approximately $15.5 million. This early release of strong operational metrics provides investors with an initial positive indication of the company's financial health and progress towards its annual targets.
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