Triple Flag Precious Metals Corp. announced strong financial results for the first quarter of 2025, highlighted by a 74% year-over-year increase in operating cash flow per share, reaching $0.33. Revenue for the quarter was $82.2 million, up from $57.5 million in Q1 2024.
Net earnings for Q1 2025 were $45.5 million, or $0.23 per share, a substantial increase from $17.4 million, or $0.09 per share, in the prior year. Adjusted net earnings were $40.7 million, or $0.20 per share. Adjusted EBITDA reached $70.7 million, with an asset margin of 93%.
The company reaffirmed its 2025 GEOs guidance of 105,000 to 115,000 ounces, indicating confidence in its operational trajectory. Recent acquisitions, including the Arcata, Azuca, and Tres Quebradas assets, have been completed and are contributing to cash flow.
Management also noted the proposed acquisition of Orogen Royalties, including the 1.0% NSR royalty on the Expanded Silicon gold project, is expected to close in the third quarter of 2025. This acquisition is anticipated to further enhance the company's long-term growth profile.
Triple Flag declared a cash dividend of US$0.055 per common share, payable on June 16, 2025. These results demonstrate the company's ability to generate significant cash flow and execute on its growth strategy.
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