TFPM · Triple Flag Precious Metals Corp.

Triple Flag Precious Metals Corp. delivered record Q1 2026 performance, with revenue surging to $147.0 million from $82.2 million in Q1 2025, propelled by 30,166 GEOs sold versus 28,761 prior year. Gold contributed 18,249 GEOs and $88.9 million revenue, silver 11,567 GEOs and $56.4 million, reflecting strong portfolio output. GAAP net earnings hit $116.9 million ($0.57/share), while adjusted net earnings were $92.7 million ($0.45/share). CEO Sheldon Vanderkooy highlighted the top-tier portfolio's record GEOs and cash flow per share at $0.55, supported by over $1.1 billion liquidity. Key drivers included robust sales from Northparkes (6,708 GEOs), Cerro Lindo (8,053 GEOs), and others. Strategic moves enhanced the pipeline: a February 10, 2026, agreement with Evolution Mining for $84.3 million funding of the E44 gold deposit at Northparkes, securing minimum deliveries of 45,052 oz gold and 446,200 oz silver from 2030-2037 under a 20% gold/30% silver stream at 10% spot price. This complements the existing 54%/80% stream and potential mill expansion to 10 Mtpa. In March 2026, acquired a 3.0% GR royalty on Gunnison copper project for $23 million, adding U.S. copper exposure alongside existing streams/royalties. Guidance remains firm at 95,000-105,000 GEOs for 2026 and 140,000-150,000 for 2030. Shareholder returns advanced with a $0.0575/share dividend and Q1 buyback of 26,459 shares for $1 million under NCIB authorizing up to 10.3 million shares. Portfolio updates signal growth: Northparkes E48/E22 developments, Beta Hunt/Fletcher Zone expansion, Fosterville steady-state ramp to 160-190 koz Au, Cerro Lindo reserve life to 2032 with stream step-down post-19.5 Moz, and Buriticá throughput to 5,000 tpd. These position Triple Flag for sustained value creation.