Precious-metals streamer posted record cash flow, reiterated stronger 2026 sales expectations and said its quarterly payout will rise to $0.06 per share, marking a fifth consecutive annual increase.
Triple Flag Precious Metals Corp. reported stronger second-quarter 2026 financial results, with revenue rising to $129.2 million from $94.1 million a year earlier, while declaring a quarterly dividend of $0.06 per common share payable on September 15, 2026. Gold equivalent ounces, or GEOs (gold-price-normalized sales metric), were essentially flat at 28,674 versus 28,682 in Q2 2025, but higher gold prices and portfolio contributions lifted profitability and cash generation. Net earnings increased to $156.3 million, or $0.76 per share, from $55.7 million, or $0.28 per share. Adjusted net earnings, a non-IFRS measure, rose to $80.4 million, or $0.39 per share, from $47.9 million, or $0.24 per share. Operating cash flow climbed to $111.2 million from $76.1 million, while adjusted EBITDA reached $117.2 million from $76.2 million. Asset margin improved to 94% from 92%. CEO Sheldon Vanderkooy said the company has built a portfolio of 242 streams and royalties over the past decade and highlighted a $440 million investment for a 5.5% gold stream on the Ravenswood Mine in Australia. He also said Triple Flag announced $550 million in accretive transactions in Australia and the United States during the first six months of 2026, increased its 2026 guidance to 100,000 to 110,000 GEOs, repurchased $20 million of shares and received positive updates from Hope Bay, Arthur and Koné. The company said it now expects 2026 sales to come in between the midpoint and high end of its increased 100,000 to 110,000 GEO guidance range. Its 2030 outlook was recently raised to 150,000 to 160,000 GEOs. Triple Flag also increased its expected 2026 depletion expense range to $70 million to $80 million from $65 million to $75 million, with first-half depletion expense at $36.5 million. The dividend increase lifts Triple Flag’s forward annualized payout to $0.24 per common share from $0.23. Shareholders of record on August 31, 2026 will receive the payment. The company also said it repurchased 609,100 common shares for $20 million in the second quarter under its normal course issuer bid, or NCIB (Canadian share buyback program), which authorizes purchases of up to 10,328,075 shares between November 17, 2025 and November 16, 2026. Triple Flag said its wholly owned subsidiary completed the acquisition of a 5.5% gold stream on the Ravenswood Gold Mine in Queensland on June 25, 2026, with a 10% ongoing payment. The company said the asset adds immediate cash flow and that the first monthly delivery under the stream was received in July 2026. The release also detailed portfolio updates across Australia, the Americas, North America and other regions, including ongoing ramp-ups, reserve growth, feasibility work, permitting milestones and construction progress at assets such as Northparkes, Beta Hunt, Fosterville, Cerro Lindo, Buriticá, Hope Bay, Koné and Prieska. Triple Flag said it enters its second decade with more organic growth than at any point in its history and more than $1 billion of available liquidity.