We recently published an article titled 10 Best Low Volatility Canadian Stocks to Buy. On February 10, Stifel raised its price target on Triple Flag Precious Metals Corp. (NYSE:TFPM) to C$65 from C$58 while maintaining a Buy rating, signaling confidence in the company’s growth trajectory and portfolio strength. The company continues to reinforce its position as a leading gold and silver streaming company through disciplined capital deployment and long-term asset expansion. The same day, Triple Flag anno ...

Investors interested in Mining - Gold stocks are likely familiar with Iamgold (IAG) and Triple Flag Precious Metals (TFPM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with ...

Triple Flag and Evolution to Unlock the Gold-Dominant E44 Deposit at Northparkes, Underpinned by Guaranteed Gold and Silver DeliveriesFeb 10, 2026 4:47 PM Eastern Standard Time# Triple Flag and Evolution to Unlock the Gold-Dominant E44 Deposit at Northparkes, Underpinned by Guaranteed Gold and Silver DeliveriesShare---Northparkes MapTORONTO--([BUSINESS WIRE])--Triple Flag Precious Metals Corp. (with its subsidiaries, "Triple Flag†or the "Company†) (TSX: TFPM, NYSE: TFPM) announces that its wholly owned su ...

Summary of the Conference Call for Triple Flag Precious Metals (NYSE:TFPM) Company Overview - **Triple Flag Precious Metals** was formed in 2016 and operates in the royalty and streaming model, focusing on generating shareholder value through strategic asset acquisitions [doc id='23']. - The current market cap is approximately **$8 billion**, with **$1.8 billion** of shareholder capital invested, resulting in over **4x** returns [doc id='23']. Key Financial Metrics - **Annual GEO Production Guidance for 2025**: 105,000-115,000 ounces, with actual production reported at **113,000 ounces**, near the top end of the range [doc id='24']. - Projected production growth to **135,000-145,000 ounces** by 2029, driven by existing portfolio assets [doc id='25']. - The company has consistently increased its dividend since going public and is currently **debt-free** with available capacity for new investments [doc id='26']. Market and Industry Insights - The gold market is experiencing significant price appreciation, with gold prices reaching **$5,000** and silver at **$100** [doc id='3']. - The royalty and streaming sector has seen record corporate acquisitions, with **$9 billion** in transactions in 2025, nearly three times the volume from 2023 to 2024 [doc id='10']. - The company emphasizes the importance of operating in **tier one jurisdictions** (Canada, Australia, and the U.S.) to mitigate risks associated with nationalism and expropriation [doc id='6']. Strategic Differentiators - **Geographic Focus**: 80% of cash flow comes from tier one jurisdictions, providing stability and insulation from geopolitical risks [doc id='6']. - **Cash Margin**: The company boasts a **97% cash margin**, benefiting from rising gold and silver prices [doc id='7']. - **Growth Profile**: Anticipated **40% growth** over the next five years without contingent capital requirements [doc id='8']. Recent Developments and Acquisitions - The acquisition of **Orogen Royalties** included a **1% royalty on the Arthur Project** in Nevada, operated by AngloGold Ashanti, which is expected to be a tier one mine [doc id='53']. - The company is focused on maintaining a disciplined approach to capital allocation, ensuring that any acquisitions are accretive to shareholders [doc id='12']. Challenges and Market Positioning - Despite strong performance, the royalty and streaming companies underperformed compared to the gold index in 2025, with Triple Flag up **98%** compared to the gold index's **141%** increase [doc id='34']. - The management argues that while royalty companies may not provide the same short-term leverage as high-cost operators, they offer a high-margin, consistent dividend model with long-term growth potential [doc id='35']. Future Outlook - The company expects continued volatility in the commodities market, driven by macroeconomic factors and geopolitical events, which may create opportunities for growth [doc id='42']. - There is a strong desire to deploy capital into new assets while maintaining a focus on risk management and shareholder value [doc id='62']. Conclusion - Triple Flag Precious Metals is well-positioned in the precious metals sector with a strong growth outlook, disciplined capital allocation strategy, and a focus on high-margin, low-risk assets in stable jurisdictions. The company aims to leverage its existing portfolio for future growth while navigating the challenges of the current market environment.

Core Insights - Triple Flag Precious Metals Corp. reported record quarterly revenue of US$118.9 million for Q4 2025, driven by sales of 28,757 gold equivalent ounces (GEOs) [1] - For the full year 2025, the company achieved record revenue of US$388.7 million and sold 113,237 GEOs, reaching the top half of its GEOs guidance [1][2] Financial Performance - Q4 2025 GEOs Sold and Revenue: - Gold: 11,780 GEOs sold, generating revenue of US$48.7 million - Silver: 16,977 GEOs sold, generating revenue of US$70.2 million - Total for Q4 2025: 28,757 GEOs sold, with total revenue of US$118.9 million [3] - Full Year 2025 GEOs Sold and Revenue: - Gold: 72,766 GEOs sold, generating revenue of US$243.0 million - Silver: 40,471 GEOs sold, generating revenue of US$145.7 million - Total for FY 2025: 113,237 GEOs sold, with total revenue of US$388.7 million [3] Strategic Outlook - The CEO highlighted that the company's top-tier assets operated by leading producers performed exceptionally well, and key growth projects reached significant milestones [2] - The company has a strong external growth pipeline supported by over US$1 billion in liquidity, which is expected to enhance shareholder value in a favorable gold and silver price environment [2] Company Overview - Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company, providing investors exposure to gold and silver through a diversified portfolio of 239 assets, including 16 streams and 223 royalties [6] - The company's assets include 33 producing mines and 206 development and exploration stage projects primarily located in the Americas and Australia [6]

Group 1 - The article discusses the offerings of Alluvial Gold Research, which provides in-depth research on undervalued miners with upcoming catalysts to enhance portfolio performance [1] - Taylor Dart, the leader of Alluvial Gold Research, has over 16 years of trading experience, focusing on precious metals developers, producers, and royalty/streaming companies [1] - Subscribers to Alluvial Gold Research gain access to current portfolios, real-time buy/sell alerts, and proprietary sentiment indicators for gold and silver miners [1] Group 2 - The analyst has a beneficial long position in shares of TFPM, TFPM:CA, AEM, and AEM:CA through stock ownership, options, or other derivatives [2] - The article expresses the author's opinions and does not involve compensation from companies mentioned [2] Group 3 - The writing is for informational purposes and does not constitute financial or investment advice [3] - Position sizing is emphasized as critical in the volatile precious metals sector, recommending that small-cap precious metals stock positions should be limited to 5% or less of one's portfolio [3]

Group 1 - Triple Flag Precious Metals (TFPM) has shown significant year-to-date performance, gaining approximately 97.5%, outperforming the Basic Materials sector, which has averaged a gain of about 19.4% [4] - TFPM currently holds a Zacks Rank of 1 (Strong Buy), indicating strong analyst sentiment and a positive earnings outlook [3][4] - The Zacks Consensus Estimate for TFPM's full-year earnings has increased by 10.6% in the past quarter, reflecting improving analyst sentiment [4] Group 2 - TFPM is part of the Mining - Gold industry, which includes 41 individual stocks and currently ranks 46 in the Zacks Industry Rank [6] - Another stock in the same industry, US Gold Corp (USAU), has also outperformed the sector with a year-to-date return of 137.4% and a Zacks Rank of 2 (Buy) [5][6] - Both TFPM and US Gold Corp are expected to continue their strong performance, making them noteworthy for investors interested in Basic Materials stocks [6]

Core Viewpoint - Triple Flag Precious Metals Corp. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 10,328,075 common shares over a one-year period [1][2]. Summary by Sections Normal Course Issuer Bid (NCIB) - The NCIB allows Triple Flag to buy back up to 10,328,075 common shares, which is 5% of the total 206,561,506 shares outstanding as of November 3, 2025 [2]. - The repurchase period will start on November 17, 2025, and end on November 16, 2026 [2]. Rationale for NCIB - The company believes that repurchasing its common shares can be a suitable use of available funds and a mechanism for returning capital to shareholders [3]. Purchase Mechanism - Purchases may occur through the TSX, NYSE, and other trading systems, with daily repurchases on the TSX limited to a maximum of 43,278 shares, which is 25% of the average daily trading volume [4]. - All repurchased shares will be cancelled [4]. Pricing and Payment - Shares will be purchased at market price or as permitted by the TSX, with private agreement purchases potentially at a discount [5]. Automatic Share Purchase Plan (ASPP) - Triple Flag has established an ASPP with a designated broker to facilitate share purchases during regulatory restrictions and blackout periods [6][7]. Management Discretion - Outside of predetermined blackout periods, share purchases will be at the discretion of management, adhering to TSX rules and applicable laws [8]. Previous NCIB Performance - In the previous NCIB from November 15, 2024, to November 14, 2025, Triple Flag repurchased 692,600 shares at an average cost of C$23.36 per share, totaling approximately C$11.4 million [11]. Company Overview - Triple Flag is a precious metals streaming and royalty company, providing exposure to gold and silver from 239 assets, including 33 producing mines and 206 development and exploration projects [12].

Financial Data and Key Metrics Changes - Triple Flag recorded 27,000 GEOs in Q3 2025, leading to record-adjusted EBITDA of $79 million and operating cash flow per share of $0.39 [2][5] - Operating cash flow per share increased by over 25% year-over-year, reflecting strong performance amid high precious metals prices [5][6] - The company exited the quarter with essentially zero net debt and is in a net cash position, with total liquidity available of nearly $1 billion [6][7] Business Line Data and Key Metrics Changes - Northparkes and Cerro Lindo were the largest contributors to revenues in Q3, with Northparkes achieving record performance due to processing higher open-pit grades [7] - The sales mix remains 100% derived from precious metals, with nearly three-quarters from gold, and this is expected to continue [7] Market Data and Key Metrics Changes - Precious metals prices reached record quarterly averages of nearly $3,500 per ounce for gold and nearly $40 per ounce for silver [5] - The company expects to achieve 2025 GEOs between the midpoint and high end of its guidance range, benefiting from current gold prices exceeding Q3 averages [2][5] Company Strategy and Development Direction - The company has deployed over $350 million in capital across five investments year-to-date, focusing on top-tier precious metals assets in mining-friendly jurisdictions [3][4] - Recent acquisitions include a 1% NSR royalty on the Arthur project in Nevada and a royalty package on Pan American's Minera Florida gold mine in Chile for $23 million [3][4] - The company aims to continue reinvesting cash flows into further streams and royalties to enhance shareholder value over time [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's legal position regarding a $10 million owed from Step Gold, indicating ongoing discussions with the controlling shareholder [14][15] - The company anticipates near-term catalysts from various projects ramping up production, including Johnson Camp Mine and Arcata [10] - The outlook for 2029 includes expectations for 135,000-145,000 ounces GEOs, supported by ramping up of newer assets and increased production from existing mines [39] Other Important Information - The company declared a quarterly cash dividend of $5.75 per share, reflecting its strong balance sheet and cash flow generation [7] - The exploration potential of the Minera Florida mine is significant, with expectations for increased GEOs by 2028 [9] Q&A Session Summary Question: How was the Minera Florida transaction sourced? - The transaction was a concentrated process, developed through rapport with the family involved, allowing for a site visit during negotiations [12][13] Question: Update on the ATO stream and discussions with Step Gold? - The company is confident in its legal position and is in dialogue with Step's controlling shareholder, expecting to land in the top half of its guidance range regardless of the outcome [14][15] Question: Insights on transaction opportunities and structures? - The company is evaluating opportunities in the $100-$300 million range, focusing on traditional mining jurisdictions and a mix of streams and royalties [18][19] Question: Status of Priesca project and investment decisions? - The project is being staged, with the upper zones developed first, and the company will evaluate the right to fund the stream into the deeper zones when ready [26][27] Question: Discussion on El Machido stream disposal? - The situation arose from the mine being undercapitalized, and the company structured a win-win situation to allow the operator to move forward without the stream [33][34] Question: Concerns about Minera Florida's grade reconciliation issues? - Management remains confident in the long-term performance of Minera Florida, citing its historical production records despite short-term variances [37][38] Question: Confirmation on the gold-silver ratio and its impact? - The current gold-silver ratio is around 85/1, and stronger silver prices benefit the company's GEO calculations and revenue [40][41]

Financial Data and Key Metrics Changes - In Q3 2025, the company recorded 27,000 GEOs, leading to a record adjusted EBITDA of $79 million and operating cash flow per share of $0.39 [2][5] - Operating cash flow per share increased by over 25% year over year, reflecting the benefits of higher gold prices [5][6] - The company exited the quarter with essentially zero net debt and is currently in a net cash position [6][7] Business Line Data and Key Metrics Changes - The company has deployed over $350 million in capital across five investments year to date, including acquisitions in lithium, silver, and copper mines [3][4] - North Parks and Sarah Lindo were the largest contributors to revenues in Q3, with North Parks achieving record performance due to higher open-pit grades [7] Market Data and Key Metrics Changes - Precious metals prices reached record quarterly averages of nearly $3,500 per ounce for gold and nearly $40 per ounce for silver [5] - The sales mix remains 100% derived from precious metals, with nearly three-quarters from gold [7] Company Strategy and Development Direction - The company is focused on top-tier precious metals assets, with nearly 90% of revenue sourced from mining-friendly jurisdictions in Australia and the Americas [7] - The company aims to achieve GEOs between the midpoint and high end of its 2025 guidance range, with expectations for continued strong performance in Q4 and beyond [2][5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's legal position regarding a $10 million claim against Step Gold, indicating ongoing discussions with the controlling shareholder [14][15] - The company anticipates near-term catalysts from various projects, including ramp-ups at Johnson Camp, Trey Crabatus, and Arcata, as well as ongoing exploration updates [10] Other Important Information - The company declared a quarterly cash dividend of $0.0575 per share, reflecting its strong balance sheet and record operating cash flows [7] - The acquisition of a royalty package on Pan American's Minera Florida gold mine in Chile for $23 million was highlighted as a strategic move to drive shareholder value [3][4] Q&A Session Summary Question: Can you elaborate on how the Minera Florida transaction was sourced? - The transaction involved a concentrated process with a pre-existing rapport with the family, allowing for a site visit during negotiations [12][13] Question: What is the status of the ATO stream arbitration with Step Gold? - The company is confident in its legal position and is in dialogue with Step's controlling shareholder, expecting to land in the top half of its guidance range regardless of the outcome [14][15] Question: What are the current transaction opportunities in the $100 to $300 million range? - The company is evaluating a mix of smaller royalties and larger corporate transactions, focusing on traditional mining jurisdictions in the Americas [18][19] Question: Can you provide an update on the Priesca project? - The project is being developed in stages, with a focus on the deeps, and the company will evaluate the right to fund the stream when the project reaches a final investment decision [26][27] Question: How does the company evaluate situations like the El Machido stream disposal? - The company views each situation on a case-by-case basis, finding structured sales beneficial while generally not looking to sell streams [32][34] Question: What is the outlook for Minera Florida given recent grade reconciliation issues? - Management remains confident in the long-term performance of Minera Florida, citing its historical production records as a basis for future forecasts [37][38] Question: What factors contribute to the 2029 guidance of 135,000 to 145,000 ounces GEOs? - The growth is expected from ramp-ups of newer assets and increased production from existing mines, with a diversified approach across multiple projects [39][40]