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Triple Flag Receives Approval for Normal Course Issuer Bid Renewal
Businesswireยท 2025-11-13 11:00
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].