Triple Flag Precious Metals (US:TFPM)2024-05-09 16:06Q1 2024 Financial Performance - Triple Flag achieved record quarterly GEOs and financial results in Q1 2024[21] - Adjusted EBITDA increased by 22% to $48 million in Q1 2024 compared to $39436 in Q1 2023[24, 39] - Revenue increased by 14% to $57528 in Q1 2024 compared to $50269 in Q1 2023[24, 39] - GEOs increased by 4% to 27794 in Q1 2024 compared to 26599 in Q1 2023[24, 39] - Asset margin was 92% in Q1 2024, compared to 88% in Q1 2023[39] Asset Contributions - Northparkes delivered 63 koz GEOs in Q1 2024, benefiting from high-grade E31 deposits[10, 46] - Kensington NSR royalty commenced paying in Q1 2024[10, 34] - Kensington's 125% NSR royalty is expected to extend the mine life beyond five years by the end of 2024[34, 60] - Kensington generated $58 million in revenue with GEOs increased nearly 90% quarter-on-quarter to 63 koz in Q1 2024[37] Portfolio and Strategy - Triple Flag maintains a diversified revenue stream, with 64% from gold and 34% from silver in Q1 2024[27] - The company's portfolio is geographically diversified, with 89% of revenue from Australia and the Americas in Q1 2024[28] - Triple Flag reaffirms its 2024 GEOs guidance of 105 to 115 koz[10, 48] - The company has approximately $670 million in available liquidity[49]