The following is a summary of the Triple Flag Precious Metals Corp. (TFPM) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Triple Flag reported Q4 gold equivalent sales of 26,000 ounces, leading to an operating cash flow of $38 million.

• Annual gold equivalent sales exceeded 105,000 ounces, consistent with guidance and a record for Triple Flag.

• Major financial records were set in 2023, with operating cash flow and adjusted EBITDA standing at $154 million and $159 million, respectively.

• Dividends to shareholders amounted to over $40 million, and over $28 million were returned via share buybacks.

• The net debt was over $40 million as of the end of 2023.

• Cash flow and EBITDA saw substantial growth, driven by acquisition of Maverix Metals and other royalties.

Business Progress:

• The portfolio has grown consistently since inception, and diversification of revenues has increased, with Cerro Lindo and Northparkes as major contributors.

• Free cash flow is expected to grow due to price and volume impact, with production increasing by three times from 2017 to 2023.

• Expectation of continued growth in 2024, with gold equivalent ounces projected to average over 140,000 ounces between 2025 and 2029.

• Triple Flag holds a 1% NSR royalty on the Hope Bay gold exploration project, which has a proposed budget of $22 million for 2024.

• Optimism was expressed regarding the potential yield at Hope Bay, especially at the promising Patch 7 area.

• Positive developments were reported at the Northparkes mine, owned by Evolution Mining, where significant resources have been identified for exploitation.

More details: Triple Flag Precious Metals IR

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