- Gold-focused streaming and royalty company Triple Flag Precious Metals yesterday reported that the company sold 26,599 gold equivalent ounces in Q1 2023, up 32% from Q1 2022 .
The company said that the first quarter of consolidated results after the closing of the Maverix transaction on January 19, 2023, has driven record financial results on many key financial metrics, including GEOs, revenue, operating cash flow and adjusted EBITDA. Triple Flag reported Q1 2023 revenue of $50.3 million , net earnings of $16.5 million and operating cash flow of $38.9 million .
The company said that its Board of Directors declared a quarterly dividend of US$0.05 per common share that will be paid on June 15, 2023, adding that a“I am pleased to announce another quarter of record results for Triple Flag, reflecting the successful acquisition of Maverix,” commented CEO Shaun Usmar.
Triple Flag is a pure play, gold-focused, emerging senior streaming and royalty company. The company offers bespoke financing solutions to the metals and mining industry with exposure primarily to gold and silver in the Americas and Australia, with a total of 229 assets, including 15 streams and 214 royalties. These investments are tied to mining assets at various stages of the mine life cycle, including 29 producing mines and 200 development and exploration stage projects.