Quarterly ResultAug 5, 2026, 05:05 PM
Triple Flag Q2 Revenue $129.2M, Net Earnings $156.3M; Acquires Ravenswood Stream
AI Summary
Triple Flag Precious Metals Corp. reported strong Q2 2026 financial results, with revenue increasing 37.3% to $129.2 million and net earnings surging to $156.3 million. The company completed the acquisition of a 5.5% gold stream on the Ravenswood mine for $440 million and settled outstanding deliveries with Steppe Gold, recognizing a $79.5 million gain. Additionally, Triple Flag renewed and upsized its Credit Facility to $1 billion and increased its 2026 GEOs guidance.
Key Highlights
- Q2 2026 revenue increased 37.3% to $129.2 million from $94.1 million in Q2 2025.
- Q2 2026 net earnings rose to $156.3 million ($0.76 EPS) from $55.7 million ($0.28 EPS) in Q2 2025.
- Acquired a 5.5% gold stream on the Ravenswood mine for $440 million cash on June 25, 2026.
- Settled with Steppe Gold, receiving 1,650 oz gold and 1,946 oz gold, 15,618 oz silver, recognizing a $79.5M gain.
- Renewed and upsized the Credit Facility to $1 billion, with an additional $300 million uncommitted accordion.
- Increased 2026 GEOs guidance to 100,000-110,000 from 95,000-105,000 due to strong performance.
- Acquired a 3% gross revenue royalty on the Gunnison Copper Project for $23.0 million.
- Invested $84.3 million into Northparkes E44 gold open pit development for guaranteed stream deliveries.
Price Impact
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