DealsJun 11, 2026, 10:11 AM
Triple Flag Raises 2026 GEOs Guidance to 100K-110K; Settles Steppe Gold Dispute
AI Summary
Triple Flag Precious Metals Corp. announced a settlement agreement with Steppe Gold Ltd., resolving all outstanding gold and silver stream obligations and prepay ounces in arrears. The agreement amends the Steppe Gold Stream Agreement to include fixed cumulative deliveries of 34,770 ounces of gold over ten years, followed by a 1.5% stream on ATO mine production with a 500-ounce quarterly cap. Concurrently, the company increased its 2026 Gold Equivalent Ounces (GEOs) guidance to 100,000-110,000 GEOs, up from the previous 95,000-105,000 GEOs, citing strong year-to-date operating performance and the settlement.
Key Highlights
- Triple Flag received 1,650 ounces of gold for outstanding prepay obligations.
- Received 500 ounces of gold as a stream amendment fee.
- Received 1,946 ounces of gold and 15,618 ounces of silver for stream arrears.
- Secured fixed gold deliveries of 34,770 ounces from Steppe over 10 years (Q3 2026-Q4 2036).
- Increased 2026 GEOs guidance to 100,000-110,000 from 95,000-105,000 GEOs.
- Starting Q1 2037, will receive 1.5% of ATO mine gold production, capped at 500 ounces quarterly.
- Steppe Gold's 2026 gold production guidance is 68,000 ounces.
Price Impact
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