JUNIORMETRICS

Triple Flag Precious Metals Corp.

TFPM·TFPM·US$30.66 (CAD 43.11)·US$6.3B cap
Canada Map

Triple Flag Precious Metals Corp. provides upfront capital to mining companies in exchange for royalties or the right to purchase a fixed percentage of a mine's future gold/silver production, generating cash flow without direct operating, capex or exploration risk. Its portfolio spans 242 assets (17 streams, 225 royalties) across 36 producing mines and 206 development/exploration-stage projects and other assets, primarily in the Americas and Australia. Dual-listed on the TSX (primary) and NYSE, both under ticker TFPM. Sheldon Vanderkooy is CEO (transitioned from CFO in 2024); Eban Bari is CFO. Q2 2026 was a record quarter: US$129.2 million revenue; the company raised its full-year 2026 GEO (gold-equivalent-ounce) guidance to 100,000-110,000 from 95,000-105,000, and increased its quarterly dividend for the fifth consecutive year.

Notable vs. Peers

  • Financials score of 4.8/10 is weaker than the peer average of 6.5/10.
7.3/10
Weak track recordStrong track record
7.3/10 vs.
4.8/10
Thin runwayWell-capitalized
4.8/10 vs.
How this is calculated
9/10
Harder place to buildEasier place to build
9/10 vs.
What goes into it
  • Jurisdiction (40%, counts 100% here)9/10

    Triple Flag is a Canadian-domiciled royalty/streaming company, not an operator -- it holds no mines and bears no direct jurisdiction/operating risk of its own. This score reflects Canada as corporate domicile only; the real jurisdiction risk sits with its 242-asset royalty/streaming counterparty portfolio spanning the Americas and Australia.

  • Infrastructure (40%)Not scored

    A royalty/streaming company holds interests in other operators' mines rather than building its own, so a flagship infrastructure checklist isn't scored for it.

  • Nearby producing mine (20%)Not scored

    Not scored for a royalty/streaming company, which doesn't build or run a mine of its own.

How this is calculated
4.3/10
Weaker portfolioStronger portfolio
4.3/10 vs.
7/10
Weaker profileStronger profile
7/10 vs.
Price Chart
$26.44$32.85$34.67$29.39$30.76AugDecMarJulOct
Aug 12, 2025 – Oct 20, 2026
News
$30.66
+17.7%from low-23.2%from high
$26.05$39.94
See who ↓
1.5%
Low alignmentHigh alignment
1.5% vs.
See who ↓
88.3%
Low alignmentHigh alignment
88.3% vs.
$6.3B
Far belowFar above
$6.3B vs. $541.2M peer median
$6.5B
Far belowFar above
$6.5B vs. $457.8M peer median
206M
Far aboveFar below
206M vs. 336.8M peer median
Price (USD - Local)
US$30.66 (CAD 43.11)
Cash Position (USD)
$15.2M
Far belowFar above
$15.2M vs. $94M peer median
Debt (USD)
$235M
Far aboveFar below
$235M vs. $6.2M peer median
Jurisdiction
Canada
1.5%
0%100%
1.5% vs. 12.1% peer median
88.3%
0%100%
88.3% vs. 3.3% peer median
Overall Score Trend
+1.4% since 2026-08-08 · -11.4% from peak

Your Rankings

Community Sentiment
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CategoryCommunityYour Ranking
Overall— (0) 
Management— (0) 
Financials— (0) 
Jurisdiction— (0) 
Project Quality— (0) 
Royalty & Streaming Portfolio

Triple Flag Precious Metals Corp. does not operate mines, so it has no technical study of its own. What it holds instead is a book of royalty and stream interests in other companies' assets -- the portfolio below. Only figures the company has actually disclosed are shown; nothing here is estimated.

Royalties
225
Streams
17
Producing assets
36
Development assets
47
Exploration assets
159
Attributable GEOs
58.8K
H1 2026 actual (six months) -- NOT annualized. FY2026 guidance was raised to 100,000-110,000 GEOs but that is a guided range, not a disclosed actual, so it was not used.
Cash cost / GEO
$872.00
Portfolio-blended disclosed figure, not a spot-relative margin
Credit facility
$1B
$765M undrawn
Consecutive dividend increases
5 yrs
Annual dividend / yield
$0.24 (0.8%)
Paid quarterly, US$0.06/share, declared Q3 2026 (company's own stated forward-annualized figure)
Tracked interests (6)
Material/flagship assets, not the full long tail — expect this to be smaller than the portfolio counts above
AssetCommodityInterestRate / price
Northparkes
Evolution Mining Limited (80%) / Sumitomo Metal Mining & Sumitomo Corporation (20%) · Australia
Gold
Stream
10% of spot gold/silver price per oz delivered (variable, not a fixed $/oz)
Cerro Lindo
Nexa Resources S.A. · Peru
Silver
Stream
65%
Impala Bafokeng
Impala Platinum Holdings Limited (Implats) · South Africa
Gold
Stream
—
Buriticá
Zijin Mining Group Co., Ltd. · Colombia
Silver
Stream
—
Ravenswood
EMR Capital / Golden Energy and Resources (joint venture) · Australia
Gold
Stream
5.5%10% of spot gold price per oz delivered (ongoing payment, not a fixed $/oz)
Gunnison
Gunnison Copper (formerly Excelsior Mining Arizona, Inc.) · United States
Copper
Stream
—
AISC
Cut-off Grade

Management Team

Chief Executive Officer and Director of Triple Flag Precious Metals Corp. since 2024 -- a founding member of the Triple Flag management team, with over 25 years of experience in the mining sector. Before Triple Flag, Assistant General Counsel at First Quantum Minerals Ltd. (2013-2015, following FQM's 2013 acquisition of Inmet Mining, where Vanderkooy was Senior Director, Legal Affairs); corporate partner focused on mining M&A/financing (and earlier a tax lawyer) at Blake, Cassels & Graydon LLP (Blakes) in Toronto; began as a Chartered Accountant at Ernst & Young LLP. Law degree (Gold Medalist), University of Western Ontario; Bachelor of Commerce (Honours), Queen's University. Director of the World Gold Council.

Chief Financial Officer of Triple Flag Precious Metals Corp. since 26 Sep 2024 (Vice President, Finance immediately prior), having joined the company in 2018. Before Triple Flag, at Barrick Mining Corporation, progressing from Senior Manager, IFRS Conversion to Senior Director, Financial Reporting, with a strong focus on financial reporting and compliance across complex multinational organizations. Over twenty years of relevant experience. CPA.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money

Not scored. Smart-money tracking covers companies below about US$5B in market cap, where a single specialist fund or strategic investor taking a stake is a meaningful signal. This company was above that size when it was assessed.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents