Shaun Usmar, Founder, CEO, and Director of Triple Flag Precious Metals (TSX: TFPM) (NYSE: TFPM), joins us for an exclusive Company overview and introduction, of the 229 royalties and streams, with 29 paying assets in production. We start off reviewing how the company started and grew privately, before listing on the TSX in May of 2021, and recently has transformed growing further through the acquisition of Maverix Metals (NYSE: MMX), which just was completed in January of this year.
We outline some of the key cornerstone assets in the portfolio of projects, such as the major contribution from the gold and silver streams on Northparkes and Cerro Lindo, or the cash-flowing producing PM royalties from Fosterville, Young-Davidson, RBPlat, Buritica, Beta Hunt, Camino Rojo, and more with a focus in the Americas and Australia. Shaun reviews that the pro-forma payable PM production for 2022 was in the range of 113,000 – 116,000 gold equivalent ounces, and the Company is targeting a 5-year average moving forward of approximately 140,000 gold equivalent ounces from 2023 – 2027.
In addition to the strength of the operators for the 29 assets already in production, we discuss the how the Triple Flag team vets the upside optionality for exploration and development on their overall large basket of royalties and streams, in tandem with exposure to overall land packages to capture future growth and investment. Shaun outlines the various strengths and bench of experience of the management team and the BOD. We wrap up the discussion with the financial position of the Company with $148Million from annual operating cashflow, a 1.4% dividend, $600Million in available credit liquidity for potential deals, and then highlighting the key stakeholders like Elliot, Newmont, Kinross, and a number of funds and institutions.
If you have any questions for Shaun regarding Triple Flag, then please email Shad@kereport.com.
.