{"id":757068,"date":"2023-05-09T22:32:45","date_gmt":"2023-05-10T02:32:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/"},"modified":"2023-05-09T22:32:45","modified_gmt":"2023-05-10T02:32:45","slug":"triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/","title":{"rendered":"Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwpadr0 { padding-right: 0px }\n.bwpagebreakafter { page-break-after: always }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth22 { width: 22% }\n.bwwidth29 { width: 29% }\n.bwwidth40 { width: 40% }\n.bwwidth45 { width: 45% }\n.bwwidth54 { width: 54% }\n.bwwidth59 { width: 59% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow<\/b><\/p>\n<p>TORONTO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTriple Flag Precious Metals Corp. (with its subsidiaries, \u201cTriple Flag\u201d or the \u201cCompany\u201d) (TSX: TFPM, NYSE: TFPM) announced its results for the first quarter of 2023 and declared a dividend of US$0.05 per common share to be paid on June 15, 2023. All amounts are expressed in US dollars unless otherwise indicated.<\/p>\n<p><i>\u201cI am pleased to announce another quarter of record results for Triple Flag, reflecting the successful acquisition of Maverix,\u201d <\/i>commented Shaun Usmar, CEO<i>. \u201cWhen we announced the transaction in November last year, we emphasized the strategic fit, the opportunity to acquire a diversified, cash generating portfolio of quality assets, and the ability to capture meaningful synergies in a combination that would benefit both sets of shareholders. We anticipated that the deal would broaden our shareholder base, enhance trading liquidity and result in cost synergies of US$7 million annually, positioning Triple Flag as the 4<sup>th<\/sup> largest streaming and royalty company. I am pleased to report that these expected deal features are being fully realized \u2013 we have seen solid operating performance at underlying Maverix assets, particularly at Beta Hunt and Camino Rojo; a more than 10-fold increase in trading liquidity, with the addition of many new quality investors to our register, and index inclusion in the MVIS Global Junior Gold Miners, S&amp;P\/TSX Global Gold, and Solactive Global Silver Miners indices. We are also seeing exciting advances at a number of the exploration and development properties we acquired.\u201d<\/i><\/p>\n<p><i>\u201cAs we approach the two-year anniversary of our IPO, we are happy to have begun delivering against our ambitions in becoming the next emerging senior streaming and royalty company and look forward to what we can accomplish in the future with our enhanced platform.\u201d<\/i><\/p>\n<p><b>Q1 2023 Financial Highlights<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b><span class=\"bwinvisible\">Q1 2023<\/span><\/b><\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b><span class=\"bwinvisible\">Q1 2022<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nRevenue<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$50.3 million<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$37.8 million<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nGold Equivalent Ounces (\u201cGEOs\u201d)<sup>1<\/sup><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n26,599<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n20,113<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nOperating Cash Flow<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$38.9 million<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$26.4 million<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nNet Earnings<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$16.5 million ($0.09\/share)<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$15.9 million ($0.10\/share)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAdjusted Net Earnings<sup>2<\/sup><\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$13.5 million ($0.07\/share)<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$15.5 million ($0.10\/share)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAdjusted EBITDA<sup>4<\/sup><\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$37.1 million<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$30.5 million<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAsset Margin<sup>5<\/sup><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n88%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n92%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<div class=\"bwpagebreakafter\" \/>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\"><b>Building the Next Senior Streamer<\/b><\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Disciplined Growth and Gold Focused<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nSynergistic acquisition of Maverix<\/p>\n<\/li>\n<li>\nSolidified as the leading, gold-focused, emerging senior streamer, with 95% precious metals exposure<\/p>\n<\/li>\n<\/ul>\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Robust Cash Flow and Strong Balance Sheet<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nGenerated $118.4 million in operating cash flow in 2022; $38.9 million in Q1 2023<\/p>\n<\/li>\n<li>\n+$600M in available liquidity<\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Diversified, High-quality Portfolio and Embedded Growth<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\n27% GEOs growth expected for 2023 compared to 2022 from 27 assets<\/p>\n<\/li>\n<li>\nLeading growth profile of +140 koz GEOs (2024 &#8211; 2028E avg.)<\/p>\n<\/li>\n<\/ul>\n<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Superior ESG Practices<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRanked 4th of 117 companies in the global precious metals sector by Sustainalytics, and awarded ESG Regional and ESG Industry top rated for 2023<\/p>\n<\/li>\n<li>\nCommitted to our long-term goal of net zero emissions by 2050<\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>GEOs Sold by Commodity, Revenue by Commodity, and Financial Highlights Summary Table<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwwidth40 bwvertalignb bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td colspan=\"2\" class=\"bwwidth59 bwvertalignb bwrowaltcolor0 bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b><span class=\"bwinvisible\">Three Months Ended March 31<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><i><span class=\"bwinvisible\">($ thousands except GEOs, Asset Margin and per share numbers)<\/span><\/i><\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b><span class=\"bwinvisible\">2023<\/span><\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><span class=\"bwinvisible\">2022<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>GEOs<sup>1<\/sup><\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwwidth29 bwpadl0\" rowspan=\"1\" colspan=\"1\" \/><\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nGold<\/p>\n<\/td>\n<td class=\"bwwidth29 bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>14,005<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n10,223<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nSilver<\/p>\n<\/td>\n<td class=\"bwwidth29 bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>11,385<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n8,517<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwsinglebottom bwpadl2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nOther<\/p>\n<\/td>\n<td class=\"bwwidth29 bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>1,209<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,373<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>Total<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>26,599<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n20,113<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwwidth29 bwvertalignt bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwwidth29 bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>Revenue<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwvertalignt bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwwidth29 bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nGold<\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>26,468<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n19,188<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nSilver<\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>21,517<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n15,990<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwsinglebottom bwpadl2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nOther<\/p>\n<\/td>\n<td class=\"bwwidth29 bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2,284<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2,577<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>Total<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>50,269<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n37,755<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nNet Earnings<\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>16,534<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n15,889<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nNet Earnings per Share<\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>0.09<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n0.10<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAdjusted Net Earnings<sup>2<\/sup><\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>13,516<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n15,471<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAdjusted Net Earnings per Share<sup>2<\/sup><\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>0.07<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n0.10<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nOperating Cash Flow<\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>38,870<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n26,359<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nOperating Cash Flow per Share<\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>0.20<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n0.17<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAdjusted EBITDA<sup>4<\/sup><\/p>\n<\/td>\n<td class=\"bwwidth29 bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>37,090<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n30,457<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAsset Margin<sup>5<\/sup><\/p>\n<\/td>\n<td class=\"bwwidth29 bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>88%<\/b><\/p>\n<\/td>\n<td class=\"bwwidth29 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n92%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nThe 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. Operating Cash Flow of 20 cents per share in Q1 2023 increased from 17 cents per share in Q1 2022. We reported robust earnings of over $16.5 million in the quarter, and operating cash flow of over $38.8 million in the quarter. During Q1, we recorded non-cash cost of sales of $5.6 million ($0.03 cents per share) relating to gold pre-pay contracts, which reduced Net Earnings and Adjusted Net Earnings.<\/p>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Corporate Updates<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Closing of Maverix Transaction:<\/b> On January 19, 2023, Triple Flag successfully completed the acquisition of Maverix Metals Inc. (\u201cMaverix\u201d). In aggregate, Triple Flag issued 45.1 million common shares and paid $86.7 million to former Maverix shareholders. Upon closing of the transaction, existing Triple Flag and former Maverix shareholders owned approximately 78% and 22% of the pro forma outstanding shares of Triple Flag, respectively. Triple Flag has substantially completed the integration process and synergies are starting to be realized.\n<\/li>\n<li><b>Index Inclusion:<\/b> During the quarter and subsequent to quarter-end, Triple Flag was added to three indices: the MVIS Global Junior Gold Miners Index (tracked by the GDXJ ETF), the S&amp;P\/TSX Global Gold Index, and the Solactive Global Silver Miners Index. This is a result of meeting inclusion criteria due to the increase in free floating shares and a more than 10-fold increase in trading liquidity since the completion of the Maverix acquisition.\n<\/li>\n<li><b>Dividend: <\/b>Triple Flag\u2019s Board of Directors declared a quarterly dividend of US$0.05 per common share that will be paid on June 15, 2023, to the shareholders of record at the close of business on May 31, 2023. Upon payment of this dividend, cumulative dividends paid to shareholders since our IPO in May 2021 will exceed $65 million.\n<\/li>\n<\/ul>\n<p><b>Q1 2023 Portfolio Updates<\/b><\/p>\n<p><b>Australia:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Northparkes <\/b>(54% gold stream and 80% silver stream): Sales from Northparkes in Q1 2023 were 2,746 GEOs based on sales of 2,273 ounces of gold and 45,300 ounces of silver. Deliveries during the quarter were affected by a shipment that was executed but not settled by the end of the period and will be reported in Q2. 2023 stream deliveries are expected to be weighted towards the back end of 2023.\n<\/li>\n<li><b>Fosterville <\/b>(2.0% NSR gold royalty): Royalties from Fosterville in Q1 2023 equated to 890 GEOs. Fosterville produced 86,558 ounces of gold during the quarter despite primary ventilation operating restrictions related to low frequency noise constraints. Agnico Eagle has reported that abatement trials for the low frequency noise were completed in the first quarter of 2023, and that it believes the results were promising and are now being considered by the EPA with respect to the current prohibition notice. Agnico Eagle has reaffirmed guidance for the year at Fosterville of between 295,000 &#8211; 315,000 ounces.\n<\/li>\n<li><b>Beta Hunt <\/b>(3.25% gross revenue (\u201cGR\u201d) gold royalty)<b>:<\/b> Royalties from Beta Hunt in Q1 2023 equated to 971 GEOs. Exploration results from the Fletcher zone intersected strong mineralization and have provided compelling support for potential significant Mineral Resource growth, and the development of the second decline is expected to double production capacity.\n<\/li>\n<\/ul>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Latin America:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Cerro Lindo <\/b>(65% silver stream)<b>:<\/b> Sales from Cerro Lindo in Q1 2023 were 7,394 GEOs based on 629,662 ounces of silver sold. Production at Cerro Lindo during the quarter was impacted by unusually heavy rainfall and overflowing rivers caused by Cyclone Yaku in Peru. The two-week suspension in production during Q1 will slightly impact our silver deliveries in later periods, however we are pleased that Nexa Resources has reiterated their 2023 guidance and announced that production at Cerro Lindo has fully resumed. Triple Flag contributed US$50,000 to Nexa Resources community recovery efforts in connection with the flooding.\n<\/li>\n<li><b>Buritic\u00e1 <\/b>(100% silver stream)<b>:<\/b> Sales from Buritic\u00e1 in Q1 2023 were 1,478 GEOs based on 128,240 ounces of silver sold.\n<\/li>\n<li><b>Camino Rojo<\/b> (2.0% NSR gold royalty): Royalties from Camino Rojo in Q1 2023 equated to 523 GEOs. Orla Mining Ltd. continued to demonstrate solid operational performance during the quarter, producing over 25,000 ounces of gold and remaining on track to achieve annual gold production guidance of 100,000 \u2013 110,000 ounces.\n<\/li>\n<li><b>Eastern Borosi <\/b>(1.0% NSR gold and silver royalty)<b>:<\/b> Subsequent to quarter-end, Calibre Mining announced that it has begun mining the high-grade open pits at Eastern Borosi on which Triple Flag owns a royalty. In connection with that announcement Calibre Mining exercised its right to buy back for US$2 million half of the 2.0% NSR royalty, thereby reducing the existing royalty to a 1.0% NSR royalty. Triple Flag has received the $2 million buy-back payment and expects to receive royalty payments later this year.\n<\/li>\n<\/ul>\n<p><b>North America:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Young-Davidson<\/b> (1.5% NSR gold royalty)<b>: <\/b>Royalties from Young-Davidson in Q1 2023 equated to 627 GEOs. Young-Davidson produced 45,000 ounces of gold in Q1 2023. A total of US$8 million has been budgeted for exploration at Young-Davidson in 2023, up from US$5 million in 2022.\n<\/li>\n<li><b>Moss<\/b> (100% silver stream and gold prepay)<b>: <\/b>Sales from Moss in Q1 2023 were 1,583 GEOs based on 706 ounces of gold and 71,286 ounces of silver sold. Elevation Gold reported the results of holes that were drilled in the Reynolds Pit area, including AR23-662R, which intersected 225.6 meters of nearly continuous gold mineralization with an average grade of 0.56 g\/t gold, which is approximately 25% higher than the 2022 run of mine grade. Further important technical details relating to this drillhole intersection can be found in Elevation Gold\u2019s press release, dated April 26, 2023.\n<\/li>\n<li><b>Hope Bay<\/b> (1% NSR gold royalty): Exploration drilling at Hope Bay continued during the first quarter of 2023, with six drill rigs operating on surface. Agnico Eagle has reported a number of encouraging drillhole intersections and continues to advance an internal technical study evaluating larger production scenarios for Hope Bay.\n<\/li>\n<\/ul>\n<p><b>Rest of World:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>RBPlat <\/b>(70% gold stream)<b>:<\/b> Sales from RBPlat in Q1 2023 were 1,521 GEOs based on 1,536 ounces of gold sold. Northam Platinum Holdings has withdrawn its offer for RBPlat, paving the way for Implats\u2019 offer, which is subject to various regulatory processes. Despite a weaker first quarter, RBPlat remains confident that the operational strategies implemented will yield improved volume, grade and cost performance during the second quarter and their guidance remains unchanged.\n<\/li>\n<li><b>ATO<\/b> (25% gold stream and 50% silver stream)<b>:<\/b> Sales from the ATO stream in Q1 2023 were 3,233 GEOs based on 3,217 ounces of gold and 397 ounces of silver sold. Steppe Gold released an updated life of mine plan for ATO during the quarter which extends the mine life to 2036, including an additional 1.5 years of fresh rock expansion.\n<\/li>\n<\/ul>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Conference Call Details<\/b><\/p>\n<p>\nTriple Flag has scheduled an investor conference call at 9:00 a.m. ET (6:00 a.m. PT) on Wednesday, May 10, 2023, to discuss the results reported in today\u2019s earnings announcement. The live webcast can be accessed by visiting the Events and Presentations page on the Company\u2019s website at: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.tripleflagpm.com&amp;esheet=53396883&amp;newsitemid=20230509006180&amp;lan=en-US&amp;anchor=www.tripleflagpm.com&amp;index=1&amp;md5=7299a4f00ad79b6a55ab29965bc186bf\">www.tripleflagpm.com<\/a>. An archived version of the webcast will be available on the website for two weeks following the webcast.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Live Webcast:<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F526651349&amp;esheet=53396883&amp;newsitemid=20230509006180&amp;lan=en-US&amp;anchor=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F526651349&amp;index=2&amp;md5=672cd7d8bacf006f0c502476c543e0c3\">https:\/\/events.q4inc.com\/attendee\/526651349<\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Dial-In Details:<\/b><\/p>\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nToll-Free (U.S. &amp; Canada): +1 (888) 330-2384<\/p>\n<p class=\"bwcellpmargin\">\nInternational: +1 (647) 800-3739<\/p>\n<p class=\"bwcellpmargin\">\nConference ID: 4548984<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Replay (Until May 24):<\/b><\/p>\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nToll-Free (U.S. &amp; Canada): +1 (800) 770-2030<\/p>\n<p class=\"bwcellpmargin\">\nInternational: +1 (647) 362-9199<\/p>\n<p class=\"bwcellpmargin\">\nConference ID: 4548984<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>About Triple Flag<\/b><\/p>\n<p>\nTriple Flag is a pure play, gold-focused, emerging senior streaming and royalty company. We offer 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. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange, under the ticker \u201cTFPM\u201d.<\/p>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Forward-Looking Information<\/b><\/p>\n<p>\nThis news release contains \u201cforward-looking information\u201d within the meaning of applicable Canadian securities laws and \u201cforward-looking statements\u201d within the meaning of the United States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to herein as \u201cforward-looking information\u201d). Forward-looking information may be identified by the use of forward-looking terminology such as \u201cplans\u201d, \u201ctargets\u201d, \u201cexpects\u201d, \u201cis expected\u201d, \u201cbudget\u201d, \u201cscheduled\u201d, \u201cestimates\u201d, \u201coutlook\u201d, \u201cforecasts\u201d, \u201cprojection\u201d, \u201cprospects\u201d, \u201cstrategy\u201d, \u201cintends\u201d, \u201canticipates\u201d, \u201cbelieves\u201d, or variations of such words and phrases or terminology which states that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d, \u201cwill\u201d, \u201cwill be taken\u201d, \u201coccur\u201d or \u201cbe achieved\u201d. Forward-looking information in this news release include, but are not limited to, statements with respect to the Company\u2019s preliminary sales and revenue information for the first quarter of 2023, the release of its financial results for the first quarter of 2023, the conduct of the conference call to discuss said results, the payment of a dividend, developments in respect of the Company\u2019s portfolio of royalties and streams and those developments at certain of the mines, projects or properties that underlie the Company\u2019s interests. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management\u2019s expectations, estimates and projections regarding possible future events or circumstances.<\/p>\n<p>\nThe forward-looking information included in this news release is based on our opinions, estimates and assumptions considering our experience and perception of historical trends, current conditions and expected future developments, our assumptions regarding the acquisition of Maverix Metals Inc. (including our ability to derive the anticipated benefits therefrom), as well as other factors that we currently believe are appropriate and reasonable in the circumstances. The forward-looking information contained in this news release is also based upon a number of assumptions, including the ongoing operation of the properties in which we hold a stream or royalty interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; and the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production. These assumptions include, but are not limited to, the following: assumptions in respect of current and future market conditions and the execution of our business strategies, that operations, or ramp-up where applicable, at properties in which we hold a royalty, stream or other interest, continue without further interruption through the period, and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated, intended or implied. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Forward-looking information is also subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to, those set forth under the caption \u201cRisk Factors\u201d in our most recently filed annual information form which is available on SEDAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=53396883&amp;newsitemid=20230509006180&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=3&amp;md5=1798589e8f745907b05e2354638eccfa\">www.sedar.com<\/a> and on EDGAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53396883&amp;newsitemid=20230509006180&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=4&amp;md5=e58bbb3b5c72b18e4d86819b1daaadcc\">www.sec.gov<\/a>. For clarity, mineral resources that are not mineral reserves do not have demonstrated economic viability and inferred resources are considered too geologically speculative for the application of economic considerations.<\/p>\n<p>\nAlthough we have attempted to identify important risk factors that could cause actual results or future events to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents our expectations as of the date of this news release and is subject to change after such date. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements.<\/p>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Cautionary Statement to U.S. Investors<\/b><\/p>\n<p>\nInformation contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Triple Flag has been prepared in accordance with requirements and standards under Canadian securities laws, which differ from the requirements of the U.S. Securities and Exchange Commission (\u201cSEC\u201d) under subpart 1300 of Regulation S-K (\u201cS-K 1300\u201d). Because the Company is eligible for the Multijurisdictional Disclosure System adopted by the SEC and Canadian Securities Administrators, Triple Flag is not required to present disclosure regarding its mineral properties in compliance with S-K 1300. Accordingly, certain information contained in this press release may not be comparable to similar information made public by US companies subject to reporting and disclosure requirements of the SEC.<\/p>\n<p><b>Technical and Third-Party Information:<\/b><\/p>\n<p>\nTriple Flag does not own, develop or mine the underlying properties on which it holds stream or royalty interests. As a royalty or stream holder, Triple Flag has limited, if any, access to properties included in its asset portfolio. As a result, Triple Flag is dependent on the owners or operators of the properties and their qualified persons to provide information to Triple Flag and on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which Triple Flag holds stream, royalty, or other similar interests. Triple Flag generally has limited or no ability to independently verify such information. Although Triple Flag does not believe that such information is inaccurate or incomplete in any material respect, there can be no assurance that such third-party information is complete or accurate.<\/p>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Endnotes<\/b><\/p>\n<p><b>Endnote 1: Gold Equivalent Ounces (\u201cGEOs\u201d)<\/b><\/p>\n<p>\nGEOs are a non-IFRS measure that is based on stream and royalty interests and calculated on a quarterly basis by dividing all revenue from such interests for the quarter by the average gold price during such quarter. The gold price is determined based on the LBMA PM fix. For periods longer than one quarter, GEOs are summed for each quarter in the period. Management uses this measure internally to evaluate our underlying operating performance across our stream and royalty portfolio for the reporting periods presented and to assist with the planning and forecasting of future operating results. GEOs are intended to provide additional information only and do not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The measures are not necessarily indicative of gross profit or operating cash flow as determined under IFRS. Other companies may calculate these measures differently. The following table reconciles GEOs to revenue, the most directly comparable IFRS measure:<\/p>\n<table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwwidth54 bwvertalignb bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth45 bwvertalignb bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Three months ended<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>March 31<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth54 bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n($ thousands, except average gold price and GEOs information)<\/p>\n<\/td>\n<td class=\"bwwidth22 bwvertalignb bwpadl0 bwsinglebottom bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2023<\/b><\/p>\n<\/td>\n<td class=\"bwwidth22 bwvertalignb bwpadl0 bwsinglebottom bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2022<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth54 bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRevenue<\/p>\n<\/td>\n<td class=\"bwwidth22 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>50,269<\/b><\/p>\n<\/td>\n<td class=\"bwwidth22 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n37,755<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth54 bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAverage gold price per ounce<\/p>\n<\/td>\n<td class=\"bwwidth22 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>1,890<\/b><\/p>\n<\/td>\n<td class=\"bwwidth22 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,877<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth54 bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>GEOs<\/b><\/p>\n<\/td>\n<td class=\"bwwidth22 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>26,599<\/b><\/p>\n<\/td>\n<td class=\"bwwidth22 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n20,133<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Endnote 2: Adjusted Net Earnings (Loss) and Adjusted Net Earnings (Loss) per Share<\/b><\/p>\n<p>\nAdjusted net earnings (loss) is a non\u2011IFRS financial measure, which excludes the following from net earnings (loss):<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nimpairment charges<\/p>\n<\/li>\n<li>\ngain\/loss on sale or disposition of assets\/mineral interests<\/p>\n<\/li>\n<li>\nforeign currency translation gains\/losses<\/p>\n<\/li>\n<li>\nincrease\/decrease in fair value of financial assets<\/p>\n<\/li>\n<li>\nnon\u2011recurring charges; and<\/p>\n<\/li>\n<li>\nimpact of income taxes on these items<\/p>\n<\/li>\n<\/ul>\n<p>\nManagement uses this measure internally to evaluate our underlying operating performance for the reporting periods presented and to assist with the planning and forecasting of future operating results. Management believes that adjusted net earnings (loss) is a useful measure of our performance because impairment charges, gain\/loss on sale or disposition of assets\/mineral interests, foreign currency translation gains\/losses, increase\/decrease in fair value of financial assets and non-recurring charges (such as IPO readiness costs) do not reflect the underlying operating performance of our core business and are not necessarily indicative of future operating results. The tax effect is also excluded to reconcile the amounts on a post-tax basis, consistent with net earnings. Management\u2019s internal budgets and forecasts and public guidance do not reflect the types of items we adjust for. Consequently, the presentation of adjusted net earnings (loss) enables users to better understand the underlying operating performance of our core business through the eyes of management. Management periodically evaluates the components of adjusted net earnings based on an internal assessment of performance measures that are useful for evaluating the operating performance of our business and a review of the non-IFRS measures used by industry analysts and other streaming and royalty companies. We have revised our Adjusted Net Earnings measure to exclude adjustments for non-cash cost of sales related to prepaid gold interests. This adjustment will result in a more meaningful measure of Adjusted Net Earnings for investors and analysts to assess our current operating performance. Adjusted net earnings (loss) is intended to provide additional information only and does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The measures are not necessarily indicative of gross profit or operating cash flow as determined under IFRS. Other companies may calculate these measures differently. The following table reconciles adjusted net earnings to net earnings, the most directly comparable IFRS measure.<\/p>\n<p><b>Reconciliation of Net Earnings to Adjusted Net Earnings<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignb bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwvertalignb bwtopsingle bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Three months ended<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>March 31<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n($ thousands, except share and per share information)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2023<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2022<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet earnings<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$16,534<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$15,889<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nGain on disposal of mineral interests<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>&#8211;<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(2,099)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nForeign currency translation (gains) losses<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>(45)<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n53<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n(Increase) decrease in fair value of financial assets<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>(3,653)<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n658<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIncome tax effect<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>680<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n970<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Adjusted net earnings<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$13,516<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$15,471<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nWeighted average shares outstanding \u2013 basic<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>191,778,186<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n156,027,311<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet earnings per share<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$ 0.09<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$ 0.10<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAdjusted net earnings per share<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$ 0.07<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$ 0.10<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Endnote 3: Free Cash Flow<\/b><\/p>\n<p>\nFree cash flow is a non-IFRS measure that deducts acquisition of other assets (excluding acquisition of financial assets or mineral interests) from operating cash flow. Management believes this to be a useful indicator of our ability to operate without reliance on additional borrowing or usage of existing cash. Free cash flow is intended to provide additional information only and does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The measure is not necessarily indicative of operating profit or operating cash flow as determined under IFRS. Other companies may calculate this measure differently. The following table reconciles free cash flow to operating cash flow, the most directly comparable IFRS measure:<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignb bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwvertalignb bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Three months ended<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>March 31<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n($ thousands)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2023<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2022<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOperating cash flow<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$38,870<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$26,359<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAcquisition of other assets<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>&#8211;<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Free cash flow<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$38,870<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$26,359<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Endnote 4: Adjusted EBITDA<\/b><\/p>\n<p>\nAdjusted EBITDA is a non\u2011IFRS financial measure, which excludes the following from net earnings:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nincome tax expense<\/p>\n<\/li>\n<li>\nfinance costs, net<\/p>\n<\/li>\n<li>\ndepletion and amortization<\/p>\n<\/li>\n<li>\nimpairment charges<\/p>\n<\/li>\n<li>\ngain\/loss on sale or disposition of assets\/mineral interests<\/p>\n<\/li>\n<li>\nforeign currency translation gains\/losses<\/p>\n<\/li>\n<li>\nincrease\/decrease in fair value of assets\/investments;<\/p>\n<\/li>\n<li>\nnon-cash cost of sales related to prepaid gold interests; and<\/p>\n<\/li>\n<li>\nnon\u2011recurring charges<\/p>\n<\/li>\n<\/ul>\n<p>\nManagement believes that adjusted EBITDA is a valuable indicator of our ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations and fund acquisitions. Management uses adjusted EBITDA for this purpose. Adjusted EBITDA is also frequently used by investors and analysts for valuation purposes whereby adjusted EBITDA is multiplied by a factor or \u2018\u2018multiple\u2019\u2019 that is based on an observed or inferred relationship between adjusted EBITDA and market values to determine the approximate total enterprise value of a company.<\/p>\n<p>\nIn addition to excluding income tax expense, finance costs, net and depletion and amortization, adjusted EBITDA also removes the effect of impairment charges, gain\/loss on sale or disposition of assets\/mineral interests, foreign currency translation gains\/losses, increase\/decrease in fair value of financial assets, non-cash cost of sales related to prepaid gold interests and non-recurring charges. We believe these items provide a greater level of consistency with the adjusting items included in our adjusted net earnings reconciliation, with the exception that these amounts are adjusted to remove any impact of income tax expense as they do not affect adjusted EBITDA. We believe this additional information will assist analysts, investors and our shareholders to better understand our ability to generate liquidity from operating cash flow, by excluding these amounts from the calculation as they are not indicative of the performance of our core business and not necessarily reflective of the underlying operating results for the periods presented.<\/p>\n<p>\nAdjusted EBITDA is intended to provide additional information to investors and analysts and does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Adjusted EBITDA is not necessarily indicative of operating profit or operating cash flow as determined under IFRS. Other companies may calculate adjusted EBITDA differently. The following table reconciles adjusted EBITDA to net earnings, the most directly comparable IFRS measure.<\/p>\n<p><b>Reconciliation of Net Earnings to Adjusted EBITDA<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwblockalignl bwtablemarginb\">\n<tr>\n<td class=\"bwvertalignb bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwvertalignb bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Three months ended<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>March 31<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n($ thousands)<\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2023<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2022<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet earnings<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$16,534<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$15,889<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFinance costs, net<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>1,308<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n537<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIncome tax expense<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>1,366<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2,143<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDepletion and amortization<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>16,020<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n13,276<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nGain on disposal of mineral interests<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>&#8211;<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(2,099)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nForeign currency translation (gain) loss<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>(45)<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n53<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n(Increase) decrease in fair value of financial assets<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>(3,653)<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n658<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNon-cash cost of sales related to prepaid gold interests<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>5,560<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Adjusted EBITDA<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$37,090<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$30,457<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>Endnote 5: Gross Profit Margin and Asset Margin<\/b><\/p>\n<p>\nGross profit margin is an IFRS financial measure which we define as gross profit divided by revenue. Asset margin is a non-IFRS financial measure which we define by taking gross profit and adding back depletion and non-cash cost of sales related to prepaid gold interests and dividing by revenue. We use gross profit margin to assess profitability of our metal sales and use asset margin to evaluate our performance in increasing revenue and containing costs and providing a useful comparison to our peers. Asset margin is intended to provide additional information only and does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The following table reconciles asset margin to gross profit margin, the most directly comparable IFRS measure:<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td colspan=\"2\" class=\"bwvertalignt bwpadl0\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwvertalignb bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Three months ended<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>March 31<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\n($ thousands except Gross profit margin and Asset margin)<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2023<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2022<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwvertalignb bwpadl2\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nRevenue<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$50,269<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$37,755<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwvertalignt bwsinglebottom bwpadl2\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nCost of sales<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>27,395<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n16,211<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwvertalignt bwpadl2\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nGross profit<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>22,874<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n21,544<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwvertalignt bwsinglebottom bwpadl2\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Gross profit margin<\/b><\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>46%<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n57%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwvertalignt bwpadl2\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nGross profit<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>$22,874<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$21,544<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwvertalignt bwpadl2\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nAdd: Depletion<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>15,928<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n13,179<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwvertalignt bwsinglebottom bwpadl2\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nAdd: Non-cash cost of sales related to prepaid gold interests<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>5,560<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwpadl2\" rowspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>44,362<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n34,723<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl2\" rowspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nRevenue<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>50,269<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n37,755<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl2\" rowspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>Asset margin<\/b><\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>88%<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n92%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n\u00a0<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230509006180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230509006180\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230509006180\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations:<br \/>\n<\/b><br \/>James Dendle<br \/>\n<br \/>Senior Vice President, Corporate Development<br \/>\n<br \/>Tel: +1 (416) 304-9770<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:ir@tripleflagpm.com\">ir@tripleflagpm.com<\/a><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Gordon Poole, Camarco<br \/>\n<br \/>Tel: +44 (0) 7730 567 938<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:tripleflag@camarco.co.uk\">tripleflag@camarco.co.uk<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Mining\/Minerals Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow TORONTO&#8211;(BUSINESS WIRE)&#8211; Triple Flag Precious Metals Corp. (with its subsidiaries, \u201cTriple Flag\u201d or the \u201cCompany\u201d) (TSX: TFPM, NYSE: TFPM) announced its results for the first quarter of 2023 and declared a dividend of US$0.05 per common share to be paid on June 15, 2023. All amounts are expressed in US dollars unless otherwise indicated. \u201cI am pleased to announce another quarter of record results for Triple Flag, reflecting the successful acquisition of Maverix,\u201d commented Shaun Usmar, CEO. \u201cWhen we announced the transaction in November last year, we emphasized the strategic fit, the opportunity to acquire a diversified, cash generating portfolio of quality assets, and the ability to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-757068","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow TORONTO&#8211;(BUSINESS WIRE)&#8211; Triple Flag Precious Metals Corp. (with its subsidiaries, \u201cTriple Flag\u201d or the \u201cCompany\u201d) (TSX: TFPM, NYSE: TFPM) announced its results for the first quarter of 2023 and declared a dividend of US$0.05 per common share to be paid on June 15, 2023. All amounts are expressed in US dollars unless otherwise indicated. \u201cI am pleased to announce another quarter of record results for Triple Flag, reflecting the successful acquisition of Maverix,\u201d commented Shaun Usmar, CEO. \u201cWhen we announced the transaction in November last year, we emphasized the strategic fit, the opportunity to acquire a diversified, cash generating portfolio of quality assets, and the ability to &hellip; Continue reading &quot;Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-10T02:32:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230509006180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"21 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow\",\"datePublished\":\"2023-05-10T02:32:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\\\/\"},\"wordCount\":4248,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230509006180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\\\/\",\"name\":\"Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow - 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(with its subsidiaries, \u201cTriple Flag\u201d or the \u201cCompany\u201d) (TSX: TFPM, NYSE: TFPM) announced its results for the first quarter of 2023 and declared a dividend of US$0.05 per common share to be paid on June 15, 2023. All amounts are expressed in US dollars unless otherwise indicated. \u201cI am pleased to announce another quarter of record results for Triple Flag, reflecting the successful acquisition of Maverix,\u201d commented Shaun Usmar, CEO. \u201cWhen we announced the transaction in November last year, we emphasized the strategic fit, the opportunity to acquire a diversified, cash generating portfolio of quality assets, and the ability to &hellip; Continue reading \"Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-10T02:32:45+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230509006180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"21 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow","datePublished":"2023-05-10T02:32:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/"},"wordCount":4248,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230509006180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/triple-flag-announces-q1-2023-results-record-geos-and-operating-cash-flow\/","name":"Triple Flag Announces Q1 2023 Results \u2013 Record GEOs and Operating Cash Flow - 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