Triple Flag Precious Metals Corp. Q3 2026 Earnings Recap

Triple Flag’s stock rose 9.0% after earnings. The company reported 15% year-over-year growth in operating cash flow per share, while reaffirming that it remains on track to deliver in the top half of its increased 100,000–110,000 GEO guidance range.

Key Takeaways

• Q3 deliveries were 25,000 GEOs; revenue of $107 million increased 14% year over year, and adjusted EBITDA of $94 million increased 22%.
• Operating cash flow per share rose 15% to $0.45 from $0.39 a year earlier.
• Triple Flag repurchased $20 million of shares during Q3, following $20 million in Q2. It ended the quarter with $185 million drawn on its revolver, $20 million in cash, and $1.1 billion of available liquidity.
• Northparkes growth plans include an E22 block cave expected to produce in 2030 and infrastructure intended to support underground capacity of 11 million tonnes per annum, more than 50% above current capacity.
• Management said the company expects to repay its revolver during 2027 at current metal prices; that outlook is conditional on metal prices.