Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a streaming and royalty company that provides upfront financing for mining projects in exchange for a share of the mine's future production or revenue. The company, led by founder and CEO Shaun Usmar, was established in 2016. Usmar, with his prior experience as Senior Executive Vice President and CFO of Barrick Gold Corporation, identified an opportunity to create a new senior precious metals streaming and royalty company. The business focuses primarily on gold and silver, which constitute the majority of its portfolio, but also includes other commodities like palladium, cobalt, and copper.

The company's business model involves offering capital to mine operators for exploration, construction, or expansion. In return, Triple Flag secures the right to purchase a fixed percentage of the produced metals at a preset, discounted price (a stream) or receives a portion of the revenue generated from the sale of the metals (a royalty). This model provides an alternative source of financing for miners while giving Triple Flag exposure to commodity price upside with limited exposure to operating and capital cost risks. Its portfolio includes a mix of cash-generating, ramping-up, and pre-production assets located in Australia, North and South America, and Africa.

Triple Flag Precious Metals completed its initial public offering (IPO) on the Toronto Stock Exchange (TSX) in May 2021 and is also listed on the New York Stock Exchange (NYSE) under the ticker symbol TFPM. The company emphasizes a disciplined growth strategy and a commitment to ESG principles.

Keywords: precious metals, streaming, royalty financing, gold, silver, mining finance, project financing, commodity streams, mine development, natural resources