Triple Flag Precious Metals (TFPM)
Finances gold and silver mines through streams and royalties.
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Provides streaming and royalty financing for gold and silver mining projects rather than operating mines. Revenue exposure comes from contractual interests across producing, development, and exploration-stage projects.
Provides streaming and royalty financing to mining companies, giving it exposure to gold and silver across a portfolio of financed projects without operating the underlying mines. Stream agreements typically pair upfront capital with low ongoing cash payments, while royalties are revenue-based.
Portfolio investments span producing, development, and exploration-stage projects, and the company evaluates mine cost structures, sustainability practices, counterparty financial risk, and contractual protections. Managed from Toronto by a small team, its management and board bring metals-and-mining experience and sector networks. The business depends on counterparties bringing financed mines into production and on the contractual terms governing each stream or royalty.
Company facts
Unavailable right now.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $15.2M · Total debt $235.0M · Total assets $2.57B · Shareholders' equity $2.28B
- Revenue
- $129.2M
- Operating income
- $84.4M
- Net income
- $156.3M
HistoryDividendAnnual yield
206.53M ADS as of Sep 22, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Elliott Investment Management L.P.Institution | 64.51% | 133.24M | filed Jun 30, 2026 |
Newmont Canada CorporationStrategic | —8.40% of class, as filed | — | filed Feb 21, 2023 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Wheaton Precious Metals
Large precious-metals streaming platform with royalty interests
- Franco-Nevada
Large, gold-focused royalty and streaming finance platform
- Royal Gold
Diversified precious-metals stream and royalty finance provider
- OR Royalties
Precious-metals royalty and streaming platform focused on Tier-1 jurisdictions
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Triple Flag Precious Metals | $32.94 | +0.55% | $6.77B | 16.4 | 26.0 | 13.9 | +37.3% |
| Wheaton Precious Metals | $149.28 | +1.10% | $67.06B | 32.7 | 29.0 | 21.1 | +84.7% |
| Franco-Nevada | $262.13 | +0.17% | $50.47B | 34.2 | 29.6 | 21.8 | +57.3% |
| Royal Gold | $251.91 | +0.72% | $21.23B | 27.3 | 21.2 | 13.7 | +114.9% |
| OR Royalties | $36.58 | +1.30% | $6.77B | 24.1 | 22.5 | 18.7 | +62.1% |
| Median | 30.0 | 25.8 | 19.9 | +73.4% |