Canada's Triple Flag prelim Q2 revenue rises, completes Ravenswood acquisition

Triple Flag Precious Metals

09/07/2026 11:12

Overview
Canada precious metals streamer reported preliminary Q2 revenue of $129.2 mln, up on prior year
Company completed $440 mln acquisition of Ravenswood gold stream in Australia
Company repurchased $20 mln of shares in Q2

Outlook
Triple Flag says it is positioned to achieve recently-raised 2026 GEOs guidance of 100,000-110,000 ounces
Company says asset base supports pursuit of accretive growth opportunities in H2 2026
Triple Flag expects strong cash flow and multiple development catalysts in 2026

Result Drivers
DIVERSIFIED ASSET BASE - Co said strong Q2 performance was driven by its diversified portfolio of streams and royalties
RAVENSWOOD ACQUISITION - $440 mln acquisition of Ravenswood gold stream in Australia added immediate cash flow in Q2

Company press release: ID:nBwbPZQvXa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$129.20 mln
$127.50 mln (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Triple Flag Precious Metals Corp is C$60.00, about 52.9% above its July 8 closing price of C$39.24
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 25 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)