The chart below shows how TFPM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TFPM sees a +1.91% change in stock price 10 days leading up to the earnings, and a +0.72% change 10 days following the report. On the earnings day itself, the stock moves by -0.76%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record Gold Sales Performance: Triple Flag delivered another strong performance in Q3, with record sales of nearly 30,000 gold equivalent ounces.
Record Quarter Performance: This has resulted in another record quarter for Triple Flag and places us firmly on track to achieve our 2024 production guidance of 105,000 to 115,000 ounces.
Cash Flow Surge: Operating cash flow per share increased over 70%, as compared to the prior period.
Net Debt Position Update: We exited the quarter with a small net debt position of only $11 million, following third quarter drawdowns on the credit facility of over $60 million for the acquisition of the new streams with Allied Gold and an additional royalty on the Tamarack project.
Index Inclusion Benefits: Triple Flag was added to the S&P/TSX Composite Index, which brings exposure to a broader investor base as well as greater liquidity and trading.
Negative
Cash Flow Decline: Operating cash flow per share decreased over 70%, as compared to the prior period.
Net Debt Position Update: We exited the quarter with a small net debt position of only $11 million, following third quarter drawdowns on the credit facility of over $60 million for the acquisition of the new streams with Allied Gold and an additional royalty on the Tamarack project.
Capital and Asset Growth: We have a capital of nearly $690 million, a broad base of 235 assets, a strong organic growth profile, and our corporate development team remains busy and focused on adding additional assets to the portfolio.
Gold Prepay Arrangements Impact: We have seen a number of gold prepay arrangements being completed in the last 12 months or so, which could potentially erode the opportunities set for streaming companies.
Future Outlook for Shareholders: We are looking for what 2025 brings for Triple Flag and all its shareholders.
Triple Flag Precious Metals Corp. (TFPM) Q3 2024 Earnings Call Transcript
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