Triple Flag Precious Metals (TFPM) Mining Forum Europe 2026 summary

Company overview and strategic priorities

• Fourth-largest precious metals streaming and royalty company, founded in 2016 and public since 2021, with a $7.5 billion market cap and $1.8 billion in shareholder capital.

• Portfolio includes about 240 assets, with 35 producing cash flow, focusing on Tier 1 assets and strong jurisdictions.

• Strategic focus on deploying capital into streams and royalties with good operators in favorable jurisdictions, mainly Americas and Australia.

• Achieved approximately 4x return on capital invested and paid several hundred million dollars in dividends.

Deal flow, contract structures, and jurisdictional approach

• Typical deal size ranges from $200 million to $500 million, representing the bulk of sector transactions and driving meaningful growth.

• No hard cap on jurisdictional exposure, but strong emphasis on jurisdiction risk, with largest asset concentration in Australia and Americas.

• Northparkes is the largest asset, now positioned as the main growth engine for the next 5-10 years, with innovative agreements unlocking exploration upside.

Growth outlook and asset development

• Path to 2030 targets 45% growth in gold equivalent ounces, from 90,000–105,000 to around 145,000, driven by embedded growth in existing operations and new projects.

• Growth sources include mine plan expansions at Beta Hunt, Northparkes, RBPlat, and new construction projects like Koné (Côte d'Ivoire) and Arcata (Peru).

• Conservative growth assumptions, with production increases expected to start in 2026–2027 and continue through 2030.