Triple Flag Precious Metals (TFPM): Q3 revenue up 14% to $106.7M on higher gold and silver prices
Q3 2026 revenue rose 14% y/y to $106.7M on higher gold and silver prices; nine-month revenue up 42% to $382.9M.
What this filing says
Triple Flag Precious Metals filed its interim results for the three and nine months ended September 30, 2026, with the full MD&A and financial statements attached as exhibits. For the quarter, revenue rose 14% to $106.7 million, driven mainly by higher gold and silver prices, though lower deliveries from some stream interests held back the gain. Investing cash flow turned positive in the quarter, largely due to a $5.0 million proceeds from a royalty buydown.
Key figures
- Q3 2026 revenue
- $106.7 million
- Q3 2025 revenue
- $93.5 million
- Nine-month 2026 revenue
- $382.9 million
- Nine-month 2025 revenue
- $269.8 million
- Q3 2026 net cash from investing
- $3.7 million
- Q3 2025 net cash used in investing
- $154.1 million
Positive for shareholders
- Revenue grew 14% in the quarter and 42% over nine months, helped by higher gold and silver prices.
- Higher attributable royalty ounces from JCM added to royalty volume.
- Deliveries from the newly acquired Ravenswood stream contributed to revenue.
Negative for shareholders
- Lower deliveries from Northparkes and Cerro Lindo reduced stream and related interest volume.
- Cerro Lindo's stream rate step-down took effect in Q2 2026, weighing on results.
- Lower attributable royalty ounces from Young-Davidson and Florida Canyon reduced royalty volume.
Written by Quantisnow AI from this filing. Not financial advice.
Form 6-K main document
Key terms
- Stream:
- An agreement where the company pays upfront for a right to buy a set share of a mine's future metal output at a fixed low price.
- Royalty buydown:
- A payment that reduces or ends an ongoing royalty obligation owed to the company on a mining asset.
- NSR royalty:
- A net smelter return royalty, which pays a share of revenue from a mine's output after certain processing and smelting costs are deducted.
- Adjusted EBITDA:
- A profit measure that adds back interest, taxes, depreciation and certain other items to show operating earnings before those costs.
FAQ
How much did Triple Flag Precious Metals' revenue grow in the third quarter of 2026?
Revenue was $106.7 million, up 14% from $93.5 million in the same period of 2025, according to the filing.
What drove the change in Triple Flag's revenue?
Higher gold and silver prices added $14.0 million and $13.9 million, while a $15.9 million drop from lower stream volume partially offset the gains.
Historical context for TFPM
Across the 15 sessions after earlier TFPM headlines, the stock closed higher 10 times and lower 5 times, with a median move of 2.4% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | TFPM | SPY |
|---|---|---|---|
| Oct 7, 2026 | Triple Flag Announces Strong Revenue in Q3 2026 and First Deliveries from Ravenswood | -1.8% | -0.2% |
| Aug 6, 2026 | Triple Flag Announces Strong Q2 2026 Results and Increases Quarterly Dividend for the 5th Consecutive Yearand 1 other headline that session | +2.7% | -0.2% |
| Jul 9, 2026 | Triple Flag Delivers Strong Q2 2026 GEOs and Repurchases $20 Million of Shares | +2.9% | +0.8% |
| Jun 25, 2026 | Triple Flag Completes Acquisition of US$440 Million Gold Stream on the Ravenswood Gold Mine | +0.4% | +0.1% |
| Jun 12, 2026 | Triple Flag Precious Metals Corp. upgraded by Canaccord Genuityand 1 other headline that session | +4.1% | +0.5% |
| Jun 11, 2026 | Triple Flag Increases 2026 GEOs Guidance and Announces Steppe Gold Agreement | +4.3% | +1.7% |
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Precious Metals
- Listed since
- 2022
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