Record-Breaking Quarter
Triple Flag achieved a record second quarter with sales of nearly 29,000 GEOs, resulting in a record adjusted EBITDA of $76 million and record operating cash flow of USD 0.38 per share.
Strong Financial Position
The company reported a 50% year-over-year increase in operating cash flow per share and exited the quarter with zero debt, expecting to be in a net cash position by the end of Q3.
Successful Acquisitions
Triple Flag completed several acquisitions, including a 1% NSR royalty on the Arthur Gold project in Nevada, which offers long-term growth potential.
Dividend Increase
The company announced its fourth consecutive annual dividend increase, now up 5% to USD 0.23 on an annualized basis.
Beta Hunt Expansion
Westgold declared a maiden resource for the Fletcher zone of 2.3 million ounces, nearly doubling the total resource base at Beta Hunt.