Triple Flag Delivers a Record Start to 2026

• Triple Flag reported a record Q1 2026 revenue of US$147.0 million from 30,166 gold‑equivalent ounces (GEOs) sold – the highest quarterly revenue since inception.
• Sales mix: 18,249 oz gold (US$88.9 M), 11,567 oz silver (US$56.4 M) and 350 oz copper/other (US$1.7 M).
• Management reaffirmed the 2026 GEO guidance of 95,000‑105,000 oz and highlighted an upcoming construction decision at Hope Bay in May 2026.
• Liquidity remains strong with > US$1 billion of available cash and credit facilities to fund growth projects and streaming commitments.

• Revenue surge: The $147 M figure is a ~57% increase versus Q1 2025 ($93.5 M) and exceeds consensus expectations for the quarter, marking a material positive shift in topline performance.
• Guidance reaffirmation: Maintaining the 95‑105 k GEO target signals that operational execution (e.g., Northparkes, Johnson Camp, new streams) is on track; no downgrade risk evident.
• Hope Bay construction decision: A concrete timeline (May 2026) reduces uncertainty around a key growth project and could unlock additional royalty upside if the mine proceeds to build.
• Liquidity cushion: Over $1 bn of cash/credit provides ample runway for upcoming financing of E44, Arthur PFS, Kemess PEA, and other pipeline assets, mitigating short‑term capital‑raising risk.

Overall, the news delivers a material positive catalyst that materially improves earnings outlook and de‑riskes near‑term project execution.

Triple Flag is a streaming and royalty company focused on precious metals (gold, silver) and select base‑metal assets. Its flagship portfolio includes high‑grade streams from Northparkes (Australia), Johnson Camp & Tres Quebradas (Argentina), and the newly unlocked E44 deposit at Northparkes. The upcoming Hope Bay (Australia) construction decision is a pivotal growth project.