In section Market Quotes

Triple Flag Revenue Climbs as Gold and Silver Demand Strengthens

Toronto-based Triple Flag Precious Metals outperformed analyst expectations in the second quarter, reporting $129.2 million in revenue. The surge marks a significant jump from the $94.1 million generated during the same period last year, fueled primarily by increased contributions from its core gold and silver streaming operations.

Triple Flag Revenue Climbs as Gold and Silver Demand Strengthens

Gold revenue climbed to $81.9 million, while silver sales reached $44.4 million, outpacing the $63.6 million and $30.5 million recorded a year prior. Copper and miscellaneous metals added $2.9 million to the total quarterly intake. Market analysts had anticipated a more conservative revenue figure of $124.2 million for the period.

Chief Executive Sheldon Vanderkooy attributed the results to the company's diversified asset base. With these figures in hand, Triple Flag remains on track to meet its recently upgraded annual guidance of 100,000 to 110,000 gold-equivalent ounces by 2026.

Share:on TelegramXFacebook

Subscribe to our newsletter

Once a week — the best stories from our editors, no ads or push notifications. Delivered Sunday morning.

Comments (0)

Leave a comment

No comments yet. Be the first!