(Kitco News) - On Tuesday, Triple Flag Precious Metals (TSX: TFPM) announced record quarterly revenues of approximately $43.9 million for the fourth quarter of 2022 and record annual revenues of approximately $151.9 million in full-year 2022, subject to completion of year-end reporting and audit procedures.
The company said that these results represent record metal sales of 25,428 gold equivalent ounces ("GEOs") for the fourth quarter of 2022 (a 23% increase over the same period in the prior year) and metal sales of 84,571 GEOs for full-year 2022 (full-year 2021: 83,602 GEOs), representing quarterly and annual record GEO sales, respectively.
"This represents the sixth consecutive annual GEO record, translating to a 21% cumulative annual growth rate in GEOs since 2017," the company said in a statement.
Triple Flag added that operational performance of the portfolio was broadly in line with the company's expectations, however non-operational timing delays represented a reduction of over 3,850 GEO sales versus the annual guidance issued in its Q3 2022 results release.
Triple Flag is a pure play, gold-focused, emerging senior streaming and royalty company. The company offers bespoke financing solutions to the metals and mining industry with exposure primarily to gold and silver in the Americas and Australia, with a total of 80 assets, including 9 streams and 71 royalties. These investments are tied to mining assets at various stages of the mine life cycle, including 15 producing mines and 65 development and exploration stage projects.
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