Who we are

Our Vision

To be a leading source of bespoke financing to the mining sector.

Our Mission

To be a sought-after, long-term funding partner to mining companies throughout the commodity cycle while generating attractive returns for our investors

Company Profile

Triple Flag is a growing, precious metals-focused royalty and streaming company with proven execution capabilities in the most attractive segment of this market.

Our focus on cash-generating mines and construction-ready, fully-permitted projects (with development times of 2 years or less to cash flow) is balanced by prudent investments across earlier stages of the mine life cycle to maintain exposure to a robust collection of development-stage assets and grow free cash flow per share over the long term.

We pride ourselves on adaptability and flexibility in structuring financing solutions that are customized to meet the needs of our mining partners. Our aim is to be a valued finance partner, facilitating development and expansion of mining projects that deliver value for our counterparties.

As a result, a high proportion of our deal opportunities have been sourced from referrals from our existing counterparties as well as our network of contacts, leading to bilateral discussions with potential partners rather than auction processes.

Our Approach

  • We use a lean, low-burn rate model that limits G&A expenses
  • We supplement a core team of professionals with experts drawn from an external global network, tailored for each opportunity
  • We have an analysis-intensive and adaptable culture that allows flexibility and efficiency in structuring financing solutions for our mining partners
  • Since our inception, we have demonstrated access to deal flow, including through our extensive networks from former careers in some of the world’s largest mining companies

Our differentiated approach is focused on enabling analysis excellence in order to more effectively identify the true potential and inherent risks of each opportunity. A competitive advantage evidenced by the rapid development of our portfolio, and prudent decisions to turn down seemingly-attractive opportunities.

What Sets Us Apart

Culture

analysis-intensive, adaptable, inclusive, transparent engagement model

Business Model

a lean core team keeps costs low and cultivates the culture to seek out new opportunities and creative solutions

Partnership Approach

structured financing solutions that align interests with our partners and are customized to meet their needs

Growth Potential

a strong transaction track record with a proven business model

A Mining Background

deep experience and networks in all aspects of the mining industry

Attention to Detail

reputation for extensive due diligence and innovative commercial structuring

Streaming & Royalty Model

Limited exposure to operating and capital costs with strong cash margins:

All of Triple Flag’s royalties are revenue-based and our stream agreements have low ongoing cash payments, generating strong cash margins

Long-term upside exposure to exploration success, mine life extensions, and operational expansions:

All of Triple Flag’s royalties and streams provide life-of-mine exposure

Further upside potential through underlying development/exploration projects:

Long-term upside exposure is enhanced by our streams and royalties on development-stage projects

Robust and relatively stable free cash flow allows for a sustainable dividend policy and funding of new investments:

Strong cash margins and limited exposure to operating and capital costs of underlying mines results in more predictable free cash flow

Greater diversification compared to mining companies:

Enhanced diversification by mine, jurisdiction, and operator reduces risk

Committed to pure play streaming and royalty model:

For all of the benefits stated above, our strategy is focused on sticking to the proven model and does not include making standalone equity investments in mining assets or companies

Investment Criteria

We focus our investments on underlying operations with cost structures that ensure the viability of the mine, while also assessing the financial risk of our counterparties and prioritizing contractual protections in order to enhance the security of our investments.

Commodities exposure: gold and silver

Balanced by assessing exposure to base metals and bulk commodities from time to time while maintaining our long-term target portfolio precious metals content of at least 80%

ESG values: core to Triple Flag

We believe in the essential good that ethical mining provides society, and recognize that optimal ESG performance in the mining and metals business drives operational and reputational performance

Stage: producing or construction-ready and fully-permitted

Balanced by prudent investments across earlier stages of the mine life cycle to maintain exposure to a robust collection of development-stage assets and grow free cash flow per share over the long term

Geographies: the Americas, Australia and Europe

Balanced by willingness to pursue assets globally for appropriate risk-adjusted returns where we can ensure adequate protections and the asset quality justifies it