Gold-focused streaming and royalty firm Triple Flag Precious Metals has posted record quarterly metal sales for the April-June 2021 period.
“In our inaugural quarterly results as a public company, we are pleased to report record Q2 2021 cash flows, following our previous announce-ment of record quarterly metal sales in Q2 2021,” Shaun Usmar, Triple Flag’s founder and CEO, said in a statement.
Between April and June 2021, the Toronto-based firm sold 22,537 gold equivalent ounces (GEOs), a robust increase compared with 16,115 GEOs in the second quarter of 2020.
The company also reported a 48 percent increase in both revenue and operating cash flow compared with the second quarter of 2020, he said.
“We are also pleased to announce that our Board has declared our first dividend of $0.0475 per common share,” according to Usmar. “We intend to continue growing the dividend over time as we focus on delivering con-sistently strong results and returns without compromising our strategy of disciplined and accretive growth through the acquisition of precious met-als streams and royalties.”