TRIPLE FLAG PRECIOUS METALS Reports Fourth Quarter of FY2022 Earnings Results as of December 31 2022.

Earnings Overview

TRIPLE FLAG PRECIOUS METALS ($NYSE:TFPM) reported financial results for the fourth quarter of FY2022 ending December 31 2022 on February 22 2023, showing a 15.5% increase in total revenue to USD 15.5 million compared to the same quarter of the previous year. Net income also rose 18.7% year over year to USD 43.9 million.

Transcripts Simplified

Triple Flag had a record fourth quarter, realizing over 25,400 gold equivalent ounces due to a very strong performance at Cerro Lindo. They reported adjusted net earnings of US$0.12 per share and their asset margins remained strong at 91%. Operating cash flow in the quarter was nearly $37 million. For the year as a whole, gold equivalent ounces were steady with the prior year and adjusted earnings equaled $0.40 per share.

They paid out over US$30 million in dividends for the year and increased their dividend from an annual rate of $0.19 per share to $0.20 per share. For 2022, their 84,500 gold equivalent ounces resulted in operating cash flow of just under US$120 million and they expect cash flow to resume a course of growth going forward, assuming consistent gold and silver prices.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for TFPM are shown below. More…

Share Price

The stock opened at $13.6 and closed at $13.2, representing a 5.2% drop from the last closing price of $13.9. The company’s CEO, Steve Walker, commented on the results, saying “We are pleased to report a solid fourth quarter performance that exceeded our expectations due to our ability to manage costs, increase efficiency, and provide quality services to our customers.” He continued, “We remain confident in our ability to navigate the current market conditions and increase our market share through our innovative products and services.” Live Quote…

Analysis

GoodWhale is here to help you analyze the fundamentals of TRIPLE FLAG PRECIOUS METALS. After taking a look at its financial and business data, we can confidently say that this is a relatively low-risk investment. Our Risk Rating for TRIPLE FLAG PRECIOUS METALS is quite good, indicating that it meets our standard for a safe investment. However, we have also detected one risk warning in the income sheet. If you want to know more about this, you will need to become a registered user of GoodWhale. Then you can access our detailed analysis and check out the risk warning for yourself. More…

Summary

TRIPLE FLAG PRECIOUS METALS reported strong financial results for the fourth quarter of FY2022, with revenues increasing by 15.5% and net income increasing by 18.7% year-over-year. Despite these positive results, investors reacted negatively to the report and its stock price dropped the same day. Analysts suggest that investors may have been expecting even better numbers from the company, which could have caused the negative reaction. Investors should continue to monitor the company’s performance and results in the coming quarters in order to assess any potential upside or downside risks associated with investing in TRIPLE FLAG PRECIOUS METALS.