Triple Flag expects 2026 stream sales and royalty revenue to range from 95,000 to 105,000 GEOs. Depletion is guided between $65M and $75M, with General Administration Costs projected at $30M to $32M.
Bullish
Triple Flag achieved record 2025 financial performance with increased revenue and cash flow, projects robust long-term organic growth to 150,000 GEOs by 2030, and maintains a strong, debt-free balance sheet.
Bearish
Triple Flag faces a stream rate reduction at Cerro Lindo in 2026 and an ongoing default from Steppe Gold's ATO agreement. The company also has limited ability to independently verify operator-provided information.