40-F Filing

TRIPLE FLAG PRECIOUS METALS CORP. CIK: 1829726 FY 2023

Filing Information

Form Type	40-F
Accession Number	`0001104659-24-039990`
Period End Date	20231231
Filing Date	20240328
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	tfpm-20231231x40f_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 40 Cash Flow Statement 63 Stockholders Equity 25

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Note 7)	`CashAndCashEquivalents`	$71.10M	USD	Point-in-time
Cash and cash equivalents (Note 7)	`CashAndCashEquivalents`	$40.67M	USD	Point-in-time
Cash and cash equivalents (Note 7)	`CashAndCashEquivalents`	$17.38M	USD	Point-in-time
Amounts receivable and prepaid expenses (Note 8)	`TradeAndOtherCurrentReceivables`	$20.21M	USD	Point-in-time
Amounts receivable and prepaid expenses (Note 8)	`TradeAndOtherCurrentReceivables`	$9.60M	USD	Point-in-time
Investments and prepaid gold interests (Note 11)	`OtherCurrentFinancialAssets`	$13.95M	USD	Point-in-time
Investments and prepaid gold interests (Note 11)	`OtherCurrentFinancialAssets`	$9.91M	USD	Point-in-time
Income tax receivable	`CurrentTaxAssetsCurrent`	$1.60M	USD	Point-in-time
Inventory (Note 9)	`Inventories`	$1.39M	USD	Point-in-time
Current assets	`CurrentAssets`	$57.04M	USD	Point-in-time
Current assets	`CurrentAssets`	$90.61M	USD	Point-in-time
Mineral interests (Note 12)	`AssetsArisingFromExplorationForAndEvaluationOfMineralResources`	$1.77B	USD	Point-in-time
Mineral interests (Note 12)	`AssetsArisingFromExplorationForAndEvaluationOfMineralResources`	$1.23B	USD	Point-in-time
Other assets	`OtherNoncurrentAssets`	$4.55M	USD	Point-in-time
Other assets	`OtherNoncurrentAssets`	$3.50M	USD	Point-in-time
Deferred income tax (Note 21)	`DeferredTaxAssets`	$2.61M	USD	Point-in-time
Deferred income tax (Note 21)	`DeferredTaxAssets`	$9.34M	USD	Point-in-time
Prepaid gold interests (Note 11)	`OtherNoncurrentFinancialAssets`	$32.55M	USD	Point-in-time
Non-current assets	`NoncurrentAssets`	$1.25B	USD	Point-in-time
Non-current assets	`NoncurrentAssets`	$1.84B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.89B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.34B	USD	Point-in-time
Amounts payable and other liabilities (Note 14)	`TradeAndOtherCurrentPayables`	$11.32M	USD	Point-in-time
Amounts payable and other liabilities (Note 14)	`TradeAndOtherCurrentPayables`	$15.67M	USD	Point-in-time
Lease obligation	`CurrentLeaseLiabilities`	$277.00K	USD	Point-in-time
Lease obligation	`CurrentLeaseLiabilities`	$390.00K	USD	Point-in-time
Income tax payable	`CurrentTaxLiabilitiesCurrent`	$1.26M	USD	Point-in-time
Income tax payable	`CurrentTaxLiabilitiesCurrent`	$989.00K	USD	Point-in-time
Current liabilities	`CurrentLiabilities`	$17.32M	USD	Point-in-time
Current liabilities	`CurrentLiabilities`	$12.59M	USD	Point-in-time
Debt (Note 15)	`LongtermBorrowings`	$57.00M	USD	Point-in-time
Debt (Note 15)	`LongtermBorrowings`	-	USD	Point-in-time
Lease obligation	`NoncurrentLeaseLiabilities`	$1.76M	USD	Point-in-time
Lease obligation	`NoncurrentLeaseLiabilities`	$1.64M	USD	Point-in-time
Deferred income tax (Note 21)	`DeferredTaxLiabilities`	$3.64M	USD	Point-in-time
Deferred income tax (Note 21)	`DeferredTaxLiabilities`	$1.49M	USD	Point-in-time
Other non-current liabilities	`OtherNoncurrentLiabilities`	$4.01M	USD	Point-in-time
Other non-current liabilities	`OtherNoncurrentLiabilities`	$2.84M	USD	Point-in-time
Non-current liabilities	`NoncurrentLiabilities`	$5.97M	USD	Point-in-time
Non-current liabilities	`NoncurrentLiabilities`	$66.41M	USD	Point-in-time
Share capital (Note 22)	`IssuedCapital`	$1.25B	USD	Point-in-time
Share capital (Note 22)	`IssuedCapital`	$1.75B	USD	Point-in-time
Retained earnings	`RetainedEarnings`	$46.83M	USD	Point-in-time
Retained earnings	`RetainedEarnings`	$63.67M	USD	Point-in-time
Other	`OtherReserves`	$4.62M	USD	Point-in-time
Other	`OtherReserves`	$14.73M	USD	Point-in-time
Shareholders' equity	`Equity`	$1.32B	USD	Point-in-time
Shareholders' equity	`Equity`	$1.81B	USD	Point-in-time
Shareholders' equity	`Equity`	$1.29B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`EquityAndLiabilities`	$1.34B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`EquityAndLiabilities`	$1.89B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue (Note 26)	`Revenue`	$151.88M	USD	Annual
Revenue (Note 26)	`Revenue`	$204.02M	USD	Annual
Cost of sales excluding depletion	`IfrsCostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$36.84M	USD	Annual
Cost of sales excluding depletion	`IfrsCostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$14.80M	USD	Annual
Depletion	`IfrsCostDepletion`	$65.11M	USD	Annual
Depletion	`IfrsCostDepletion`	$50.09M	USD	Annual
Gross profit	`GrossProfit`	$102.08M	USD	Annual
Gross profit	`GrossProfit`	$87.00M	USD	Annual
General administration costs (Note 16)	`GeneralAndAdministrativeExpense`	$20.09M	USD	Annual
General administration costs (Note 16)	`GeneralAndAdministrativeExpense`	$15.52M	USD	Annual
Business development costs (Note 16)	`ResearchAndDevelopmentExpense`	$2.98M	USD	Annual
Business development costs (Note 16)	`ResearchAndDevelopmentExpense`	$4.22M	USD	Annual
Impairment charges (Note 13)	`ImpairmentLoss`	$3.60M	USD	Annual
Impairment charges (Note 13)	`ImpairmentLoss`	$27.11M	USD	Annual
Expected credit losses (Note 10)	`ExpectedCreditLossesOnFinancialAssets`	$9.72M	USD	Annual
Sustainability initiatives	`SustainabilityInitiatives`	$670.00K	USD	Annual
Sustainability initiatives	`SustainabilityInitiatives`	$805.00K	USD	Annual
Operating income	`ProfitLossFromOperatingActivities`	$40.26M	USD	Annual
Operating income	`ProfitLossFromOperatingActivities`	$64.11M	USD	Annual
(Loss)/gain on disposition of mineral interests (Note 12)	`GainLossOnDispositionOfMineralInterests`	$-1.00M	USD	Annual
(Loss)/gain on disposition of mineral interests (Note 12)	`GainLossOnDispositionOfMineralInterests`	$2.10M	USD	Annual
Increase/ (decrease) in fair value of investments and prepaid gold interests (Note 11)	`GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss`	$1.47M	USD	Annual
Increase/ (decrease) in fair value of investments and prepaid gold interests (Note 11)	`GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss`	$-4.07M	USD	Annual
Finance costs, net (Note 17)	`FinanceCosts`	$1.41M	USD	Annual
Finance costs, net (Note 17)	`FinanceCosts`	$4.12M	USD	Annual
Other expenses	`OtherExpenseByFunction`	$500.00K	USD	Annual
Other expenses	`OtherNonOperatingIncomeExpenses`	$-4.23M	USD	Annual
Other expenses	`OtherNonOperatingIncomeExpenses`	$-3.87M	USD	Annual
Foreign currency translation loss	`GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss`	$-218.00K	USD	Annual
Foreign currency translation loss	`GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss`	$-352.00K	USD	Annual
Earnings before income taxes	`ProfitLossBeforeTax`	$36.39M	USD	Annual
Earnings before income taxes	`ProfitLossBeforeTax`	$59.88M	USD	Annual
Income tax expense (Note 21)	`IncomeTaxExpenseContinuingOperations`	$107.00K	USD	Annual
Income tax expense (Note 21)	`IncomeTaxExpenseContinuingOperations`	$4.79M	USD	Annual
Net earnings	`ProfitLoss`	$36.28M	USD	Annual
Net earnings	`ProfitLoss`	$55.09M	USD	Annual
Earnings per share - Basic (in dollars per share)	`BasicEarningsLossPerShare`	$0.35	USD	Annual
Earnings per share - Basic (in dollars per share)	`BasicEarningsLossPerShare`	$0.18	USD	Annual
Earnings per share - Diluted (in dollars per share)	`DilutedEarningsLossPerShare`	$0.35	USD	Annual
Earnings per share - Diluted (in dollars per share)	`DilutedEarningsLossPerShare`	$0.18	USD	Annual

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$36.28M	USD	Annual
Net earnings	`ProfitLoss`	$55.09M	USD	Annual
Depletion	`AdjustmentsForDepletionOfMineralInterests`	$50.09M	USD	Annual
Depletion	`AdjustmentsForDepletionOfMineralInterests`	$65.11M	USD	Annual
Non-cash cost of sales related to prepaid gold interests	`AdjustmentsForNonCashCostOfSalesRelatedToPrepaidGoldInterest`	$15.97M	USD	Annual
Non-cash cost of sales related to prepaid gold interests	`AdjustmentsForNonCashCostOfSalesRelatedToPrepaidGoldInterest`	$836.00K	USD	Annual
Amortization (Note 16)	`AdjustmentsForAmortisationExpense`	$369.00K	USD	Annual
Amortization (Note 16)	`AdjustmentsForAmortisationExpense`	$374.00K	USD	Annual
Impairment charges (Note 12)	`AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	$3.60M	USD	Annual
Impairment charges (Note 12)	`AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	$27.11M	USD	Annual
Expected credit losses (Note 10)	`ExpectedCreditLossesOnFinancialAssets`	$9.72M	USD	Annual
Loss/(gain) on disposition of mineral interests	`AdjustmentsForGainLossOnDispositionOfMineralInterests`	$-1.00M	USD	Annual
Loss/(gain) on disposition of mineral interests	`AdjustmentsForGainLossOnDispositionOfMineralInterests`	$2.10M	USD	Annual
(Increase)/decrease in fair value of investments and prepaid gold interests (Note 11)	`AdjustmentsForFairValueGainsLosses`	$-1.47M	USD	Annual
(Increase)/decrease in fair value of investments and prepaid gold interests (Note 11)	`AdjustmentsForFairValueGainsLosses`	$4.07M	USD	Annual
Stock-based compensation expense	`AdjustmentsForSharebasedPayments`	$3.30M	USD	Annual
Stock-based compensation expense	`AdjustmentsForSharebasedPayments`	$3.41M	USD	Annual
Income tax expense (Note 21)	`AdjustmentsForIncomeTaxExpense`	$107.00K	USD	Annual
Income tax expense (Note 21)	`AdjustmentsForIncomeTaxExpense`	$4.79M	USD	Annual
Finance and other costs, net	`AdjustmentsForFinanceAndOtherCosts`	$3.77M	USD	Annual
Finance and other costs, net	`AdjustmentsForFinanceAndOtherCosts`	$4.35M	USD	Annual
Operating cash flow before working capital and taxes	`CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital`	$161.95M	USD	Annual
Operating cash flow before working capital and taxes	`CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital`	$123.81M	USD	Annual
Income taxes paid	`IncomeTaxesPaidClassifiedAsOperatingActivities`	$6.08M	USD	Annual
Income taxes paid	`IncomeTaxesPaidClassifiedAsOperatingActivities`	$5.03M	USD	Annual
Change in working capital (Note 28)	`IncreaseDecreaseInWorkingCapital`	$400.00K	USD	Annual
Change in working capital (Note 28)	`IncreaseDecreaseInWorkingCapital`	$1.73M	USD	Annual
Operating cash flow	`CashFlowsFromUsedInOperatingActivities`	$118.38M	USD	Annual
Operating cash flow	`CashFlowsFromUsedInOperatingActivities`	$154.14M	USD	Annual
Acquisition of mineral interests (Note 6 and 12)	`PurchaseOfExplorationAndEvaluationAssets`	$52.28M	USD	Annual
Acquisition of mineral interests (Note 6 and 12)	`PurchaseOfExplorationAndEvaluationAssets`	$190.90M	USD	Annual
Proceeds on disposition of mineral interests	`ProceedsFromDisposalOfExplorationAndEvaluationAssets`	$1.70M	USD	Annual
Proceeds on disposition of mineral interests	`ProceedsFromDisposalOfExplorationAndEvaluationAssets`	$4.50M	USD	Annual
Proceeds on sale of investments	`ProceedsFromSalesOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod`	$6.26M	USD	Annual
Acquisition of loans receivables	`PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities`	$21.04M	USD	Annual
Acquisition of investments and prepaid gold interests	`PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod`	$7.39M	USD	Annual
Acquisition of investments and prepaid gold interests	`PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod`	$2.74M	USD	Annual
Net cash used in investing activities	`CashFlowsFromUsedInInvestingActivities`	$-48.92M	USD	Annual
Net cash used in investing activities	`CashFlowsFromUsedInInvestingActivities`	$-212.98M	USD	Annual
Proceeds from issuance of debt (Note 15)	`ProceedsFromNoncurrentBorrowings`	$130.00M	USD	Annual
Repayments of debt (Note 15)	`RepaymentsOfNoncurrentBorrowings`	$73.00M	USD	Annual
Proceeds from exercise of stock options and warrants (Note 22)	`ProceedsFromExerciseOfOptionsAndWarrants`	$16.84M	USD	Annual
Normal course issuer bid purchase of common shares (Note 22)	`PaymentsToAcquireOrRedeemEntitysShares`	$20.71M	USD	Annual
Normal course issuer bid purchase of common shares (Note 22)	`PaymentsToAcquireOrRedeemEntitysShares`	$4.13M	USD	Annual
Dividends paid (Note 22)	`DividendsPaidClassifiedAsFinancingActivities`	$30.41M	USD	Annual
Dividends paid (Note 22)	`DividendsPaidClassifiedAsFinancingActivities`	$41.31M	USD	Annual
Repayments of principal and interest on lease obligation	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$359.00K	USD	Annual
Repayments of principal and interest on lease obligation	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$436.00K	USD	Annual
Payments of interest and other financing costs	`PaymentsOfInterestAndOtherFinancingFees`	$6.25M	USD	Annual
Payments of interest and other financing costs	`PaymentsOfInterestAndOtherFinancingFees`	$2.01M	USD	Annual
Debt issue costs and other	`PaymentsForDebtIssueCosts`	$1.84M	USD	Annual
Net cash from/(used in) financing activities	`CashFlowsFromUsedInFinancingActivities`	$5.12M	USD	Annual
Net cash from/(used in) financing activities	`CashFlowsFromUsedInFinancingActivities`	$-38.75M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-1.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-284.00K	USD	Annual
(Decrease)/increase in cash and cash equivalents during the year	`IncreaseDecreaseInCashAndCashEquivalents`	$30.43M	USD	Annual
(Decrease)/increase in cash and cash equivalents during the year	`IncreaseDecreaseInCashAndCashEquivalents`	$-53.72M	USD	Annual
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	$71.10M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	$40.67M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	$17.38M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalents`	$71.10M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalents`	$40.67M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalents`	$17.38M	USD	Point-in-time

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning	`Equity`	$1.32B	USD	Point-in-time
Balance at beginning	`Equity`	$1.81B	USD	Point-in-time
Balance at beginning	`Equity`	$1.29B	USD	Point-in-time
Balance at beginning (in shares)	`NumberOfSharesOutstanding`	201.35M	shares	Point-in-time
Shares issued to Maverix shareholders	`IssueOfEquity`	$491.11M	USD	Annual
Issuance of shares from exercise of stock options	`IncreaseDecreaseThroughExerciseOfOptions`	$442.00K	USD	Annual
Normal course issuer bid purchase of common shares	`IfrsStockRepurchasedDuringPeriodValue`	$4.13M	USD	Annual
Normal course issuer bid purchase of common shares	`IfrsStockRepurchasedDuringPeriodValue`	$20.70M	USD	Annual
Normal course issuer bid purchase of common shares (in shares)	`IfrsStockRepurchasedDuringPeriodShares`	351,144.00	shares	Annual
Normal course issuer bid purchase of common shares (in shares)	`IfrsStockRepurchasedDuringPeriodShares`	1.49M	shares	Annual
Normal course issuer bid purchase of common shares and ASPP	`PurchaseOfSharesUnderNormalCourseIssuerBidAndAutomaticSharePurchasePlan`	$28.71M	USD	Annual
Stock-based compensation granted to Maverix employees	`IncreaseDecreaseThroughShareBasedPaymentTransactionsWithMarverixEmployeesEquity`	$6.71M	USD	Annual
Stock-based compensation expense	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$3.30M	USD	Annual
Stock-based compensation expense	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$3.41M	USD	Annual
Net earnings	`ProfitLoss`	$36.28M	USD	Annual
Net earnings	`ProfitLoss`	$55.09M	USD	Annual
Dividends	`DividendsPaid`	$30.41M	USD	Annual
Dividends	`DividendsPaid`	$41.31M	USD	Annual
Warrants issued to Maverix shareholders	`IssueOfWarrants`	$7.94M	USD	Annual
Issuance of shares from exercise of warrants	`IncreaseDecreaseThroughExerciseOfWarrantsEquity`	$16.40M	USD	Annual
Issuance of shares from exercise of warrants (In shares)	`StockIssuedDuringPeriodStockExercised`	1.80M	shares	Point-in-time
Balance at ending	`Equity`	$1.32B	USD	Point-in-time
Balance at ending	`Equity`	$1.81B	USD	Point-in-time
Balance at ending	`Equity`	$1.29B	USD	Point-in-time
Balance at ending (in shares)	`NumberOfSharesOutstanding`	201.35M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.