Triple Flag Precious Metals Corp. (NYSE:TFPM) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Shaun Usmar - Chief Executive Officer Sheldon Vanderkooy - Chief Financial Officer James Lill - Director, Mining Conference Call Participants Cosmos Chiu - CIBC Greg Barnes - TD Securities Tanya Jakusconek - Scotiabank Lawson Winder - Bank of America Securities Brian MacArthur - Raymond James John Tumazos - Very Independent Research Operator Hello and thank you for standing by. At this ...

Exhibit 99.2 Unaudited Condensed Interim Consolidated Financial Statements of Triple Flag Precious Metals Corp. For the three months ended March 31, 2024 (Expressed in United States Dollars) Triple Flag Precious Metals Corp. Condensed Interim Consolidated Balance Sheets | | | As at March 31, | | As at December 31, | | --- | --- | --- | --- | --- | | ($US thousands) (Unaudited) | 2024 | | 2023 | | | ASSETS | | | | | | Cash and cash equivalents | $ | 29,361 | $ | 17,379 | | Amounts receivable and prepaid expe ...

Financial Performance - In 2023, Triple Flag's revenue reached $204 million, a 34% increase from $152 million in 2022[98] - Adjusted EBITDA for 2023 was $159 million, up from $119 million in 2022, reflecting a 33% growth[105] - The company reported adjusted net earnings of $61 million in 2023, compared to $58 million in 2022, indicating a 5% increase[105] - Revenue for Q4 2023 was $51,739 thousand, up 17.5% from $43,886 thousand in Q4 2022; full-year revenue increased 34.4% to $204,024 thousand from $151,885 thousand[117] - Gross profit for Q4 2023 was $26,447 thousand, a 8.1% increase from $24,458 thousand in Q4 2022; full-year gross profit rose 17.3% to $102,076 thousand from $87,004 thousand[117] - Net earnings for Q4 2023 were $9,755 thousand, down 37.0% from $15,460 thousand in Q4 2022; full-year net earnings decreased 34.1% to $36,282 thousand from $55,086 thousand[117] - Adjusted net earnings for Q4 2023 were $17,754 thousand, slightly up from $17,429 thousand in Q4 2022; full-year adjusted net earnings increased 8.3% to $66,267 thousand from $61,012 thousand[117] - Net earnings for 2023 were $36.3 million, a decrease of 34.2% from $55.1 million in the prior year, primarily due to higher impairment charges and finance costs[251] Commodity Prices - The average gold price in 2023 was $1,941 per ounce, an 8% increase compared to $1,800 per ounce in 2022[110] - The average silver price in 2023 was $23.35 per ounce, a 7% increase from $21.73 per ounce in 2022[114] - As of December 31, 2023, the gold price was $2,078 per ounce, marking a 14% increase from the same period in the previous year[112] Asset Management - The company has a diversified portfolio of 235 assets, including 32 producing assets and 203 in development and exploration[107] - The company aims to enhance portfolio quality through accretive investments while managing capital structure effectively[107] - The company maintained an asset margin of 90% for the year[117] Production and Sales - The company achieved 105,087 GEOs in 2023, exceeding the guidance of 100,000 to 115,000 GEOs[120] - The company sold 26,243 GEOs in Q4 2023, a 3% increase from 25,428 GEOs sold in Q4 2022, primarily due to assets from the Maverix acquisition[147] - For the year 2023, the company achieved a record sale of 105,087 GEOs, representing a 24% increase from 84,571 GEOs sold in 2022[148] - The company reported gold revenue of $29.568 million in Q4 2023, up from $19.328 million in Q4 2022, and $119.041 million for the year, compared to $80.533 million in 2022[143] - Silver revenue for Q4 2023 was $19.484 million, down from $21.892 million in Q4 2022, while annual silver revenue increased to $75.554 million from $61.051 million[143] Acquisitions - The acquisition of Maverix closed on January 19, 2023, for $86.7 million and 45,097,390 common shares, with mineral interests valued at $587.8 million[155] - The company acquired a 1.5% gross revenue royalty on the Johnson Camp Mine for $5.5 million in cash on November 30, 2023[150] - An additional 2.65% net smelter returns gold royalty was acquired from Stawell Gold Mines for $16.6 million on September 25, 2023[151] - The company acquired a 2.5% NSR royalty on the Agbaou gold mine for $15.5 million on June 23, 2023[152] - The company completed the acquisition of 80% interest in Northparkes by Evolution Mining on December 18, 2023[178] Financial Position - Total assets increased to $1,894.5 million as of December 31, 2023, from $1,337.0 million as of December 31, 2022, primarily due to assets acquired from the Maverix acquisition[210] - Total liabilities rose to $83.7 million as of December 31, 2023, compared to $18.6 million as of December 31, 2022, largely due to net drawdown from the Credit Facility for the Maverix acquisition[213] - Total shareholders' equity increased to $1,810.7 million as of December 31, 2023, from $1,318.5 million as of December 31, 2022, reflecting additional equity issued and income generated during the period[215] Cash Flow and Expenses - Operating cash flow for 2023 was $154.1 million, an increase of 30.2% from $118.4 million in 2022, driven by higher cash flows from interests acquired through the Maverix acquisition[277] - Finance costs for 2023 were $4.1 million, up from $1.4 million in the prior year, primarily due to higher interest charges on a drawn balance of the Credit Facility[249] - General administration costs for the year ended December 31, 2023, were $20.1 million, compared to $15.5 million in the prior year, driven by higher employee and public company costs[243] - The expected credit loss provision for the three months ended December 31, 2023, was $8.7 million, compared to nil for the same period in the prior year[234] - Cash and cash equivalents at the end of the period for 2023 were $17.4 million, a decrease from $71.1 million at the end of 2022[273] Future Guidance - 2024 guidance includes GEOs of 105,000 to 115,000, depletion of $70 million to $80 million, and general administration costs of $23 million to $24 million[123] - The company expects Phase 2 at ATO to generate 1,237,000 ounces of gold equivalent over 12 years, averaging over 100,000 ounces per annum[191] - The company expects to spend $12 million on exploration at Young-Davidson in 2024, up from $8 million in 2023, indicating ongoing exploration success[206]

Exhibit 99.1 Management Proxy Circular Triple Flag Precious Metals Corp. Annual Meeting of Shareholders May 8, 2024 This document contains: Notice of Annual Meeting of Shareholders Management Proxy Circular LETTER FROM THE CHAIR It gives me great pleasure to look back and reflect on what Triple Flag has accomplished in 2023. Triple Flag's track record of growth and performance in 2023 was highlighted by the closing of the Maverix Metals acquisition followed by the successful integration of that business. Th ...

Triple Flag Precious Metals Corp. (NYSE:TFPM) Q4 2023 Earnings Conference Call February 22, 2024 9:00 AM ET Company Participants Shaun Usmar - CEO Sheldon Vanderkooy - CFO James Dendle - SVP of Corporate Development Conference Call Participants Cosmos Chiu - CIBC Capital Markets Tanya Jakusconek - Scotiabank Operator Ladies and gentlemen, good morning. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Triple Flag Fourth Quarter and Full Y ...

CAUTIONARY STATEMENTS This presentation contains "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to herein as "forward-looking information"). Forwardlooking information may be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "budget", "scheduled", "estima ...

Financial Performance - Revenue for 2023 increased to $204,024 thousand, up 34.4% from $151,885 thousand in 2022[23] - Gross profit for 2023 was $102,076 thousand, representing a 17.3% increase compared to $87,004 thousand in 2022[23] - Net earnings decreased to $36,282 thousand in 2023, down 34.1% from $55,086 thousand in 2022[23] - Operating cash flow for 2023 was $154,138 thousand, an increase of 30.2% from $118,376 thousand in 2022[24] - Total operating expenses for the year ended December 31, 2023, were $24.3 million, an increase of 31% from $18.5 million in 2022[163] - Finance costs, net for the year ended December 31, 2023, were $4.1 million, up from $1.4 million in 2022, reflecting a significant increase in interest expenses[165] - Employee costs, including share-based compensation, rose to $14.5 million in 2023, compared to $11.9 million in 2022, marking a 22% increase[163] - The company's income tax expense for 2023 was $107,000, a significant decrease of 97.8% from $4.8 million in 2022, with current income tax expense at $4.7 million compared to $5.6 million in 2022[186] Assets and Liabilities - Total assets increased to $1,894,464 thousand as of December 31, 2023, up from $1,337,031 thousand in 2022, representing a growth of approximately 42%[21] - Mineral interests rose significantly to $1,773,053 thousand in 2023, compared to $1,228,171 thousand in 2022, marking an increase of about 44.5%[21] - Current liabilities increased to $17,315 thousand in 2023 from $12,586 thousand in 2022, reflecting a rise of approximately 37%[21] - Non-current assets grew to $1,837,426 thousand in 2023, compared to $1,246,424 thousand in 2022, representing an increase of about 47.3%[21] - Total amounts payable and other liabilities rose to $15.7 million in 2023, compared to $11.3 million in 2022, driven by increased accrued liabilities[159] Shareholder Equity - Share capital increased to $1,749,180 thousand in 2023, up from $1,250,194 thousand in 2022, indicating a growth of about 39.9%[21] - The total equity at the end of 2023 was $1,810,741 thousand, up from $1,318,475 thousand at the end of 2022[25] - The company declared and paid dividends totaling $41.3 million in 2023, an increase of 36% from $30.4 million in 2022, with an average dividend per share of $0.0513 compared to $0.0488 in 2022[194] - As of December 31, 2023, the company repurchased 1,485,820 common shares under its NCIB for $20.7 million, significantly higher than $4.1 million for 351,144 shares in 2022[192] Acquisitions and Investments - The company acquired Maverix Metals Inc. on January 19, 2023, which included $588 million of mineral interests[17] - The company acquired mineral interests totaling $190,895 thousand in 2023, compared to $52,280 thousand in 2022[24] - The Company acquired a 1.5% gross revenue royalty on the Johnson Camp Mine for $5.5 million in cash on November 30, 2023[109] - An additional 2.65% net smelter return gold royalty was acquired from Stawell Gold Mines for $16.6 million on September 25, 2023[110] - The Company acquired the 2.5% NSR royalty on the Agbaou gold mine for a total consideration of $15.5 million, with $13.5 million paid in cash[111] - The Company entered into a royalty purchase agreement for a 2.5% NSR royalty on the Thunder Bay North Project for C$15 million[115] - A 0.8% GRR royalty and an $80 million gold and silver stream were acquired from Orion Minerals for the Prieska copper-zinc mine[116] Impairment and Financial Reporting - The company incurred impairment charges of $27,107 thousand in 2023, significantly higher than $3,600 thousand in 2022[23] - The company assesses the carrying value of mineral interests for impairment at the end of each reporting period, considering factors such as future production estimates and commodity prices[43] - Impairment indicators include significant adverse changes to future production and operator reserve estimates, current and forecast commodity prices, and industry trends[44] - The company recognizes impairment losses when the carrying value of exploration stage projects exceeds their recoverable amount[48] - An impairment charge of $20.2 million was recorded due to the Renard mine's financial difficulties, including $11.7 million related to a bridge loan receivable[155] - The Beaufor royalty investment was written down to nil, resulting in an impairment charge of $6.8 million due to the mine's continued suspension of operations[158] Cash Flow and Financing - Cash and cash equivalents decreased to $17,379 thousand in 2023 from $71,098 thousand in 2022, a decline of approximately 75.6%[21] - Total cash and cash equivalents at the end of 2023 were $17,379 thousand, down from $71,098 thousand at the end of 2022[24] - As of December 31, 2023, Triple Flag Precious Metals Corp. has drawn down a total of $57 million from its revolving credit facility, compared to $0 in 2022[162] - The company amended its $500 million credit facility, extending the maturity to August 30, 2026, and increasing the uncommitted accordion to $200 million[124] Stock Options and Compensation - The company’s stock option plan allows employees to purchase shares at an exercise price determined by the Board, with options vesting equally over three years[85] - As of December 31, 2023, the company had 3,957,362 stock options outstanding, with an average exercise price of $13.17[179] - Stock-based compensation expense for options was $3.4 million in 2023, slightly up from $3.3 million in 2022[181] - The company expects to recognize $2.2 million of total unrecognized compensation cost related to stock options over a weighted average period of 0.7 years[182] - For the year ended December 31, 2023, the company awarded 120,065 RSUs, an increase of 73.7% from 69,102 RSUs in 2022, with a stock-based compensation expense of $1.0 million compared to $0.6 million in 2022[183] - The company granted 66,504 DSUs in 2023, a decrease of 8.1% from 72,439 DSUs in 2022, with a total DSU liability of $2.5 million as of December 31, 2023, up from $2.0 million in 2022[184][185] Taxation - Deferred tax assets increased to $26.8 million in 2023 from $12.9 million in 2022, primarily due to non-capital loss carryforwards rising to $19.5 million from $11.9 million[187] - The Company reassesses its deferred income tax assets at the end of each reporting period, which could be reduced if actual results differ significantly from forecasts[103] - Non-capital losses generated in Canada total $41.4 million, with expirations ranging from 2039 to 2042[188]

Triple Flag Precious Metals Corp. (NYSE:TFPM) Q3 2023 Results Conference Call November 8, 2023 10:00 AM ET Company Participants Shaun Usmar - Chief Executive Officer Sheldon Vanderkooy - Chief Financial Officer James Dendle - SVP, Corporate Development Conference Call Participants Lawson Winder - BofA Securities Carrie Maguary - Canaccord Genuity Tanya Jakusconek - Scotiabank Operator Thank you for standing by. My name is Eric, and I will be your conference operator today. At this time, I would like to welc ...

Table of Contents Exhibit 99.1 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This Management's Discussion and Analysis (''MD&A'') is intended to help the reader understand Triple Flag Precious Metals Corp. (''TF Precious Metals''), its operations, financial performance and the present and anticipated future business environment. This MD&A, which has been prepared as of November 7, 2023, should be read in conjunction with the unaudited condensed interim consolidated fi ...

Triple Flag Precious Metals Corp. (NYSE:TFPM) Q2 2023 Results Conference Call August 9, 2023 11:00 AM ET Company Participants Shaun Usmar - Chief Executive Officer Sheldon Vanderkooy - Chief Financial Officer James Dendle - SVP, Corporate Development Eban Bari - VP Finance Conference Call Participants Cosmos Chiu - CIBC Greg Barnes - TD Securities Lawson Winder - Bank of America Operator Ladies and gentlemen, thank you for standing by. My name is Sharer, and I'll be your conference operator today. At this t ...