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Triple Flag Precious Metals Raises Guidance for 2026 Gold Equivalent Ounces; Signs Settlement Deal With Steppe Gold
Triple Flag Precious Metals (TFPM) increased its guidance for 2026 gold equivalent ounces, or GEOs, as its subsidiary signed a settlement agreement with Steppe Gold, the company said Thursday.The company now expects 100,000 to 110,000 GEOs in 2026, versus prior outlook of 95,000 to 105,000 GEOs.Under the settlement agreement, Steppe Gold has delivered to Triple Flag all gold and silver stream obligations in arrears and has delivered all gold prepay ounces in arrears, the company said.The agreement further provides for fixed cumulative deliveries of 34,770 ounces of gold from Steppe Gold over the 10-year period starting in Q3, following which, Triple Flag will be entitled to gold deliveries equal to 1.5% of the prior quarter's gold production from the ATO mine in Mongolia, the company said.Shares of Triple Flag were up 3.6% in Thursday afternoon trading.Price: $27.81, Change: $+0.96, Percent Change: +3.58%
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