Union files complaint against Orla Mining, alleging violation of worker rights in Mexico
The complaint is only the second of its kind made from Canada using CUSMA’s RRM process since the trade deal came into force in 2020.
Royalty and streamer Triple Flag Precious Metals (TSX: TFPM, TSX: TFPM.U) has reported record quarterly metal sales and financial results in its inaugural financial report.
The company reported record metal sales of 22,537 gold-equivalent ounces, up 40% over the comparable period of 2020.
The Triple Flag board declared its first dividend of $0.0475 per share, or a yield of about 1.7%
Net earnings came in at $18.3 million, double that compared with a year ago.
Revenue and cash flow were each up about 50% to $40.9 million and $32.8 million, respectively.
The board declared its first dividend of $0.0475 per share, or a yield of about 1.7%.
The company has provided 2021 production guidance of 83,000 to 87,000 gold-equivalent ounces. Output is expected about 105,000 oz per year over the next five years, with the substantial portfolio of growth assets expected to support that level of production for the next decade.
Triple Flag recently completed an initial public offering that raised $250 million from the sale of 19.23 million shares at an offering price of $13 per share. That does not include additional proceeds from the shares sold by the IPO underwriters, who were granted an over-allotment option to sell an additional 2.9 million shares at $13 per share.
If the over-allotment option had been exercised in full, it would have generated additional proceeds of $37.5 million. However, the underwriters chose to purchase 1.06 million shares to cover over-allotment options.
The company has 75 assets, including nine streams and 66 royalties. These investments are tied to mining assets at various stages of the mining cycle, including 15 producing mines and 60 development and exploration-stage projects.
Shares last traded up 1.18% on Wednesday afternoon at C$13.70 each, capitalizing the company at C$2.14 billion ($1.71bn).
