Triple Flag Precious Metals Misses Expectations in Q3 2026
As seen on the 24/7 Wall St. homepage on November 3, 2026.
Five straight quarters of beating estimates ended here, with revenue missing expectations by 28.62% as the Cerro Lindo silver stream stepped down from 65% to 25% and Northparkes deliveries thinned on mine sequencing. Record gold and silver pricing could not offset the $15.9 million volume hit, and management notes gold has since slipped back below $4,000.
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Triple Flag Precious Metals reported Q3 2026 revenue of $76.2 million, missing expectations. That ended a five-quarter streak of beating analyst expectations on both the top and bottom lines.
Two specific operational shifts drove the shortfall. The Cerro Lindo silver stream stepped down contractually from a 65% delivery rate to 25% in April, and Northparkes deliveries thinned because of mine sequencing. Together, those lower volumes cost the company $15.9 million in revenue that stronger metal prices could not replace.
Stronger gold and silver prices added revenue in the quarter, but the volume hit from Cerro Lindo and Northparkes more than wiped out those gains. Management flagged that gold has since slipped back below $4,000 per ounce after quarter end.
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Triple Flag reported adjusted EPS of $0.1858, missing expectations. That marks a sharp step down from the prior two quarters of 2026.
Management reiterated full-year 2026 GEO guidance of 100,000 to 110,000 units and said the company is on track to finish between the midpoint and the high end of that range. Funding for the Northparkes E44 deposit and a maiden ore reserve at the Beta Hunt Fletcher Zone signal continued portfolio development.
Mentioned: TFPM