# Triple Flag Announces Record Q1 2026 Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7 Original source: https://money.tmx.com/en/quote/TFPM/news/6055806102248900/triple-flag-announces-record-q1-2026-results Publisher: tmx Original announcement: 2026-05-05T21:02:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Triple Flag Precious Metals Corp. - Ticker: TFPM - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Silver, Copper, Nickel, Zinc, Cobalt - Document categories: Production, Resource update, Agreement transaction - Extracted: 2026-09-15 02:52:46 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Triple Flag Precious Metals Corp. reported record Q1 2026 results, including record Gold Equivalent Ounces \(GEOs\) and cash flow per share, and maintained its 2026 and 2030 GEOs guidance. The company highlighted strategic agreements, such as funding for the E44 gold deposit at Northparkes and acquiring a royalty on the Gunnison copper project, alongside positive developments across its portfolio, including resource updates and production expansions at various assets. Reasoning: Triple Flag announced record Q1 2026 financial and operational results, maintaining its guidance and highlighting significant progress across its portfolio, including new agreements, project advancements, and resource growth, despite the default of the ATO stream and the step-down of the Cerro Lindo stream. - Positive factor: Record Q1 2026 Results - Positive factor: record GEOs and record cash flow per share - Positive factor: maintained 2026 and 2030 GEOs guidance - Positive factor: agreement with Evolution Mining to unlock the new gold-dominant E44 deposit at Northparkes - Positive factor: potential mill expansion to 10 Mtpa or more at Northparkes - Positive factor: acquisition of a 3.0% GR royalty on the Gunnison copper project - Positive factor: upcoming construction decision by Agnico Eagle at Hope Bay expected later in May 2026 - Positive factor: strong cash flow generation and over $1.1 billion of available liquidity - Positive factor: active deal pipeline - Positive factor: Beta Hunt expansion project to achieve consistent underground mining rates at Beta Hunt of 2 million tonnes per annum - Positive factor: Fosterville annual production expected to further increase to a new steady-state of 160 to 190 thousand ounces in 2028 - Positive factor: Cerro Lindo reserve life extended to 2032 - Positive factor: Buriticá throughput to ramp up to 5,000 tpd in 2028 - Positive factor: discovery of at least four new veins at La Colorada - Positive factor: federal government approval for the mining and processing of the remainder of oxide open pit material at Camino Rojo - Positive factor: Arcata mine re-started - Positive factor: Era Dorada underground gold project in Guatemala approved for development - Positive factor: Queensway open pit operations to production with C$205 million debt and equity financing - Positive factor: South Railroad board approval to start project construction - Positive factor: Eskay Creek permitting process completed and construction reached 49% completion - Positive factor: Koné project earlier production start expected in late 2026 - Positive factor: Prieska copper-zinc project construction of the Uppers Phase in the second half of 2026, with production starting in 2027 - Positive factor: Enchi updated resource estimate more than doubled the previous resource in the Indicated category - Negative factor: ATO stream in default - Negative factor: Cerro Lindo stream step-down from 65% to 25% commenced with silver deliveries starting in late April 2026 Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 56 ## Classification and evidence **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: James Lill, Director, Mining for Triple Flag Precious Metals and a “qualified person” under NI 43-101 has reviewed and approved the written scientific and technical disclosures contained in this press release. Evidence · text > James Lill, Director, Mining for Triple Flag Precious Metals and a “qualified person” under NI 43-101 has reviewed and approved the written scientific and technical disclosures contained in this press release. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The press release states that James Lill, a “qualified person” under NI 43-101, has reviewed and approved the scientific and technical disclosures. Evidence · text > James Lill, Director, Mining for Triple Flag Precious Metals and a “qualified person” under NI 43-101 has reviewed and approved the written scientific and technical disclosures contained in this press release. **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The Koné project highlighted a 3% increase in Measured and Indicated ounces at a 21% higher grade, as well as a 147% increase in Inferred ounces also at a 21% higher grade. Evidence · text > Montage announced an updated resource estimate for the main Koné deposit, which highlighted a 3% increase in Measured and Indicated ounces at a 21% higher grade, as well as a 147% increase in Inferred ounces also at a 21% higher grade. **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: The updated resource estimate for the Enchi open pit gold project more than doubled the previous resource in the Indicated category. Evidence · text > Newcore Gold Ltd. \(“Newcore”\) released an updated resource estimate for its Enchi open pit gold project in Ghana, which more than doubled the previous resource in the Indicated category. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: Several projects, including Northparkes, Cerro Lindo, Buriticá, Young-Davidson, Kensington, Kemess, Koné, and Enchi, report significant portions of their resources in the Inferred category. Evidence · text > Inferred gold resource is 58.75 million tonnes grading 0.16 g/t containing 0.30 million ounces Au **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: All resource updates mentioned in the document refer to estimates with effective dates in 2025 or early 2026, which are historical references within this May 2026 announcement. Evidence · text > On a 100% basis as of December 31, 2025, the Measured and Indicated gold resource \(inclusive of Proved and Probable reserves\) at Northparkes is 575 million tonnes grading 0.19 g/t containing 3.5 million ounces Au **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: While the overall press release has a QP sign-off, the individual resource estimates referenced from other companies do not explicitly state their QP/CP in this document. Evidence · text > i. Refer to Evolution’s press release dated May 1, 2026, “Annual Mineral Resources and Ore Reserves Statement”. **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: All resource estimates provided in the document are references to prior press releases from other companies, not new estimates released by Triple Flag in this document. Evidence · text > i. Refer to Evolution’s press release dated May 1, 2026, “Annual Mineral Resources and Ore Reserves Statement”. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides updates on several existing resource estimates for various projects. Evidence · text > Nexa announced updated reserves and resources for Cerro Lindo **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The Gunnison copper project, Kemess project, and Converse project all mention preliminary economic assessments \(PEA\) or studies to support them. Evidence · text > an updated preliminary economic assessment \(“PEA”\) was released for the Gunnison copper project **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: Northparkes, Fenn-Gib, Arthur, and Kemess projects mention pre-feasibility studies \(PFS\) or studies to support them. Evidence · text > The pre-feasibility study on the potential 10.0 Mtpa mill expansion at Northparkes is on track for completion ## Extracted facts Stored fact records: 20. Some facts used in scoring do not have a stored record. ## Resource Estimates (20) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-36) Northparkes · gold Historical result Needs review: historical\_restatement #### Identity - Project: Northparkes - Commodity: gold - Region: australia - Reported Region: Australia - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:1825eedc0c028fb2a3bc #### Resource Data - Category: indicated - Tonnes: 575000000 - Grade: 0.19 - Grade Unit: g/t - Contained Metal: 3.5 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-01T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Northparkes Measured and Indicated gold resource provides a substantial base, though it is a historical reference in this document. - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Measured and Indicated gold resource \(inclusive of Proved and Probable reserves\) at Northparkes is 575 million tonnes grading 0.19 g/t containing 3.5 million ounces Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-37) Northparkes · gold Historical result Needs review: historical\_restatement #### Identity - Project: Northparkes - Commodity: gold - Region: australia - Reported Region: Australia - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:2bcd8ae71535c9dcdca4 #### Resource Data - Category: inferred - Tonnes: 58750000 - Grade: 0.16 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-01T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Inferred gold resource at Northparkes adds to the overall potential but has lower geological confidence and is a historical reference. - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Inferred gold resource is 58.75 million tonnes grading 0.16 g/t containing 0.30 million ounces Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-38) Cerro Lindo · silver Historical result Needs review: historical\_restatement #### Identity - Project: Cerro Lindo - Commodity: silver - Region: latin america - Reported Region: Latin America - Ticker: TFPM #### Resource scope - Estimate type: reserve - Resource group id: resource:6662fbdd9ad26e74e1de #### Resource Data - Category: probable - Tonnes: 39670000 - Grade: 21.2 - Grade Unit: g/t - Contained Metal: 27040 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-26T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Proven and Probable silver reserves at Cerro Lindo indicate a solid economic base, though this is a historical reference. - Positive factor: Proven Reserve - Positive factor: Probable Reserve - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Proven and Probable silver reserves of 39.67 Mt at 21.2 g/t totaling 27,040 koz Ag #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-39) Cerro Lindo · silver Historical result Needs review: historical\_restatement #### Identity - Project: Cerro Lindo - Commodity: silver - Region: latin america - Reported Region: Latin America - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:4029862cb3ad902b7746 #### Resource Data - Category: indicated - Tonnes: 5160000 - Grade: 23.8 - Grade Unit: g/t - Contained Metal: 3951 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-26T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Measured and Indicated silver resources at Cerro Lindo add to the project's potential, but are a historical reference. - Positive factor: Indicated Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Current Measured and Indicated silver resources are 5.16 Mt at 23.8 g/t totaling 3,951 koz Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-40) Cerro Lindo · silver Historical result Needs review: historical\_restatement #### Identity - Project: Cerro Lindo - Commodity: silver - Region: latin america - Reported Region: Latin America - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:26c376ec752b9b692e80 #### Resource Data - Category: inferred - Tonnes: 8600000 - Grade: 25.3 - Grade Unit: g/t - Contained Metal: 6997 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-26T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Inferred silver resources at Cerro Lindo provide additional potential but with lower confidence and are a historical reference. - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Inferred silver resources are 8.60 Mt at 25.3 g/t totaling 6,997 koz Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-41) Buriticá · gold Historical result Needs review: historical\_restatement #### Identity - Project: Buriticá - Commodity: gold - Region: latin america - Reported Region: Latin America - Ticker: TFPM #### Resource scope - Estimate type: reserve - Resource group id: resource:270ca6c810692abc4465 #### Resource Data - Category: probable - Tonnes: 22400000 - Grade: 6.78 - Grade Unit: g/t - Contained Metal: 4880 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-19T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Proven and Probable gold reserves at Buriticá are a strong asset, though this is a historical reference. - Positive factor: Proven Reserve - Positive factor: Probable Reserve - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Proven and Probable gold reserves at Buriticá totaled 22.4 Mt grading 6.78 g/t containing 4,880 koz Au #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-42) Buriticá · gold Historical result Needs review: historical\_restatement #### Identity - Project: Buriticá - Commodity: gold - Region: latin america - Reported Region: Latin America - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:8747c75b22c617f83658 #### Resource Data - Category: indicated - Tonnes: 29000000 - Grade: 7.2 - Grade Unit: g/t - Contained Metal: 6700 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-19T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Measured and Indicated gold resources at Buriticá add to the project's potential, but are a historical reference. - Positive factor: Indicated Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Current Measured and Indicated gold resources at Buriticá totaled 29.0 Mt grading 7.2 g/t containing 6,700 koz Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-43) Buriticá · gold Historical result Needs review: historical\_restatement #### Identity - Project: Buriticá - Commodity: gold - Region: latin america - Reported Region: Latin America - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:61fb454113ff4c801c67 #### Resource Data - Category: inferred - Tonnes: 21000000 - Grade: 7.1 - Grade Unit: g/t - Contained Metal: 4800 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-19T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Inferred gold resources at Buriticá provide additional potential but with lower confidence and are a historical reference. - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Inferred gold resources of 21.0 Mt grading 7.1 g/t totaling 4,800 koz Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-44) Young-Davidson · gold Historical result Needs review: historical\_restatement #### Identity - Project: Young-Davidson - Commodity: gold - Region: north america - Reported Region: North America - Ticker: TFPM #### Resource scope - Estimate type: reserve - Resource group id: resource:bbd7c4c5793a30ba3389 #### Resource Data - Category: probable - Tonnes: 42180000 - Grade: 2.2 - Grade Unit: g/t - Contained Metal: 2983 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-02-17T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Proven and Probable gold reserves at Young-Davidson are a strong asset, though this is a historical reference. - Positive factor: Proven Reserve - Positive factor: Probable Reserve - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Proven and Probable gold reserves of 42.18 Mt at 2.20 g/t totaling 2,983 koz Au #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-45) Young-Davidson · gold Historical result Needs review: historical\_restatement #### Identity - Project: Young-Davidson - Commodity: gold - Region: north america - Reported Region: North America - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:5e3ec58ad834886ba39f #### Resource Data - Category: indicated - Tonnes: 14700000 - Grade: 3.15 - Grade Unit: g/t - Contained Metal: 1489 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-02-17T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Measured and Indicated gold resources at Young-Davidson add to the project's potential, but are a historical reference. - Positive factor: Indicated Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Current Measured and Indicated gold resources are 14.7 Mt at 3.15 g/t totaling 1,489 koz Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-46) Young-Davidson · gold Historical result Needs review: historical\_restatement #### Identity - Project: Young-Davidson - Commodity: gold - Region: north america - Reported Region: North America - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:2d52f6fab042cf55cf32 #### Resource Data - Category: inferred - Tonnes: 1410000 - Grade: 3.67 - Grade Unit: g/t - Contained Metal: 167 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-02-17T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Inferred gold resources at Young-Davidson provide additional potential but with lower confidence and are a historical reference. - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Inferred gold resources are 1.41 Mt at 3.67 g/t totaling 167 koz Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-47) Kensington · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kensington - Commodity: gold - Region: north america - Reported Region: North America - Ticker: TFPM #### Resource scope - Estimate type: reserve - Resource group id: resource:f2927f2287714b4b2369 #### Resource Data - Category: probable - Tonnes: 2836000 - Grade: 5.99 - Grade Unit: g/t - Contained Metal: 546 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-02-17T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Proven and Probable gold reserves at Kensington are a strong asset, though this is a historical reference. - Positive factor: Proven Reserve - Positive factor: Probable Reserve - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Proven and Probable gold reserves totaled 2,836 kt at 5.99 g/t containing 546 koz Au #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-48) Kensington · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kensington - Commodity: gold - Region: north america - Reported Region: North America - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:0cfb9a6240c1790d5d76 #### Resource Data - Category: indicated - Tonnes: 1788000 - Grade: 7.52 - Grade Unit: g/t - Contained Metal: 433 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-02-17T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Measured and Indicated gold resources at Kensington add to the project's potential, but are a historical reference. - Positive factor: Indicated Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Measured and Indicated gold resources totaled 1,788 kt at 7.52 g/t containing 433 koz Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-49) Kensington · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kensington - Commodity: gold - Region: north america - Reported Region: North America - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:3f94cf4ea34578a7ca55 #### Resource Data - Category: inferred - Tonnes: 452000 - Grade: 6.6 - Grade Unit: g/t - Contained Metal: 96 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-02-17T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Inferred gold resources at Kensington provide additional potential but with lower confidence and are a historical reference. - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Inferred gold resources totaled 452 kt at 6.60 g/t containing 96 koz Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-50) Kemess · silver Historical result Needs review: historical\_restatement #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:1e970c020b43a1e9ef36 #### Resource Data - Category: indicated - Tonnes: 244431000 - Grade: 1.37 - Grade Unit: g/t - Contained Metal: 10780 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-19T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Indicated silver resources at Kemess are a significant asset, though this is a historical reference. - Positive factor: Indicated Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Indicated silver resources at Kemess are 244,431 thousand tonnes grading 1.37 g/t containing 10,780 koz Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-51) Kemess · silver Historical result Needs review: historical\_restatement #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:3b528aeb710f19710359 #### Resource Data - Category: inferred - Tonnes: 299593000 - Grade: 1.26 - Grade Unit: g/t - Contained Metal: 12146 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-19T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Inferred silver resources at Kemess provide additional potential but with lower confidence and are a historical reference. - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Inferred silver resources at Kemess are 299,593 thousand tonnes grading 1.26 g/t containing 12,146 koz Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-52) Koné · gold Historical result Needs review: historical\_restatement #### Identity - Project: Koné - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:ef0eba4a9ad72c29a67e #### Resource Data - Category: indicated - Tonnes: 209000000 - Grade: 0.69 - Grade Unit: g/t - Contained Metal: 4.63 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-03-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-30T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The updated Measured and Indicated gold resources at Koné show a significant increase in ounces and grade, though this is a historical reference. - Positive factor: Category Upgrade - Positive factor: Contained Metal Growth - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Measured and Indicated gold resources at the Koné deposit now total 209 Mt at 0.69 g/t containing 4.63 million ounces of gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-53) Koné · gold Historical result Needs review: historical\_restatement #### Identity - Project: Koné - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:7868072ec78566c8ebb5 #### Resource Data - Category: inferred - Tonnes: 75000000 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 1.26 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-03-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-30T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The updated Inferred gold resources at Koné show a substantial increase in ounces and grade, though this is a historical reference. - Positive factor: Category Upgrade - Positive factor: Contained Metal Growth - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Inferred gold resources of 75 Mt at 0.52 g/t containing 1.26 million ounces of gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-54) Enchi · gold Historical result Needs review: historical\_restatement #### Identity - Project: Enchi - Commodity: gold - Region: ghana - Reported Region: Ghana - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:28740afd0c6b3b6f1e9a #### Resource Data - Category: indicated - Tonnes: 83600000 - Grade: 0.56 - Grade Unit: g/t - Contained Metal: 1.5 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-03-18 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-18T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The updated Measured and Indicated gold resources at Enchi more than doubled, indicating significant growth, though this is a historical reference. - Positive factor: Tonnage Growth - Positive factor: Category Upgrade - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Measured and Indicated gold resources now total 83.6 Mt grading 0.56 g/t containing 1.5 million ounces Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-q1-2026-results--a2c3e023-3b0c-465b-8c84-91671565a1e7#fact-resource-facts-55) Enchi · gold Historical result Needs review: historical\_restatement #### Identity - Project: Enchi - Commodity: gold - Region: ghana - Reported Region: Ghana - Ticker: TFPM #### Resource scope - Estimate type: resource - Resource group id: resource:9c4396b9e897697666da #### Resource Data - Category: inferred - Tonnes: 40100000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 626 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-03-18 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-18T00:00:00.000Z #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: The Inferred gold resources at Enchi show significant growth, providing additional potential, though this is a historical reference. - Positive factor: Tonnage Growth - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: No QP/CP Disclosure Evidence · text > Inferred gold resources of 40.1 Mt grading 0.49 g/t containing 626 thousand ounces Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.