Triple Flag CEO Shaun Usmar provides commentary on the gold sector and explains Triple Flag Precious Metals’ approach to growth and creating value for shareholders in this interview. Shaun is an international mining executive with over 25 years of experience working around the globe in operational, financial and executive leadership roles in some of the world’s largest and fastest growing mining companies. Prior to founding Triple Flag, he served as Senior Executive Vice President and Chief Financial Officer of Barrick Gold Corporation, from 2014 to 2016, where he helped restructure the company. He joined Xstrata in 2002 as an early senior executive member of the management team that grew the company into one of the world’s largest diversified miners at the time of its acquisition by Glencore in 2013. His roles at Xstrata included General Manager of Business Development in London, Chief Financial Officer of Xstrata’s global Ferro-Alloys business in South Africa, and Chief Financial Officer of Xstrata’s global Nickel business in Canada. Prior to joining Xstrata, Shaun worked at BHP Billiton in Corporate Finance in London, and started his career in mining in operations in the steel and aluminum industries as a production engineer.
Triple Flag is a growing, gold-focused royalty and streaming company with proven execution capabilities in the most attractive segment of this market. The company focuses on cash-generating mines and construction-ready, fully-permitted projects (with development times of 2 years or less to cash flow) is balanced by prudent investments across earlier stages of the mine life cycle to maintain exposure to a robust collection of development-stage assets and grow free cash flow per share over the long term.
0:00 Introduction
1:20 Gold Thesis
4:53 Gold sector M&A in 2022
6:28 Consolidation needed in gold royalty sector
7:22 Why another gold royalty company?
10:58 How Triple Flag approaches financing a gold mine
14:56 Buying gold production & exploration upside
20:15 How can Triple Flag write such big checks ($100M-$500M)?
23:27 Stock exchange and tickers
https://www.tripleflagpm.com/home/default.aspx
TSX:TFPM ($CAD)
TSX:TFPM.U ($US)
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