Triple Flag Precious Metals Corp. Mining Forum Americas 2026

Yeah. Thanks, Ralph. 2026 has been a fantastic year for us. I'll separate between developments in the portfolio, which has been fantastic, and then what we've managed to deploy into new assets as well. On the portfolio side, we started off by getting just great news flow out of Northparkes. I won't go into detail here, but we're looking at E22 getting approved, the E48 Sublevel Cave progressing, and then probably most importantly, we're seeing an expansion study being undertaken. I think that Northparkes is going to get bigger, and as a streamer, we just benefit from that. We also had an initial reserve announced by AngloGold Ashanti at the Arthur project. That project is coming into much closer view now and is clearly going to be a Tier 1 mine located in Nevada, and a very exciting development for Triple Flag shareholders.

We had Agnico Eagle announce a construction decision at Hope Bay. A fantastic asset there at Hope Bay. Very nice to see that construction decision, and I think we're just getting started there. We just had a first gold pour at Koné. I'll stop there on the portfolio side, but it's been a lot of positive catalysts. On the deployment side, we actually managed to deploy $550 million into new deals, all of that in Australia and the U.S., and that was headlined by our acquisition of the Ravenswood Gold stream. So producing mine located in Australia, exactly the sort of deal flow that our shareholders are looking for.