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TORONTO - Triple Flag Precious Metals Corp. (TSX:TFPM, NYSE: TFPM) announced Thursday the Toronto Stock Exchange has approved the renewal of its normal course issuer bid, allowing the company to repurchase up to 10,328,075 common shares, representing 5% of its outstanding stock. The precious metals streaming company has seen remarkable performance, with its stock price surging 111.79% year-to-date and 97.64% over the past year, according to InvestingPro data.
The share buyback program will run from November 17, 2025, through November 16, 2026. Triple Flag stated that the repurchases can be made through the facilities of the TSX, NYSE, and alternative trading systems.
Daily repurchases on the TSX will be limited to a maximum of 43,278 shares, representing 25% of the average daily trading volume for the six-month period ending October 31, 2025, except where block purchase exceptions apply.
The precious metals streaming and royalty company has also entered into an automatic share purchase plan with its designated broker to allow for purchases during blackout periods when the company would typically be restricted from buying shares.
Under its current buyback program, which expires November 14, 2025, Triple Flag has repurchased 692,600 common shares, with 488,500 of those purchased through the TSX at an average cost of C$23.36 per share, totaling approximately C$11.4 million.
All shares purchased under the program will be canceled, according to the company's statement. Triple Flag noted that while it intends to acquire shares under this program, it is not obligated to make any purchases, and may suspend or discontinue the buyback at any time.
The company currently has 206,561,506 common shares issued and outstanding as of November 3, 2025. Triple Flag's portfolio includes 239 assets, consisting of 16 streams and 223 royalties, primarily located in the Americas and Australia.
The information in this article is based on a press release statement from Triple Flag Precious Metals Corp.
In other recent news, Triple Flag Precious Metals Corp reported impressive third-quarter 2025 financial results. The company surpassed analysts' expectations with an earnings per share of $0.24, compared to the projected $0.21, marking a 14.29% surprise. Additionally, Triple Flag's revenue exceeded forecasts, reaching $93.46 million against an expected $86.82 million, resulting in a 7.65% surprise. These results highlight a strong performance for the quarter. While no mergers or acquisitions were reported, the financial outcomes indicate a positive trajectory for the company. There were no recent analyst upgrades or downgrades to note. Investors may find these developments noteworthy as they reflect the company's ability to outperform market expectations.
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