Triple Flag Precious Metals (TFPM) 40-F 30 Mar 23 2022 FY Annual report (Canada) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2022 shares
Document Information [Line Items]
Document Type	40-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Entity File Number	001-41484
Entity Registrant Name	Triple Flag Precious Metals Corp
Entity Incorporation, State or Country Code	Z4
Entity Primary SIC Number	6795
Entity Tax Identification Number	98-1712746
Entity Address State Or Province	ON
Entity Address, Address Line One	TD Canada Trust Tower
Entity Address, Adress Line Two	161 Bay Street
Entity Address, Address Line Three	Suite 4535
Entity Address, City or Town	Toronto
Entity Address, Postal Zip Code	M5J 2S1
City Area Code	416
Local Phone Number	304-9741
Title of 12(b) Security	Common Shares, no par value
Trading Symbol	TFPM
Security Exchange Name	NYSE
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding	155,685,593
Entity Central Index Key	0001829726
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Toronto, Ontario, Canada
Auditor Firm ID	271
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Triple Flag USA Royalties Ltd.
Entity Address State Or Province	NY
Entity Address, Address Line One	1114 Avenue of the Americas
Entity Address, Adress Line Two	23rd Floor
Entity Address, City or Town	New York
Entity Address, Postal Zip Code	10036
City Area Code	212
Local Phone Number	880-6000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 71,098	$ 40,672
Amounts receivable and prepayments	9,603	7,024
Other financial assets	9,906	13,672
Loans receivable		9,688
Inventory		1,372
Current assets	90,607	72,428
Mineral interests	1,228,171	1,225,233
Loans receivable	11,096
Other assets	4,547	3,151
Deferred income tax	2,610	2,597
Non-current assets	1,246,424	1,230,981
TOTAL ASSETS	1,337,031	1,303,409
Liabilities
Amounts payable and other liabilities	11,320	3,866
Lease obligation - current	277	270
Income tax payable	989	334
Current liabilities	12,586	4,470
Lease obligation - non current	1,640	857
Deferred income tax	1,485	2,434
Other non-current liabilities	2,841	1,026
Non-current liabilities	5,966	4,317
Shareholders' equity
Share capital	1,250,194	1,253,013
Retained earnings	63,670	40,298
Other	4,615	1,311
Shareholders' equity	1,318,479	1,294,622
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,337,031	$ 1,303,409

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statements of Income
Revenue	$ 151,885	$ 150,421
Cost of sales
Cost of sales excluding depletion	14,796	13,496
Depletion	50,085	53,672
Gross profit	87,004	83,253
General administration costs	15,516	12,213
Business development costs	2,976	771
Impairment charges	3,600
Sustainability initiatives	805	855
IPO readiness costs		670
Operating income	64,107	68,744
Gain on disposition of mineral interests	2,099
Decrease in fair value of other financial assets	(4,066)	(10,786)
Finance costs, net	(1,413)	(5,673)
Other expense	(500)
Loss on derivatives		(297)
Foreign currency translation loss	(352)	(25)
Other (expenses) income	(4,232)	(16,781)
Earnings before income taxes	59,875	51,963
Income tax expense	(4,789)	(6,436)
Net earnings	$ 55,086	$ 45,527
Earnings per share - Basic	$ 0.35	$ 0.31
Earnings per share - Diluted	$ 0.35	$ 0.31

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statements of Comprehensive Income
Net earnings	$ 55,086	$ 45,527
Items that may be reclassified subsequently to profit or loss:
Unrealized gain (loss) on derivative designated as cash flow hedge		34
Unrealized tax (expense) recovery on derivative designated as cash flow hedge		(9)
Realized loss on derivative designated as cash flow hedge		297
Realized tax (recovery) on derivative designated as cash flow hedge		(79)
Total other comprehensive income		243
Total comprehensive income	$ 55,086	$ 45,770

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net earnings	$ 55,086	$ 45,527
Adjustments for the following items:
Depletion of mineral interests	50,085	53,672
Non-cash cost of sales related to prepaid gold interest	836
Amortization	374	399
Impairment charges	3,600
Gain on disposition of mineral interests	(2,099)
Decrease in fair value of other financial assets	4,066	10,786
Stock option expense	3,304	1,311
Income tax expense	4,789	6,436
Finance and other costs	3,766	6,412
Operating cash flow before working capital and taxes	123,807	124,543
Income taxes paid	(5,031)	(5,303)
Change in working capital	(400)	775
Operating cash flow	118,376	120,015
Investing activities
Acquisition of mineral interests	(52,280)	(51,263)
Proceeds on disposition of mineral interests	4,500
Proceeds on sale of investments	6,258	3,440
Acquisition of investments	(2,594)	(322)
Acquisition of prepaid gold interest	(4,800)
Net cash used in investing activities	(48,916)	(48,145)
Financing activities
Proceeds from long-term debt		44,000
Repayments of long-term debt		(319,000)
Proceeds from share issuance		245,115
Normal course issuer bid purchase of common shares	(4,127)	(1,679)
Dividends paid	(30,406)	(14,838)
Repayments and interest on lease obligation	(359)	(339)
Payments of interest and other financing fees	(2,014)	(5,094)
Debt issue costs and other	(1,844)
Net cash used in financing activities	(38,750)	(51,835)
Effect of exchange rate changes on cash and cash equivalents	(284)
Increase in cash and cash equivalents during the period	30,426	20,035
Cash and cash equivalents at beginning of the period	40,672	20,637
Cash and cash equivalents at end of the period	$ 71,098	$ 40,672

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Share Capital	Retained Earnings (deficit)	Accumulated Other Comprehensive Income (Loss)	Other	Total
Balance at beginning at Dec. 31, 2020	$ 1,009,151	$ 10,035	$ (243)		$ 1,018,943
Balance at beginning (in shares) at Dec. 31, 2020	135,903,392
Issuance of shares	$ 245,115				245,115
Issuance of shares (in shares)	20,289,323
Normal course issuer bid purchase of common shares	$ (1,253)	(426)			(1,679)
Normal course issuer bid purchase of common shares (in shares)	(155,978)
Stock-based compensation				$ 1,311	1,311
Net earnings		45,527			45,527
Dividends		(14,838)			(14,838)
Other comprehensive income			$ 243		243
Balance at ending at Dec. 31, 2021	$ 1,253,013	40,298		1,311	1,294,622
Balance at ending (in shares) at Dec. 31, 2021	156,036,737
Normal course issuer bid purchase of common shares	$ (2,819)	(1,308)			(4,127)
Normal course issuer bid purchase of common shares (in shares)	(351,144)
Stock-based compensation				3,304	3,304
Net earnings		55,086			55,086
Dividends		(30,406)			(30,406)
Balance at ending at Dec. 31, 2022	$ 1,250,194	$ 63,670		$ 4,615	$ 1,318,479
Balance at ending (in shares) at Dec. 31, 2022	155,685,593				155,685,593

Nature of operations

Nature of operations	12 Months Ended
	Dec. 31, 2022
Nature of operations
Nature of operations	1. Nature of operations Triple Flag Precious Metals Corp. (“ TF Precious Metals Canada Business Corporations Act The consolidated financial statements of TF Precious Metals for the years ended December 31, 2022 and 2021 comprise TF Precious Metals and its wholly owned subsidiaries (together, the “ Company Triple Flag The Company is a gold-focused streaming and royalty company. The revenues are generated from a diversified portfolio of properties in Australia, Canada, Colombia, Mongolia, Peru, South Africa and the United States.

Basis of presentation

Basis of presentation	12 Months Ended
	Dec. 31, 2022
Basis of presentation
Basis of presentation	2. Basis of presentation These consolidated financial statements of TF Precious Metals and its subsidiaries have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“ IFRS

Summary of significant accounti

Summary of significant accounting policies	12 Months Ended
	Dec. 31, 2022
Summary of significant accounting policies
Summary of significant accounting policies	3. Summary of significant accounting policies The significant accounting policies summarized below have been applied consistently to all periods presented in these consolidated financial statements. a. Consolidation principles The consolidated financial statements incorporate the financial statements of TF Precious Metals and its wholly owned subsidiaries: Triple Flag International Ltd. (“ TF International Subsidiaries are fully consolidated from the date on which the Company acquires control. Control is defined as an investor’s power over an investee with exposure, or rights, to variable returns from the investee and the ability to affect the investor’s returns through its power over the investee. Subsidiaries are included in the consolidated financial results of the Company from the effective date of acquisition up to the effective date of disposition or loss of control. The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. Balances, transactions, revenues and expenses between the parent and its subsidiaries are eliminated on consolidation. The principal subsidiaries of the Company and their geographic locations at December 31, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ Entity Location Ownership Triple Flag International Ltd. Bermuda 100 % TF R&S Canada Ltd. Canada 100 % TF Australia Holdings Ltd. Canada 100 % Triple Flag USA Royalties Ltd. United States 100 % ​ b. Foreign currency The presentation and functional currency of the Company is the United States dollar (“ USD ● revenues are based on commodities that are actively traded and denominated in USD; ● the cash component of cost of sales is linked to commodity prices that are denominated in USD; ● the capital management strategy is aimed at keeping most of the Company’s cash balances in USD; ● capital is raised in USD; and ● investments are made predominantly in USD. Foreign currency transactions are translated into the entity’s functional currency using the exchange rate prevailing on the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the consolidated statements of income and comprehensive income. Non-monetary assets and liabilities arising from transactions denominated in foreign currencies are translated at the historical exchange rates prevailing at each transaction date. c. Cash and cash equivalents Cash and cash equivalents include cash on hand and short-term deposits with original maturities of 90 days or less that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. d. Inventory Precious metals delivered under a precious metal purchase and sale agreement and related interests are recorded as inventory on the date of delivery. The amount recognized as inventory comprises the ongoing cash payments made by the Company pursuant to the agreement, capitalized depletion associated with the respective metal delivered, as well as the fair value of metal delivered under the prepaid gold interest. Inventory is valued at the lower of cost and net realizable value and cost is determined on the first-in first-out basis. e. Mineral interests General Mineral interests represent stream agreements for which settlement is called for in the delivery of a percentage of production of precious metal from a mine and royalty agreements. The major categories of the Company’s interests are producing mines and development or exploration projects. Producing assets are those that generate revenue from operations for the Company or are expected to generate revenue within the next year. Development stage projects are those that are not yet producing, but where, in management’s view, the technical feasibility and commercial viability of extracting Mineral Resources are identifiable. Exploration stage assets represent interests on projects where the technical feasibility and commercial viability of extracting Mineral Resources are not demonstrable. Mineral interests for producing and development stage assets are recorded at cost and capitalized as tangible assets with finite lives in accordance with IAS 16, Property, Plant and Equipment Exploration for and Evaluation of Mineral Resources IFRS 6 The cost of the mineral interest comprises the purchase price and any costs directly attributable to acquiring the interest. In the event that an acquisition contains more than one commodity, the fair value of an allocation to each commodity is based on the discounted expected and modeled relative cash flows from each commodity in the stream arrangement over the life of the streams. The acquisition costs of recoverable resources which comprise Mineral Reserves and Mineral Resources, whereby Mineral Resources are expected to be converted to Mineral Reserves based on judgment and historical conversion rates achieved by the mine operator (‘‘ converted resources The Company uses the following criteria in its assessment of technical feasibility and commercial viability: ● Geology and Mineral Resources: assessment of the location, quantity, grade or quality, continuity and other geological characteristics of a mineral deposit, the basis of estimates and interpretations from specific geological evidence and knowledge, including sampling. ● Mineral Reserves: consideration of all relevant modifying factors pertinent to Mineral Resources to determine Mineral Reserves; these include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors. ● Technical studies: the status and extent of technical studies, specifically feasibility, preliminary feasibility and preliminary economic assessments, within the context of the foregoing. On acquisition of a mineral interest, an allocation of its fair value is attributed to the exploration potential of the mineral interest. The value associated with exploration potential is the value beyond proven and probable reserves and converted resources at acquisition, and is classified as non-depletable until such time as it is transferred to the depletable category. Updated Mineral Resources and Mineral Reserves information obtained from the operators of the properties is used to assess the amount to be converted from non-depletable interest to depletable interest. If the cost of a mineral interest includes any contingent consideration, the contingent consideration is measured at fair value on the date of the acquisition and included in the cost of the mineral interest. Subsequent changes in fair value of the contingent consideration are recorded against the cost of the mineral interest acquired. Depletion Mineral interests in producing mines are depleted based on deliveries of precious metal under the stream agreement or payment of royalties under royalty agreements over the Company’s attributable share of total estimated recoverable resources to be produced at the mine. The life of the mineral properties is estimated using life of mine (“ LOM Depletion for development and exploration stage projects does not begin until revenue generating activities begin. Impairment Management assesses at the end of each reporting period whether there are any indicators that the carrying value of mineral interests may not be recoverable or that an impairment loss previously recognized should be reversed or partially reversed (together, impairment indicators). If impairment indicators exist, management shall estimate the recoverable amount of the asset. Management applies significant judgment in assessing whether impairment indicators exist. These include, among others, significant adverse changes to: (i) cost considerations, (ii) current and forecasted commodity prices, (iii) industry or economic trends, and (iv) relevant operators’ information. The carrying values of mineral interests are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. Management considers each precious metal purchase and sale agreement or royalty agreement to be a separate cash generating unit (“ CGU Impairment of Assets Where impairment indicators are identified, an asset’s carrying amount is written down to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. The recoverable amount of the asset is the greater of its fair value less cost of disposal (“ FVLCD VIU An impairment charge is reversed if there is an indication that an impairment charge recognized in prior periods may no longer exist or may have decreased since the impairment charge was recognized. Impairment charges can be reversed only to the extent that the recoverable amount exceeds the carrying amount that would have been determined had no impairment been recognized previously. Exploration stage projects are assessed for impairment whenever indicators of impairment exist in accordance with IFRS 6. An impairment loss is recognized when the asset’s carrying value exceeds its recoverable amount, which is the higher of FVLCD and VIU. When exploration stage projects are reclassified to either development stage or producing stage, the project is tested for impairment. Any resulting impairment charge is recognized in the consolidated statements of income and comprehensive income. f. Property and equipment Property and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of an asset. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefit associated with the item will flow to the Company and the cost can be measured reliably. The carrying amount of a replaced asset is derecognized when replaced. Depreciation is calculated to amortize the cost of the property and equipment less their residual values over their estimated useful lives using the straight-line method and over the following periods by major categories: ​ ​ ​ Leasehold improvements Lease term Furniture and office equipment ​ 3 – 5 years ​ Right-of-use asset ​ Lease term ​ ​ Residual values, method of depreciation and useful lives of the assets are reviewed annually and adjusted if appropriate. Gains and losses on disposals of property and equipment are determined by comparing the proceeds with the carrying amount of the asset, and are included as part of other gains (losses) in the consolidated statements of income and comprehensive income. g. Intangibles Intangibles comprise the initial software and configuration cost of the Company’s enterprise resource planning system. Definite-lived intangible assets acquired separately are initially recognized at cost. The cost of assets acquired separately includes directly attributable costs to bring the asset to its intended use. Subsequent to initial recognition, the intangible asset is carried at cost less accumulated amortization and accumulated impairment losses. The amortization of computer software is recorded on a straight-line basis over an estimated useful life of five years. h. Borrowing costs General and specific borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are capitalized during the period of time that is required to complete and prepare the asset for its intended use or sale. Qualifying assets are assets that necessarily take a substantial period of time to prepare for their intended use or sale. As of December 31, 2022 and 2021, the Company has not identified any qualifying assets. Other borrowing costs are expensed in the period in which they are incurred. i. Income taxes Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in the consolidated statements of income and comprehensive income except to the extent that they relate to a business combination, or items recognized directly in equity. Current tax is the expected tax payable or receivable on the taxable income or loss for the period, using tax rates enacted or substantively enacted at the reporting date. Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for: ● temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; and ● temporary differences related to investments in subsidiaries, associates and jointly controlled entities to the extent that the Company is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and tax assets, and they relate to taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. j. Revenue from contracts with customers Revenue comprises revenues from the sale of commodities received and revenues directly earned from royalty, stream and other related interests. Revenue is measured at the fair value of the consideration received or receivable for the sale of precious metals and/or receipt of mineral royalties in the ordinary course of the Company’s activities. For streaming interests, gold, silver and diamonds acquired from the mine operator under stream arrangements are sold by the Company to external customers through a third-party broker. The Company recognizes revenue from these sales when control over the commodity transfers to the customer. The Company transfers control over the commodity on the date the commodity is delivered to the customer’s account, which is the date that title to the commodity and the risks and rewards of ownership transfer to the customer and the customer is able to direct the use of and obtain substantially all of the benefits from the commodity. The transaction price for these sales is fixed at the delivery date based on the spot price for the commodity, and payment of the transaction price is generally due immediately when control has been transferred. For royalty interests, commodities are either sold by the mine operator to its customers under contracts that are established for the mining property on which the royalty interest is held, or revenue is generated through other related royalty interests. The Company recognizes revenue from these sales when control over the commodity transfers from the mine operator to its customer. The transfer of control occurs when the mine operator delivers the commodity to the customer, and at that point, the risk and rewards of ownership transfer to the customer and the Company has an unconditional right to payment under the royalty agreement. Revenue from the royalty arrangement is measured at the transaction price agreed in the royalty arrangement with the operator of each mining property. The transaction price is the percentage of gross revenues associated with the commodity sold less contractually allowable costs, if any, per the terms of the royalty arrangement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of revenue and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known. k. Cost of sales excluding depletion Cost of sales excluding depletion is recorded at the price paid to the operator under the relevant purchase agreement, as well as at the fair value of inventory delivered under the prepaid gold interest. l. Financial instruments Initial recognition and measurement Financial assets and financial liabilities are recognized on the Company’s consolidated balance sheets when the Company has become a party to the contractual provisions of the instrument. Financial instruments are recognized initially at fair value. After initial recognition, non-derivative financial instruments are classified and measured as described below. Transaction costs associated with financial instruments are amortized over the term of the instrument. Classification and subsequent measurement Financial assets On initial recognition, a financial asset is classified as measured at: amortized cost; fair value through other comprehensive income (“ FVOCI FVTPL Financial assets are not reclassified subsequent to their initial recognition, except if and in the period the Company changes its business model for managing financial assets. a) Debt instrument A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as FVTPL: ● the asset is held within a business model whose objective is to hold assets to collect contractual cash flows; and ● the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Interest income, foreign currency translation gains and losses and impairment are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. Financial assets measured at amortized cost include cash and cash equivalents, amounts receivable (excluding sales taxes and prepayments) and notes receivable (included in other assets). Receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. They are all due for settlement within 45 days and are therefore classified as current. Amounts receivable are recognized initially at the amount of consideration that is unconditional, unless they contain significant financing components, in which case they are recognized at fair value. The Company holds the receivables with the objective of collecting the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest method. Financial assets that are held for collection of contractual cash flows (where the contractual cash flows represent solely payments of principal and interest) and for sale, are measured at FVOCI. Financial assets that do not meet the criteria for amortized cost or FVOCI are measured at FVTPL. b) The Company purchases certain estimated amounts of gold by providing an initial deposit that is recorded as a prepaid gold interest. The prepaid gold interest meets the definition of a financial asset in accordance with financial instrument standards and is classified as FVTPL. The prepaid gold interest is measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of net income. Prepaid gold deliveries are recorded in inventory at the fair value of the gold on the delivery date. At the time such gold inventory is sold, the amounts recognized in inventory are recorded as cost of sales. c) Equity instrument The Company measures all equity instruments at FVTPL. Changes in the fair value of financial assets at FVTPL are recognized in “Increase (decrease) in fair value of investments” in the statements of income and comprehensive income. Equity instruments include equity investment and warrants. Financial liabilities On initial recognition, a financial liability is classified as measured at amortized cost or FVTPL. Financial liabilities are not reclassified subsequent to their initial recognition, except if and in the period the Company changes its business model for managing financial liabilities. Amounts payable and other liabilities, lease obligation and long-term debt are accounted for at amortized cost. Impairment The Company recognizes loss allowances for expected credit losses (“ ECLs The Company applies the simplified approach permitted by IFRS 9 , Financial Instruments IFRS 9 Receivables are written off where there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, among others, the failure of a debtor to engage in a repayment plan with the group, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on receivables are presented as net impairment losses within operating income. Subsequent recoveries of amounts previously written off are credited against the same line item. Derecognition Financial assets The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. Financial liabilities The Company derecognizes a financial liability when its contractual obligations are discharged, canceled or expire. The Company also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different. In this case, a new financial liability based on the modified terms is recognized at fair value. The difference between the carrying amount of the financial liability extinguished and the new financial liability with modified terms is recognized in profit or loss. m. Derivative instruments and hedge accounting Derivative instruments are recorded at fair value on the balance sheet, classified based on contractual maturity. Derivative instruments are classified as hedges of fair value of recognized assets or liabilities or firm commitments (“ fair value hedges cash flow hedges Cash flow hedges Derivatives designated as a cash flow hedge that are expected to be highly effective in achieving offsetting changes in cash flows are assessed on an ongoing basis to determine that they actually have been highly effective throughout the financial reporting periods for which they were designated. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income (“ OCI n. Related party transactions Parties are considered related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered related if they are subject to common control. A transaction is considered a related party transaction when there is a transfer of resources or obligations between related parties. o. Earnings per share Earnings per share is calculated by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if additional common shares are assumed to be issued that entitle their holders to obtain common shares in the future. For stock options, the number of additional shares for inclusion in diluted earnings per share calculations is determined using the treasury stock method. Under this method, stock options, whose exercise price is less than the average market price of the common shares, are assumed to be exercised and the proceeds are used to repurchase common shares at the average market price for the period. The incremental number of common shares issued under stock options and repurchased from proceeds is included in the calculation of diluted earnings per share. The Company had no dilutive instruments for the years ended December 31, 2022 and 2021. In the event of a share consolidation or share split, the calculation of basic and diluted earnings per share is adjusted retrospectively for all periods presented. p. Segment reporting The Company’s business is organized and reported as a single operating segment, consisting of acquiring and managing precious metals and other high-quality streams and royalties. The Company’s chief operating decision-maker, the Chief Executive Officer (“CEO”), makes capital allocation decisions, reviews operating results and assesses performance. q. Share-based payments The Company offers equity-settled (Stock Option Plan (“ SOP RSUs DSUs Equity-settled awards are measured at fair value using the Black-Scholes model with market-related inputs as of the date of the grant. The cost is recorded over the vesting period of the award and recorded in general administration costs with the corresponding entry recorded in equity. Equity-settled awards are not re-measured subsequent to the initial grant date. The Company uses the accelerated method (also referred to as ‘graded’ vesting) for attributing stock option expense over the vesting period. Stock option expense incorporates an expected forfeiture rate which is estimated based on a number of factors, including historical forfeiture rates and expectations of future forfeiture rates. The Company make adjustments if the actual forfeiture rate differs from the expected rate. Cash-settled awards are measured at fair value initially using the market value of the underlying shares at the date of the grant of the award and are required to be re-measured to fair value at each reporting date until settlement. The cost is then recorded over the vesting period of the award. This expense, and any changes in the fair value of the award, is recorded in general administration costs. The cost of cash-settled awards is recorded within liabilities until settled. Stock option plan Under the Company’s SOP, certain employees and officers may purchase common shares at an exercise price determined by the Board, which may not be less than the fair market value of a common share (being the volume weighted average trading price of the common shares on the Toronto Stock Exchange (“ TSX Restricted share units Under the Company’s RSU plan, certain employees and officers are granted RSUs where each RSU has a value equal to one common share. The RSUs have a 36-month Deferred share units Under the Company’s DSU plan, Directors must receive a specified portion of their basic annual retainer in the form of DSUs, with the option to elect to receive all of their annual retainer in the form of DSUs. Each DSU has the same value as one common share of Triple Flag. DSUs must be retained until the Director leaves the Board. Following an eligible Director ceasing to hold all positions with the Company, the Director will receive a payment in cash at the fair market value of the common shares represented by his or her DSUs on the Director’s elected redemption date. Additional DSUs are credited to reflect dividends paid on common shares. A liability for DSUs is measured at fair value on the grant date and is subsequently adjusted for changes in fair value. The liability is recognized on a straight-line basis over the vesting period, with a corresponding charge to employee costs, as a component of general administration costs. r. Sustainability initiatives Sustainability initiatives represent costs the Company incurs on various Environmental, Social and Governance (“ ESG

Critical accounting estimates a

Critical accounting estimates and judgments	12 Months Ended
	Dec. 31, 2022
Critical accounting estimates and judgments
Critical accounting estimates and judgments	4. Critical accounting estimates and judgments The preparation of consolidated financial statements in accordance with IFRS requires management to make judgments, estimates and assumptions that affect the application of the Company’s accounting policies, which are described in Note 3, the reported amounts of assets and liabilities and disclosure of commitments at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The determination of estimates requires the exercise of judgment based on various assumptions and other factors such as historical experience, and current and expected economic conditions. Actual results could differ from those estimates. Management’s estimates and underlying assumptions are reviewed on an ongoing basis. Any changes or revisions to estimates and underlying assumptions are recognized in the period in which the estimates are revised and in any future periods affected. The key sources of estimation uncertainty and judgments used in the preparation of these consolidated financial statements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities and earnings within the next financial year are discussed below. Mineral Reserves, Mineral Resource estimates and depletion Mineral interests represent agreements for which settlement is called for in the payment of royalties or the multi-year delivery with reference to a percentage of production from a mine. Mineral interests comprise a large component of the Company’s assets and, as such, any change in the Mineral Resources and Mineral Reserves estimates of the properties to which the interests relate may have a significant effect on the Company’s consolidated financial statements. The estimation of Mineral Resources and Mineral Reserves is applied in estimating future deliveries under the agreement and determines rates of depletion and recoverability of the carrying value of the mineral interests. In assessing the Company’s estimates of Mineral Resources and Mineral Reserves for a specific property, the Company assesses public disclosures of Mineral Resources and Mineral Reserves released by the operators and, if available, the associated mine plan to estimate total expected deliveries under the agreement. The estimation of recoverable Mineral Resources and Mineral Reserves in respect of each agreement is generally based upon factors such as: ● estimates of mine operating costs; ● foreign exchange rates and commodity prices; ● terms for offtake agreements; ● future development costs; and ● geological interpretation of drill results and judgments made in estimating the size and grade of the ore body. The Company estimates exploration potential based on: ● the size of the land package applicable to the agreement; ● the cost and intensity of exploration programs proposed by the mine operator; ● geological structures; and ● ore body continuity and assessment of geotechnical limits. These assumptions are, by their nature, subject to interpretation and uncertainty. The estimates of Mineral Resources and Mineral Reserves may change based on additional knowledge gained subsequent to the initial assessment. Changes in the estimates of Mineral Resources and Mineral Reserves may materially impact the recorded amounts of depletion and the assessed recoverability of the carrying value of royalty and stream interests. Impairment As at December 31, 2022, the Company identified an indicator of impairment for the Beaufor mineral interest. As a result, the Company performed an impairment assessment, resulting in an impairment charge recognized in the consolidated statements of income and comprehensive income. Refer to Note 13 for additional disclosures. Income taxes The interpretation and application of existing tax laws, regulations and rules in Australia, Bermuda, Canada, Colombia, Mongolia, Peru, South Africa, the United Kingdom and the United States, or any of the other potential countries in which mineral interests are located or where commodities are sold, requires judgment. The likelihood that tax positions taken will be sustained upon examination by applicable tax authorities is based on facts and circumstances of the relevant tax position, considering all available evidence. Differing interpretation of these laws, regulations or rules could result in an increase in the Company’s taxes, governmental charges, duties or impositions. Business combinations The assessment of whether an acquisition meets the definition of a business or is considered the acquisition of an asset is an area of key judgment. If deemed to be a business combination, applying the acquisition method to business combinations requires each identifiable asset and liability to be measured at its acquisition date fair value. The excess, if any, of the fair value of consideration over the fair value of the net identifiable assets acquired is recognized as goodwill. The determination of the acquisition date fair values often requires management to make assumptions and estimates about future events. The assumptions and estimates with respect to determining the fair value of assets acquired and liabilities assumed, that of mineral interests and other properties in particular, generally require a high degree of judgment and include estimates of Mineral Resources and Mineral Reserves acquired, future metal prices, discount rates and reserve/resource conversion. Changes in the judgments made or in any of the assumptions or estimates used in determining the fair value of acquired assets and liabilities could impact the amounts assigned to assets and liabilities.

Adoption of accounting policies

Adoption of accounting policies	12 Months Ended
	Dec. 31, 2022
Adoption of accounting policies
Adoption of accounting policies	5. Adoption of accounting policies New accounting standards effective in 2022 There was no material impact on the financial statements from new accounting standards or amendments to accounting standards, effective January 1, 2022. New accounting standards issued but not yet effective Certain new accounting standards and interpretations have been published that are not mandatory for the current period and have not been early adopted. These standards are not expected to have a material impact on the Company’s current or future reporting periods.

Key developments

Key developments	12 Months Ended
	Dec. 31, 2022
Key developments
Key developments	6. Key developments a. On December 19, 2022, the Company entered into a royalty purchase agreement with Clean Air Metals Inc. to acquire a 2.5% net smelter returns (“ NSR PEA b. On December 13, 2022, the Company announced that it had entered into definitive agreements with Orion Minerals Ltd. (“ Orion GRR Prieska Stream The GRR provides Triple Flag with an entitlement to 0.8% of gross revenue from future production at the Prieska mine. The Prieska Stream required Orion to deliver Triple Flag 84% of payable gold and 84% of reference gold and 84% of reference silver, until 94.3 koz and 5,710 koz of gold and silver, respectively, have been delivered. Thereafter, the payable gold and silver under the Prieska Stream will be reduced to 50% for the remaining mine life. The Company will make ongoing payments of 10% of the spot gold price for each ounce of gold and 10% of the spot silver price for each ounce of silver delivered under the Prieska stream. Payable gold and silver for the purposes of the Prieska Stream are determined using a fixed ratio to copper in concentrate until the respective delivery thresholds are met – 0.359 ounces of payable gold per tonne of copper contained in concentrate and 21.736 ounces of payable silver per tonne of copper contained in concentrate. Closing of the GRR is subject to obtaining approvals, and closing of the Prieska stream is conditional on obtaining approvals, the mine development being fully funded and Orion finalizing a mine plan to the Company’s satisfaction. c. In November 2022, Triple Flag received approval from the TSX to renew its normal course issuer bid (“ NCIB also re-established an Automatic Share Purchase Plan (“ ASPP d. Pumpkin Hollow ( 97.5% gold and silver stream and 2% Open Pit Royalty) On October 28, 2022, Nevada Copper Corp. (“ Nevada Copper In connection with the Nevada Copper restart financing package for operations at the Pumpkin Hollow mine, its senior credit facility was amended to provide for a new tranche of up to $25 million, of which the Company has committed $5 million. e. Steppe Gold Prepaid Gold Interest On September 26, 2022, the Company entered into an agreement with Steppe Gold Ltd. to acquire a prepaid gold interest (the “ Steppe Gold Prepaid Gold Interest The Prepaid Gold Interest is accounted for as a financial asset at fair value through profit or loss (“ FVTPL LBMA f. Credit Facility Amendment On September 22, 2022, the Company extended the maturity of the $500,000 Credit Facility by three years, with a new maturity date of August 30, 2026, and increased the uncommitted accordion from $100,000 to $200,000, for a total availability of up to $700,000. Under the amendment, the London Inter-Bank Offered Rate (“ LIBOR SOFR g. New York Stock Exchange Listing On August 30, 2022, the Company commenced trading on the New York Stock Exchange (the “ NYSE h. Stornoway Restructuring On April 29, 2022, Stornoway Diamonds (Canada) Inc. (“ Stornoway ● The amounts outstanding under the Stornoway Working Capital Facility (the “ Facility ”) were fully repaid on April 29, 2022 (Stornoway repaid C $1,493 to Triple Flag); ● The Facility remains available to be drawn by Stornoway up to an amount of C $20,000 in total (C $2,600 attributable to Triple Flag). The maturity date of the Facility has been extended to December 31, 2025; ● Stream payments will be required in a given quarter provided: - Stornoway satisfies certain minimum cash thresholds, and - No amounts are outstanding under the Working Capital Facility; ● In the event that Stornoway does not satisfy minimum cash thresholds at the end of a given quarter, the Renard Streamers will be required to resume reinvesting all or a portion of their net proceeds under the Renard stream into the Stornoway Bridge Financing Facility (the “ Bridge ”); and ● The maturity date of the Bridge and other loans has been extended to December 31, 2025, subject to further extension of the maturity of the Bridge to December 2028 in certain events. Certain amounts outstanding under the Bridge are subject to early repayment at the end of each year to the extent that Stornoway then satisfies certain excess cash thresholds. Stream payments resumed in the second quarter of 2022 as a result of Stornoway satisfying the minimum cash threshold and having no amounts outstanding under the Working Capital Facility. i. On March 7, 2022, the Company entered into a royalty purchase agreement with a third party to acquire a 1% NSR royalty over the Sofia Project (“ Sofia j. On February 15, 2022, Talon Nickel (USA) LLC (“ Talon k. On February 4, 2022, the Company entered into a royalty purchase agreement with a third party to acquire a 2% NSR royalty (with a milestone-based stepdown to 1%) on the Beaufor mine for C$6,750. In connection with this transaction, the Company entered into a binding agreement with Monarch Mining Corporation (“ Monarch l. On December 22, 2021, the Company and Excelsior Mining Corp., including its subsidiaries (“ Excelsior m. On December 21, 2021, the Company entered into an agreement with Azufres Atacama SCM to acquire 2% NSR royalties on each of the Aster Aster Gold Fields NSR royalty Company $2,000 for the Aster 2 royalty and $4,000 for each of the Aster 3 and Helada n. In October 2021, the Company established a NCIB. Under the NCIB, the Company could acquire up to 2,000,000 of its common shares from time to time in accordance with the NCIB procedures of the TSX. Repurchases under the NCIB were authorized until October 13, 2022. Daily purchases were limited to 8,218 common shares, representing 25% of the average daily trading volume of the common shares on the TSX for the period from May 20, 2021 to October 5, 2021, being 32,872 common shares, except where purchases were made in accordance with the “block purchase exemption” of the TSX rules. All common shares that were repurchased by the Company under the NCIB were cancelled. In December 2021, in connection with the NCIB, that expired on October 13, 2022, the Company entered into an ASPP with the designated broker responsible for the NCIB. The ASPP was implemented effective January 1, 2022. The ASPP was intended to allow for the purchase of its common shares under the NCIB at times when the Company would ordinarily not be permitted to purchase its common shares due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, prior to entering into a blackout period, the Company could instruct the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases would be made by the designated broker in its sole discretion based on parameters established by us prior to the blackout period in accordance with the rules of the TSX, applicable securities laws and the terms of the ASPP. o. In October 2021, Triple Flag announced that it had implemented a Dividend Reinvestment Plan (“ DRIP p. TF Precious Metals closed its initial public offering (“ IPO q. On January 12, 2021, the Company entered into an agreement (the “ IAMGOLD Agreement IAMGOLD

Cash and cash equivalents

Cash and cash equivalents	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents.
Cash and cash equivalents	7. Cash and cash equivalents ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Bank balances ​ $ 34,748 ​ $ 17,661 Short-term deposits ​ 36,350 ​ 23,011 Total cash and cash equivalents ​ $ 71,098 ​ $ 40,672 ​ Cash and cash equivalents include cash and money market investments with original maturities of less than 90 days.

Amounts receivable and prepayme

Amounts receivable and prepayments	12 Months Ended
	Dec. 31, 2022
Amounts receivable and prepayments
Amounts receivable and prepayments	8. Amounts receivable and prepayments ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Royalties receivable ​ $ 7,510 ​ $ 6,313 Prepayments ​ 1,306 ​ 637 Other receivable ​ ​ 551 ​ ​ — Sales tax recoverable ​ 236 ​ 74 Total amounts receivable and prepayments ​ $ 9,603 ​ $ 7,024 ​ Royalties receivable represents amounts that are generally collected within 45 days of quarter-end. Prepayments largely represent various insurance programs that are in place.

Inventory

Inventory	12 Months Ended
	Dec. 31, 2022
Inventory
Inventory	9. Inventory ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Gold credits 1 ​ $ — ​ $ 938 Silver credits 2 ​ — ​ 434 Total inventory ​ $ — ​ $ 1,372 1. Represents nil oz of gold (2021: 1,188 oz) and includes depletion of $ nil at December 31, 2022 (2021: $727 ). 2. Represents nil oz of silver (2021: 34,194 oz) and includes depletion of $ nil at December 31, 2022 (2021: $352 ). Inventory comprises unsold ounces of gold and silver credits acquired. Cost of sales represents the value of inventory expensed during the year.

Loans receivable

Loans receivable	12 Months Ended
	Dec. 31, 2022
Loans receivable
Loans receivable	10. Loans receivable ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Bridge Financing - Stornoway Diamonds 1 ​ $ 11,096 ​ $ 8,561 Working Capital Facility - Stornoway Diamonds 2 ​ — ​ 1,127 Total loans receivable ​ $ 11,096 ​ $ 9,688 1. Represents a receivable under a bridge financing facility provided by certain secured lenders, including the Company, in June 2019 to Stornoway and certain of its subsidiaries. The loan bears interest at 8.25 % per annum, which is calculated and compounded monthly and is capitalized until repayment. The increase in the loan balance during the year ended December 31, 2022 represents additional funding and interest accrued on the loan. The loan has been extended to December 31, 2025 and has been reclassified to non-current. Refer to Note 6f for additional details. 2. Represents working capital financing initially provided to Stornoway in 2019. The loan was fully repaid on April 29, 2022.

Other financial assets

Other financial assets	12 Months Ended
	Dec. 31, 2022
Other financial assets
Other financial assets	11. Other financial assets ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Investments ​ $ 5,372 ​ $ 13,672 Prepaid gold interest ​ ​ 4,534 ​ ​ — Total other financial assets ​ $ 9,906 ​ $ 13,672 Investments comprise equity interests and warrants in publicly traded and private companies and have been recorded at fair value. The fair value of the public equity investments is classified as level 1 of the fair value hierarchy because the main valuation inputs used are quoted prices in active markets, the fair value of the warrants is classified as level 2 because one or more of the significant inputs are based on observable market data, and the fair value of the private equity investments is classified as level 3 of the fair value hierarchy because the relevant observable inputs are not available. Refer to Note 26 for additional details. On September 26, 2022, the Company entered into an agreement with Steppe Gold to acquire a prepaid gold interest. The Company made a cash payment of $4,800 to acquire the prepaid gold interest in exchange for delivery of 3,000 ounces of gold that will be delivered by Steppe Gold within the next eight months. The Steppe Gold Prepaid Gold Interest is accounted for as a financial asset at fair value through profit or loss and fair value is calculated based on the London Bullion Market Association PM fix on the last trading day of the quarter. For the year ended December 31, 2022, the Company recognized a loss of $4,066 (2021: $10,786) as a result of changes in fair value of investments and prepaid gold interest.

Mineral interests

Mineral interests	12 Months Ended
	Dec. 31, 2022
Mineral interests
Mineral interests	12. Mineral interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mineral ​ ​ ​ ​ December 31, 2022 ​ Streams ​ Royalties ​ Total 1 Cost ​ ​ ​ As at January 1, 2022 ​ $ 1,277,091 ​ $ 234,476 ​ $ 1,511,567 Additions 2 ​ 4,163 ​ 53,782 ​ 57,945 Disposals 3 ​ ​ — ​ ​ (2,401) ​ ​ (2,401) As at December 31, 2022 ​ $ 1,281,254 ​ $ 285,857 ​ $ 1,567,111 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depletion and impairments ​ ​ ​ As at January 1, 2022 ​ $ (244,506) ​ $ (41,828) ​ $ (286,334) Depletion ​ (39,589) ​ (9,417) ​ (49,006) Impairment charges 4 ​ ​ — ​ ​ (3,600) ​ ​ (3,600) As at December 31, 2022 ​ $ (284,095) ​ $ (54,845) ​ $ (338,940) Carrying value ​ $ 997,159 ​ $ 231,012 ​ $ 1,228,171 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mineral ​ ​ ​ ​ December 31, 2021 ​ Streams ​ Royalties ​ Total 1 Cost ​ ​ ​ As at January 1, 2021 ​ $ 1,276,549 ​ $ 183,755 ​ $ 1,460,304 Additions 5 ​ 542 ​ 50,721 ​ 51,263 As at December 31, 2021 ​ $ 1,277,091 ​ $ 234,476 ​ $ 1,511,567 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depletion and impairments ​ ​ ​ As at January 1, 2021 ​ $ (200,060) ​ $ (31,524) ​ $ (231,584) Depletion ​ (44,446) ​ (10,304) ​ (54,750) As at December 31, 2021 ​ $ (244,506) ​ $ (41,828) ​ $ (286,334) Carrying value ​ $ 1,032,585 ​ $ 192,648 ​ $ 1,225,233 1. Includes $1,036,220 (2021: $1,081,063 ) of depletable mineral interest and $191,951 (2021: $144,170 ) of non-depletable mineral interest. 2. Reflects NCU Royalty and Stream amendment, acquisition of Clean Air Metals royalty, Beaufor royalty, and Sofia royalty. Transaction costs incurred to date have been capitalized. See note 6 for further details. 3. Reflects Talon royalty buy-down which resulted in a gain of $2,099 . See note 6h for further details. 4. Reflects impairment charge taken for the Beaufor royalty. See note 13 for further details. 5. Reflects acquisition of IAMGOLD royalty portfolio and Nevada Copper Stream reinvestment funding.

Impairment of Streams, Royaltie

Impairment of Streams, Royalties and other interests	12 Months Ended
	Dec. 31, 2022
Impairment of Streams, Royalties and other interests
Impairment of Streams, Royalties and other interests	13. Impairment of Streams, Royalties and other interests In accordance with the Company’s accounting policy, non-current assets are tested for impairment or impairment reversals when events or changes in circumstances suggest that the carrying amount may not be recoverable or is understated. Impairments in the carrying value of each cash-generating unit (“ CGU FVLCD VIU For the years ended December 31, 2022 and 2021, the Company reviewed all assets for indicators of impairment or reversal of impairment for the Company’s mineral interests and concluded there were no indicators of impairment or reversal of impairment, except as noted below. In the second half of 2022, Monarch suspended its operations at the Beaufor Mine due to financial and operational challenges. The mine was put on care and maintenance for an indefinite period. Due to the continued suspension of operations at the Beaufor Mine, the Company concluded that this was a triggering event. As a result, management performed an impairment analysis for the Beaufor royalty investment as at December 31, 2022, resulting in an impairment of $3,600. The Beaufor royalty was written down to its estimated recoverable amount of $6,836. The Company estimated the recoverable amount based on the fair value model on a discounted cash flows basis. The different scenarios considered changes in grade and restart plan. The main valuation inputs used were the cash flows expected to be generated from the Beaufor royalty over the estimated life of the mine, based on long-term per ounce gold prices and a 5% discount rate. The Company also performed a sensitivity analysis for the discount rate. A 1% increase in discount rate would have resulted in an additional impairment charge of $357, while holding all other assumptions correct.

Other assets

Other assets	12 Months Ended
	Dec. 31, 2022
Other assets
Other assets	14. Other assets ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Deferred charges – Credit Facility 1 ​ $ 2,445 ​ $ 1,805 Right-of-use asset 2 ​ 1,811 ​ 929 Leasehold improvements and other ​ 291 ​ 417 Total other assets ​ $ 4,547 ​ $ 3,151 1. Represents costs associated with issuance and amendment of the Credit Facility. These costs are being amortized over the life of the Credit Facility. 2. Represents the asset recognized upon IFRS 16. It relates to a seven-year lease entered into by the Company for a term which commenced on October 1, 2018, further extended to December 31, 2029, and is being amortized over the remaining life of the lease.

Amounts payable and other liabi

Amounts payable and other liabilities	12 Months Ended
	Dec. 31, 2022
Amounts payable and other liabilities
Amounts payable and other liabilities	15. Amounts payable and other liabilities ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Accrued liabilities 1 ​ $ 9,363 ​ $ 3,223 Amounts payable ​ 1,027 ​ 147 Accrued interest 2 ​ 496 ​ 496 Share-based payments (Note 22) ​ 434 ​ — Total amounts payable and other liabilities ​ $ 11,320 ​ $ 3,866 1. Accrued liabilities include accruals for annual short-term incentive and services performed, both of which are expected to be paid subsequent to year-end. 2. Accrued interest represents standby charges accrued on the Credit Facility.

Lease obligation

Lease obligation	12 Months Ended
	Dec. 31, 2022
Lease obligation
Lease obligation	16. Lease obligation ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 At January 1 ​ $ 1,127 ​ $ 1,378 Lease extension 1 ​ ​ 1,130 ​ ​ — Repayments ​ (359) ​ (258) Foreign exchange difference ​ 19 ​ 7 At December 31 ​ $ 1,917 ​ $ 1,127 ​ ​ ​ ​ ​ ​ ​ Lease obligation - current ​ $ 277 ​ $ 270 Lease obligation - non-current ​ 1,640 ​ 857 At December 31 ​ $ 1,917 ​ $ 1,127 ​ ​ 1. The seven-year lease was entered into by the Company for a term which commenced on October 1, 2018, further extended to December 31, 2029, and is being amortized over the remaining life of the lease.

Long-term debt

Long-term debt	12 Months Ended
	Dec. 31, 2022
Long-term debt
Long-term debt	17. Long-term debt ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Long-term debt – beginning of year ​ $ — ​ $ 275,000 Revolving Credit Facility drawdown ​ — ​ 44,000 Repayments ​ — ​ (319,000) Long-term debt ​ $ — ​ $ — ​ Revolving Credit Facility The Credit Facility is to be used for general corporate purposes and investments in the mineral industry, including the acquisition of mineral interests and other assets. The Credit Facility is secured by the Company’s assets, present and future (including mineral interests and other assets). Advances under the Credit Facility can be drawn as follows: ● Base rate loans with interest payable monthly at the greater of: (a) the aggregate of (i) the Federal Funds Effective Rate and (ii) 1/2 of 1.0% per annum and (b) the Base Rate Canada, plus between 0.75% and 1.75% per annum (December 31, 2021: 0.75% and 1.75% per annum) depending upon the Company’s leverage ratio; or ● SOFR loans for periods of one, two, three or six months with interest payable at a rate of SOFR, plus between 1.75% and 2.75% per annum (December 31, 2021: 1.75% and 2.75% per annum), depending on the Company’s leverage ratio. As at December 31, 2022, the Credit Facility remains undrawn (December 31, 2021: $nil). Finance costs, net for the year ended December 31, 2022 were $3,217 (2021: $6,342), including interest charges, the impact of the pay-fixed receive-float interest rate swap and standby fees. Standby fees range from 0.39% to 0.62% per annum (2021: 0.39% to 0.62% per annum) depending on the Company’s leverage ratio, even if no amounts are outstanding under the Credit Facility. The Credit Facility includes covenants that require the Company to maintain certain financial ratios, including the Company’s leverage ratios. As at December 31, 2022, all such ratios and requirements were met.On April 30, 2020, the Company entered into a pay-fixed receive-float interest rate swap to hedge the LIBOR rate on $150,000 of the Credit Facility. The swap was terminated on May 28, 2021. Refer to Note 26 for additional details.

Operating Expenses by Nature

Operating Expenses by Nature	12 Months Ended
	Dec. 31, 2022
Operating Expenses by Nature
Operating Expenses by Nature	18. Operating Expenses by Nature 1 ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Employee costs 2,3 ​ $ 11,890 ​ $ 8,401 Office, insurance and other expenses ​ 4,113 ​ 2,352 Professional services 3 ​ 2,115 ​ 1,832 Amortization ​ 374 ​ 399 Total operating expenses ​ $ 18,492 ​ $ 12,984 ​ 1. Includes general administration costs and business development costs. 2. Includes share-based compensation expense of $ 5,054 (2021: $ 2,337 ). 3. Certain costs have been presented within business development costs due to their nature.

Finance costs, net

Finance costs, net	12 Months Ended
	Dec. 31, 2022
Finance costs, net
Finance costs, net	19. Finance costs, net ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Interest expense - long-term debt ​ $ 3,217 ​ $ 6,342 Interest expense - lease obligation ​ 95 ​ 81 Interest income - other ​ (1,899) ​ (750) Total finance costs, net ​ $ 1,413 ​ $ 5,673 ​

Commitments and contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and contingencies
Commitments and contingencies	20. Commitments and contingencies Commitments Mineral interests The following table summarizes the Company’s commitments to make per unit cash payments for metal to which it has the contractual right pursuant to the metal purchase and sale agreement: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Attributable ​ ​ ​ ​ ​ ​ ​ ​ volume ​ ​ ​ ​ Mineral interest ​ Commodity ​ Inception date ​ purchased ​ Per unit cash payment ​ Term Cerro Lindo Silver Dec. 20, 2016 65 % (1) 10% of monthly average Life of mine Altan Tsagaan Ovoo Gold Aug. 11, 2017 25 % (2) 17% of spot Life of mine Altan Tsagaan Ovoo Silver Aug. 11, 2017 50 % (3) 17% of spot Life of mine Renard Diamond Nov. 29, 2017 4 % Lesser of 40% of achieved sales price or $40 Life of mine Pumpkin Hollow Gold Dec. 21, 2017 97.5 % (4) 5% of spot Life of mine Pumpkin Hollow Silver Dec. 21, 2017 97.5 % (4) 5% of spot Life of mine Gunnison Copper Oct. 30, 2018 16.5 % (5) 25% of spot Life of mine Buriticá Silver Mar. 15, 2019 100 % (6) 5% of spot Life of mine RBPlat Gold Jan. 23, 2020 70 % (7) 5% of spot Life of mine Northparkes Gold Jul. 10, 2020 54 % (8) 10% of spot Life of mine Northparkes Silver Jul. 10, 2020 80 % (9) 10% of spot Life of mine 1. 65% of payable silver produced from Cerro Lindo until 19.5 million ounces have been delivered and 25% thereafter. 2. 25% of gold from ATO until 46,000 ounces of gold have been delivered and thereafter 25% of gold subject to an annual cap of 7,125 ounces. 3. 50% of silver from ATO until 375,000 ounces of silver have been delivered and thereafter 50% of silver subject to an annual cap of 59,315 ounces. 4. Streamed gold is to be based on a fixed gold-to-copper ratio (being 162.5 ounces of gold for each million pounds of payable copper over the life of the asset) multiplied by a 97.5% gold stream percentage and streamed silver is to be based on a fixed silver-to-copper ratio (being 3,131 ounces of silver for each million pounds of payable copper over the life of the asset) multiplied by a 97.5% silver stream percentage. 5. The stream percentage of refined copper produced from the Gunnison mine ranges from 3.5% to 16.5% depending on the Gunnison mine’s total production capacity, with the stream percentage starting at 16.5% and decreasing as the Gunnison project’s production capacity increases. Triple Flag has the option to increase its stream participation percentage by paying an additional deposit of an amount up to US $65 million. 6. The streamed silver is to be based on a fixed silver-to-gold ratio of 1.84 over the life of the asset. 7. 70% of payable gold produced until 261,000 ounces have been delivered and 42% thereafter. 8. 54% of payable gold produced until 630,000 ounces have been delivered and 27% thereafter. 9. 80% of payable silver produced until 9,000,000 ounces have been delivered and 40% thereafter. Contingencies i. Kemess Project On May 16, 2018, Triple Flag entered into a silver purchase and sale agreement in relation to silver production from the Kemess project. In exchange for an upfront deposit of $45,000 and ongoing payments of 10% of the average five-day silver market price for each ounce of silver purchased, Triple Flag will receive 100% of the payable silver produced at the mine, subject to a fixed ratio floor of 5.5755 ounces of silver for each 1,000 pounds of copper produced from the Kemess underground area and fixed payable metal percentages for copper and silver. The upfront deposit is to be paid in four installments: $10,000 upon a construction decision, $10,000 on the first anniversary of the initial payment, and two $12,500 payments on the following two anniversaries. Funding of the upfront deposit is subject to certain closing conditions, including the public announcement by Centerra Gold Inc. of a construction decision. To date, no construction decision has been announced. ii. Hemlo Royalty supplemental payment The Company has contingent payments due in respect of the Hemlo royalty, which was acquired as part of the royalty portfolio purchased from Centerra Gold Inc. For each 100,000 ounces of gold produced by the Hemlo mine in excess of 675,000 ounces, the Company is required to make payments of C$50. The Company has incurred C$350 since acquiring the royalty. iii. Eagle River Royalty supplemental payment The Company has contingent payments due in respect of the Eagle River royalty, which was acquired as part of the royalty portfolio purchased from Centerra Gold Inc. For each 50,000 ounces of gold produced by the Eagle River mine in excess of 207,000 ounces, the Company is required to make payments of C$50. The Company has incurred C$350 since acquiring the royalty. iv. Nevada Copper Stream Amendment and Acquisition of Royalties On October 28, 2022, under the most recent stream amendment, the Company accelerated the payment of the remaining unfunded deposit in the amount of $3,808. Pursuant to the purchase of a 2% NSR royalty on the Tedeboy Area, a contingent payment of $5,000 will be funded upon commencement of commercial production. v. Clean Air Metals NSR Royalty On December 19, 2022, the Company entered into a royalty purchase agreement with Clean Air Metals Inc. to acquire a 2.5% NSR royalty on the Thunder Bay North Project in Northern Ontario, Canada for C$15,000. The first tranche of C$10,000 was funded. Subject to certain conditions, the remaining C$5,000 will be funded within 90 days.

Related party transactions

Related party transactions	12 Months Ended
	Dec. 31, 2022
Related party transactions
Related party transactions	21. Related party transactions The Company’s related parties are its key management personnel, its Directors, as well as Triple Flag Mining Aggregator S.à r.l. (“ Aggregator Luxco a majority of the issued and outstanding common shares of the Company, and are controlled by certain investment funds advised by Elliott Investment Management L.P. and its affiliates. Compensation for key management personnel of the Company was as follows: ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Salaries and short-term employee benefits 1 ​ $ 6,836 ​ $ 6,064 Share-based payments 2 ​ 5,054 ​ 2,337 ​ ​ $ 11,890 ​ $ 8,401 1. Includes salary, benefits and bonuses earned in the period. 2. Represents stock options, restricted share units, and deferred share units.

Stock-based compensation

Stock-based compensation	12 Months Ended
	Dec. 31, 2022
Stock-based compensation
Stock-based compensation	22. Stock-based compensation Stock options Under the Company’s SOP, certain employees and officers may purchase common shares at an exercise price determined by the Board, which may not be less than the fair market value of a common share (being the closing price of a common share on the TSX on the last trading day immediately prior to the applicable date on which the stock option is granted). Stock options vest equally in annual instalments over three years and have a seven-year At December 31, 2022, 3,032,771 (2021: 1,517,910) stock options were granted and outstanding. The options are expected to expire seven years one-third The expected volatility assumptions have been developed taking into consideration historical volatility of comparable peer companies. Expected life of the option is derived from the option valuation model, factoring in vesting and expiry of the options. Forfeitures have also been factored in based on historical forfeiture rates. The risk-free rate is based on the Government of Canada benchmark bond yields in effect at the time of the grant. Compensation expense for stock options was $3,304 in 2022 (2021: $1,311) and is presented as a component of employee costs within operating expenses. Options of 505,970 (2021: nil) were available to be exercised in 2022, but no options were exercised. Employee Stock Option Activity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ Shares Average price Shares Average price At January 1 ​ 1,517,910 ​ $ 13 ​ — ​ $ — Granted ​ 1,514,861 ​ ​ 13 ​ 1,517,910 ​ 13 At December 31 ​ 3,032,771 ​ $ 13 ​ 1,517,910 ​ $ 13 ​ Stock Options Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Exercisable ​ ​ ​ Average Average life Intrinsic ​ Average Intrinsic Exercise price ​ Shares ​ price ​ (years) ​ value 1 ​ Shares ​ price ​ value 1 $ 13 3,032,771 $ 13 ​ 5.8 ​ $ 2,305 505,970 $ 13 385 1. Based on the closing market share price on December 31, 2022 of USD $ 13.76 . As at December 31, 2022, there was $2,445 (2021: $2,286) of total unrecognized compensation cost relating to stock options. The Company expects to recognize this cost over a weighted average period of 0.7 years. Restricted Share Units (RSUs) and Deferred Share Units (DSUs) During the year ended December 31, 2022, 69,102 RSUs (2021: 69,217) were awarded to employees and officers of the Company. The RSUs will vest in full on the third anniversary of the grant date, with additional RSUs credited to reflect dividends paid over the vesting period. Included in the Company’s stock-based compensation expense is an amount of $605 (2021: $162) relating to RSUs. As at December 31, 2022, there was $1,048 (2021: $669) of total unrecognized non-cash stock-based compensation expense relating to unvested RSUs granted, which is expected to be recognized over a weighted average period of 1.8 years. The value of the RSU liability as at December 31, 2022 was $776 (2021: $162). During the year ended December 31, 2022, 72,439 DSUs (2021: 72,000) were granted to its non-executive independent Directors under the DSU Plan. Additional DSUs are credited to reflect dividends paid. All outstanding DSUs granted are available to be redeemed on December 31, 2022. No DSUs were redeemed during the year.The mark-to-market adjustment recorded for the year ended December 31, 2022 in respect of the DSU Plan resulted in an increase in the DSU liability of $97 (2021: decrease of $72). The value of the DSU liability as at December 31, 2022 was $1,999 (2021: $864), of which $434 (2021: $nil) has been classified as current.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Taxes
Income Taxes	23. Income Taxes a. Income tax expense ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Current income tax expense ​ $ 5,559 ​ $ 6,092 Deferred tax expense ​ ​ (770) ​ ​ 344 Income tax expense ​ $ 4,789 ​ $ 6,436 ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Tax expense related to continuing operations ​ ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ ​ Canada ​ $ — ​ $ — International ​ ​ 5,559 ​ ​ 6,092 ​ ​ ​ 5,559 ​ ​ 6,092 Deferred ​ ​ ​ ​ ​ ​ Canada ​ ​ (807) ​ ​ 289 International ​ ​ 37 ​ ​ 55 ​ ​ ​ (770) ​ ​ 344 Income tax expense ​ $ 4,789 ​ $ 6,436 ​ A reconciliation between income tax expense and the product of accounting profit multiplied by the Company’s weighted average tax rate applicable to profits of the consolidated entities is provided below: ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Earnings before income taxes ​ $ 59,875 ​ $ 51,963 ​ ​ ​ ​ ​ ​ ​ At 26.5% statutory rate ​ $ 15,867 ​ $ 13,770 Tax effects of: ​ ​ ​ ​ ​ ​ Income/expenses not taxed ​ ​ 1,105 ​ ​ (52) Adjustments in respect to prior year ​ ​ (392) ​ ​ 776 Temporary difference subject to Initial Recognition Exemption ​ ​ 668 ​ ​ 1,003 Differences in foreign statutory tax rates ​ ​ (12,901) ​ ​ (8,737) Impact of foreign exchange on deferred tax balance ​ ​ 368 ​ ​ (284) Other ​ ​ 74 ​ ​ (40) Income tax expense ​ $ 4,789 ​ $ 6,436 ​ b. Deferred income tax The significant components of deferred income tax liabilities as at December 31, 2022 and 2021, respectively, were as follows: ​ Summary of Deferred Income Tax Assets and Liabilities ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Deferred tax assets ​ ​ ​ ​ ​ ​ Non-capital loss carryforwards ​ $ 11,908 ​ $ 11,589 Stream and other assets ​ ​ 981 ​ ​ 252 ​ ​ ​ 12,888 ​ ​ 11,841 Deferred tax liabilities ​ ​ ​ ​ ​ ​ Royalties and other assets ​ ​ (11,763) ​ ​ (11,678) ​ ​ ​ 1,125 ​ ​ 163 Classification ​ ​ ​ ​ ​ ​ Non-current assets ​ ​ 2,610 ​ ​ 2,597 Non-current liabilities ​ ​ (1,485) ​ ​ (2,434) ​ ​ $ 1,125 ​ $ 163 ​ Movement in Net Deferred Taxes ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Balance, beginning of the year ​ $ 163 ​ $ 595 Recognized in profit and loss ​ ​ 770 ​ ​ (344) Recognized in other comprehensive income ​ ​ — ​ ​ (88) Corporate Minimum Tax ​ ​ 192 ​ ​ — Balance, end of year ​ $ 1,125 ​ $ 163 ​ Changes in deferred tax assets and liabilities have been recorded in net income for all periods presented. Non-Capital Losses Non-capital losses (“ NCLs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year of Expiry 2039 2040 2041 ​ ​ 2042 ​ Total NCLs ​ $ 18,132 ​ $ 7,837 ​ $ 13,032 ​ $ 3,407 ​ $ 42,408 ​

Shareholders' equity

Shareholders' equity	12 Months Ended
	Dec. 31, 2022
Shareholders' equity
Shareholders' equity	24. Shareholders’ equity Share capital The Company is authorized to issue an unlimited number of common and preferred shares. At December 31, 2022, the share capital comprised 155,685,593 common shares with no par value. ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ common ​ ​ ​ ​ ​ shares ​ Share Capital Balance at December 31, 2020 135,903,392 ​ $ 1,009,151 Additional shares issued from Treasury 20,289,323 ​ 245,115 Normal course issuer bid purchase of common shares (155,978) ​ (1,253) Balance at December 31, 2021 156,036,737 ​ $ 1,253,013 Normal course issuer bid purchase of common shares (351,144) ​ (2,819) Balance at December 31, 2022 155,685,593 ​ $ 1,250,194 ​ During the second quarter of 2021, the Company issued 20,289,323 shares pursuant to the IPO, including the over-allotment option, for gross proceeds of $263,761 ($245,115 net of underwriter fees and various issue costs of $18,646). In October 2021, Triple Flag established a NCIB program, which expired on October 13, 2022. In November 2022, the Company renewed its NCIB. Under the renewed NCIB, the Company may acquire up to 2,000,000 of its common shares from time to time in accordance with the NCIB procedures of the TSX. Repurchases under the NCIB are authorized until November 14, 2023. For the year ended December 31, 2022, the Company purchased 351,144 (2021: 155,978) of its common shares under the NCIB for $4,127 (2021: $1,679), of which $2,819 (2021: $1,253) was of share capital. In connection with the NCIB, the Company established an ASPP with the designated broker responsible for the NCIB. The ASPP is intended to allow for the purchase common shares under the NCIB at times when the Company would ordinarily not be permitted to purchase its common shares due to regulatory restrictions and customary self-imposed blackout periods. Dividends In 2022, we declared and paid dividends in United States dollars totaling $30,406 (2021: $14,838). For the

Capital management

Capital management	12 Months Ended
	Dec. 31, 2022
Capital management
Capital management	25. Capital management The Company’s primary objective with respect to its capital management is to ensure that it has sufficient cash resources to maintain its ongoing operations, meet contractual obligations under stream agreements with respect to mineral interests and facilitate debt repayments. The Company manages its capital structure and makes adjustments in light of changes in its economic and operating environment and the risk characteristics of the Company’s assets. For effective capital management, the Company implemented planning, budgeting and forecasting processes to help determine the funds required to ensure the Company has the appropriate liquidity to meet its operating and growth objectives. The Company ensures that there is access to sufficient funds to meet its short-term business, operating and financing requirements, taking into account its anticipated cash flows from operations and its holdings of cash and cash equivalents. As at December 31, 2022, the Company expects its capital resources and projected future cash flows from operations will be sufficient to support its normal operating requirements on an ongoing basis. Refer to the liquidity risk section of Note 26 for further discussion of the availability of funds to the Company. The Company is not subject to material externally imposed capital requirements and is in compliance with all its covenants under its Credit Facility (refer to Note 17) as at December 31, 2022.

Financial instruments

Financial instruments	12 Months Ended
	Dec. 31, 2022
Financial instruments
Financial instruments	26. Financial instruments The Company’s financial instruments include cash and cash equivalents, amounts receivable (excluding sales taxes and prepayments), investments and loans receivable, amounts payable and other liabilities, lease obligations and long-term debt. The Company applies all of the requirements of IFRS 9 to its financial instruments. The approach in IFRS 9 is based on how an entity manages its financial instruments and the contractual cash flow characteristics of the financial asset. IFRS 9 introduced a single expected credit loss impairment model, which is based on changes in debt or credit quality since initial recognition. IFRS 9 applies an expected credit loss model to evaluate financial assets for impairment. The Company’s financial assets that are subject to credit risk include cash and cash equivalents, amounts receivable (excluding sales taxes and prepayments) and loans receivable. The amounts receivable (excluding sales taxes and prepayments) are carried at amortized cost and had a carrying value of $8,061 as at December 31, 2022 (December 31, 2021: $6,313). Considering the current turnover and credit risk associated with the amounts receivable (excluding sales taxes and prepayments) and loans receivable, the application of the expected credit loss model did not have a significant impact on the Company’s financial assets, because the Company determined that the expected credit losses on its financial assets were nominal. To provide an indication about the reliability of the inputs used in determining fair value, the Company classifies its financial instruments into the three levels prescribed under the accounting standards. The fair value hierarchy establishes three levels to classify the inputs to valuation techniques used to measure fair value. Refer to Note 11 for additional details on investments that are measured at fair value. The carrying value of amounts receivable (excluding sales taxes and prepayments), cash and cash equivalents, investments, loans receivable, amounts payable and other liabilities, and long-term debt approximates their fair value. Financial assets and financial liabilities as at December 31, 2022 and December 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Financial ​ ​ ​ ​ ​ Assets ​ Liabilities ​ ​ ​ ​ ​ at amortized ​ at amortized As at December 31, 2022 ​ FVTPL ​ cost ​ cost Cash and cash equivalents ​ $ — ​ $ 71,098 ​ $ — Amounts receivable (excluding sales taxes and prepayments) ​ — ​ 8,061 ​ — Other financial assets ​ ​ 9,906 ​ ​ — ​ ​ — Loans receivable ​ — ​ 11,096 ​ — Amounts payable and other liabilities ​ — ​ — ​ 11,320 Total ​ $ 9,906 ​ $ 90,255 ​ $ 11,320 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Financial ​ ​ ​ ​ ​ Assets ​ Liabilities ​ ​ ​ ​ ​ at amortized ​ at amortized As at December 31, 2021 ​ FVTPL ​ cost ​ cost Cash and cash equivalents ​ $ — ​ $ 40,672 ​ $ — Amounts receivable (excluding sales taxes and prepayments) ​ — ​ 6,313 ​ — Other financial assets ​ ​ 13,672 ​ ​ — ​ ​ — Loans receivable ​ — ​ 9,688 ​ — Amounts payable and other liabilities ​ — ​ — ​ 3,866 Long-term debt ​ — ​ — ​ — Total ​ $ 13,672 ​ $ 56,673 ​ $ 3,866 ​ Derivative Financial Instruments In the normal course of business, the Company’s assets, liabilities and forecasted transactions, as reported in US dollars, are impacted by various market risks. The time frame and manner in which the Company manages those risks varies for each item based upon the assessment of the risk and available alternatives for mitigating risk. For some of these particular risks, the Company believes that derivatives are an appropriate way of managing the risk. The Company uses derivatives as part of the risk management program to mitigate risk. The derivatives used meet hedge effectiveness criteria and are designated in a hedge accounting relationship. Derivatives are designated as hedges of highly probable forecasted transactions (“ cash flow hedges On April 30, 2020, the Company entered into a pay-fixed receive-float interest rate swap (the “swap

Financial risk exposure and ris

Financial risk exposure and risk management	12 Months Ended
	Dec. 31, 2022
Financial risk exposure and risk management
Financial risk exposure and risk management	27. Financial risk exposure and risk management The Company is exposed in varying degrees to certain financial risks by virtue of its activities. The overall financial risk management program focuses on preservation of cash flows by reducing exposure to risks posed by the uncertainties and volatilities of financial markets. The Company is exposed to the following types of risk and manages them as follows: a. Currency risk As the Company evaluates potential mining interests across the globe, some of the Company’s financial instruments and transactions are denominated in currencies other than the U.S. dollar. The fluctuation of the U.S. dollar in relation to different currencies will consequently have an impact upon the expenses and profitability of the Company and may also affect the value of the Company’s assets. To mitigate this risk, the Company maintains the majority of its cash balances in U.S. dollars and purchases of foreign currencies are made only as and when required, at the prevailing spot price, to fund corporate activities and facilitate payments. b. Interest rate risk Interest rate risk is the risk that the fair value of a financial instrument or cash flows associated with the instrument will fluctuate due to changes in market interest rates. The only liability subject to interest is the Credit Facility which bears a variable interest rate when drawn. The undrawn Credit Facility is subject to standby charges linked to interest rates. An increase of 1% in interest rates would have resulted in a decrease in net income of $nil (2021: $353). The Company has used interest rate swaps to mitigate some of its exposure to interest rate risk in 2021. Refer to Note 26 for details. c. Credit risk Credit risk is the risk of a financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligation. Credit risk arises principally from the Company’s royalty receivables, cash and cash equivalents and short-term investments. The Company’s metals received from the various mineral interests are sold to a third-party broker and have limited credit risk. The Company receives royalty payments on a quarterly basis and the risk associated with collection of royalties is minimal since the royalty payments are from mines that generally generate cash flows. In the case of other receivables of financing facilities, the Company performs either a credit analysis or ensures that it has sufficient guarantees in case of a non-payment by the third party to cover the net book value of the note receivable. The Company manages counterparty credit risk, in respect of cash and cash equivalents, by maintaining bank accounts with highly rated U.S. and Canadian banks. As at December 31, 2022, the Company’s cash and cash equivalents are maintained with U.S. and Canadian banks with a minimum of an A1/P1 rating. d. Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company finances its operations through a combination of operating cash flows, and short-term and long-term debt. The Company primarily uses funds generated from operating activities to fund operational expenses and interest and principal payments on its borrowings. The Company continuously monitors and reviews its actual and forecasted cash flows and manages liquidity risk by maintaining adequate cash and cash equivalents, and by utilizing access to undrawn credit facilities. The Company believes its cash on hand and estimated cash flow from royalties and the sales of metal credits will be sufficient to fund its anticipated operating cash requirements for the next twelve months. Below is a maturity analysis of the Company’s financial liabilities and contractual obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than one One to three After three As at December 31, 2022 ​ Total ​ year ​ years ​ years Amounts payable and other liabilities ​ $ 11,320 ​ $ 11,320 ​ $ — ​ $ — Lease obligation ​ 1,917 ​ 277 ​ 525 ​ 1,115 Total contractual obligations ​ $ 13,237 ​ $ 11,597 ​ $ 525 ​ $ 1,115 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than one One to three After three As at December 31, 2021 ​ Total ​ year ​ years ​ years Amounts payable and other liabilities ​ $ 4,730 ​ $ 4,730 ​ $ — ​ $ — Lease obligation ​ 1,127 ​ 270 ​ 609 ​ 248 Total contractual obligations ​ $ 5,857 ​ $ 5,000 ​ $ 609 ​ $ 248 ​ e. Commodity price risk The profitability of the Company’s operations and mineral interests relates primarily to the market price and outlook of gold and silver. Commodity prices historically have fluctuated widely and are affected by numerous factors outside of the Company’s control, including, but not limited to, industrial, residential and retail demand, forward sales by producers and speculators, levels of worldwide production, short-term changes in supply and demand due to speculative or hedging activities, macro-economic variables, geopolitical events and certain other factors related specifically to gold (including central bank reserves management). To the extent that the price of commodities increases over time, the fair value of the Company’s mineral interests will increase and cash flows will improve; conversely, declines in the price of a commodity will reduce the fair value of mineral interests and cash flows. A protracted period of depressed prices could impair the Company’s operations and acquisition opportunities, and significantly erode shareholder value. An increase ( decrease gold silver revenue

Revenue

Revenue	12 Months Ended
	Dec. 31, 2022
Revenue
Revenue	28. Revenue Revenue is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Revenue from contracts with customers ​ ​ ​ ​ ​ ​ Streaming and related interests ​ ​ Silver ​ $ 61,051 ​ $ 68,777 Gold ​ 50,222 ​ 42,885 Other ​ 10,301 ​ 7,609 Royalty Interests ​ 28,705 ​ 31,150 Revenue - other ​ ​ 1,606 ​ ​ — Total revenues ​ $ 151,885 ​ $ 150,421 ​ Stream and royalty interest revenues were mainly earned from the following mineral interests: ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Revenue from contracts with customers ​ ​ ​ ​ ​ ​ Streaming and related interests ​ ​ Cerro Lindo ​ $ 46,742 ​ $ 55,140 Northparkes ​ 25,316 ​ 26,797 Altan Tsagaan Ovoo ​ 15,503 ​ 6,096 RBPlat ​ 13,817 ​ 14,564 Renard ​ 9,437 ​ 6,903 Buriticá ​ 9,150 ​ 7,922 Other ​ ​ 1,609 ​ ​ 1,849 ​ ​ $ 121,574 ​ $ 119,271 Royalty Interests ​ ​ Fosterville ​ $ 15,275 ​ $ 18,570 Young-Davidson ​ 5,602 ​ 5,067 Dargues ​ 4,218 ​ 3,121 Other ​ ​ 3,610 ​ ​ 4,392 ​ ​ $ 28,705 ​ $ 31,150 Revenue from contracts with customers ​ $ 150,279 ​ $ 150,421 Revenue - other ​ $ 1,606 ​ $ — Total revenues ​ $ 151,885 ​ $ 150,421 ​

Segment disclosure

Segment disclosure	12 Months Ended
	Dec. 31, 2022
Segment disclosure
Segment disclosure	29. Segment disclosure The Company’s business is organized into one single operating segment, consisting of acquiring and managing precious metal and other high-quality streams and royalties. The Company’s chief operating decision-maker, the CEO, makes capital allocation decisions, reviews operating results and assesses performance. Geographic revenues from the sale of metals and diamonds received or acquired from streams and royalties is determined by the location of the mining operations giving rise to the stream or royalty interest. For the years ended December 31, 2022 and 2021, stream and royalty revenues were mainly earned from the following jurisdictions: Revenue by Geography ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Australia 1 ​ $ 47,482 ​ $ 51,325 Peru 2 ​ 46,742 ​ 55,140 Canada 3 ​ 17,582 ​ 13,525 Mongolia 2 ​ 15,503 ​ 6,096 South Africa 2 ​ 13,817 ​ 14,564 Colombia 2 ​ 9,150 ​ 7,922 United States 2 ​ 1,609 ​ 1,849 Total revenues ​ $ 151,885 ​ $ 150,421 1. Includes revenue from streams for the year ended December 31, 2022 of $25,316 (2021: $26,797 ) and revenues from royalties for the year ended December 31, 2022 of $22,166 (2021: $24,528 ). 2. All revenue from streams. 3. Includes revenue from streams for the year ended December 31, 2022 of $9,437 (2021: $6,903 ), revenues from royalties for the year ended December 31, 2022 of $6,539 (2021: $6,622 ) and other revenue of $1,606 (2021: $nil ). For the years ended December 31, 2022 and 2021, non-current assets were located in the following jurisdictions: ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Australia ​ $ 572,988 ​ $ 587,208 United States ​ 200,457 ​ 172,902 Canada ​ 151,800 ​ 125,546 South Africa ​ 131,345 ​ 135,722 Peru ​ 95,620 ​ 116,974 Colombia ​ 48,577 ​ 50,718 Chile ​ ​ 20,172 ​ ​ 14,900 Mongolia ​ 19,315 ​ 20,861 Other ​ 6,150 ​ 6,150 Total non-current assets ​ $ 1,246,424 ​ $ 1,230,981 ​

Changes in working capital

Changes in working capital	12 Months Ended
	Dec. 31, 2022
Changes in working capital
Changes in working capital	30. Changes in working capital ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 (Increase) decrease in amounts receivable ​ $ (4,828) ​ $ 2,380 Increase in other assets ​ — ​ 1,185 Decrease (Increase) in inventory 1 ​ 293 ​ (293) Decrease (Increase) in loans receivable ​ 1,126 ​ (3,872) (Decrease) Increase in amounts payable and other liabilities ​ 3,009 ​ 1,375 Change in working capital ​ $ (400) ​ $ 775 1. Excludes depletion.

Earnings per share - basic and

Earnings per share - basic and diluted	12 Months Ended
	Dec. 31, 2022
Earnings per share - basic and diluted
Earnings per share - basic and diluted	31. Earnings per share - basic and diluted ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Net earnings ​ $ 55,086 ​ $ 45,527 Weighted average shares outstanding ​ 155,950,659 ​ 148,025,464 Earnings per share - basic and diluted 1 ​ $ 0.35 ​ $ 0.31 1. The Company has no dilutive instruments for the year ended December 31, 2022 or earlier periods.

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2022
Subsequent events
Subsequent events	32. Subsequent events Acquisition of Maverix Metals Inc. On January 19, 2023, the Company acquired all of the issued and outstanding common shares of Maverix pursuant to the terms of an arrangement agreement dated November 9, 2022 (the “ Agreement

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2022
Summary of significant accounting policies
Consolidation principles	a. Consolidation principles The consolidated financial statements incorporate the financial statements of TF Precious Metals and its wholly owned subsidiaries: Triple Flag International Ltd. (“ TF International Subsidiaries are fully consolidated from the date on which the Company acquires control. Control is defined as an investor’s power over an investee with exposure, or rights, to variable returns from the investee and the ability to affect the investor’s returns through its power over the investee. Subsidiaries are included in the consolidated financial results of the Company from the effective date of acquisition up to the effective date of disposition or loss of control. The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. Balances, transactions, revenues and expenses between the parent and its subsidiaries are eliminated on consolidation. The principal subsidiaries of the Company and their geographic locations at December 31, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ Entity Location Ownership Triple Flag International Ltd. Bermuda 100 % TF R&S Canada Ltd. Canada 100 % TF Australia Holdings Ltd. Canada 100 % Triple Flag USA Royalties Ltd. United States 100 % ​
Foreign currency	b. Foreign currency The presentation and functional currency of the Company is the United States dollar (“ USD ● revenues are based on commodities that are actively traded and denominated in USD; ● the cash component of cost of sales is linked to commodity prices that are denominated in USD; ● the capital management strategy is aimed at keeping most of the Company’s cash balances in USD; ● capital is raised in USD; and ● investments are made predominantly in USD. Foreign currency transactions are translated into the entity’s functional currency using the exchange rate prevailing on the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the consolidated statements of income and comprehensive income. Non-monetary assets and liabilities arising from transactions denominated in foreign currencies are translated at the historical exchange rates prevailing at each transaction date.
Cash and cash equivalents	c. Cash and cash equivalents Cash and cash equivalents include cash on hand and short-term deposits with original maturities of 90 days or less that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.
Inventory	d. Inventory Precious metals delivered under a precious metal purchase and sale agreement and related interests are recorded as inventory on the date of delivery. The amount recognized as inventory comprises the ongoing cash payments made by the Company pursuant to the agreement, capitalized depletion associated with the respective metal delivered, as well as the fair value of metal delivered under the prepaid gold interest. Inventory is valued at the lower of cost and net realizable value and cost is determined on the first-in first-out basis.
Mineral interests	e. Mineral interests General Mineral interests represent stream agreements for which settlement is called for in the delivery of a percentage of production of precious metal from a mine and royalty agreements. The major categories of the Company’s interests are producing mines and development or exploration projects. Producing assets are those that generate revenue from operations for the Company or are expected to generate revenue within the next year. Development stage projects are those that are not yet producing, but where, in management’s view, the technical feasibility and commercial viability of extracting Mineral Resources are identifiable. Exploration stage assets represent interests on projects where the technical feasibility and commercial viability of extracting Mineral Resources are not demonstrable. Mineral interests for producing and development stage assets are recorded at cost and capitalized as tangible assets with finite lives in accordance with IAS 16, Property, Plant and Equipment Exploration for and Evaluation of Mineral Resources IFRS 6 The cost of the mineral interest comprises the purchase price and any costs directly attributable to acquiring the interest. In the event that an acquisition contains more than one commodity, the fair value of an allocation to each commodity is based on the discounted expected and modeled relative cash flows from each commodity in the stream arrangement over the life of the streams. The acquisition costs of recoverable resources which comprise Mineral Reserves and Mineral Resources, whereby Mineral Resources are expected to be converted to Mineral Reserves based on judgment and historical conversion rates achieved by the mine operator (‘‘ converted resources The Company uses the following criteria in its assessment of technical feasibility and commercial viability: ● Geology and Mineral Resources: assessment of the location, quantity, grade or quality, continuity and other geological characteristics of a mineral deposit, the basis of estimates and interpretations from specific geological evidence and knowledge, including sampling. ● Mineral Reserves: consideration of all relevant modifying factors pertinent to Mineral Resources to determine Mineral Reserves; these include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors. ● Technical studies: the status and extent of technical studies, specifically feasibility, preliminary feasibility and preliminary economic assessments, within the context of the foregoing. On acquisition of a mineral interest, an allocation of its fair value is attributed to the exploration potential of the mineral interest. The value associated with exploration potential is the value beyond proven and probable reserves and converted resources at acquisition, and is classified as non-depletable until such time as it is transferred to the depletable category. Updated Mineral Resources and Mineral Reserves information obtained from the operators of the properties is used to assess the amount to be converted from non-depletable interest to depletable interest. If the cost of a mineral interest includes any contingent consideration, the contingent consideration is measured at fair value on the date of the acquisition and included in the cost of the mineral interest. Subsequent changes in fair value of the contingent consideration are recorded against the cost of the mineral interest acquired. Depletion Mineral interests in producing mines are depleted based on deliveries of precious metal under the stream agreement or payment of royalties under royalty agreements over the Company’s attributable share of total estimated recoverable resources to be produced at the mine. The life of the mineral properties is estimated using life of mine (“ LOM Depletion for development and exploration stage projects does not begin until revenue generating activities begin. Impairment Management assesses at the end of each reporting period whether there are any indicators that the carrying value of mineral interests may not be recoverable or that an impairment loss previously recognized should be reversed or partially reversed (together, impairment indicators). If impairment indicators exist, management shall estimate the recoverable amount of the asset. Management applies significant judgment in assessing whether impairment indicators exist. These include, among others, significant adverse changes to: (i) cost considerations, (ii) current and forecasted commodity prices, (iii) industry or economic trends, and (iv) relevant operators’ information. The carrying values of mineral interests are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. Management considers each precious metal purchase and sale agreement or royalty agreement to be a separate cash generating unit (“ CGU Impairment of Assets Where impairment indicators are identified, an asset’s carrying amount is written down to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. The recoverable amount of the asset is the greater of its fair value less cost of disposal (“ FVLCD VIU An impairment charge is reversed if there is an indication that an impairment charge recognized in prior periods may no longer exist or may have decreased since the impairment charge was recognized. Impairment charges can be reversed only to the extent that the recoverable amount exceeds the carrying amount that would have been determined had no impairment been recognized previously. Exploration stage projects are assessed for impairment whenever indicators of impairment exist in accordance with IFRS 6. An impairment loss is recognized when the asset’s carrying value exceeds its recoverable amount, which is the higher of FVLCD and VIU. When exploration stage projects are reclassified to either development stage or producing stage, the project is tested for impairment. Any resulting impairment charge is recognized in the consolidated statements of income and comprehensive income.
Property and equipment	f. Property and equipment Property and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of an asset. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefit associated with the item will flow to the Company and the cost can be measured reliably. The carrying amount of a replaced asset is derecognized when replaced. Depreciation is calculated to amortize the cost of the property and equipment less their residual values over their estimated useful lives using the straight-line method and over the following periods by major categories: ​ ​ ​ Leasehold improvements Lease term Furniture and office equipment ​ 3 – 5 years ​ Right-of-use asset ​ Lease term ​ ​ Residual values, method of depreciation and useful lives of the assets are reviewed annually and adjusted if appropriate. Gains and losses on disposals of property and equipment are determined by comparing the proceeds with the carrying amount of the asset, and are included as part of other gains (losses) in the consolidated statements of income and comprehensive income.
Intangibles	g. Intangibles Intangibles comprise the initial software and configuration cost of the Company’s enterprise resource planning system. Definite-lived intangible assets acquired separately are initially recognized at cost. The cost of assets acquired separately includes directly attributable costs to bring the asset to its intended use. Subsequent to initial recognition, the intangible asset is carried at cost less accumulated amortization and accumulated impairment losses. The amortization of computer software is recorded on a straight-line basis over an estimated useful life of five years.
Borrowing costs	h. Borrowing costs General and specific borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are capitalized during the period of time that is required to complete and prepare the asset for its intended use or sale. Qualifying assets are assets that necessarily take a substantial period of time to prepare for their intended use or sale. As of December 31, 2022 and 2021, the Company has not identified any qualifying assets. Other borrowing costs are expensed in the period in which they are incurred.
Income taxes	i. Income taxes Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in the consolidated statements of income and comprehensive income except to the extent that they relate to a business combination, or items recognized directly in equity. Current tax is the expected tax payable or receivable on the taxable income or loss for the period, using tax rates enacted or substantively enacted at the reporting date. Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for: ● temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; and ● temporary differences related to investments in subsidiaries, associates and jointly controlled entities to the extent that the Company is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and tax assets, and they relate to taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.
Revenue from contracts with customers	j. Revenue from contracts with customers Revenue comprises revenues from the sale of commodities received and revenues directly earned from royalty, stream and other related interests. Revenue is measured at the fair value of the consideration received or receivable for the sale of precious metals and/or receipt of mineral royalties in the ordinary course of the Company’s activities. For streaming interests, gold, silver and diamonds acquired from the mine operator under stream arrangements are sold by the Company to external customers through a third-party broker. The Company recognizes revenue from these sales when control over the commodity transfers to the customer. The Company transfers control over the commodity on the date the commodity is delivered to the customer’s account, which is the date that title to the commodity and the risks and rewards of ownership transfer to the customer and the customer is able to direct the use of and obtain substantially all of the benefits from the commodity. The transaction price for these sales is fixed at the delivery date based on the spot price for the commodity, and payment of the transaction price is generally due immediately when control has been transferred. For royalty interests, commodities are either sold by the mine operator to its customers under contracts that are established for the mining property on which the royalty interest is held, or revenue is generated through other related royalty interests. The Company recognizes revenue from these sales when control over the commodity transfers from the mine operator to its customer. The transfer of control occurs when the mine operator delivers the commodity to the customer, and at that point, the risk and rewards of ownership transfer to the customer and the Company has an unconditional right to payment under the royalty agreement. Revenue from the royalty arrangement is measured at the transaction price agreed in the royalty arrangement with the operator of each mining property. The transaction price is the percentage of gross revenues associated with the commodity sold less contractually allowable costs, if any, per the terms of the royalty arrangement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of revenue and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known.
Cost of sales excluding depletion	k. Cost of sales excluding depletion Cost of sales excluding depletion is recorded at the price paid to the operator under the relevant purchase agreement, as well as at the fair value of inventory delivered under the prepaid gold interest.
Financial instruments	l. Financial instruments Initial recognition and measurement Financial assets and financial liabilities are recognized on the Company’s consolidated balance sheets when the Company has become a party to the contractual provisions of the instrument. Financial instruments are recognized initially at fair value. After initial recognition, non-derivative financial instruments are classified and measured as described below. Transaction costs associated with financial instruments are amortized over the term of the instrument. Classification and subsequent measurement Financial assets On initial recognition, a financial asset is classified as measured at: amortized cost; fair value through other comprehensive income (“ FVOCI FVTPL Financial assets are not reclassified subsequent to their initial recognition, except if and in the period the Company changes its business model for managing financial assets. a) Debt instrument A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as FVTPL: ● the asset is held within a business model whose objective is to hold assets to collect contractual cash flows; and ● the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Interest income, foreign currency translation gains and losses and impairment are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. Financial assets measured at amortized cost include cash and cash equivalents, amounts receivable (excluding sales taxes and prepayments) and notes receivable (included in other assets). Receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. They are all due for settlement within 45 days and are therefore classified as current. Amounts receivable are recognized initially at the amount of consideration that is unconditional, unless they contain significant financing components, in which case they are recognized at fair value. The Company holds the receivables with the objective of collecting the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest method. Financial assets that are held for collection of contractual cash flows (where the contractual cash flows represent solely payments of principal and interest) and for sale, are measured at FVOCI. Financial assets that do not meet the criteria for amortized cost or FVOCI are measured at FVTPL. b) The Company purchases certain estimated amounts of gold by providing an initial deposit that is recorded as a prepaid gold interest. The prepaid gold interest meets the definition of a financial asset in accordance with financial instrument standards and is classified as FVTPL. The prepaid gold interest is measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of net income. Prepaid gold deliveries are recorded in inventory at the fair value of the gold on the delivery date. At the time such gold inventory is sold, the amounts recognized in inventory are recorded as cost of sales. c) Equity instrument The Company measures all equity instruments at FVTPL. Changes in the fair value of financial assets at FVTPL are recognized in “Increase (decrease) in fair value of investments” in the statements of income and comprehensive income. Equity instruments include equity investment and warrants. Financial liabilities On initial recognition, a financial liability is classified as measured at amortized cost or FVTPL. Financial liabilities are not reclassified subsequent to their initial recognition, except if and in the period the Company changes its business model for managing financial liabilities. Amounts payable and other liabilities, lease obligation and long-term debt are accounted for at amortized cost. Impairment The Company recognizes loss allowances for expected credit losses (“ ECLs The Company applies the simplified approach permitted by IFRS 9 , Financial Instruments IFRS 9 Receivables are written off where there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, among others, the failure of a debtor to engage in a repayment plan with the group, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on receivables are presented as net impairment losses within operating income. Subsequent recoveries of amounts previously written off are credited against the same line item. Derecognition Financial assets The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. Financial liabilities The Company derecognizes a financial liability when its contractual obligations are discharged, canceled or expire. The Company also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different. In this case, a new financial liability based on the modified terms is recognized at fair value. The difference between the carrying amount of the financial liability extinguished and the new financial liability with modified terms is recognized in profit or loss.
Derivative instruments and hedge accounting	m. Derivative instruments and hedge accounting Derivative instruments are recorded at fair value on the balance sheet, classified based on contractual maturity. Derivative instruments are classified as hedges of fair value of recognized assets or liabilities or firm commitments (“ fair value hedges cash flow hedges Cash flow hedges Derivatives designated as a cash flow hedge that are expected to be highly effective in achieving offsetting changes in cash flows are assessed on an ongoing basis to determine that they actually have been highly effective throughout the financial reporting periods for which they were designated. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income (“ OCI
Related party transactions	n. Related party transactions Parties are considered related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered related if they are subject to common control. A transaction is considered a related party transaction when there is a transfer of resources or obligations between related parties.
Earnings per share	o. Earnings per share Earnings per share is calculated by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if additional common shares are assumed to be issued that entitle their holders to obtain common shares in the future. For stock options, the number of additional shares for inclusion in diluted earnings per share calculations is determined using the treasury stock method. Under this method, stock options, whose exercise price is less than the average market price of the common shares, are assumed to be exercised and the proceeds are used to repurchase common shares at the average market price for the period. The incremental number of common shares issued under stock options and repurchased from proceeds is included in the calculation of diluted earnings per share. The Company had no dilutive instruments for the years ended December 31, 2022 and 2021. In the event of a share consolidation or share split, the calculation of basic and diluted earnings per share is adjusted retrospectively for all periods presented.
Segment reporting	p. Segment reporting The Company’s business is organized and reported as a single operating segment, consisting of acquiring and managing precious metals and other high-quality streams and royalties. The Company’s chief operating decision-maker, the Chief Executive Officer (“CEO”), makes capital allocation decisions, reviews operating results and assesses performance.
Share-based payments	q. Share-based payments The Company offers equity-settled (Stock Option Plan (“ SOP RSUs DSUs Equity-settled awards are measured at fair value using the Black-Scholes model with market-related inputs as of the date of the grant. The cost is recorded over the vesting period of the award and recorded in general administration costs with the corresponding entry recorded in equity. Equity-settled awards are not re-measured subsequent to the initial grant date. The Company uses the accelerated method (also referred to as ‘graded’ vesting) for attributing stock option expense over the vesting period. Stock option expense incorporates an expected forfeiture rate which is estimated based on a number of factors, including historical forfeiture rates and expectations of future forfeiture rates. The Company make adjustments if the actual forfeiture rate differs from the expected rate. Cash-settled awards are measured at fair value initially using the market value of the underlying shares at the date of the grant of the award and are required to be re-measured to fair value at each reporting date until settlement. The cost is then recorded over the vesting period of the award. This expense, and any changes in the fair value of the award, is recorded in general administration costs. The cost of cash-settled awards is recorded within liabilities until settled. Stock option plan Under the Company’s SOP, certain employees and officers may purchase common shares at an exercise price determined by the Board, which may not be less than the fair market value of a common share (being the volume weighted average trading price of the common shares on the Toronto Stock Exchange (“ TSX Restricted share units Under the Company’s RSU plan, certain employees and officers are granted RSUs where each RSU has a value equal to one common share. The RSUs have a 36-month Deferred share units Under the Company’s DSU plan, Directors must receive a specified portion of their basic annual retainer in the form of DSUs, with the option to elect to receive all of their annual retainer in the form of DSUs. Each DSU has the same value as one common share of Triple Flag. DSUs must be retained until the Director leaves the Board. Following an eligible Director ceasing to hold all positions with the Company, the Director will receive a payment in cash at the fair market value of the common shares represented by his or her DSUs on the Director’s elected redemption date. Additional DSUs are credited to reflect dividends paid on common shares. A liability for DSUs is measured at fair value on the grant date and is subsequently adjusted for changes in fair value. The liability is recognized on a straight-line basis over the vesting period, with a corresponding charge to employee costs, as a component of general administration costs.
Sustainability initiatives	r. Sustainability initiatives Sustainability initiatives represent costs the Company incurs on various Environmental, Social and Governance (“ ESG

Summary of significant accoun_3

Summary of significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2022
Summary of significant accounting policies
Schedule of principal subsidiaries of the Company and their geographic locations	The principal subsidiaries of the Company and their geographic locations at December 31, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ Entity Location Ownership Triple Flag International Ltd. Bermuda 100 % TF R&S Canada Ltd. Canada 100 % TF Australia Holdings Ltd. Canada 100 % Triple Flag USA Royalties Ltd. United States 100 % ​
Schedule of estimated useful lives of the property and equipment	​ ​ ​ Leasehold improvements Lease term Furniture and office equipment ​ 3 – 5 years ​ Right-of-use asset ​ Lease term ​ ​

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents.
Schedule of components of cash and cash equivalents	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Bank balances ​ $ 34,748 ​ $ 17,661 Short-term deposits ​ 36,350 ​ 23,011 Total cash and cash equivalents ​ $ 71,098 ​ $ 40,672 ​

Amounts receivable and prepay_2

Amounts receivable and prepayments (Tables)	12 Months Ended
	Dec. 31, 2022
Amounts receivable and prepayments
Schedule of amounts receivable and prepayments	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Royalties receivable ​ $ 7,510 ​ $ 6,313 Prepayments ​ 1,306 ​ 637 Other receivable ​ ​ 551 ​ ​ — Sales tax recoverable ​ 236 ​ 74 Total amounts receivable and prepayments ​ $ 9,603 ​ $ 7,024 ​

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory
Schedule of inventory	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Gold credits 1 ​ $ — ​ $ 938 Silver credits 2 ​ — ​ 434 Total inventory ​ $ — ​ $ 1,372 1. Represents nil oz of gold (2021: 1,188 oz) and includes depletion of $ nil at December 31, 2022 (2021: $727 ). 2. Represents nil oz of silver (2021: 34,194 oz) and includes depletion of $ nil at December 31, 2022 (2021: $352 ).

Loans receivable (Tables)

Loans receivable (Tables)	12 Months Ended
	Dec. 31, 2022
Loans receivable
Schedule of loans receivable	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Bridge Financing - Stornoway Diamonds 1 ​ $ 11,096 ​ $ 8,561 Working Capital Facility - Stornoway Diamonds 2 ​ — ​ 1,127 Total loans receivable ​ $ 11,096 ​ $ 9,688 1. Represents a receivable under a bridge financing facility provided by certain secured lenders, including the Company, in June 2019 to Stornoway and certain of its subsidiaries. The loan bears interest at 8.25 % per annum, which is calculated and compounded monthly and is capitalized until repayment. The increase in the loan balance during the year ended December 31, 2022 represents additional funding and interest accrued on the loan. The loan has been extended to December 31, 2025 and has been reclassified to non-current. Refer to Note 6f for additional details. 2. Represents working capital financing initially provided to Stornoway in 2019. The loan was fully repaid on April 29, 2022.

Other financial assets (Tables)

Other financial assets (Tables)	12 Months Ended
	Dec. 31, 2022
Other financial assets
Schedule of other financial assets	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Investments ​ $ 5,372 ​ $ 13,672 Prepaid gold interest ​ ​ 4,534 ​ ​ — Total other financial assets ​ $ 9,906 ​ $ 13,672

Mineral interests (Tables)

Mineral interests (Tables)	12 Months Ended
	Dec. 31, 2022
Mineral interests
Schedule of mineral interests	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mineral ​ ​ ​ ​ December 31, 2022 ​ Streams ​ Royalties ​ Total 1 Cost ​ ​ ​ As at January 1, 2022 ​ $ 1,277,091 ​ $ 234,476 ​ $ 1,511,567 Additions 2 ​ 4,163 ​ 53,782 ​ 57,945 Disposals 3 ​ ​ — ​ ​ (2,401) ​ ​ (2,401) As at December 31, 2022 ​ $ 1,281,254 ​ $ 285,857 ​ $ 1,567,111 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depletion and impairments ​ ​ ​ As at January 1, 2022 ​ $ (244,506) ​ $ (41,828) ​ $ (286,334) Depletion ​ (39,589) ​ (9,417) ​ (49,006) Impairment charges 4 ​ ​ — ​ ​ (3,600) ​ ​ (3,600) As at December 31, 2022 ​ $ (284,095) ​ $ (54,845) ​ $ (338,940) Carrying value ​ $ 997,159 ​ $ 231,012 ​ $ 1,228,171 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mineral ​ ​ ​ ​ December 31, 2021 ​ Streams ​ Royalties ​ Total 1 Cost ​ ​ ​ As at January 1, 2021 ​ $ 1,276,549 ​ $ 183,755 ​ $ 1,460,304 Additions 5 ​ 542 ​ 50,721 ​ 51,263 As at December 31, 2021 ​ $ 1,277,091 ​ $ 234,476 ​ $ 1,511,567 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depletion and impairments ​ ​ ​ As at January 1, 2021 ​ $ (200,060) ​ $ (31,524) ​ $ (231,584) Depletion ​ (44,446) ​ (10,304) ​ (54,750) As at December 31, 2021 ​ $ (244,506) ​ $ (41,828) ​ $ (286,334) Carrying value ​ $ 1,032,585 ​ $ 192,648 ​ $ 1,225,233 1. Includes $1,036,220 (2021: $1,081,063 ) of depletable mineral interest and $191,951 (2021: $144,170 ) of non-depletable mineral interest. 2. Reflects NCU Royalty and Stream amendment, acquisition of Clean Air Metals royalty, Beaufor royalty, and Sofia royalty. Transaction costs incurred to date have been capitalized. See note 6 for further details. 3. Reflects Talon royalty buy-down which resulted in a gain of $2,099 . See note 6h for further details. 4. Reflects impairment charge taken for the Beaufor royalty. See note 13 for further details. 5. Reflects acquisition of IAMGOLD royalty portfolio and Nevada Copper Stream reinvestment funding.

Other assets (Tables)

Other assets (Tables)	12 Months Ended
	Dec. 31, 2022
Other assets
Schedule of other assets	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Deferred charges – Credit Facility 1 ​ $ 2,445 ​ $ 1,805 Right-of-use asset 2 ​ 1,811 ​ 929 Leasehold improvements and other ​ 291 ​ 417 Total other assets ​ $ 4,547 ​ $ 3,151 1. Represents costs associated with issuance and amendment of the Credit Facility. These costs are being amortized over the life of the Credit Facility. 2. Represents the asset recognized upon IFRS 16. It relates to a seven-year lease entered into by the Company for a term which commenced on October 1, 2018, further extended to December 31, 2029, and is being amortized over the remaining life of the lease.

Amounts payable and other lia_2

Amounts payable and other liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Amounts payable and other liabilities
Schedule of amounts payable and other liabilities	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Accrued liabilities 1 ​ $ 9,363 ​ $ 3,223 Amounts payable ​ 1,027 ​ 147 Accrued interest 2 ​ 496 ​ 496 Share-based payments (Note 22) ​ 434 ​ — Total amounts payable and other liabilities ​ $ 11,320 ​ $ 3,866 1. Accrued liabilities include accruals for annual short-term incentive and services performed, both of which are expected to be paid subsequent to year-end. 2. Accrued interest represents standby charges accrued on the Credit Facility.

Lease obligation (Tables)

Lease obligation (Tables)	12 Months Ended
	Dec. 31, 2022
Lease obligation
Schedule of lease obligation	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 At January 1 ​ $ 1,127 ​ $ 1,378 Lease extension 1 ​ ​ 1,130 ​ ​ — Repayments ​ (359) ​ (258) Foreign exchange difference ​ 19 ​ 7 At December 31 ​ $ 1,917 ​ $ 1,127 ​ ​ ​ ​ ​ ​ ​ Lease obligation - current ​ $ 277 ​ $ 270 Lease obligation - non-current ​ 1,640 ​ 857 At December 31 ​ $ 1,917 ​ $ 1,127 ​ ​ 1. The seven-year lease was entered into by the Company for a term which commenced on October 1, 2018, further extended to December 31, 2029, and is being amortized over the remaining life of the lease.

Long-term debt (Tables)

Long-term debt (Tables)	12 Months Ended
	Dec. 31, 2022
Long-term debt
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Long-term debt – beginning of year ​ $ — ​ $ 275,000 Revolving Credit Facility drawdown ​ — ​ 44,000 Repayments ​ — ​ (319,000) Long-term debt ​ $ — ​ $ — ​

Operating Expenses by Nature (T

Operating Expenses by Nature (Tables)	12 Months Ended
	Dec. 31, 2022
Operating Expenses by Nature
Schedule of operating expenses by nature	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Employee costs 2,3 ​ $ 11,890 ​ $ 8,401 Office, insurance and other expenses ​ 4,113 ​ 2,352 Professional services 3 ​ 2,115 ​ 1,832 Amortization ​ 374 ​ 399 Total operating expenses ​ $ 18,492 ​ $ 12,984 ​ 1. Includes general administration costs and business development costs. 2. Includes share-based compensation expense of $ 5,054 (2021: $ 2,337 ). 3. Certain costs have been presented within business development costs due to their nature.

Finance costs, net (Tables)

Finance costs, net (Tables)	12 Months Ended
	Dec. 31, 2022
Finance costs, net
Schedule of finance costs, net	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Interest expense - long-term debt ​ $ 3,217 ​ $ 6,342 Interest expense - lease obligation ​ 95 ​ 81 Interest income - other ​ (1,899) ​ (750) Total finance costs, net ​ $ 1,413 ​ $ 5,673

Commitments and contingencies (

Commitments and contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and contingencies
Schedule of company's commitments to make per unit cash payments for metal to which it has the contractual right pursuant to the metal purchase and sale agreement	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Attributable ​ ​ ​ ​ ​ ​ ​ ​ volume ​ ​ ​ ​ Mineral interest ​ Commodity ​ Inception date ​ purchased ​ Per unit cash payment ​ Term Cerro Lindo Silver Dec. 20, 2016 65 % (1) 10% of monthly average Life of mine Altan Tsagaan Ovoo Gold Aug. 11, 2017 25 % (2) 17% of spot Life of mine Altan Tsagaan Ovoo Silver Aug. 11, 2017 50 % (3) 17% of spot Life of mine Renard Diamond Nov. 29, 2017 4 % Lesser of 40% of achieved sales price or $40 Life of mine Pumpkin Hollow Gold Dec. 21, 2017 97.5 % (4) 5% of spot Life of mine Pumpkin Hollow Silver Dec. 21, 2017 97.5 % (4) 5% of spot Life of mine Gunnison Copper Oct. 30, 2018 16.5 % (5) 25% of spot Life of mine Buriticá Silver Mar. 15, 2019 100 % (6) 5% of spot Life of mine RBPlat Gold Jan. 23, 2020 70 % (7) 5% of spot Life of mine Northparkes Gold Jul. 10, 2020 54 % (8) 10% of spot Life of mine Northparkes Silver Jul. 10, 2020 80 % (9) 10% of spot Life of mine 1. 65% of payable silver produced from Cerro Lindo until 19.5 million ounces have been delivered and 25% thereafter. 2. 25% of gold from ATO until 46,000 ounces of gold have been delivered and thereafter 25% of gold subject to an annual cap of 7,125 ounces. 3. 50% of silver from ATO until 375,000 ounces of silver have been delivered and thereafter 50% of silver subject to an annual cap of 59,315 ounces. 4. Streamed gold is to be based on a fixed gold-to-copper ratio (being 162.5 ounces of gold for each million pounds of payable copper over the life of the asset) multiplied by a 97.5% gold stream percentage and streamed silver is to be based on a fixed silver-to-copper ratio (being 3,131 ounces of silver for each million pounds of payable copper over the life of the asset) multiplied by a 97.5% silver stream percentage. 5. The stream percentage of refined copper produced from the Gunnison mine ranges from 3.5% to 16.5% depending on the Gunnison mine’s total production capacity, with the stream percentage starting at 16.5% and decreasing as the Gunnison project’s production capacity increases. Triple Flag has the option to increase its stream participation percentage by paying an additional deposit of an amount up to US $65 million. 6. The streamed silver is to be based on a fixed silver-to-gold ratio of 1.84 over the life of the asset. 7. 70% of payable gold produced until 261,000 ounces have been delivered and 42% thereafter. 8. 54% of payable gold produced until 630,000 ounces have been delivered and 27% thereafter. 9. 80% of payable silver produced until 9,000,000 ounces have been delivered and 40% thereafter.

Related party transactions (Tab

Related party transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Related party transactions
Schedule of compensation for key management personnel	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Salaries and short-term employee benefits 1 ​ $ 6,836 ​ $ 6,064 Share-based payments 2 ​ 5,054 ​ 2,337 ​ ​ $ 11,890 ​ $ 8,401 1. Includes salary, benefits and bonuses earned in the period. 2. Represents stock options, restricted share units, and deferred share units.

Stock-based compensation (Table

Stock-based compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Stock-based compensation
Schedule of Employee Stock Option Activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ Shares Average price Shares Average price At January 1 ​ 1,517,910 ​ $ 13 ​ — ​ $ — Granted ​ 1,514,861 ​ ​ 13 ​ 1,517,910 ​ 13 At December 31 ​ 3,032,771 ​ $ 13 ​ 1,517,910 ​ $ 13 ​
Schedule of Stock Options Outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Exercisable ​ ​ ​ Average Average life Intrinsic ​ Average Intrinsic Exercise price ​ Shares ​ price ​ (years) ​ value 1 ​ Shares ​ price ​ value 1 $ 13 3,032,771 $ 13 ​ 5.8 ​ $ 2,305 505,970 $ 13 385 1. Based on the closing market share price on December 31, 2022 of USD $ 13.76 .

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Taxes
Schedule of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Current income tax expense ​ $ 5,559 ​ $ 6,092 Deferred tax expense ​ ​ (770) ​ ​ 344 Income tax expense ​ $ 4,789 ​ $ 6,436 ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Tax expense related to continuing operations ​ ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ ​ Canada ​ $ — ​ $ — International ​ ​ 5,559 ​ ​ 6,092 ​ ​ ​ 5,559 ​ ​ 6,092 Deferred ​ ​ ​ ​ ​ ​ Canada ​ ​ (807) ​ ​ 289 International ​ ​ 37 ​ ​ 55 ​ ​ ​ (770) ​ ​ 344 Income tax expense ​ $ 4,789 ​ $ 6,436 ​
Schedule of reconciliation between income tax expense and the product of accounting profit multiplied by the Company's weighted average tax rate applicable to profits	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Earnings before income taxes ​ $ 59,875 ​ $ 51,963 ​ ​ ​ ​ ​ ​ ​ At 26.5% statutory rate ​ $ 15,867 ​ $ 13,770 Tax effects of: ​ ​ ​ ​ ​ ​ Income/expenses not taxed ​ ​ 1,105 ​ ​ (52) Adjustments in respect to prior year ​ ​ (392) ​ ​ 776 Temporary difference subject to Initial Recognition Exemption ​ ​ 668 ​ ​ 1,003 Differences in foreign statutory tax rates ​ ​ (12,901) ​ ​ (8,737) Impact of foreign exchange on deferred tax balance ​ ​ 368 ​ ​ (284) Other ​ ​ 74 ​ ​ (40) Income tax expense ​ $ 4,789 ​ $ 6,436 ​
Schedule of significant components of deferred income tax liabilities	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Deferred tax assets ​ ​ ​ ​ ​ ​ Non-capital loss carryforwards ​ $ 11,908 ​ $ 11,589 Stream and other assets ​ ​ 981 ​ ​ 252 ​ ​ ​ 12,888 ​ ​ 11,841 Deferred tax liabilities ​ ​ ​ ​ ​ ​ Royalties and other assets ​ ​ (11,763) ​ ​ (11,678) ​ ​ ​ 1,125 ​ ​ 163 Classification ​ ​ ​ ​ ​ ​ Non-current assets ​ ​ 2,610 ​ ​ 2,597 Non-current liabilities ​ ​ (1,485) ​ ​ (2,434) ​ ​ $ 1,125 ​ $ 163 ​
Schedule of movement in net deferred taxes	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Balance, beginning of the year ​ $ 163 ​ $ 595 Recognized in profit and loss ​ ​ 770 ​ ​ (344) Recognized in other comprehensive income ​ ​ — ​ ​ (88) Corporate Minimum Tax ​ ​ 192 ​ ​ — Balance, end of year ​ $ 1,125 ​ $ 163 ​
Schedule of non-capital loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year of Expiry 2039 2040 2041 ​ ​ 2042 ​ Total NCLs ​ $ 18,132 ​ $ 7,837 ​ $ 13,032 ​ $ 3,407 ​ $ 42,408

Shareholders' equity (Tables)

Shareholders' equity (Tables)	12 Months Ended
	Dec. 31, 2022
Shareholders' equity
Schedule of share capital	​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ common ​ ​ ​ ​ ​ shares ​ Share Capital Balance at December 31, 2020 135,903,392 ​ $ 1,009,151 Additional shares issued from Treasury 20,289,323 ​ 245,115 Normal course issuer bid purchase of common shares (155,978) ​ (1,253) Balance at December 31, 2021 156,036,737 ​ $ 1,253,013 Normal course issuer bid purchase of common shares (351,144) ​ (2,819) Balance at December 31, 2022 155,685,593 ​ $ 1,250,194 ​

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Financial instruments
Summary of financial assets and financial liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Financial ​ ​ ​ ​ ​ Assets ​ Liabilities ​ ​ ​ ​ ​ at amortized ​ at amortized As at December 31, 2022 ​ FVTPL ​ cost ​ cost Cash and cash equivalents ​ $ — ​ $ 71,098 ​ $ — Amounts receivable (excluding sales taxes and prepayments) ​ — ​ 8,061 ​ — Other financial assets ​ ​ 9,906 ​ ​ — ​ ​ — Loans receivable ​ — ​ 11,096 ​ — Amounts payable and other liabilities ​ — ​ — ​ 11,320 Total ​ $ 9,906 ​ $ 90,255 ​ $ 11,320 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Financial ​ ​ ​ ​ ​ Assets ​ Liabilities ​ ​ ​ ​ ​ at amortized ​ at amortized As at December 31, 2021 ​ FVTPL ​ cost ​ cost Cash and cash equivalents ​ $ — ​ $ 40,672 ​ $ — Amounts receivable (excluding sales taxes and prepayments) ​ — ​ 6,313 ​ — Other financial assets ​ ​ 13,672 ​ ​ — ​ ​ — Loans receivable ​ — ​ 9,688 ​ — Amounts payable and other liabilities ​ — ​ — ​ 3,866 Long-term debt ​ — ​ — ​ — Total ​ $ 13,672 ​ $ 56,673 ​ $ 3,866 ​

Financial risk exposure and r_2

Financial risk exposure and risk management (Tables)	12 Months Ended
	Dec. 31, 2022
Financial risk exposure and risk management
Summary of maturity analysis of the Company's financial liabilities, and contractual obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than one One to three After three As at December 31, 2022 ​ Total ​ year ​ years ​ years Amounts payable and other liabilities ​ $ 11,320 ​ $ 11,320 ​ $ — ​ $ — Lease obligation ​ 1,917 ​ 277 ​ 525 ​ 1,115 Total contractual obligations ​ $ 13,237 ​ $ 11,597 ​ $ 525 ​ $ 1,115 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than one One to three After three As at December 31, 2021 ​ Total ​ year ​ years ​ years Amounts payable and other liabilities ​ $ 4,730 ​ $ 4,730 ​ $ — ​ $ — Lease obligation ​ 1,127 ​ 270 ​ 609 ​ 248 Total contractual obligations ​ $ 5,857 ​ $ 5,000 ​ $ 609 ​ $ 248 ​

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue
Summary of total revenues	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Revenue from contracts with customers ​ ​ ​ ​ ​ ​ Streaming and related interests ​ ​ Silver ​ $ 61,051 ​ $ 68,777 Gold ​ 50,222 ​ 42,885 Other ​ 10,301 ​ 7,609 Royalty Interests ​ 28,705 ​ 31,150 Revenue - other ​ ​ 1,606 ​ ​ — Total revenues ​ $ 151,885 ​ $ 150,421 ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Revenue from contracts with customers ​ ​ ​ ​ ​ ​ Streaming and related interests ​ ​ Cerro Lindo ​ $ 46,742 ​ $ 55,140 Northparkes ​ 25,316 ​ 26,797 Altan Tsagaan Ovoo ​ 15,503 ​ 6,096 RBPlat ​ 13,817 ​ 14,564 Renard ​ 9,437 ​ 6,903 Buriticá ​ 9,150 ​ 7,922 Other ​ ​ 1,609 ​ ​ 1,849 ​ ​ $ 121,574 ​ $ 119,271 Royalty Interests ​ ​ Fosterville ​ $ 15,275 ​ $ 18,570 Young-Davidson ​ 5,602 ​ 5,067 Dargues ​ 4,218 ​ 3,121 Other ​ ​ 3,610 ​ ​ 4,392 ​ ​ $ 28,705 ​ $ 31,150 Revenue from contracts with customers ​ $ 150,279 ​ $ 150,421 Revenue - other ​ $ 1,606 ​ $ — Total revenues ​ $ 151,885 ​ $ 150,421

Segment disclosure (Tables)

Segment disclosure (Tables)	12 Months Ended
	Dec. 31, 2022
Segment disclosure
Summary of revenue and non-current assets by Geography	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Australia 1 ​ $ 47,482 ​ $ 51,325 Peru 2 ​ 46,742 ​ 55,140 Canada 3 ​ 17,582 ​ 13,525 Mongolia 2 ​ 15,503 ​ 6,096 South Africa 2 ​ 13,817 ​ 14,564 Colombia 2 ​ 9,150 ​ 7,922 United States 2 ​ 1,609 ​ 1,849 Total revenues ​ $ 151,885 ​ $ 150,421 1. Includes revenue from streams for the year ended December 31, 2022 of $25,316 (2021: $26,797 ) and revenues from royalties for the year ended December 31, 2022 of $22,166 (2021: $24,528 ). 2. All revenue from streams. 3. Includes revenue from streams for the year ended December 31, 2022 of $9,437 (2021: $6,903 ), revenues from royalties for the year ended December 31, 2022 of $6,539 (2021: $6,622 ) and other revenue of $1,606 (2021: $nil ). ​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 Australia ​ $ 572,988 ​ $ 587,208 United States ​ 200,457 ​ 172,902 Canada ​ 151,800 ​ 125,546 South Africa ​ 131,345 ​ 135,722 Peru ​ 95,620 ​ 116,974 Colombia ​ 48,577 ​ 50,718 Chile ​ ​ 20,172 ​ ​ 14,900 Mongolia ​ 19,315 ​ 20,861 Other ​ 6,150 ​ 6,150 Total non-current assets ​ $ 1,246,424 ​ $ 1,230,981

Changes in working capital (Tab

Changes in working capital (Tables)	12 Months Ended
	Dec. 31, 2022
Changes in working capital
Summary of changes in working capital	​ ​ ​ ​ ​ ​ ​ ​ As at December 31 2022 2021 (Increase) decrease in amounts receivable ​ $ (4,828) ​ $ 2,380 Increase in other assets ​ — ​ 1,185 Decrease (Increase) in inventory 1 ​ 293 ​ (293) Decrease (Increase) in loans receivable ​ 1,126 ​ (3,872) (Decrease) Increase in amounts payable and other liabilities ​ 3,009 ​ 1,375 Change in working capital ​ $ (400) ​ $ 775 1. Excludes depletion.

Earnings per share - basic an_2

Earnings per share - basic and diluted (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings per share - basic and diluted
Summary of earnings per share - basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31 2022 2021 Net earnings ​ $ 55,086 ​ $ 45,527 Weighted average shares outstanding ​ 155,950,659 ​ 148,025,464 Earnings per share - basic and diluted 1 ​ $ 0.35 ​ $ 0.31 1. The Company has no dilutive instruments for the year ended December 31, 2022 or earlier periods.

Summary of significant accoun_4

Summary of significant accounting policies - Principal subsidiaries of the Company (Details)	Dec. 31, 2022
Triple Flag International Ltd.
Principal subsidiaries of the Company
Ownership (in percent)	100%
TF R&S Canada Ltd.
Principal subsidiaries of the Company
Ownership (in percent)	100%
TF Australia Holdings Ltd.
Principal subsidiaries of the Company
Ownership (in percent)	100%
Triple Flag USA Royalties Ltd.
Principal subsidiaries of the Company
Ownership (in percent)	100%

Summary of significant accoun_5

Summary of significant accounting policies - Estimated useful lives of the property and equipment (Details) - Furniture and office equipment	12 Months Ended
	Dec. 31, 2022
Minimum
Property and equipment
Estimated useful life	3 years
Maximum
Property and equipment
Estimated useful life	5 years

Summary of significant accoun_6

Summary of significant accounting policies - Intangibles (Details)	12 Months Ended
	Dec. 31, 2022 D shares	Dec. 31, 2021 shares
Summary of significant accounting policies
Settlement period of current receivables	45 days
Number of dilutive instruments held	0	0
Number of trading days considered for determination of exercise price of stock options | D	5
Computer software
Summary of significant accounting policies
Estimated useful life	5 years
Stock option plan
Summary of significant accounting policies
Vesting period of awards	3 years
Expiration term of the awards	7 years
Restricted share units
Summary of significant accounting policies
Expiration term of the awards	36 months
Number of common shares that each award is equivalent to	1
Settlement period of awards	36 months
Deferred share units
Summary of significant accounting policies
Number of common shares that each award is equivalent to	1

Key developments (Details)

Key developments (Details) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Thousands, $ in Thousands

1 Months Ended

5 Months Ended

6 Months Ended

12 Months Ended

Dec. 19, 2022 CAD ($)

Dec. 13, 2022 USD ($) oz

Dec. 13, 2022 AUD ($) oz

Oct. 28, 2022 USD ($)

Oct. 27, 2022

Sep. 26, 2022 USD ($) oz

Sep. 22, 2022 USD ($)

Apr. 29, 2022 CAD ($)

Mar. 07, 2022 USD ($) shares

Mar. 07, 2022 CAD ($) shares

Feb. 15, 2022 USD ($)

Feb. 14, 2022

Feb. 04, 2022 CAD ($)

Dec. 21, 2021 USD ($)

Jun. 29, 2021 $ / shares shares

May 26, 2021 $ / shares shares

Oct. 31, 2021 shares

Mar. 31, 2019 USD ($)

Oct. 05, 2021 shares

Oct. 31, 2022 shares

Jun. 29, 2021 USD ($) $ / shares

Nov. 14, 2023 shares

Dec. 31, 2022 CAD ($)

Dec. 31, 2021 USD ($)

Dec. 22, 2022 $ / shares

Nov. 30, 2022 shares

Sep. 21, 2022 USD ($)

Dec. 22, 2021 $ / shares shares

Apr. 16, 2021 USD ($)

Mar. 26, 2021 USD ($) item

Jan. 12, 2021 USD ($) item

Key Developments

Number of shares authorized to be repurchased | shares

2,000,000

2,000,000

Number of shares authorized to be repurchased per day | shares

8,218

9,186

Percentage of average daily trading volume of the common shares that can be repurchased

25%

25%

Average daily trading volume of the common shares | shares

32,872

36,744

Proceeds from share issuance

$ 245,115

IPO

Key Developments

Number of treasury common shares issued | shares

19,230,770

Offering price per share | $ / shares

$ 13

Proceeds from share issuance

$ 245,115

Over-allotment option

Key Developments

Number of treasury common shares issued | shares

1,058,553

Offering price per share | $ / shares

$ 13

$ 13

Clean Air Metals NSR Royalty

Key Developments

Percentage of net smelter returns ("NSR") royalty acquired

2.50%

Consideration funded for acquisition of ("NSR") royalty.

$ 10,000

Consideration payable for acquisition of ("NSR") royalty.

$ 5,000

Period for payment of remaining amount

90 days

Maximum allowed percentage of the NSR royalty that can be bought down.

40%

Reduced percentage of net smelter returns ("NSR") royalty

1.50%

Payments for acquisition of net smelter returns ("NSR") royalty

$ 15,000

Payment to be received to reduce net smelter returns ("NSR") royalty

$ 10,500

Prieska GRR

Key Developments

Acquisition of gross revenue return ("GRR")

$ 10,000

Percentage of gross revenue from future production

0.80%

0.80%

Prieska Stream

Key Developments

Acquisition of gold and silver stream

$ 80,000

Initial amount of gold to be delivered in the stream agreement | oz

94,300

94,300

Initial amount of silver to be delivered in the stream agreement | oz

5,710,000

5,710,000

Reduced percentage of payable gold and silver for the remaining mine life

50%

50%

Percentage of spot gold price for each ounce of gold delivered as ongoing payments

10%

10%

Percentage of spot silver price for each ounce of silver delivered as ongoing payments

10%

10%

Pumpkin Hollow

Key Developments

Percentage of gold and silver stream

97.50%

Royalty rate

2%

0.70%

2%

Funding of restart financing package to support mine restart and ramp-up.

$ 30,000

Additional funding to increase net smelter returns ("NSR") royalty

26,192

Remaining funding for metal purchase and sale agreement

$ 3,808

Sofia Project

Key Developments

Percentage of net smelter returns ("NSR") royalty acquired

1%

1%

Transaction costs capitalised

$ 192

Percentage of additional NSR royalty

1%

1%

Payments for acquisition of net smelter returns ("NSR") royalty

$ 5,000

Beaufor royalty purchase agreement

Key Developments

Percentage of net smelter returns ("NSR") royalty acquired

2%

Additional funding to increase net smelter returns ("NSR") royalty

$ 4,500

Percentage of milestone-based stepdown in net smelter returns ("NSR") royalty

1%

Increased percentage of net smelter returns ("NSR") royalty

2.75%

Payments for acquisition of net smelter returns ("NSR") royalty

$ 6,750

Tamarack Project

Key Developments

Consideration to acquire royalty

$ 5,000

Chilean Royalty Portfolio

Key Developments

Percentage of net smelter returns ("NSR") royalty acquired

2%

Reduced percentage of net smelter returns ("NSR") royalty

1%

Transaction costs capitalised

$ 98

Payments for acquisition of net smelter returns ("NSR") royalty

$ 4,900

Aster 2

Key Developments

Percentage of net smelter returns ("NSR") royalty acquired

2%

Reduced percentage of net smelter returns ("NSR") royalty

1%

Payment to be received to reduce net smelter returns ("NSR") royalty

$ 2,000

Aster 3

Key Developments

Percentage of net smelter returns ("NSR") royalty acquired

2%

Reduced percentage of net smelter returns ("NSR") royalty

1%

Payment to be received to reduce net smelter returns ("NSR") royalty

$ 4,000

Helada

Key Developments

Percentage of net smelter returns ("NSR") royalty acquired

2%

Reduced percentage of net smelter returns ("NSR") royalty

1%

Payment to be received to reduce net smelter returns ("NSR") royalty

$ 4,000

IAMGOLD Royalty Portfolio

Key Developments

Transaction costs capitalised

$ 393

Number of royalties agreed to acquire | item

34

Aggregate acquisition price of royalties

$ 35,667

$ 45,667

Number of royalties acquired | item

33

Steppe Gold Prepaid Gold Interest

Key Developments

Payments to acquire financial assets

$ 4,800

Ounces of gold to be received | oz

3,000

Period to deliver gold

8 months

Gunnison

Key Developments

Number of common share purchase warrants held | shares

3,500,000

Exercise price of common share purchase warrants | $ / shares

$ 0.54

$ 1.50

Nevada Copper | Pumpkin Hollow

Key Developments

Maximum allowed percentage of the NSR royalty that can be bought down.

1.30%

Royalty rate

0.70%

Payments to reduce royalty rate

$ 33,000

Maximum period for buy down royalty

24 months

2673502 Ontario Inc. | Sofia Project

Key Developments

Number of shares acquired | shares

2,000,000

2,000,000

Payments for purchase of common shares

$ 3,000

2673502 Ontario Inc. | AndeX Minerals

Key Developments

Ownership (in percent)

96%

96%

AndeX Minerals | Sofia Project

Key Developments

Ownership percentage in project

100%

100%

Talon Nickel (USA) LLC | Tamarack Project

Key Developments

Royalty rate

1.85%

3.50%

Payments to reduce royalty rate

$ 4,500

Gain from reduction of net smelter returns ("NSR") royalty

$ 2,099

Payable gold | Prieska Stream

Key Developments

Initial percentage of mine production to be delivered

84%

84%

Required ounces per tonne of copper contained in concentrate | oz

0.359

0.359

Reference gold | Prieska Stream

Key Developments

Initial percentage of mine production to be delivered

84%

84%

Reference silver | Prieska Stream

Key Developments

Initial percentage of mine production to be delivered

84%

84%

Payable silver | Prieska Stream

Key Developments

Required ounces per tonne of copper contained in concentrate | oz

21.736

21.736

Revolving credit facility

Key Developments

Notional amount

$ 500,000

Extension in maturity term of borrowings

3 years

Uncommitted accordion amount

$ 200,000

$ 100,000

Working capital facility

700,000

Transaction costs capitalised

$ 1,844

Percentage of gross revenue from future production

3 years

Pumpkin Hollow Senior Credit Facility, Tranche 2

Key Developments

Notional amount

$ 25,000

Proceeds from credit facility

$ 5,000

Stornoway Working Capital Facility | Stornoway Diamonds (Canada) Inc

Key Developments

Working capital facility

$ 20,000

Stornoway Working Capital Facility | TF R&S Canada Limited

Key Developments

Proceeds from repayment of Stornoway Working Capital Facility

1,493

Working capital facility receivable maximum amount allowed

$ 2,600

Amount outstanding under Working Capital Facility to trigger quarterly stream payments

$ 0

Cash and cash equivalents (Deta

Cash and cash equivalents (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents.
Bank balances	$ 34,748	$ 17,661
Short-term deposits	36,350	23,011
Total cash and cash equivalents	$ 71,098	$ 40,672	$ 20,637
Money market investments, maximum maturity term	90 days

Amounts receivable and prepay_3

Amounts receivable and prepayments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Amounts receivable and prepayments
Royalties receivable	$ 7,510	$ 6,313
Prepayments	1,306	637
Other receivable	551
Sales tax recoverable	236	74
Total amounts receivable and prepayments	$ 9,603	$ 7,024
Royalties receivable, collectability period (in days)	45 days

Inventory (Details)

Inventory (Details)	Dec. 31, 2022 USD ($) oz	Dec. 31, 2021 USD ($) oz
Inventory
Gold credits		$ 938,000
Silver credits		434,000
Total inventory		1,372,000
Gold credits capitalised depletion included in inventories	$ 0	727
Silver credits capitalised depletion included in inventories	$ 0	$ 352
Quantity of gold (in oz) | oz	0	1,188
Quantity of silver (in oz) | oz	0	34,194

Loans receivable (Details)

Loans receivable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loans receivable
Total loans receivable	$ 11,096	$ 9,688
Interest rate on loans receivable (in percent)	8.25%
Bridge Financing - Stornoway Diamonds
Loans receivable
Total loans receivable	$ 11,096	8,561
Working Capital Facility - Stornoway Diamonds
Loans receivable
Total loans receivable		$ 1,127

Other financial assets - (Detai

Other financial assets - (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other financial assets
Investments	$ 5,372	$ 13,672
Prepaid gold interest	4,534
Total other financial assets	$ 9,906	$ 13,672

Other financial assets - Additi

Other financial assets - Additional information (Details) $ in Thousands		12 Months Ended
	Sep. 26, 2022 USD ($) oz	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Other financial assets
Loss due to changes in fair value of investments and prepaid gold interest		$ (4,066)	$ (10,786)
Financial assets at fair value through profit or loss
Other financial assets
Loss due to changes in fair value of investments and prepaid gold interest		$ 4,066	$ 10,786
Steppe Gold Prepaid Gold Interest
Other financial assets
Payments to acquire financial assets	$ 4,800
Ounces of gold to be received | oz	3,000
Period to deliver gold	8 months

Mineral interests (Details)

Mineral interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Mineral interests
As at beginning	$ 1,225,233
As at ending	1,228,171	$ 1,225,233
Depletable mineral interest	1,036,220	1,081,063
Non-depletable mineral interest	191,951	144,170
Gain on disposition of mineral interests	2,099
Cost
Mineral interests
As at beginning	1,511,567	1,460,304
Additions	57,945	51,263
Disposals	(2,401)
As at ending	1,567,111	1,511,567
Accumulated depletion and impairments
Mineral interests
As at beginning	(286,334)	(231,584)
Depletion	(49,006)	(54,750)
Impairment charges	(3,600)
As at ending	(338,940)	(286,334)
Mineral Streams
Mineral interests
As at beginning	1,032,585
As at ending	997,159	1,032,585
Mineral Streams | Cost
Mineral interests
As at beginning	1,277,091	1,276,549
Additions	4,163	542
As at ending	1,281,254	1,277,091
Mineral Streams | Accumulated depletion and impairments
Mineral interests
As at beginning	(244,506)	(200,060)
Depletion	(39,589)	(44,446)
As at ending	(284,095)	(244,506)
Royalties
Mineral interests
As at beginning	192,648
As at ending	231,012	192,648
Royalties | Cost
Mineral interests
As at beginning	234,476	183,755
Additions	53,782	50,721
Disposals	(2,401)
As at ending	285,857	234,476
Royalties | Accumulated depletion and impairments
Mineral interests
As at beginning	(41,828)	(31,524)
Depletion	(9,417)	(10,304)
Impairment charges	(3,600)
As at ending	$ (54,845)	$ (41,828)

Impairment of Streams, Royalt_2

Impairment of Streams, Royalties and other interests (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Impairment of Streams, Royalties and other interests
Impairment amount	$ 3,600
Beaufor royalty
Impairment of Streams, Royalties and other interests
Impairment amount	3,600
Estimated recoverable amount	$ 6,836
Discount rate (in percent)	5%
Increase in discount rate (in percent)	1%
Additional impairment charge due to increase in discount rate	$ 357

Other assets (Details)

Other assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other assets
Deferred charges - Credit Facility	$ 2,445	$ 1,805
Right-of-use asset	1,811	929
Leasehold improvements and other	291	417
Total other assets	$ 4,547	$ 3,151
Term of lease (in years)	7 years

Amounts payable and other lia_3

Amounts payable and other liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amounts payable and other liabilities
Accrued liabilities	$ 9,363	$ 3,223
Amounts payable	1,027	147
Accrued interest	496	496
Share-based payment	434
Total amounts payable and other liabilities	$ 11,320	$ 3,866

Lease obligation (Details)

Lease obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Lease obligation
At January 1	$ 1,127	$ 1,378
Lease extension	1,130
Repayments	(359)	(258)
Foreign exchange difference	19	7
At December 31	1,917	1,127
Lease obligation - current	277	270
Lease obligation - non-current	$ 1,640	$ 857
Term of lease	7 years

Long-term debt (Details)

Long-term debt (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Long-term debt
Long-term debt - beginning of year	$ 275,000
Revolving Credit Facility drawdown	44,000
Repayments	(319,000)
Long-term debt	$ 0

Long-term debt - Additional inf

Long-term debt - Additional information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Apr. 30, 2020
Long-term debt
Long-term debt	$ 0	$ 0	$ 275,000
Finance costs, net	3,217	6,342
Revolving credit facility
Long-term debt
Long-term debt		0
Finance costs, net	$ 3,217	$ 6,342
Revolving credit facility | Interest rate swap | Cash flow hedges
Long-term debt
Amount of Credit Facility hedged				$ 150,000
Revolving credit facility | Minimum
Long-term debt
Standby fees (in percent)	0.39%	0.39%
Revolving credit facility | Maximum
Long-term debt
Standby fees (in percent)	0.62%	0.62%
Revolving credit facility | Federal Funds Effective Rate
Long-term debt
Additional interest added to the base rate (in percent)	0.50%
Revolving credit facility | Base rate canada | Minimum
Long-term debt
Additional interest added to the base rate (in percent)	0.75%	0.75%
Revolving credit facility | Base rate canada | Maximum
Long-term debt
Additional interest added to the base rate (in percent)	1.75%	1.75%
Revolving credit facility | SOFR loan | Minimum
Long-term debt
Additional interest added to the base rate (in percent)	1.75%	1.75%
Revolving credit facility | SOFR loan | Maximum
Long-term debt
Additional interest added to the base rate (in percent)	2.75%	2.75%

Operating Expenses by Nature (D

Operating Expenses by Nature (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Expenses by Nature
Employee costs	$ 11,890	$ 8,401
Office, insurance and other expenses	4,113	2,352
Professional services	2,115	1,832
Amortization	374	399
Total operating expenses	18,492	12,984
Share-based compensation expense	$ 5,054	$ 2,337

Finance costs, net (Details)

Finance costs, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finance costs, net
Interest expense - long-term debt	$ 3,217	$ 6,342
Interest expense - lease obligation	95	81
Interest income - other	(1,899)	(750)
Total finance costs, net	$ 1,413	$ 5,673

Commitments and contingencies -

Commitments and contingencies - Commitments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) oz
Cerro Lindo | Silver
Commitments and contingencies
Attributable volume purchased (in percent)	65%
Per unit cash payment, as a percentage of monthly average	10%
Percentage of attributable volume purchased, until the specified ounces of commodity has been delivered	65%
Specified ounces of commodity to be delivered	19,500,000
Percentage of attributable volume purchased, after the specified ounces of commodity has been delivered	25%
Altan Tsagaan Ovoo | Silver
Commitments and contingencies
Attributable volume purchased (in percent)	50%
Per unit cash payment, as a percentage of spot	17%
Percentage of attributable volume purchased, until the specified ounces of commodity has been delivered	50%
Specified ounces of commodity to be delivered	375,000
Percentage of attributable volume purchased, after the specified ounces of commodity has been delivered	50%
Annual cap of ounces of commodity to be delivered	59,315
Altan Tsagaan Ovoo | Gold
Commitments and contingencies
Attributable volume purchased (in percent)	25%
Per unit cash payment, as a percentage of spot	17%
Percentage of attributable volume purchased, until the specified ounces of commodity has been delivered	25%
Specified ounces of commodity to be delivered	46,000
Percentage of attributable volume purchased, after the specified ounces of commodity has been delivered	25%
Annual cap of ounces of commodity to be delivered	7,125
Renard | Diamond
Commitments and contingencies
Attributable volume purchased (in percent)	4%
Per unit cash payment, as a percentage of achieved sales price	40%
Per unit cash payment, threshold maximum amount | $	$ 40
Pumpkin Hollow | Silver
Commitments and contingencies
Attributable volume purchased (in percent)	97.50%
Per unit cash payment, as a percentage of spot	5%
Fixed silver-to-copper ratio, Ounces of silver for each million pounds of payable copper	3,131
Pumpkin Hollow | Gold
Commitments and contingencies
Attributable volume purchased (in percent)	97.50%
Per unit cash payment, as a percentage of spot	5%
Fixed gold-to-copper ratio, Ounces of gold for each million pounds of payable copper	162.5
Gunnison | Copper
Commitments and contingencies
Attributable volume purchased (in percent)	16.50%
Per unit cash payment, as a percentage of spot	25%
Stream percentage of refined copper produced, minimum	3.50%
Stream percentage of refined copper produced, maximum	16.50%
Maximum additional deposit to be paid to increase stream participation percentage | $	$ 65,000
Buritica | Silver
Commitments and contingencies
Attributable volume purchased (in percent)	100%
Per unit cash payment, as a percentage of spot	5%
Fixed silver-to-gold ratio	1.84
RBPlat | Gold
Commitments and contingencies
Attributable volume purchased (in percent)	70%
Per unit cash payment, as a percentage of spot	5%
Percentage of attributable volume purchased, until the specified ounces of commodity has been delivered	70%
Specified ounces of commodity to be delivered	261,000
Percentage of attributable volume purchased, after the specified ounces of commodity has been delivered	42%
Northparkes | Silver
Commitments and contingencies
Attributable volume purchased (in percent)	80%
Per unit cash payment, as a percentage of spot	10%
Percentage of attributable volume purchased, until the specified ounces of commodity has been delivered	80%
Specified ounces of commodity to be delivered	9,000,000
Percentage of attributable volume purchased, after the specified ounces of commodity has been delivered	40%
Northparkes | Gold
Commitments and contingencies
Attributable volume purchased (in percent)	54%
Per unit cash payment, as a percentage of spot	10%
Percentage of attributable volume purchased, until the specified ounces of commodity has been delivered	54%
Specified ounces of commodity to be delivered	630,000
Percentage of attributable volume purchased, after the specified ounces of commodity has been delivered	27%

Commitments and contingencies_2

Commitments and contingencies - Additional Information (Details) $ in Thousands, $ in Thousands				12 Months Ended
	Dec. 19, 2022 CAD ($)	Oct. 28, 2022 USD ($)	May 16, 2018 USD ($) D Y payment installment oz	Dec. 31, 2022 USD ($) oz
Contingent liabilities related to kemess project
Commitments and contingencies
Upfront deposit amount			$ 45,000
Ongoing payment, as a percentage of average five-day silver market price			10%
Number of day's average of silver market price considered for ongoing payment determination | D			5
Percentage of payable silver produced at the mine, that the Company will receive			100%
Fixed ratio floor, in ounces of silver for each 1,000 pounds of copper produced | oz			5.5755
Upfront deposit, number of installments | installment			4
Upfront deposit, amount payable upon a construction decision			$ 10,000
Upfront deposit, amount payable on the first anniversary of the initial payment			$ 10,000
Upfront deposit, number of payments to be made on the following two anniversaries | payment			2
Upfront deposit, amount payable on the following two anniversaries			$ 12,500
Upfront deposit, number of anniversaries on which two payments are to be made | Y			2
Contingent liabilities related to Hemlo Royalty
Commitments and contingencies
Each specified ounces of gold in excess of threshold ounces, for which the company is required to make payments | oz				100,000
Threshold ounces of gold, in excess of which the company is required to make payments. | oz				675,000
Amount to be paid for each specified ounces of gold in excess of the threshold ounce of gold produced by the mine				$ 50
Amount incurred since acquisition of the royalty				$ 350
Contingent liabilities related to Eagle River Royalty
Commitments and contingencies
Each specified ounces of gold in excess of threshold ounces, for which the company is required to make payments | oz				50,000
Threshold ounces of gold, in excess of which the company is required to make payments. | oz				207,000
Amount to be paid for each specified ounces of gold in excess of the threshold ounce of gold produced by the mine				$ 50
Amount incurred since acquisition of the royalty				$ 350
Contingent liabilities related to Nevada Copper Stream Amendment and Acquisition of Royalties
Commitments and contingencies
Amount funded		$ 3,808
Percentage of net smelter returns ("NSR") royalty acquired		2%
Contingent payment that will be funded upon commencement of commercial production		$ 5,000
Contingent Liabilities Related to Clean Air Metals NSR Royalty
Commitments and contingencies
Percentage of net smelter returns ("NSR") royalty acquired	2.50%
Payments for acquisition of net smelter returns ("NSR") royalty	$ 15,000
Consideration funded for acquisition of ("NSR") royalty.	10,000
Consideration payable for acquisition of ("NSR") royalty.	$ 5,000
Period for payment of remaining amount	90 days

Related party transactions - Co

Related party transactions - Compensation for key management personnel (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related party transactions
Salaries and short-term employee benefits	$ 6,836	$ 6,064
Share-based payments	5,054	2,337
Compensation for key management personnel	$ 11,890	$ 8,401

Stock-based compensation - Stoc

Stock-based compensation - Stock options (Details) - Stock options $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($) Options	Dec. 31, 2022 Options	Dec. 31, 2022 $ / shares
Stock-based compensation
Vesting period of awards	3 years
Expiration term of the awards	7 years
Key assumptions
Outstanding, Shares	3,032,771	1,517,910	3,032,771
Outstanding, Exercise price | $ / shares				$ 13
Volatility	31%	31%
Expected dividend yield	1.50%	1.50%
Option life	4 years 6 months	4 years 6 months
Forfeiture rate	10%	10%
Risk-free rate	1.50%	0.50%
Vesting percentage	33.33%
Number of options available to be exercised	505,970	0	505,970
Number of options exercised	0
Operating expenses
Key assumptions
Compensation expense | $	$ 3,304	$ 1,311

Stock-based compensation - Empl

Stock-based compensation - Employee Stock Option Activity (Details) - Stock options	12 Months Ended
	Dec. 31, 2022 item	Dec. 31, 2022 Options	Dec. 31, 2022 $ / shares	Dec. 31, 2021 Options $ / shares
Shares
At January 1 | Options		1,517,910
Granted | Options		1,514,861		1,517,910
At December 31	3,032,771	3,032,771		1,517,910
Average price
At January 1			$ 13
Granted			13	$ 13
At December 31			$ 13	$ 13

Stock-based compensation - St_2

Stock-based compensation - Stock Options Outstanding (Details) - Stock options $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 item	Dec. 31, 2022 Options	Dec. 31, 2022 $ / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) Options $ / shares
Stock-based compensation
Outstanding, Exercise price			$ 13
Outstanding, Shares	3,032,771	3,032,771			1,517,910
Outstanding, Average price			13		$ 13
Outstanding, Average life (years)	5 years 9 months 18 days
Outstanding, Intrinsic value | $				$ 2,305
Number of options available to be exercised	505,970	505,970			0
Exercisable, Average price			13
Exercisable, Intrinsic value | $				385
Closing market share price			$ 13.76
Total unrecognized compensation cost relating to stock options | $				$ 2,445	$ 2,286
Unrecognized compensation expected to recognize over a weighted average period (in years)	8 months 12 days

Stock-based compensation - Rest

Stock-based compensation - Restricted share units (Details) - RSU	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) item
Stock-based compensation
Number of shares awarded	69,102	69,217
Stock-based compensation expense	$ 605,000	$ 162,000
Total unrecognized non-cash stock-based compensation expense relating to unvested RSUs granted	$ 1,048,000	669,000
Unrecognized non-cash stock-based compensation expected to recognize over a weighted average period (in years)	1 year 9 months 18 days
Value of the stock unit liability	$ 776,000	$ 162,000

Stock-based compensation - Defe

Stock-based compensation - Deferred share units (Details) - DSU $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) instrument shares	Dec. 31, 2021 USD ($) instrument
Stock-based compensation
Number of shares awarded | instrument	72,439	72,000
Number of shares available to be redeemed | shares	0
Decrease in the DSU liability	$ 97	$ 72
Value of the stock unit liability	1,999	864
Value of stock unit liability, current	$ 434	$ 0

Income Taxes - Income tax expen

Income Taxes - Income tax expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Current income tax expense	$ 5,559	$ 6,092
Deferred tax expense	(770)	344
Income tax expense	$ 4,789	$ 6,436

Income Taxes - Tax expense rela

Income Taxes - Tax expense related to continuing operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Current	$ 5,559	$ 6,092
Deferred	(770)	344
Income tax expense	4,789	6,436
Canada
Income Taxes
Deferred	(807)	289
International
Income Taxes
Current	5,559	6,092
Deferred	$ 37	$ 55

Income Taxes Reconciliation bet

Income Taxes Reconciliation between income tax expense and the product of accounting profit multiplied by the Company's weighted average tax rate applicable to profits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Earnings before income taxes	$ 59,875	$ 51,963
At 26.5% statutory rate	15,867	13,770
Tax effects of:
Income/expenses not taxed	1,105	(52)
Adjustments in respect to prior year	(392)	776
Temporary difference subject to Initial Recognition Exemption	668	1,003
Differences in foreign statutory tax rates	(12,901)	(8,737)
Impact of foreign exchange on deferred tax balance	368	(284)
Other	74	(40)
Income tax expense	$ 4,789	$ 6,436

Income Taxes - Deferred Income

Income Taxes - Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred Income Tax Assets and Liabilities
Deferred tax assets	$ 12,888	$ 11,841
Deferred tax liabilities	1,125	163
Non-current assets	2,610	2,597
Non-current liabilities	(1,485)	(2,434)
Deferred tax assets (liabilities)	1,125	163	$ 595
Non-capital loss carryforwards
Deferred Income Tax Assets and Liabilities
Deferred tax assets	11,908	11,589
Stream and other assets
Deferred Income Tax Assets and Liabilities
Deferred tax assets	981	252
Royalties and other assets
Deferred Income Tax Assets and Liabilities
Deferred tax liabilities	$ (11,763)	$ (11,678)

Income Taxes - Movement in Net

Income Taxes - Movement in Net Deferred Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Movement in Net Deferred Taxes
Balance, beginning of the year	$ 163	$ 595
Recognized in profit and loss	770	(344)
Recognized in other comprehensive income		(88)
Corporate Minimum Tax	192
Balance, end of the year	$ 1,125	$ 163

Income Taxes - Non-Capital Loss

Income Taxes - Non-Capital Losses (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Income Taxes
2039	$ 18,132
2040	7,837
2041	13,032
2042	3,407
Total	$ 42,408

Shareholders' equity - Share ca

Shareholders' equity - Share capital (Details)	Dec. 31, 2022 $ / shares shares
Shareholders' equity
Number of shares outstanding | shares	155,685,593
Par value | $ / shares	$ 0

Shareholders' equity - Share _2

Shareholders' equity - Share capital, tabular (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Number of common shares
Balance at ending (in shares)	155,685,593
Amount
Balance at beginning	$ 1,294,622	$ 1,018,943
Issuance of shares		245,115
Normal course issuer bid purchase of common shares	(4,127)	(1,679)
Balance at ending	$ 1,318,479	$ 1,294,622
Issued capital
Number of common shares
Balance at beginning (in shares)	156,036,737	135,903,392
Additional shares issued from Treasury		20,289,323
Normal course issuer bid purchase of common shares (in shares)	(351,144)	(155,978)
Balance at ending (in shares)	155,685,593	156,036,737
Amount
Balance at beginning	$ 1,253,013	$ 1,009,151
Issuance of shares		245,115
Normal course issuer bid purchase of common shares	(2,819)	(1,253)
Balance at ending	$ 1,250,194	$ 1,253,013

Shareholders' equity - Share _3

Shareholders' equity - Share capital, narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Nov. 30, 2022	Jun. 30, 2021	Dec. 31, 2022	Dec. 31, 2021
Shareholders' equity
Aggregate subscription price				$ 245,115
Number of shares may acquire	2,000,000
Value of shares purchased			$ 4,127	$ 1,679
Share Capital
Shareholders' equity
Additional shares issued from Treasury				20,289,323
Aggregate subscription price				$ 245,115
Number of shares purchased			(351,144)	(155,978)
Value of shares purchased			$ 2,819	$ 1,253
IPO
Shareholders' equity
Number of shares issued		20,289,323
Gross proceeds		$ 263,761
Gross proceeds net of underwriter fees and various issue costs		245,115
Underwriter fees and various issue costs		$ 18,646

Shareholders' equity - Dividend

Shareholders' equity - Dividends (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Shareholders' equity
Dividends declared	$ 30,406	$ 14,838
Dividends paid	$ 30,406	$ 14,838
Number of shares issued from treasury	0

Financial instruments - Financi

Financial instruments - Financial assets and financial liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial instruments
FVTPL	$ 9,906	$ 13,672
Financial Assets at amortized cost	90,255	56,673
Financial Liabilities at amortized cost	11,320	3,866
Cash and cash equivalents
Financial instruments
Financial Assets at amortized cost	71,098	40,672
Amounts receivable (excluding sales taxes and prepayments)
Financial instruments
Financial Assets at amortized cost	8,061	6,313
Other financial assets
Financial instruments
FVTPL	9,906	13,672
Loans receivable
Financial instruments
Financial Assets at amortized cost	11,096	9,688
Amounts payable and other liabilities
Financial instruments
Financial Liabilities at amortized cost	$ 11,320	$ 3,866

Financial instruments - Derivat

Financial instruments - Derivative Financial Instruments (Details) - USD ($) $ in Thousands			12 Months Ended
	May 28, 2021	Apr. 30, 2020	Dec. 31, 2021
Financial instruments
Loss before tax on discontinued hedge accounting from AOCI	$ 297		$ 297
Loss, net of tax on discontinued hedge accounting from AOCI	218
Interest rate swap | Cash flow hedges | Revolving credit facility
Financial instruments
Amount of Credit Facility hedged		$ 150,000
Fixed interest rate		0.315%
Amount paid to terminate the swap	$ 297

Financial risk exposure and r_3

Financial risk exposure and risk management - Interest rate risk (Details) - Interest rate risk - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financial risk exposure and risk management
Percentage of reasonably possible increase in risk assumption	1%
Decrease in net income due to reasonably possible increase in risk assumption	$ 0	$ 353

Financial risk exposure and r_4

Financial risk exposure and risk management - Liquidity risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Maturity Analysis for Financial Liabilities
Amounts payable and other liabilities	$ 11,320	$ 4,730
Lease obligation	1,917	1,127
Total contractual obligations	13,237	5,857
Less than one year
Disclosure of Maturity Analysis for Financial Liabilities
Amounts payable and other liabilities	11,320	4,730
Lease obligation	277	270
Total contractual obligations	11,597	5,000
One to three years
Disclosure of Maturity Analysis for Financial Liabilities
Lease obligation	525	609
Total contractual obligations	525	609
After three years
Disclosure of Maturity Analysis for Financial Liabilities
Lease obligation	1,115	248
Total contractual obligations	$ 1,115	$ 248

Financial risk exposure and r_5

Financial risk exposure and risk management - Commodity price risk (Details) - Commodity price risk $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) item
Gold
Financial risk exposure and risk management
Percentage of reasonably possible increase in risk assumption	10%
Percentage of reasonably possible decrease in risk assumption	10%
Number of largest net revenue sources | item	2
Increase (decrease) in net income due to reasonably possible increase in risk assumption	$ 6,731
Increase (decrease) in net income due to reasonably possible decrease in risk assumption.	$ (6,399)
Silver
Financial risk exposure and risk management
Percentage of reasonably possible increase in risk assumption	10%
Percentage of reasonably possible decrease in risk assumption	10%
Number of largest net revenue sources | item	2
Increase (decrease) in net income due to reasonably possible increase in risk assumption	$ 5,538
Increase (decrease) in net income due to reasonably possible decrease in risk assumption.	$ (6,229)

Revenue - Total revenues (Detai

Revenue - Total revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue
Streaming Interests, Silver	$ 61,051	$ 68,777
Streaming Interests, Gold	50,222	42,885
Streaming Interests, Other	10,301	7,609
Royalty Interests	28,705	31,150
Revenue - other	1,606
Total revenues	$ 151,885	$ 150,421

Revenue - Stream and royalty in

Revenue - Stream and royalty interest revenues earned from mineral interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue
Revenue from streams	$ 121,574	$ 119,271
Revenues from royalties	28,705	31,150
Revenue from contracts with customers	150,279	150,421
Revenue - other	1,606
Total revenues	151,885	150,421
Cerro Lindo
Revenue
Revenue from streams	46,742	55,140
Northparkes
Revenue
Revenue from streams	25,316	26,797
Altan Tsagaan Ovoo
Revenue
Revenue from streams	15,503	6,096
RBPlat
Revenue
Revenue from streams	13,817	14,564
Renard
Revenue
Revenue from streams	9,437	6,903
Buritica
Revenue
Revenue from streams	9,150	7,922
Other
Revenue
Revenue from streams	1,609	1,849
Revenues from royalties	3,610	4,392
Fosterville
Revenue
Revenues from royalties	15,275	18,570
Young-Davidson
Revenue
Revenues from royalties	5,602	5,067
Dargues
Revenue
Revenues from royalties	$ 4,218	$ 3,121

Segment disclosure (Details)

Segment disclosure (Details)	12 Months Ended
	Dec. 31, 2022 segment
Segment disclosure
Number of operating segment	1

Segment disclosure - Revenue by

Segment disclosure - Revenue by Geography (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Segment disclosure
Revenue	$ 151,885	$ 150,421
Revenue from streams	121,574	119,271
Revenues from royalties	28,705	31,150
Other revenue	1,606
Australia
Segment disclosure
Revenue	47,482	51,325
Revenue from streams	25,316	26,797
Revenues from royalties	22,166	24,528
Peru
Segment disclosure
Revenue	46,742	55,140
Canada
Segment disclosure
Revenue	17,582	13,525
Revenue from streams	9,437	6,903
Revenues from royalties	6,539	6,622
Mongolia
Segment disclosure
Revenue	15,503	6,096
South Africa
Segment disclosure
Revenue	13,817	14,564
Colombia
Segment disclosure
Revenue	9,150	7,922
United States
Segment disclosure
Revenue	$ 1,609	$ 1,849

Segment disclosure - Non-curren

Segment disclosure - Non-current assets located in different jurisdictions (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Segment disclosure
Total non-current assets	$ 1,246,424	$ 1,230,981
Australia
Segment disclosure
Total non-current assets	572,988	587,208
United States
Segment disclosure
Total non-current assets	200,457	172,902
Canada
Segment disclosure
Total non-current assets	151,800	125,546
South Africa
Segment disclosure
Total non-current assets	131,345	135,722
Peru
Segment disclosure
Total non-current assets	95,620	116,974
Colombia
Segment disclosure
Total non-current assets	48,577	50,718
Chile
Segment disclosure
Total non-current assets	20,172	14,900
Mongolia
Segment disclosure
Total non-current assets	19,315	20,861
Other
Segment disclosure
Total non-current assets	$ 6,150	$ 6,150

Changes in working capital (Det

Changes in working capital (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Changes in working capital
(Increase) decrease in amounts receivable	$ (4,828)	$ 2,380
Increase in other assets		(1,185)
Decrease (Increase) in inventory	293	(293)
Decrease (Increase) in loans receivable	1,126	(3,872)
(Decrease) Increase in amounts payable and other liabilities	3,009	1,375
Change in working capital	$ (400)	$ 775

Earnings per share - basic an_3

Earnings per share - basic and diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Earnings per share - basic and diluted
Net earnings	$ 55,086	$ 45,527
Weighted average shares outstanding	155,950,659	148,025,464
Earnings per share - Basic	$ 0.35	$ 0.31
Earnings per share - Diluted	$ 0.35	$ 0.31
Dilutive instruments	0

Subsequent events - Acquisition

Subsequent events - Acquisition of Maverix Metals Inc. (Details) - Maverix Shareholders $ / shares in Units, $ in Thousands	Jan. 19, 2023 USD ($) $ / shares shares
Maximum
Subsequent events
Percentage of cash consideration on total consideration	15%
Major purchases of assets | Maverix Metals Inc [Member]
Subsequent events
Option to receive shares of acquirer per share | shares	0.36
Option to receive cash per share | $ / shares	$ 3.92
Cash paid	$ 86,666
Number of shares issued	45,097,390
Transaction costs	$ 5,665
Major purchases of assets | Maverix Metals Inc [Member] | Maximum
Subsequent events
Percentage of share consideration on total consideration	85%