NEW YORK, December 30, 2025, 12:14 ET — Regular session
- Triple Flag Precious Metals shares rose about 2% in late-morning trade, tracking a rebound in bullion.
- Gold steadied after a sharp Monday pullback, with investors focused on the Fed’s next signal on rates.
- Royalty and streaming peers also edged higher as year-end volatility kept precious metals in focus.
Triple Flag Precious Metals shares were up 1.9% at $33.76 by 11:58 a.m. ET on Tuesday, after trading between $33.16 and $34.57 earlier in the session.
The move matters now because precious-metals equities have been prone to sharp swings in thin year-end trading, as investors rebalance after an outsized run in bullion.
It also puts the spotlight back on companies whose cash generation is closely tied to gold and silver prices, as the market weighs whether this week’s volatility marks a pause or a change in tone.
Royalty and streaming firms like Triple Flag fund mine operators in exchange for a portion of future metal output or revenue, giving investors exposure to commodity prices without directly running mines.
Spot gold rose 0.9% to $4,369.59 an ounce by late morning after logging its biggest daily percentage loss since Oct. 21, as profit-taking hit the market, Reuters reported. “Things have stabilised somewhat today,” said Peter Grant, vice president and senior metals strategist at Zaner Metals, with traders also focused on the Federal Reserve’s December meeting minutes due later Tuesday and on expectations for rate cuts next year. Reuters
Lower interest rates tend to support gold because bullion does not pay interest, making it more competitive when yields fall.
For investors in Triple Flag, sharp day-to-day moves in gold and silver can quickly change how the market prices future royalty receipts, even if the underlying mines keep producing.
Other precious-metals “royalty” names moved in the same direction. Franco-Nevada, Wheaton Precious Metals and Royal Gold were all modestly higher in late-morning trade.
Triple Flag describes itself as a precious-metals streaming and royalty company, offering investors exposure mainly to gold and silver, with assets concentrated in the Americas and Australia.
The stock’s near-term read-through is straightforward: stronger bullion prices usually lift sentiment toward royalty companies, while sudden pullbacks can hit the group as investors de-risk.
Traders will be watching whether gold’s rebound holds after the Fed minutes, and whether the new year brings calmer liquidity or more price swings across metals and metals-linked equities.
