Toll Brothers Announces New Lake Las Vegas Community Now Open in Henderson, Nevada
Incanta Lago offers residents a private retreat featuring serene home sites, some with direct lake access, and exquisite home designs boasting modern open-concept floor plans and outdoor living space options perfect for entertaining. Home shoppers can personalize each home to suit their individual tastes, with options including flex spaces, rooftop terraces, multigenerational living suites, and storefront windows.
'Incanta Lago offers a unique blend of luxury and lifestyle with its stunning home designs and the vibrant amenities of Lake Las Vegas,' said Janet Love, Division President of Toll Brothers in Las Vegas. 'This community is perfect for those seeking a sophisticated and active lifestyle in a beautiful lakeside setting.'
Incanta Lago residents will enjoy access to an abundance of upscale shopping, fine dining, and recreational opportunities within Lake Las Vegas and the surrounding area. Championship golf at The Reflection Bay Golf Club, picturesque trails, and exciting water sport activities are just steps away.
Incanta Lago offers homes ranging from 2,488 to 3,293 square feet, with 3 to 4 bedrooms, up to 4.5 baths, and 2-car garages. Home prices start from the low $900,000s.
Toll Brothers customers will experience one-stop shopping at the state-of-the-art Toll Brothers Design Studio, where customers can choose from a wide array of selections to personalize their dream home with the assistance of a Toll Brothers professional Design Consultant.
For more information on Incanta Lago, prospective customers are invited to call (855) 700-8655 or visit TollBrothers.com/LasVegas.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.
Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license.
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14 hours ago
- National Post
Triple Flag Announces Record Operating Cash Flow Per Share in Q2 2025 and Increases Dividend
Article content TORONTO — Triple Flag Precious Metals Corp. (with its subsidiaries, 'Triple Flag' or the 'Company') (TSX: TFPM, NYSE: TFPM) announced its results for the second quarter of 2025 and declared a dividend of US$0.0575 per common share to be paid on September 15, 2025. Unless otherwise indicated, all amounts are expressed in US dollars. Article content 'Triple Flag generated record operating cash flow per share in the second quarter of 2025, and we remain firmly on track to deliver our 2025 guidance of 105,000 to 115,000 GEOs over the balance of the year,' Article content Article content commented Sheldon Vanderkooy, CEO. Article content 'We are also pleased to announce our fourth consecutive annual 5% increase to our quarterly dividend since our IPO in 2021. Early in July, we completed our acquisition of a 1.0% NSR royalty on the world-class Arthur gold project located in Nevada. Operated by a top-tier producer in AngloGold Ashanti plc, the project offers exceptional long-term growth potential, underpinned by a rapidly expanding resource base and significant exploration upside. We also acquired an additional 1.5% GR royalty over the Johnson Camp Mine in Arizona during the quarter, which is expected to commence first copper sales in the third quarter of 2025. Looking ahead, we are closely following the progress of several catalysts across our portfolio, including the commencement of production at Johnson Camp Mine, Arcata, and Tres Quebradas in the second half of 2025, as well as development progress with respect to the E48 sub-level cave at Northparkes and the Koné, Hope Bay and Arthur gold projects.' Article content Corporate Updates Article content 2025 GEOs Guidance and 2029 Outlook Maintained: Triple Flag remains on track to achieve its sales guidance for 2025 of 105,000 to 115,000 GEOs. Our 2029 outlook of 135,000 to 145,000 GEOs remains unchanged. Article content Quarterly Dividend Increased by 5%: Triple Flag's Board of Directors declared a quarterly cash dividend of US$0.0575 per common share to be paid on September 15, 2025, to the shareholders of record at the close of business on September 2, 2025. Triple Flag's forward annualized dividend is now US$0.23 per common share, an increase of 5% versus the previous annualized dividend of US$0.22 per common share. This represents the Company's fourth consecutive annual 5% increase of the quarterly dividend since its May 2021 IPO. Article content Arthur 1.0% NSR Royalty Acquisition: In July 2025, Triple Flag completed the previously announced acquisition of Orogen Royalties Inc. ('Orogen'). As part of this transaction, Triple Flag acquired Orogen's 1.0% net smelter returns ('NSR') royalty on the Arthur gold project (formerly the Expanded Silicon gold project) in Nevada being developed by AngloGold Ashanti plc ('AngloGold'). All of Orogen's assets and liabilities, other than the 1.0% NSR royalty on the Arthur gold project, were transferred into a new spin-off company that is led by Paddy Nicol, who was CEO of Orogen. Refer to Triple Flag's press release on July 9, 2025, Triple Flag Completes Acquisition of Orogen Royalties and its 1.0% NSR Royalty on the Arthur Gold Project in Nevada, for further details. Article content Johnson Camp Mine 1.5% GR Royalty Acquisition: On June 26, 2025, Triple Flag acquired a 1.5% gross revenue ('GR') royalty from Greenstone Excelsior Holdings L.P. on the Johnson Camp Mine ('JCM') in Arizona, operated by Gunnison Copper Corp. ('Gunnison'), for total cash consideration of $4.0 million. This royalty is in addition to the pre-existing 1.5% GR royalty which Triple Flag already owns on the Johnson Camp Mine. On May 15, 2024, Nuton LLC, a Rio Tinto venture, announced that it elected to proceed to Stage 2 of a two-stage work program on the use of copper heap leach technologies for primary sulphide mineralization at Gunnison's 100%-owned JCM in Arizona. Triple Flag now owns a 3.0% GR royalty on JCM, which is also within the coverage area of the Company's separate 3.5% to 16.5% copper stream on oxide material at the flagship Gunnison project. In July 2025, the operator announced that JCM began leaching copper with first copper sales expected in September 2025 from run-of-mine oxide ore using conventional leach technology. First copper using Nuton technology is expected by the end of 2025. Article content Team Addition: In July 2025, Steve Botts joined Triple Flag to lead our sustainability initiatives, focusing on investment due diligence and ongoing portfolio monitoring. Steve is a senior mining executive and consultant with over 35 years of international experience leading complex mining operations and projects across the Americas. As President of Santa Barbara Consultants, he advised clients on sustainability strategy, permitting, and project development. Previously, Steve has held senior leadership roles at SolGold, Aurífera Tres Cruces, Tahoe Resources, Marcobre, Minera Panamá, AngloGold, Rio Tinto, and Antamina, consistently driving value through operational excellence, stakeholder engagement, and ensuring strict compliance with international environmental and social standards. A fluent Spanish speaker and U.S. citizen with permanent residency in Peru, Steve holds a degree in General Studies from the University of Nevada at Reno, and a Master's in Environmental Policy and Management from the University of Denver. Article content Australia: Article content Northparkes (54% gold stream and 80% silver stream): Sales from Northparkes in Q2 2025 were a record 9,578 GEOs Mining of the E31 and E31N open pits was completed in the first quarter of 2025 as planned, with material stockpiled. Evolution Mining Limited ('Evolution') continues to expect higher-gold-grade stockpiled ore from E31 and E31N to contribute to processed feed and support stream deliveries through 2025. Development of the sub-level cave ('SLC') at E48 commenced in July 2024. Commissioning is expected to start in the second half of 2025, with this mining area expected to ramp up through 2026. A pre-feasibility study was completed in the first quarter of 2025, with a gold grade of 0.39 g/t Au for the E48 SLC. The outcome of this study is currently being integrated with the life of mine plan at Northparkes to confirm the development schedule and optimized production profile. First production from the E22 orebody is expected during Evolution's fiscal year ending June 30, 2029, subject to the completion of economic studies and board approval, with a previously disclosed reserve grade of 0.37 g/t Au. An SLC hybrid option study for E22 was completed during the second quarter of 2025. Additionally, exploration at Northparkes has continued to return shallow, high-grade copper intercepts at the E51 and Major Tom prospects. Both prospects are located within close proximity to the current mine infrastructure. Resource modelling and optimization studies will commence following completion of a drilling program, which has been extended into the third quarter of 2025. Article content Beta Hunt (3.25% GR gold royalty and 1.5% NSR gold royalty): Royalties from Beta Hunt in Q2 2025 equated to 1,451 GEOs. The expansion project to achieve consistent mine throughput at Beta Hunt of 2 million tonnes per annum continues to advance, with recent capital investment focused on upgrades to primary ventilation, mine pumping and water supply. Westgold Resources Limited ('Westgold') continues to expect the mine expansion project at Beta Hunt to deliver increased productivity in 2025 and beyond. In June 2025, Westgold declared a maiden resource for the Fletcher Zone, a significant discovery at Beta Hunt that is interpreted to represent a new gold mineralized structure parallel to the Western Flanks deposit of the mine and located 50 meters to the west. Western Flanks is currently the primary source of gold ore for Beta Hunt. Maiden Indicated resources at the Fletcher Zone total 3.7 million tonnes at 2.5 g/t Au containing 295 thousand gold ounces, with Inferred resources of 27.3 million tonnes at 2.3 g/t Au containing 2.0 million gold ounces i. This inaugural resource at the Fletcher Zone nearly doubles, with similar gold grade, the previous resource base at Beta Hunt of 17.7 million tonnes grading 2.74 g/t Au containing 1.6 million ounces in the Measured and Indicated category (inclusive) and 12.9 million tonnes grading 2.63 g/t Au containing 1.1 million ounces in the Inferred category ii. The Fletcher Zone remains prospective, with the maiden resource open at depth and only representing exploration drilling from one kilometer of the two kilometers of known strike. Drilling is ongoing. Westgold expects to release a three-year operating outlook in September 2025, following a reserve and resource update. Article content Fosterville (2.0% NSR gold royalty): Royalties from Fosterville in Q2 2025 equated to 772 GEOs. In February 2025, Agnico Eagle Mines Limited ('Agnico Eagle') released an updated three-year outlook. The operator expects Fosterville to produce between 140,000 to 160,000 ounces of gold in each of 2025, 2026 and 2027. Technical evaluations and drilling are ongoing to evaluate the potential to increase production at Fosterville to an average of approximately 175,000 ounces of gold per year, with a ramp-up in performance potentially starting in 2027. Article content Latin America: Article content Cerro Lindo (65% silver stream): Sales from Cerro Lindo in Q2 2025 were 7,379 GEOs. Under the stream agreement with Nexa, we receive 65% of payable silver from Cerro Lindo until 19.5 million ounces have been delivered, and 25% thereafter. As of June 30, 2025, 17.8 million ounces of silver had been delivered under the stream agreement with Nexa since inception. We continue to expect a step-down in the stream rate from 65% to 25% starting in 2026. Article content Buriticá (100% silver stream, fixed ratio to gold): Sales from Buriticá in Q2 2025 were 1,090 GEOs. Despite the ongoing presence of illegal miners, Buriticá has been able to maintain overall steady operations. The operator continues to engage closely with the surrounding community on illegal mining with support from national institutions, including the National Police of Colombia. During the second quarter of 2025, Zijin Mining Group Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange to spin-off its overseas gold assets into a subsidiary known as Zijin Gold International Company Limited, which will include Buriticá as a cornerstone mine. Article content Camino Rojo (2.0% NSR gold royalty on oxides): Royalties from Camino Rojo in Q2 2025 equated to 637 GEOs. On July 23, 2025, Orla Mining Limited ('Orla') announced that an uncontrolled material movement occurred at Camino Rojo due to significant rain. There was no environmental impact, injuries or equipment damage. Pit mining was temporarily suspended, with oxidized run-of-mine and stockpiled material crushed and stacked while remediation work and a geotechnical assessment was completed. On August 5, 2025, Orla revised its 2025 production guidance for Camino Rojo to 95,000 to 105,000 ounces of gold (from 110,000 to 120,000 ounces previously). Year-to-date, Camino Rojo has produced 55,118 ounces of gold. A geotechnical assessment has informed an action plan and safe restart of mining operations, including mining from surface downwards to push back and stabilize the north wall of the pit, with the wall re-established at a lower overall slope angle. Notably, no material was lost or sterilized in the pit wall event. Article content Ana Paula (2.0% NSR gold and silver royalty): In July 2025, Heliostar Metals Ltd. reiterated that a feasibility study on Ana Paula is expected to be completed by mid-2026 to allow for a construction decision shortly thereafter. Article content North America: Article content Young-Davidson (1.5% NSR gold royalty): Royalties from Young-Davidson in Q2 2025 equated to 651 GEOs. In July 2025, Alamos Gold Inc. reiterated 2025 production guidance of 175,000 to 190,000 ounces of gold. Article content Florida Canyon (3.0% NSR gold royalty): Royalties from Florida Canyon in Q2 2025 equated to 548 GEOs. In June 2025, Integra Resources Corp. ('Integra') released inaugural 2025 production guidance for Florida Canyon of 70,000 to 75,000 ounces of gold. In May 2025, Integra commenced a 10,000-meter drill program focused on near-mine targets, designed to support oxide mine life extension at Florida Canyon. In August 2025, this drill program was increased to 16,000 meters based on exploration success. Integra expects to provide a mineral resource and reserve update as well as a revised life-of-mine plan for Florida Canyon in 2026. Article content Kensington (1.25% NSR gold royalty): Royalties from Kensington in Q2 2025 equated to 279 GEOs. In the second quarter of 2025, Coeur Mining, Inc. reiterated 2025 production guidance for Kensington of 92,500 to 107,500 ounces of gold. Article content Arthur (1.0% NSR gold royalty): On August 1, AngloGold announced that the pre-feasibility study for the 100%-owned Arthur oxide gold project in Nevada is on track for completion in early 2026. Ten drill rigs were turning at Arthur during the first half of 2025, focusing on definition drilling at the central 3500 domain at Merlin to support a resource update and improve geological modelling. In total, 45 kilometers were drilled in the first half of 2025 for $24.1 million. Article content Hope Bay (1.0% NSR gold royalty): Agnico Eagle announced that site infrastructure upgrades at the 100%-owned Hope Bay underground project continued to advance during the second quarter of 2025 as part of a $97 million investment program aimed at potential redevelopment. This included the dismantling of the existing mill at Doris to prepare for a potential new processing circuit to be tested as part of the project's ongoing technical evaluation. An internal technical evaluation on the potential for a 400,000 ounce per year production scenario at Hope Bay is expected to be completed in the first half of 2026. Separately, recent drilling yielded positive results, indicating the potential for mineral resource expansion at depth and along strike, returning one of the deepest assays from the Patch 7 zone at Madrid with a highlight intercept of 25.7 g/t Au over 8.4 meters at 754 meters depth. Article content Eskay Creek (0.5% NSR gold and silver royalty): In April 2025, Skeena Resources Limited submitted an Environmental Assessment application for the 100%-owned, fully financed Eskay Creek gold and silver project. Eskay Creek has been recognized as a project to be fast-tracked by the Province of British Columbia, and an environmental assessment certificate is expected to be received in the fourth quarter of 2025. Article content South Railroad (2.0% NSR gold and silver royalty, partial coverage): In May 2025, Orla announced that the Notice of Intent for the 100%-owned South Railroad heap leach project in Nevada is expected to be published in mid-2025. Orla maintained previously announced development timelines with a record of decision for South Railroad by mid-2026, and first gold production in 2027. Article content Goldfield (5.0% NSR gold royalty on the Gemfield deposit): In August 2025, Centerra Gold Inc. ('Centerra') announced that it will advance its 100%-owned Goldfield heap leach project to production following the completion of a technical study. Initial capital for the project is approximately $250 million, with major construction commencing in 2027. First production is expected in late 2028, starting from the Gemfield deposit of Goldfield. Over an approximately seven-year life, Goldfield is expected to produce an average of over 100,000 ounces of gold per year from 2029 to 2032, followed by production of 47,000 ounces of gold in 2033 and 29,000 ounces of gold in 2034. Triple Flag's royalty coverage at Goldfield is on the Gemfield deposit of the project, which represents approximately 80% of the project's overall life of mine production. Centerra has existing permits for Gemfield, which will require minor amendments based on the current project design. A Modified Plan of Operations for Gemfield was submitted in August 2025. Article content DeLamar (2.5% NSR gold and silver royalty, partial coverage): During the second quarter of 2025, Integra reiterated that an updated feasibility study to incorporate historical stockpiles into the design of the 100%-owned DeLamar heap leach project remains scheduled for completion in 2025. Federal permitting is expected to commence in the second half of 2025, following the publication of a Notice of Intent by the Bureau of Land Management to prepare an Environmental Impact Statement. Article content Queensway (0.2% to 0.5% NSR gold royalty): In July 2025, New Found Gold Corp. released a preliminary economic assessment ('PEA') for the 100%-owned Queensway project in Newfoundland. The study highlighted a phased open pit and underground project design, expected to produce 1.5 million ounces of gold over a 15-year mine life. Subject to the completion of permitting, first gold is expected in the second half of 2027. Article content McCoy-Cove (2.0% and 1.5% NSR gold and silver royalty, partial coverage): In July 2025, i-80 Gold Corp. ('i80') announced that a feasibility study for the 100%-owned McCoy-Cove underground project located in Nevada is expected to be completed in the first quarter of 2026, which will incorporate new infill drill data and metallurgical work. A PEA previously completed in the first quarter of 2025 highlighted a project designed to produce an average of 100,000 ounces of gold per year upon ramp-up over an eight-year mine life. i-80 expects permitting to be completed by the end of 2027, with production commencing in mid-2029. Article content Kemess (100% silver stream): In May 2025, Centerra announced that a PEA for Kemess is on track for completion by the end of 2025. The study is expected to focus on an open pit and long-hole stoping operation producing a potential 250,000 gold equivalent ounces annually over a 15-year mine life. Significant infrastructure is already in place at the 100%-owned Kemess copper-gold-silver project, including a 50,000 tpd mill, connection to grid power, and a camp. Article content Fenn-Gib (1.0% to 1.5% NSR gold royalty): Fenn-Gib is a gold deposit that is 100%-owned and operated by Mayfair Gold Corp. ('Mayfair'), which straddles the Pipestone fault in Northern Ontario. In the second quarter of 2025, Mayfair announced that the pre-feasibility study for a 4,800 tpd open-pit operation at Fenn-Gib is on track for completion by the end of 2025. To support the study, a 20,000-meter drill program will be completed to improve confidence in the mining of a near-surface, high-grade zone in the early years of Fenn-Gib's minelife. The current resource at Fenn-Gib totals 181 million tonnes grading 0.74 g/t Au containing 4.3 million gold ounces in the Indicated category, and 8.9 million tonnes grading 0.49 g/t Au containing 141 thousand gold ounces in the Inferred category iii. Article content Tamarack (2.11% NSR nickel, copper and cobalt royalty): In the second quarter of 2025, Talon Metals Corp. announced that it entered into an agreement with Westmoreland Mining for the location of the future Tamarack processing facility at a brownfield site in North Dakota, including an adjacent rail spur, for a maximum purchase price of $10 million. Under a $114.8 million grant from the US Department of Energy, this agreement represents a key milestone for the Tamarack nickel-copper project located in Minnesota. Permitting for the processing facility is expected to be completed over the next two years with a target start of construction in 2027. Article content Impala Bafokeng (70% gold stream): Sales from Impala Bafokeng in Q2 2025 were 1,398 GEOs. Development of the asset's value driver, Styldrift, remains ongoing, with a steady ramp-up expected to deliver improved efficiencies given current market conditions. In 2024, Impala Platinum Holdings Limited ('Implats') commenced a restructuring process at Impala Bafokeng to rationalize and optimize labor deployment across corporate and operational functions. The integration of processing facilities across the Western Limb operations of Impala Rustenburg and Impala Bafokeng has advanced, resulting in improved plant availability and recovery. Implats continues to expect monthly milled throughput of 230 thousand tonnes at Styldrift by the end of its 2027 fiscal year. Article content Agbaou (3.0% gold stream and 2.5% NSR gold royalty) and Bonikro (3.0% gold stream): For Agbaou, sales from our stream interest were 549 GEOs and royalties equated to 426 GEOs in Q2 2025. For Bonikro, sales from our stream interest were 858 GEOs in Q2 2025. In February 2025, Allied Gold Corporation ('Allied') announced 2025 gold production guidance of 77,000 to 90,000 ounces for Agbaou and 98,000 to 105,000 ounces for Bonikro. Through 2026 and 2027, the operator expects to annually produce at least 87,000 ounces of gold at Agbaou and approximately 100,000 ounces of gold at Bonikro. Separately, Allied continues to advance initiatives to implement a centralized management model for both Agbaou and Bonikro, as both mines are contiguous to each other, with the two processing plants located only 20 km apart. Article content ATO (25% gold stream and 50% silver stream): In March 2025, Triple Flag filed a statement of claim in the Ontario Superior Court of Justice for the immediate delivery of 1,650 ounces of gold, representing the outstanding gold ounces under the previously announced prepaid gold agreement with Steppe Gold Ltd. ('Steppe Gold'). As at June 30, 2025, Steppe Gold was in default of its delivery obligations under the ATO streaming agreement. Based on Steppe Gold's latest public disclosures, Triple Flag was entitled to receive 796 ounces of gold and 8,479 ounces of silver under the streaming agreement in respect of production from the ATO mine up to March 31, 2025. Steppe Gold's obligations are subject to a parent guarantee. Triple Flag is in discussions with Steppe Gold and related parties, while Triple Flag assesses legal enforcement options. Article content Koné (2.0% NSR gold royalty, partial coverage): In July 2025, Montage Gold Corp. announced that Koné project construction remains on schedule and on budget for first gold pour in the second quarter of 2027. Article content Conference Call Details Article content A conference call and live webcast presentation will be held on August 7, 2025, starting at 9:00 a.m. ET (6:00 a.m. PT) to discuss these results. The live webcast can be accessed by visiting the Events and Presentations page on the Company's website at: An archived version of the webcast will be available on the website for one year following the webcast. Article content Triple Flag is a precious metals streaming and royalty company. We offer investors exposure to gold and silver from a total of 237 assets, consisting of 17 streams and 220 royalties, primarily from the Americas and Australia. These streams and royalties are tied to mining assets at various stages of the mine life cycle, including 30 producing mines and 207 development and exploration stage projects. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange, under the ticker 'TFPM'. Article content Qualified Person Article content James Lill, Director, Mining for Triple Flag Precious Metals and a 'qualified person' under NI 43-101 has reviewed and approved the written scientific and technical disclosures contained in this press release. Article content Forward-Looking Information Article content This news release contains 'forward-looking information' within the meaning of applicable Canadian securities laws and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to herein as 'forward-looking information'). Forward-looking information may be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'outlook', 'forecasts', 'projection', 'prospects', 'strategy', 'intends', 'anticipates', 'believes', or variations of such words and phrases or terminology which states that certain actions, events or results 'may', 'could', 'would', 'might', 'will', 'will be taken', 'occur' or 'be achieved'. Forward-looking information in this news release includes, but is not limited to, statements with respect to the Company's annual guidance, operational and corporate developments for the Company; developments, outlook, upside and growth potential in respect of the Company's portfolio of royalties and streams and related interests and those developments at certain of the mines, projects or properties that underlie the Company's interests and our assessments of, and expectations for, future periods (including, but not limited to, the long-term production outlook for GEOs), the conduct of the conference call to discuss the financial results for the second quarter of 2025; expectations with respect to the completion and timing of any report, guidance, study or other disclosure to be made by the operators of the mines, projects or properties that underlie the Company's interests; statements relating to ongoing discussions with Steppe Gold and the results of those discussions (including any legal enforcement). Our assessments of and expectations for future periods described in this news release, including our future financial outlook and anticipated events or results, business, financial position, business strategy, growth plans, strategies, budgets, operations, financial results, taxes, dividend policy, plans and objectives, are considered forward-looking information. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding possible future events or circumstances. Article content The forward-looking information included in this news release is based on our opinions, estimates and assumptions considering our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. The forward-looking information contained in this news release is also based upon a number of assumptions, including the ongoing operation of the properties in which we hold a stream or royalty interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; and the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production. These assumptions include, but are not limited to, the following: assumptions in respect of current and future market conditions and the execution of our business strategies; that operations, or ramp-up where applicable, at properties in which we hold a royalty, stream or other interest continue without further interruption through the period; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated, intended or implied. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Forward-looking information is also subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to, those set forth under the caption 'Risk Factors' in our most recently filed annual information form which is available on SEDAR+ at and on EDGAR at For clarity, mineral resources that are not mineral reserves do not have demonstrated economic viability and inferred resources are considered too geologically speculative for the application of economic considerations. Article content Although we have attempted to identify important risk factors that could cause actual results or future events to differ materially from those contained in the forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents our expectations as of the date of this news release and is subject to change after such date. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements. Article content Cautionary Statement to U.S. Investors Article content Information contained or referenced in this news release or in the documents referenced herein concerning the properties, technical information and operations of Triple Flag has been prepared in accordance with requirements and standards under Canadian securities laws, which differ from the requirements of the U.S. Securities and Exchange Commission (' SEC ') under subpart 1300 of Regulation S-K (' S-K 1300 '). Because the Company is eligible for the Multijurisdictional Disclosure System adopted by the SEC and Canadian Securities Administrators, Triple Flag is not required to present disclosure regarding its mineral properties in compliance with S-K 1300. Accordingly, certain information contained in this news release may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements of the SEC. Article content Technical and Third-Party Information Article content Triple Flag does not own, develop or mine the underlying properties on which it holds stream or royalty interests. As a royalty or stream holder, Triple Flag has limited, if any, access to properties included in its asset portfolio. As a result, Triple Flag is dependent on the owners or operators of the properties and their qualified persons to provide information to Triple Flag and on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which Triple Flag holds stream, royalty, or other similar interests. Triple Flag generally has limited or no ability to independently verify such information. Although Triple Flag does not believe that such information is inaccurate or incomplete in any material respect, there can be no assurance that such third-party information is complete or accurate. Article content Adjusted net earnings is a non‑IFRS financial measure, which excludes the following from net earnings: Article content impairment charges, write-downs, and reversals, including expected credit losses; gain/loss on sale or disposition of assets/mineral interests; foreign currency translation gains/losses; increase/decrease in fair value of investments and prepaid gold interests; non-recurring charges; and impact of income taxes on these items. Article content Management uses this measure internally to evaluate our underlying operating performance for the reporting periods presented and to assist with the planning and forecasting of future operating results. Management believes that adjusted net earnings is a useful measure of our performance because impairment charges, write-downs, and reversals, including expected credit losses, gain/loss on sale or disposition of assets/mineral interests, foreign currency translation gains/losses, increase/decrease in fair value of investments and prepaid gold interests, and non-recurring charges do not reflect the underlying operating performance of our core business and are not necessarily indicative of future operating results. The tax effect is also excluded to reconcile the amounts on a post-tax basis, consistent with net earnings. Management's internal budgets and forecasts and public guidance do not reflect the types of items we adjust for. Consequently, the presentation of adjusted net earnings enables users to better understand the underlying operating performance of our core business through the eyes of management. Management periodically evaluates the components of adjusted net earnings based on an internal assessment of performance measures that are useful for evaluating the operating performance of our business and a review of the non-IFRS measures used by industry analysts and other streaming and royalty companies. Adjusted net earnings is intended to provide additional information only and does not have any standardized definition under IFRS Accounting Standards and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. The measures are not necessarily indicative of gross profit or operating cash flow as determined under IFRS Accounting Standards. Other companies may calculate these measures differently. The following table reconciles adjusted net earnings to net earnings, the most directly comparable IFRS Accounting Standards measure. Article content Three months ended Six months ended June 30 June 30 ($ thousands, except share and per share information) 2025 2024 2025 2024 Net earnings (loss) $ 55,736 $ (111,437) $ 101,257 $ (94,013) Impairment (reversal) charges and expected credit losses 1 (2,500) 141,771 (2,500) 148,034 Foreign currency translation loss (gain) 64 (55) (25) (95) Increase in fair value of investments and prepaid gold interests (6,916) (2,069) (12,533) (3,746) Income tax effect 1,551 (5,307) 2,413 (5,096) Adjusted net earnings $ 47,935 $ 22,903 $ 88,612 $ 45,084 Weighted average shares outstanding – basic 200,834,984 201,249,986 200,889,595 201,195,314 Net earnings per share $ 0.28 $ (0.55) $ 0.50 $ (0.47) Adjusted net earnings per share $ 0.24 $ 0.11 $ 0.44 $ 0.22 1. Impairment charges and expected credit losses for the three and six months ended June 30, 2024, are largely due to impairments taken on the Nevada Copper stream and related interests as well as impairments taken on the Elevation Gold stream and related interests Article content Endnote 3: Adjusted EBITDA Article content Adjusted EBITDA Article content Adjusted EBITDA is a non‑IFRS financial measure, which excludes the following from net earnings: Article content income tax expense; finance costs, net; depletion and amortization; impairment charges, write-downs, and reversals, including expected credit losses; gain/loss on sale or disposition of assets/mineral interests; foreign currency translation gains/losses; increase/decrease in fair value of investments and prepaid gold interests; non-cash cost of sales related to prepaid gold interests and other; and non‑recurring charges Article content Management believes that adjusted EBITDA is a valuable indicator of our ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations and fund acquisitions. Management uses adjusted EBITDA for this purpose. Adjusted EBITDA is also frequently used by investors and analysts for valuation purposes, whereby adjusted EBITDA is multiplied by a factor or ''multiple'' that is based on an observed or inferred relationship between adjusted EBITDA and market values to determine the approximate total enterprise value of a company. Article content In addition to excluding income tax expense, finance costs net, and depletion and amortization, adjusted EBITDA also removes the effect of impairment charges, write-downs, and reversals, including expected credit losses, gain/loss on sale or disposition of assets/mineral interests, foreign currency translation gains/losses, increase/decrease in fair value of investments and prepaid gold interests, non-cash cost of sales related to prepaid gold interests and other and non-recurring charges. We believe these items provide a greater level of consistency with the adjusting items included in our adjusted net earnings reconciliation, with the exception that these amounts are adjusted to remove any impact of income tax expense as they do not affect adjusted EBITDA. We believe this additional information will assist analysts, investors and our shareholders to better understand our ability to generate liquidity from operating cash flow, by excluding these amounts from the calculation as they are not indicative of the performance of our core business and not necessarily reflective of the underlying operating results for the periods presented. Article content Adjusted EBITDA is intended to provide additional information to investors and analysts and does not have any standardized definition under IFRS Accounting Standards and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. Adjusted EBITDA is not necessarily indicative of operating profit or operating cash flow as determined under IFRS Accounting Standards. Other companies may calculate adjusted EBITDA differently. The following table reconciles adjusted EBITDA to net earnings, the most directly comparable IFRS Accounting Standards measure. Article content Three months ended Six months ended June 30 June 30 ($ thousands) 2025 2024 2025 2024 Net earnings (loss) $ 55,736 $ (111,437) $ 101,257 $ (94,013) Finance costs, net 901 1,379 1,502 2,673 Income tax expense 4,584 260 8,585 2,978 Depletion and amortization 20,761 17,241 41,397 35,051 Impairment (reversal) charges and expected credit losses 1 (2,500) 141,771 (2,500) 148,034 Non-cash cost of sales related to prepaid gold interests and other 3,536 2,463 9,179 4,636 Foreign currency translation loss (gain) 64 (55) (25) (95) Increase in fair value of investments and prepaid gold interests (6,916) (2,069) (12,533) (3,746) Adjusted EBITDA $ 76,166 $ 49,553 $ 146,862 $ 95,518 1. Impairment charges and expected credit losses for the three and six months ended June 30, 2024, are largely due to impairments taken on the Nevada Copper stream and related interests as well as impairments taken on the Elevation Gold stream and related interests. Article content Endnote 4: Gross Profit Margin and Asset Margin Article content Gross profit margin is an IFRS Accounting Standards financial measure which we define as gross profit divided by revenue. Asset margin is a non-IFRS financial measure which we define by taking gross profit and adding back depletion and non-cash cost of sales related to prepaid gold interests and other and dividing by revenue. We use gross profit margin to assess profitability of our metal sales and asset margin to evaluate our performance in increasing revenue, containing costs and providing a useful comparison to our peers. Asset margin is intended to provide additional information only and does not have any standardized definition under IFRS Accounting Standards and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. The following table reconciles asset margin to gross profit margin, the most directly comparable IFRS Accounting Standards measure: Article content i Refer to Westgold's press release dated June 23, 2025, 'Fletcher Zone Maiden Mineral Resource of 2.3Moz'. ii Refer to Westgold's press release dated September 16, 2024, '2024 Mineral Resources and Ore Reserves'. iii Refer to Mayfair's press release dated September 10, 2024, 'Mayfair Gold Updates Fenn-Gib Open-Pit Mineral Resource and Initiates an Expanded Metallurgical Test Program'. Article content Article content Article content Article content Article content Contacts Article content Investor Relations: Article content Article content David Lee Article content Article content Vice President, Investor Relations Article content Article content Tel: +1 (416) 304-9770 Article content Article content Email: Article content ir@ Article content
Globe and Mail
15 hours ago
- Globe and Mail
New Toll Brothers Luxury Home Community Coming Soon to Newtown, Pennsylvania
NEWTOWN, Pa., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its newest Bucks County-area community, Lyondale Meadows, is coming soon to Newtown, Pennsylvania. This exclusive Toll Brothers neighborhood will feature just 45 homes on spacious home sites with an array of modern single-family designs. Construction is underway at 4 Augusta Drive in Newtown, and the community is anticipated to open for sale in the fall of 2025. Lyondale Meadows will offer expansive open-concept floor plans ranging from 3,520 to over 5,000 square feet of living space with side-entry garages. Homes will feature 4 to 5 bedrooms including first-floor bedroom options, 3.5 to 6.5 baths, and 2- to 4-car garages. Homes are anticipated to be priced from $1.6 million. 'Our new Lyondale Meadows community pairs elegance with comfort, offering home shoppers the rare opportunity to build a luxurious new construction Toll Brothers estate home, personalized to their needs, within the well-established and highly desirable Newtown area,' said John Dean, Division President of Toll Brothers in Pennsylvania. Located less than 10 minutes from boutique shops and fantastic dining options in the heart of Newtown, residents will enjoy proximity to premier shopping, dining, and recreational destinations. The community will be surrounded by 90 acres of picturesque open space and walking trails while being just minutes from every convenience. Children living in the community may attend the top-ranked schools in the esteemed Council Rock School District. Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows customers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants. For more information and to join the Toll Brothers interest list for Lyondale Meadows, call (855) 872-8205 or visit About Toll Brothers Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit
National Post
a day ago
- National Post
Lenovo Brings Its Biggest-Ever Global Tech World Event to CES 2026 With an Immersive Experience at Sphere in Las Vegas
Article content Lenovo Chairman and CEO Yuanqing Yang to deliver CES keynote on smarter AI for all at iconic venue, showcasing innovations with FIFA, Formula 1 ®, and a host of others at the world's biggest tech event. Article content Tech World CES Keynote to showcase Lenovo's role as An Official Technology Partner of Sphere Studios Article content Article content LAS VEGAS — Lenovo (HKSE: 992) (ADR: LNVGY) and Sphere Entertainment Co. (NYSE: SPHR) announced today that, for the first time ever, Lenovo's annual global innovation event, Tech World, will take center stage at Sphere in Las Vegas on the opening day of CES ® 2026. The 11 th annual Tech World will feature Lenovo Chairman and CEO Yuanqing Yang's CES keynote along with Lenovo's latest product launches, innovations, proofs of concept, and the company's AI-driven innovation strategy for the coming years. Article content The event at Sphere, which will showcase content created exclusively for Lenovo by Sphere Studios, Sphere's in-house immersive content studio, marks the second consecutive year that a CES keynote will be delivered at the cutting-edge venue. Tech World comes as Lenovo and Sphere enter a multi-year global partnership, making Lenovo An Official Technology Partner of Sphere Studios. Article content 'Over the past decade, Tech World has become Lenovo's key platform to reveal our vision, showcase our innovation, and launch our most exciting products, solutions, and partnerships,' said Yuanqing Yang, Chairman and CEO, Lenovo. 'Now, set against the backdrop of CES 2026, we'll give the audience an exclusive look at how our technology has revolutionized F1, unveil our plans for the first-ever AI-powered FIFA World Cup next summer, and create a hyper-personalized agent-native experience for individuals while unleashing Lenovo Hybrid AI Advantage for enterprise customers. Sphere is the perfect match for Lenovo in Las Vegas, where we will celebrate and share our commitment to delivering smarter AI for all by constantly redefining how technology can engage, inspire, and empower.' Article content 'As a venue at the forefront of innovation, Sphere is a powerful platform for visionary brands looking to create transformative events and experiences,' said Jennifer Koester, President and COO, Sphere. 'We are honored to collaborate with Lenovo not only to help bring their vision to life during this CES Keynote, but also as part of our broader partnership that will leverage Lenovo technology to deliver immersive experiences across all Sphere events.' Article content 'We're thrilled to welcome Lenovo and Yuanqing Yang to the CES keynote stage. CES is where innovators show up, and I look forward to seeing his vision for the technology solving big global challenges come to life at the incredible Sphere,' said Gary Shapiro, CEO and Vice Chair, CTA. Article content Tech World @ CES will explore how Lenovo is defining the future through the fusion of AI, devices, infrastructure, and services. As a global technology partner for Formula 1 ® and the FIFA World Cup 26™ and the FIFA Women's World Cup 2027™, the audience will see not only how Lenovo innovation will help individuals and businesses, but also how the company plans to use AI and its full portfolio of technologies to change the game for sports fans in the years to come. Article content In addition to the keynote, Tech World @ CES will include visionary tech leaders, partners, artists, and influencers, with an accompanying spectacle that is only possible at Sphere. Additional announcements on the speaker and guest lineup will be made later in 2025. Article content Lenovo is not simply presenting its technology and vision at the keynote at Sphere, but as An Official Technology Partner of Sphere Studios, its Lenovo's own technology helping power the creation of the content and the production itself. Beyond Tech World and CES, Lenovo will continue to partner directly with Sphere Studios to support immersive content creation. Lenovo's high-performance workstations and infrastructure platforms are integrated into Sphere Studios' production workflows and operations, supporting Sphere's immersive content creation and showcasing Lenovo's end-to-end capabilities. Lenovo's own technology, combined with the expertise of the artists and technologists at Sphere Studios, will help bring Lenovo's creative vision to life for Tech World, and make this unforgettable experience possible. Article content Don't miss Lenovo @ CES 2026 Article content Lenovo's CES 2026 keynote at Sphere will take place on Tuesday, January 6 at 17.00 PT. Yuanqing Yang's keynote is open to credentialed CES attendees, with further ticketing and logistics details available in October. Article content The event will demonstrate Lenovo's leadership in hybrid AI, the seamless integration of public, enterprise, and personal AI solutions to empower creativity, productivity, and connection. Tech World will also highlight ways Lenovo-led innovation is accelerating responsible, intelligent transformation across industries, from smarter classrooms and precision healthcare to agile manufacturing and future-ready workplaces. Article content By holding Tech World at CES, Lenovo brings bold ideas and powerful technologies directly to a huge global audience of business leaders, innovators, media, and tech enthusiasts. Article content Watch highlights from previous Tech World events: Article content About Lenovo Article content Lenovo is a US$69 billion revenue global technology powerhouse, ranked #196 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world's largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo's continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit and read about the latest news via our StoryHub. Article content About Sphere Entertainment Article content Sphere Entertainment Co. is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in Las Vegas in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming. More information is available at Article content Article content Article content
