
FORM40-F ☐Registration statement pursuant to Section12 of the Securities Exchange Act of 1934 or ☒Annual report pursuant to Section13(a)or 15(d)of the Securities Exchange Act of 1934 December 31, 2025001-41484For the fiscalyear endedCommission File Number TRIPLE FLAG PRECIOUS METALS CORP. (Exact name of Registrant as specified in its charter) Canada679598-1712746 (Province or other jurisdiction ofincorporation or organization)(Primary Standard IndustrialClassification Code Number)(I.R.S. Employer IdentificationNumber) TD Canada Trust Tower161 Bay Street, Suite4535Toronto, Ontario, Canada M5J 2S1(416) 304-9741 (Address and telephone number of Registrant’s principal executive offices) Triple Flag USA RoyaltiesLtd.c/o Torys LLP1114 Avenue of the Americas, 23rdFloorNew York, New York 10036(212) 880-6000 (Name, address (including zip code) and telephone number(including area code) of agent for service in the United States) Securities registered or to be registered pursuant to Section12(b)of the Act: Title of each classTrading symbol(s)Name of each exchange on whichregisteredCommon Shares, no par valueTFPMNew York Stock Exchange Securities registered or to be registered pursuant to Section12(g)of the Act:None Securities for which there is a reporting obligation pursuant to Section15(d)of the Act:None For annual reports, indicate by check mark the information filed with this Form: ☒Annual information form☒Audited annual financial statements Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close ofthe period covered by the annual report: 206,531,806 as of December 31, 2025. Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theExchange Act during the preceding 12months (or for such shorter period that the Registrant was required to file suchreports) and (2)has been subject to such filing requirements for the past 90days.☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or forsuch shorter period that the Registrant was required to submit such files).☒ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule12b-2 of theExchange Act. Emerging growth company☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate bycheck mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards† provided pursuant to Section13(a)of the Exchange Act.☐ †The term “new or revised financial accounting standard” refers to any update issued by the Financial AccountingStandards Board to its Accounting Standards Codification after April 5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment ofthe effectiveness of its internal control over financial reporting under Section404(b)of the Sarbanes-Oxley Act (15U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section12(b)of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b).☐ DIFFERENCES IN UNITED STATES AND CANADIAN REPORTING PRACTICES Triple Flag Precious Metals Corp. (the “Registrant”) is permitted, under a multijurisdictional disclosure systemadopted by the United States, to prepare reports it files with the United States Securities and Exchange Commission(the “SEC” or the “Commission”) in accordance with Canadian disclosure requirements, which are different fromthose of the United States. The Registrant currently prepares its financial statements, which are filed as exhibits to thisAnnual Report on Form 40-F (this “Form 40-F”) in accordance with International Financial Reporting Standards asissued by the International Accounting Standards Board, and as a result, they may differ from financial statements filedby United States companies. FORWARD-LOOKING INFORMATION This Form 40-F contains “forward-looking information” and “forward looking statements” within the meaning ofapplicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995,respectively (collectively referred to herein as “forward-looking information”). Forward-looking information may beidentified by the use of forward-looking terminology such as “plan