The Globe and Mail reports in its Wednesday, May 20, edition that Triple Flag Precious Metals is a Canadian royalty and streaming company that offers asset-light exposure to rising gold and silver prices. The Globe's guest columnist Arjun Deiva writes in the Number Cruncher column that Triple Flag Precious Metals, a Toronto-based gold and silver streaming company, has a price-to-earnings ratio of 20.7 times. Triple Flag reported record first quarter results on May 5, with revenue of $147-million, up 79 per cent year-over-year, and a highly attractive adjusted earnings before interest, taxes, depreciation and amortization margin of 87 per cent (all figures U.S.). The company ended the quarter with $144-million in cash, no debt and over $1.1-billion in available liquidity, giving it substantial capacity to acquire additional streams. Management has been actively utilizing that capacity, recently agreeing to fund $84.3-million for the development of Evolution Mining's new E44 deposit at the Northparkes mine in Australia, in exchange for guaranteed gold and silver deliveries.