Feb 23, 2022 / 03:00PM GMT
Operator
Good day and thank you for standing by. Welcome to the Triple Flag Precious Metals 2021 year-end results. (Operator Instructions). Please be advised that today's conference call is being recorded. (Operator Instructions).
I would now like to hand the conference over to your speaker today, Shaun Usmar, CEO. Please go ahead, sir.
Shaun Usmar - Triple Flag Precious Metals Corp. - Founder, CEO, & Director
Good morning, everyone. And thank you for joining us to discuss Triple Flag's fourth-quarter and year-end results. I'm pleased to be able to share the results of our first year as a public company. 2021 was our fifth consecutive sales record since our founding, recording 83,600 gold equivalent ounces. That's a 33% increase in our prior record in 2020, which equates to a sector-leading cumulative annual growth rate of 26% since our first metal sales in 2017.
Our 2021 sales translates into free cash flow of USD120 million. It's a 42% increase on our prior record in 2020. We commenced 2022 with no debt, over USD600 million in financial capacity
Q4 2021 Triple Flag Precious Metals Corp Earnings Call Transcript
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