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Diversified precious metals portfolio with exposure to a suite of long-life assets

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231

Assets

14

Streams

217

Royalties

31 are producing and 200 are in development or exploration stage or other

A Growing, Diversified Portfolio of Assets

Our diversified portfolio of streams and royalties provides exposure to production from a suite of long-life mining assets, including the Northparkes copper-gold mine in Australia (CMOC), the Cerro Lindo polymetallic mine in Peru (Nexa), the Fosterville gold mine in Australia (Agnico Eagle), the Buriticá gold mine in Colombia (Zijin) and the RBPlat PGM Operations in South Africa (Implats).

FEATURED ASSETS

Producing Assets Development Assets Exploration Assets Other Assets
Operation Stage Operator Location Asset Type1 Metals Exposure Asset Terms
Agbaou Producing Allied Gold Corp. Goh-Djiboua, Cote d'Ivoire Royalty Gold 0.0% - 2.5% NSR Royalty (2.5% for Au > $1,400/oz), capped at US$50M
Altan Tsagaan Ovoo Producing Steppe Gold Ltd. Dornod Province, Mongolia Stream Gold, Silver 25% gold stream and 50% silver stream with 17% ongoing payment2
Auramet Producing Auramet Capital Partners L.P. USA Stream Gold 1,250 oz of gold per quarter with 16% ongoing payment; Buyback option after 50 koz delivered for $5M less certain cash flows
Beta Hunt Producing Karora Resources Western Australia, Australia Royalty Gold, Nickel 3.25% GR royalty (excluding nickel); 1.0% GR royalty on nickel
Beta Hunt Producing Karora Resources Western Australia, Australia Royalty Gold, Nickel 1.5% NSR royalty on gold; 0.5% NSR royalty on nickel
Buriticá Producing Zijin Mining Group Co., Ltd. Antioquia Department, Colombia Stream Gold, Silver 100% fixed ratio silver stream with 5% ongoing payment
Camino Rojo Producing Orla Mining Ltd. Zacatecas, Mexico Royalty Gold, Silver 2.0% NSR royalty
Cerro Lindo Producing Nexa Resources S.A. Chincha Province, Peru Stream Silver 65% silver stream with 10% ongoing payment2
Dargues Producing Aurelia Metals Ltd. New South Wales, Australia Royalty Gold 5.5% GR royalty
Eagle River Producing Wesdome Gold Mines Ltd. Ontario, Canada Royalty Gold 0.5% NSR royalty
Eastern Borosi Producing Calibre Mining Región Autónoma de la Costa Caribe Norte, Nicaragua Royalty Gold 1.0% NSR royalty
El Mochito Producing Kirungu Corporation Las Vegas, Honduras Stream Silver 25% silver stream with 25% ongoing payment
El Peñón Producing Pan American Silver Corp. Antofagasta Region, Chile Royalty Gold, Silver 2.0% NSR royalty
Florida Canyon Producing Argonaut Gold Inc. Nevada, USA Royalty Gold 3.0% NSR royalty
Fosterville Producing Agnico Eagle Mines Limited Victoria, Australia Royalty Gold 2.0% NSR royalty
Hemlo (Williams) Producing Barrick Gold Corporation Ontario, Canada Royalty Gold 0.25% NSR royalty on Williams
Henty Producing Catalyst Metals Limited Tasmania, Australia Royalty Gold 3.0% GR royalty
Karma Producing Néré Mining Zondoma, Burkina Faso Royalty Gold, Silver 2.0% NSR royalty on 85.5% interest in Karma with 1.0% buydown for fair market value
Kensington Producing Coeur Mining Inc. Alaska, USA Royalty Gold 2.5% NSR royalty after recoupment and capped at 1 Moz
La Colorada Producing Pan American Silver Corp. Zacatecas, Mexico Stream Gold 100% gold stream with ongoing payment less of $650/oz and spot
Moose River (Touquoy) Producing St. Barbara Limited Nova Scotia, Canada Royalty Gold 1.0% NSR royalty
Moss Producing Elevation Gold Mining Arizona, USA Stream Silver 100% silver stream with 20% ongoing payment
Mt Carlton Producing Navarre Minerals Limited Queensland, Australia Royalty Gold, Silver, Copper 2.5% NSR royalty
Northparkes Producing China Molybdenum Co., Ltd. New South Wales, Australia Stream Gold, Silver 54% gold stream and 80% silver stream with 10% ongoing payment2
Nueva Recuperada (Tangana) Producing Sillver X Mining Corp. Huancavelica, Peru Royalty Silver, Zinc, Lead 3.0% NSR royalty
Pumpkin Hollow UG Producing Nevada Copper Corp. Nevada, U.S.A. Stream Gold, Silver 97.5% fixed ratio gold and silver stream with 5% ongoing payment on underground mine2
RBPlat (BRPM / Styldrift / Maseve) Producing Impala Platinum Holdings Limited (Implats) North West Province, South Africa Stream Gold 70% gold stream with 5% ongoing payment2
Renard Producing Stornoway Diamonds (Canada) Inc. Quebec, Canada Stream Diamonds 20% of a 20% diamond stream with cash transfer payment the lesser of 40% of achieved sales price and US$40 per carat
San Jose (Taviche Oeste) Producing Fortuna Silver Mines Inc. Oaxaca, Mexico Royalty Silver, Gold 1.5% NSR royalty on Taviche Oeste concession
Stawell Producing Stawell Gold Mines Pty Ltd. Victoria, Australia Royalty Gold 1.0% NSR royalty
Young-Davidson Producing Alamos Gold Inc. Ontario, Canada Royalty Gold 1.5% NSR royalty
Operation Stage Operator Location Asset Type1 Metals Exposure Asset Terms
Agua Rica Development Pan American Silver Corp. Catamarca, Argentina Royalty Copper, Molybdenum, Gold, Silver 2.5% NSR (capped)
Amulsar Development Lydian Armenia Vayots Dzor, Armenia Royalty Gold, Silver US$1M per quarter post commercial production
Ana Paula Development Heliostar Metals Ltd. Guerrero, Mexico Royalty Gold, Silver 2% NSR royalty
Bardoc (Bulletin) Development St Barbara Limited Western Australia, Australia Royalty Gold A$1.34/t ore
Beaufor Development Monarch Mining Corporation Quebec, Canada Royalty Gold 2.75% NSR royalty
Cerro Blanco Development Bluestone Resources Jutiapa Department, Guatemala Royalty Gold, Silver 1.0% NSR royalty
Converse Development Waterton Global Resource Management Ltd. Nevada, USA Royalty Gold, Silver 5.0% NSR royalty
DeLamar Development Integra Resources Corp. Idaho, USA Royalty Gold, Silver 2.5% NSR royalty (decreases to 1.0% after C$10M paid)
Enchi Development Newcore Gold Western Region, Ghana Royalty Gold 2.0% NSR royalty with 1.0% buydown for US$3.5 million
Eskay Creek Development Skeena Resources British Columbia, Canada Royalty Gold, Silver 0.5% NSR royalty
GJ Project Development Newcrest Mining Limited British Columbia, Canada Royalty Gold, Copper 0.49% NSR royalty on Northern Block; 0.98% NSR royalty on remaining claims (Donnelly), with 50% buydown option on each
Goldfield Project (Gemfield) Development Centerra Gold Inc. Nevada, USA Royalty Gold 3.0 - 5 0% NSR royalty on gold (5.0% for Au > $400/oz); 3.0% NSR royalty on other minerals
Grey Fox (Pike River) Development McEwen Mining Ontario, Canada Royalty Gold 2.5% NSR royalty
Gunnison Development Excelsior Mining Corp. Arizona, USA Stream Copper 3.5% to 16.5% copper stream depending on Gunnison’s total production capacity with ongoing payment of 25% of spot copper2
Hasbrouck Project (Hasbrouck & Three Hills) Development West Vault Mining Inc. Nevada, USA Royalty Gold, Silver 1.25% NSR royalty
Hope Bay Development Agnico Eagle Mines Limited Nunavut, Canada Royalty Gold 1.0% NSR royalty
Idaho (Friday) Development Endomines Finland Oyj Idaho, USA Royalty Gold 3.0% NSR royalty capped at US$1M
Imperial Development KORE Mining Ltd. California, USA Royalty Gold 1.0% NSR royalty
Kemess Development Centerra Gold Inc. British Columbia, Canada Stream Silver 100% silver stream with 10% ongoing payment5
Koné Development Montage Gold Corp. Cote d'Ivoire Royalty Gold 2.0% NSR royalty
La Bolsa Development Pan American Silver Corp. Sonora, Mexico Stream Gold, Silver 5% Au Stream with US$450/oz ongoing payment
Lagunas Norte (PMR) Development Booro Pte Ltd. La Libertad, Peru Royalty Gold, Silver 2.0% NSR royalty on gold and silver from refractory sulphides with cap of 1 Moz Au
Laverton (Euro) Development Focus Minerals Ltd. Western Australia, Australia Royalty Gold A$5.518/oz gold after 50 koz Au is produced subject to CPI adjustment
Long Development Mincor Resources NL Western Australia, Australia Royalty Nickel 0.65% - 5.0% sliding scale GR royalty on nickel (5.0% at Ni > A$8.26/lb)
McCoy-Cove Development i-80 Gold Corp. Nevada, USA Royalty Gold, Silver 2.0% NSR Royalty6
McCoy-Cove Development i-80 Gold Corp. Nevada, USA Royalty Gold, Silver 1.5% NSR Royalty
Mother Lode Development AngloGold Ashanti Ltd. Nevada, USA Royalty Gold, Silver 1.0% - 2.0% NSR royalty (2.0% at Au >= $1,400/oz)
Norte Abierto (Cerro Casale) Development Barrick Gold Corporation / Newmont Corp. Atacama Region, Chile Royalty Gold, Copper, Silver 0.3125% GR Royalty
Pico Machay Development Pan American Silver Corp. Huancavelica, Peru Royalty Gold, Silver 1.0% NSR royalty
Polo Sur Development Antofagasta plc Antofagasta Region, Chile Royalty Copper 1.0% NSR royalty
Pumpkin Hollow OP Development Nevada Copper Corp. Nevada, U.S.A. Royalty Copper, Gold, Silver 0.7% NSR royalty on open pit project area
Railroad-Pinion (South Railroad) Development Orla Mining Ltd. Nevada, USA Royalty Gold, Silver 2.0% Royalty (NSR on gold and silver; GR on rest) and Advance Minimum Royalty Payments of US$25k/yr
Relief Canyon Development Americas Gold & Silver Corp. Nevada, USA Royalty Gold, Silver 2.0% NSR royalty
Romero Development GoldQuest Mining Corp. San Juan, Dominican Republic Royalty Gold, Copper, Zinc, Silver 1.25% NSR royalty
Shalipayco Development Nexa Resources S.A. Junin, Peru Royalty Zinc, Lead, Silver 1.0% NSR royalty
Silvertip Development Coeur Mining Inc. British Columbia, Canada Royalty Silver, Zinc, Lead 2.5% NSR royalty
Tamarack Development Talon Metals Corp. Minnesota, U.S.A. Royalty Nickel, Copper, Cobalt 1.85% NSR royalty on Talon’s interest in the project3
Tres Cruces Development Steppe Gold Ltd. La Libertad, Peru Royalty Gold 1.5% NSR royalty
Operation Stage Operator Location Asset Type1 Metals Exposure Asset Terms
3 Aces (Sprogge) Exploration Seabridge Gold Yukon, Canada Royalty Gold 0.63% NSR royalty
64North Exploration Resolution Minerals Ltd. Alaska, USA Royalty Gold 1.0% NSR royalty
Abbie Lake Exploration Argo Gold Ontario, Canada Royalty Gold 2.0% NSR royalty
Adzopé Exploration Auplata Mining Group Abidjian, Cote d'Ivoire Royalty Gold 2.0% NSR royalty
Akasaba Exploration O3 Mining Inc. Quebec, Canada Royalty Gold 2.0% NSR royalty 1.0% buy-down for C$500k
Algoma-Talisman Exploration Newton Gold Corp. Ontario, Canada Royalty Gold 2.0% NSR royalty with a 1.0% buydown for US$1.5M
Anantacau Exploration Osisko Baie-James Quebec, Canada Royalty Gold 2.0% NSR royalty with 1.0% buy-down for C$1.5M
Aster 2 Exploration Gold Fields Limited Atacama Region, Chile Royalty Gold 2.0% NSR Royalty with 1.0% buy-down for US$2M
Aster 3 Exploration Gold Fields Limited Atacama Region, Chile Royalty Gold 2.0% NSR Royalty with 1.0% buy-down for US$4M
Atlantida (Azul) Exploration Sociedad Minera Atlantida Atacama Region, Chile Royalty Gold, Copper, Molybdenum 2.0% NSR royalty with 1.0% buydown for US$1M until Sept 2026
Aurora Silver Lining Exploration Hecla Mining Company Nevada, USA Royalty Gold 1.5% NSR royalty from first 1.5 Moz; 3.0% NSR royalty from next 1.5 Moz; royalty terminates thereafter
Ayahuanca Exploration Minera La Zanja S.R.L. Cajamarca Province, Peru Royalty Gold 1.5% - 3.0% NSR royalty
Barry Exploration Bonterra Resources Inc. Quebec, Canada Royalty Gold 1.0% NSR royalty
Bear Lodge Exploration Rare Element Resources Ltd. Wyoming, USA Royalty Non-rare earths 0.5% NSR royalty (does not apply to rare earths)
Biddy Well Exploration Northern Star Resources Limited Western Australia, Australia Royalty Gold 1.0% NSR royalty
Blakelock Exploration LaSalle Exploration Corp. Ontario, Canada Royalty Gold 2.0% NSR royalty
Bon Espoir Exploration Auplata Mining Group / Newmont Corp. French Guiana Royalty Gold 1.0% Net Revenue Royalty
Boulevard Exploration Independence Gold Corp. Yukon, Canada Royalty Gold 1.0% NSR royalty
Bourlamaque Exploration Eldorado Gold Corporation Quebec, Canada Royalty Gold 1.5% NSR royalty if gold price >US$400/oz, else 1.0% NSR royalty
Buffalo Valley Exploration SSR Mining Inc. Nevada, USA Royalty Gold 3.0% NSR royalty
Buffalo Valley Exploration SSR Mining Inc. Nevada, USA Royalty Gold 0.5% NSR royalty
Bullfrog Exploration Augusta Gold Corp. Nevada, USA Royalty Gold, Silver 0.5 - 5.5% NSR royalty depending on claim
Bushranger Exploration Xtract Resources New South Wales, Australia Royalty Copper, Gold 0.75% NSR royalty
Calcatreu Exploration Patagonia Gold Rio Negro, Argentina Royalty Gold, Silver 1.25% NSR royalty
Camelback Bore Exploration Glencore (Murrin Murrin) Western Australia, Australia Royalty Nickel, Cobalt A$0.20/t Nickel laterite ore mined during commercial production, capped at 1.75 Mt
Candelaria Exploration Silver One Resources Inc. Nevada, USA Royalty Silver, Gold $1M Production Payment one year after commercial production
Caniapiscau Exploration Osisko Baie-James Quebec, Canada Royalty Gold 1.0% NSR royalty with 0.5% buy-down for C$500k
Capricorne Exploration Visible Gold Mines Inc. Quebec, Canada Royalty Gold Payment of $500,000 by Visible Gold upon the completion of a bankable feasibility report
CentroGold (Jiboia) Exploration BHP Group Limited Maranhão, Brazil Royalty Gold 2.0% NSR royalty stepping down to 1.0% NSR royalty over time with payment
Chimo and Nova Exploration Cartier Resources Inc. Quebec, Canada Royalty Gold 1.0% NSR royalty
Chuchi Exploration Centerra Gold Inc. British Columbia, Canada Royalty Gold, Copper 2.0% NSR royalty
Colombiere Exploration Probe Metals Inc. Quebec, Canada Royalty Gold 2.0% NSR royalty
Colosseum Exploration Dateline Resources Ltd. California, USA Royalty Gold 2.5% NSR royalty
Committee Bay Exploration Fury Gold Mines Nunavut, Canada Royalty Diamonds 1.0% NSR royalty on diamonds
Copper Joe Exploration Centerra Gold Inc. Alaska, U.S.A. Royalty Copper, Molybdenum, Gold 1.0% NSR royalty
COSE Exploration Pan American Silver Corp. Santa Cruz, Argentina Royalty Gold, Silver 2.5% NSR royalty
Crevasse Exploration Piedra Dura Mining Montana, USA Royalty Gold 5.0% NSR royalty
Cristina Exploration Criscora, S.A. de C.V. Chihuahua, Mexico Royalty Gold 2.0% NSR royalty with 1.0% buydown for US$1.0M
Cumobabi Exploration First Majestic Silver Corp. Sonora, Mexico Royalty Copper, Molybdenum, Gold, Silver 1% NSR royalty
Dee Reservation Exploration Barrick Gold Corporation / Newmont Corp. Nevada, USA Royalty Gold 3.0% NSR royalty
Deerhorn Exploration Guardsmen Resources Inc. & Deer Horn Capital Inc. British Columbia, Canada Royalty Silver 2.5% NSR royalty
Dickey Reservation Exploration Private Individual California, USA Royalty Unknown 3.0% GR royalty
Dixie Creek Exploration Orla Mining Ltd. Nevada, USA Royalty Gold, Silver 4.0% NSR royalty with annual advance payments
Dos Cabezas Exploration Pan American Fertilizer Arizona, USA Royalty Gold 2.0% NSR royalty
Douay Venture Exploration Maple Gold Mines Ltd. & Agnico Eagle Mines Limited Quebec, Canada Royalty Gold 1.0% NSR royalty
Dunraine-Relais Exploration Eldorado Gold Corporation Quebec, Canada Royalty Gold 2.0% NSR royalty
East Timmins Exploration Agnico Eagle Mines Limited Ontario, Canada Royalty Gold 0.5% NSR royalty with 0.25% buydown for C$5.0M
Elder-Tagami Exploration Abcourt Mines Quebec, Canada Royalty Gold 2.0% NSR royalty
Eskay Creek Area Exploration Eskay Mining Corp. British Columbia, Canada Royalty Gold, Silver 0.5% NSR royalty
Estrées-Caribou Exploration Yorbeau Resources Quebec, Canada Royalty Gold 2.5% NSR royalty less a third-party royalty on certain claims
Honeymoon (Ethiudna) Exploration Boss Energy Limited New South Wales, Australia Royalty Uranium 1.5% - 3.5% NSR royalty
Eva Cobar (Coronation Hill) Exploration UAU Pty Ltd. Northern Territory, Australia Royalty Uranium 45% interest in a 2.0% NSR royalty with additional Resource Payment Right upon discoveries
Fenn-Gib Exploration Mayfair Gold Ontario, Canada Royalty Gold 1.0% NSR royalty (core claims)
Fenn-Gib Exploration Mayfair Gold Ontario, Canada Royalty Gold 1.0% NSR royalty (back-in claims)
Fenn-Gib Exploration Mayfair Gold Ontario, Canada Royalty Gold 1.5% NSR royalty
Gabbs Valley Exploration Combined Metals Reduction Company Nevada, USA Royalty Gold 0.3% NSR royalty
Gand-Gandior Exploration SOQUEM Inc. & Imperial Mining Group Ltd. Quebec, Canada Royalty Gold 2.0% NSR royalty
Golden Arrow Exploration Emergent Metals Corp. Nevada, USA Royalty Gold, Silver 3.0% NSR royalty with 1.0% buydown for US$1.0M
Golden Eagle Exploration Calibre Mining Corp. Washington, USA Royalty Gold, Silver 2.0% NSR royalty
Green Monster Exploration Mountain Gold Claims LLC Nevada, USA Royalty Gold 1.0% GR royalty
Grizzly Exploration International Samuel Exploration Corp. British Columbia, Canada Royalty Copper, Gold 1.0% NSR royalty
Harker Exploration Agnico Eagle Mines Limited Ontario, Canada Royalty Gold 2.0% NSR royalty with 1.0% buydown prior to commercial production for C$1.0M
Havilah (EL7391) Exploration Thomson Resources New South Wales, Australia Royalty Silver, Zinc, Lead 1.0% NSR royalty
Helada Exploration Gold Fields Limited Atacama Region, Chile Royalty Gold 2.0% NSR Royalty with 1.0% buy-down for US$4M
Hemlo (David Bell) Exploration Barrick Gold Corporation Ontario, Canada Royalty Gold 1.5% NSR royalty on David Bell
Hernandez Exploration First Majestic Silver Corp. Sonora, Mexico Royalty Gold, Silver 2.5% NSR royalty
Heva Exploration Hecla Mining Company Quebec, Canada Royalty Gold 0.5% NSR royalty
Hilltop Exploration Centerra Gold Inc. Nevada, U.S.A. Royalty Gold 2.0% NSR royalty
Hog Heaven Exploration Brixton Metals Corporation / Ivanhoe Electric Inc. Montana, USA Royalty Gold, Silver, Copper 1.5% NSR royalty
Hosco Exploration Hecla Mining Company Quebec, Canada Royalty Gold 0.5% NSR royalty
ITOS Tailings Exploration Empresa Minera Unificada S.A. Oruro, Bolivia Royalty Silver 2.0% NSR royalty
Juby Exploration Aris Mining Corp. Ontario, Canada Royalty Gold 1.0% NSR royalty with 0.5% buydown for US$5M
Kenwest Exploration Dryden Gold Corp. Ontario, Canada Royalty Gold 0.25% NSR royalty
Ket 28 Exploration Grizzly Discoveries Inc. British Columbia, Canada Royalty Gold, Silver 3.0% NSR royalty
Kliyul Exploration Centerra Gold Inc. British Columbia, Canada Royalty Gold, Copper 1.0% NSR royalty
Korokaha Exploration Montage Gold Corp. Cote d'Ivoire Royalty Gold 2.0% NSR royalty
Kraaipan Greenstone Exploration One Bullion Ltd. Kraaipan Greenstone Belt, Botswana Royalty Gold 0.25% NSR royalty
La Promesa Exploration Solitario Zinc Corp. Ancash, Peru Royalty Gold, Silver, Copper, Lead, Indium 2.0% NSR royalty
La Violeta Exploration Grupo Minero Sonora, Mexico Royalty Gold, Silver, Lead, Zinc, Copper 2.5% NSR royalty
Landrienne D-Ress Exploration Yorbeau Resources Inc. Quebec, Canada Royalty Gold 1.0% NSR royalty
Las Cucharas Exploration Terreno Resources Nayarit, Mexico Royalty Gold, Silver 3.0% NSR royalty
Lepine & Destor Exploration First Mining Gold Corp. & Clifton Star Resources Inc. Quebec, Canada Royalty Gold 2.0% NSR royalty
Lesperance-Ouest Exploration SOQUEM Inc. & Niobay Metals Inc. Quebec, Canada Royalty Gold 1.0% NSR royalty
Lewis Exploration Orla Mining Ltd. Nevada, USA Royalty Gold, Silver 3.5% GR royalty on Gold & Silver; 4.0% NSR royalty on all other minerals; advance royalty payments
Lone Star (Tennant Creek) Exploration Emmerson Resources Ltd. Northern Territory, Australia Royalty Gold 1.0% NSR royalty on gold capped at A$850,000
Los Amigos Exploration Hochschild Mining plc (51%) and Mariana Resources (49%). Is this Sandstorm Gold Ltd. Santa Cruz, Argentina Royalty Gold 1.5% NSR royalty
M36/289 Exploration BHP Group Limited Western Australia, Australia Royalty Nickel 2.5% GR royalty
Macmillan Pass Exploration Fireweed Metals Corp. Yukon, Canada Royalty Lead, Zinc, Silver 3.0% NSR Royalty on gold; 1.0% NSR Royalty on silver and PGMs; 0.25% NSR Royalty on all other minerals
Maitland Exploration Dakota Gold Corp. Idaho, USA Royalty Gold 2.5% NSR royalty
Manhattan Exploration Scorpio Gold Corp. Nevada, USA Royalty Gold 1.0% NSR royalty
Marcelo Pablo Pintos Exploration Minera Millaray Mendoza, Argentina Royalty Gold 0.5% NSR royalty
Maria Cecilia Exploration Camino Minerals Corp Ancash, Peru Royalty Copper, Gold, Silver 1.5% NSR royalty
Marigold Exploration SSR Mining Inc. Nevada, USA Royalty Gold, Silver 2.0% NSR royalty
Maverick Springs Exploration Element79 Gold Corp Nevada, USA Royalty Gold, Silver 1.5% NSR royalty
McCrea Reservation Exploration Private Individual California, USA Royalty Gold 5.0% GR royalty
Medicine Springs Exploration Reyna Silver Corp. Nevada, USA Royalty Silver, Zinc, Lead 0.5% NSR royalty
Mishi Exploration Wesdome Gold Mines Ltd. Ontario, Canada Royalty Gold 1.0% NSR royalty
Monte Cristo Exploration Hecla Mining Company Nevada, USA Royalty Gold, Silver 3.0% NSR royalty with 2.0% buydown for US$3.0M; advance annual payments of US$5,000
Montezuma Exploration Austral Gold Ltd. Antofagasta Region, Chile Royalty Gold, Copper 1.0% NSR royalty
Monument Bay Exploration Agnico Eagle Mines Limited Manitoba, Canada Royalty Gold, Tungsten 1.5% NSR royalty
Mountain View Exploration Millennial Precious Metals Corp. Nevada, USA Royalty Gold 1.5% NSR royalty
Mpokoto Exploration Arrow Mining Pty Ltd. Lualaba, DRC Royalty Gold 1.5% NSR royalty
Musgrave (Pink Slipper / Woodroffe / Giles) Exploration Power Minerals Ltd. South Australia, Australia Royalty Nickel, Copper, Cobalt 1.5% NSR royalty
Mystery Lake (Thompson Nickel Belt) Exploration Vale Canada Ltd. Manitoba, Canada Royalty Nickel, Copper, Cobalt 0.35% NSR royalty
Namdini / Bolgatanga (Nangodi) Exploration Shandong Gold Mining Co. Ltd. Upper East Region, Ghana Royalty Gold 1.0% NSR royalty
Namdini / Bolgatanga (Yameriga) Exploration Shandong Gold Mining Co. Ltd. Upper East Region, Ghana Royalty Gold 1.0% NSR royalty
Niñobamba (Minera Rio Plata) Exploration Rio Silver Inc. Ayacucho, Peru Royalty Silver 60% interest in a 2.0% NSR royalty
Nipisi Area Oil Sands Exploration Canadian Natural Resources Limited Alberta, Canada Royalty Oil, Natural gas 1% to 2.5% Gross Overriding Royalty (volume dependent)
North Stawell (Leviathan) Exploration North Stawell Minerals Limited Victoria, Australia Royalty Gold 1.0% NSR royalty
Noyem Exploration AKA Petroleum Ghana Ltd. Eastern Region, Ghana Royalty Gold 2.0% NSR royalty
Nueva Esperanza Exploration Kingsgate Consolidated Atacama Region, Chile Royalty Silver, Gold 2.0% - 3.0% NSR Royalty
Nyakafuru Exploration Cienega S.A.R.L Shinyanga, Tanzania Royalty Gold US$10 per ounce for each additional resource ounce of gold, attributable to the former IAMGOLD interest that is discovered on the project, up to a total cap of US$3.75M
Orban (Mungari Hub) Exploration Evolution Mining Ltd. Western Australia, Australia Royalty Gold Greater of 25% NPI or A$0.50 - A$1.25/t ore
Panton Sill Exploration Future Metals NL Western Australia, Australia Royalty Restricted to PGMs 2.0% NSR royalty on PGMs
Perseverance Exploration Cordoba Minerals Corp. / Bell Copper Corp. Arizona, USA Royalty Copper 4.0% NSR Royalty with Advance Royalty Payments of US$60,132 per year and 2.0% Buydown for US$4.0M
Poura Exploration Cluff Africa Associates UK Ltd. Mouhoun, Burkina Faso Royalty Gold 0.5% NSR royalty
Mount Monger Hub (Promise) Exploration Silver Lake Resources Ltd. Western Australia, Australia Royalty Gold A$1.50/dry tonne on 70% of ore treated by CIP or CIL or sold before treatment
Queensway Exploration New Found Gold Corp. Newfoundland, Canada Royalty Gold 0.2% to 0.5% NSR royalty depending on claim
Quiruvilca Exploration Lida Resources Ltd. Santiago de Chuco, Peru Royalty Copper, Lead, Zinc & Silver 1.0% NSR royalty
Railroad Claims Exploration Orla Mining Ltd. Nevada, USA Royalty NA 4.0% royalty (NSR on metallic and GR on non-metallic) with Advance Royalty Payments of US$75,000+ per year
Rainy River Area Exploration Private Ontario, Canada Royalty Gold 0.75% NSR royalty
RDN Exploration Aben Resources Ltd. British Columbia, Canada Royalty Gold, Copper 1.33% NSR royalty
Red Lake Area Exploration Private Ontario, Canada Royalty Gold 1.0% NSR royalty
Red Lake / Madsen Area Exploration Pacton Gold Inc. Ontario, Canada Royalty Gold 1.0% NSR royalty
Redton Exploration Centerra Gold Inc. British Columbia, Canada Royalty Gold, Copper 2.0% NSR royalty
Relief Canyon (Pershing Pass) Exploration Americas Gold & Silver Corp. Nevada, USA Royalty Gold 2.0% NSR royalty and Advance Royalty Payments of US$30,000 to US$60,0000 per year
Rex-Duquet Exploration Azimut Exploration Inc. Quebec, Canada Royalty Copper, Gold, Silver, Rare Earths 0.75% NSR royalty
Robinson Reservation Exploration Private Individual California, USA Royalty NA 3.0% GR royalty
Rock Creek Exploration Western States Minerals Corp. Nevada, USA Royalty NA 0.5% NSR royalty
Rosebud Exploration Rosebud Exploration LLC Nevada, USA Royalty Gold-Silver 3.0% NSR royalty with 1.5% Buydown for US$750k/0.5% and Advance Royalty Payments of US$50,000 per year
Santa Rosa Exploration Newmont Corp. Zacatecas, Mexico Royalty Gold, Silver, Zinc, Lead 3.0% NSR royalty with 1.0% Buydown for US$2.5M
Sanutura (South Hounde / Takoro) Exploration Sarama Resources Ltd. Cascades, Burkina Faso Royalty Gold 1st of a pair of royalties that together cover the property: 1.0% - 2.0% NSR royalty (2.0% at Au > $1500/oz), capped
Sanutura (South Hounde / Takoro) Exploration Sarama Resources Ltd. Cascades, Burkina Faso Royalty Gold 2nd of a pair of royalties that together cover the property: 1.0% - 2.0% NSR royalty (2.0% at Au > $1500/oz), capped
Sconi Project (Hopewell / Kokomo) Exploration Australian Mines Ltd. Queensland, Australia Royalty Nickel, Co, Sc A$1.00 to A$2.00/t dry ore and annual payments of A$50k after mining lease is granted
Sierra Blanca Exploration Austral Gold Santa Cruz, Argentina Royalty Gold 1.5% NSR royalty with 0.75% buy-down for C$750k
Scotia Project Exploration Shine Resources Pty Ltd. Western Australia, Australia Royalty Gold A$1.20/tonne ore milled
Sierra Blanca Exploration Austral Gold Limited Santa Cruz, Argentina Royalty Gold 1.5% NSR royalty with 0.75% buydown for C$750k
Sleeping Giant Exploration Abcourt Mines Inc. Quebec, Canada Royalty Gold 2.0% NSR royalty with up to 1.0% Buydown for US$6M
Sleepy Block Exploration Probe Metals Inc. / O3 Mining Inc. Quebec, Canada Royalty Gold 2.0% NSR royalty 1.0% buy-down for C$500k
Sofia (Anocarire) Exploration AndeX Minerals Arica and Parinacota Region, Chile Royalty Gold 1.0% NSR Royalty
Spring Valley Exploration Waterton Global Resource Management Ltd. Nevada, USA Royalty Gold 2.0% NSR Royalty
St. Honore Exploration Niobec Inc. & Magris Resources Inc. Quebec, Canada Royalty Other 2.0% NSR royalty
Stradacona-East (Forbex) Exploration Visible Gold Mines Inc. Quebec, Canada Royalty Gold 1.25% NSR royalty
Subranum Exploration Shandong Gold Mining Co. Ltd. Ashanti, Ghana Royalty Gold 2.0% NSR royalty
Sunrise Dam Exploration AngloGold Ashanti Ltd. Western Australia, Australia Royalty Gold & Silver A$10/oz - A$15/oz recovered gold scaled by with gold price multiplier; pit void backfill royalty of A$0.15 per cubic meter
Taviche Este Exploration Fortuna Silver Mines Inc. Oaxaca, Mexico Royalty Gold & Silver 1.5% NSR royalty
Tedeboy Exploration Nevada Copper Corp. Nevada, U.S.A. Royalty Copper, Gold, Silver 2.0% NSR Royalty
Thunder Bay North Exploration Clean Air Metals Inc. Ontario, Canada Royalty PGM, Copper, Ni 2.5% NSR royalty; buydown to 1.5% for C$10.5M on or before 3 years from Effective Date. ROFR on future streams and royalties.
Trenton Canyon Exploration SSR Mining Inc. Nevada, U.S.A. Royalty Gold 0.5% NSR royalty
Uudam Khundii Exploration Corundum Geo LLC (Steppe Gold sub) Bayankhongor, Mongolia Royalty Gold 3.0% NSR royalty
Val-d’Or East Exploration Probe Metals Inc. Quebec, Canada Royalty Gold 2.0% NSR royalty with 1.0% buy-down for $500,000
Vivien Exploration Ramelius Resources Limited Western Australia, Australia Royalty Gold 3.5% GR royalty
Waihi Exploration OceanaGold Corp. Waikato Region, New Zealand Royalty Gold 1.0% NSR royalty on gold, capped at 300 koz of gold
Williams (BC) Exploration International Samuel Exploration Corp. British Columbia, Canada Royalty Gold 0.75% NSR royalty
Williams (BC) Exploration International Samuel Exploration Corp. British Columbia, Canada Royalty Gold 0.50% NSR royalty
Wingellina (Central Musgrave / Giles) Exploration NiCo Resources Limited South Australia, Australia Royalty Nickel, Copper, Cobalt & Gold 1.5% NSR royalty
Operation Stage Operator Location Asset Type1 Metals Exposure Asset Terms
Barite Lease Other Halliburton Energy Services Inc. Nevada, USA Royalty Barite US$1.00/ton barite adjusted for CPI up to a max of US$1.50/ton, with Advance Royalty Payments of US$15,000 per year
Bentonite Quarry Other Industrial Minerals & Technology, LLC Nevada, USA Royalty Clay and earth US$1.90/ton material adjusted for CPI with Advance Royalty Payments of ca. $6,400 per year
Churchill Limestone Other Nevada Cement Company Nevada, USA Royalty Limestone US$0.30/ton limestone
Dolomite Other Nutritional Additives Corporation Nevada, USA Royalty Dolomite $2.40+/ton dolomite based on sales price; Annual Rental payments of US$20/acre, but not less than $5,000
Geothermal Other Ormat Nevada Nevada, USA Royalty Geothermal Electricity 3.5% GR royalty and Annual Rental Fee
Relief Canyon (Limestone) Other Nevada Cement Nevada, USA Royalty Limestone US$0.50/short ton limestone
Tungsten Other Red Leaf Resources, Inc. / Wells Tungsten, Inc. Nevada, USA Royalty Tungsten - Industrial Minerals 2.0% GR Royalty

1. GR Royalty is Gross Revenue Royalty, and NSR Royalty is Net Smelters Return Royalty.
2. Stream percentages or royalty rates subject to adjustment in certain circumstances.
3. Talon Metals Corp.’s interest in the Tamarack project is assumed to reach 60% after full earn-in by Talon. Talon’s interest is currently at 51%.
4. Each royalty is subject to a 50% buy-down with proceeds payable to a third-party.
5. Funding of the initial deposit remains subject to certain conditions of closing, including the announcement by Centerra Gold Inc. of a construction decision.
6. Partial coverage of the Helen zone.