RBC

Russel Metals Inc. (Russel Metals or the Company) is one of the largest metals distribution and processing companies in North America. The Company primarily distributes steel products and conducts its distribution business in three principal business segments: metals service centers; energy products and steel distributors.

Sabina Gold & Silver Corp. is an emerging precious metals company with district scale, world class undeveloped assets in one of the world's newest, politically stable mining jurisdictions: Nunavut, Canada. Sabina recently released a Feasibility Study on its 100% owned Back River Gold Project which presents a project that has been designed on a fit-for purpose basis, with the potential to produce ~200,000 ounces a year for ~11 years with a rapid payback of 2.9 years. At a US$1,150 gold price and a 0.80 exchange rate, the Study delivers a potential after tax internal rate of return of approximately 24.2% with an initial CAPEX of $415 million.

Marathon Gold Corporation is a Canadian company focused on the acquisition, exploration, and development of mineral resource projects, primarily targeting gold and other precious and base metals. The company's flagship asset is the Valentine Lake gold property, situated in Newfoundland and Labrador. This project encompasses a series of four mineralized deposits connected by a 20-kilometer system, showcasing the company's commitment to advancing its mining operations. Incorporated in 2009, Marathon Gold is headquartered in Toronto, Canada, and aims to leverage its exploration efforts to enhance its portfolio in the mining sector.

Lumina Gold Corp. is a Vancouver-based exploration stage company focused on the acquisition, exploration, evaluation, and development of precious and base metals in Ecuador. The company primarily targets gold and copper deposits, with its principal project being the Cangrejos project in El Oro Province, which encompasses approximately 6,373 hectares. This project is currently undergoing a Pre-Feasibility Study and is recognized as the primary gold deposit in Ecuador. Lumina Gold, formerly known as Odin Mining and Exploration Ltd., has a management team with a proven track record in advancing and monetizing exploration projects. Established in 1988, the company continues to concentrate its efforts on mineral properties in Ecuador.

McEwen Mining Inc. is engaged in the exploration, development, production, and sale of gold and silver, operating primarily in the United States, Canada, Mexico, and Argentina. The company holds a 49% interest in the San José silver-gold mine in Argentina and owns several projects in Mexico, including the El Gallo complex. In Canada, McEwen Mining controls the Black Fox Mine and several exploration properties, while also owning interests in the Gold Bar project in Nevada and the Los Azules copper deposit in Argentina. The company's exploration efforts are focused on acquiring and developing additional resources in regions surrounding its existing operations, such as Santa Cruz province in Argentina and areas adjacent to significant mining sites in Nevada and Mexico. Founded in 1979 and headquartered in Toronto, Canada, McEwen Mining aims to position itself as a profitable mid-tier producer within the industry.

Marathon Gold Corporation is a Canadian company focused on the acquisition, exploration, and development of mineral resource projects, primarily targeting gold and other precious and base metals. The company's flagship asset is the Valentine Lake gold property, situated in Newfoundland and Labrador. This project encompasses a series of four mineralized deposits connected by a 20-kilometer system, showcasing the company's commitment to advancing its mining operations. Incorporated in 2009, Marathon Gold is headquartered in Toronto, Canada, and aims to leverage its exploration efforts to enhance its portfolio in the mining sector.

Lumina Gold Corp. is a Vancouver-based exploration stage company focused on the acquisition, exploration, evaluation, and development of precious and base metals in Ecuador. The company primarily targets gold and copper deposits, with its principal project being the Cangrejos project in El Oro Province, which encompasses approximately 6,373 hectares. This project is currently undergoing a Pre-Feasibility Study and is recognized as the primary gold deposit in Ecuador. Lumina Gold, formerly known as Odin Mining and Exploration Ltd., has a management team with a proven track record in advancing and monetizing exploration projects. Established in 1988, the company continues to concentrate its efforts on mineral properties in Ecuador.

Skeena Resources Limited is a Canadian mining exploration company based in Vancouver, focusing on the development of precious and base metal properties in the Golden Triangle region of northwest British Columbia. The company holds full ownership of several key assets, including the Snip gold mine, the Spectrum-GJ copper-gold properties, and the Blackdome gold mine. It has also secured an option to acquire the Eskay Creek gold mine, which is recognized for its significant resources. Skeena's primary activities involve exploring and developing these past-producing mines, with a particular emphasis on Eskay Creek, which has a substantial open-pit resource. Recent assessments indicate robust economic potential for the Eskay Creek project, highlighting its viability for future development.

Guyana Goldfields Inc. specializes in the exploration and production of gold, primarily within the Guiana Shield region of South America, which encompasses parts of Guyana, Venezuela, Suriname, French Guiana, and northern Brazil. The company was established in 1994 and has been actively operating in Guyana since 1996. It focuses on the acquisition, exploration, and development of gold mineral properties, with particular emphasis on the Aurora and Aranka properties. As of August 2020, Guyana Goldfields operates as a subsidiary of Zijin Mining Group Company Limited.

Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition, exploration, development, mining and processing of precious metals.

Primero Mining Corp. is a Canadian-based precious metals producer that owns 100% of the San Dimas gold-silver mine and the Cerro del Gallo gold-silver-copper development project in Mexico and 100% of the Black Fox mine and adjoining properties in the Township of Black River-Matheson near Timmins, Ontario, Canada. Primero offers immediate exposure to un-hedged, below average cash cost gold production with a substantial resource base in politically stable jurisdictions. The Company is focused on becoming a leading intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.

Osisko Gold Royalties is an intermediate precious metal royalty company based in Montreal, Quebec. It specializes in acquiring and managing a diverse portfolio of over 130 royalties, streams, and precious metal offtakes, primarily focused on North America. The company's most significant asset is a 5% net smelter return royalty on the Canadian Malartic Mine, the largest gold mine in Canada. In addition to its royalty interests, Osisko maintains stakes in several publicly traded resource companies, including Barkerville Gold Mines and Osisko Mining. The company operates under two main segments: managing precious metal royalties and the exploration and development of mining projects. Osisko's income is predominantly generated from North America, with ongoing exploration efforts in various locations, including the Hammond Reef Project in Ontario and other ventures in Mexico.

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stagemore

Osisko Gold Royalties is an intermediate precious metal royalty company based in Montreal, Quebec. It specializes in acquiring and managing a diverse portfolio of over 130 royalties, streams, and precious metal offtakes, primarily focused on North America. The company's most significant asset is a 5% net smelter return royalty on the Canadian Malartic Mine, the largest gold mine in Canada. In addition to its royalty interests, Osisko maintains stakes in several publicly traded resource companies, including Barkerville Gold Mines and Osisko Mining. The company operates under two main segments: managing precious metal royalties and the exploration and development of mining projects. Osisko's income is predominantly generated from North America, with ongoing exploration efforts in various locations, including the Hammond Reef Project in Ontario and other ventures in Mexico.

Detour Gold Corporation (TSX: DGC) is a Canadian intermediate gold producer. The Company owns and operates the Detour Lake mine, a long life large-scale open pit operation in the mining-friendly jurisdiction of northern Ontario. Currently, Detour Lake is the second largest gold producing mine in Canada with the largest gold reserves. Detour Gold is in a position to deliver superior returns with its growing cash flow profile, organic growth initiatives, and significant potential for further exploration discoveries on its large land package. The Company is dedicated to responsible mining and to the highest safety and environment standards while having a strong commitment to the communities they operate and live in.

Mercator Minerals is a metal mining company based in Vancouver, specializing in the exploration, development, and extraction of mineral resources in the United States and Mexico. The company operates the Mineral Park mine, a producing copper and molybdenum facility located near Kingman, Arizona. Additionally, Mercator is involved in the El Pilar project, which focuses on copper exploration and development in Northern Mexico, as well as the El Creston project, dedicated to molybdenum exploration and development in the same region. The company's operations primarily encompass mineral property management and the extraction of copper and molybdenum, contributing significantly to its revenue through these activities.

Labrador Iron Mines is engaged in the mining of iron ore and in the exploration and development of direct shipping iron ore projects (the "Schefferville Projects") in the central part of the prolific Labrador Trough region, one of the major iron ore producing regions in the world, situated in the Menihek area in the Province of Newfoundland and Labrador and in the Province of Quebec, centered near the town of Schefferville, Quebec. The Schefferville Projects consist of the James Mine and adjacent Stage 1 deposits and Silver Yards processing facility, the Stage 2 Houston property, which includes the Malcolm 1 deposit, the Stage 3 Howse property, held in a joint venture with Tata Steel Minerals Canada Limited ("TSMC") and, subject to further exploration and development, other iron ore properties in the vicinity of Schefferville. LIM's Schefferville Projects are connected by a direct railway to the Port of Sept-Iles on the Atlantic Ocean and benefit from established infrastructure, including, the town, airport, roads, hydro power and rail service. LIM's Schefferville Projects comprise 20 different iron ore deposits, which were part of the original Iron Ore Company of Canada ("IOC") direct shipping operations conducted from 1954 to 1982 and formed part of the 250 million tonnes of historical reserves and resources previously identified by IOC. These historical resources estimates are based on work completed and estimates prepared by IOC prior to 1983 and were not prepared in accordance with NI 43-101. LIM's iron ore deposits which comprise the Schefferville Projects are divided into two separate portions, one within the Province of Newfoundland and Labrador and the other within the Province of Quebec. Since production commenced in June 2011, LIM has completed three operating seasons and has sold 23 shipments totalling 3.6 million dry tonnes (3.8 million wet tonnes) of iron ore into the Chinese spot market. LIM did not undertake any mining operations for the 2014 operating season due to a combination of the prevailing low price of iron ore, an assessment of the current economics of its deposits and a strategic shift in corporate focus towards establishing a lower cost operating framework, while concurrently negotiating the commercial terms of major contracts. LIM's current focus is seeking additional financing and completing a debt restructuring. The Company is also working on development of the Houston Mine, to be in a position to complete construction and begin mining operations from Houston when market conditions permit, subject to completion of financing and negotiation of major contracts.

Midas Gold Corp. is a mineral exploration company based in Vancouver, Canada, focused on gold deposits and their by-products, including antimony and silver. The company's primary asset is the Stibnite Gold Project, located in Valley County, Idaho, which it owns outright. This project is situated in a historic mining district and is distinguished by its potential for large-scale, long-life, and low-cost open pit mining, as supported by an independent Pre-feasibility Study. The Stibnite Gold Project boasts substantial high-grade gold reserves and strong growth prospects, positioning it as a significant development opportunity in North America.

Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Mine Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse.

Detour Gold Corporation (TSX: DGC) is a Canadian intermediate gold producer. The Company owns and operates the Detour Lake mine, a long life large-scale open pit operation in the mining-friendly jurisdiction of northern Ontario. Currently, Detour Lake is the second largest gold producing mine in Canada with the largest gold reserves. Detour Gold is in a position to deliver superior returns with its growing cash flow profile, organic growth initiatives, and significant potential for further exploration discoveries on its large land package. The Company is dedicated to responsible mining and to the highest safety and environment standards while having a strong commitment to the communities they operate and live in.