RBC

Triple Flag Precious Metals Corp is an emerging senior streaming and royalty company that focuses primarily on gold. The company operates a diversified portfolio of precious metal properties across various countries, including Australia, Canada, Colombia, Côte d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, and the United States. Triple Flag emphasizes adaptability and flexibility in structuring customized financing solutions to meet the specific needs of its mining partners. By fostering strong relationships and maintaining a distinct culture, the company has successfully sourced a significant number of its deal opportunities through referrals from existing counterparties and its extensive network, promoting direct discussions with potential partners rather than relying on competitive auction processes.

Sandfire Resources is an Australian mining and exploration company focused on copper and other minerals. The company operates several key segments, including the DeGrussa operations in Australia, the MATSA operations in Spain, the Black Butte Project in the United States, and the Motheo operations in Botswana. The MATSA operation, which includes a polymetallic mining complex with three underground mines and a central processing facility, is the primary revenue generator for Sandfire. This facility processes approximately 4.7 million tonnes per annum and produces copper, zinc, and lead concentrates, which are delivered to customers in Spain. Through its diverse projects and geographic presence, Sandfire Resources aims to enhance its position in the global mining sector.

Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden, and Spain. The company produces copper, zinc, lead, and nickel and also holds a 24% equity stake in the Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and the Kokkola cobalt refinery in Finland. Lundin Mining Corporation focuses on mining and refining base metals to meet global demand for these essential materials.

Ecora Resources PLC is a company that specializes in acquiring royalties from a diverse portfolio of mining assets, primarily focusing on base metals and bulk materials. Its portfolio includes key commodities such as copper, nickel, iron ore, gold, cobalt, vanadium, metallurgical coal, and uranium. Notable assets include Voisey's Bay, Mantos Blancos, and Maracas Menchen, among others. The company operates in low-risk jurisdictions and aims to enhance its income growth by investing in cash-generating royalties and exploring opportunities in earlier stage royalties. Ecora Resources is committed to returning a substantial portion of its royalty revenues to shareholders as dividends.

McEwen Mining Inc. is a mining and minerals production company focused on the exploration, development, production, and sale of gold and silver, primarily in the Americas. The company operates wholly-owned mines such as the El Gallo 1 mine in Mexico and holds a 49% interest in the San José silver-gold mine in Argentina. It also owns various exploration and development projects, including the Gold Bar project in Nevada and the Los Azules copper deposit in Argentina. McEwen Mining's other properties include the Black Fox Mine and multiple exploration sites in Canada. Founded in 1979 and headquartered in Toronto, Canada, the company aims to be a profitable mid-tier producer of precious metals. With a significant focus on gold and silver, McEwen Mining's operations are geographically diverse, with substantial output derived from its projects in Canada and Mexico.

Boliden is a metals company focused on sustainable development, operating in the fields of exploration, mining, smelting, and metals recycling. The company manages six mining areas and five smelters across Sweden, Norway, Finland, and Ireland, employing approximately 5,500 individuals and generating an annual turnover of around SEK 40 billion. Boliden's mining operations include both open-pit and underground mines, extracting ores primarily for zinc, copper, gold, and silver. The extracted ores are processed into metal concentrates at local concentrators and further refined into high-quality metals at the company's smelters. Boliden's products are mainly sold to industrial customers in Europe, with significant demand from the automotive and construction industries. The company plays a vital role in the circular economy by supplying essential resources while ensuring the recycling of metals after use, thereby contributing to long-term value for shareholders, employees, customers, suppliers, and local communities.