BMO Capital Markets

Founded in 1999, Bear Creek Mining is a Vancouver-based company engaged in the exploration and development of precious and base metal properties in Peru. Its primary focus is on silver, lead, zinc, gold, and copper deposits.

Equinox Gold is a multi-asset mining company focused on gold production. It aims to commence operations at the Aurizona Gold Mine in Brazil by year-end 2018, with potential expansion through the Castle Mountain project in California. The company has an impressive pipeline of gold and copper assets across the Americas.

Founded in 1999, Bear Creek Mining is a Vancouver-based company engaged in the exploration and development of precious and base metal properties in Peru. Its primary focus is on silver, lead, zinc, gold, and copper deposits.

Equinox Gold is a multi-asset mining company focused on gold production. It aims to commence operations at the Aurizona Gold Mine in Brazil by year-end 2018, with potential expansion through the Castle Mountain project in California. The company has an impressive pipeline of gold and copper assets across the Americas.

Nouveau Monde Graphite Inc. is a mineral exploration company focused on the acquisition, exploration, evaluation, and development of graphite properties in Quebec, Canada. Founded in 2011 and headquartered in Saint-Michel-des-Saints, the company owns the Matawinie property, which consists of 319 mining claims covering 17,585 hectares located north of Montreal. Nouveau Monde Graphite is dedicated to developing a natural graphite-based anode material aimed at supplying the lithium-ion battery industry, thereby targeting the growing North American market for battery-grade materials. The company emphasizes environmentally responsible practices in its operations, aligning with the increasing demand for sustainable and low-impact sources of natural graphite for battery manufacturers. Its projects include the Matawinie Mine and the Battery Material Plant, positioning Nouveau Monde Graphite as a key player in the green energy transition.

GoGold Resources is a Canadian company engaged in exploration, development, and production of gold and silver primarily in Mexico. Its primary assets include the Parral Tailings project in Chihuahua State and the Los Ricos project in Jalisco State.

Frontier Lithium is a Canada-based company focused on the acquisition, exploration, and development of mining properties with emphasis on lithium, as well as cesium, tantalum and rubidium. It owns 100% of the PAK Lithium Project in northwestern Ontario, a large pegmatite mineralized system spanning about 26,774 hectares across 1,378 mining claim units. The company is pursuing development of the project and exploring potential production options, including a strategic partnership with XPS Expert Process Solutions to refine spodumene concentrate into lithium hydroxide. Frontier Lithium, which began as Houston Lake Mining and changed its name in 2016, is headquartered in Val Caron, Canada.

Enerplus is a North American energy producer established in 1986, specializing in the production and development of crude oil and natural gas assets in Canada and the United States. The company primarily derives its oil production from the Williston Basin and produces significant natural gas from the Marcellus Shale. Enerplus focuses on acquiring rights to use these resources through royalties paid to government entities, landowners, and mineral rights holders. By managing a portfolio of high-quality, low-decline assets alongside growth opportunities in resource plays, Enerplus aims to deliver value to investors through both income and organic growth. The company sells its crude oil and natural gas to customers in the regions where it operates, either at the well or at designated delivery points.

Founded in 1999, Bear Creek Mining is a Vancouver-based company engaged in the exploration and development of precious and base metal properties in Peru. Its primary focus is on silver, lead, zinc, gold, and copper deposits.

Sabina Gold & Silver Corp. is a precious metals exploration and development company based in Vancouver, Canada. Focused primarily on gold deposits, the company is advancing its flagship Back River gold project, which encompasses several properties, including Goose, George, Boulder, and Boot, along with a port facility at Bathurst Inlet in southwestern Nunavut. Additionally, Sabina holds a silver royalty on the Hackett River project, located within a 10,637-hectare area in Nunavut. Founded in 1966 and originally named Sabina Silver Corporation, the company rebranded in 2009 to reflect its broader focus on gold. Sabina Gold & Silver is committed to becoming a significant gold producer through the phased development of its mineral assets in politically stable mining jurisdictions.

Founded in 1999, Bear Creek Mining is a Vancouver-based company engaged in the exploration and development of precious and base metal properties in Peru. Its primary focus is on silver, lead, zinc, gold, and copper deposits.

GoGold Resources is a Canadian company engaged in exploration, development, and production of gold and silver primarily in Mexico. Its primary assets include the Parral Tailings project in Chihuahua State and the Los Ricos project in Jalisco State.

Stornoway Diamond Corporation is a prominent Canadian company focused on the mining, acquisition, and exploration of diamond properties. Established in 1986 and headquartered in Longueuil, Quebec, Stornoway's primary asset is the fully-owned Renard Mine, which is currently under construction and is set to become Quebec's first diamond mine. In addition to the Renard project, the company holds a portfolio of exploration assets across Canada, including properties and joint ventures such as Adamantin, Qilalugaq, and Pikoo. Stornoway aims to enhance its business through the continued exploration and development of its diamond mining operations.

McEwen Mining is a diversified precious metals mining company focused on exploration, development, and production across North America and Argentina. It operates mines in Nevada, Canada, Mexico, and Argentina, with principal assets including the San José mine in Argentina, El Gallo complex in Mexico, Gold Bar project in Nevada, and Los Azules copper deposit in Argentina.

McEwen Mining is a diversified precious metals mining company focused on exploration, development, and production across North America and Argentina. It operates mines in Nevada, Canada, Mexico, and Argentina, with principal assets including the San José mine in Argentina, El Gallo complex in Mexico, Gold Bar project in Nevada, and Los Azules copper deposit in Argentina.

Trevali Mining Corporation is a base-metals mining company focused on the acquisition, exploration, development, and production of mineral properties, primarily targeting zinc, lead, silver, gold, and copper deposits. The company operates several key assets, including the Perkoa Mine in Burkina Faso, the Rosh Pinah Mine in Namibia, and the Caribou Mine in New Brunswick, Canada, which is currently undergoing commissioning. Additionally, Trevali produces zinc and lead-silver concentrates at its Santander Mine in Peru. The company was incorporated in 1964 and is headquartered in Vancouver, Canada.

Klondex Mines (TSX: KDX; NYSE MKT:KLDX) is on the path to building a leading integrated gold and silver producer focused in North Central Nevada. The company is producing from its Midas mine and operating an ongoing bulk sampling program at its Fire Creek high-grade gold project. Midas, Klondex's newly acquired operating mine and milling facility are located ~100 miles north of Fire Creek. Klondex's secondary focus is acquiring, exploring, and developing other gold and silver properties in Nevada. Currently, Klondex has three other gold exploration properties, and it reviews and considers other projects for inclusion.

Founded in 1999, Bear Creek Mining is a Vancouver-based company engaged in the exploration and development of precious and base metal properties in Peru. Its primary focus is on silver, lead, zinc, gold, and copper deposits.

Enerplus is a North American energy producer established in 1986, specializing in the production and development of crude oil and natural gas assets in Canada and the United States. The company primarily derives its oil production from the Williston Basin and produces significant natural gas from the Marcellus Shale. Enerplus focuses on acquiring rights to use these resources through royalties paid to government entities, landowners, and mineral rights holders. By managing a portfolio of high-quality, low-decline assets alongside growth opportunities in resource plays, Enerplus aims to deliver value to investors through both income and organic growth. The company sells its crude oil and natural gas to customers in the regions where it operates, either at the well or at designated delivery points.

Sabina Gold & Silver Corp. is a precious metals exploration and development company based in Vancouver, Canada. Focused primarily on gold deposits, the company is advancing its flagship Back River gold project, which encompasses several properties, including Goose, George, Boulder, and Boot, along with a port facility at Bathurst Inlet in southwestern Nunavut. Additionally, Sabina holds a silver royalty on the Hackett River project, located within a 10,637-hectare area in Nunavut. Founded in 1966 and originally named Sabina Silver Corporation, the company rebranded in 2009 to reflect its broader focus on gold. Sabina Gold & Silver is committed to becoming a significant gold producer through the phased development of its mineral assets in politically stable mining jurisdictions.

Romarco Minerals Inc. is an exploration and development stage mining company focused on acquiring, exploring, and developing precious metals mineral properties in the United States. The company's flagship project is the Haile Gold Mine, located northeast of Kershaw in southern Lancaster County, South Carolina, where it is currently engaged in exploration drilling, conducting a bankable feasibility study, and obtaining necessary permits. In addition to the Haile Gold Mine, Romarco also has interests in the Pinos Gold District in Mexico, a high-grade epithermal vein district that is in the advanced exploration stage. Headquartered in Toronto, Canada, Romarco Minerals operates as a subsidiary of OceanaGold Corporation.

Denison Mines is a uranium exploration company primarily focused on the Athabasca Basin region of northern Saskatchewan, Canada. It holds a significant 95% interest in its flagship Wheeler River Uranium Project, an undeveloped uranium project located in the eastern part of the basin with established infrastructure.

TMAC Resources Inc. is a Canadian mineral exploration and development company focused on gold deposits. Established in 2012 and headquartered in Toronto, the company holds a 100% interest in the Hope Bay Project, which spans 1,101 square kilometers in the Kitikmeot region of western Nunavut Territory. This property is situated within the Hope Bay greenstone belt, an area recognized for its potential as a significant gold mining camp in Canada. TMAC Resources is dedicated to the responsible and sustainable exploration, development, and mining of its mineral assets, primarily concentrating on precious metals, specifically gold. The company aims to leverage the substantial resource potential of the Hope Bay Project to establish itself in the mining industry.

Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.

NuVista Energy Ltd. is a Calgary-based company engaged in the exploration, development, and production of condensate, oil, and natural gas reserves within the Western Canadian Sedimentary Basin. The company primarily focuses on the condensate-rich Montney formation located in the Wapiti area of the Alberta Deep Basin. Established in 2003, NuVista has transformed its operations by emphasizing the development of its valuable Wapiti Montney play, which significantly contributes to its hydrocarbon production. Condensate, which constitutes nearly half of the company's sales, plays a crucial role in the heavy oil industry by enhancing the viscosity required for pipeline transportation. To support its production capabilities, NuVista operates compressor and dehydration stations, further optimizing its service assets in the region. The company has also made strides in financial management, reducing long-term debt substantially, which allows for continued investment in its core operations and growth opportunities.

Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.

Mercator Minerals is a mining company specializing in the extraction and production of various metals. It engages in exploration, extraction, and processing, contributing to the supply chain of essential metals through efficient methods.

Perpetua Resources is a mineral exploration company centered on the redevelopment of gold and antimony deposits in the historic Stibnite-Yellow Pine district of central Idaho. The company's primary asset is the Stibnite Gold Project, which is recognized as one of the highest-grade open-pit gold deposits in the United States. This project aims to implement a modern and responsible mining approach that not only produces gold but also restores the environment of an abandoned mine site and revives a key source of antimony, the only mined source in the country. Perpetua Resources is committed to providing essential resources for the American future while benefiting the surrounding community, and it actively seeks practical solutions to balance growth with environmental stewardship.

Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.

Kaminak Gold is a Canada-based exploration-stage company dedicated to the advancement of its Coffee Gold Project, which it wholly owns. The Coffee Gold Project is recognized as a multi-million ounce, high-grade oxide gold district located in the Yukon Territory, Canada, south of Dawson City. The project is particularly notable for its potential for heap leaching, making it a significant asset in the company's portfolio as it seeks to develop mineral properties within this promising region.

Romarco Minerals Inc. is an exploration and development stage mining company focused on acquiring, exploring, and developing precious metals mineral properties in the United States. The company's flagship project is the Haile Gold Mine, located northeast of Kershaw in southern Lancaster County, South Carolina, where it is currently engaged in exploration drilling, conducting a bankable feasibility study, and obtaining necessary permits. In addition to the Haile Gold Mine, Romarco also has interests in the Pinos Gold District in Mexico, a high-grade epithermal vein district that is in the advanced exploration stage. Headquartered in Toronto, Canada, Romarco Minerals operates as a subsidiary of OceanaGold Corporation.

Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.

Founded in 1999, Bear Creek Mining is a Vancouver-based company engaged in the exploration and development of precious and base metal properties in Peru. Its primary focus is on silver, lead, zinc, gold, and copper deposits.

Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.