CIBC Capital Partners

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.

Trident Royalties is a growth-oriented diversified mining royalty and streaming company that focuses on providing investors with exposure to a broad range of mining commodities. The company emphasizes value-added transactions involving precious metals, base metals, battery materials, and bulk commodities, while consciously excluding thermal coal from its portfolio. Trident Royalties distinguishes itself from many of its peers by its diverse commodity offerings, which include properties that are operational or close to production. Its reportable segments encompass Precious Metals, Bulk/Battery Metals, and Base Metals, reflecting its commitment to a comprehensive approach in the mining sector.

Orla Mining is a mineral exploration company focused on acquiring, exploring, and developing mineral properties. Its primary asset is the Camino Rojo project in Zacatecas State, Mexico, which contains estimated mineral reserves of over 1 million ounces of gold and silver. The company also holds interests in projects in Panama and Nevada, USA.

Nomad Royalty Company Ltd. is a gold and silver royalty company based in Montreal, Canada. The company acquires rights to a percentage of the gold or silver produced from various mining operations, typically securing these rights for the life of the mine. Nomad's portfolio consists of ten royalty, stream, and gold loan assets, which include properties such as Woodlawn, Blyvoor, Gualcamayo, and Suruca. Its operations span multiple geographical regions, including North America, South America, Africa, and Australia. By generating revenue through gold and silver streams, royalties, and gold prepay loans, Nomad positions itself as a key player in the mining sector, focusing on the acquisition of valuable production rights.

Nova Royalty Corp., established in 2018 with headquarters in Vancouver, Canada, specializes in acquiring royalties on copper and nickel deposits worldwide. The company's business model involves purchasing royalties from various entities such as mining companies and prospectors for a single upfront payment. In exchange, Nova Royalty receives a revenue stream from the mine's production, regardless of operating costs or capital expenditures, without additional capital commitments. This strategy allows Nova Royalty to benefit from the strategic metals crucial for global energy transition, with a focus on leading projects like NuevaUnion Copper-Gold and Josemaria.

OceanaGold Corporation is a multinational gold and copper producer with operations in New Zealand, the Philippines, the United States and El Salvador. It operates a portfolio of four active mines: the Haile Gold Mine in the United States; the Didipio Mine in the Philippines (commercial production started in 2013 and a defined mine life through 2030); and the Macraes and Waihi mines in New Zealand, with Reefton also part of its New Zealand operations. The company is dedicated to safe and responsible production, environmental stewardship, and collaboration with host communities to create lasting value beyond mine life while seeking to maximize free cash flow and returns for stakeholders.

K92 Mining is a mineral exploration and mining company focused on the Kainantu Gold Mine in the Eastern Highlands of Papua New Guinea. It conducts exploration, development, and mining of mineral deposits on the Kainantu property, which covers hundreds of square kilometers, with nearby Blue Lake also part of its activity. The company aims to move the project toward production, expanding mineralization and drilling high-priority targets. It is headquartered in Vancouver, Canada, and relies on an experienced team with international expertise in mining, production startups, exploration, and finance.

Hudbay is a Canadian integrated mining company engaged in the production of copper concentrate, molybdenum concentrate, and zinc metal. The company operates three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru. Additionally, Hudbay has copper projects in Arizona and Nevada, United States. The company's primary focus is on the discovery, production, and marketing of base and precious metals, with a significant portion of its revenue derived from copper operations. Hudbay markets its copper concentrates to smelters in Asia, America, and Europe, while zinc metal represents its second largest revenue source. The company is committed to responsible mining practices and aims to create sustainable value through the development and operation of high-quality mineral deposits, benefiting the regions and communities where it operates.

Osisko Gold Royalties is a North American-focused intermediate precious metal royalty company founded in 2014. It owns and manages a portfolio of royalties, streams, and precious metal offtake arrangements, with over 175 assets across North America. Its cornerstone asset is a 5% net smelter return royalty on the Canadian Malartic mine, Canada's largest gold mine.

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.