15 First Quantum 17% Lundin 10% Glencore 7% Coeur 6% Teck 5% Barrrick 4% Vale 3% Others 48% Operator Canada & USA 41% South America 27% Mexico & Central America 23% Rest of World 9% Geography REVENUE DIVERSIFICATION Asset Diversification 70% from Precious Metals 91% from Americas Operator Diversification Gold 55% Silver 11% PGM 4% Iron Ore 4% Oil 12% Gas 12% NGL 2% Commodity Cobre Panama 17% Candelaria 10% Antapaccay 7% Guadalupe 6% Antamina 5% Vale 3% Energy 25% Other 27% Assets Diversified with Low Risk (2022 Revenue)