Other Assets

Asset Location Maverix Metal Exposure Maverix Interest Stage Counterparty
Adzope Cote D'Ivoire Au 2.0% NSR Royalty Exploration Auplata Mining Group
Agua Rica Argentina Au-Ag-Cu 2.5% NSR Royalty(1) Development Yamana Gold Inc.
Algoma-Talisman Canada Au 2.0% NSR Royalty(2) Exploration Newton Gold Corp.
Amulsar Armenia Au US$1M per quarter(3) Development Lydian International Limited
Ana Paula Mexico Au 2.0% NSR Royalty Development Argonaut Gold Inc.
Aurora Silver Lining USA Au-Ag 1.5% - 3.0% NSR Royalty Exploration Hecla Mining Company
Ayahuanca Peru Au 1.5% - 3.0% NSR Royalty Exploration Minera La Zanja Srl
Azul Chile Au-Cu 2.0% NSR Royalty Exploration Sociedad Minera Atlantida
Bear Lodge USA Rare Earth Minerals 0.5% NSR Royalty Development Rare Element Resources Ltd.
Biddy Well Australia Au 1.0% NSR Royalty Exploration Northern Star Resources Ltd.
Blakelock Canada Au 2.0% NSR Royalty Exploration LaSalle Exploration Corp.
Bon Espoir French Guiana Au 1.0% Net Revenue Royalty Exploration Auplata Mining Group
Buffalo Valley USA Au 0.5% NSR Royalty Exploration SSR Mining Inc.
Bulletin (Bardoc) Australia Au 66.7% of A$2.00/t gold ore Development St Barbara Ltd.
Bushranger Australia Au 0.75% NSR Royalty Exploration Xtract Resources plc
Camelback Bore Australia Ni A$0.20/t of Ni laterite ore(4) Exploration Glencore
Candelaria USA Ag-Au $1M Production Payment Exploration Silver One Resources Inc.
Central Musgrave Australia Ni 1.5% NSR Royalty Exploration NiCo Resources Ltd.
Colosseum USA Au 2.5% NSR Royalty Exploration Dateline Resources Ltd.
Committee Bay Canada Diamonds 1.0% NSR Royalty Exploration Fury Gold Mines
Cose Argentina Ag 2.5% NSR Royalty Operating Pan American Silver Corp.
Crevasse USA Au-Ag 5.0% NSR Royalty Exploration Piedra Dura Mining
Cristina Mexico Au 2.0% NSR Royalty(5) Exploration Criscora, SA de CV
Dee Reservation USA Au-Ag 3.0% NSR Royalty Exploration Barrick Gold Corp.
Dickey USA Au 3.0% GRR Exploration Private Interest
Dixie Creek USA Au 4.0% Royalty(6) Exploration Orla Mining Ltd.
Dos Cabezos USA Au-Ag 2.0% NSR Royalty Exploration Pan American Fertilizer Corp.
El Penon Chile Au 2.0% NSR Royalty Exploration Yamana Gold Inc.
El Toqui Chile Au-Ag 2.0% NSR Royalty(7) Idle Laguna Gold
Enchi Ghana Au 2.0% NSR Royalty Development Newcore Gold Ltd.
Ethiunda (Honeymoon) Australia Uranium 1.5% - 3.5% NSR (8) Development Boss Energy Ltd.
Euro (Laverton) Australia Au 55.18% of $10/oz(9) Development Focus Minerals Ltd.
Eva Cobar (Coronation Hill) Australia Uranium 45% of 2.0% NSR Royalty(10) Exploration UAU Pty
Fenn-Gib Canada Au 1% - 2.5% NSR Royalty(11) Exploration Mayfair Gold Corp.
Friday USA Au 3.0% NSR Royalty(12) Operating Endomines AB
Golden Arrow USA Au 3.0% NSR Royalty Exploration Emergent Metals Corp.
Golden Eagle USA Au 2.0% NSR Royalty Exploration Calibre Mining Corp.
Green Monster USA Au 1.0% GRR Exploration Mountain Gold Claims LLC
Harker Canada Au 2.0% NSR Royalty Exploration Agnico Eagle Mines Ltd.
Havilah (EL 7391) Australia Au 1.0% NSR Royalty Exploration Thomson Resources Ltd.
Hernandez Mexico Ag 2.5% NSR Royalty Exploration First Majestic Silver Corp.
Hopewell (Kokomo/Sconi) Australia Ni-Co A$1.00 - $2.00/t ore(13) Development Australian Mines 
Hog Heaven USA Cu-Ag-Au 1.5% NSR Royalty Exploration High Power Exploration/Brixton Metals
Imperial USA Au 1.0% NSR Royalty Development KORE Mining Ltd.
Jiboia Brazil Au 1.5% - 2.0% NSR Royalty Exploration OZ Minerals
Juby Canada Au 1.0% NSR Royalty(14) Exploration Aris Mining Corp.
Ket 28 Canada Au-Ag 3.0% NSR Royalty Exploration Grizzly Discoveries Inc.
Korokaha Cote d'Ivoire Au 2.0% NSR Royalty Exploration Montage Gold Corp.
La Promesa Peru Au 2.0% NSR Royalty Exploration Solitario Zinc Corp.
La Violeta Mexico Au 2.5% NSR Royalty Exploration Grupo Minero
Lewis USA Au 3.5% - 4.0% NSR Royalty(15) Development Orla Mining Ltd.
Lone Star (Giant's Reef) Australia Cu-Au 1.0% NSR Royalty(16) Exploration Emmerson Resources Ltd.
M36, M289 Australia Au 2.5% GRR Exploration BHP Billiton Ltd.
Macmillan Pass Canada Zn-Au-Ag 3.0% NSR Au + 1.0% NSR Ag + 0.25% NSR Zn Exploration Fireweed Metals Corp.
Maitland USA Au-Ag 2.5% NSR Royalty Exploration Dakota Gold Corp.
Manhattan USA Au-Ag-Cu 1.0% NSR Royalty Exploration Scorpio Gold Corp.
Maria Cecilia Peru Au-Ag 1.5% NSR Royalty Operating Camino Minerals
Marigold USA Au-Ag 2.0% NSR Royalty Exploration SSR Mining Inc.
Maverick Springs USA Au-Ag 1.5% NSR Royalty Exploration Element79 Gold Corp.
McCrea Reservatoin USA Au 5.0% GRR Exploration Private Interest
Medicine Springs USA Au 0.5% NSR Royalty Exploration Reyna Silver Corp.
Monitor USA Au 2.5% NSR Royalty Exploration Secure Energy Services Inc.
Monte Cristo USA Au-Ag 3.0% NSR Royalty Exploration Hecla Mining Company
Montezuma Chile Cu 1.0% NSR Royalty Exploration Austral Gold Ltd.
Monument Bay Canada Au 1.5% NSR Royalty Exploration Yamana Gold Inc.
Mountain View USA Au-Ag 1.5% NSR Royalty Exploration Millennial Precious Metals Corp.
Mpokoto DRC Au 1.5% NSR Royalty Development Arrow Mining
Musgrave Australia Ni-Co-Cu 1.5% NSR Royalty Exploration Power Minerals Ltd.
Mystery Lake Canada Ni 0.35% NSR Royalty Exploration Vale Canada Ltd.
Nangodi Ghana Au 1.0% NSR Royalty Exploration Shandong Gold Mining Co., Ltd.
Niñobamba Peru Au-Ag 1.2% - 2.0% NSR Royalty Exploration Minera Rio Plata
Nipisi Area Canada Oil 1.0% - 2.5% GORR(17) Exploration Canadian Natural Resources
Noyem Ghana Au 2.0% NSR Royalty Exploration AKA Petroleum Ghana Ltd.
Orban Australia Au 20% - 25% NPI or $0.50 - $1.25/t ore(18) Exploration Evolution Mining
Panton Australia Pt-Pd-Au 2.0% NSR Royalty on PGE metals(19) Exploration Future Metals NL
Perseverance USA Au 4.0% NSR Royalty Exploration Cordoba Minerals
Pershing Pass USA Au-Ag 2.0% NSR Royalty Exploration Americas Gold & Silver Corp.
Pike River Canada Au 2.5% NSR Royalty Exploration McEwen Mining Inc.
Poura Burkina Faso Au 0.5% NSR Royalty Exploration Cluff Africa Associates UK Ltd.
Promise Australia Au $1.50/dry ton Exploration Silver Lake Resources Ltd.
Quiruvilca Peru Zn-Ag 1.0% NSR Royalty Exploration Lida Resources Inc.
Railroad USA Au 4.0% Royalty(20) Exploration Orla Mining Ltd.
Recuperada Peru Ag 3.0% NSR Royalty Operating Silver X Mining Corp.
Rex-Duquet Canada Cu-Au-Ag 0.75% NSR Royalty Exploration Azimut Exploration Inc.
Robinson Reservation USA Au 3.0% GRR Exploration Private Interest
Rock Creek USA Au 0.5% NSR Royalty Exploration Western States Minerals Corp.
Rosebud USA Au 3.0% NSR Royalty Exploration Rosebud Exploration LLC
Santa Rosa Mexico Au 3.0% NSR Royalty Exploration Newmont Corp.
Sanutura (South Hounde) Burkina Faso Au 2.0% NSR Royalty(21) Development Sarama Resources Ltd.
Scotia Gold Australia Au A$1.20/tonne(22) Exploration Minotaur Gold Solutions
Sleeping Giant Canada Au 2.0% NSR Royalty(23) Exploration Abcourt Mines Inc.
Spring Valley USA Au 2.0% NSR Royalty Exploration Waterton Global Resource Management, Ltd.
Sprogge Canada Au 0.63% NSR Royalty Exploration Seabridge Gold
Subranum Ghana Au-Ag 2.0% NSR Royalty Exploration Shandong Gold Mining Co., Ltd.
Sunrise Australia Au Variable $/oz(24) Idle AngloGold Ashanti Ltd.
Taviche Este Mexico Au-Ag 1.5% NSR Royalty Exploration Fortuna Silver Mines Inc.
Trenton Canyon USA Au 0.5% NSR Royalty Exploration SSR Mining Inc.
Waihi New Zealand Au 1.0% NSR Royalty Exploration OceanaGold Corp.
Yameriga Ghana Au 1.0% NSR Royalty Exploration Shandong Gold Mining Co., Ltd.

* Does not include industrial minerals and power royalties.


(1) The 2.5% NSR royalty on Agua Rica is capped at C$15M.
(2) Red Pine has the right to buy back 1% for a cash payment of US$1.5M.
(3) Payable once commercial production is achieved.
(4) Royalty is capped at 1,750 kt of nickel laterite ore.
(5) Criscora SA de CV has the right to buy back 1% for a cash payment of US$1M.
(6) A 4% NSR royalty on metallic minerals and a 4% GSR on non-metallic minerals.
(7) Royalty does not include lead or zinc.
(8) Royalty is 1.5% on tertiary uranium, 3.5% on hard rock uranium and 2.5% on all other minerals.
(9) Royalty takes effect after the first 50,000 gold ounces have been recovered.
(10) Payees are entitled to A$0.20/kg U3O8 (or equivalent) payment on discovery of an indicated mineral resource.
(11) Maverix owns three separate royalties on Fenn-Gib. Two separate non-overlapping 1% NSR royalties that, together, cover the entire project. The third royalty is an additional 1.5% NSR that partially overlaps the project.
(12) The 3% NSR royalty on Friday is capped at US$1M.
(13) Royalty is A$1.00/t on the first 1.0 million tonnes, A$1.50/t on the next 2.0 million tonnes and A$2.00/t thereafter. Cash payment of A$50,000 per annum to payee during the lease term.
(14) Aris Mining has the right to buy back 0.5% for a cash payment of US$5M.
(15) A 3.5% NSR on gold & silver and a 4.0% NSR on all other minerals
(16) Royalty is capped at A$825,000 in cumulative royalty payments.
(17) Royalty is 1.5% on the first 15,000 Bbl/day and 2.5% on the second 15,000 Bbl/day subject to a cap at 30,000 Bbl/day.
(18) Royalty is the greater of (i) 25% net profits interest ("NPI") up to 20,000 ounces of gold, 20% NPI thereafter and (ii) A$0.50/t ore (<1 g/t gold) or A$1.25/t ore (>2 g/t gold).
(19) A 2% NSR royalty payable once production exceeds 100,000 ounces on all platinum group metals minerals mined from certain tenements.
(20) A 4% NSR royalty on metallic minerals and a 4% GSR on non-metallic minerals.
(21) A pair of 1.0% - 2.0% NSR royalties on the Tankoro deposit of the Sanutura project. The royalty rate for each royalty is 2.0% when the realized gold price is greater than $1,500 per ounce, 1.5% when the realized gold price is between $1,300 per ounce and $1,500 per ounce, and 1.0% when the realized gold price is less than $1,300 per ounce. Each of the royalties terminates after one million ounces of gold has been sold for the applicable covered areas.
(22) Payable after production of 200,000 ounces of gold from relevant tenements.
(23) A 2.0% NSR royalty on all metallic and non-metallic minerals mined or otherwise on each of the Geant Dormant and Dormex properties.
(24) Royalty varies based on gold price and sliding scale rate.