We have 23 principal royalty and streaming related assets across five continents, providing diversified commodity exposure.
76%
of the portfolio
in OECD countries
50%
of the portfolio
is copper
55%
of the portfolio
is producing
Stage
-
Producing
-
Development
-
Early stage
-
In construction
Category
Commodity
Mantos Blancos, Chile
Stage
Producing
Commodity
Copper
Operator
Capstone Copper
Location
Chile
Royalty rate and type
1.525% NSR
LIORC, Canada
Stage
Producing
Commodity
Iron ore
Operator
Rio Tinto
Location
Canada
Royalty rate and type
Indirect interest in 7% GRR
Mimbula, Zambia
Stage
Producing
Commodity
Copper
Operator
Moxico Resources
Location
Zambia
Royalty rate and type
Stream varying from 1%-4.7% of copper production depending on production volumes
Pilbara, Australia
Stage
Early stage
Commodity
Iron ore
Operator
BHP
Location
Australia
Royalty rate and type
1.5% GRR
Maracás Menchen, Brazil
Stage
Producing
Commodity
Vanadium
Operator
Largo Resources
Location
Brazil
Royalty rate and type
2.0% NSR
Voisey’s Bay, Canada
Stage
Producing
Commodity
Cobalt
Operator
Vale
Location
Canada
Royalty rate and type
22.82% attributable production Production payment – 18% of spot price
Carlota, USA
Stage
Producing
Commodity
Copper
Operator
KGHM
Location
USA
Royalty rate and type
5.0% NSR
Phalaborwa, South Africa
Stage
Development
Commodity
Rare Earths
Operator
Rainbow Rare Earths
Location
South Africa
Royalty rate and type
0.85% GRR
Balance sheet classification
Royalty Intangible
Vizcachitas, Chile
Stage
Development
Commodity
Copper
Operator
Los Andes Copper
Location
Chile
Royalty rate and type
0.25% NSR
Nifty, Australia
Stage
Development
Commodity
Copper
Operator
Cyprium Metals
Location
Australia
Royalty rate and type
1.5% Realised Value royalty
McClean Lake mill, Canada
Stage
Producing
Commodity
Uranium
Operator
Orano
Location
Canada
Royalty rate and type
Tolling revenue
Santo Domingo, Chile
Stage
Development
Commodity
Copper and cobalt
Operator
Capstone Copper
Location
Chile
Royalty rate and type
2.0% NSR
Four Mile, Australia
Stage
Producing
Commodity
Uranium
Operator
Quasar Resources
Location
Australia
Royalty rate and type
1.0% NSR
Salamanca, Spain
Stage
Development
Commodity
Uranium
Operator
Berkeley Energia
Location
Spain
Royalty rate and type
1.0% NSR
West Musgrave, Australia
Stage
Development
Commodity
Nickel and copper
Operator
BHP
Location
Australia
Royalty rate and type
2.0% NSR
Cañariaco, Peru
Stage
Early stage
Commodity
Copper and gold
Operator
Alta Copper
Location
Peru
Royalty rate and type
0.5% NSR
Piauí, Brazil
Stage
Development
Commodity
Nickel and cobalt
Operator
Brazilian Nickel
Location
Brazil
Royalty rate and type
1.60%
SW2, Canada
Stage
Early stage
Commodity
Uranium
Operator
NexGen
Location
Canada
Royalty rate and type
2.0% NSR
Incoa, Dominican Republic
Stage
Development
Commodity
Calcium carbonate
Operator
Incoa
Location
Dominican Republic/USA
Royalty rate and type
~1.23% GRR
Ring of Fire, Canada
Stage
Early stage
Commodity
Chromite
Operator
Wyloo Metals
Location
Canada
Royalty rate and type
1.0% NSR
Kestrel, Australia
Stage
Producing
Commodity
Steelmaking coal
Operator
Kestrel Coal Pty Ltd
Location
Australia
Royalty rate and type
7.0–40.0% GRR
EVBC, Spain
Stage
Producing
Commodity
Gold
Operator
Orvana Minerals
Location
Spain
Royalty rate and type
2.5–3.0% NSR
| Asset | Commodity | Location | Stage | Operator | Royalty basis | Mine life |
|---|---|---|---|---|---|---|
| Mantos Blancos, Chile | Copper | Chile |
Producing
|
Capstone Copper | 1.525% NSR | 14 years |
| Mimbula, Zambia | Copper | Zambia |
Producing
|
Moxico Resources | Stream varying from 1%-4.7% of copper production depending on production volumes | 11 years |
| Voisey’s Bay, Canada | Cobalt | Canada |
Producing
|
Vale | 22.82% attributable production Production payment – 18% of spot price | 15 years |
| Carlota, USA | Copper | USA |
Producing
|
KGHM | 5.0% NSR | 4 years |
| Vizcachitas, Chile | Copper | Chile |
Development
|
Los Andes Copper | 0.25% NSR | 26 years |
| Nifty, Australia | Copper | Australia |
Development
|
Cyprium Metals | 1.5% Realised Value royalty | 20 years |
| Santo Domingo, Chile | Copper and cobalt | Chile |
Development
|
Capstone Copper | 2.0% NSR | 19 years |
| West Musgrave, Australia | Nickel and copper | Australia |
Development
|
BHP | 2.0% NSR | 24 years |
| Cañariaco, Peru | Copper and gold | Peru |
Early stage
|
Alta Copper | 0.5% NSR | 28 years |
| Piauí, Brazil | Nickel and cobalt | Brazil |
Development
|
Brazilian Nickel | 1.60% | 18 years |
| Asset | Commodity | Location | Stage | Operator | Royalty basis | Mine life |
|---|---|---|---|---|---|---|
| Maracás Menchen, Brazil | Vanadium | Brazil |
Producing
|
Largo Resources | 2.0% NSR | 30 years |
| Phalaborwa, South Africa | Rare Earths | South Africa |
Development
|
Rainbow Rare Earths | 0.85% GRR | 16 years |
| McClean Lake mill, Canada | Uranium | Canada |
Producing
|
Orano | Tolling revenue | 12 years |
| Four Mile, Australia | Uranium | Australia |
Producing
|
Quasar Resources | 1.0% NSR | 5 years |
| Salamanca, Spain | Uranium | Spain |
Development
|
Berkeley Energia | 1.0% NSR | 14 years |
| SW2, Canada | Uranium | Canada |
Early stage
|
NexGen | 2.0% NSR | N/A |
| Asset | Commodity | Location | Stage | Operator | Royalty basis | Mine life |
|---|---|---|---|---|---|---|
| LIORC, Canada | Iron ore | Canada |
Producing
|
Rio Tinto | Indirect interest in 7% GRR | N/A |
| Pilbara, Australia | Iron ore | Australia |
Early stage
|
BHP | 1.5% GRR | N/A |
| Incoa, Dominican Republic | Calcium carbonate | Dominican Republic/USA |
Development
|
Incoa | ~1.23% GRR | N/A |
| Ring of Fire, Canada | Chromite | Canada |
Early stage
|
Wyloo Metals | 1.0% NSR | N/A |
| Kestrel, Australia | Steelmaking coal | Australia |
Producing
|
Kestrel Coal Pty Ltd | 7.0–40.0% GRR | 4 years |
| EVBC, Spain | Gold | Spain |
Producing
|
Orvana Minerals | 2.5–3.0% NSR | 4 years |
| Asset | Commodity | Location | Stage | Operator | Royalty basis | Mine life |
|---|---|---|---|---|---|---|
| Mantos Blancos, Chile | Copper | Chile |
Producing
|
Capstone Copper | 1.525% NSR | 14 years |
| Mimbula, Zambia | Copper | Zambia |
Producing
|
Moxico Resources | Stream varying from 1%-4.7% of copper production depending on production volumes | 11 years |
| Voisey’s Bay, Canada | Cobalt | Canada |
Producing
|
Vale | 22.82% attributable production Production payment – 18% of spot price | 15 years |
| Carlota, USA | Copper | USA |
Producing
|
KGHM | 5.0% NSR | 4 years |
| Vizcachitas, Chile | Copper | Chile |
Development
|
Los Andes Copper | 0.25% NSR | 26 years |
| Nifty, Australia | Copper | Australia |
Development
|
Cyprium Metals | 1.5% Realised Value royalty | 20 years |
| Santo Domingo, Chile | Copper and cobalt | Chile |
Development
|
Capstone Copper | 2.0% NSR | 19 years |
| West Musgrave, Australia | Nickel and copper | Australia |
Development
|
BHP | 2.0% NSR | 24 years |
| Cañariaco, Peru | Copper and gold | Peru |
Early stage
|
Alta Copper | 0.5% NSR | 28 years |
| Piauí, Brazil | Nickel and cobalt | Brazil |
Development
|
Brazilian Nickel | 1.60% | 18 years |
| Asset | Commodity | Location | Stage | Operator | Royalty basis | Mine life |
|---|---|---|---|---|---|---|
| Maracás Menchen, Brazil | Vanadium | Brazil |
Producing
|
Largo Resources | 2.0% NSR | 30 years |
| Phalaborwa, South Africa | Rare Earths | South Africa |
Development
|
Rainbow Rare Earths | 0.85% GRR | 16 years |
| McClean Lake mill, Canada | Uranium | Canada |
Producing
|
Orano | Tolling revenue | 12 years |
| Four Mile, Australia | Uranium | Australia |
Producing
|
Quasar Resources | 1.0% NSR | 5 years |
| Salamanca, Spain | Uranium | Spain |
Development
|
Berkeley Energia | 1.0% NSR | 14 years |
| SW2, Canada | Uranium | Canada |
Early stage
|
NexGen | 2.0% NSR | N/A |
| Asset | Commodity | Location | Stage | Operator | Royalty basis | Mine life |
|---|---|---|---|---|---|---|
| LIORC, Canada | Iron ore | Canada |
Producing
|
Rio Tinto | Indirect interest in 7% GRR | N/A |
| Pilbara, Australia | Iron ore | Australia |
Early stage
|
BHP | 1.5% GRR | N/A |
| Incoa, Dominican Republic | Calcium carbonate | Dominican Republic/USA |
Development
|
Incoa | ~1.23% GRR | N/A |
| Ring of Fire, Canada | Chromite | Canada |
Early stage
|
Wyloo Metals | 1.0% NSR | N/A |
| Kestrel, Australia | Steelmaking coal | Australia |
Producing
|
Kestrel Coal Pty Ltd | 7.0–40.0% GRR | 4 years |
| EVBC, Spain | Gold | Spain |
Producing
|
Orvana Minerals | 2.5–3.0% NSR | 4 years |