A Capital Opportunity A Global Market for Mining Companies

Toronto & TSX Venture Exchange

Latam Mining Summit July 9th, 2020 CANADA

GLOBAL LEADERSHIP, WORLD-CLASS FINANCIAL INSTITUTIONS AND ECONOMIC STABILITY #1 #1 #2 IN G20 FOR DOING BUSINESS LOWEST DEBT-TO-GDP SOUNDEST BANKING (2020-2024) AMONG G7 SYSTEM IN THE G20

SOUNDEST IN THE G7

Source: The Economist Intelligence Unit, via Global Affairs Canada, November 2019. The World Economic Forum ranked Canada as one of the top 2 soundest banking systems for 11 consecutive years. GLOBAL MARKET FOR CAPITAL

• $39 BILLION RAISED ON TSX/TSXV IN 2019

COUNTRY RANKING: EQUITY CAPITAL RAISED (2015-2019)

US 1. NYSE, NASDAQ

2. CHINA & HONG KONG HKSE, SHANGHAI SE CANADA $254B 3. TSX/TSXV IN EQUITY CAPITAL RAISED ON TSX/TSXV IN THE PAST 5 YEARS 4. UNITED KINGDOM LSE/AIM

5. AUSTRALIA ASX

• Source: TSX/TXV Market Intelligence Group, S&P Capital IQ and World Federation of Exchanges. • As at December 31, 2019. • Country ranking reflects the total equity capital raised by companies listed on the stock exchanges and does not include exchange groups that encompass multiple countries. KEY STATISTICS

• TSX AND TSXV BY THE NUMBERS $39B 3,245 EQUITY CAPITAL RAISED ISSUERS $68M 273 AVERAGE FINANCING ON TSX GOING PUBLIC EVENTS $2.7M AVERAGE FINANCING ON TSXV

• As at December 31, 2019. LEADERSHIP IN THE MINING SECTOR

THE WORLD’S MINING COMPANIES LIST ON TSX #1 #1 IN LISTED MINING COMPANIES GLOBALLY IN MINING EQUITY CAPITAL RAISED GLOBALLY

TSX/TSXV LIST THE MOST MINING VALUE OF MINING EQUITY CAPITAL RAISED COMPANIES IN THE WORLD (5-YEAR TOTAL = $117 BILLION)

HKEx LSE/AIM 1 138 6% 6% TSX/TSXV NYSE/NYSE 37% Amer. 675 8%

157 ASX 17%

TSX/TSXV ASX LSE/AIM Other 26%

Source: TSX/TSXV Market Intelligence Group, S&P Capital IQ and S&P Global Market Intelligence. 5 As at December 31, 2019. ACCESS TO CAPITAL

TOP EXCHANGE FOR MINING CAPITAL GLOBALLY

GLOBAL MINING EQUITY CAPITAL RAISED 2015-2019 BY PRIMARY COMMODITY (C$B) 53% $43,6B OF THE NUMBER OF MINING EQUITY FINANCINGS GLOBALLY IN THE PAST 5 YEARS

$19,3B

$9,9B 37% $7,3B $7,2B OF THE MINING EQUITY CAPITAL RAISED GLOBALLY IN THE PAST 5 YEARS TSX/TSXV ASX NYSE/NYSE HKEx LSE/AIM Amer.

Source: TSX/TSXV Market Intelligence Group and S&P Capital IQ, as at December 31, 2019. 6 A DIVERSE MINING SECTOR

BREAKDOWN OF TSX/TSXV MINING ISSUERS

BY PRIMARY COMMODITY BY MINING PROPERTY LOCATIONS

Graphite Asia Middle East / 2% Australia/PNG/NZ 2% Russia & CIS Lanthanides 3% 1% 2% Other 11% UK/Europe 4% Iron Ore Africa 2% Gold 7% Canada 35% 45% Lithium 3% Diamonds 3% U.S. Nickel 15% 5%

Uranium 5%

Zinc 6% Latin America Silver Copper 23% 8% 18%

Source: TSX/TSXV Market Intelligence Group and S&P Global Market Intelligence. 7 As at December 31, 2019. A GLOBAL MINING EXCHANGE

NEARLY 47% OF THE 5,200+ MINERAL EXPLORATION PROJECTS HELD BY TSX & TSXV COMPANIES ARE OUTSIDE OF CANADA

Canada UK/Europe TSX: 86 Companies TSX: 23 Companies TSXV: 542 Companies TSXV: 51 Companies

U.S. TSX: 59 Companies TSXV: 189 Companies

Mexico Russia & CIS TSX: 37 Companies TSX: 7 Companies TSXV: 89 Companies TSXV: 6 Companies

Central America & Asia Caribbean TSX: 15 Companies TSX: 9 Companies TSXV: 24 Companies TSXV: 16 Companies

South America Africa Middle East Australia TSX: 57 Companies TSX: 34 Companies TSX: 2 Companies TSX: 19 Companies TSXV: 137 Companies TSXV: 71 Companies TSXV: 3 Companies TSXV: 24 Companies

Note: A single company may have projects in multiple countries. 8 Source: TSX/TSXV Market Intelligence Group and S&P Global Market Intelligence. As at December 31, 2019. THE LEADING MINING EXCHANGE

LATIN AMERICAN MINING COMPANIES LOOK TO CANADA

Mexico Central America $1.6B 126 30 Guyana Venezuela EQUITY CAPITAL RAISED IN 2019 ON TSX/TSXV 11 Suriname BY COMPANIES WITH MINING PROJECTS IN 3 3 French LATIN AMERICA Colombia Guiana 30 4 Ecuador 15 Peru Brazil 5 57 36 Bolivia NEW MINING LISTINGS WITH PROJECTS IN 7 LATIN AMERICA

478 Chile 33 TSX/TSXV MINING Argentina Uruguay COMPANIES 46 IN LATIN AMERICA 3 1045 LATIN AMERICAN MINING PROPERTIES

Source: TSX/TSXV Market Intelligence Group and S&P Global Market Intelligence. 9 As at December 31, 2019. STAY UP TO RECEIVE THE DATE WITH MONTHLY MIG TSX AND REPORT IN TSXV YOUR INBOX For more information: @TSX_TSXV TSX.COM/MIG

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