Core Viewpoint - Wheaton Precious Metals Corp. has entered into a financing agreement with Carcetti Capital for the acquisition of the Hemlo Mine from Barrick Mining, which is expected to enhance Wheaton's gold reserves and diversify its asset base [1][8]. Financing Details - The financing package includes a $400 million gold stream, an equity financing expected to raise $415 million, and a $200 million bank debt facility. Wheaton will participate in the equity financing up to $50 million or 20% of the total [2][8]. Acquisition Timeline - The acquisition deal between Carcetti and Barrick Mining is anticipated to be finalized in the fourth quarter of 2025, after which Carcetti will rebrand as Hemlo Mining Corp [3]. Benefits to Wheaton Precious Metals - The Hemlo Mine will contribute immediate gold ounces to Wheaton's portfolio, operating in a politically stable area with a strong operational team [4][8]. Gold Stream Agreement - Wheaton will acquire 13.5% of the payable gold until HMC delivers 181,000 ounces, followed by 9.0% until an additional 157,330 ounces are delivered, and then 6.0% for the mine's remaining life [5][8]. Mine Operations and Production - The Hemlo Mine is projected to operate for 14 years, with an average production of 20,000 ounces per year during the first decade and over 17,000 ounces annually throughout its lifespan [6][8]. Stock Performance - Wheaton Precious Metals' stock has increased by 73.3% over the past year, significantly outperforming the industry average growth of 17.9% [7].

Core Viewpoint - Sailfish Royalty Corp. has announced a Normal Course Issuer Bid to repurchase up to 3,767,749 common shares, representing approximately 5% of the total shares outstanding, and has completed the conversion of Gavilanes into a 2% net smelter return royalty (NSR) [1][2][6]. Group 1: Normal Course Issuer Bid - The Company intends to purchase up to 3,767,749 common shares during the 12-month period from August 12, 2025, to August 11, 2026 [2]. - The shares will be acquired at the prevailing market price, with the actual number and timing of purchases determined by management [3]. - All purchases will be made on the open market for cancellation, funded from the Company's working capital [4]. Group 2: Prior Issuer Bid - The previous Normal Course Issuer Bid ran from July 22, 2024, to July 21, 2025, during which the Company repurchased 1,400,200 common shares at an average price of approximately $1.4759 per share [5]. Group 3: Strategic Rationale - The Board of Directors believes that the current market prices do not reflect the underlying value of the shares, and repurchasing shares is seen as a beneficial use of corporate funds [6]. Group 4: Gavilanes Silver Project - The Company has completed the sale of Swordfish Silver Corp. to Advance Metals Limited, which includes the Gavilanes silver exploration project in Durango, Mexico [8]. - The transaction includes a minimum expenditure commitment of $2,000,000 on the property over five years, with a potential cash payment of $500,000 if the commitment is not met [11]. Group 5: OTCQB Listing - To reduce corporate costs, the Company will transition from the OTCQX market to the OTCBQ market effective August 28, 2025 [12]. Group 6: Company Overview - Sailfish is a precious metals royalty and streaming company with key assets including a 3% NSR on the San Albino gold mine in Nicaragua, a 3% NSR on the Spring Valley gold mine in Nevada, and a 2% NSR on the Gavilanes Silver Project [13].

Core Viewpoint - Sandstorm Gold Ltd. supports Royal Gold Inc.'s acquisition of a gold stream on the Kansanshi copper-gold mine for US$1 billion, which is expected to enhance Sandstorm's portfolio and provide benefits to its shareholders [1][2]. Group 1: Acquisition Details - Royal Gold has entered into a precious metals purchase agreement for gold deliveries linked to copper production from the Kansanshi mine, which is operated and 80% owned by First Quantum Minerals Ltd [1]. - The gold stream acquisition is funded through Royal Gold's available cash and revolving credit facility, without the need to issue new shares [1]. - The Kansanshi transaction is projected to add approximately 35,000 to 40,000 ounces of gold per year over the next 10 years, supporting a 20-year mine life from a first-tier operator [2]. Group 2: Company Strategy and Portfolio - Sandstorm Gold is a precious metals-focused royalty company that provides upfront financing to mining companies and holds a portfolio of approximately 230 royalties, with 40 of the underlying mines currently producing [3]. - The company aims to grow and diversify its low-cost production profile through the acquisition of additional gold royalties [3]. - The acquisition agreement with Royal Gold anticipated the potential for a large stream acquisition, indicating a strategic alignment between the two companies [2].