METALLA ROYALTY & STREAMING | December 2024 | 5 TheTrack $18 Centro Gold Tocantinzinho 32 Record GDXJ $16 Transactions Côté / Gosselin Mine $14 Fosterville Acquires royalty portfolio from 101 $12 Royalties / Streams Acquired Wharf Mine $10 Lama Fifteen Mile Stream $309M $8 Capital Deployed (USD) Portfolio from Higginsville Garrison Genesis Castle $6 Acquires portfolio from Mountain Metalla is formed $4 Acquires second $564M Cortez Trend royalty portfolio from Acquires royalty Consensus NAV (USD) portfolio from Merges with Nova Royalty $2 Acquires Timmins royalties Santa Gertrudis $0 Sep 16 Mar 17 Sep 17 Mar 18 Sep 18 Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 SOURCE: Equity research reports on MTA by: BMO Capital Markets, PI Financial and Haywood Securities