Reserves & Resources

Silver streams:

• 129 million ounces of Proven & Probable Reserves
• 213 million ounces of Measured & Indicated Resources*
• 69 million ounces of Inferred Resources

* includes Proven & Probable reserves

Convertible Debenture:

• Indicated: 9.1 million tonnes at 225 g/t Ag & 0.09% Pb or 66 million contained silver ounces.
• Inferred: 17.3 million tonnes at 159 g/t Ag & 0.11% Pb or 89 million contained silver ounces.

 Exploration portfolio:

•  Historic resources of over 75M oz of silver (not NI 43-101 compliant)