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KENSINGTON
ROCHESTER Idaho North Resources(2)
Huldra Silver
Pershing Gold
Commonwealth Silver and Gold
PALMAREJO
El Gallo Complex
La Preciosa Project
International Northair Mines Silver Bull Resources
MINES
Strategic Investments Feasibility-Stage Projects Net Smelter Royalties
Orex Minerals, Inc.(2) Soltoro
Zaruma Mine
ENDEAVOR(1)
SAN BARTOLOMÉ
Cerro Bayo Mine
Caracara Silver Apogee Silver
Joaquin Project
4
(1) non-operating interest, (2) investments made in 2014


































































































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