Our investment strategy is focused in the Americas and Asia-Pacific, reflecting our operational base and expertise. In these two regions, we leverage our experience and identify opportunities that will sustainably grow our business, continue to deliver consistent results and strengthen our financial position.

We are disciplined in our approach to investments, merger and acquisition opportunities, and have strict criteria around due diligence, financial and other entry hurdles, and various potential risks.

Outside of our mining operations, we have a growing and significant pipeline of strategic investments that include active option and joint venture agreements—one in New South Wales in Australia, one in New Zealand and four in the eight Basin of the United States of America and two in Argentina. We also have important equity positions in four exploration companies: Gold Standard Ventures Corp, NuLegacy Gold Corp, MOD Resources and Locrian Resources Inc. These investments represent
longer-term growth opportunities for the company.