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Analyst Ideas of the Week – Trilogy Completes US$29M Bought Deal Financing

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Underlyings
Agnico Eagle Mines Limited

Agnico-Eagle Mines is a gold mining company with mining operations in Canada, Mexico and Finland. Co. earns a proportion of its revenues from the production and sale of gold in both dore bar and concentrate form. The remainder of revenue and cash flow is generated by the production and sale of byproduct metals. The revenue from byproduct metals is mainly generated by production at the LaRonde mine in Canada (silver, zinc, copper and lead) and the Pinos Altos mine in Mexico (silver).

Foran Mining Corp.

Foran Mining is engaged in the acquisition and exploration of mineral properties. Co. has incurred significant operating losses in its exploration operations and its ability to continue as a going concern is dependent upon the discovery of economically recoverable mineral reserves, the ability of Co. to obtain necessary financing to complete their development and fund their operations until commercially successful, and future production or proceeds from the disposition thereof.

Glencore plc

Glencore is engaged as a natural resource companies. Co. is organized and operates on a worldwide basis in three main business segments: Metals and minerals, which comprised of zinc, copper, lead, alumina, aluminium, ferroalloys, nickel, cobalt and iron ore; Energy products, which comprised of crude oil, oil products, steam coal and metallurgical coal; and Agricultural products, which comprised of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar supported by investments in storage, handling, processing and port facilities.

Hudbay Minerals Inc

HudBay Minerals is engaged in the discovery, production and marketing of copper, gold, silver, zinc and other base and precious metals in North, Central and South America. Through its subsidiaries, Co. owns copper, zinc and gold mines, ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan, and a copper project in Peru.

Liberty Health Sciences Inc

Quaterra Resources Inc.

Quaterra Resources is an exploration stage company engaged in the exploration and development of its copper properties in Nevada, United States of America.

Scythian Biosciences Corp

South32 Ltd.

South32 is engaged in mining and metal production from a portfolio of assets for the commodities of alumina, aluminium, bauxite, energy and metallurgical coal, manganese ore, manganese alloy, nickel, silver, lead and zinc. As of June 30 2016, Co. operated 10 segments, which were comprised of: Worsley Alumina, South Africa Aluminium, Brazil Alumina, Mozal Aluminium, South Africa Energy Coal, Illawarra Metallurgical Coal, Australia Manganese, South Africa Manganese, Cerro Matoso, and Cannington.

Trilogy Metals Inc

Trilogy Metals is a base metals exploration company focused on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the U.S. Co. conducts its operations through a wholly-owned subsidiary, NovaCopper U.S. Inc. Co.'s Upper Kobuk Mineral Projects consist of: the 100% owned Ambler lands which host the Arctic copper-zinc-lead-gold-silver Project; and the Bornite lands being explored under a collaborative long-term agreement with NANA Regional Corporation, Inc., a regional Alaska Native Corporation, which host the Bornite carbonate-hosted copper Project.

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Fundamental Research
Fundamental Research

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Analysts
Sid Rajeev

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