Sprott Junior Copper Miners ETF · NASDAQ:COPJ
Sprott Junior Copper Miners ETF — Sprott Gold Miners ETFs — Investor Presentation (June 2026)
25 slides from Sprott Junior Copper Miners ETF's investor presentation, Jun 30, 2026
Slide 1: Sprott Gold Miners ETFs Investor Presentation
Sprott Gold Miners ETFs NYSE Arca: SGDM and SGDJ Investor Presentation June 30, 2026 V9 8/10/2026
Slide 2: A Global Leader in Precious Metals and Critical Materials Investments
A Global Leader in Precious Metals and Critical Materials Investments US$55.6B in AUM1 Sprott (SII) is publicly listed on the NYSE and TSX Exchange Listed Products Managed Equities Private Strategies $47.9 Billion AUM $5.6 Billion AUM $2 Billion AUM • Physical Bullion Trusts • Flagship U.S. Gold Equ
Slide 3: Daniel Lacalle quotes on government spending and central banks
“It is dangerous to accept that government spending no matter how much and what for is the only solution and even more dangerous to believe that the shape of the recovery is only a function of the size of the stimulus package.” “Central banks do not manage risk, they disguise it.” – Daniel Lacalle,
Slide 4: Sprott's 2026 Outlook on Gold and Gold Mining Equities
Sprott’s 2026 Outlook on Gold and Gold Mining Equities Gold Bullion • Gold Price: Following a 64.58% gain in 2025, gold reached a record $5,595/oz in January and gained 8.07% in Q1 before correcting 14.14% in Q2 to close June at $4,008/oz (-7.21% YTD). We believe the pullback reflected tighter finan
Slide 5: Gold Leading the Pack Over the Long Term
Gold Leading the Pack Over the Long Term Gold vs. Stocks, Bonds and USD Returns for Period from 12/31/1999-6/30/2026 Compound 2000 Annual Returns 1800 1600 1400 10.44% Index (Base = 100) 1200 Bull Markets 1000 800 8.30% Post GFC 600 Precious Metals Bull Market 400 Click to edit Master title style 4.
Slide 6: Central Banks Purchases of Gold Have Accelerated
Central Banks Purchases of Gold Have Accelerated Central banks have treated gold as a strategic monetary reserve in a world of higher debt, higher uncertainty and greater geopolitical risk. Large reserve holders want to reduce reliance on any single currency, including the U.S. dollar. Gold Central
Slide 7: Gold and Various Currencies Measured in Gold 2006-2026
Gold and Various Currencies Measured in Gold 2006-2026 Currencies around the world have lost their value relative to gold (XAU Curncy). Value in Gold 120 100 80 60 40 20 0 USD Curncy / XAU Curncy EUR Curncy / XAU Curncy XAU Curncy / XAU Curncy CAD Curncy / XAU Curncy JPY Curncy / XAU Curncy GBP BGN
Slide 8: Gold Supply is Limited
Gold Supply is Limited • Since 1980, the quantity of above-ground Physical Gold Has Limited Supply Relative to Paper gold has a 1.82% CAGR vs. a CAGR of Above Ground Gold U.S. Government Debt 9.02% for U.S. government debt outstanding. $45,000 4,500,000 • Gold “float” is extremely limited. $38,514 $
Slide 9: Gold Supply Factors: Discovery & Production
Gold Supply Factors: Discovery & Production • Despite record spending on exploration, new gold discoveries are less frequent. • As gold production trends higher and discoveries dwindle, ore quality has become more marginal; in our view, there are likely not enough quality deposits to sustain future
Slide 10: Gold Miners Offering Deep Value versus Gold Bullion
Gold Miners Offering Deep Value versus Gold Bullion • There has historically been a strong correlation between the price of gold and gold mining stocks, although they are not always in sync. • Gold mining equities are now at a ratio of 0.08 to gold. The ratio of miners to gold would need to increase
Slide 11: Earnings Momentum Signals Further Upside for Gold Mining Equities
Earnings Momentum Signals Further Upside for Gold Mining Equities Since the beginning of 2024, earnings per share (EPS) 2027 expectations for gold miners have increased by 384% (green line), while share prices, as measured by GDM (blue line), have increased by 157%.* This indicates that gold mining
Slide 12: Gold Miners Present Relative Value and Fundamentals
Gold Miners Present Relative Value and Fundamentals Gold mining equities are trading multiples lower than the S&P 500 and with greater profitability and lower leverage. Gold Miners (GDM) S&P 500 Comments EV/EBITDA 5.08x 15.25x GDM ~67% less expensive Dividend Yield 2.31% 1.14% GDM ~102% higher Net D
Slide 13: Gold Equities: M&A Repositioning to Fill the Power Vacuum
Gold Equities: M&A Repositioning to Fill the Power Vacuum Mining M&A in 2025 was led by the announced $7.1 billion pro forma merger between New Gold (NGD) and Coeur (CDE). In royalties, Royal Gold’s ~$4 billion acquisition of Sandstorm was the marquee deal, alongside notable transactions including E
Slide 14: Gold Miners Have Provided Low Correlation
Gold Miners Have Provided Low Correlation Gold miners have provided a strong correlation to gold and a low correlation to other asset classes, which may have diversification benefits in broader portfolios. Asset Class Correlation to Gold Miners (20 Years ended 6/30/2026) 1.00 1.00 0.90 0.80 0.70 0.6
Slide 15: Sprott Gold Miners ETF (SGDM)
Sprott Gold Miners ETF (SGDM) Sprott Gold Miners ETF (SGDM) Sprott Gold Miners Exchange Traded Fund (NYSE Arca: SGDM) seeks ETF Details (as of June 30, 2026) investment results that correspond (before fees and expenses) generally to • Ticker: SGDM the performance of its underlying index, the Solacti
Slide 16: SGDM Portfolio Characteristics
Sprott Gold Miners ETF (SGDM) Sprott Gold Miners ETF (SGDM) Portfolio Characteristics1 Company Domicile Breakdown1 (As of 6/30/2026) (As of 6/30/2026) • Number of Issuers: 49 • Market Cap (millions): $658,877 • Largest Market Cap (millions): $99,709 • Smallest Market Cap (millions): $143 • Weighted
Slide 17: SGDM: Reasons to Consider
Sprott Gold Miners ETF (SGDM) SGDM: Reasons to Consider • Index co-designed with Solactive to use a transparent, rules-based methodology designed to emphasize larger-sized gold companies with the highest revenue growth, free cash flow yield and the lowest long-term debt to equity. • Quarterly rebala
Slide 18: Sprott Gold Miners ETF Performance History
Sprott Gold Miners ETF (SGDM) Sprott Gold Miners ETF Performance History Performance: Average Annual Total Returns* (%) QUARTER END AS OF 6/30/2026 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR S.I.1 Sprott Gold Miners ETF (Net Asset Value) -15.24 -16.63 -9.34 41.46 36.12 18.85 10.15 8.91 Sprott Gold Miners ET
Slide 19: Sprott Junior Gold Miners ETF (SGDJ)
Sprott Junior Gold Miners ETF (SGDJ) Sprott Junior Gold Miners ETF (SGDJ) Sprott Junior Gold Miners Exchange Traded Fund (NYSE Arca: SGDJ) ETF Details (as of June 30, 2026) seeks investment results that correspond (before fees and expenses) • Ticker: SGDJ generally to the performance of its underlyi
Slide 20: SGDJ Portfolio Characteristics
Sprott Junior Gold Miners ETF (SGDJ) Sprott Junior Gold Miners ETF (SGDJ) Portfolio Characteristics1 Company Domicile Breakdown1 (As of 6/30/2026) (As of 6/30/2026) • Number of Issuers: 30 • Market Cap (millions): $54,970 • Largest Market Cap (millions): $3,201 • Smallest Market Cap (millions): $158
Slide 21: SGDJ: Reasons to Consider
Sprott Junior Gold Miners ETF (SGDJ) SGDJ: Reasons to Consider • Provides true junior mining exposure. • Index co-designed with Solactive utilizing customized factors to weight stocks: Momentum for junior explorers/developers and revenue growth for junior producers. • Semi-annual rebalance to ensure
Slide 22: Sprott Junior Gold Miners ETF Performance History
Sprott Junior Gold Miners ETF (SGDJ) Sprott Junior Gold Miners ETF Performance History Performance: Average Annual Total Returns* (%) QUARTER END AS OF 6/30/2026 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR S.I.1 Sprott Junior Gold Miners ETF (Net Asset Value) -15.45 -11.27 -11.53 63.60 47.84 16.61 9.23 13.40
Slide 23: Sprott Client Services Team
Sprott Client Services Team Sprott Gold Miners ETFs (NYSE Arca: SGDM and SGDJ) | 23
Slide 24: Index Definitions and Defined Terms
Index Definitions and Defined Terms Bloomberg Barclays US Aggregate Total Return Value Unhedged USD (often abbreviated as the “US Agg”) is a broad-based benchmark that measures the performance of the U.S. investment-grade bond market. This index includes various types of bonds such as government, co
Slide 25: Important Disclosure
Important Disclosure An investor should consider the investment objectives, risks, charges and expenses carefully before investing. Visit sprott.com to obtain a Sprott Gold Miners ETF and a Sprott Junior Gold Miners ETF Statutory Prospectus, which contains this and other information, contact your fi
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