Fort Capital Investment Banking Pitch Book

Appendix E: Consensus Commodity Prices Consensus Gold Prices Broker Canaccord Genuity CBC World Markets Cormark Securties Haywood Securities National Bank Financial Raymond James RSC Capital Markets Soota Global Markets TD Securites Average Median Selected Corvus As of 2021E 2022E 2023E 2024E 202SE LT 02-Aug-21 $1.797 $1,793 $1,808 $1,849 $1,849 $1,849 25-Jul-21 $1,927 $2,100 $2,000 $1,800 $1,050 $1,050 30-Jul-21 $1,903 $1,800 $1,800 $1,800 $1,800 $1,800 03-Aug-21 $1,815 $1,900 $1,800 $1,800 $1,800 $1,800 25-Jul-21 $1,825 $1,845 $1,725 $1,800 $1,475 $1,475 30-Jul-21 $1,834 $1,800 $1,700 $1,800 $1,800 $1,000 03-Aug-21 $1,754 $1,090 $1,650 $1,000 $1,550 $1,500 26-Jul-21 $1,800 $1,850 $1,700 $1,500 $1,500 $1,500 30-Jul-21 $1,840 $1.850 $1,750 $1,650 $1,500 $1,500 $1,822 $1,848 $1,770 $1,689 $1,636 $1,630 $1,815 $1,845 $1,750 $1,650 $1,600 $1,600 $1.625 $1.600 $1.820 $1.840 $1,750 $1,650 56 Broker Canaccord Genuity CIBC World Markets Cormark Securities Haywood Securities National Bank Financial Raymond James RBC Capital Markets Scotia Global Markets TD Securites Average Median Selected Consensus Silver Prices As of 2021E 2022E 2023E 2024E 2025E LT 02-Aug-21 $26.50 $28.80 $27.00 $28.40 $29.40 $28.40 25-Jul-21 $27.98 $31.00 $28.00 $25.00 $20.00 $20.00 29-Jul-21 $26.23 $25.00 $268.00 $28.00 $26.00 $28.00 30-Jul-21 $24.75 $23.75 $22.50 $22.50 $22.50 $22.50 25-Jul-21 $26.99 $27.50 $24.00 $22.00 $19.00 $19.00 29-Jul-21 $26.92 $25.00 $24.00 $22.50 $22.50 $22.50 03-Aug-21 $25.76 $24.00 $22.50 $20.00 $19.50 $18.75 26-Jul-21 $26.81 $32.00 $28.00 $22.00 $20.00 $20.00 28-Jul-21 $26.25 $25.00 $22.50 $22.50 $20.00 $20.00 $26.47 $26.87 $24.94 $23.43 $21.99 $21.91 $26.50 $26.00 $24.00 $22.50 $20.00 $20.00 $26.40 $26.50 $24.50 $22.50 $21.00 $21.00 Fort Capital

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