Doug Silver is a portfolio manager at Orion Resource Partners, an alternative investment management firm with $6 billion in assets under managements. Before Doug’s role at Orion, he built and sold two royalty companies. One of them, International Royalty Corporation (IRC), he sold to Royal Gold for $745 million. Doug is now a member of the mining hall of fame for the many successes that he has had throughout his career. In this conversation we discuss: • Doug’s interesting path from zoology to geology and his family’s crater. • Bridging the gap from a technical background to finance. • What was behind Doug’s infamous geological database. • How IRC started, and what the royalty space looks like today. • What prompted the sale of IRC? • What role does Private Equity play in mine finance today and the challenges ahead. It is not every day that you get to sit down with someone like Doug. I hope you enjoy our conversation as much as I did.