Our strategy is to continue to build upon our diversified precious metals focused royalty portfolio, by acquiring third party royalties, financing the development and production of new or existing mines, pursuing accretive corporate M&A opportunities, and generating new royalty through our royalty generation operations. In doing so, our goal is to grow our net asset value per share and to generate value for all of our stakeholders over time.
We focus on acquiring precious metals royalties, streams and similar interests on mines and projects at varying stages of the mine life cycle to build a balanced portfolio offering near, medium, and longer-term growth in underlying net asset value per share.
As part of our strategy, we expect to utilize a cost-efficient business model by operating with a small, but highly experienced team and calling upon third-party resources to supplement our skill set as opportunities may arise. This strategy enables us to maintain a high degree of flexibility in our cost structure. This business model is scalable and allows us to seek new growth opportunities in a cost effective and value enhancing manner.
Since our IPO in March 2021, we have successfully executed on our strategy having significantly grown our portfolio from 18 royalties to over 190 royalties currently.