Q: Record(?) or near-record free cash flow of $760M, $2B in additional buybacks announced. Bought back ~$750M of stock since Feb 2024 (~2% of shares outstanding). Gold currently ~$300/oz higher than their average selling price in Q3 of $2518. Surely slightly higher costs aren't that important in the context of the gold price being so strong and the large buybacks.

The old adage is to date the mining companies and marry the royalty companies. Is now a good entry to start dating Newmont?

Q: Hello 5i team,

For our TFSA, we hold AEM & ABX and RRSP - FCX long term over 5 years or so. We try to keep to 3 names max and keep trimming them down.

I appreciate having your thought on switching to PAAS / WPM or sell them all off and switching to energy/ energy services like OXY, BEPC, CNQ. We already have Enbridge, TC & Pembina in our portfolio for income. Thank you

Q: I have a 4% exposure to the materials sector, and roughly 23% exposure to technology. I have been considering initiating a position in Newmont Corporation, as I feel the precious metals sector will continue to show strength over the next few years, and my portfolio would likely benefit from the standpoint of improved diversification. I currently have a position of 2% in each of Lumine Group and Shopify. I like both of these companies, but my circumstances require me to part with one position in order to start another.

Would you consider a position in NGT to have better prospects than either LMN or SHOP, or would I be better off staying with what I have, and attempting to raise cash over the next several months to initiate a position in NGT?