Q: I have two questions. Gold value is now above $2000 US and AEM does not seem to correlate the price of gold, is there a reason for that? I have heard about Cohere (https://cohere.com/), a language AI company based in Toronto, their list of investors is quite impressive (NVDA, SalesForce, Oracle, etc,). Do you think this company could be listed on the TSX in the near future? Thank you
5i Research Answer:
Sometimes, the gold sector takes a while to respond. The stronger US dollar has hurt the sector over the past year. AEM's 3Q earnings were mixed, which may have limited investor interest in the short term. We still like it overall for sector exposure. We would expect Cohere to list on Nasdaq, not the TSX, but do not have any timeframe here. It did raise money in February privately.