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Franco-Nevada Corporation (FNV)
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Alamos Gold Inc. (AGI)
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B2Gold Corp. (BTO)
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Aris Mining Corporation (ARIS)
Q: For precious metals exposure I hold the above. I have been frustrated with BTO and was wondering if there might be a couple of mid-tier producers with a gold bias that you could suggest as a replacement.
5i Research Answer:
AGI is a bit bigger, but we would see it as a good replacement for BTO. ARTG we think also would be a good replacement. ARIS would be a higher risk small cap replacement, but with a cheap valuation and good momentum.