Q: I currently own LUG and AGI, and am looking to add.
My reasoning follows. Both companies just announced stellar financial and production results. LUG's average 2024 sale price/oz was $2462, while AGI's was $2379. Given that gold is now trading above $2900 and providing it stays within +/- $100 for the entirety of 2025, cash flow at both companies is going to rise substantially.
Two questions:
1. Would you be comfortable adding to a position in these names at this time?
2. Do you have a preference between LUG and AGI?
Thanks as always for your expertise.
My reasoning follows. Both companies just announced stellar financial and production results. LUG's average 2024 sale price/oz was $2462, while AGI's was $2379. Given that gold is now trading above $2900 and providing it stays within +/- $100 for the entirety of 2025, cash flow at both companies is going to rise substantially.
Two questions:
1. Would you be comfortable adding to a position in these names at this time?
2. Do you have a preference between LUG and AGI?
Thanks as always for your expertise.
5i Research Answer:
We would be ok with adding to the names. Momentum is strong and gold prices should support the...