Q: What do you think of the recent quarter? The stock has under performed gold lately and I'm thinking to add more. Their cash margins look great and I'm bullish on gold. I already hold a full position in AEM but am looking for growth and I like the safety over miners with the royalty and streaming model.
5i Research Answer:
The recent quarter looked fine with guidance coming in a bit more conservative than markets were expecting but regardless, the growth outlook is solid here. With strong gold prices as a tailwind, we would expect OR to be fine and as noted the royalty model should help to reduce operational risks to some degree here.