Investment Q&A

Q: Please comment on their earning. Thanks for your excellent service.

Q: I was disappointed with the reaction to the release of the year end results for B2Gold. Since I started accumulating BTO in the summer of 2024 I have some very solid gains with BTO but not nearly as good as I have had with Alamos, K92, Gmining, centera gold. alkane, and even Agnico Eagle. That is my story but more importantly this my question. Was it the 2025 results that disappointed (Because they did not look that bad to me except that the new Goose Mine is ramping up slower than projections.) or is it the guidance for 2026? I think it is the weak guidance. But one thing that a casual observer might not know about BTO is that they have been getting much lower prices for their gold because of a prepay arrangement with I believe is with Tripple Flag. BUT that prepay will be over at the end of June (please confirm that) and then BTO can get the full price for all of their gold sales for the second half of 2026. I think BTO only got about $3300 on ounce in the last quarter of 2025 while Alkane realized $5200 (perhaps that was in $AUS since I only glanced at the press release). That is a huge difference. So even if BTO produces fewer ounces in 2026, due to the Namibia mine ramping down, the profitability of BTO in the second half of 2026 may be strong due to higher realized gold prices for ALL of the ounces produced in the 2half of 2026. Am I looking at this possibility correctly or am I missing a critical piece of the financial puzzle of BTO?

Q: What’s your opinion on the results just released? Is it a decent place to park a few bucks ? Is it decent value ?

Q: Nothing in today’s earnings would improve anyone’s sense of the value of BTO. Assume advice remains to invest for gold in other companies.

Q: Could you please comment on today's earnings report for Discovery Silver? How do things look going forward? Would you still recommend DSV as a buy? If yes, what would be a fair price to start a position? Thank you to you and your team for your excellent service. Gord

Q: What are your top Canadian stock(s) if one wanted exposure to platinum?

Thanks for the great service!

Q: Any reason for the decline in Capstone while other copper producers are up.

Thanks

Dave

Q: Came across this gold company from an article in The New Money which I read occasionally! What are your thoughts on this 1.6 Billion market cap co.
Is this a possible 10 bagger down the road?
Thanx as Usual
Gary

Q: Hello Peter
I have WPM , FNV and AEM for gold and precious metals
WPM and FNV are both partial positions

I was told that WPM is like a royalty company and less risks
besides gold, does WPM generates income from silver and copper (the 2 that I like besides gold)
would you add to WPM or FNV or both (equal portion); awaits a pullback
AEM, I hold a full position already, thanks

all that glitters indeed is gold
which have done well last year
(glad that 5i recommends AEM which I hold for a long time, now bearing fruit)
thumbs up

Thanks

Michael

Q: Could you please recommend a couple of Copper ETFs going forward.

Q: Hello 5i,
Could you please recommend two of your top international copper producers/miners.
Thanks for so much great advice.
Ralph

Q: Hi 5i Team.

Looking to add some exposure to Copper in my portfolio. Can you list a few of your preferred ETF's , and miners and perhaps briefly explain those choices?

Thanks.

Q: In looking at old emails/threads on 5i research I see there’s been nothing in the past year for these two companies

What are your thoughts with these two companies with the recent gold prices and holdings for the next year?

Q: I own both and just wonder if both SIL and SVM are needed? I would sell one to buy CCO.

Thanks

Q: Apparently the brokerages which deal in the gold trade were recently advised, by the regulator, to revise the allowable margin calculation. (based on gold holdings). This significantly reduced the allowable margin amounts. I understand that a letter from the regulator suggests that the reason for the change is that it views that the price of gold, and the volatility are too high. Too many investors might get hurt.
My question is: Is the regulator all that altruistic or are there geopolitical issues at play here which a prudent investor should be aware of?
Thanks for your insightful thoughts.
Ian

Q: Would appreciate your advice on ranking our material sector holdings with the goal of consolidating those with the highest conviction. Would you suggest others in this sector that could be added - such as NTR.

Q: Hi 5i
How were SVM earnings yesterday on Monday feb 09.... Any upside/downside surprises?
Would you continue to hold or add? Seems to be muted reaction by market today?
thx

Q: What advice would you give to a shareholder of Vizsla, regarding the tragic abduction and killing of some employees in what is apparently a cartel-controlled part of Mexico? Sell? Hold? The stock has seen a big hit in the last few days.

Q: Hi,
THoughts on Ero's results, market reaction seems aggressive

Slainte, Chris

Q: I currently have full positions in base metal and precious metal stocks. Thank you for your ideas. Finding myself short of rare earth investments. Could I have a couple suggestions please?
Thanks
Steve