Executive insights from the CEOs of AEM and WPM
Comment of the Day

August 25 2020

Commentary by Eoin Treacy

Executive insights from the CEOs of AEM and WPM

Thanks to a subscriber for this report from Bank of American/Merrill Lynch which may be of interest. Here is a section:

Eoin Treacy's view

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Royalty streamers offer a solution to the age-old question of how to buy gold at a discount. That of course depends on a willingness and ability to buy when no one else is interested. Whatever about the success of companies in capturing streaming rights over the last few years, the window for closing on new ones is swiftly closing. Miners know they have in-demand assets and there have been an increasing number of stories about private placements being oversubscribed by multiples of the desired amount. That suggests prices for shovel ready projects are rising quickly as investors adapt to the new bull market environment.

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