Mining Stock Daily Analyzing the Q1 Production and Financials from Gold Producers with Garic Moran
May 8, 2025
Garic Moran from Moran Tice Capital Management dives into the Q1 performance of gold producers like Equinox and Newmont. He highlights strong earnings despite some missed targets and rising costs, revealing a paradox in investor sentiment. The conversation covers investment strategies and the bullish outlook for silver amid market uncertainty. Moran emphasizes the need for diversification in mining portfolios and shares insights on Newmont's financial resurgence and strategic decisions that could shape future trends.
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Gold Producers Beat Estimates, Investors Hesitate
- Most gold producers exceed analyst expectations significantly.
- Despite strong earnings, investor interest and capital inflows remain muted.
Adjusting Position Post-Equinox Miss
- Garic sold all his Equinox shares after disappointing Q1 results.
- He bought more Caliber shares on the dip but reduced overall exposure to the combined entity.
Silver Miners Show Strong Earnings But Lag
- Pan American and Coeur d'Alene reported strong cash flow and earnings beats.
- Despite profits, silver miners generally lag gold miners and show uneven market reactions.