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Gold Stocks Are Undervalued | Imaru Casanova (VanEck Fireside Chat #4)
Forward Guidance
Diversification Diminishes Risk
Owning multiple streams or royalties in mining provides significant diversification, reducing the effects of individual mine performance. This model alleviates cost concerns, as the structure of deals is typically designed to support operational stability in mines, minimizing exposure to operational costs. While this leads to reduced earnings volatility compared to traditional producers—who face greater fluctuations tied to gold price changes—this streaming and royalty approach represents a robust business model. Active investment strategies can leverage this structural advantage while maintaining a strategic balance between different types of precious metals companies.
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