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Wheaton Precious Metals Corp. (WPM $121.23)
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Agnico Eagle Mines Limited (AEM $161.61)
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Integra Resources Corp. (ITR $1.98)
Q: Hi how do you see the outlook for ITR as an investment and associated risks?
5i Research Answer:
ITR is a small ($300M market cap) precious metals mining company that mostly operates out of the US. Forward growth prospects are expected to be high for FY2025, and analysts expect it to be profitable by FY2025. So far it is pre-revenue and it mostly funds its operations through share dilution. There are risks present around its financing and if there are any delays in development. We like its recent momentum given the strong run in gold prices, but overall we would prefer a more proven name like AEM or WPM.