Global Commodities, Mint Finance

Srinidhi Raghavendra

Global Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>
Unmatched Operating Leverage: As gold prices surge, miners’ fixed costs allow for disproportionate earnings growth; Kinross leads this trend with a staggering 259% price rally since early 2025.</li>
<li>
 Self-Funded Strategic Expansion: Kinross’s three new U.S. projects boast a 55% IRR and $4.1 billion NPV, fully funded by robust cash flows without compromising a lean, debt-reduced balance sheet.</li>
<li>
Valuation Disconnect: Despite record production and rising ROE, Kinross trades at a discount to peers, offering a high free cash flow yield and significant untapped upside potential.</li>
</ul>



Unmatched Operating Leverage: As gold prices surge, miners’ fixed costs allow for disproportionate earnings growth; Kinross leads this trend with a staggering 259% price rally since early 2025.

 Self-Funded Strategic Expansion: Kinross’s three new U.S. projects boast a 55% IRR and $4.1 billion NPV, fully funded by robust cash flows without compromising a lean, debt-reduced balance sheet.

Valuation Disconnect: Despite record production and rising ROE, Kinross trades at a discount to peers, offering a high free cash flow yield and significant untapped upside potential.


Kinross Gold Is Self Funded, High Yield & Still Cheap

Director, Head of Research, Smartkarma

Pranav Rao

Director, Head of Research

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
<li>Welcome to Curator’s Cut — a roundup of standout themes from the 1,900+ insights published on Smartkarma over the past month. </li>
<li>In this cut, we spotlight fresh additions to our 2026 high conviction list, review the strong pipeline of China healthcare IPOs, and assess sentiment after the strong year-end metals rally.</li>
<li>Want to dig deeper? Comment or message with the themes you’d like to see highlighted next.</li>
</ul>


Welcome to Curator’s Cut — a roundup of standout themes from the 1,900+ insights published on Smartkarma over the past month. 
In this cut, we spotlight fresh additions to our 2026 high conviction list, review the strong pipeline of China healthcare IPOs, and assess sentiment after the strong year-end metals rally.
Want to dig deeper? Comment or message with the themes you’d like to see highlighted next.


Curator's Cut: Expanding 2026 Top Picks, China Healthcare IPO Bonanza & The Metals March

Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

VanEck Gold Miners ETF/USA / Equity Derivatives

<ul>
<li>The gold mining sector is positioned for significant upside driven by central bank diversification and macroeconomic risks, including continued U.S. debt growth.</li>
<li>Gold's price breaching $4,500/oz against low historical mining costs is enabling greater free cash flow generation for major gold miners.</li>
<li>Sector-Wide momentum, also evidenced by the outperforming surge in silver and platinum, suggests a new pricing paradigm and leveraged profit potential in mining company equities.</li>
</ul>


The gold mining sector is positioned for significant upside driven by central bank diversification and macroeconomic risks, including continued U.S. debt growth.
Gold's price breaching $4,500/oz against low historical mining costs is enabling greater free cash flow generation for major gold miners.
Sector-Wide momentum, also evidenced by the outperforming surge in silver and platinum, suggests a new pricing paradigm and leveraged profit potential in mining company equities.


Gold’s Unprecedented Margin Cycle: The GDX ETF FEB26 Strategy

<ul>
<li>The bullish outlook for global equities is driven by the macro strength of Developed Markets, including US upside and Eurozone resilience, plus corporate governance reforms.</li>
<li>Central bank divergence, FX risks 2026+ may warrant a look at VIX and gold portfolio hedges.</li>
<li>KOSPI 200 led 2025 gains among our selection of indices, highlighting AI alpha from memory chips as another dimension to the global GPU rally.</li>
</ul>


The bullish outlook for global equities is driven by the macro strength of Developed Markets, including US upside and Eurozone resilience, plus corporate governance reforms.
Central bank divergence, FX risks 2026+ may warrant a look at VIX and gold portfolio hedges.
KOSPI 200 led 2025 gains among our selection of indices, highlighting AI alpha from memory chips as another dimension to the global GPU rally.


Global Markets: US Rates, Korean Alpha, and the AI Diversification Thesis

Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

<ul>
<li>After an extraordinary run, SLV’s pullback appears orderly as implied volatility cools yet remains high by historical standards.</li>
<li>We examine how this bull market in Silver compares with previous bull market spanning 50 years.</li>
<li>We also look at market participation to identify what’s been driving the recent price action.</li>
</ul>


After an extraordinary run, SLV’s pullback appears orderly as implied volatility cools yet remains high by historical standards.
We examine how this bull market in Silver compares with previous bull market spanning 50 years.
We also look at market participation to identify what’s been driving the recent price action.


Silver: A Fifty-Year Perspective on Bull Markets and Sizing Up the Recent Correction

United States

SPDR Gold Shares is an investment fund incorporated in the USA.  The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.

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SPDR Gold Shares (GLD US)

Kinross Gold Is Self Funded, High Yield & Still Cheap

Kinross growth plans are self-funded, delivers high yield and is still cheap. How Kinross turned a 72% gold rally into a 259% gain?

Mint Finance

Curator's Cut: Expanding 2026 Top Picks, China Healthcare IPO Bonanza & The Metals March

In the first issue of Curator's Cut in 2026, we review more high conviction ideas, the pipeline of China healthcare IPOs, and sentiment around...

Pranav Rao

Gold’s Unprecedented Margin Cycle: The GDX ETF FEB26 Strategy

Gold mining sector poised for growth due to central bank diversification and macro risks, with rising gold prices boosting free cash flow for...

Jay Cameron

Global Markets: US Rates, Korean Alpha, and the AI Diversification Thesis

Equities bullish due to strong Developed Markets, corporate governance reforms, and GPU upside in Asia and US/AI Memory alpha in Korea. CB...

Jay Cameron

Silver: A Fifty-Year Perspective on Bull Markets and Sizing Up the Recent Correction

The powerful surge in the silver price on Friday, which propelled it to new multi-year highs, has drawn significant market attention to placing...

John Ley

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Kinross Gold Is Self Funded, High Yield & Still Cheap

Kinross growth plans are self-funded, delivers high yield and is still cheap. How Kinross turned a 72% gold rally into a 259% gain?

Mint Finance

Curator's Cut: Expanding 2026 Top Picks, China Healthcare IPO Bonanza & The Metals March

​In the first issue of Curator's Cut in 2026, we review more high conviction ideas, the pipeline of China healthcare IPOs, and sentiment around...

Pranav Rao

Gold’s Unprecedented Margin Cycle: The GDX ETF FEB26 Strategy

​Gold mining sector poised for growth due to central bank diversification and macro risks, with rising gold prices boosting free cash flow for...

Jay Cameron

Global Markets: US Rates, Korean Alpha, and the AI Diversification Thesis

Equities bullish due to strong Developed Markets, corporate governance reforms, and GPU upside in Asia and US/AI Memory alpha in Korea. CB...

Jay Cameron

Silver: A Fifty-Year Perspective on Bull Markets and Sizing Up the Recent Correction

The powerful surge in the silver price on Friday, which propelled it to new multi-year highs, has drawn significant market attention to placing...

John Ley

In the first issue of Curator's Cut in 2026, we review more high conviction ideas, the pipeline of China healthcare IPOs, and sentiment around...

Gold mining sector poised for growth due to central bank diversification and macro risks, with rising gold prices boosting free cash flow for...