Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Centerra Gold Inc. (CG CN): Two Funded Mines Pay for a Four-Project North American Pipeline

Kinross Gold Corporation (TSX: K; NYSE: KGC): Record Margins Fund Buybacks and a Grade-Led Pipeline

GOLD MINING SECTOR: Comparative Valuation, Share Price Performance & Gold Price Sensitivity

Wesdome (WDO CN): Full Year Guidance Reaffirmed, Eight-Year Mine Plans Filed

OceanaGold (OGP PM), Inc. Q2 FY2026 : Strong Results and Weak Dividend Declaration

APEX MINING CO., INC. (APX PM) Q2FY26: 50% Earnings Growth 7.8x PE With A 6.4% Yield

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

OceanaGold Philippines / Equity Bottom-Up

<ul>
<li>
Mine supply is stuck near 3,600 tonnes a year. Central bank buying doubled after the Russia-Ukraine war, from 500 tonnes to 1,000 tonnes, squeezing everyone else.</li>
<li>
Debasement, not real rates, drives gold now. Yields that signal fiscal stress pull money in, not out. August proved it: rates stayed high, gold rallied anyway. Intervention does the same.</li>
<li>
Three small- to mid-cap stocks we like to play the gold theme are <a href="https://www.smartkarma.com/entities/oceanagold-philippines-inc" target="_blank" data-smartkarma-citation="entities:40897:1" rel="noopener">OceanaGold Philippines (OGP PM)</a> / <a href="https://www.smartkarma.com/entities/apex-mining-co-inc" target="_blank" data-smartkarma-citation="entities:22952:1" rel="noopener">Apex Mining (APX PM)</a>, and <a href="https://www.smartkarma.com/entities/wesdome-gold-mines-ltd" target="_blank" data-smartkarma-citation="entities:53204:1" rel="noopener">Wesdome Gold Mines (WDO CN)</a>
</li>
</ul>



Mine supply is stuck near 3,600 tonnes a year. Central bank buying doubled after the Russia-Ukraine war, from 500 tonnes to 1,000 tonnes, squeezing everyone else.

Debasement, not real rates, drives gold now. Yields that signal fiscal stress pull money in, not out. August proved it: rates stayed high, gold rallied anyway. Intervention does the same.

Three small- to mid-cap stocks we like to play the gold theme are OceanaGold Philippines (OGP PM) / Apex Mining (APX PM), and Wesdome Gold Mines (WDO CN)



$4,500 Gold: Three Small-Mid Caps The Market Has Not Repriced