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

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

Newmont Mining (NEM US): The World's Premier Gold Miner At ~10% FCF Yield

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

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

<ul>
<li>Mount Milligan to 2045, and Öksüt to fund Goldfield, Kemess, and Thompson Creek internally, with $451m cash, zero debt, and $1bn liquidity.</li>
<li>Q2 2026 lifted gold guidance to 260 to 290koz; Türkiye halves Öksüt's tax rate from 2027, and $200m of buybacks have been authorized.</li>
<li>At 0.53x P/NAV versus peers at 0.7x, FY26E EV/EBITDA of 6.0x, P/B of 1.95x and derived ROCE of 23.5%.</li>
</ul>


Mount Milligan to 2045, and Öksüt to fund Goldfield, Kemess, and Thompson Creek internally, with $451m cash, zero debt, and $1bn liquidity.
Q2 2026 lifted gold guidance to 260 to 290koz; Türkiye halves Öksüt's tax rate from 2027, and $200m of buybacks have been authorized.
At 0.53x P/NAV versus peers at 0.7x, FY26E EV/EBITDA of 6.0x, P/B of 1.95x and derived ROCE of 23.5%.


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