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

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

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

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<li>Revenue and margin: Q2 revenue rose 28% to C$267m, and EBITDA rose 23% to C$170m; both mines now sit on eight-year reserve mine plans filed in June.</li>
<li>
 Operational inflection: Kiena production up 28% year-on-year; full-year production and cost guidance reaffirmed, with output and free cash flow weighted to H2.</li>
<li>
 At C$36, WDO trades on 11.0x FY26e earnings and 5.3x EV/EBITDA, against C$391m cash, no debt and C$871m FY26e EBITDA.</li>
</ul>


Revenue and margin: Q2 revenue rose 28% to C$267m, and EBITDA rose 23% to C$170m; both mines now sit on eight-year reserve mine plans filed in June.

 Operational inflection: Kiena production up 28% year-on-year; full-year production and cost guidance reaffirmed, with output and free cash flow weighted to H2.

 At C$36, WDO trades on 11.0x FY26e earnings and 5.3x EV/EBITDA, against C$391m cash, no debt and C$871m FY26e EBITDA.


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

Wesdome Gold Mines

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