Added to YB: 2026-04-21
Pitch date: 2026-04-17
GPM.L [bullish]
Golden Prospect Precious Metals Ltd.
-0.48%
current return
Author Info
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Company Info
Golden Prospect Precious Metals Ltd. is a close ended equity mutual fund launched and managed by CQS Asset Management Ltd.
GPM - what prospect for Golden prospect
GPM.L: Top performing fund of 2025, NAV 132p vs 102p share price = 23% discount (widened from 16% avg). Pivoted to 23% silver (from 8%) on tight physical supply: COMEX registered stocks -75% since 2020, 7.6:1 paper-to-physical ratio, lease rates 6-7% (4-6x avg). Top 10 holdings (53% NAV) shifting capex→cashflow: EQX $15 PT (+50%), PAAS La Colorada 16Moz Ag/yr expansion, GGP $1.2B cash+500koz/yr, GMIN +25% production 2027. Buybacks active (0.19% shares). If NAV returns to 150p, buying at 35% discount.
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