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Pierre Lassonde Reflects on his Life, Career, and Paving the Path for Mining's Royalty Business Model

Mining Stock Daily

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The Merger Without Us Made a Lot of Sense

The company's revenue is 95% tied to commodity price. For a lot of operators, if they have used an example 20% profit margin, if the gold price goes down by 10%, they have lost 50% of their margin. So in case of how that impacts the operators, clearly you've seen already capex increase is starting to come through for a lot of miners. And I think as elemental, this is when we started the company, we sort of looked at it in terms of how do you prepare for a hard market as well as a good market? And the way you do that is having good quality producing assets. That's why the merger without us made a lot of sense

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