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    Charles Gibson

    Director and Senior Analyst at Edison Group

    Charles Gibson is a Director and Senior Analyst at Edison Group, specializing in mining and resource sector equities with extensive experience in both sell-side and corporate analysis. He has covered companies such as Tyman and various mining firms, providing in-depth research and investment perspectives, though specific performance metrics and rankings are not publicly available. Gibson began his analytical career after prior roles in science editing and investment banking, and he joined Edison Group in the mid-2000s where he established the natural resources research practice. He holds an undergraduate degree from Oxford University and is recognized for expertise in mineral economics, though his professional credentials such as FINRA registration and securities licenses are not publicly documented.

    Charles Gibson's questions to Wheaton Precious Metals (WPM) leadership

    Charles Gibson's questions to Wheaton Precious Metals (WPM) leadership • Q4 2024

    Question

    Charles Gibson from Edison Group (also referred to as Lord Ashbourne) asked a counterfactual question regarding the Voisey's Bay impairment, wondering if the write-down would have occurred if the cobalt price on December 31st had been at its more recent, higher level.

    Answer

    SVP & CFO Gary Brown acknowledged that at the higher price, they 'probably not' would have impaired the asset. However, he explained the decision was based on the sustained decline in cobalt prices over the prior 12-16 months and a desire to remove the 'noise' of potential impairments or reversals from future results, given uncertainty about the sustainability of the recent price rally.

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