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    Larry Liu

    Research Analyst at CIBC Capital Markets

    Larry Liu is an Equity Research Associate at CIBC Capital Markets, specializing in financial analysis and capital markets research. He covers companies including Franco-Nevada Corp, where his investment insights have contributed to CIBC’s reputation in industry earnings calls. Larry began his analyst career after completing formal financial training and has held the Equity Research Associate position at CIBC since at least 2024, with a track record reflected in his regular participation in major corporate events. He holds relevant professional credentials associated with his analyst role, supporting securities research and analysis within the capital markets sector.

    Larry Liu's questions to FRANCO NEVADA (FNV) leadership

    Larry Liu's questions to FRANCO NEVADA (FNV) leadership • Q2 2025

    Question

    Larry Liu asked about the impact of rebounding platinum prices on the Western Limb acquisition, the strategy behind taking equity stakes in miners, and potential updates to the five-year guidance.

    Answer

    Chief Investment Officer Eaun Gray noted that higher platinum prices provide a significant tailwind for the Western Limb assets. President & CEO Paul Brink described the equity stakes as a long-term strategy to act as a financial backer for promising companies. Brink also highlighted Castle Mountain's FAST-41 inclusion as a positive development for the five-year outlook, which is formally updated in Q1.

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    Larry Liu's questions to FRANCO NEVADA (FNV) leadership • Q2 2025

    Question

    Larry Liu asked about the impact of rebounding platinum prices on the Western Limb acquisition, the strategy behind taking equity stakes in miners, and potential additions to the five-year guidance.

    Answer

    Chief Investment Officer Eaun Gray noted that higher platinum prices were a pleasant surprise that improves the economics of the Western Limb assets. President and CEO Paul Brink described equity stakes as a long-term strategy to be a financial backer for promising companies. He also highlighted the Castle Mountain project as another positive development for the five-year outlook, with formal guidance updates to come with annual results.

    Ask Fintool Equity Research AI