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    Mikel Abasolo

    Research Analyst at Independent Analyst

    Mikel Abasolo is an Independent Analyst specializing in equity research with a focus on the Spanish and broader European markets. He has covered a variety of companies, including prominent names such as Iberdrola, Repsol, and Banco Santander, and is recognized for his in-depth analysis and actionable investment insights, boasting a success rate of over 65% and top rankings on investment platforms for his accurate equity recommendations. Starting his career over a decade ago in financial advisory roles before transitioning to independent analysis in 2016, he has built a reputation for thorough research and market foresight. Mikel holds key professional credentials, including FINRA Series 7 and Series 63 licenses, and has been recognized for his insightful research publications and strong performance track record.

    Mikel Abasolo's questions to Triple Flag Precious Metals (TFPM) leadership

    Mikel Abasolo's questions to Triple Flag Precious Metals (TFPM) leadership • Q2 2024

    Question

    Mikel Abasolo questioned the basis for Triple Flag's future gold and silver price assumptions and asked for a detailed explanation of the significant impairment charges on the Pumpkin Hollow and Mass mines, including what went wrong and the potential for recovery.

    Answer

    SVP of Corporate Development James Dendle explained that while the company is structurally bullish on precious metals, it uses a range of prices for investment decisions. Regarding the impairments, he and CFO Sheldon Vanderkooy clarified that these were known underperforming assets. For financial prudence, they were written down to zero as they entered insolvency proceedings, assuring investors of no further financial statement exposure from these two assets.

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