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    Stephen Soock

    Research Analyst at Stifel

    Stephen Soock is the former Vice President and Brendan Wood-ranked sell-side research analyst at Stifel, specializing in precious metals and mining with coverage focused on growth and development-stage companies, especially junior gold miners. During his tenure, he covered firms such as i-80 Gold Corp and had a public performance record that included a 7% success rate and an average return of -26.52% on TipRanks for one-year holding periods. Soock began his career in technical mining engineering roles at major companies like Vale, Mosaic, and Rio Tinto across Canada, joined Stifel as a sell-side analyst, and most recently transitioned to become Vice President of Investor Relations and Development at Heliostar Metals in April 2025. He holds a B.Sc. in Mining Engineering from Queen's University, is a CFA Charterholder, and has nearly two decades of mining industry expertise in both operational and capital markets capacities.

    Stephen Soock's questions to SILV leadership

    Stephen Soock's questions to SILV leadership • Q1 2024

    Question

    Inquired about the company's strategy for determining the amount of bullion to hold on its balance sheet and under what circumstances it might sell or trim those holdings.

    Answer

    The executive explained that the strategy is to provide investors more exposure to gold and silver. The decision on how much to hold is related to the cost of production; the company aims to be a 'price maker' by holding or buying when prices are low. When prices are high, they would consider hedging their bullion holdings, similar to how they manage other currencies.

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