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Cosmos Chiu

CIBC World Markets

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Cosmos Chiu, director of Precious Metals Equity Research, CIBC World Markets, joined CIBC in June 2006 to provide coverage of development and production-stage companies in the gold sector, as well as royalty companies. Chiu has a specific focus on mining assets in North America, Europe and Africa, covering companies with market capitalizations ranging from $200 million to $10 billion. He was ranked fifth overall best stock picker by Starmine in 2010. He is consistently ranked in the top 10 in the Brendon Wood International survey for the Precious MetalsŚSmall/Mid Cap sector.




Recent Interviews

Cosmos Chiu: Assessing Gold Mines in Far-Flung Places (2/3/14) Cosmos Chiu, executive director of precious metals equity research at CIBC World Markets, doesn't just stick to mining companies in North America. About one-third of gold comes from Africa, Chiu says in this interview with The Gold Report, so he likes to dedicate a similar amount of coverage to companies there. But knowing what to look for in intriguing districts around the world is what sets Chiu apartŚthat and his decidedly bullish forecast for the gold price.

Cosmos Chiu Finds Mining Opportunities Around the World (11/2/12) Cosmos Chiu, a director and research analyst with CIBC in Toronto, focuses on midtier gold producers, but his coverage gives him a leg up on truly understanding royalty companies' assets. In this interview with The Gold Report, Chiu talks about how much longer royalty companies could continue to outperform the rest of the market, while also discussing companies he follows in some of his favorite jurisdictions.

Recent Quotes

"My net asset value on TGZ increased by about 40%." (2/3/14) Teranga Gold Corp. - The Gold Report Interview with Cosmos Chiu Moreá>

"FNV exhibits the ability to excel." (2/3/14) Franco-Nevada Corp. - The Gold Report Interview with Cosmos Chiu Moreá>

"TGZ's 2014 guidance includes production of 220ľ240 Koz at total cash cost of $650ľ700/oz." (1/30/14) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"The Cobra Panama update provides a more definitive roadmap to production and a net positive for FNV." (1/29/14) Franco-Nevada Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"We are upgrading our rating for TGZ to Sector Outperformer." (12/18/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"FNV's acquired stream from Teranga will provide immediate cash flow." (12/17/13) Franco-Nevada Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"DGC's mill throughput in Q3/13 increased over Q2/13." (10/10/13) Detour Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"TGZ has completed acquisition of all issued and outstanding common shares of Oromin." (10/8/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

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"TGZ's revised mine plan provides a basis on which to grow the company." (9/23/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"Commercial production at DGC's Detour Lake beat expectations." (8/16/13) Detour Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"TGZ's all-in costs should provide resilience to lower gold prices." (7/31/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"TGZ's friendly transaction with Oromin is a positive step." (7/24/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"We resume coverage of DGC, which recently completed a CA$176M equity financing." (6/13/13) Detour Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"TGZ has indicated its intent to acquire all of the outstanding shares of Oromin Explorations." (6/4/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"Total cash costs per ounce have been trending lower at TGZ's Sabodala." (5/23/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"DGC's ramp-up at the Detour Lake mine continues to progress." (5/17/13) Detour Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"FNV remains a top pick in the precious metals space." (5/7/13) Franco-Nevada Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"RGL has a steady group of assets." (5/3/13) Royal Gold Inc. - Cosmos Chiu, CIBC World Markets Moreá>

"Plant availability has been key to DGC's Detour Lake ramp-up; early results have been positive." (4/29/13) Detour Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"TGZ is well positioned to leverage its existing infrastructure." (4/22/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"DGC has increased grades to ~0.80 g/t from 0.64 g/t." (4/10/13) Detour Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"TGZ's development of the high-grade Gora deposit has progressed to the permitting stage." (2/20/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"TGZ's Gora deposit will be an important source of higher-grade ore feed." (1/30/13) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"We believe RIC can generate the most value from Island Gold." (11/30/12) Richmont Mines Inc. - Cosmos Chiu, CIBC World Markets Moreá>

"RIC's Island Gold project could be a game changer." (11/25/12) Richmont Mines Inc. - Cosmos Chiu, CIBC World Markets Moreá>

"DGC is one of our top picks for gold exposure going into 2013." (11/9/12) Detour Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"The Cortez royalty created a very important cash-flow generator for RGL." (11/2/12) Royal Gold Inc. - The Gold Report Interview with Cosmos Chiu Moreá>

"Looking ahead, some of RGL's bigger contracts would be Pe˝asquito and Andacollo." (11/2/12) Royal Gold Inc. - The Gold Report Interview with Cosmos Chiu Moreá>

"PLG has a very good management team and some pretty interesting assets in Turkey and Nevada." (11/2/12) Pilot Gold Inc. - The Gold Report Interview with Cosmos Chiu Moreá>

"I have a Sector Outperformer rating on FNV." (11/2/12) Franco-Nevada Corp. - The Gold Report Interview with Cosmos Chiu Moreá>

"BAA has declared commercial production at Twangiza." (8/29/12) Banro Corporation - Cosmos Chiu, CIBC World Markets Moreá>

(8/15/12) Teranga Gold Corp. - Cosmos Chiu, CIBC World Markets Moreá>

"RGL's $370M offering further strengthens its balance sheet for royalty opportunities." (6/21/12) Royal Gold Inc. - Cosmos Chiu, CIBC World Markets Moreá>

"RGL anticipates royalty revenue from Ruby Hill gold mine in Q4/12." (5/24/12) Royal Gold Inc. - Cosmos Chiu, CIBC World Markets Moreá>

"BAA's operations at Twangiza are moving in the right direction." (4/25/12) Banro Corporation - Cosmos Chiu, CIBC World Markets Moreá>

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