Asset Ownership DilutionAnalyst notes the company's ownership interest in ODV was reduced following a financing, lowering exposure to potential upside from that asset.
Commodity Price VolatilityAnalyst highlights metal price volatility materially affected gold-equivalent production calculations versus guidance, creating uncertainty around production metrics and analyst forecasts.
Royalty PerformanceAnalyst points out certain royalties underperformed expectations and were the primary reason for weaker reported results, pressuring near-term cash flow.