Jacques Vaillancourt, CEO of Mineral & Financial, discusses the shift from gold to silver and copper

Mineral & Financial Investments (LSE: #MAFL) has long positioned itself as a nimble, opportunistic investor across the mining and resources spectrum. With gold having delivered stellar returns, the company is now rebalancing its portfolio, reducing its overweight exposure to the yellow metal while increasing its focus on silver and copper – two commodities with powerful industrial and electrification tailwinds. In this interview, CEO Jacques Vaillancourt joins focusIR to explain the thinking behind this strategic pivot, the impact on recent performance, and why the company remains well-placed to deliver further upside in today’s complex macro environment. In this interview, investors will hear: - Why MAFL has begun trimming its gold exposure after an extended run-up in prices. - Why MAFL is increasing allocations to silver, and how its unique industrial uses differentiate it from gold. - Why copper remains a core conviction, particularly as electrification drives demand amid constrained new supply. - How the company balances direct metal holdings with stakes in miners and streaming deals to generate outsized returns. Reasons to add Mineral & Financial Investments to your watchlist: - Experienced management with a deep understanding of the sector and investing through cycles to create value - MAFL operates a dynamic investment strategy that adapts to changing market conditions, pivoting to the metals with the greatest upside potential with a balanced portfolio of precious metals, base metals, lithium, and energy-related assets - MAFL offers investors increasing exposure to silver’s dual role as a store of value and industrial growth commodity, and copper’s central role in the energy transition. - Debt free, and with several ‘monetisation’ events in its strategic map, giving it the opportunity to redeploy capital in the year ahead - Its shares trade at significant discount to MAFL’s conservatively valued and high-performing public and private portfolio, which gives investors both a large margin of safety and significant upside Jacques Vaillancourt, president and CEO of Minerals & Financial Investments (MAFL), was interviewed by John Hughman for focusIR.