25th February 2026

Golden Prospect Precious Metals is a closed-ended investment company (LON: GPM) that invests predominantly in a range of a gold and silver companies. These are mostly producers and developers from across the globe. 

Golden Prospect Precious Metals Limited is a London listed investment trust investing in gold and silver mining equities globally. Managed by CQS, the portfolio spans producers, developers and exploration companies, with a focus on valuation, asset quality and management track record.

Over the 12 months to late January 2026, the trust delivered approximately 170% share price total return. In this interview, the managers discuss the drivers behind that performance and how they are positioning the portfolio following a period of strong gains and renewed volatility in the sector.

The conversation covers current market conditions, capital discipline within mining companies and how the team assesses opportunity across different parts of the precious metals universe. It also touches on the macro backdrop and how that informs allocation decisions.

This film provides a concise update for professional investors seeking specialist exposure to precious metals through a London listed vehicle (LON: GPM).

In our interview,  Rob Crayfourd and Keith Watson provide an overview of Golden Prospect Precious Metals and their views on both the gold and silver prices.