It sounds counterintuitive, but mixing boring miners with speculative ones can reduce overall portfolio risk.
Large producers like Agnico Eagle Mines or Barrick Gold tend to move with gold prices, margins, and macro sentiment. They smooth out volatility and give you exposure to precious metals without relying on a single event going right.
Explorers are different. A company like Rumble Resources (CSE: RB) isn’t priced on earnings. It’s priced on potential. That means news, drilling results, partnerships, or commodity tailwinds can move the stock fast in either direction.
When producers stall but metals sentiment improves, explorers often move first. When risk comes off, producers hold value better.
Blending both isn’t about chasing returns. It’s about not needing perfect timing.