Kitco MINING

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Kitco MINING

The Global Leader In Resource News Kitco Mining delivers the latest news, in-depth analysis and valuable insights into the mining industry. Our extensive coverage of precious and base metal companies will keep you informed and prepared. Our scope isn't limited to gold and silver mining; we also explore base metals like lead and iron ore, as well as critical minerals like copper, cobalt, graphite, lithium, manganese, neodymium, nickel, niobium, palladium, platinum, rhodium, tin, tungsten, vanadium, and zinc. Be informed about energy transition and the battery metal sector. Kitco has exclusive access to influential CEOs and investors, so you can make confident, informed decisions. We cover the entire resource sector, from exploration and development companies to miners and royalty and streaming firms. Stay ahead of the curve. Subscribe today! GOLD LIVE! APP - https://applications.kitco.com In-depth coverage - https://www.kitco.com/mining

  1. 246

    $20M Kinross Earn-In Drives Riley Gold’s Nevada Exploration | Hilditch

    Riley Gold (TSXV: RLYG) is advancing exploration at its Pipeline West/Clipper (PWC) project along Nevada’s Cortez trend, where partner Kinross can earn up to 75% by spending $20 million USD. CEO Todd Hilditch said the project is located in “elephant country,” within a district that hosts “50 million ounces of past production, current reserve,” alongside major deposits such as Cortez and Pipeline.Early drilling has intersected mineralization ranging from “half a gram up to two and a half grams per ton” in the upper plate, with exploration focused on targeting higher-grade zones in the lower plate. Hilditch said the program is designed to confirm that “we're vectoring in on the source,” as drilling continues to step out across a largely underexplored extension of the trend.Kinross is expected to finalize its 2026 drill plan in May, with drilling anticipated in late spring or early summer and results expected in the fall. A Plan of Operations submitted to the Bureau of Land Management could allow for up to 400 drill holes over time.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Riley Gold, visit: https://rileygoldcorp.com/Sponsored content. This video was produced with support from a Kitco sponsor. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice.00:21 - Riley Gold Overview and Nevada Focus01:02 - Carlin-Type Gold System Explained01:57 - Why PWC Could Host a Major Deposit04:32 - How Riley Gold Acquired the PWC Project05:26 - Company Strategy and Potential Endgame06:43 - Kinross Partnership and JV Origins08:09 - Kinross Earn-In Terms and Structure10:06 - What Exploration Success Looks Like11:35 - Exploration Strategy and 2026 Timeline14:17 - Key Risks and Geological Challenges15:48 - Riley Gold’s Role Beyond Kinross JV18:51 - Cash Position and Funding Runway__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  2. 245

    Aviation Fuel Crisis Drives Syntholene Push | Dan Sutton

    Syntholene Energy (TSXV: ESAF; OTC: SYNTF) CEO Dan Sutton joins Kitco Mining’s Investment Trends as tightening jet fuel supplies expose structural risks across global transportation. Sutton said the aviation sector is “100% exposed” to fossil fuel supply chains, adding that “Aviation fuel is often the canary in the coal mine when it comes to supply chain constraints.” He noted that hard-to-abate sectors have no viable alternative to high-energy-density liquid fuels.Speaking on April 27, 2026, Sutton said the company is advancing a geothermal-powered synthetic fuel project in Iceland aimed at lowering costs and scaling production. Integrating heat and electricity could reduce hydrogen costs by about 70%, while producing a drop-in fuel compatible with existing aircraft and infrastructure. The demonstration facility is targeting completion by the end of 2026, supported by an expression of interest from Icelandair for 250 million liters over a decade.“Everybody is looking for more of this fuel,” Sutton said, pointing to growing demand from airlines and energy companies.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Syntholene Energy, visit: https://www.syntholene.com/01:02 - Aviation Fuel Crisis and No Alternatives02:08 - Why Biofuels Failed to Scale03:32 - Geothermal Synthetic Fuel Explained04:35 - Iceland Project and Geothermal Integration06:32 - Drop-In Synthetic Kerosene for Aviation09:05 - Offtake Agreements and Fuel Demand Growth10:40 - Investor Case and 2026 Timeline12:16 - Execution Risks and Project Delivery13:41 - Geopolitics and Energy Security Risks__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  3. 244

    Gold Chain Resource Nears as 20,000m Drill Program Advances | Derek Macpherson

    West Point Gold (TSXV: WPG) is advancing its Gold Chain project in Arizona’s Walker Lane Trend toward a maiden resource at the Tyro main zone, targeted for late Q3 to early Q4 2026. President and CEO Derek Macpherson said the company has drilled nearly 25,000 meters to date and is completing a 20,000-meter program focused on resource definition and new discoveries.The exploration target outlines 1–3 Moz grading 2–3 g/t gold over roughly one kilometer of strike. “We're on track to deliver a maiden resource at the Tyro main zone,” Macpherson said, noting the system is expected to remain open along strike and at depth. Drilling has also delivered two new discoveries this year at Black Dyke and Sheep Trail, with about 8,000 meters of additional assays expected and results released every two to three weeks through mid-July.The company completed a January 2026 financing ahead of a weaker market and expects to finish the current program with about $25 million. “We're not out chasing it right now,” he said.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about West Point Gold, visit: https://westpointgold.com/Recorded on April 27, 2026.00:32 - West Point Gold Strategy and Value Creation02:14 - Defining Success and Exploration Milestones04:26 - Arizona Advantage and Water Rights at Gold Chain05:39 - Structural Complexity and Drill Targeting Strategy07:25 - 20,000 Meter Drill Program and Discovery Focus09:07 - Maiden Resource Target and Walker Lane Comparisons12:15 - Open Pit Potential and Resource Timeline14:11 - Post-Resource Drilling and Expansion Strategy17:58 - Treasury, Warrants, and Financing Strategy21:08 - 2026 Catalysts, Drill Results, and Outlook__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  4. 243

    Why PMET Could Be One of North America’s Biggest Lithium Re-Rating Stories

    A major permitting milestone, a strategic partner in Volkswagen, and a possible valuation re-rating. PMET Resources CEO Ken Brinsden joins Kitco Mining to break down the company’s newly filed ESIA for the Shaakichiuwaanaan project in Quebec, the path toward mine authorization, and why investors are paying closer attention to the story.Jeremy Szafron and Brinsden discuss the 2025 feasibility study, lithium price sensitivity, the potential impact of tantalum and caesium by-products, cost pressures, financing, and the key milestones that could shape how the market values PMET from here.This video is sponsored by PMET Resources.00:00 The PMET Re-Rating Case00:20 ESIA Filing Explained02:24 What Happens Next in Permitting03:54 How Higher Lithium Prices Change the Math05:45 Why Volkswagen’s Stake Matters07:20 Tantalum and Cesium Upside09:23 The Advantage of Simple Processing11:17 Managing Costs and Inflation13:03 Why Bigger Can Be Better15:43 What Investors Should Watch Next17:28 Wrap-Up and Subscribe#lithium #mining #miningstocks #investing #stocks #criticalminerals #quebec #kitcomining__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  5. 242

    Arizona Eagle breathing new life in past-producing McCabe mine

    Arizona Eagle Mining is advancing a high-grade gold exploration strategy in Arizona, anchored by the historic McCabe mine, as it prepares to list on the TSX Venture Exchange under the ticker AZEM. The company recently completed a reverse takeover with Core Nickel, gaining a public listing and additional critical mineral assets, but its primary focus remains firmly on gold in Arizona.The McCabe project offers a strong starting point, with a historical resource of roughly 880,000 ounces of gold at high grades, alongside significant silver credits. While not NI 43-101 compliant, the deposit benefits from extensive past production, underground development, and historical data compiled from previous operators, giving the company confidence as it moves to validate and expand the resource. Arizona Eagle has launched a 5,000-meter drill program aimed initially at confirming the historical resource, with plans to step out and test extensions along strike and at depth. The company controls a significantly expanded land package of nearly 5,000 acres, including multiple parallel and perpendicular structures that could support a much larger mineralized system. Management sees potential for a multi-million-ounce gold deposit, driven by high grades, district-scale geology, and the opportunity to capture additional ounces using lower cutoff grades in today’s higher gold price environment. Success will hinge on demonstrating that mineralization remains open in all directions and can be meaningfully expanded through drilling.To learn more about Arizona Eagle Mining, visit: www.arizonaeaglemining.com/00:00 - Introduction02:30 - Dual-asset strategy: Arizona gold focus and Manitoba nickel optionality05:45 - Acquisition of the McCabe mine and land consolidation strategy07:30 - Expansion to a 5,000-acre district-scale land package08:30 - Advantages of private land and permitting in Arizona09:15 - Existing infrastructure and underground development at McCabe10:30 - Historical production, feasibility work, and remaining resource potential15:00 - District-scale potential across multiple structures16:00 - Current 5,000-meter drill program and initial objectives18:00 - Strategy: confirm historical resource vs. step-out expansion drilling20:00 - Potential to increase ounces by lowering cutoff grade22:00 - Exploration upside: multi-million-ounce potential framework26:30 - Future financing strategy and potential for additional drill rigs28:00 - Manitoba nickel assets and longer-term development outlook__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflectthose of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  6. 241

    Cabral Gold gets Full Mining License at Cuiú Cuiú, Continues Exploration through Construction Phase

    Cabral Gold (TSXV: CBR) CEO Alan Carter says the company has achieved a major milestone with the granting of the Licença Prévia (“LP”) for the Full Mining License at Cuiú Cuiú Gold District, in the state of Pará, Brazil. “The trial mining licenses actually have a limit, so we can only mine about half a million tons a year, or about 1,500 tons a day,” he explained. “With the full mining license, there is no limit, so we can expand this to the full design capacity of 3,000 tons a day and way beyond that.”“I think there's a good chance we will expand this once we get it up and running in about six months’ time.”Carter said the company has approximately CAD$40 million in cash, and while they’re spending on the mine construction, they’re continuing to move forward with further exploration as well. “We're building a mine, but we still have our foot on the accelerator in terms of the exploration program,” he said. “We've basically split our workforce in two, so we've got adedicated construction team and a dedicated exploration team, and the exploration team is going full-tilt all the way through the construction, and are producing some excellent results.”Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Cabral Gold, visit: https://cabralgold.com/00:00 - Introduction00:19 - Impact of the Full Mining License04:23 - Advancement of Phase One06:14 - Risk Management of Civil Works07:32 - Critical Path to Commercial Production08:57 - Advancement of Phase Two12:01 - Financial Impacts of Iran Conflict on Development14:03 - Logistical Impacts of Iran Conflict on Development15:31 - Latest Drill Results19:17 - Prioritizing and Targeting Exploration 21:40 - Current Financial Position of the Company__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram -   / kitcomining  LinkedIn -   / kitco-mining  Facebook -   / kitcomining  Connect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  7. 240

    Gold, Silver, and Gallium Found in Ontario Tailings | Darren Hazelwood

    Panther Metals (LSE: PALM) is advancing the Winston tailings project in Ontario, where historic zinc-focused processing left behind potential value in precious and critical metals. The Winston mine operated from 1988 to 1999 and was once considered one of the highest-grade zinc operations in North America, but gold and silver were largely overlooked when prices were far lower.Speaking with Kitco Mining at PDAC 2026, CEO Darren Hazelwood said early sampling from the polymetallic tailings has already confirmed encouraging grades. “We ended up with grades of up to 0.82 grams a ton gold, over 13 grams a ton silver,” Hazelwood said. The samples came from the upper layer of a tailings pond that extends more than 18 meters deep in places and also contains gallium and indium.Panther is now carrying out additional work aimed at delivering a maiden mineral resource estimate in the coming months. “The catalyst for us is definitely going to be the MRE on Winston,” Hazelwood said.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Panther Metals, visit: https://panthermetals.com/00:38 - Winston Tailings Project Backstory and Historic Zinc Mine02:33 - Tailings Sampling Results and Winston MRE Plan04:06 - CEO Background and Mining Market Cycles06:27 - Why Panther Listed on the LSE Main Market07:39 - Canada Dual Listing Plans and Obonga Greenstone Belt09:54 - Winston Resource Potential and Extract Technology11:45 - 2026 Catalysts and Winston Work Program12:53 - Path to Production and Existing Infrastructure14:05 - Offtake Interest and Funding with Traxys__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  8. 239

    122Moz Silver Resource Anchors Aftermath’s Berenguela Project | Mike Williams

    Aftermath Silver (TSXV: AAG) is advancing its Berenguela silver-copper-manganese project in Puno, Peru, where Founder and Executive Chairman Mike Williams says the deposit has grown into one of the larger undeveloped silver resources in the sector. Speaking with Kitco Mining at PDAC 2026, Williams said the project hosts “122 million ounces of silver measured and indicated” with “a further 20 million in inferred,” alongside about 870 million lb. of copper and roughly 3 million tons of manganese.Williams said the company is preparing a pre-feasibility study expected later this year or in Q1 2027 and is targeting early silver output from the open-pit project. “Our goal is to end up between producing four to 5 million ounces of silver annually,” he said. Copper and manganese could provide byproduct credits that lower silver costs, while metallurgical work is advancing to produce high-purity manganese suitable for EV batteries. The company also plans drilling this year to follow up on a high-grade copper zone and expand silver mineralization across the deposit.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Aftermath Silver, visit: https://aftermathsilver.com/00:27 - Why Aftermath Silver Acquired the Berenguela Project01:09 - Manganese Breakthrough and Hydrometallurgy Processing03:02 - Berenguela Resource Growth and 122Moz Silver Resource04:21 - Battery-Grade Manganese Potential for EV Supply Chain06:55 - PFS Strategy and 4–5Moz Annual Silver Production Target08:05 - Silver Price Assumptions and Project Stress Testing09:39 - Silver Leverage, Market Cap Sensitivity, and Infrastructure11:42 - Copper Exploration Upside and High-Grade Drill Results13:16 - Peru Politics, Mining Permits and Community Relations19:36 - Water Management and Ore Processing Strategy21:32 - 2026 Catalysts: Drilling, Metallurgy, and PFS Timeline__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  9. 238

    How Prospector Is Targeting the Next Yukon Gold Discovery | Rob Carpenter

    Prospector Metals (TSXV: PPP; OTCQB: PMCOF) is ramping up exploration at its ML project near Dawson City, Yukon, following a 2025 discovery and new strategic backing from gold producer B2Gold. Speaking with Kitco Mining at PDAC 2026, President & CEO Rob Carpenter said the company plans to increase drilling from about 6,000 meters completed in 2025 to more than 25,000 meters in 2026. The discovery campaign included a high-grade intercept at the TESS zone, where drilling returned 44 meters grading 13.79 g/t gold with copper and silver credits.Carpenter said the goal this year is to grow the discovery and test the broader district-scale potential of the system. “Our objective is to expand that new discovery from last year, as well as show that the potential for this area to host district-scale or multiple deposits,” he said. Carpenter also pointed to a shift in exploration capital toward stable jurisdictions, noting that “Exploration dollars are coming home to Canada.”Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Prospector Metals, visit: https://prospectormetalscorp.com/00:21 - Prospector Metals Overview and $45M Treasury00:53 - B2Gold Strategic Backing and 2026 Drill Expansion01:32 - Lessons From the Kaminak Coffee Discovery02:40 - Why Yukon Still Delivers New Gold Discoveries03:50 - Capital Flow Returning to Canada and Yukon Sentiment04:36 - PDAC Core Shack and the High-Grade Discovery Story05:55 - What Gets Investors Back Into Junior Explorers07:20 - Financing Checkmarks Investors Look For10:12 - Greenfield Discovery Roadmap Toward a Resource12:30 - Where the Real Money Is Made in Exploration14:25 - How New Gold Discoveries Actually Start__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  10. 237

    OceanaGold Targets 12% Production Growth in 2026 | Gerard Bond

    OceanaGold (TSX: OGC) is targeting higher production and larger shareholder returns after delivering record revenue, EBITDA, net profit and free cash flow in 2025. Speaking with Kitco Mining at PDAC 2026 in Toronto, President & CEO Gerard Bond said strong operational discipline allowed the company to capture rising gold prices. “We were able to convert a lot of those higher gold prices to the bottom line, delivering those records.”Production is expected to increase about 12% in 2026, driven primarily by the Haile mine in South Carolina after a waste removal program completed in 2025 unlocked higher-grade ore. “Haile is the primary driver of our growth in 2026,” Bond said, adding the operation is expected to produce 35% more gold at 25% lower all-in sustaining costs.OceanaGold finished 2025 with no long-term debt and $477 million in cash. The company plans to invest about $280 million in growth capital in 2026, including $150 million to advance the Waihi North project in New Zealand, which Bond described as the company’s most significant near-term growth project. Bond also said OceanaGold will list on the New York Stock Exchange on April 7, 2026, to expand its investor base and improve liquidity.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about OceanaGold, visit: https://oceanagold.com/00:21 - Record 2025 Results And Financial Highlights01:14 - 2026 Production Growth Led By Haile Mine02:05 - Why OceanaGold Is Listing On The NYSE04:13 - Debt-Free Balance Sheet And Cash Position04:43 - Waihi North Growth Project And Exploration Plans06:36 - Dividends, Buybacks And Shareholder Returns09:20 - Gold Price Impact On Reserves And Mine Life11:49 - Global Mining Footprint And Operating Costs14:13 - Capital Discipline And Gold Sector M&AHeadlines:__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  11. 236

    Gran Pilar Gold Project Moves Toward Pilot Production | Brodie Sutherland

    Tocvan Ventures (CSE: TOC) is advancing its Gran Pilar gold-silver project in Sonora, Mexico, with a strategy that combines exploration drilling with a permitted pilot mining operation aimed at demonstrating heap leach production potential. Speaking with Kitco Mining at PDAC 2026, CEO Brodie Sutherland said the company spent three years consolidating the land package around a discovery first drilled by the Lundin Group in 1996. “We negotiated a deal to expand that property to 22 square kilometers,” Sutherland said, noting the company can now drill across the entire project area.Tocvan has drilled close to 18,000 meters at Gran Pilar over the past five years and plans a minimum 20,000 meters in 2026 while advancing a pilot facility permitted to process an initial 50,000 tons of material. The company completed a 1,500-ton bulk sample in 2023, grading 1.9 g/t gold, and continues metallurgical work ahead of pilot operations planned later this year. “We’re getting over 95% recovery of gold,” Sutherland said, referring to lab-scale tests supporting the heap leach concept.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Tocvan Ventures, visit: https://tocvan.com/00:19 - Gran Pilar Project Origins and Lundin Discovery03:16 - Why Tocvan Is Advancing a Pilot Mine04:11 - Pilot Mine Permit and 50,000 Ton Processing Plan06:52 - Maiden Resource Goal at Gran Pilar07:34 - Growth Strategy for Small Producers in Sonora09:07 - Lessons from Other Sonora Gold Producers12:27 - Warrants, Share Structure, and Cash Runway14:00 - 2026 Catalysts and Path Toward a PEA__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  12. 235

    U.S. GoldMining Advances Strategic Alaska Asset | Tim Smith

    U.S. GoldMining Inc. (NASDAQ: USGO) has released a preliminary economic assessment for its Whistler project in Alaska, outlining average production of approximately 250,000 gold equivalent ounces per year over a 15-year mine life, including roughly 345,000 gold equivalent ounces annually in the first three years. Speaking with Kitco Mining at PDAC 2026, CEO Tim Smith said the study returned a 33% after-tax internal rate of return using base case assumptions of $3,200 gold and $4.50 copper.Whistler contains more than 1 billion pounds of copper and nearly 20 million ounces of silver, with roughly 75% of project value derived from gold. “We are on state of Alaska mining claims, so we're just dealing with a single regulator,” Smith said, citing permitting advantages. Metallurgical testing achieved 89% gold recoveries, and higher-grade mineralization comes to surface, supporting stronger early production. At higher pricing assumptions, Smith said, “We go from 33 to 62%, after tax,” as the company advances toward pre-feasibility and prepares for additional district-scale drilling in 2026.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/00:54 - Critical Minerals Tailwinds03:06 - Alaska Permitting Advantage04:12 - District Scale Exploration Upside06:36 - 2026 Drilling Game Plan07:32 - Whistler PEA Key Drivers09:46 - Metal Price Sensitivity10:53 - Access Road and Infrastructure13:40 - Next Six Months Inflection__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  13. 234

    Trilogy Metals Advances 5.6% CuEq Arctic Copper Project in Alaska | Tony Giardini

    Trilogy Metals (NYSE American: TMQ; TSX: TMQ) CEO Tony Giardini joins Kitco Mining’s Investment Trends at PDAC 2026 to discuss renewed momentum around the Arctic copper project in Alaska’s Ambler mining district following recent permitting developments and growing U.S. government support for domestic critical minerals. The Arctic deposit hosts about 50 million tonnes grading roughly 5.6% copper equivalent, a high-grade volcanic massive sulfide system containing copper, zinc, silver, gold, and lead. “Right now it’s about, on a copper equivalent basis, it’s 5.6% copper equivalent,” Giardini said.Giardini said recent policy developments could help unlock the long-delayed Ambler Access Road, which is critical to developing the district. Trilogy expects to begin the mine permitting process within the next couple of months while preparing a 2026 field program targeting 5,000 to 8,000 meters of drilling. The company is also advancing a definitive feasibility study at the asset level and expects to close a $35.6 million U.S. government investment for a 10% stake announced in October 2025. “We’ve got these two great deposits, Arctic and Bornite, which really set us apart from other development projects in the state of Alaska,” he said.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Trilogy Metals, visit: https://trilogymetals.com/00:29 - Arctic Copper Deposit Overview and 5.6% CuEq Grade02:48 - South32 Joint Venture and Ambler Metals Partnership06:33 - Recent Breakthrough on Ambler Access Road08:30 - 2026 Field Season Plans and Next Project Steps12:16 - $35.6M U.S. Government Investment in Trilogy15:14 - Major Shareholders and Ownership Structure19:09 - Financing Options and Precious Metals Streaming21:11 - 2026 Catalysts and Project Outlook__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  14. 233

    O’Brien Gold Project Growing as 140,000m Drilling Advances | Matt Manson

    Radisson Mining (TSXV: RDS; OTCQB: RMRDF) CEO Matt Manson joins Kitco Mining at PDAC 2026 to discuss the company’s expanding O’Brien gold project in Quebec’s Abitibi region following a March 2, 2026 updated mineral resource estimate. The new estimate outlines about 1.69 million oz. inferred, up 82% from the previous estimate, and 0.63 million oz. indicated, bringing total contained gold to about 2.3 million oz. as Radisson advances its fully funded 140,000-meter step-out drill program. Manson said the system continues to grow, noting, “We think the ultimate target here is something that’s in the three to 4 million ounce range.”The company is still early in the exploration campaign, with only about 25% of the drill program completed as it tests mineralization along the Cadillac-Larder Lake Break in Quebec’s Abitibi belt. Manson also argued that improving gold prices and strong producer balance sheets could drive more investment into the sector. “The junior sector is still seriously undervalued,” he said.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Radisson Mining, visit: https://radissonmining.com/00:36 - O’Brien Gold Project Overview (Abitibi, Québec)01:16 - March 2026 Resource Update Highlights01:57 - 140,000m Drill Program Roadmap02:15 - PDAC Financing Sentiment for Juniors03:58 - Why Gold Still Has Strong Fundamentals05:25 - Why Junior Gold Stocks Are Undervalued06:55 - M&A Wave Expected in Gold Sector08:53 - What Makes Radisson’s O’Brien Project Stand Out09:34 - Toll Milling Strategy and Infrastructure Advantage11:51 - Permitting Environment in Québec14:48 - Path to Building the O’Brien Gold Mine18:21 - Key Challenges Facing the Mining Sector__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  15. 232

    Kootenay Targets 100Moz Silver at Columba Project | Jim McDonald

    Kootenay Silver (TSXV: KTN) is expanding drilling at its Columba silver project in Chihuahua, Mexico, where the company is running a 60,000-meter program aimed at growing the 54.1 Moz inferred silver resource announced in June 2025. Speaking with Kitco Mining at PDAC 2026 in Toronto, President and CEO Jim McDonald said the program is focused on systematic 100-meter step-outs along wide, open-ended veins to define the limits of the known mineralized zones. “Our expectation is to be able to get this to a hundred million or maybe some multiple of that,” McDonald said.Recent drilling results reported March 2, 2026 returned intercepts including 10 meters grading 503 g/t silver plus lead and zinc, as well as 9.88 meters grading 319 g/t silver, highlighting the scale potential of the system. McDonald said Kootenay is also advancing its La Cigarra silver project, where a preliminary economic assessment expected in mid to late Q2 2026 could mark a shift in strategy. “Assuming that we get a positive result in that PEA, we want to now be transitioning ourselves into an explorer developer as opposed to an explorer only,” he said.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Kootenay Silver, visit: https://kootenaysilver.com/00:24 - Columba 60,000m Drill Program01:57 - Targeting 100Moz Silver at Columba03:18 - Path Toward a Columba PEA04:01 - La Cigarra PEA Timeline05:54 - Silver Price Assumptions for PEA07:16 - Treasury Position and Warrants07:43 - Expanding Drill Programs and Spending10:01 - Shareholder Marketing Strategy11:59 - Mexico Security and Operating Risk13:52 - Key Catalysts for 2026__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  16. 231

    Dolly Varden Deal Adds Gold Cash Flow to Silver Strategy

    Dolly Varden Silver (TSXV: DV) is advancing its high-grade Kitsault Valley project in British Columbia’s Golden Triangle while preparing for a transformative merger with Contango Ore. Speaking with Kitco Mining at PDAC 2026, President and CEO Shawn Khunkhun said the transaction brings gold production and development expertise into Dolly Varden’s growing silver district.Over the past six years, the company has raised $185 million, consolidated multiple past-producing mines across a 100,000-hectare land package, and drilled about 200,000 meters. The project currently hosts 64 Moz of silver at roughly 300 g/t along with about 1 Moz of high-grade gold, with a new resource estimate expected in May 2026. “We’ve got 64 million ounces of silver at roughly 300 grams per ton, complemented by a million ounces of high-grade gold,” Khunkhun said. Recent drilling has also returned 1,400 g/t silver over 20 meters at the Wolf vein, highlighting the district’s high-grade potential.Khunkhun said the merger strengthens the company’s path toward development. “Dolly Varden, through this merger, is buying gold production cash flow,” he said.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Dolly Varden Silver, visit: https://dollyvardensilver.com/00:50 - Dolly Varden Origin Story and Kitsault Valley Project01:14 - Building Resources, Capital, and District Scale Land Package02:22 - High Grade Drill Results and 2026 Drill Program03:52 - Hecla Deal and Golden Triangle Land Consolidation04:52 - Why Dolly Varden Is Merging With Contango Ore07:33 - Investor Support and Shareholder Vote Process08:27 - Transaction Timeline and Contango Silver & Gold Rebrand09:40 - Direct Shipping Ore (DSO) Model and Production Pipeline11:49 - Production Timeline Toward 2030s Output12:20 - Year-Round Exploration Strategy After the Merger13:24 - 2026 Catalysts: Drilling, Permitting, and Growth Plans__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  17. 230

    France Gold Project Shows “Many Millions of Ounces” Potential | Chris Taylor

    Aquitaine Metals CEO Chris Taylor joins Kitco Mining’s Investment Trends at PDAC 2026 to discuss the Limousin gold project in Nouvelle-Aquitaine, France, which he says has the potential to support “many millions of ounces.”Taylor, who previously led Great Bear Resources through its almost $2 billion sale to Kinross, said the project “stood head and shoulders above everything else I looked at” after reviewing more than 100 opportunities. The 330 sq km land package includes more than 1,000 historical mining sites, with modern production between the late 1980s and 2002 totaling about 1 Moz at roughly half an ounce per ton. Recent drilling returned 1.5 m of about 350 g/t gold within a broader zone grading roughly 34 g/t over 15.5 m.The company is completing a 10,000 m drill program and plans another 10,000 m in 2026. Aquitaine plans to take the gold asset public later this year and holds about $15 million in cash in Canadian dollars to fund drilling through 2026.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Aquitaine Metals, visit: https://mailchi.mp/10589893cddb/aquitainemetals00:25 - Chris Taylor Background01:17 - Why Aquitaine Metals02:00 - Limousin Project History03:32 - Data and Early Hits04:44 - Phase One Drilling Plan05:18 - Phase Two Priorities07:44 - AI Guided Targeting09:32 - Why Mine in France11:25 - EU Critical Metals Push13:46 - Funding and Going Public__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  18. 229

    Alamos Targets 600K oz Production in 2026 as Expansion Advances

    Alamos Gold Inc. (TSX: AGI; NYSE: AGI) is targeting 600,000 oz of production in 2026 after weather and mill challenges weighed on output in late 2025, even as the company generated record free cash flow last year. Speaking with Kitco Mining at PDAC 2026 in Toronto, President and CEO John McCluskey said 2025 all-in sustaining costs averaged $1,524 per oz, with margins approaching 60% at prevailing gold prices. Fourth-quarter results were affected by issues at the Magino mill and what he described as “one of the worst Canadian winters we've probably seen in 40 years.”“We're absolutely back on track, and we're looking towards 600,000 ounces of production in, in 2026,” McCluskey said. In February 2026, Alamos announced an integration plan combining Island Gold and Magino, targeting roughly 540,000 oz annually at about a $1,250 AISC. Combined reserves now total about 8Moz, supporting long-term production as the company works toward 1Moz annually by 2030. Exploration spending is also rising. “Last year, we spent $72 million on expiration. This year we're going to spend close to a hundred million dollars in expiration.”McCluskey also discusses:• Record 2025 free cash flow and capital discipline• Island Gold–Magino integration and cost reductions• $900M Lynn Lake development in Manitoba• Dividend increase and shareholder returns• Capital discipline across gold sector M&ADon’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/00:20 - 2025 Results, Record Free Cash Flow and Production Dip00:41 - Canadian Winter Challenges and 2026 Production Outlook01:49 - Island Gold Expansion and Shaft Development Plan04:10 - Island–Magino Integration Strategy and Synergies05:24 - Reserves Growth to 8Moz and Long Mine Life06:22 - Alamos Capital Allocation Strategy Explained10:10 - Exploration Spending Rising to $100M11:29 - Dividends, Share Buybacks and Shareholder Returns13:23 - CEO Turnover Across the Mining Sector15:30 - Talent Shortage and M&A Drivers in Mining16:53 - Capital Discipline in Gold Sector M&A20:11 - Alamos Path to 1Moz Production and Deal Outlook__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchoDisclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  19. 228

    Saudi Arabia Doubles Exploration, Opens 13,000 km² | Abdulrahman Al-Belushi

    Saudi Arabia has doubled exploration spending year over year, reaching SAR 1.05 billion in 2024, as the Kingdom pushes to expand grassroots discovery while global budgets remain under pressure. Speaking with Kitco Mining at PDAC 2026 in Toronto, Abdulrahman Al-Belushi, Deputy Minister of Mineral Resources Management at Saudi Arabia’s Ministry of Industry and Mineral Resources, outlined how mining is being positioned as a pillar of industrial strategy.“We look at the mining sector as an economic play rather than a fiscal play,” Al-Belushi said, citing supply chain priorities across gold, copper, rare earths, zinc, and phosphate. Saudi Arabia has about 78,000 km² under exploration license and plans to tender 13,000 km² in 2026 under a merit-based system.Al-Belushi also discusses:• 60% of exploration spending going to grassroots work• Up to $2 million reimbursable support per license, up to 15 licenses• 15% performance bonds to back work commitments• Saudi Arabia’s top 10 global ranking in Fraser Institute’s 2025 surveyDon’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/00:32 - Saudi Mining Vision and Industrial Strategy01:36 - Arabian Shield Geology and Deposit Types04:05 - Gold, Copper, Rare Earths, and Phosphate Priorities06:28 - Exploration Spending Doubles to SAR 1B07:54 - $2M Exploration Enablement Program Explained09:40 - 13,000 km² Tender Round and 2026 Pipeline12:14 - 100% Foreign Ownership and Entry Model13:59 - Partner Strategy and Lessons From Oil Sector15:43 - Saudi Arabia’s Processing Hub Ambitions__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  20. 227

    Silver47 Advances 168Moz Silver Resource at Alaska Red Mountain | Giordy Belfiore

    Silver47 Exploration (TSXV: AGA) is advancing a portfolio of high-grade silver projects in the United States, led by the Red Mountain deposit in Alaska, which hosts a 168 Moz silver-equivalent resource grading 336 g/t. Speaking with Kitco Mining at PDAC 2026 in Toronto on March 2, VP of Investor Relations Giordy Belfiore said the company is focused on building a high-grade U.S. silver portfolio across projects in Alaska, Nevada and New Mexico. “It has 168 million ounce silver equivalent resource at 336 grams per ton,” Belfiore said of Red Mountain.Silver47 plans 15,000 to 20,000 meters of drilling at Red Mountain beginning in early June, using four rigs to expand the resource and test new targets. Belfiore also said the company is starting about 7,000 meters of drilling at its Hughes project in Nevada, with exploration results expected through the year.“Today, we get 30 cents to 40 cents depending on the day,” Belfiore said, referring to the company’s enterprise value per ounce compared with higher valuations among peer silver explorers. Silver47 currently has about $55 million in working capital to fund exploration across its three U.S. projects.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Silver47 Exploration, visit: https://silver47.ca/00:28 - Silver47 Project Portfolio Overview01:27 - Company History and Summa Silver Merger02:01 - Red Mountain Drill Program Plans02:57 - Alaska Access and Polymetallic Metallurgy04:26 - Critical Minerals and Alaska Permitting Advantage05:25 - Growth Strategy Through Drilling and M&A06:10 - Funding Position and Investor Base08:33 - Valuation Gap and Rerating Strategy09:50 - Red Mountain Resource Update and PEA Path10:30 - Long-Term Business Plan for Project Development11:32 - 2026 Catalysts and Hughes Tailings Opportunity__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  21. 226

    Guanajuato Silver Moves to Fill 1,600 tpd Bolañitos Mill | Anderson

    Guanajuato Silver (TSXV: GSVR) is expanding production in Mexico’s historic Guanajuato mining district after completing the $50 million acquisition of the Bolañitos gold-silver mine and 1,600 tpd processing plant from Endeavour Silver, which closed Jan. 15, 2026. Speaking with Kitco Mining at PDAC 2026 in Toronto, CEO James Anderson said the purchase creates immediate operational synergies with the company’s nearby San Ignacio mine.“Our San Ignacio mine is immediately adjacent to Bolañitos,” Anderson said. “These mines are the same structures, the same vein systems that run through our claims.”The company has already begun processing San Ignacio material at the Bolañitos plant, reducing haulage distances from about 30 km to roughly 2 km and improving operating efficiency as Guanajuato works toward filling the plant’s 1,600 tonne-per-day capacity. Anderson said the company has acquired and restarted five silver and gold mines over the past five years as it continues consolidating the 450-year-old Guanajuato mining district.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Guanajuato Silver, visit: https://www.gsilver.com/00:22 - Guanajuato Silver Origin Story and District Strategy01:08 - Bolañitos Acquisition and San Ignacio Synergies03:46 - Bolañitos Integration and Operating Cost Impacts05:22 - Consolidating the Guanajuato Mining District06:58 - Fill-the-Mill Strategy and Plant Capacity07:50 - Pinguico Mine Restart Plan08:44 - Silver Price Leverage and Profitability Outlook10:37 - Balance Sheet, Treasury, and Credit Facility11:43 - Stock Performance, Warrants, and Share Overhang13:27 - Security Risks for Mining in Mexico14:29 - 2026 Growth Catalysts and Strategy__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  22. 225

    Argentina’s 350Moz Silver Project Eyes 2026 Build | John Miniotis

    AbraSilver Resource Corp. (TSX: ABRA; OTCQX: ABBRF) CEO John Miniotis was named Kitco Mining’s Exploration CEO of the Year at PDAC 2026, as the company advances its Diablillos silver-gold project in Argentina toward a final investment decision in 2026. Speaking with Kitco Mining at PDAC 2026, Miniotis said the project hosts approximately 350 million oz of silver equivalent resources, with measured and indicated resources up 170% since 2020. Shares are up roughly 460% year over year, giving the company a market capitalization of about $2.8 billion.“This will be not only one of the largest primary silver producers in the world,” Miniotis said, citing projected production of more than 13 million oz of silver equivalent annually, including over 7 million oz of silver and about 75,000 oz of gold, at all-in sustaining costs under $13 per oz of silver. He said Argentina’s RIGI framework is “really an absolute game changer,” providing 30-year fiscal stability, a reduced 25% tax rate and removal of export duties. With environmental approvals expected in the coming weeks and a definitive feasibility study targeted for Q2 2026, Miniotis added, “for every 10% move in the gold and silver price, the economics of the project improved by over 30%,” using resource assumptions below $25 per oz silver.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/00:44 - Diablillos Project Overview and 350Moz Resource01:54 - Low-Cost Silver Producer and Cost Curve Position03:52 - Feasibility Study Timeline and Phase 6 Drilling05:41 - Silver Price Assumptions and 30% Leverage Sensitivity07:08 - Argentina RIGI Fiscal Stability Framework09:02 - Project Financing and Reduced Cost of Capital12:23 - M&A Strategy: Build, Partner or Sell?15:04 - 2026 Catalysts and Exploration CEO of the Year Award__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  23. 224

    Tiernan Gold Advances 11 Moz Volcan Toward 2027 PFS | Chris Taylor

    Tiernan Gold (TSXV: TNGD) Director Chris Taylor joins Kitco Mining at PDAC 2026 to discuss advancing the Volcan gold project in Chile’s Maricunga district, which hosts 9.8 Moz measured and indicated and total resources of about 11 Moz.“It’s an 11 million ounce deposit, basically,” Taylor said. “The thing is huge.” The large-scale oxide heap leach project has not seen exploration in more than a decade and sits in a district experiencing renewed development activity.Under a $3,600 gold scenario, Taylor estimates the current mine design could generate an after-tax NPV of about $3.6 billion and an IRR of roughly 47%. He noted the most recent PEA used much lower gold price assumptions and “it really basically bears no resemblance to what the project could be under a sort of modern gold price regime.”Tiernan, which is just over 60% owned by Hochschild Mining, raised $58 million Canadian in November to advance the project toward a pre-feasibility study targeted for 2027. Taylor said the project is “it’s probably a top quartile in terms of all in sustaining costs,” while also pointing to exploration upside beyond the existing 11 Moz resource.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Tiernan Gold, visit: https://tiernangold.com00:36 - Chris Taylor Background01:19 - Volcan Project Overview02:21 - PEA Economics Snapshot03:15 - District Momentum03:43 - Water Rights and Solutions05:29 - Financing and PFS Plan06:31 - Key PFS Challenges08:15 - Exploration Upside Potential09:37 - Chile Politics Tailwinds__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  24. 223

    Silver’s Growing Role at Thesis Gold & Silver Project | Ewan Webster

    Thesis Gold & Silver (TSXV: TAU) is advancing its Lawyers-Ranch project in British Columbia’s Toodoggone mining district toward a feasibility study targeted for 2027. Speaking with Kitco Mining at PDAC 2026, CEO Ewan Webster said the company recently added “Silver” to its name after a December 2025 pre-feasibility study showed the metal represents a significant part of project economics.The study outlined average production of about 187,000 oz of gold equivalent per year, including roughly 3.5 Moz of silver annually, with silver contributing about 23% of project revenue. Webster said the silver component could provide flexibility in future project financing and highlighted a 20,000 meter drill program planned for 2026, including follow-up work at the Steve discovery. The company also recently closed a C$44 million strategic investment on Feb. 26, 2026, with participation from AngloGold Ashanti and Centerra Gold.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Thesis Gold & Silver, visit: https://thesisgold.com/00:31 - Why Thesis Added Silver to Its Name01:31 - Silver Price Upside and Gold-Silver Ratio03:26 - Feasibility Study Roadmap to 202704:07 - AngloGold Ashanti Strategic Investment06:25 - Budget and C$75M Cash Position08:53 - 2026 Drilling Plans and Data for Feasibility Study10:52 - Permitting Progress and EA Timeline13:19 - Valuation Gap vs Peers and Investor Outreach__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  25. 222

    Omai Advances 10Moz Project as Gold Strengthens | Elaine Ellingham

    Omai Gold Mines (TSX-V: OMG; OTCQB: OMGGF) is advancing a 10Moz+ gold system in Guyana toward a materially larger development plan, with a new preliminary economic assessment expected within two months. Speaking with Kitco Mining at PDAC 2026, CEO & Executive Chair Elaine Ellingham outlined how continued drilling since the August 2025 resource update is positioning the project for expanded production and long-term scale. Omai’s shares are up over 800% in the past two years as the company transitions from exploration to development.“Where there's gold, there's more gold,” Ellingham said, referencing wide intercepts of 45 to 60 meters grading three to four grams per tonne that helped drive a roughly 50% resource increase last year. The project now hosts about 6.5Moz in indicated and inferred resources, alongside 3.8Moz historically produced. A new PEA is expected to outline potential production of 250,000 to 300,000 ounces per year over an 18 to 20-year mine life, compared to 142,000 ounces annually in the 2024 study. Ellingham said the open pit alone likely works at an $1,800 gold price, with underground development planned to follow initial production as drilling advances toward feasibility.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible. To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/00:24 - Omai Turnaround and 800% Share Surge01:07 - Omai Gold Project and 10Moz Endowment01:40 - Drilling Results and August 2025 Resource Update03:06 - Gold Price Sensitivity and $1,800 Economics03:53 - Open Pit and Underground Development Plan04:45 - New PEA Targeting 250–300koz Per Year06:54 - Guyana Infrastructure, Oil Boom and Costs10:09 - PEA Timeline and Path to Feasibility__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  26. 221

    Copper Consolidation and a Junior Bull Market Signal | David Erfle

    David Erfle, Founder and Editor of JuniorMinerJunky.com, joins Kitco Mining’s Digging Deep with Paul Harris at PDAC 2026 in Toronto to break down why gold miners can lag even when bullion is strong, and what this week’s deal flow says about risk appetite in the junior space. “These miners have had such incredible moves, and they’re extremely overbought,” Erfle says, while arguing there is still “a lot of money on the sidelines waiting to get in.”The conversation digs into the biggest PDAC-week transactions, including Hudbay’s all-share deal for Arizona Sonoran announced March 2, 2026, and what it signals for U.S. copper cathode strategy. Erfle also discusses Discovery Silver’s agreement to acquire Glencore’s Kidd Operations in Timmins, and why processing and tailings capacity can be as valuable as ounces in the ground.Other highlights include Franco-Nevada’s pending $52.2 million purchase of a pre-existing NSR royalty covering the core of Banyan Gold’s AurMac project, and what it implies for Yukon validation. The interview also touches on Highlander Silver’s Bear Creek transaction, which closed in late February, and how silver M&A is evolving as the cycle turns.Don’t forget to subscribe to the Kitco Mining YouTube channel to stay up to date on the latest Digging Deep interviews and industry insights.Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/00:18 - PDAC “Curse” as Miners Slide Despite Strong Metals01:40 - Hudbay Acquires Arizona Sonoran in $1.5B Copper Deal03:05 - Cactus-Copper World Synergies and Rival Bid Speculation04:42 - Discovery Silver Buys Glencore’s Kidd Operations in Timmins07:30 - Franco-Nevada Purchases $52.2M NSR on Banyan Gold09:29 - Abra Silver Advances Under Argentina’s RIGI Regime12:37 - Elemental Royalty Expands $150M Credit Facility13:06 - PDAC 2026 Floor Sentiment Signals Bull Market__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  27. 220

    2Moz Gold Discovery in Four Months of Drilling | Cor Coe

    Sitka Gold (TSXV: SIG) has outlined more than 5 Moz in total gold resources at its RC Gold project in Yukon’s Tombstone Gold Belt following the maiden 2.25 Moz inferred resource at the Rhosgobel deposit, announced Feb. 25, 2026. The updated resource now totals 1.29 Moz indicated, and 3.83 Moz inferred across the Blackjack, Rhosgobel, and Eiger deposits, highlighting the rapid growth of the district-scale system.Speaking with Kitco Mining at PDAC 2026, CEO Cor Coe said the project hosts three deposits across 11 gold-bearing intrusions, with significant exploration upside remaining. “Five to 10 million ounces is not uncommon,” Coe said, referring to similar intrusion-related deposits such as Fort Knox and Eagle.Rhosgobel has emerged as the fastest-growing discovery. “15,000 meters to end up with a couple million ounces of gold,” Coe said. “Just basically four months of drilling.” Sitka has drilled just under 60,000 meters to define the current resource and plans another 60,000 meters in 2026, potentially advancing RC Gold toward a PEA next year.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Sitka Gold, visit: https://sitkagoldcorp.com/01:00 - RC Gold Discovery and Project Origins02:46 - Intrusion-Related Gold Deposits Explained03:54 - RC Gold Maiden Resource Breakdown06:18 - Tungsten Byproduct Potential at Rhosgobel07:55 - Financing the Discovery and Capital Strategy09:40 - 2026 Drill Plan and 60,000m Program11:36 - Next Resource Update and Potential PEA13:20 - Yukon Mining Policy and First Nations Partnerships14:46 - 2026 Catalysts and Key Milestones__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  28. 219

    Military Escalation and the Race to Secure Critical Minerals | Neil Adshead

    Neil Adshead, Consultant Analyst at the Commodity Discovery Fund, joins Kitco Mining’s Digging Deep with Paul Harris in person at PDAC 2026 in Toronto as markets react to breaking geopolitical news and a surge in major mining transactions.Following reports of U.S. strikes on Iran over the weekend, Adshead said, “the gold price has already reacted,” noting that 24/7 trading pushed gold above $5,300 per ounce, roughly $100 higher than Friday’s close. He also highlighted record sector profitability, saying, “we've never seen gold miners make the margins that they've been making like they did in Q4 2025.” The discussion explores whether oil could spike, how diesel prices have supported gold miner margins, and how escalating conflict could accelerate demand for critical minerals used in modern defense systems, including tungsten, heavy rare earths, copper and silver.The conversation also examines a wave of streaming and royalty deals ahead of PDAC, including Wheaton’s $4.3B silver stream with BHP, Lundin and BHP’s large-scale copper development in Argentina, and Faraday Copper’s Arizona asset deal with BHP.Don’t forget to subscribe to the Kitco Mining YouTube channel to stay up to date on the latest Digging Deep interviews and industry insights.Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/00:20 - Breaking News: US Strikes Iran01:43 - Oil Shock, Strait of Hormuz Risk and Triple-Digit Oil Debate03:00 - Gold Above $5,300 and Impact on Gold Miner Costs04:37 - War Demand for Critical Minerals and Military Stockpiles07:12 - Surge in Streaming and Royalty Deals Ahead of PDAC08:27 - Wheaton’s Record $4.3B Silver Stream with BHP10:32 - Lundin and BHP Argentina Mega Copper Project PEA13:15 - Faraday Copper Arizona Asset Deal with BHP__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  29. 218

    Gold’s Cash Pile Problem, Barrick’s Crossroads and a Cycle Warning | Nicole Adshead-Bell

    Nicole Adshead-Bell, Director of Cupel Advisory, joins Kitco Mining’s Digging Deep with Paul Harris at PDAC 2026 in Toronto to break down what a packed conference floor may be signaling for the mining cycle, and why rising commodity prices can blur the line between skill and momentum.Adshead-Bell argues that “we always mistake alpha for beta,” warning that a rising tape can hide weaker execution. She highlights a growing capital allocation debate among gold producers, noting that at least 10 companies now hold $1 billion or more in cash even after increasing shareholder returns. The key question, she says, is whether producers should hold gold instead of dollars, and whether buybacks reflect real conviction that stocks are undervalued based on credible gold price assumptions.The discussion also addresses questions around Barrick’s strategy ahead of a potential North American IPO and tensions within Nevada Gold Mines, underscoring her view that “Market doesn't like uncertainty.” Adshead-Bell further examines evolving royalty and streaming structures, and how cost of capital advantages are reshaping mining finance.Don’t forget to subscribe to the Kitco Mining YouTube channel to stay up to date on the latest Digging Deep interviews and industry insights.Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/00:19 - PDAC 2026 Cycle Signals and Market Sentiment01:01 - Alpha vs Beta in Mining Markets04:42 - Barrick Strategy, Leadership and IPO Questions08:22 - Newmont Messaging and Nevada Gold Mines Uncertainty12:26 - Lundin Gold $670M Silver Stream to Luna Royalties16:31 - Highlander Silver Buys Bear Creek and Corani Asset20:11 - Junior Mining Marketing Spend and Is the Market Toppy?__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  30. 217

    Mining Capital Markets Gain Momentum as Copper Leads | Ilan Bahar

    BMO Capital Markets Managing Director and Co-Head of Global Metals and Mining Ilan Bahar says the mining sector is entering 2026 with one of its strongest capital markets backdrops in years. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Bahar said this year’s event drew 650 investors and 300 companies, reflecting what he described as a “very, very healthy” environment for precious metals, financing activity, and elevated M&A discussions. He also pointed to the pace and focus with which the U.S. government is leaning into critical minerals as a notable policy shift.Copper remains central to that narrative as AI data centers, electrification, and energy transition demand themes collide with a constrained supply pipeline. “Everybody loves copper, right?” Bahar said, citing strong fundamentals alongside permitting and development challenges. He added that investor participation is broadening beyond traditional resource funds to include retail, hedge funds, and generalists reallocating toward materials.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:45 - Key Themes Driving Mining in 202601:57 - Copper Demand, AI Electrification, and Supply Constraints02:54 - Record Attendance and Capital Markets Momentum04:57 - Equity Financing Converts and Streaming Trends07:40 - Mining M&A Activity at Multi-Year Highs09:19 - CEO Transitions and Talent Pipeline Challenges10:58 - New Leadership and Capital Allocation Discipline13:31 - Dividends, Buybacks, and Shareholder Returns15:06 - Precious Metals Strength and 2026 Outlook16:25 - Critical Minerals Strategy and Investment Risks__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  31. 216

    Americas Gold and Silver Aligns With $12B Project Vault | Paul Huet

    Americas Gold and Silver (NYSE American: USAS; TSX: USA) CEO & Chairman Paul Huet says the company is emerging as the only current U.S. source of antimony as it advances a new Idaho processing joint venture aligned with the U.S. government’s $12 billion Project Vault initiative. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Huet said domestic supply remains structurally short as the U.S. looks to secure critical minerals for defense and industrial use.“We need 50 million pounds of antimony per year,” Huet said, adding that U.S. production must also expand by another 40 million pounds to support allied demand. Through a 51/49 joint venture with U.S. Antimony, the company plans to process concentrate from its Galena complex domestically, targeting roughly 3 million pounds annually as capacity scales. Huet said antimony comes at no incremental mining cost, while nearly $300 million raised over the past year has funded infrastructure upgrades, new mechanized mining methods, and district consolidation, including the Crescent acquisition, as silver output ramps back toward 5 million ounces annually.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:30 - $12B Project Vault and US Antimony Strategy02:11 - Idaho Antimony JV with US Antimony Explained04:09 - How Galena Antimony Concentrate Flows Today06:06 - 51 49 JV Structure and Funding Plan08:51 - Antimony Pricing Risks and Supply Concerns11:51 - Galena Silver Turnaround to 5Moz Target12:39 - Mechanized Mining vs Jackleg Production14:16 - Cash Flow Growth and Exploration Strategy16:39 - Crescent Mine Acquisition and District Synergies18:27 - 2026 Production Milestones and Expansion Plans__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  32. 215

    G2 Goldfields Says M&A Window Opens After Permitting | Daniel Noone

    G2 Goldfields (TSX: GTWO) is advancing its 3+ million ounce Oko gold project in Guyana toward permitting following its December 2025 preliminary economic assessment, while continuing to expand the high-grade system and position the company for potential M&A. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, CEO Daniel Noone highlighted the strength of the nine gram per tonne Oko Main Zone and the project’s robust economics. “There’s no risk that it’s not going to be a mine,” he said.Since the August 31 cutoff date for the PEA, drilling has extended mineralization to one kilometer depth and expanded a northwest trend now defined over roughly five kilometers, including intercepts of 60 meters at 2.1 grams per tonne. With environmental permitting in Guyana potentially achievable within roughly 15 months, Noone said G2 is advancing three parallel streams in 2026: feasibility and permitting, continued resource growth, and M&A readiness. The company currently trades at approximately 0.3 to 0.4 times NAV, with Noone suggesting valuation could move toward 0.7 to 0.8 times NAV as permitting advances. G2 is also targeting an April 2026 spinout of 87,000 acres into G3 Goldfields with $15 million in cash.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:40 - 2025 Wins and Oko PEA Highlights01:13 - PEA Impact and Guyana Permitting Timeline02:34 - Post PEA Drilling and Resource Expansion03:44 - M&A Outlook and 0.3x to 0.8x NAV Rerate05:22 - Why High Grade Deposits Still Win06:28 - Strategic Process Update After December07:36 - Exploration Growth and G3 Goldfields Spinout09:17 - Geology Behind Sands and Northwest Trend10:08 - G3 Timeline, $15M Capital and Share Terms11:02 - Next 12 Months Feasibility and Permitting Catalysts__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  33. 214

    Discovery Silver’s Tony Makuch Wins CEO of the Year

    Discovery Silver (TSX: DSV; OTCQX: DSVSF) CEO Tony Makuch has been named Kitco Mining’s CEO of the Year after leading a rapid turnaround of the Porcupine complex in Ontario and repositioning the former non-core asset into a cash-generating growth platform.Speaking at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Makuch highlighted 2025 production of 180,000 ounces of gold, net profit of $107 million, and free cash flow of $172 million in the company’s first full year operating the asset. Discovery is accelerating investment, increasing exploration spending to more than $65 million as it works to extend mine life beyond current plans, grow resources at Borden, Hoyle Pond, and Pamour, and ultimately lift production while lowering costs. Makuch said the company is targeting all-in sustaining costs of between $1,250 and $1,500 per ounce over time.“Shareholder return over the next few years is going to be an investment of capital into the business to improve the value of the equity,” he said.Makuch also outlined balance sheet strength, a debt-free position, and continued permitting progress at the Cordero project in Mexico as Discovery focuses on reinvesting cash flow to build long-term value.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com00:33 – Record 2025 Gold Production, Profit & Free Cash Flow02:30 – Reinvesting Higher Gold Prices Into Growth03:52 – Porcupine Exploration & Mine Life Expansion05:58 – Workforce Integration & Culture Shift07:10 – Debt-Free Balance Sheet & Credit Facility Reset09:35 – Shareholder Returns Through Reinvestment11:00 – Cordero Permitting Progress in Mexico13:45 – Investor Questions at BMO Conference15:52 – Mid-Tier Gold Sector Outlook & Cycles18:15 – Kitco Mining CEO of the Year Announcement__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  34. 213

    Billion-Dollar Streams, 35% Growth, and a Royalty Repricing | Brett Heath

    Metalla Royalty & Streaming (NYSE American: MTA; TSXV: MTA) CEO Brett Heath joins Kitco Mining’s Investment Trends at the 35th BMO Metals & Mining Conference as the royalty sector sees a surge in billion-dollar deals.Following a $4.3 billion copper stream and other large transactions, Heath says the activity reflects structural change tied to higher metal prices and looming supply needs. “We’re entering a period of time right now where there’s going to be a new copper build cycle,” he said, arguing royalties and streams will play a growing role in financing multi-billion-dollar projects.Heath also discusses Tether’s expanding ownership in the sector, gold-token dividends, and increasing generalist investor interest. After reporting record 2025 revenue of just under $12 million, which he called “a step change,” Metalla is targeting roughly 35% compound annual growth toward 2030 while trading near 0.6x NAV at spot prices.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.00:27 – Surge in Billion-Dollar Royalty & Streaming Deals02:01 – Copper Build Cycle and Mega Project Financing04:41 – Tether’s Entry into the Royalty Sector07:57 – Gold-Backed Token Dividends Explained09:09 – Metalla’s Record 2025 Revenue and Step Change10:17 – 35% CAGR Growth Drivers Toward 203012:31 – Higher Gold Prices Expand Royalties and Mine Life16:14 – Deal Flow Dynamics in a High-Liquidity Market18:29 – Mid-Tier Valuation Gap and NAV Discount__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  35. 212

    Fortuna Expands in West Africa as Output Targets Rise | Luis Ganoza

    Fortuna Mining (NYSE: FSM; TSX: FVI) CFO Luis D. Ganoza joins Kitco Mining’s Investment Trends with Paul Harris to discuss record 2025 free cash flow and the company’s strategy to return to 500,000 oz per year as it builds a two-region platform across Latin America and West Africa.Fortuna generated $330 million in free cash flow in 2025, produced about 371,000 oz of gold equivalent, and ended the year with roughly $380 million in cash. Ganoza said full-year free cash flow represented “between 35 and 38%” of sales, with more than 60% EBITDA conversion into free cash flow. He also outlined a “clear path to get back to 500,000 ounces” annually through development at Diamba Sud and potential expansion at Séguéla toward 200,000 oz per year.Beyond production growth, Ganoza explains how Fortuna approaches M&A in West Africa and Latin America, why the company continues to stress-test projects at lower gold prices, and how capital allocation decisions, including dividend timing, are being weighed as cash balances grow in a stronger price environment.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.00:27 – $330M Record Free Cash Flow and 2025 Results02:05 – Fortuna’s LatAm and West Africa Strategy Explained05:04 – HPGR Downtime and Path Back to 500,000 oz07:53 – Half-Million-Ounce Production Plan09:07 – Argentina Outlook and M&A Discipline10:50 – West Africa Growth Pipeline and Exploration14:22 – Growth Challenges and Asset Valuation Discipline16:09 – IRR Hurdles and Cost Curve Strategy18:19 – Capital Allocation, Cash Build and Dividend Timing20:49 – 2026 Milestones: Diamba and Séguéla Expansion__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  36. 211

    Wesdome Targets 400–500k oz After Record 185k Production | Anthea Bath

    Wesdome Gold Mines (TSX: WDO) President and CEO Anthea Bath says the company is entering 2026 as a debt-free, high-margin gold producer after delivering record 2025 production of 185,000 ounces and ending the year with $356 million in cash and zero debt. Speaking with Kitco Mining at the 2026 BMO Metals Mining & Critical Minerals Conference, Bath said Wesdome generated about $250 million in free cash flow in 2025 and expects to generate roughly $350 million in 2026 at budget assumptions below $4,000 gold. “Wes generated about $250 million in free cash last year,” she said.With mill utilization currently running between 30% and 60% at Eagle River and Kiena, Wesdome is advancing a “fill the mill” strategy aimed at increasing throughput, extending mine life, and lowering unit costs through fixed-cost leverage without significant new mill capital. The company completed about 200 kilometers of drilling in 2025 and plans about 270 kilometers in 2026 across 250 exploration targets, with updated resource disclosures expected in June and technical reports expected in the second half of 2026. Bath said Wesdome is targeting mid-tier scale of 400,000 to 500,000 ounces annually while maintaining disciplined capital allocation and evaluating high-quality acquisition opportunities.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/01:19 - “Fill the Mill” Strategy and 30–60% Utilization02:04 - Gold Price Leverage and Resource Expansion03:52 - 270km Drill Program and June Resource Update04:53 - Capital Requirements and Infrastructure Readiness05:30 - $250M Free Cash Flow and Share Buybacks06:49 - Path to 400–500k oz Mid-Tier Scale07:33 - M&A Criteria and Tier-One Jurisdiction Focus09:17 - Takeover Risk and Gold Sector Discipline10:30 - Investor Feedback and Capital Returns__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  37. 210

    C$409M Raise Positions Marimaca for 2026 Construction | Hayden Locke

    Marimaca Copper (TSX: MARI) CEO Hayden Locke says the company is advancing its Marimaca oxide project in Chile toward a potential final investment decision by the end of 2026, positioning it as a near-term copper producer during what he describes as an infrastructure-led demand cycle. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Locke said the company continues to anchor its planning assumptions well below current spot prices. “We’re running everything, all of our decision making at 4.50,” he said, referring to a $4.50 per pound long-term copper price despite copper trading near $6.The Marimaca oxide deposit is expected to produce roughly 50,000 tonnes of copper cathode annually, with initial capital of about $600 million. Following a C$409 million financing, the company holds more than $160 million in cash to advance engineering, secure debt financing, and expand drilling at the nearby Pampa Medina discovery, which Locke said has potential to become a tier-one opportunity. Marimaca also plans to use recycled seawater sourced from local thermoelectric facilities, while targeting credit-approved debt term sheets by the third quarter and expanding its drill budget to $30–50 million over the next 12–18 months.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/01:46 - $4.3B Streaming Deal and Copper Byproduct Monetization03:13 - C$409M Financing and Greenstone Exit04:36 - New Share Register and Liquidity Shift05:40 - Strategic Interest and Board Transition07:02 - Environmental Approval and 2026 FID Timeline08:10 - Project Economics at $4.50 Copper Planning Price10:20 - Recycled Seawater and Chile Water Strategy11:24 - Pampa Medina Tier One Discovery Potential13:14 - 50kt Base, 75kt Growth Ambition15:26 - 2026 Catalysts and $30–50M Drill Program__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  38. 209

    Allied Gold Agrees to C$5.5B All-Cash Sale to Zijin Mining | Peter Marrone

    Allied Gold (TSX: AAUC; OTCQX: AAUCF) Chairman & CEO Peter Marrone says the company’s C$5.5 billion all-cash sale to Zijin Mining secures what he views as full and fair value, less than two years after Allied’s September 2023 IPO at an approximate C$970 million valuation. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Marrone said the board set a clear pricing threshold during negotiations. “It has to be in the mid forties,” he said, referring to the per-share level required to support a transaction.Allied rose more than 300% last year on the Toronto Stock Exchange, with the offer coming at a premium to an all-time high. Marrone pointed to recent gold price volatility, noting realized prices in the $3,400–$3,800 range before spot briefly moved above $5,000 per ounce. “There’s a lot of air in between,” he said, describing the risk of sharp swings and the rationale for locking in a cash floor. Allied’s portfolio is anchored by the Sadiola mine in Mali, with more than 10 million ounces of resources, and the Kurmuk project in Ethiopia, expected to produce close to 300,000 ounces annually at roughly $950 per ounce AISC. Shareholders vote in March, with closing anticipated in April.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:43 - C$5.5B Allied Gold Takeover Overview02:25 - Why the All-Cash Offer Locks in Value04:19 - Strategic Process and Asian Buyer Engagement07:24 - Deal Timeline and “Mid Forties” Price Target09:06 - Gold Price Volatility and Risk Management11:20 - Jurisdiction Risk and Tier 1 Asset Reality15:14 - Dividend Discipline and Share Buybacks17:24 - Shareholder Vote in March, Closing in April__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  39. 208

    Equinox Nears Net Cash as 1Moz Gold Plan Advances | Darren Hall

    Equinox Gold (TSX: EQX; NYSE American: EQX) CEO Darren Hall says the company has reset its balance sheet and is now focused on disciplined execution as it advances toward becoming a 1 million oz per year producer. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Hall said Equinox reduced net debt from more than $1.4 billion at the end of June 2025 to less than $100 million at the end of January 2026, alongside launching an inaugural dividend and applying for an NCIB. “I think it’s more creating a boring business,” he said, describing a strategy centered on quarter-on-quarter delivery and rebuilding credibility with investors.Equinox produced 923,000 oz in 2025, up 48% year over year, and Hall highlighted operational momentum at Greenstone and Valentine, where throughput reached 110% of nameplate month to date in February after winter-related challenges in January. He outlined an organic growth pipeline including Valentine Phase 2, Castle Mountain, and Los Filos expansion, supported by a $70–$80 million exploration budget and a target to drive total all-in costs below $2,500 per oz, excluding major growth capital.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:27 - Equinox Calibre Merger And CEO Transition01:21 - 2025 Balance Sheet Reset And Dividend Launch03:13 - Path Toward 1 Million Ounces Per Year04:46 - Brazil Asset Sale Legal Challenge Explained06:04 - Greenstone And Valentine Operational Update07:53 - Cost Discipline And Sub $2,500 All In Target10:27 - Net Debt Reduction And Liquidity Position12:29 - AI Discovery At Valentine And $70M–$80M Exploration Budget16:02 - Targeting Top Quartile Peer Valuation18:25 - Castle Mountain And Los Filos Capital Priorities19:58 - M And A Speculation And Organic Growth Focus20:41 - Investor Meetings And Shareholder Base Shift At BMO__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  40. 207

    Coeur Mining Makes “Massive Leap Forward” With New Gold | Mitch Krebs

    Coeur Mining (NYSE: CDE) President & CEO Mitch Krebs says the company’s acquisition of New Gold marks a transformational step, accelerating Coeur into a larger, more resilient North American silver, gold, and copper producer. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Krebs said the deal builds on last year’s SilverCrest acquisition and moves Coeur into a new peer group with roughly $25 billion in market capitalization, more than $3 billion in EBITDA, and over $2 billion in projected free cash flow on a pro forma basis.The combined company is expected to produce approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper annually, while lowering overall costs by close to 20%. Krebs said the transaction strengthens the balance sheet, supports potential investment-grade metrics, and opens the door to broader institutional ownership, including eligibility for major U.S. equity indexes. “It’s a massive leap forward,” he said, describing the acquisition as positioning Coeur to perform through commodity cycles while maintaining its silver-dominant profile and expanding capital return options post-closing.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:43 - Why Coeur Is Acquiring New Gold Now02:52 - “It’s a Massive Leap Forward”04:23 - Building Scale and Through-Cycle Resilience05:25 - Costs, Cash Flow, and Investment-Grade Balance Sheet07:23 - Exploration Growth and Capital Return Strategy09:18 - Investor Interest Surges at BMO Conference10:27 - Seven-Asset Portfolio and Integration Focus11:27 - 2026 Milestones Including Silver Tip Project__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  41. 206

    Vicuña Advances 38Mt Copper District Toward 2026 FID | Ron Hochstein

    Vicuña Corp CEO Ron Hochstein says the newly combined Jose Maria and Filo del Sol deposits position the Vicuña district as one of the world’s largest and most advanced undeveloped copper projects, with a staged path toward a final investment decision by the end of 2026. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Hochstein said the recently released preliminary economic assessment outlines a $7.1 billion first-stage development centered on the fully permitted Jose Maria deposit, with total staged capital rising to roughly $11 billion. If built, the project would represent the largest private investment in Argentina’s history.The district hosts combined resources of 38 million tonnes of copper, 81 million ounces of gold, and 1.4 billion ounces of silver, with a projected mine life exceeding 70 years. Hochstein said the immediate priorities are advancing engineering to a Class 2 capital estimate, finalizing provincial agreements in San Juan, and progressing Argentina’s RIGI investment framework as financing options are evaluated. “See this project through now to successful first copper,” he said, describing his mandate as delivering construction while optimizing future phases across the broader Vicuña district.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/01:40 - PEA Outlines $7.1B Stage One Development02:07 - Why Jose Maria Is Ready for FID03:32 - Staged Approach Reduces Risk and Optimizes Philo04:41 - Argentina Government Backing and $7B Investment Impact06:56 - Permitting, Engineering, and San Juan Provincial Agreement08:14 - Chile Argentina Binational Treaty and Cross-Border Mining10:17 - Copper M&A Wave and Industry Consolidation11:57 - Silver Streaming and Project Financing Options__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  42. 205

    Vale Base Metals Eyes 700,000-Ton Copper as IPO Plans Accelerate | Shaun Usmar

    Vale Base Metals CEO Shaun Usmar says the company is reshaping its nickel and copper portfolio as it advances a consortium that will invest more than $200 million in the Thompson Nickel Complex in Manitoba while accelerating high-return copper growth in Brazil. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Usmar said the Thompson transaction brings in new capital and partners while Vale Base Metals retains a 19% stake and remains a key customer, positioning the asset for renewed focus after more than 60 years of operation.The company is targeting a doubling of copper production from roughly 350,000 tonnes per year to 700,000 tonnes through brownfield expansions, delivering returns above 25%, with some projects exceeding 50% internal rates of return following capital reductions and design changes. Usmar said operational discipline is driving the turnaround, with EBITDA rising from about $1.3 billion in 2024 to $2.3 billion in 2025 and nearly $1 billion of cash performance improvement, much of it from management actions rather than price. “We exceeded guidance for the first time in the history of this business,” he said, adding that the company is positioning to be IPO-ready by mid- to late-2026 while driving its nickel operations into the lower half of the cost curve.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:59 - Thompson Nickel Consortium Deal02:42 - Why a Minority Stake03:26 - Nickel Timing and Indonesia05:15 - Cutting Costs and Boosting Throughput07:07 - Canada Nickel Projects Reality Check08:15 - Copper Growth to 700k Tons13:14 - IPO Readiness and Timeline16:54 - Long Term Investing and Geopolitics20:24 - Valuation Expectations__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  43. 204

    New Gold Extends Rainy River to 2035 After 99% Vote for Coeur Deal

    New Gold (NYSE American: NGD; TSX: NGD) CEO Patrick Godin says disciplined execution and reinvestment transformed the company ahead of its approved acquisition by Coeur Mining. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Godin outlined how Rainy River’s open pit was once expected to end in 2027 and the underground in 2030. Through sustained exploration investment, mine life has now been extended to 2035, materially reshaping the company’s long-term outlook.Godin said the transaction expands New Gold from a two-asset producer into a seven-asset, North America-focused portfolio with meaningful silver exposure alongside gold and copper. Shareholders approved the deal with a 99% vote. “We planned the mine, and we mined the plan,” he said, describing a shift toward tighter operational discipline and accountability. The combination adds scale, reduces asset concentration risk, and positions the company for greater stability across commodity cycles.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:24 - New Gold Turnaround Blueprint and Culture Reset01:40 - Planning Discipline and Cash Flow Reinvestment02:51 - Rainy River Mine Life Extended to 203504:17 - Talent Retention and Workforce Challenges in Mining09:22 - Why Sell After Recovery and 99% Shareholder Vote10:42 - Portfolio Fit, Commodity Mix and Risk Diversification13:13 - Consolidation Trends and Mining Talent Gap14:46 - Sector Outlook, Capital Discipline and Technology17:52 - What’s Next for Patrick Godin?__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  44. 203

    First Majestic Doubles Dividend, Eyes Growth to 50M Ounces | Keith Neumeyer

    First Majestic Silver (NYSE: AG; TSX: AG) CEO Keith Neumeyer says silver’s move above $100 per ounce confirms tightening supply-demand fundamentals, even with a correction into the $80–$85 range. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Neumeyer said large institutions still “don’t believe the market,” arguing silver equities remain well below prior-cycle valuations despite stronger metal prices.First Majestic generated $250 million in free cash flow in Q4, holds approximately $1 billion in cash, and reported roughly $1.2 billion in revenue last year. The company produced 33 million ounces on an equivalent basis in 2025 and is targeting 50 million ounces longer term through exploration and internal expansions, with about $50 million allocated to exploration and roughly $80 million to development this year. “I think we’ll see 5,000 gold,” he said, adding that silver would go back to “triple digits fairly shortly.” Neumeyer also expects consolidation to accelerate, predicting the mining sector could shrink significantly over the next five years.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/01:48 - Why Silver Stocks Are Still Lagging Metal Prices04:59 - Planning the Business Through Silver Volatility06:31 - Cash Allocation: Dividends, Buybacks, and Growth08:30 - Capital Discipline and the Coming M&A Wave10:20 - Record-Low 0.125% Convertible Note Refinancing12:02 - $4.3B Wheaton Stream and Silver’s Strategic Role14:04 - First Majestic’s Role in Sector Consolidation15:13 - Mexico Security Monitoring and Crisis Management17:10 - Succession Planning and Leadership Development19:24 - Path to 50 Million Ounces of Annual Production__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  45. 202

    Lundin Unveils 70-Year Copper Giant, Targets Top Five Global Scale | Jack Lundin

    Lundin Mining (TSX: LUN; Nasdaq Stockholm: LUMI) has released the first integrated preliminary economic assessment for the Vicuña copper district in Argentina, combining the Jose Maria and Filo del Sol deposits into a staged development plan. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, President and CEO Jack Lundin said the project could rank among the top five copper, gold, and silver producers globally.The PEA outlines an initial 25 years, averaging about 400,000 tonnes of copper and 600,000 ounces of gold annually, with peak years exceeding 500,000 tonnes of copper and 800,000 ounces of gold. Full-scale development carries a projected mine life of more than 70 years. “No better project out there that exists today, I believe in the copper sector than Vicuña,” Lundin said.With fiscal stability applications submitted under Argentina’s RIGI regime and a potential final investment decision targeted before year-end, Lundin Mining is positioning Vicuña as a multi-decade copper growth platform. Lundin also discusses financing flexibility and the company’s ambition to become a top 10 global copper producer.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com01:02 - Vicuña Integrated PEA: Jose Maria + Filo del Sol01:55 - 70+ Year Mine Life and Top Five Copper Scale02:49 - Fast Track to FID: RIGI, EIA, and Timeline05:11 - Leadership Team and Execution Plan at Vicuna06:26 - Greenfield Build Risks at 4,500m Elevation08:05 - Infrastructure Strategy and Potential Spinout11:03 - Chile–Argentina Binational Mining Protocol12:52 - Funding Strategy, Credit Facility, and Streaming Options14:55 - Portfolio Reshaping: Europe Exit and Eagle Sale17:10 - Copper M&A Trends and Top 10 Producer Ambition19:08 - Chile Politics, Copper Outlook, and 2026 Milestones__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  46. 201

    Collective Targets 5–7 Moz Resource After Major Ramp Intercept | Ari Sussman

    Collective Mining (TSX: CNL; NYSE American: CNL) Executive Chair Ari Sussman joins Kitco Mining’s Investment Trends with Paul Harris to discuss new high-grade drilling from the Ramp Zone at the Guayabales Project in Colombia and the path toward a maiden resource in the first half of 2027.On February 24, 2026, the company reported 54.55 metres grading 7.04 g/t gold and 16 g/t silver from hole APC150-D1, with assay results pending for another 370.25 metres. Sussman said it is “the first time we’ve drilled a ramp from the south in a northeastern direction,” a shift he believes is confirming continuity along the breccia margins. Collective has confirmed 315 metres of high-grade mineralization along the outer southeast margin, with roughly 1,200 metres of additional breccia circumference still to be tested. Visual logging from the first western breccia hole intersected at least 20 metres of Ramp-style mineralization, with assays expected in late March 2026.Sussman said the company is “hoping to drill somewhere between five to 7 million ounces in our maiden resource” while advancing what he called its largest drill year ever at up to 100,000 metres in 2026. He also addresses drilling at San Antonio, tungsten prices up north of 500% over the past 12 months, investor focus on Colombia’s upcoming presidential election, and why he believes major producers face long-term growth challenges that could drive future M&A.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.02:06 - San Antonio Drilling and Porphyry Target Expansion04:25 - Ramp Zone Expansion and Breccia Margin Potential06:01 - 5 to 7 Million Ounce Maiden Resource Target08:14 - Metallurgy Results and Expected Recoveries09:27 - Gold Bull Market and Valuation Discussion11:33 - Colombia Election Risk and Investor Concerns12:53 - Building the Executive Team for Development15:50 - 100,000 Meter Drill Plan and 2026 Catalysts__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  47. 200

    LunR Royalties Secures $670M Silver Stream on Fruta del Norte | Adam Lundin

    LunR Royalties (TSXV: LUNR) has announced a $670 million life-of-mine silver stream on Lundin Gold’s Fruta del Norte mine in Ecuador, a deal that delivers immediate precious metals cash flow to the recently listed royalty company. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, CEO Adam Lundin described the structure as “a very elegant way to get cash flow into Lunar,” with approximately 50 million LunR shares issued to Lundin Gold for distribution to its shareholders.The stream provides exposure to more than 500,000 ounces of annual silver production, closely aligned with Lundin Gold’s roughly 500,000 ounces of gold output. The transaction increases LunR’s free float, introduces Newmont as a major shareholder with board representation, and positions the company within the underrepresented $1 billion to $10 billion royalty gap. A shareholder vote is required to complete the transaction as LunR scales into a cash-flowing precious metals platform.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.👉 Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:23 - $670M Silver Stream Deal Overview and Rationale00:43 - How the Share-Based Streaming Structure Works02:36 - Liquidity, Free Float and Newmont as Shareholder03:57 - Why Build a Royalty Company Now04:52 - Scaling LunR Into the $1B–$10B Royalty Gap05:38 - Competing for Deals in a Crowded Royalty Market06:33 - Vicuna PEA Results and Phase One Economics07:36 - Large Silver Stream Deals and Vicuna Potential08:46 - Faraday Copper Deal With BHP Explained09:48 - Copper Market Outlook at $6 Per Pound10:53 - What’s Next for LunR Royalties__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  48. 199

    B2Gold Founder Clive Johnson to Step Down as CEO in June

    B2Gold (NYSE American: BTG; TSX: BTO) founder Clive Johnson will retire as President and CEO at the company’s annual meeting on June 4, ending a two-decade run that built the miner into a 1 million ounce per year gold producer. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, Johnson said it was “a good time to look at passing the baton.” CFO Mike Cinnamond will succeed him, with Johnson remaining as chair emeritus.The transition comes as B2Gold ramps up the Goose mine in Nunavut, where crushing circuit modifications are underway as production moves toward design capacity. The company forecasts 2026 production between 820,000 and 970,000 ounces, with output expected to return to 2025 levels by 2027. In Mali, a regional permit at Fekola is expected shortly and could add 180,000 ounces per year.Johnson said B2Gold is “clearly undervalued” and must “get value for the existing assets” before pursuing acquisitions.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.👉 Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com00:40 - B2Gold CEO Clive Johnson to Retire on June 401:28 - CFO Mike Cinnamond Named Successor01:45 - Legacy, Values and Global Expansion02:38 - Goose, Fekola, and Gramalote Growth Pipeline04:07 - Gramalote Strategy at Higher Gold Prices05:52 - Path to 2 Million Ounces: M&A and Expansion06:38 - “Clearly Undervalued”: Stock and Market Perception08:58 - Goose Ramp-Up and Crushing Circuit Fix09:34 - 2026 Production Outlook and Free Cash Flow10:27 - Dividend Policy and Share Buybacks11:49 - What’s Next for Clive Johnson__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

  49. 198

    Agnico Delivers $4.4B FCF, 40% Returns, 4M oz Plan | Ammar Al-Joundi

    Ammar Al-Joundi, President and CEO of Agnico Eagle Mines (NYSE: AEM; TSX: AEM), says the company is in its strongest financial position after a record 2025. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, Al-Joundi highlighted roughly $4.4 billion in free cash flow, about $950 million in debt repayment, and $1.4 billion returned to shareholders in 2025.“Our job is to give them as much of that increase as possible,” he said, adding Agnico delivered “over 95%” of the gold price increase to its owners through cost discipline and operating performance.Looking ahead, Al-Joundi outlined a plan to increase production 20 to 30% over the next decade, targeting more than 4 million ounces annually in the early 2030s, with growth anchored by Detour Lake, Canadian Malartic, Hope Bay, and Upper Beaver. He said the company expects to make a go-ahead decision on Hope Bay in May and plans to return about 40% of free cash flow to shareholders this year while maintaining full exposure to gold prices.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.👉 Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com01:05 - Record 2025 Results: Safety, Cost Control, and Margin Discipline02:39 - 10-Year Growth Plan: Four Projects Targeting 4M+ oz03:56 - Detour Lake Expansion: Underground Mining to Reach 1M oz04:46 - Canadian Malartic: Higher-Grade Replacement for Open Pit06:44 - Capital Allocation Strategy: IRRs, 15% Hurdle Rate and Discipline08:28 - Free Cash Flow Returns: “It’s our owners’ cash” and 40% Target10:28 - Dividends in a Cyclical Gold Business and Reserve Growth14:42 - Cost Control, Gold Outlook, and No Hedging Policy__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

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    $250B Copper Shortfall Forces New Era of Streaming Deals | Rick Rule

    Rick Rule, President and CEO of Rule Investment Media, joins Kitco Mining’s Digging Deep with Paul Harris to break down what he sees as a structural capital crunch in copper and a turning point in mine finance. Rule says “the copper industry requires at least $250 billion in capital expenditure over the next 10 years to maintain current levels of output,” arguing that traditional funding sources are falling short.He explains why Wheaton Precious Metals’ $4.3 billion silver stream with BHP, announced February 17, 2026, may signal a new era of mega-deals, and how royalty and streaming companies could further lower their cost of capital through long-dated bonds backed by existing streams. On Lundin and BHP’s Vicuña project, following the integrated PEA released February 17, 2026, Rule says if the “most exciting copper discovery on the planet” struggles to meet hurdle rates, it may point to copper’s true incentive price.Rule also contrasts what he calls “the best permitting environment that we've seen in the last 30 years” at the US federal level with the latest legal setback for Alaska’s Pebble project, including a Department of Justice brief filed February 16, 2026.In this interview, Rick Rule also discusses: • Streaming arbitrage and copper’s capital gap • Copper IRRs and long-term price signals • US permitting signals from Arizona to PebbleDon’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.00:51 - Rick Rule Copper Bootcamp: Investing in Copper in 202603:45 - Wheaton–BHP $4.3B Silver Stream Deal Explained09:24 - Franco & Wheaton 20–30 Year Bonds: Lowering Cost of Capital11:16 - Lundin & BHP Vicuña PEA: 400kt Copper, $7.1B Stage 1 Capex14:08 - Copper Price Floor? IRR Sensitivity & Argentina Fiscal Stability (RIGI)17:54 - How Vicuña Gets Built: Case for Another Billion-Dollar Stream23:19 - Arizona Sonoran Cactus Project: Rio Tinto Exit & US Permitting Shift26:44 - Pebble Project Legal Battle: DOJ Brief & Community Strategy34:53 - Elemental Royalty Dividend in Tether Gold Explained__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

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ABOUT THIS SHOW

The Global Leader In Resource News Kitco Mining delivers the latest news, in-depth analysis and valuable insights into the mining industry. Our extensive coverage of precious and base metal companies will keep you informed and prepared. Our scope isn't limited to gold and silver mining; we also explore base metals like lead and iron ore, as well as critical minerals like copper, cobalt, graphite, lithium, manganese, neodymium, nickel, niobium, palladium, platinum, rhodium, tin, tungsten, vanadium, and zinc. Be informed about energy transition and the battery metal sector. Kitco has exclusive access to influential CEOs and investors, so you can make confident, informed decisions. We cover the entire resource sector, from exploration and development companies to miners and royalty and streaming firms. Stay ahead of the curve. Subscribe today! GOLD LIVE! APP - https://applications.kitco.com In-depth coverage - https://www.kitco.com/mining

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