PODCAST · business
Kitco NEWS Roundtable
by Kitco NEWS
Join Kitco Kitco correspondent Paul Harris and mining audiences manager Michael McCrae who highlight the biggest news in precious metals and mining.
Episodes
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Another week, another 9-figure mining deal and gold churns at $2,300 level
The gold market is spinning its wheels, caught in a stalemate, which could create some profit-taking among investors and weigh on prices in the near term, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. Heading into the weekend, markets continue to...
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Gold investors aren't profit taking yet and blockbuster M&A deal announced
Given higher than expected inflation print this week, the Federal Reserve is less likely to lower interest rates. On Friday mining audiences manager recorded Kitco Roundtable. Gold investors could see higher volatility next week as the Federal Reserve is expected to signal it will not be ready to...
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Gold lacks path to head higher, and Biden administration halts mine development in Alaska
With Middle East conflict unwinding, a focus on the Fed could slow gold's momentum. On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable. For now, the Israel-Iran conflict seems to have tamped down, which removes some safe-haven demand for gold and puts renewed focus on…
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Another excellent week for copper and gold
Gold jumped another 5% this week with June gold futures hitting $2,350 an ounce. On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable. Copper was also on fire, which were up 4.6% for the week to close above $4.20. The copper miners are up 20% year to date and trading at a...
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Interest rate cuts should favor gold and Calibre Mining announces $100 million financing
Metals could get a lift with the Fed signaling that it wants to cut interest rates, note mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. Gold ended the week flat with spot at $2165.The metal did spike mid-week. The Federal Reserve has given the all-clear to...
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Copper pops and Lithium America closes $2.2 billion financing from the US government
Copper gained nearly 6% this week to trade above $4 pound, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. Copper got a boost with news that potentially less metal will be available. According to Reuters, China announced that it was cutting production…
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Gold hits an all-time high and Gabriel Resources loses $4.4 billion damage claim
Gold's run is having limited benefit for gold miners, noted mining audiences manager Michael McCrae. On Saturday, McCrae recorded Kitco Roundtable. After an impressive seven-day rally, which pushed prices to an all-time high of $2,203, the gold market could see some consolidation in the near…
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Metals get a lift from the Fed
Both copper and gold were higher this week with signs that the Fed may be easing as soon as June. On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable with correspondent Paul Harris.
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Gold is buffeted by CPI, and a massive landslide in Turkey traps miners
Gold recovered after tumbling mid week due to a hotter than expected CPI number, noted mining audiences manager Michael McCrae. On Saturday McCrae and Kitco correspondent Paul Harris recorded Kitco Roundtable. On Tuesday the Labor Statistics said that its Consumer Price Index rose 0.3% in…
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Why 2024 may suit silver, and production jumps at New Gold
New Gold announced a big production update this week, noted mining audiences manager Michael McCrae. On Saturday, McCrae recorded Kitco Roundtable with correspondent Paul Harris. New Gold reported that consolidated gold production is expected to increase by approximately 35% from 2023 to 410,000…
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Strong jobs data hurts metals and a First Nations group in B.C. forms a royalty company
Metals traded lower end of week when jobs data came in stronger than expected, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris. On Friday jobs data showed the U.S. economy created a whopping 353,000 jobs last month,...
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Copper comes into focus
The copper market is setting up nicely and prices for the metal should head higher, noted Kitco correspondent Paul Harris. On Monday Harris, mining audiences manager Michael McCrae and Soar Financial CEO Kai Hoffmann recorded Kitco Roundtable at the Vancouver Resource Investment Conference.…
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Copper sector heats up and the Fed narrows gold's trading range
A Chinese miner made a large investment into a Latin American copper developer, noted Kitco correspondent Paul Harris. On Saturday Harris and mining audiences manager Michael McCrae recorded Kitco Roundtable. Earlier this week Solaris Resources announced a $130 million strategic investment by…
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The uranium party continues
Uranium leaped to a new high, noted mining audiences manager Michael McCrae. On Saturday McCrae and Kitco correspondent Paul Harris recorded Kitco Roundtable. Uranium traded as high as $100 this week according to pricing data provider UxC. The metal is has tripled in the past two years. Uranium…
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Gold has a solid year, and Agnico Eagle makes a surprise nickel investment
Gold has had a solid year, overcoming the Fed's higher interest rate regime, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable. Spot gold managed to finish the final trading day of 2023 in the 2060 range, up about $200 from the start of the year. In mining...
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Gold falls to earth and platinum miners cut costs
On Friday gold prices fell on strong job numbers from the U.S., noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable. Friday was jobs day. The U.S. economy created 199,000 jobs last month, beating expectations. At the same time, the unemployment rate dropped…
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Gold hits an all-time high, and First Quantum stops operations in Panama
Gold finally hit a record high, and the copper markets had a big supply shock, said mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable. February gold futures last traded at $2,091.90 an ounce, up more than 4% from last Friday's close. Gold's previous record was at...
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Gold gets comfortable above $2,000 oz and a top 10 copper mine faces supply disruptions
To end the week gold has spent much of the time trading above $2,000 a ounce, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable. After the good CPI numbers earlier this month that may allow the Fed to stop hiking, gold has found room to rise. Notable…
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Markets turn a corner and Teck makes a deal
Commodities and markets were up this week off the good consumer price index report, which came in below market expectations, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. The GDX, a index of gold miners, was up 5% on the week. The S&P was up half…
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Powell talks down commodities and De Beers paints gloomy picture for diamonds
Commodities traded down this week after the Federal Reserve Chair Jerome Powell made hawkish remarks at a news conference. On Sunday mining audiences manager Michael McCrae recorded Kitco Roundtable. Powell warned markets that although inflation has come down from last year’s 40-year highs, the…
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Gold can't hold 2,000, Ero Copper and Vale make a deal
Gold is deferring a break higher, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable with correspondent Paul Harris. Key economic news this week was the jobs report. Non-farm payrolls number come in at up 150,000 versus market expectations of 170,000. The...
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The Fed will likely pause and Atlantic Lithium receives its permits
A Fed rate-hike pause at next week's FOMC meeting is likely, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris. Also noted during Roundtable was Piedmont Lithium and partner Atlantic Lithium obtaining permits for the Ewoyaa...
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Why precious metal prices are up and QC Copper & Gold focuses on critical minerals in Quebec
War worries and a possible end to Fed tightening are some of the reasons gold is rebounding, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and QC Copper & Gold CEO Stephen Stewart. The gold price has been on an unstoppable...
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Gold and oil trade higher and EMX Royalty's David Cole sees a bright future for copper
The set up for copper looks good, said EMX Royalty CEO David Cole. On Friday Cole recorded Kitco Roundtable with mining audiences manager Michael McCrae. With the Federal Reserve looking to be near the end of its tightening cycle and geopolitical concerns, the vice-grip that monetary policy has...
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Jobs data jolts commodities and battery metal sector stays busy
Many commodities were routed in October, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris. Gold prices dropped to a fresh seven months below after data showed that the us economy created 336,000 jobs last month,...
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Gold drops and gigafactory to be built in Quebec
During the last week of September, gold suffered its second largest monthly decline of 2023 with only February having a greater devaluation of gold futures, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. The precious metal droped 5%, nearly $100....
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Gold miners’ margins are going to be squeezed
Due to travel schedules, we reprised an interview with Exploration Insights’ Joe Mazumdar. Mazumdar spoke to Kitco in mid-September at the Precious Metals Summit 2023 in Beaver Creek, Colorado. Mazumdar is editor and analyst of Exploration Insights. Brent Cook, who is founder of Exploration...
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'The joy has gone out of it' - unending bear market is grinding down gold miners
There is a big disconnect between gold prices and gold miners, noted panelists on Kitco Roundtable. On Friday mining audiences manager Michael McCrae, Kitco Correspondent Paul Harris and David Erfle with the juniorminerjunky.com recorded Roundtable at the Precious Metal Summit in Beaver Creek,...
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One commodity is surging, but it's not a metal
While gold and copper slipped 1% and 3.5% respectively this week, oil is gaining, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable with correspondent Paul Harris. Copper prices dropped 3.5% this week to finish at the low $3.70 level. Gold trended…
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Base metals are up, and battery tech sees significant investor interest
Base metals are trading higher due to China's efforts to shore up its struggling property sector, noted mining audiences manager Michael McCrae. On Friday, McCrae recorded Kitco Roundtable with correspondent Paul Harris and Srini Godavarthy, the CEO of Li-Metal. China is issuing directives to…
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The Fed stays hawkish and it's decision time in Beijing
All eyes were on the Jackson Hole meeting in Wyoming, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and Stillwater Critical Minerals' CEO Michael Rowley. Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF) is a…
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Metals trade down on China worries and Ford makes big battery investment in Canada
Metals are sliding due to recession worries, higher for longer rates and China concerns, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris. China is the story that is dominating commodity markets. A handful of large Chinese...
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Gold's tepid response to job numbers and Albemarle's outlook is rosy
Gold did not get much of bounce from the favorable job numbers, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris. U.S. nonfarm payrolls rose by 187,000 last month, according to the Bureau of Labor Statistics, which...
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Gold market seeks clarity and lower commodity prices hit base metal miners
The gold market is seeking direction, noted Kitco's mining audience manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris. McCrae noted that the big news this week was the Federal Reserve pushing interest rates to a 22-year high on Wednesday. The...
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Gold fizzles, and signs of bullishness in mining - equipment sales
Gold approached $2,000 earlier this week but then fizzled as the upcoming Fed hike weighed, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable. The Fed skipped a raise in June. There were signs that the Fed is winning its inflation battle with favorable data...
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A big CPI number buoys markets, and copper has a good week
A good inflation report pushed the gold market to a three-week high, with prices holding solidly above $1,950 an ounce, and sentiment turning bullish, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable. Roundtable covered the lift in metal prices due to…
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Lithium companies' funding advantage
Lithium companies enjoy a funding advantage, noted Bradda Head Lithium CEO Charles FitzRoy. On Friday FitzRoy recorded Kitco Roundtable with mining audiences manager Michael McCrae. Bradda Head is advancing projects in Arizona and Nevada. With energy transition underway and governments supporting...
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Robert Friedland on copper and a lousy end to the quarter
Robert Friedland warned about a coming copper crunch due to increasing demand and dropping supply, noted Kitco correspondent Paul Harris. On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae. The bleak picture for gold stocks was also covered. Gold is seeing its...
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Gold drops on hawkish Fed and Chinese EV sales are super-charged
Gold ended its worst week since February as the Federal Reserve's outlook of two more rate hikes weighed on the precious metal. But some analysts don't see the macro picture supporting that hawkish view. On Saturday mining audiences manager recorded Kitco Roundtable. The gold market was down…
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Gold's path is uncertain, and lithium deals abound
Gold could make a decisive move either up or down next week, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable. The gold market has been steady so far in June, trading between $1,940 and just under $2,000 an ounce, writes Kitco reporter Anna Golubova. But...
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Forest fires in Quebec and can miners be taught to be better communicators?
Unprecedented forest fires in Quebec forced shut downs at several mining operations in the province, noted Kitco correspondent Paul Harris. On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae and CEO and Co-founder of VRIFY, Steve de Jong. Unseasonably warm...
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Gold trades lower and Ford announces a spate of lithium deals
Gold dropped end of week after less than rosy economic data was released, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris. The U.S. annual core Personal Consumption Expenditures price index came in at 4.7% in April versus…
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SQM to invest $1.2 billion despite Chile's plans to tighten grip on sector
Lithium giant SQM plans to keep investing despite Chile's plan to exert more control. On Friday mining audiences manager Michael McCrae and Melissa ‘Mel’ Sanderson, President North America at American Rare Earths recorded Kitco Roundtable. American Rare Earths is developing its 100% owned magnet...
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Abitibi Royalties' Ian Ball returns with a new company
Despite a tough market for precious metal exploration companies, Canadian Gold interim president and CEO Ian Ball said he has a plan to attract investors. On Friday correspondent Paul Harris hosted Kitco Roundtable with Ball and Rob McEwen, chairman and chief owner of McEwen Mining. Canadian Gold...
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'We don't have any competition right now' - Kai Hoffmann on gold investing
During past precious metal run ups, gold investing was competing against rotations into cannabis or crypto, argued Soar Financial CEO Kai Hoffmann, but during this cycle the metal has the stage to itself. On Friday Hoffmann recorded Kitco Roundtable with Kitco correspondent Paul Harris and mining...
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Uncertainty still looms over Chile's lithium industry
After Chile's President Gabriel Boric announced a nationalization plan for his country's lithium sector, miners are still striving to understand what the ruling means, noted Fastmarkets William Adams. On Friday Adams recorded Kitco Roundtable with mining audiences manager Michael McCrae and...
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Lithium's three headwinds: substitution, price drop and demand weakness
Despite lithium prices halving in 2023, Battery Materials Review Managing Editor Matt Fernley is optimistic about the metal. On Friday Fernley recorded Kitco Roundtable with mining audiences manager Michael McCrae. This decade lithium went on a stellar run, trading up 10x versus historical…
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Base metal sector sees big shake up
While gold M&A has dominated resource headlines, the focus turned to base metals this week. On Friday Kitco correspondent and mining audiences manager Michael McCrae recording Kitco Roundtable. Glencore made an unsolicited $22.5 billion bid for Teck. So far Teck has fended off Glencore's…
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