Shows
Kitco MININGOceanaGold Targets 12% Production Growth in 2026 | Gerard BondOceanaGold (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...
2026-03-1316 min
Kitco MININGGran Pilar Gold Project Moves Toward Pilot Production | Brodie SutherlandTocvan 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...
2026-03-1315 min
Kitco MININGTrilogy Metals Advances 5.6% CuEq Arctic Copper Project in Alaska | Tony GiardiniTrilogy 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 Acces...
2026-03-1323 min
Kitco MININGU.S. GoldMining Advances Strategic Alaska Asset | Tim SmithU.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...
2026-03-1316 min
Kitco MININGO’Brien Gold Project Growing as 140,000m Drilling Advances | Matt MansonRadisson 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 s...
2026-03-1221 min
Kitco MININGKootenay Targets 100Moz Silver at Columba Project | Jim McDonaldKootenay 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 incl...
2026-03-1216 min
Kitco NEWSSilver Looks Stronger Than Gold Right Now. Here’s Why | Gary WagnerThe gold and silver markets are hitting a major pivot point as extreme geopolitical volatility clashes with a wave of aggressive technical selling. After gold touched a peak of $5,434 following the escalation of conflict in the Middle East, the metal has retreated significantly, testing critical support levels amid massive daily price swings of up to $200. In this episode of Chart This recorded March 9 2026, Gary Wagner, Editor of The Gold Forecast, explains why he is strictly ignoring the "unsustainable" daily wicks and instead focusing on the "real bodies" of the candlesticks to find the true market floor. We a...
2026-03-1121 min
Kitco NEWSClem Chambers: 'Gold Is For War' And $6000 Is The Real TargetJeremy Szafron, Anchor of Kitco News, sits down with Clem Chambers, founder of anewfn.com, to navigate the latest market volatility and geopolitical risks. Chambers breaks down why the current oil spikes are tactical rather than a long-term strategic shift. He argues that the artificial intelligence boom is a foundational technological leap, akin to the steam engine, which will drive a massive global energy boom requiring all sources of power.The conversation explores the reality of European deindustrialization as surging energy costs hobble manufacturing in Germany and the UK. In the precious metals market, Chambers explains his...
2026-03-1139 min
Kitco NEWS‘The Guy with the Biggest Military’ | Fr. Emmanuel Lemelson on the Fatal Flaw in GoldIn this exclusive for Kitco News, Anchor Jeremy Szafron sits down with Fr. Emmanuel Lemelson, Chief Investment Officer at Lemelson Capital Management, to dissect a global market he describes as 'detached from reality'. Following a historic $36 intraday swing in oil, Lemelson warns that the current volatility is merely a 'tremor before the major earthquake'.Fr. Lemelson challenges the core thesis of the 'gold bugs,' arguing that while trust in fiat is breaking down, gold is not a guaranteed sanctuary. He posits a sobering geopolitical reality: in a global crisis, 'it’s the guy with the biggest mi...
2026-03-1138 min
Kitco NEWSLuke Gromen: Gold To $6,000 By Midyear As US Faces 1956 Suez MomentLuke Gromen, founder and president of Forest for the Trees, joins Kitco News Anchor Jeremy Szafron to analyze the macroeconomic fallout from the ongoing closure of the Strait of Hormuz. Gromen explains why the bond market is the real battleground right now and how foreign investors are being forced to sell US Treasuries to finance their energy deficits.The conversation explores shifting global power dynamics, with Gromen drawing direct parallels to the 1956 Suez crisis. He details the vulnerabilities of a 100 year sovereign debt bubble, the potential for an AI driven consumer credit crisis, and why trust in...
2026-03-1135 min
Kitco MININGDolly Varden Deal Adds Gold Cash Flow to Silver StrategyDolly 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...
2026-03-1115 min
Kitco MININGFrance Gold Project Shows “Many Millions of Ounces” Potential | Chris TaylorAquitaine 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...
2026-03-1115 min
Kitco NEWSWillem Middelkoop: Why $500 Silver is Possible as Comex Inventory Drops 30%Willem Middelkoop says the monetary reset is no longer a forecast. It is unfolding now.Speaking with Kitco News at PDAC 2026, the Founder and CEO of Commodity Discovery Fund reiterated his aggressive silver outlook. “It was 2021 when I called for $100 silver,” he said. “Now I'm calling for $500 silver.” Middelkoop argues that historical benchmarks still matter, noting the gold-silver ratio “traditionally has been one in 10 for over 2000 years,” while physical supply continues to tighten. He added, “If you look at the silver production in Peru, it's down 40% over the last five years.”Beyond price targets, Middelkoop believes the glo...
2026-03-1128 min
Kitco MININGSaudi Arabia Doubles Exploration, Opens 13,000 km² | Abdulrahman Al-BelushiSaudi 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...
2026-03-1119 min
Kitco MININGSilver47 Advances 168Moz Silver Resource at Alaska Red Mountain | Giordy BelfioreSilver47 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 earl...
2026-03-1014 min
Kitco MININGArgentina’s 350Moz Silver Project Eyes 2026 Build | John MiniotisAbraSilver 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 projec...
2026-03-1016 min
Kitco MININGGuanajuato Silver Moves to Fill 1,600 tpd Bolañitos Mill | AndersonGuanajuato 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 materi...
2026-03-1015 min
Kitco MININGTiernan Gold Advances 11 Moz Volcan Toward 2027 PFS | Chris TaylorTiernan 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...
2026-03-1012 min
Kitco MININGSilver’s Growing Role at Thesis Gold & Silver Project | Ewan WebsterThesis 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...
2026-03-0916 min
Kitco MININGOmai Advances 10Moz Project as Gold Strengthens | Elaine EllinghamOmai 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 g...
2026-03-0912 min
Kitco NEWSRick Rule: The Easy Silver Trade Is Over. The Real Money Is in StocksRick Rule says his silver position “as a speculation, has run its course,” and he is now looking for opportunity in equities, discoveries, and consolidation. Speaking with Kitco News at PDAC 2026, the President and CEO of Rule Investment Media explained why he exited physical silver after a major move. “I bought silver some years ago because it was hated,” he said. “I was wrong. It quadrupled.”Rule said he redeployed about half of the proceeds into silver stocks, arguing that parts of the equity market still reflect more conservative pricing than the metal itself. He also said the industry...
2026-03-0533 min
Kitco MINING2Moz Gold Discovery in Four Months of Drilling | Cor CoeSitka 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 deposi...
2026-03-0516 min
Kitco NEWS“We’re Consuming More Than We Produce” Silver Warning | Randy SmallwoodGold testing $5,400 is not a temporary surge; it reflects what Wheaton Precious Metals CEO Randy Smallwood describes as a structural shift in markets. Speaking with Kitco News at PDAC 2026, amid escalating Middle East tensions and a sharp move higher in oil, Smallwood said precious metals are entering a new phase driven by fiscal imbalances, currency concerns, and renewed demand for hard assets.“I do think 5,000 is a new base for gold,” Smallwood said. “Gold is a currency. It's been a currency forever.” He argued that the long-held view of the US dollar as the primary reference currency is being...
2026-03-0425 min
Kitco NEWSGold Surges on Middle East Escalation. Pullback Risk Ahead? | James ThorneRising tensions in the Middle East and a surge in oil prices sent gold briefly above $5,400, but Dr. James Thorne says investors should separate short-term shocks from long-term trends. Speaking with Kitco News at PDAC 2026, the Wellington-Altus Chief Market Strategist described the move as “a temporary spike if we're long-term investors,” adding that “in a bull market, you can have a 50% correction at any time and still have the secular bull market in place.”Thorne believes gold remains in a structural repricing cycle and reiterated, “By the end of the decade, I'm saying gold's gonna be 10,000.” However, he cautioned...
2026-03-0426 min
Kitco MININGMining Capital Markets Gain Momentum as Copper Leads | Ilan BaharBMO 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.Co...
2026-03-0318 min
Kitco MININGAmericas Gold and Silver Aligns With $12B Project Vault | Paul HuetAmericas 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 a...
2026-03-0319 min
Kitco MININGG2 Goldfields Says M&A Window Opens After Permitting | Daniel NooneG2 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 m...
2026-03-0312 min
Kitco NEWSThe Banks Have ‘Lost Control’: $300 Silver, India’s Bid & the End of Western Pricing - Eric SprottIn this Kitco News exclusive, Senior Anchor Jeremy Szafron sits down with billionaire investor and Sprott Inc. founder Eric Sprott to break down the unprecedented breakout in the precious metals market. With gold establishing a new normal above $5,227 and silver surging past $92 an ounce, Sprott details why the physical short squeeze is unfolding in real time.We dive deep into the recent CME Globex technical interruption, the drain on Western physical inventories, and why Eastern markets are now fully dictating global price discovery. Sprott also reveals the strategy behind his aggressive capital deployment, including his massive low 40...
2026-03-0230 min
Kitco NEWSThe "Pac-Man" Phase: Frank Holmes on Mining M&A and the Capital Flight to the U.S.As the global debt load hits a record $350 trillion, the financial system is facing a massive structural shift. In this deep dive, Jeremy Szafron, Senior Anchor at Kitco News, sits down with Frank Holmes, Executive Chairman of U.S. Global Investors and HIVE Digital, to map out the capital rotation into hard physical assets and the industrialization of the AI revolution.Holmes reveals why Bitcoin miners are now the "cheapest available data center capacity" for AI and how China’s $1.3 trillion "One Belt, One Road" initiative has become a geopolitical Trojan Horse. We also explore why silver ha...
2026-03-0240 min
Kitco NEWSUranium Supply Gap Deepens as Nuclear Demand Rises | Scott MelbyeA 50 million pound uranium deficit exists today, and Scott Melbye says it could expand dramatically in the years ahead as supply tightens and nuclear demand accelerates.Speaking with Kitco News at PDAC 2026, the Uranium Energy Corp Executive Vice President said, “The reality is we have a 50 million pound deficit in the near term, going to 1.7 billion pounds by 2045.” He argued that Western utilities are returning to long-term contracting after years of below-replacement buying, just as available supply narrows and new production remains years away. With uranium trading off its January 2026 high above $101 and the Russia ban fully kick...
2026-03-0220 min
Kitco MININGDiscovery Silver’s Tony Makuch Wins CEO of the YearDiscovery 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 beyo...
2026-03-0219 min
Kitco MININGBillion-Dollar Streams, 35% Growth, and a Royalty Repricing | Brett HeathMetalla 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 discu...
2026-03-0223 min
Kitco MININGCoeur Mining Makes “Massive Leap Forward” With New Gold | Mitch KrebsCoeur 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 prod...
2026-03-0213 min
Kitco MININGEquinox Nears Net Cash as 1Moz Gold Plan Advances | Darren HallEquinox 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 qua...
2026-03-0223 min
Kitco MININGAllied Gold Agrees to C$5.5B All-Cash Sale to Zijin Mining | Peter MarroneAllied 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 Toro...
2026-03-0219 min
Kitco MININGC$409M Raise Positions Marimaca for 2026 Construction | Hayden LockeMarimaca 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 Ma...
2026-03-0217 min
Kitco MININGWesdome Targets 400–500k oz After Record 185k Production | Anthea BathWesdome 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 a...
2026-03-0213 min
Kitco MININGFortuna Expands in West Africa as Output Targets Rise | Luis GanozaFortuna 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 bac...
2026-03-0222 min
Kitco MININGVicuña Advances 38Mt Copper District Toward 2026 FID | Ron HochsteinVicuña 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 priv...
2026-02-2715 min
Kitco MININGVale Base Metals Eyes 700,000-Ton Copper as IPO Plans Accelerate | Shaun UsmarVale 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...
2026-02-2623 min
Kitco MININGNew Gold Extends Rainy River to 2035 After 99% Vote for Coeur DealNew 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 alon...
2026-02-2619 min
Kitco MININGFirst Majestic Doubles Dividend, Eyes Growth to 50M Ounces | Keith NeumeyerFirst 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 tar...
2026-02-2622 min
Kitco MININGLundin Unveils 70-Year Copper Giant, Targets Top Five Global Scale | Jack LundinLundin 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 g...
2026-02-2521 min
Kitco MININGCollective Targets 5–7 Moz Resource After Major Ramp Intercept | Ari SussmanCollective 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 continui...
2026-02-2516 min
Kitco MININGLunR Royalties Secures $670M Silver Stream on Fruta del Norte | Adam LundinLunR 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 L...
2026-02-2412 min
Kitco MININGB2Gold Founder Clive Johnson to Step Down as CEO in JuneB2Gold (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 modifi...
2026-02-2413 min