Shows
Digging DeepCopper Downgrades, Gold at $5,000, and the Risks Investors Miss | Joe MazumdarJoe Mazumdar, Editor of Exploration Insights, joins Kitco Mining’s Digging Deep, to break down a pivotal stretch for mining as copper consolidation stalls, major producers downgrade output, and gold trades above $5,000 per ounce.On Rio Tinto walking away from Glencore, Mazumdar says, “It’s almost cheaper to merge and generate more copper for the combined entity than it is to build a new project,” highlighting how capital intensity and permitting delays are reshaping the copper growth playbook. He explains why lower grades, aging infrastructure, and technical constraints are pressuring guidance across the sector.Turning to gold...
2026-02-1343 min
Kitco NEWSSilver’s Final Phase: Why $100 Was Only the Beginning | David MorganSilver is witnessing a profound structural shift as the physical market begins to exert dominance over paper pricing mechanisms. In this deep-dive interview, recorded on February 11, 2026, Jeremy Szafron, Anchor of Kitco News, sits down with David Morgan, publisher of The Morgan Report, to analyze the "plumbing" of the global silver market.Morgan breaks down the sustained $10 Shanghai premium, the impact of the CME’s margin hikes on COMEX volatility, and why the silver market is entering a "cash-only" phase. They also discuss the massive 40-million-ounce silver accumulation in India and why platinum is currently offering a rare 25-y...
2026-02-1251 min
Kitco NEWSSilver Collapses 10.5%: Forensic Autopsy of the $75 Flush with Robert GottliebGold and silver were hit by a sharp liquidation, with silver plunging more than 10% intraday and gold falling nearly $150 before stabilizing. Jeremy Szafron speaks with former JP Morgan bullion desk executive Robert Gottlieb to break down what drove the move.Gottlieb argues the selloff was structural, not conspiratorial. With gold rising from $2,600 to around $5,000 and silver surging from $28 to above $70, volatility mechanically reduced allowable position size across banks and funds. “The allowable positions based on navar become significantly small,” he explains, as value-at-risk limits tightened and banks stepped back from warehousing risk. In a crowded, leveraged trade, “sellin...
2026-02-1244 min
Kitco NEWSEXCLUSIVE: Texas Launches Gold Coins: More Than Just Commemorative?In this Kitco News exclusive, Jeremy Szafron sits down with Josh Phair, CEO of Scottsdale Mint, live from the Texas State Capitol to break down a historic shift in state level finance. Texas has officially launched its own state branded gold and silver bullion program, integrating physical metal directly into the state economy through a first of its kind dot gov storefront.Phair explains the mechanics of the new program, including the issuance of official Texas gold bills and commemorative coins tied directly to the Texas Bullion Depository. With gold pushing 5,100 dollars and silver at 83 dollars, this...
2026-02-1131 min
Kitco NEWSPlatinum to Retake Gold’s Premium? Why It’s The ‘Next Metal To Move’The US economy is flashing contradictory signals. While consumer retail sales have stalled and delinquency rates hit near-decade highs, financial assets are moving at historic speeds. US equity markets are seeing daily turnover surpass $1 trillion, and gold is holding firm in the $5,000 range.Will Rhind, Founder and CEO of GraniteShares, joins Jeremy Szafron to explain why this disconnect is happening and who is actually driving the volume. Rhind argues that the US has become the global liquidity sink for the world's capital, with international investors forced to trade US names to access the AI trade. He also...
2026-02-1035 min
Kitco MININGInside the Metals Bull Market and the Return of Mining Capital | John FeneckJohn Feneck, Founder & CEO of The Feneck Commodities Report, joins Kitco Mining’s Digging Deep with Paul Harris as gold and silver experience violent volatility following a historic surge. With prices pulling back sharply, Feneck argues the move does not invalidate the trend. “We’re in a bull market,” he said, stressing that sharp drawdowns are now part of a new trading reality.Feneck reacts to breaking news around President Donald Trump’s nomination of Kevin Walsh to replace Jerome Powell as Fed chair, explaining why rate policy, a weakening U.S. dollar, and purchasing power matter for precio...
2026-02-1023 min
Kitco MININGThesis Gold Lays Out Feasibility and Permitting Timeline | Ewan WebsterThesis Gold (TSXV: TAU; OTCQX: THSGF) President and CEO Ewan Webster joins Kitco Mining’s Investment Trends with Paul Harris to discuss advancing the Lawyers-Ranch gold-silver project in British Columbia’s Toodoggone District following a pre-feasibility study released in December. Webster said, “We really wanted to let the project speak for itself, and I think it very much did that.”The PFS outlines a 15-year mine averaging about 187,000 oz of gold equivalent per year at an all-in sustaining cost of roughly $1,185 per oz, based on conservative metal prices. Webster explains how grade, mine sequencing, and a brownfield developm...
2026-02-1023 min
Kitco MININGDiscovery Silver Lays Out Path to 500K–750K Gold Ounces | Mark UttingMark Utting, Senior Vice President of Investor Relations at Discovery Silver, joins Kitco Mining to explain how the company is generating gold cash flow in Canada while advancing one of the world’s largest undeveloped silver projects in Mexico.Discovery produced more than 66,000 ounces of gold in Q4 2025 and about 180,000 ounces from the April acquisition close through year end at the Porcupine complex in Northern Ontario. With more than $410 million in cash, no debt, and access to a $250 million revolving credit facility, the company is reinvesting cash flow to scale production toward 500,000 to 750,000 ounces per year over th...
2026-02-1019 min
Kitco MININGHow Higher Silver Prices Are Reshaping Developers | Joaquín MariasArgenta Silver (TSXV: AGAG; OTCQB: AGAGF; FSE: T1K) President and CEO Joaquín Marias joins Kitco Mining’s Investment Trends with Paul Harris to discuss how higher silver prices are influencing project strategy and exploration priorities for developers and explorers. Marias points to Argentina’s pro-mining shift under President Javier Milei as a key factor improving confidence around policy direction and long term investment. “There is no way to go back to what it was before,” he said.Marias outlines Argenta’s approach at El Quevar, where the company is advancing toward a new mineral resource estimate wh...
2026-02-1022 min
Kitco MININGWhy Gold Stocks Are Undervalued on an Ounce-in-the-Ground Basis | Greg KoffordGreg Kofford, Founder and CEO of Sorbie Bornholm, says geopolitical uncertainty continues to underpin precious metals. Speaking with Kitco Mining at the 2026 Vancouver Resource Investment Conference, Kofford said, “Precious metals respond to angst, fear consternation in the marketplace,” adding that silver’s recent strength followed a long period of underperformance relative to gold. He warned that a sharp reduction in political uncertainty could pressure prices.Kofford outlined Sorbie Bornholm’s differentiated investment model, which provides additional capital as share prices perform without shareholder dilution. “We actually have a structure that gives companies more money as their stock price perf...
2026-02-1015 min
Kitco MININGNewcore Gold Pushes Enchi Forward as Exploration Upside Grows | Luke AlexanderNewcore Gold (TSXV: NCAU) President and CEO Luke Alexander joins Kitco Mining’s Investment Trends with Paul Harris at VRIC 2026 to discuss advancing the Enchi gold project in Ghana’s Bibiani Shear Zone and how higher gold prices are shaping development decisions across Africa.Alexander says the company has expanded drilling to 45,000 m but is “still just scratching the potential across our entry project,” with more than 25 targets identified and only nine drilled so far. Recent high-grade results, including visible gold, are helping validate the geological model and support the potential for feeder zones similar to those that hav...
2026-02-1025 min
Kitco MININGSilver’s Breakout Is Reshaping Silver Valuations | Jim McDonaldKootenay Silver (TSXV: KTN; OTCQX: KOOYF) President and CEO Jim McDonald joins Kitco Mining’s Investment Trends with Paul Harris to explain why the silver bull market is forcing a rethink on valuations and why developers with scale are positioned for a catch-up move. McDonald says Kootenay’s approach is to build value by de-risking its assets while keeping strategic options open, adding, “we aim to be a seller.”McDonald discusses progress at the Columba Project in Chihuahua, Mexico, where Kootenay delivered a maiden inferred resource of 54 Moz silver grading 284 g/t and is drilling 50,000 m to expand w...
2026-02-1038 min
Digging DeepAre Gold Miners Leaving Value Undisclosed? | Neil AdsheadNeil Adshead, Consultant Analyst at the Commodity Discovery Fund, joins Kitco Mining’s Digging Deep with Paul Harris to examine how new US policy initiatives and price volatility are shaping mining and critical minerals in 2026. Discussing the Trump administration’s $12 billion “Project Vault” initiative and Vice President JD Vance’s proposal for enforceable price floors, Adshead explains how smaller commodity markets can experience extreme price swings that complicate financing decisions.Adshead also discusses why higher gold prices are prompting producers to reassess mine plans, expansions, and reserve assumptions, while new supply remains slow to respond. Pointing to World Gold...
2026-02-1030 min
Kitco MINING$6 Copper Still Isn’t Enough to Spark New Mine Development | Aurora DavidsonAurora Davidson, president and CEO of Amerigo Resources, says copper prices near $6 per pound still fall short of incentivizing large-scale new mine development, underscoring how tight the global supply picture remains. Speaking with Kitco Mining at the VRIC 2026, Davidson said, “it doesn’t offset the risks involved in developing new copper mines,” pointing to high capital costs, long timelines, and permitting challenges that continue to slow new supply.Davidson said tailings reprocessing stands out as one of the few practical, near-term ways to increase copper output, allowing producers to extract value from existing operations rather than build new mi...
2026-02-1024 min
Kitco MININGWhy High Prices Are Creating New Problems for Mining CompaniesNicole Adshead-Bell, director of Cupel Advisory, says the precious metals bull market is still in its early stages, with generalist investors largely absent despite sharply higher prices. Speaking with Kitco Mining’s Digging Deep at the VRIC 2026, Adshead-Bell said, “we are generating so much cash, what do we do with that cash?” as gold producers prepare to report sharply stronger margins and free cash flow.Adshead-Bell said valuation frameworks across the sector remain structurally broken, with consensus pricing and reserve assumptions lagging well behind spot and forward markets. She argued that companies are often forced to make capita...
2026-02-1026 min
Kitco NEWSChina Ban Triggers 100% Gain: Why This Critical Metal Doubled In 90 DaysWhile the White House launches "Project Vault" and the Treasury talks down gold prices as a "speculative blow off," major banks are quietly raising their targets to record highs. John Feneck of Feneck Consulting joins Jeremy Szafron to expose the massive disconnect between Washington’s rhetoric and Wall Street’s bets.Feneck breaks down the "insane" 100% price explosion in Tungsten following China's export ban on January 1st, 2026. He identifies the specific US defense stocks poised to benefit from this critical shortage and explains why the recent 29% "flush" in Silver was a margin-driven gift for smart investors....
2026-02-1026 min
Kitco MININGCabral Gold Advances Brazil Mine After Securing $45M US | Alan CarterCabral Gold Corp. (TSXV: CBR) President and CEO Alan Carter joins Kitco Mining’s Investment Trends with Paul Harris to discuss Cabral’s move into production at its Cuiú Cuiú gold district in Brazil, following a construction decision and secured project financing.Carter said the company is building its phase one oxide operation and expects to declare commercial production in the fourth quarter of this year. A pre-feasibility study released in July 2025 outlined a starter mine producing roughly 18,000 to 19,000 oz of gold per year. “We modeled the project at a gold price of $2,500 an ounce,” Carter said, noting the...
2026-02-0928 min
Kitco NEWSGary Wagner: Silver’s 'Liquidation Event' Tested $71 Support - Here is What Happens NextSpot silver witnessed a massive liquidation event today, plunging double-digits and testing critical structural support in the low $70s. In this exclusive technical breakdown, Gary Wagner, Editor of The Gold Forecast, joins Jeremy Szafron to analyze the damage.Wagner identifies the $71 level as the "line in the sand" that must hold to keep the bull trend alive. He explains the massive divergence between silver’s volatility and gold’s relative strength, describing silver as "a candle that burns twice as bright but burns half as long." Despite the carnage, Wagner maintains his bullish outlook, updating his year-end gold...
2026-02-0626 min
Kitco NEWS"The Sobering Up Phase": Why Ted Oakley Says A 15% Sell-Off Is PossibleTed Oakley, Founder and Managing Partner at Oxbow Advisors, returns to Kitco News to discuss what he calls the market's "sobering up" phase. With jobless claims hitting winter highs and major tech stocks surrendering value, Oakley argues that we are witnessing a fundamental "changing of the guard." He explains why he believes the AI boom has turned "cash generating machines into capital investment machines," leveraging balance sheets to dangerous levels.Oakley breaks down the "bifurcated situation" where Wall Street bonuses hit records while the average consumer "can't borrow any more money." He details his strategy for navigating...
2026-02-0636 min
Kitco MININGWith Capital in Place, Outcrop Silver Shifts to Execution | Ian HarrisOutcrop Silver (TSX: OCG; OTCQX: OCGSF; FSE: MRG) CEO Ian Harris joins Kitco Mining’s Investment Trends with Paul Harris to discuss how silver’s late January surge is reshaping the outlook for primary silver explorers, even as equity valuations lag the metal. Harris says Outcrop’s asset base has not changed, but its ability to execute has, noting, “I have two years of runway,” something he says he has not had in more than 12 years following recent institutional investment.Harris outlines an accelerated strategy at the Santa Ana project in Tolima, Colombia, where Outcrop has four drills run...
2026-02-0618 min
Kitco NEWSCavatoni: The Real Shock Wasn't the Correction, It Was the 'Unsettling' 30% Melt-Up in JanuaryThe market is repricing risk as capital rotates from the "Paper Economy" of tech stocks into the "Managed Economy" of strategic hard assets. In this episode of Kitco News, Anchor Jeremy Szafron is joined by Joe Cavatoni, Market Strategist for the World Gold Council, to break down the massive discrepancy in central bank gold buying data.While official IMF data reports approximately 326 tonnes of net buying for 2025, Cavatoni reveals that the "true" demand—including unreported OTC flows—is tracking closer to 680 tonnes. They discuss why sovereigns are "going dark" with their accumulation, the implications of the "Project Vaul...
2026-02-0523 min
Kitco NEWSBitcoin Pullback Exposes Fear as Long-Term Conviction Holds | Randi HipperBitcoin is struggling to find a firm floor after a sharp pullback that has pushed prices back into the $75,000 to $78,000 range and shifted sentiment toward extreme fear. While some traders warn the move could signal a deeper breakdown, Randi Hipper, also known as @MissTeenCrypto , says the volatility fits Bitcoin’s historical pattern and does not change its long-term outlook.Speaking with Kitco News, Hipper described the selloff as typical for Bitcoin and framed the asset as a generational investment rather than a short-term trade. “Overall, it’s a roadmap to $1 million Bitcoin,” she said, adding, “I believe this is jus...
2026-02-0514 min
Kitco MININGPeter Krauth on Why Silver Mining Valuations Haven’t Caught UpPeter Krauth, author of The Great Silver Bull and editor of Silver Stock Investor, says the silver market has entered a structurally different phase driven by persistent supply deficits and rising industrial demand. Speaking with Kitco Mining at the 2026 Vancouver Resource Investment Conference, Krauth said, “The fundamentals of the market have just changed completely.”Krauth pointed to consecutive years of supply deficits, flat mine production, and continued inventory drawdowns as key constraints on the market. “The demand is high. Supply is flat. There’s essentially no prospect for more silver to start to come to market,” he said. He a...
2026-02-0430 min
Kitco MININGGold’s Rally Is Different as Central Banks and Investors Align | Michael GentileMichael Gentile, founder of Bastion Asset Management and a strategic investor in junior mining, says the current surge in gold reflects a structural shift driven by both central banks and financial investors. Speaking with Kitco Mining at the VRIC 2026, Gentile said, “it’s the first time we’ve seen both central banks and financial players buying at the same time,” arguing this dual demand dynamic is driving a long-overdue repricing in precious metals.Gentile said earlier gains in gold were driven largely by central bank buying, while traditional financial investors were mostly absent. He said that has now chan...
2026-02-0413 min
Kitco MININGGold’s Bull Market Is About Debt, Not Speculation | Ronald-Peter StöferleIncrementum AG managing partner Ronald-Peter Stöferle says the surge in precious metals reflects a structural bull market rather than speculative excess. Speaking with Kitco Mining at the VRIC 2026, Stöferle said, “we’re in a bull market, we’re not in a bubble yet,” arguing gold’s strength is driven by a monetary revaluation tied to rising debt levels, persistent inflation, and financial repression. While corrections are inevitable, he said gold remains inexpensive when measured against global debt.Stöferle pointed to central banks as a key pillar of demand, noting they have been buying “roughly a thousand tons...
2026-02-0425 min
Kitco MININGWest Red Lake Turns Madsen Into a Producing Gold Mine | Shane WilliamsWest Red Lake Gold Mines (TSXV: WRLG) President and CEO Shane Williams joins Kitco Mining’s Investment Trends with Paul Harris at VRIC 2026 to discuss the company’s transition into commercial production at the Madsen Mine in Ontario’s Red Lake Gold District. Williams explains that commercial production reflects stable operations following ramp-up. “Once you get to that stability, you’re set and that’s where you declare commercial production,” he said.Williams outlines a ramp-up toward 60,000 to 65,000 oz of gold per year and explains how West Red Lake rebuilt confidence in the asset through more than 180,000 meters of unde...
2026-02-0412 min
Kitco MININGDon Durrett on the Real Driver Behind the Metals Bull MarketDon Durrett, author and founder of GoldStockData, says the current metals bull market should be viewed as a full-cycle opportunity rather than a short-term trade. Speaking with Kitco Mining at the 2026 Vancouver Resource Investment Conference, Durrett explained that the core driver behind gold and silver is the growing fragility of the US bond market, which he views as the ultimate catalyst for higher precious metals prices. “It’s a cash business, so I focus on free cash flow,” he said.Durrett said mining stocks remain early in the cycle based on valuation, arguing that free cash flow multip...
2026-02-0423 min
Kitco MINING“There’s No Bubble in Metals. The Bubble Is the Dollar” | Willem MiddelkoopWillem Middelkoop, founder and CEO of Commodity Discovery Fund, says the metals bull market reflects a structural shift driven by currency debasement and rising geopolitical risk. Speaking with Kitco Mining at the 2026 Vancouver Resource Investment Conference, Middelkoop rejected the idea that metals are in a bubble. “There’s not a bubble in the metals. There’s a bubble in the dollar,” he said.Middelkoop said silver stands out due to persistent supply constraints and the risk of a short squeeze, while mining equities continue to lag physical metals. He noted that silver producers are trading at valuation levels l...
2026-02-0421 min
Digging DeepRick Rule on Debt, Inflation, and the Real Drivers of the Gold MarketRick Rule, President & CEO of Rule Investment Media, joins Kitco Mining’s Digging Deep with Paul Harris to explain why he believes the strength in precious metals reflects a long-term erosion in purchasing power, not a short-term cycle. Rule argues that gold performs best when confidence in fiat-denominated savings breaks down, noting “a gold bull market and conversely a bond bear market has been underway since the year 2000,” driven by persistent negative real interest rates and growing fiscal strain.Rule also explains why he reduced his physical silver exposure and rotated into silver equities, arguing the opportunity now li...
2026-02-0442 min
Kitco NEWSGold’s $500 Intraday Swing: A 'Liquidity Flush' or Market Repricing?Gold and silver just suffered their first major volatility shock of the year, with gold swinging nearly $500 in a single session and silver whipsawing violently. While some see a breakdown, Danielle DiMartino Booth says the move looks less like a top and more like a liquidity flush clearing leverage from the system.Speaking with Kitco News, the CEO and Chief Strategist of QI Research said markets that move parabolically “need healthy breathers,” warning that margin calls can spread quickly as stress rises across equities, credit, and commodities. She said the turbulence is coinciding with renewed credit stress, noti...
2026-02-0413 min
Kitco NEWSWhy Silver Supply Cannot Respond to Higher Prices | Keith NeumeyerSilver and gold are no longer flirting with historic levels. They are holding them. And Keith Neumeyer says that matters far more than the numbers on the screen.Speaking with Kitco News at VRIC 2026 in Vancouver, the First Majestic Silver CEO says the market has crossed into “a new pricing paradigm,” after decades shaped by paper-driven trading. He argues the shift is being driven by physical tightness and demand that are now overpowering traditional paper pricing.Neumeyer points to years of underinvestment and flatlined mine supply. For the first time in his career, he says, “the ph...
2026-02-0421 min
Kitco NEWSMining Titans Exclusive: Beaty & Quartermain on the Next Big M&A WaveGold is at a new record level, and silver has seen extreme intraday moves, forcing a long-standing question back to the surface for mining investors. Speaking with Kitco News at VRIC 2026 in Vancouver, Ross Beaty and Bob Quartermain discuss whether this price action can finally drive a sustained rerating across mining equities or repeat a familiar cycle where metals surge and miners lag.Beaty, Chairman of Equinox Gold, draws a clear distinction between gold and silver. He calls the silver market “very frothy, very bubbly,” and “overblown” in a market that is “about 10% the size of the gold marke...
2026-02-0431 min
Kitco NEWSSilver Supply Is Strained as Fiat Falters | Robert KiyosakiGold and silver are not just hitting records, Robert Kiyosaki says they’re revealing a deeper shift in how money, debt, and trust are being repriced.Speaking with Kitco News at VRIC 2026, the Rich Dad Poor Dad author weighed in as gold trades above $5,000 and silver holds triple digits. Kiyosaki argued that silver’s move reflects structural pressure, not speculation, calling it “the information age’s metal” and the backbone of modern technology as AI demand accelerates. He warned that silver supply is constrained and difficult to expand, adding, “You can’t find it. That’s the big news.”
2026-02-0419 min
Kitco NEWSWhy Gold Is Running Now While Bitcoin Waits | Mark MossGold has surged to new highs while Bitcoin has pulled back, and Mark Moss says the divergence is not a contradiction. It is the signal.Speaking with Kitco News at VRIC 2026 in Vancouver, Moss, host of The Mark Moss Show and Partner at the Bitcoin Opportunity Fund, challenges the idea that gold’s rally is simply an inflation or debasement trade. He points out that “from 2020 to 2024, the gold price didn’t go anywhere at all,” despite unprecedented money printing, asking, “if it’s really about inflation, and if it’s really about debasement, then why didn’t it move off of...
2026-02-0430 min
Kitco NEWS‘Volatility Is Different From Risk’: How to Manage the Metals Cycle | Adrian Day“We are so far from a top.” Adrian Day says the gold market has not reached a speculative peak, pointing to investor positioning and participation rather than price action. Speaking with Kitco News at VRIC 2026, the chairman and CEO of Adrian Day Asset Management argued that market behavior still reflects caution, not euphoria.Day said the absence of broad public involvement remains the clearest signal. “The generalist investor simply isn’t in this market yet,” he said, noting continued withdrawals from major gold mining ETFs. Without widespread participation, Day said, markets rarely form lasting tops.He also dr...
2026-02-0430 min
Kitco NEWS“The Physical Market Is Taking Over the Paper Market” | Nomi PrinsGold and silver are commanding attention, but Dr. Nomi Prins says the more important shift underway is structural, not cyclical. Rising debt stress, institutional friction, and supply constraints, she argues, are reshaping how capital moves through the global financial system.Speaking with Kitco News at VRIC 2026, the geo-macro economist and Prinsights Global founder said, “we are really in the beginning of a major super cycle in commodities,” driven not only by uncertainty but by shortages that “you can’t just snap your fingers and have them go away.” She said metals such as silver, copper, and platinum face long...
2026-02-0426 min
Kitco NEWS‘Something Fishy’ At Fort Knox: Giustra on The US Audit & Hidden Gold FlowsIs the paper gold market finally breaking? Frank Giustra, CEO of the Fiore Group, joins Anchor Jeremy Szafron to break down the recent market volatility, calling the flash crash a calculated "take down" and a "liquidity event." Giustra argues that after 50 years of dominance, the paper market is "losing its efficacy" as pricing power shifts to physical delivery in Asia.In this deep dive, Giustra warns that the US is living on "borrowed time" as the national debt spirals, predicting that the "end of the time of fiat" is inevitable. He analyzes the White House's new "Project...
2026-02-0348 min
Kitco NEWSBond Markets Are Breaking and Gold Is Telling You First | Matthew PiepenburgGold has surged past $5,000 and silver is extending its move beyond $100, but Matthew Piepenburg says the real story is not metal prices. It is the accelerating breakdown of trust across global bond and currency markets.Speaking with Kitco News at VRIC 2026 in Vancouver, Piepenburg, Partner at Von Greyerz, points to rising yields in Japan, the US, and Europe as a clear warning sign. “The bond market is the thing you have to understand,” he said. “Yields are the cost of debt.” When yields rise even as central banks step in, Piepenburg argues it shows sovereign IOUs are being re...
2026-01-2735 min
Kitco NEWSRandy Smallwood on Wheaton’s $3B War Chest and What Comes NextWheaton Precious Metals is trading at record highs, and CEO Randy Smallwood says the company is positioned to extend that performance as rising costs pressure traditional miners.Speaking with Kitco News anchor Jeremy Szafron at VRIC 2026 in Vancouver, Smallwood explains why the streaming model is designed to outperform in a high-price environment. “We take the cost risk outta the investment,” he said, noting that fixed streaming contracts protect Wheaton from inflation and dilution as operators are forced to mine lower-grade material and issue equity to fund growth.Smallwood also discusses Wheaton’s newly secured Helo gold s...
2026-01-2623 min
Kitco NEWSPeak Silver Until 2030: Why Mine Supply Won't Top 2016 Levels for 5 Years | Phil BakerSilver has crossed $100, and longtime mining executive Phil Baker says the move signals a structural break in the market.Speaking with Kitco News anchor Jeremy Szafron at VRIC 2026 in Vancouver, Baker, former CEO of Hecla Mining and former chairman of the Silver Institute, said the surge is being driven by physical demand, not speculation. “Physical is king,” Baker said, as exchanges, manufacturers, governments, and investors prioritize inventory and access to real metal over paper claims.Baker said global silver production peaked in 2016 and is unlikely to exceed that level before at least 2030, leaving supply unable to r...
2026-01-2620 min
Kitco MININGGold Miners Show New Discipline as Prices Rise, Says Eldorado’s PresidentChristian Milau, President of Eldorado Gold (TSX: ELD; NYSE: EGO), joins Kitco Mining’s Paul Harris at the Future Minerals Forum 2026 to discuss leadership transition, capital discipline, and a major shift in the company’s cash generation profile.Milau says that despite strong gold prices, gold equities have not yet attracted the level of generalist interest he would have expected. He argues this cycle differs from past gold booms, with producers operating more conservatively and prioritizing balance sheet strength and shareholder returns over aggressive expansion. At Eldorado, that discipline is reflected in share buybacks already underway and the...
2026-01-2517 min
Kitco NEWSLynette Zang Says The New "Italian Blueprint" Signals Gold Confiscation Is BackIs the era of the "Rule of Law" over? Analyst Lynette Zang @TheLynetteZang warns that the world has shifted to a "Rule of Might" following the US seizure of Venezuelan oil and Russian vessels. In this critical 2026 outlook, Zang joins anchor Jeremy Szafron to break down why the banking system is "all underwater," why a "full bail-in" is the next logical step, and the specific "Italian Blueprint" that signals gold confiscation is back on the table.Zang also reveals the "fundamental math" that she argues puts the true value of gold at $40,000 and silver at $2,000. Is the cu...
2026-01-2451 min
Kitco NEWSSilver Pullback or Breakdown? The Chart Lines That Decide | Gary WagnerAs the Bloomberg Commodity Index rebalancing kicks off a 5-day "mechanical shakeout" in the markets, Silver is under pressure while Gold refuses to break structure. Is this the start of a deep correction, or a massive trap for short sellers?In this technical analysis deep dive, Gary Wagner of TheGoldForecast.com joins Jeremy Saffron to separate the noise from the trend. Wagner argues that despite the volatility, we have not seen a "true" technical correction (23%+) in months. He breaks down why the current price action is just a "tiny dip" in a supersonic bull market and issues...
2026-01-2421 min
Kitco MININGExploration Success Adds Upside to Montage Gold’s Kone Project | Martino DiCiccioMontage Gold Corp. (TSX: MAU; OTCQX: MAUTF) CEO Martino DiCiccio joins Kitco Mining’s Paul Harris at the Future Minerals Forum 2026 to discuss construction progress at the company’s Kone Gold Project in Côte d’Ivoire, one of the largest gold mine developments currently underway.The $860 million Kone project is expected to produce more than 300,000 oz per year during the first eight years of a 16-year mine life. DiCiccio says construction is advancing faster than planned following the addition of an oxide circuit, stating, “We expect to be in production by later this year,” earlier than previous gu...
2026-01-2312 min
Kitco MININGGold’s Demand Story Has Broadened Beyond Central Banks | David TaitGold’s rally is being driven by deeper structural forces than short-term headlines. Speaking with Kitco Mining’s Paul Harris at the Future Minerals Forum 2026 in Riyadh, World Gold Council CEO David Tait explains why demand for gold has broadened and what could ultimately change the trend.Tait says central bank buying remains an important foundation, with purchases still close to 1,000 tonnes, but argues gold’s role is increasingly portfolio-driven. He points to shifts in Japan’s investor base, rapid growth in India’s gold ETF market, and regulatory changes allowing Chinese insurers to allocate to gold, opening a...
2026-01-2218 min
Kitco MININGWhy Copper’s Rally Is Different This Time | Rob McEwenMcEwen Mining (NYSE: MUX; TSX: MUX) Executive Chair and Chief Owner Rob McEwen joins Kitco Mining’s Paul Harris at Future Minerals Forum 2026 in Riyadh as copper trades near $6 per pound.McEwen says copper’s surge is being driven by excitement around future uses and a growing shortage of supply. He points to AI, electrification, energy infrastructure, long lead times, and the scarcity of major discoveries as structural forces reshaping the market, noting that for new copper projects, “it might take you 15 years” to move from discovery to production.He highlights McEwen Copper’s Los Azules pro...
2026-01-2216 min
Kitco NEWSBitcoin Whipsaws Around $90K: Why The Bull Run Is Stalled | Kyle ChasséBitcoin is flashing a critical signal that historically hits 97% of the time - but is the macro environment about to invalidate it? Kyle Chassé @KyleChasseCrypto joins Jeremy Szafron, Anchor of Kitco News, to break down the collision between the crypto markets and the broader economic landscape.In this interview, Chassé analyzes the immediate market reaction to the latest Presidential speech and the looming uncertainty stemming from the Supreme Court and Federal Reserve. The conversation explores the "Clarity Act," the reality of institutional positioning, and why Bitcoin is facing specific resistance levels despite the bullish narrative surrounding Trump's econ...
2026-01-2232 min
Kitco MININGNorthern Graphite Targets 2028 Production With $200M Saudi Anode ProjectNorthern Graphite (TSXV: NGC) CEO Hugues Jacquemin joins Kitco Mining’s Paul Harris at Future Minerals Forum 2026 in Riyadh just minutes after signing a $200 million agreement to build a battery anode materials plant in Saudi Arabia.Jacquemin outlines how the joint venture with Obeikan Investment Group came together after a year of work, saying, “We spent about a year working together on crafting the deal.” Phase one is designed to produce about 25,000 tons per year of battery anode material, is fully scalable, and targets a final investment decision in Q3 2026, with production expected by early 2028.The pl...
2026-01-2118 min
Kitco MININGRising Demand and Tight Supply Reshape the Copper Market | Tristan PascalFirst Quantum Minerals (TSX: FM; OTCQX: FQVLF) President and CEO Tristan Pascal joins Kitco Mining’s Paul Harris at Future Minerals Forum 2026 in Riyadh as copper trades near $6 per pound.Pascal explains that copper is increasingly being driven by a structural gap between supply and demand. Electrification, renewable energy, electric vehicles, data centers, and AI-driven grid upgrades are accelerating consumption, while new supply remains difficult to bring online. He highlights how tight the market has become, noting, “The world has seven to 21 days of copper on the shelf at any one time.”He outlines why higher...
2026-01-2125 min
Kitco MININGCritical Minerals Move to the Center of US National Security Strategy | Dominic RaabDominic Raab, Head of Global Affairs at Appian Capital Advisory, joins Kitco Mining’s Paul Harris at Future Minerals Forum 2026 in Riyadh to discuss how geopolitics and national security are reshaping global critical minerals supply chains.Raab says supply concentration and export controls have driven a tougher US response, noting “there is a galvanization of action coming out of Washington DC in response to the bottlenecks of supply that we've seen because of the high levels of concentration.” He explains why critical minerals are now viewed as a defense and industrial priority, not just a trade issue.
2026-01-2113 min
Kitco NEWSDr. Mark Thornton Warns 'Fiat Is In The ICU' And Central Banks Do Not Trust Each OtherRay Dalio warns the monetary order is breaking down, and Dr. Mark Thornton says the fiat system is now in the "Intensive Care Unit." In this interview, Kitco News anchor Jeremy Szafron sits down with Dr. Mark Thornton, Senior Fellow at the Mises Institute, to break down why central banks are fleeing Treasuries for physical gold and what the "Skyscraper Curse" signals for a 2026 crash.They discuss the massive 150-ton gold purchase by Poland, a strategic move by a NATO ally that signals a loss of trust in the debt-based system. Dr. Thornton also exposes a critical...
2026-01-2155 min
Kitco MININGHighlander Silver Reaches $730M Market Cap After Bear Creek AcquisitionHighlander Silver (TSXV: HSLV) President and CEO Daniel Earle joins Kitco Mining’s Investment Trends with Paul Harris to break down silver’s explosive move into the end of 2025 and the company’s decision to scale aggressively into the next phase of the cycle. With silver up roughly 170% last year and far outperforming gold, Earle says the move follows the typical structure of precious metals bull markets. “Silver begins to play catch-up and then take over leadership and really start to outperform,” he said.Earle points to persistent supply deficits, rising demand from solar, electrification, and AI, and tight...
2026-01-1534 minKitco MININGDebt, Currency Debasement, and Why Gold Still Wins in 2026 | David GarofaloGold Royalty (NYSE American: GROY) CEO and Chairman David Garofalo joins Kitco Mining’s Paul Harris to outline why the macro forces driving gold higher remain firmly in place as 2026 begins, and how those dynamics are reshaping the royalty and streaming sector.Garofalo links gold’s strength to decades of currency debasement, record global debt, and persistently negative real interest rates, arguing policymakers have few options left beyond devaluing fiat currencies. “Gold is the one monetary instrument that can't be debased,” he said, adding that with real yields still negative, there is little opportunity cost to holding gold ver...
2026-01-1218 minKitco MININGCollective Mining Up 265% in 2025 as Apollo Expands at Depth | Ari SussmanCollective Mining (TSX: CNL; NYSE American: CNL) Executive Chair Ari Sussman joins Kitco Mining’s Investment Trends with Paul Harris to reflect on a breakout 2025 and outline what could drive the next phase at the Guayabales Project in Colombia. At Apollo, Sussman explains that the discovery of the deeper RAMP zone has reignited growth at depth with higher-grade, bulk-style mineralization after the system appeared to be nearing its limits. “So we’re in growth mode, and this thing’s getting bigger and better,” he said.Looking ahead, Collective plans to drill up to 100,000 meters in 2026, aiming to deliver a...
2026-01-1224 min
Kitco NEWSPower Now Drives Markets as the Old Economic Order Breaks Down Says Axel MerkWith Silver breaking the $80 level and Copper testing $6, the commodity markets are signaling a structural shift that defies standard economic models. Jeremy Szafron, Anchor of Kitco News, sits down with Axel Merk, President of Merk Investments, to discuss why the post-WWII economic order has officially collapsed and has been replaced by a volatile new era of "State Activism."Merk argues that traditional market signals—like yield curves and P/E ratios—are failing because global asset prices are now driven by raw power dynamics rather than free-market efficiency. In this deep dive, we explore why the global trad...
2026-01-0750 min
Kitco MININGGold Near $4,500, Silver Above $80: What Comes Next in 2026 | Greg OrrellGreg Orrell, Portfolio Manager at OCM Gold Fund, joins Kitco Mining’s Paul Harris to break down why the precious metals market enters 2026 in uncharted territory. With gold closing in on $4,500/oz and silver pushing through $80/oz at the time of recording, Orrell highlights how unusual the move has been, noting that “the gold price went up every single month in 2025,” something he says has not happened going back to 1971.Orrell says the rally reflects a structural shift in demand, led by non-Western buyers and new participants such as Tether, which he says is buying gold on a regu...
2026-01-0731 min
Kitco NEWSDavid Rosenberg: Markets Are Propped Up by the S&P 500 - and That’s the Risk for 2026In this exclusive Outlook 2026 special, David Rosenberg, President of Rosenberg Research, joins Jeremy Szafron to dismantle the "Soft Landing" narrative and expose the massive disconnect between Wall Street pricing and Main Street reality. While the S&P 500 hits record highs, Rosenberg presents forensic data showing that the U.S. economy has already entered a "silent" contraction that is being masked by government hiring and a stock market bubble.THE "NO HIRE" ECONOMY: Rosenberg reveals that beneath the headline payroll numbers, the "hiring rate" has collapsed to cycle lows—a dynamic he calls "No Hire, No Fire." He ex...
2025-12-1952 min
Kitco NEWSPeter Schiff: "Do Not Wait" - Silver to Hit $100 in 2026 & Gold to $5,000Peter Schiff returns to Kitco News for a fiery 2026 Outlook. Following a public spat where President Trump called him a "loser" on Truth Social, Schiff argues the bond market has finally declared a winner. With Silver breaking $66 and the Federal Reserve quietly launching a new $40 billion monthly bond-buying program, Schiff warns that the "Sovereign Debt Crisis" has officially begun.In this deep-dive interview, Schiff explains why the Fed’s new "reserve management" is actually the start of a massive balance sheet expansion that could reach $20 Trillion. He lays out his roadmap for 2026, predicting a "quick" move to $100 Si...
2025-12-1957 min
Kitco MININGTom Palmer’s Final Interview: Newcrest, Divestitures, and What’s NextIn his final interview as CEO of Newmont (NYSE: NEM; TSX: NGT), Tom Palmer joins Kitco Mining’s Paul Harris to reflect on the decade that reshaped the world’s largest gold producer. Palmer steps down on December 31 after steering the company through the Goldcorp integration, the COVID era, cost inflation, and the landmark acquisition of Newcrest. He says the Newmont he is handing to incoming CEO Natasha is fundamentally stronger. “We now have 12 managed operations. Each of them has very long life ore bodies that we can confidently make decisions on a 20 to 30 year timeframe.” Palmer explains...
2025-12-1624 min
Digging DeepSilver Breaks Out, Tungsten Tightens, and Juniors Run: Feneck Explains WhyJohn Feneck, Founder and CEO of the Feneck Commodities Report, joins Kitco Mining’s Digging Deep to break down one of the strongest years yet for precious metals. He says the December 10 Fed rate cut reflects rising concern about the labor market, while the political shift underway in 2025 may ultimately shape the direction of rate policy more than Powell’s guidance.Silver led the reaction to the announcement, breaking above US$62 and now trading near US$63 as the gold-to-silver ratio tightens. Feneck has long argued that the metal was overdue for a reprice, noting in today’s discus...
2025-12-1243 min
Kitco MININGNew Gold Achieves $966 AISC and Record Cash Flow Ahead of Coeur MergerNew Gold (TSX: NGD; NYSE American: NGD) CEO Patrick Godin joins Kitco Mining at the 2025 NBC Capital Markets CEO Mining Conference in London to break down a year defined by a full operational turnaround and a proposed merger with Coeur Mining. New Gold delivered one of the strongest quarters in the sector, producing more than 115,000 ounces of gold and 12 million pounds of copper while cutting all-in sustaining costs to $966 per ounce, enabling over $200 million in free cash flow. As Godin explains, “We mine the plan exactly as expected, and the results are there,” with Rainy River alone producing 100,000 ounces in t...
2025-12-1015 min
Kitco MININGAris Mining Targets 500K oz in 2026 as Arbitration Deal Clears the PathAris Mining (TSX: ARIS; NYSE American: ARMN) CEO Neil Woodyer joins Kitco Mining at the 2025 NBF CEO Mining Conference in London to break down a pivotal month for the company, including the landmark settlement of its long-running international arbitration with the government of Colombia. As Woodyer explains, “It now has a very clear legal obligation spelled out in many pages and many subpages,” marking the first time Colombia has reached a commercial resolution of this kind with a mining company.Woodyer also discusses acquiring the remaining 49 percent of the Soto Norte project, strengthening government relationships, and the rede...
2025-12-1016 min
Kitco MININGDiscovery Silver Targets Mill Expansion From 4.5M to 9M TonnesDiscovery Silver (TSX: DSV; OTCQX: DSVSF) President & CEO Tony Makuch joins Kitco Mining at the 2025 NBC Capital Markets CEO Mining Conference to break down Discovery’s dramatic transformation. The acquisition of Newmont’s Porcupine complex has turned the company from a silver developer into a cash-flowing, Ontario-based gold producer with major growth potential. Makuch says the deal “unlocks a lot of potential,” describing Porcupine as a platform for long-term growth.Makuch confirms the company generated free cash flow in both Q2 and Q3 and outlines a multiyear plan to double production at Porcupine. Work continues in parallel at Corde...
2025-12-1019 min
Kitco MININGAya Gold and Silver CEO on Rising Margins as Zgounder Ramps UpAya Gold and Silver (TSX: AYA) CEO Benoit La Salle joins Kitco Mining’s Investment Trends to discuss the company’s record performance and expanding footprint in Morocco. The company remains the only pure silver producer in the sector, anchored by the Zgounder mine, where a new 2,700 tonne per day plant has lifted total capacity to about 3,700 tonnes per day. The ramp-up helped deliver strong third-quarter results and rising margins as production scales.La Salle says silver’s rally is transforming profitability, “our lowest selling price right now in Q4 is $51,” which emphasizes margins above $30 per ounce and strong...
2025-12-1031 min
Kitco NEWSJames Grant: The Economy Is Suspended on "Dental Floss" & About to SnapThe next major financial crisis won't start in the banks—it will start in the Life Insurance sector. That is the urgent warning from legendary financial analyst James Grant, founder of Grant’s Interest Rate Observer.In this interview with Jeremy Szafron, Anchor at Kitco News, Grant details how the "Search for Yield" has pushed insurance giants into dangerous Private Credit and Private Equity allocations—assets he describes as "inherently junk" and completely lacking price discovery. He warns that policyholders and retirees could be the "unknowing participants" in the next great deleveraging.Grant also dissects the su...
2025-12-0946 min
Kitco NEWSThe U.S. Economy Was 'Fake' for 2 Years: Here’s Why Edward Dowd Says It Collapses NowThe U.S. economy has been "artificially propped up" for the last two years, and the floor is about to fall out. Former BlackRock Manager and Founder of Phinance Technologies, Ed Dowd, joins Jeremy Szafron on Kitco News to expose why recent GDP data was a "hallucination" driven by government spending on mass migration.In this deep dive, Dowd warns that the "floor has been removed" from the housing market, predicting a tumultuous crash in 2026 as inventory spikes and demand vanishes. He also breaks down why the AI boom is a "bull trap" similar to the Dotcom...
2025-12-0853 min
Kitco NEWSBloomberg Strategist: Gold is "Getting Very Scary" at These Levels, It's a Warning for Q4A "profound reversion cycle" is here, and the fourth quarter could set the tone for the next few decades, warns Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence. McGlone tells Kitco News' Jeremy Szafron that gold's "scary" rally toward $4,000 is a major warning sign for the broader economy, pointing to a massive shift into gold ETFs this year after four years of outflows.McGlone cautions that with stock market volatility near five-year lows, even a minor reversion could cause the "dominoes to tumble" for risk assets. He explains why he believes industrial commodities are vulnerable, forecasting that...
2025-09-3025 min
Kitco MININGAlamos Growth Pipeline: PDA Underground, Island Expansion, $72M ExplorationAlamos Gold (TSX: AGI; NYSE: AGI) President and CEO John McCluskey speaks with Kitco Mining at the Mining Forum Americas 2025 after announcing the sale of the company’s Turkish development projects for US$470 million in cash. The deal includes bank-guaranteed installments of US$160 million at close, followed by payments on the first and second anniversaries, and is expected to end Alamos’ BIT claim. “With that first payment, we’ll essentially put it against our US$250 million debt. We’ll reduce debt down to less than $100 million,” McCluskey says.In Q2, Alamos produced 137,000 ounces at just under US$1,500 per ounce AI...
2025-09-2924 min
Kitco NEWS‘Greatest Miner Opportunity In A Generation’ is Here, Says Axel MerkAxel Merk, Founder and CEO of Merk Investments, declares that we are in the "single greatest margin expansion opportunity for the mining sector in a generation" in this exclusive interview with Kitco News Anchor Jeremy Szafron. Merk, whose firm has over $2.9 billion in assets , dives deep into the historic breakout in gold and silver, arguing that the Federal Reserve's policy of "foaming the markets" will continue to fuel the rally in hard assets.He also makes a significant call, naming former Fed Governor Kevin Warsh as the ideal candidate for the next Fed Chair to "reform the...
2025-09-2940 min
Kitco NEWSEx-IMF Chief Ken Rogoff: ‘The Federal Reserve is Under Assault,’ Warns Higher Inflation is ComingKitco News Anchor Jeremy Szafron sits down with one of the world's most respected economists, former IMF Chief Kenneth Rogoff, for a stunning interview about the future of the U.S. dollar. As central banks buy gold at the fastest pace in modern history , Professor Rogoff, author of the new book 'Our Dollar, Your Problem,' explains why the dollar's "days are numbered."In this wide-ranging discussion, Rogoff tells Jeremy Szafron why he believes the Federal Reserve is "under assault" - a structural problem in US politics that will inevitably lead to higher inflation. He also declares...
2025-09-2938 min
Kitco NEWSGold's ‘Overbought’ Signal is a Trap, Here's Why It's Screaming Higher | Gary WagnerIt has been a week of extreme volatility and conflicting signals for the precious metals market. After gold futures surged past $3,800 to a new all-time record and silver smashed through $45, a blockbuster U.S. GDP report sent the dollar soaring and knocked metals back from their highs.In this environment of peak uncertainty, where the economic data is unreliable and even the Federal Reserve is openly disagreeing with itself, what do the charts say is next?Jeremy Szafron is joined by one of the best technical analysts in the business, Gary Wagner of TheGoldForecast.com, for...
2025-09-2922 min
Kitco NEWS'$10k Gold, $1M Bitcoin': Cory Klippsten's Price Targets After Market TurmoilAfter a $1.8 billion liquidation event rocked the crypto derivatives market, Swan Bitcoin CEO Cory Klippsten joins Kitco News Anchor Jeremy Szafron for a deep dive into the forces driving the market. Klippsten provides a masterclass on the Bitcoin thesis, arguing that the recent volatility is "not a big deal" and that his long-term price targets of $10,000 Gold and $1 million Bitcoin remain firmly intact.He dismisses the rise of corporate Ethereum treasuries as "just marketing" and argues that staking ETH is "stupid" when the asset is devaluing against Bitcoin. Klippsten also breaks down why he believes the Bitcoin...
2025-09-2945 min
Kitco NEWSClem Chambers: 2025 Was The Tipping Point, Here's What Happens To Your Money NextMarket veteran Clem Chambers issues his most important forecast of the year in this exclusive Kitco News interview. He argues that the world is on the verge of the "biggest economic boom since they invented the steam engine," driven by the AI revolution, and reveals how he is positioned to take advantage of it.However, he also delivers a stark warning for the crypto market, predicting an imminent "crypto winter" that could send Bitcoin back to the $40,000-$60,000 range, and identifies a group of companies he believes "will be the FTXs of this cycle".In...
2025-09-2949 min
Kitco NEWSGold Could See $3,600 Correction Before New Highs, Institutions Still Underweight: Ole HansenA new commodity supercycle is here, according to Saxo Bank's Ole Hansen. In this interview, he declares we are at the "cusp of an energy transition super cycle" while breaking down the immediate supply shocks gripping the copper market today. Kitco News Anchor Jeremy Szafron sits down with Ole Hansen to get his detailed outlook on the precious metals. Hansen explains why gold could see a deep but healthy correction to the $3,600 level without hurting the overall bull market setup. He makes the case for $50 silver, revealing that he likes it "even a bit more than gold" because it c...
2025-09-2934 min
Kitco NEWSPeter Schiff: This Crisis Won't Be Like 2008, It Will Be a U.S. Sovereign Debt CrisisPeter Schiff warns that a "great repricing" is underway and the Federal Reserve is about to make its "biggest error yet" in the face of a U.S. sovereign debt crisis. In this exclusive interview with Kitco News Anchor Jeremy Szafron, Schiff explains why this crisis won't be like 2008 and what it means for the U.S. dollar, gold, and your savings.Schiff argues that the entire gold and silver rally, which has seen both metals hit multi-year highs, has been driven by central banks, not retail investors. He reveals that sales volume from "stackers" is nowhere...
2025-09-2948 min
Digging DeepSilver Breaks $35! Next Stop $50 – ErfleIs silver's technical breakout above $35 the real deal, and could it rapidly surge to $50? David Erfle from JuniorMinerJunky discusses silver's technical breakout above $35 and the potential for it to quickly reach $50, referencing its history of rapid, violent moves. In this latest episode of Digging Deep with Kitco’s Senior Mining Editor and Anchor Paul Harris, he notes that silver miners are already leading the metal higher, with ETFs like SIL and SILJ posting multi-year highs ahead of the breakout. The conversation delves into turnaround stories at Americas Gold and Silver and McEwen Mining, discussing their strategies, financing, and potential fo...
2025-06-1128 minKitco MININGGold Mergers Are Heating Up: Which Deals Make Sense?Gold mergers are heating up! Which gold companies should merge next—and who’s being left behind? At PDAC 2025, Kitco Mining is swiping through potential gold company mergers in our special ‘Tinder for Gold Mergers’ segment. Adrian Day, CEO of Adrian Day Asset Management, and Kitco’s Senior Mining Editor and Anchor Paul Harris break down the biggest deals, including Equinox Gold’s $2.6B acquisition of Calibre Mining. Which mergers make sense, and which ones are fool’s gold? Find out as we explore the shifting landscape of gold mining M&A, cash flow strategies, and jurisdictional challenges.Key points...
2025-03-1826 minDigging DeepGold Mining Profits Surge: Is This the Investor Payday?Are mining companies finally delivering the returns investors have been waiting for? Discover how margin expansion in the gold sector is changing the game. Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Nicole Adshead-Bell, Director at Cupel Advisory, about the 2024 financial results for mining companies. They discuss Agnico Eagle Mines' record margins and Newmont's all-in sustaining costs decreasing. Adshead-Bell shares insights on shareholder returns, M&A activity in the gold and copper spaces, and challenges in the copper developer space. She also touches on Barrick Gold potentially re-domiciling and financings in the mining sector.Key Po...
2025-02-2620 minKitco MININGIs Mining at Rock Bottom? Here's How High It Could Go – Rob McEwenIs the mining sector really at the bottom of the cycle? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Rob McEwen, Executive Chair & Chief Owner of McEwen Mining, at the 2025 Mines and Money Conference in Miami. McEwen shares his insights on the current commodity cycle, highlighting that commodities are at a 10-12-year low relative to financial assets and are expected to rise. He also discusses the Los Azules project in Argentina and McEwen Mining's innovative approach to sustainable mining. Key Points:- Commodities are at the bottom of their cycle and are expected to...
2025-02-2622 minKitco MININGGold Mining in the USA: Borealis Mining's Plan for ExpansionIs Nevada still a prime location for gold mining? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Kelly Malcolm, the CEO of Borealis Mining at the 2025 Mines Money Conference in Miami about gold mining in the USA. Borealis Mining went public in August 2024 and is already seeing the positive effects of rising gold prices. Kelly discusses the company's strategy of acquiring undervalued assets like Gold Bull resources and consolidating them into a larger, more financeable entity. Borealis is focused on resuming production at its permitted mine and aims to become a mid-tier miner in Nevada.Ke...
2025-02-2513 minKitco MININGMining Investment Secrets: A Contrarian's Guide to Finding Hidden OpportunitiesInvesting in mining? Learn the importance of long-term vision and adaptability in a shifting market. Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Whitney Kofford from Sorbie Bornholm, at the 2025 Mines and Money Conference in Miami. Kofford discusses mining investment strategies, emphasizing the significance of a company's long-term vision and clear communication. She highlights the firm's focus on micro, small, and mid-cap companies, particularly those involved in the energy transition. Kofford also points out the need for mining companies to improve their marketing by leaning into their unique brand voice to connect with investors on an emotional le...
2025-02-2522 minKitco MININGEquinox Gold & Calibre Mining Merge: A New Gold Giant is BornWhat's next for Equinox Gold after the Calibre merger? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Ross Beaty, Chair of Equinox Gold, at the 2025 BMO Global Metals, Mining & Critical Minerals Conference. Beaty discusses the recent merger of Equinox Gold with Calibre Mining, a CAD$7.7 billion transaction that will create one of the largest gold producers in the Americas. He highlights the synergies between the two companies, the benefits of a zero-premium deal, and the expected positive re-rate for the combined entity. Beaty also touches on the company's strategy for deleveraging and rationalizing its asset portfolio.
2025-02-2516 minKitco MININGGold Near $3,000: Why Mining Stocks Aren't SoaringIs the mining industry facing a crisis of investor confidence? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Kevin Murphy, Research Director for Metals and Mining at S&P Global Market Intelligence, at the 2025 Mines and Money Conference in Miami. Murphy discussed the current state of the commodity cycle. He highlights the divergence in commodities, with gold prices flirting with $3,000 an ounce while others like nickel and zinc struggle. Murphy also addresses the difficulties junior mining companies face in securing financing and the impact of past debt and changing investor attitudes. Murphy touches on M&A activity, sh...
2025-02-2419 minDigging DeepCopper Has Broken Free From the Energy Transition Myth and Is Doing Its Own ThingWhat’s copper's real story and what are the forces driving the market? In this episode of Digging Deep, Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Christopher Ecclestone, Principal and Mining Strategist at Hallgarten & Company, about the factors influencing gold prices. Ecclestone shares his insights on taking profits in gold and the importance of dividends from gold companies. They also discuss copper's supply and demand dynamics, the potential of tungsten and antimony as critical metals, and Almonte's position as a tungsten producer. Finally, they touch on McEwen Copper project in Argentina and the country's large investment ince...
2025-02-2136 minKitco MINING'All the Dominos Tumble' with 10% Stock Market CorrectionIs the stock market due for a correction? See how this could affect your investments in commodities. Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, at the Mines and Money Miami conference. McGlone shares his insights on the commodity cycle, with a close watch on crude oil and copper, and discusses the potential impacts of tariffs, especially concerning China's influence on copper demand. McGlone also explores gold's performance, noting its outperformance against the S&P 500 and the influence of central bank buying, while expressing caution about an overvalued U.S...
2025-02-2127 minKitco MININGTrump's Policies Will Unlock U.S. Copper DominanceIs copper about to explode? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Barry O'Shea, CEO of Highland Copper, at the 2025 Mines and Money Conference in Miami. They discuss the recent surge in copper prices and Highland Copper's project in Michigan. O'Shea highlights the potential impact of the Trump administration's focus on domestic resource independence and the importance of refining capacity in the U.S. Highland Copper aims to reach a construction decision for its Copperwood asset by the end of 2025.Key Points:- Copper price surge driven by energy policies and resource independence
2025-02-2115 minKitco MININGInvestment Demand Is Silver Price Spike WildcardKitco’s Senior Mining Editor and Anchor Paul Harris interviews Peter Krauth, author of ‘The Great Silver Bull’ and editor of Silver Stock Investor at the Vancouver Resource Investment Conference. They discuss silver's performance in 2024, noting its significant price increase from a low of $22 to $35 per ounce. Krauth highlights the supply deficit in the silver market and the growing industrial demand, especially from the solar sector. He emphasizes the potential impact of investment demand on silver prices, suggesting it could lead to a price spike. Krauth also shares some silver stock picks to watch.Key Points:- Silv...
2025-02-1923 minKitco MININGJunior Capital Challenge Is Investor OpportunityIs now the time to invest in gold equities? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Ross Beaty, Chairman of Equinox Gold, at the Vancouver Resource Investment Conference. They discuss Equinox Gold's impressive growth, strategy, and the future of the gold and silver markets.Key Points- Equinox Gold's journey to becoming a near million-ounce producer with eight operating mines.- The company's focus on deleveraging and optimizing its portfolio.- Ross Beaty's insights on the disconnect between gold prices and equity values.- A look at opportunities in the co...
2025-02-1829 minKitco MININGSelective Optimism for Gold Stock AlphaInvesting in Alpha: How to find company-specific opportunities in any market? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Warren Irwin, President & CIO of Rosseau Asset Management, at the Vancouver Resource Investment Conference. Gain insights into the resource investment landscape and what to expect in 2025.Key Points:- Gold Market: Gold equities underperforming despite record highs, facing competition from crypto and tech.- Canadian Mining: Discusses potential for a new conservative government to boost resource industries by streamlining permitting and building pipelines. Criticizes government interference in mining, using Solaris Resources as an example.
2025-02-1223 minKitco MININGNo Excuse Not to Make a Million – Rick RuleCould you really make $1-2 million from mining stocks in the next few years? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Rick Rule, President & CEO of Rule Investment Media, at the Vancouver Resource Investment Conference. Rule shares his insights on mining stocks, market outlook, and the potential impact of the Trump presidency on the resource world.Key Points:- Mining Stock Opportunities: Rule discusses how investors can potentially make significant gains by focusing on strong management teams and understanding market dynamics.- Gold Market Analysis: Insights into central bank vs. retail investment in...
2025-02-1124 minKitco MININGFrom Oil to Ore: Saudi Arabia's Bold Plan to Dominate Mining – Khalid Al-MudaiferNew gold and lithium discoveries in Saudi Arabia - what does it mean for the global market? Kitco’s Senior Mining Editor and Anchor Paul Harris speaks with H.E. Khalid Al-Mudaifer, Vice-Minister for Mining Affairs of the Kingdom of Saudi Arabia, at the Future Minerals Forum in Riyadh. Al-Mudaifer discusses Saudi Arabia's ambitious push to develop its mineral resources and establish mining as the third pillar of its industrial sector, following oil and gas and petrochemicals. The interview highlights significant announcements, including new gold discoveries. Al-Mudaifer stresses the importance of partnerships in building the mining sector, drawing parallels wi...
2025-02-1114 minKitco MINING2030 Josemaria-Filo production goalWhat's the next big play in the mining sector? Kitco’s Senior Mining Editor and Anchor Paul Harris speaks with Adam Lundin, Chair of Lundin Mining. Lundin discusses the company's recent successes and future plans at the Future Minerals Forum in Riyadh, Saudi Arabia. He highlights the excitement surrounding Saudi Arabia's interest in diversifying into minerals and the challenges of financing mineral projects. Lundin emphasizes the importance of operations and growth projects. He speaks about Lundin Gold's record production and exploration potential, and the BHP partnership in Argentina. The discussion also touches on geopolitical considerations, critical minerals, and the ou...
2025-02-1016 minDigging DeepTrump's Mining Boom: How New Policies Could Reshape the Industry – John FeneckHow will President Trump's policies specifically affect the mining industry, and which companies are best positioned to capitalize on these changes? In this episode of Kitco Mining's Digging Deep, John Feneck, founder and CEO of the Feneck Commodities Report, discusses the current state of the mining and commodities markets. Feneck speaks with Kitco Senior Mining Editor and Anchor Paul Harris to share his insights on how President Trump's policies are impacting the mining sector, particularly regarding critical minerals and domestic production. The discussion also covers gold's potential, the disconnect between gold prices and gold stocks, and the possibility of...
2025-01-3131 minDigging DeepCopper on the cusp after $3.25 billion mega dealCopper M&A should heat up as a result of BHP (NYSE:BHP) and Lundin Mining (TSX:LUN) agreeing to buy Filo (TSX:FIL) for $3.25 billion (C$4.5B) and create a joint venture to develop the Josemaria and Filo del Sol deposits in San Juan Argentina, Neil Adshead, Consultant Analyst at Commodity Discovery Fund, said on Kitco Mining’s Digging Deep.This week Adshead recorded an episode of Digging Deep with Kitco Correspondent Paul Harris. “I suspect in every major mining company boardroom of the world, they will be asking questions of their own corporate devel...
2024-08-0324 minKitco MINING'We found some really compelling targets' — Scott Berdahl's Snowline Gold keeps growingFinding gold mineralization at scale and continuity was among Snowline Gold’s (TSXV:SGD) top 2023 accomplishments, says CEO and Director Scott Berdahl.In February Berdahl spoke to Kitco Mining at the BMO Global Metals, Mining & Critical Minerals Conference 2024 in Hollywood, Florida.Snowline Gold is one of the most exciting exploration plays to emerge out of the Yukon. A 2023 hole returned 2.5 grams per tonne gold over 553 meters at the Valley discovery, making it one of the best drill holes ever drilled in the Yukon Territory’s 125-year history.Snowline Gold’s Rogue project also stands...
2024-03-2213 minKitco MININGAgnico Eagle CEO Al-Joundi’s advice to his peers: Focus more on making money, returning capitalBeing regionally focused is what differentiates Agnico Eagle Mines (TSX:AEM) from some of its more globally minded peers, says President & CEO Ammar Al-Joundi.In February Al-Joundi spoke to Kitco Mining at the BMO Global Metals, Mining & Critical Minerals Conference 2024 in Hollywood, Florida. He is the recipient of Kitco Mining’s 2023 CEO of the Year in the production category. Agnico Eagle ended 2023 with record production, cash flow and reserves. Asked why the company is delivering when others are not, Al-Joundi said: “I think one of the reasons Agnico has been consistent in deli...
2024-03-1516 minDigging Deep'You could roll bowling balls down the aisle' - all-time high gold prices are not drawing investorsThe gold price is hitting all-time highs, but there is still scant interest in junior miners, noted JuniorMinerJunky's David Erfle. On Wednesday Erfle recorded the inaugural show Digging Deep, hosted by Kitco correspondent Paul Harris at PDAC in Toronto. PDAC is mining largest annual get together. Over 23,000 delegates attended last year's show. Erfle noted the lack of love junior miners are attracting despite precious metals jumping higher. "You could pretty much roll bowling balls down the aisle," said Erfle noting the lack of retail investors dropping by the company booths. "There wasn...
2024-03-1118 min
Kitco NEWS Roundtable'Success breeds more success' - Tectonic Metals on why the Northwest is seeing so much mining interestMergers and acquisitions are creating their own momentum, said Tectonic Metals' CEO Tony Reda. On Friday Kitco recorded Kitco Roundtable. Tectonic Metals (CVE:TECT) is a mineral exploration company focused on North America. Assets include the Tibbs project, which hosts three new Tectonic drill discoveries in the Goodpaster District and is 35 kilometres east of the Pogo Mine.Before heading Tectonic, Reda who was part of the team that advanced Kaminak's Coffee project in the Yukon. The company was eventually bought by Goldcorp or C$520 million in 2016.Majors have been showing interest...
2022-04-1518 min
Kitco NEWS Interviewshttps://www.kitco.com/news/2021-11-30/images/Kitco-Podcast_464x292.jpgThe uptrend for gold is still intact, said Dr. Nicole Adshead-Bell, director at Cupel Advisory Group.
Earlier this month Adshead-Bell spoke to Kitco at the Deutsche Goldmesse show in Frankfurt, Germany.
"We're no longer at the very beginnings of a bull market," said Adshead-Bell, adding that the easy money has already been made.
"Bull markets have varying degrees of gestation and some of them can be exceptionally long in duration," she said noting 2020 was a "euphoric" year.
"Whenever you have that kind of parabolic equity performance, there will always be a correction. That's a very natural thing, and that's a...
2021-11-3011 minKitco NEWS Interviews'Silver has always been my first love,' says billionaire Thomas Kaplan in Kitco ExclusiveFor the first time in 20 years, Thomas Kaplan, CEO of Electrum Group, has launched a new public silver producer. In an exclusive interview with Kitco News, Kaplan talks about his silver and gold projects and his outlook for the precious metals.
In November, The Electrum Group went public with Gatos Silver (NYSE: GATO, TSX: GATO), which raised $170 million in its IPO. It was also one of the first precious metals companies listed directly on the New York Stock Exchange.
Looking at commodity prices, Kaplan said that gold and silver are just at the start of a significant bull market. "Once...
2020-12-1021 min