Shows
Kitco NEWS RoundtableGold can't hold 2,000, Ero Copper and Vale make a dealGold is deferring a break higher, noted mining audiences manager Michael McCrae.On Saturday McCrae recorded Kitco Roundtable with correspondent Paul Harris.Key economic news this week was the jobs report. Non-farm payrolls number come in at up 150,000 versus market expectations of 170,000. The report fell into the camp of the U.S. monetary policy doves, who want the Federal Reserve to stop raising interest rates.Gold was helped but not much. Spot gold finished the week at $1,998 ounce.Gold’s inability to convincingly break above $2,000 an ounce is creating some cautious se...
2023-11-0406 minKitco NEWS RoundtableWhy precious metal prices are up and QC Copper & Gold focuses on critical minerals in QuebecWar worries and a possible end to Fed tightening are some of the reasons gold is rebounding, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and QC Copper & Gold CEO Stephen Stewart. The gold price has been on an unstoppable move higher when war fears entered the marketplace last week, that according to Kitco contributor David Erfle. Despite the U.S. 10-year bond yield rising to 5%, the safe-haven metal has risen from $1825 just two weeks ago to move closer to the key $2000 level notching up an impressive...
2023-10-2023 minKitco NEWS RoundtableGold market seeks clarity and lower commodity prices hit base metal minersThe gold market is seeking direction, noted Kitco's mining audience manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris. McCrae noted that the big news this week was the Federal Reserve pushing interest rates to a 22-year high on Wednesday. The Fed resumed its hikes from last month's pause. The big data point this week was core Personal Consumption Expenditures price index increased 0.2% last month, compared to May's increase of 0.3%. The report revealed that in June inflationary pressures continues to diminish while consumer spending continues to expand. The news sent equ...
2023-07-2908 minKitco NEWS RoundtableA major automaker buys a stake in a lithium developerCarmaker Stellantis bought an 8% stake in direct lithium extraction company Vulcan Energy Resources for $52 million this week. On Friday Kitco Roundtable's Michael McCrae sat down with the CEO of Golden Shield Resources, Leo Hathaway. Kitco correspondent Paul Harris and editor Neils Christensen recorded a segment from the Yukon, where they are participating in a mine tour. Golden Shield Resources is a gold-exploration company focused on three, 100% owned, exploration projects in Guyana, South America.
2022-06-2528 minKitco NEWS RoundtableCar ownership may fade due to rising battery metal costsThe shortage of battery metals is driving up the costs of electric vehicles to the point where car ownership may transition to various types of rental models, said Matt Fernley, editor of Battery Materials Review and Head of Research for Westbeck Capital’s Volta Energy Transition fund.On Friday Fernley recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Editor Neils Christensen and Kitco correspondent Paul Harris.Demand for electric vehicles is up sharply due to a big worldwide regulatory push and swiftly changing consumer sentiment. However, battery metals costs are rising quickly due to su...
2022-01-2244 minKitco NEWS RoundtableWhat were 2021's top headlines, and next year's emerging trends?This week Kitco Roundtable panelists Michael McCrae, Paul Harris and Neils Christensen picked their top news story of the year, as well as emerging trends in 2022. McCrae is Mining Audiences Manager, Harris is a Kitco correspondent and Christensen is a Kitco editor.McCrae chose the large automakers investing electric vehicles as mining's top headline, due to a firm commitment to battery metals. Christensen said meme stocks and emerging silver were most impactful to him. Looking at top gold deals, Harris argued that Newcrest buying Pretium had the biggest implication for the precious metal space.
2022-01-0633 minKitco NEWS RoundtableGolden Triangle's energy transition is a 'massive paradigm shift' - Skeena ResourcesThe build out of hydroelectric power in the northwestern B.C. is fundamentally changing mining and exploration in the region, said Walter Coles Jr., CEO and president of Skeena Resources (TSX:SKE).On Friday Coles recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Editor Neils Christensen and Kitco correspondent Paul Harris. Skeena is an exploration company focused on northwestern B.C., the Golden Triangle. The region has seen big developments, recently Newcrest's $2.8 billion Pretium purchase in November.Coles said that mine costs and environmental pressures are seeing rapid changes with miners being able to...
2021-12-1840 minKitco NEWS RoundtableThe gold sector is relatively small, but that can be a positiveTechnology giants dwarf mining giants, but that can also benefit investors, said Yamana Gold's executive chairman, Peter Marrone. On Friday Marrone recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Editor Neils Christensen and Kitco correspondent Paul Harris. The largest gold miner, Newmont, has a market capitalization of $44 billion, compared to Apple's $2.57 trillion valuation. Fractionally, Newmont is 1.7% the size of Apple. Tech companies have also been attracting more investors. The Nasdaq Composite is up 22% year to date. The VanEck Junior Gold Miners ETF is down by nearly the same amount over the same...
2021-11-2745 minKitco NEWS RoundtableGold miner M&A is on a rollThere has been a succession of mergers and acquistions in the gold space, said mining audiences manager Michael McCrae. On Friday McCrae recorded a podcast with editor Neils Christensen and Kitco correspondent Paul Harris. This past week it was announced that Evolution Mining would buy Glencore's Ernest Henry Mining copper-gold mine in Queensland, Australia, for A$1 billion ($730 million).Earlier this month top ten Australian miner Newcrest picked up Pretium for $2.8 billion. In October there was the Agnico Eagle-Kirkland Lake tie up. If the merger is approved, Agnico Eagle will be a number three...
2021-11-2114 minKitco NEWS RoundtableWhy substitution is not easy in the battery metal spaceInnovation is relentless in the electric vehicle space, particularly around material substitution due to worries about reliability of supply, but original equipment manufacturers need time to adjust to new processes, said Dr. Soroush Nazarpour, founder and CEO of NanoXplore (TSE:GRA). On Friday Nazarpour recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.NanoXplore is a graphene company, a manufacturer and supplier of graphene powder for use in industrial markets with applications in transportation, packaging, pipe, film, electronics. The company is up 186% to $7.88 a share in the...
2021-10-2343 minKitco NEWS Roundtable'Get out your bell bottoms and your disco records' - Erfle on stagflationA second bad jobs report along with spiking energy prices is hinting at stagflation, said Junior Miner Junky editor David Erfle. On Friday Erfle recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.The job's report for September was dismal with only 194,000 jobs added last month. The forecast was for a much higher number, ranging from 450,000 to 500,000 new jobs. The preceding August jobs report was also a disappointment.While the jobs report could point to a soft economy, some commodity prices are spiking, notably oil...
2021-10-0945 minKitco NEWS RoundtableMining pivots to meet battery-metal demand; oil and gas, computational needsSome advanced computers require super-cooling, and that's where helium plays its role, said Desert Mountain Energy's CEO Robert Rohlfing. On Friday Rohlfing recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.Mining companies have been investing in lithium, copper and nickel projects to meet growing need for lithium-ion battery materials. Some oil and gas companies are pivoting to helium extraction. There is a growing need for helium, which cools computationally intensive hardware needed for machine learning, which is finding its way into transportation and smart-driving...
2021-10-0251 minKitco NEWS Roundtable'I've never seen anything like this before' - Zimnisky on strong U.S. diamond demand REPRISEWith travel curtailed due to the pandemic, consumers are shifting spending to material luxury items, which favors diamonds, said Paul Zimnisky, industry analyst. Early last monthy Zimnisky recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen."If you look at Signet Jewelers--the largest jewelry company in the U.S.--they've raised sales guidance three times this year. I've never seen anything like this before," said Zimnisky.[EDITORS'S NOTE: Interview appears to have not run due to technical issues. We are reprising the episode with s...
2021-10-0132 minKitco NEWS Roundtable'Are there still world-class discoveries to be made? Absolutely!' - Rob McLeodThere is still a lot ground left to explore and find big new discoveries, said the CEO of Blackwolf Copper and Gold (CVE:BWCG), Rob McLeod. On Friday McLeod recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.There is a concern that precious metal supply may be constrained in the future without any big new gold projects. McLeod said there are still vast areas that are under-explored. Glaciers are receding, uncovering prospective ground. Technology is also helping find potential new targets. "Are there still wo...
2021-09-2550 minKitco NEWS RoundtableGold's 'marginal project' problemThe gold sector suffers from a lack of quality projects, said Banyan Gold's CEO Tara Christie. On Friday Christie recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.Year-to-date the VanEck Junior Gold Miners ETF is off 30% to $17.57. Harris said too many gold companies make the sector harder for investors to navigate. Barrick Gold CEO Mark Bristow wants to see more sector consolidation, according to Reuters. Still, gold prices have been good, and producers are cashed up for acquisitions."I think the bigger problem is l...
2021-09-1837 minKitco NEWS RoundtableEquinox Gold's path to one million ounces of productionSignificant milestones for Equinox Gold (TSX:EQX) is production coming online in Brazil and Ontario, said president Greg Smith. On Friday Smith recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.Equinox Gold is forecasting about 600,000 ounces this year with plans to grow to one million ounces annually. Smith said key milestones will be a mine at Santa Luz with the first pour scheduled for the first quarter of 2022. Santa Luz is situated in Brazil. Equinox is also advancing its Greenstone project in Ontario. A mi...
2021-09-1133 minKitco NEWS RoundtableGold dusts itself off from the flash crashGold has risen smartly after it dropped sharply at the start of the week.
On Friday Stephen Soock at Stifel recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.
Panelists discussed the flash crash, the Fed's pull on the gold market and earnings from Barrick Gold.
2021-08-1645 minKitco NEWS RoundtableWhy building a rare earth mine is such a high hurdleProcessing rare earth ore has a huge hurdle for most projects, said the CEO and president of Geomega Resource, Kiril Mugerman. On Friday Mugerman recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.Geomega is investing in recycling processes to recover rare earth waste. Mugerman was asked why it is so difficult to build a rare earth mine. "Separating [rare earth] is very hard. There is uranium and thorium included, so you need to get rid of those. You're dealing with fairly low grades. If...
2021-08-0748 minKitco NEWS Roundtable'We are in a super cycle' - Battery Materials ReviewElevated demand for battery materials due to energy transition makes this period a super cycle, said Battery Materials Review Editor Matt Fernley. On Friday Fernley recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.Battery materials like copper, nickel and lithium have had big price run ups in 2021. "We are in a super cycle. I define a super cycle where you see a structural demand event tied to a situation where you have tight supply, and this is the very definition of a super cy...
2021-07-2451 minKitco NEWS RoundtableEnergy transition incentives are not just coming from gov'ts - Ion EnergyWhile governments have been announcing ambitious green-energy initiatives, the private sector has been matching with its own spending, said Ion Energy CEO Ali Haji. On Friday Haji recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen. Ion Energy (CVE:ION) is advancing a lithium project in Mongolia. Haji noted that the Biden administration has plans for energy transitioning spending in the billions. Haji also pointed to GM's June announcement that it was increasing spending on electric and autonomous research. "We've also seen the...
2021-07-1738 minKitco NEWS RoundtableGeopolitical risks are baked into the nickel supplyWith the concentration of nickel in countries such as New Caledonia and Philippines, the nickel supply faces jurisdictional risk, said FPX Nickel's CEO Martin Turenne.On Friday Turenne recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen. FPX Nickel (TSX-V:FPX) is a Vancouver-based junior nickel mining company developing the large-scale Decar Nickel District in central British Columbia.The French protectorate of New Caledonia has been facing political strife as an independence vote looms later this year. Early this century the region's nickel reserves w...
2021-07-1045 minKitco NEWS RoundtableMining faces 'one of the greatest transformations'Great sums ready to be unlocked and flow into mining as long as environmental social governance (ESG) issues are addressed, said the founder of Digbee, Jamie Strauss. On Friday Strauss recorded Kitco Roundtable podcast with correspondent Paul Harris, Mining Audiences Manager Michael McCrae and editor Neils Christensen.On its website, Digbee describes itself as a on-demand data, research and ESG platform for the mining industry. We offer a free database of in-development and producing mines, objective and accredited peer reviews of mining studies, and ESG disclosure for mining companies.Socially conscious investors use...
2021-06-1844 minKitco NEWS RoundtableLarge automakers entering the mining biz is 'inevitable' - Rho MotionAutomaker are being forced into operational roles in the mining sector, said Rho Motion's Adam Panayi on Friday. The managing director of Rho Motion recorded a Kitco Roundtable podcast with correspondent Paul Harris, Mining Audiences Manager Michael McCrae and editor Neils Christensen.To make electric vehicles, automakers are going to need a lot more cobalt, lithium, nickel and copper than is currently being mined. Panayi said large automakers getting into the mining business is "inevitable" since the magnitude of some of the special materials needed is nearly akin to building an "entire sector fr...
2021-06-1242 minKitco NEWS RoundtableJobs report a miss but not a complete breakdownGold's slide was stopped by a job's report that was a disappointment but not a complete breakdown, said editor Neils Christensen. On Friday Christensen recorded a podcast with correspondent Paul Harris, Mining Audiences Manager Michael McCrae and guest Luke Alexander, CEO of Newcore Gold.Friday’s nonfarm payroll report showed that the U.S. economy added 559,000 jobs in May, slightly shy of consensus expectations of 675,000. The unemployment rate is now at 5.8%, the lowest level since the start of the pandemic. Gold saw a lot of volatility this week – first falling more than $40 and then c...
2021-06-0540 minKitco NEWS RoundtableAll the signatures of another Fruta Del NorteLundin Gold's Fruta Del Norte is one of the largest and highest-grade gold projects currently in production, and maybe there is a second down the road from the first, said CEO Ron Hochstein. On Friday Lundin Gold's (TSX:LUG) Hochstein recorded Kitco Roundtable podcast with correspondent Paul Harris, Mining Audiences Manager Michael McCrae and editor Neils Christensen.Opened last year, the 340,000 ounce per year gold mine is seeing some stopes grading 30-40 grams per tonne of gold, said Hochstein. The all-in sustaining cost is $770 - $830 per ounce. Acquired in 2014, the project came with a large l...
2021-05-1544 minKitco NEWS RoundtableBattery materials regain M&A spotlightAIM-listed Bacanora Lithium (LON: BCN) announced Thursday it has agreed to a $264.5 million acquisition by its offtake partner, Ganfeng Lithium.The deal was highlighted by correspondent Paul Harris who recorded Kitco Roundtable podcast on Friday with Mining Audiences Manager Michael McCrae, editor Neils Christensen and special guest Mark Fellows, co-founder of and director at Skarn Associates.This year most of the big deals in the metals space have been battery materials. McCrae noted deep sea miner, The Metals Company, going public in a $2.9bn SPAC deal announced in March. The company is focused on polymetallic...
2021-05-0858 minKitco NEWS RoundtableCopper is due for a comeuppanceWhile copper has been sizzling the metal is due to fall back to earth in the second half of the year, according to a BMO Capital Markets report. On Friday editor Neils Christensen, correspondent Paul Harris and mining audiences manager Michael McCrae discussed mining and metal events over the past week on Kitco Roundtable. Special guest was Sean Roosen, executive chair of Osisko Royalties and director at Osisko Mining. On Thursday copper poked its head above the $10,000 a tonne mark on the London Metal Exchange before falling back. The last time copper rose above $10,000 was in Feb...
2021-05-0147 minKitco NEWS RoundtableM&A heats up in the battery materials spaceLithium miners Orocobre and Galaxy Resources merged this week in a A$4 billion (US$3.1 billion) deal to create the world's fifth-largest global lithium chemicals company. The deal was highlighted by Mining Audiences Manager Michael McCrae on Kitco Roundtable recorded with Kitco correspondent Paul Harris, editor Neils Christensen and special guest Stephen Twyerould, CEO of Excelsior Mining. The show was recorded on Friday.In January Pilbara Minerals finalized its purchase of Altura lithium. Deal was valued at $201 million. Last month deep sea miner DeepGreen Metals went public with a special purpose acquisition company, which va...
2021-04-2450 minKitco NEWS RoundtableRobert Friedland, Goldman Sachs light up copperCopper's centrality to the new economy makes it potentially destabilizing as countries scramble for more supply, said Robert Friedland who gave opening remarks at the CRU conference this past week.On Friday editor Neils Christensen, Kitco correspondent Paul Harris and mining audiences manager Michael McCrae recorded a podcast with guest Ryan King, Vice President Corporate Development at Calibre Mining. The panelists discussed gold and inflation, as well as rising commodity prices due to energy transition and metals needed to build future infrastructure. The group noted Friedland's remarks, as well as the copper note published by Goldman Sachs.
2021-04-171h 00Kitco NEWS RoundtableWhy that prefeasibility study needs a big warning labelThe wide degree of speculation that is needed to author a preliminary feasibility study and other economic documents is not clear to the general investor, said Douglas Silver, CEO of Balfour Holdings. On Friday Silver joined editor Neils Christensen, Kitco correspondent Paul Harris and mining audiences manager Michael McCrae to record a podcast.Silver has had a career being on the right side of industry trends. He was founder of International Royalty Corporation, which was acquired by Royal Gold in 2010. Total deal size was C$750 million. Silver also helped get the Denver Gold Group off t...
2021-04-101h 18Kitco NEWS RoundtableThe news that set back a nickel revival Last month nickel prices looked like they may break to a level that would support new mine development, but news out of Indonesia ended the rally, said Ken Hoffman, Co-Leader EV Battery Materials Group at McKinsey. On Thursday Hoffman joined editor Neils Christensen, Kitco correspondent Paul Harris and mining audiences manager Michael McCrae to record a podcast. With electric vehicles coming to the fore with government incentives and broad consumer acceptance, more batteries are going to be needed, and nickel is turning out to be a key battery metal. However, supply is limited. The...
2021-04-021h 08Kitco NEWS RoundtableHow the pandemic sped up mine automation The adjustments miners had to make during the pandemic may have resulted in speeding up automation, said Eric Winsborrow, EVP Corporate Strategy, Wenco International Mining Systems.On Friday Winsborrow joined editor Neils Christensen, Kitco correspondent Paul Harris and mining audiences manager Michael McCrae to record a podcast.A subsidiary of Hitachi Construction Machinery, Wenco provides technology solutions to its parent company, such as fleet management and mining analytics.During the pandemic, miners relied more on automation to keep people from coming into close quarters."The experience of not being a...
2021-03-271h 01Kitco NEWS RoundtableWhy rock bottom refining charges are bullish for copperCopper prices are high, and inventories are low, but the CEO of Kodiak Copper, Claudia Tornquist, said there is another bullish indicator for the base metal.On Friday Tornquist was a guest on Kitco Roundtable podcast with correspondent Paul Harris, editor Neils Christensen and mining audiences manager Michael McCrae.Kodiak is advancing its MPD copper-gold porphyry project in southern British Columbia.As of Friday afternoon, spot copper was $4.13 a lb. The recent price spike is significant. Copper has not seen prices at these levels since 2012.London Metal Exchange copper stock have...
2021-03-1358 minKitco NEWS RoundtableThe 'magic number' you need to develop a nickel projectWith nickel prices spiking last month to six-year highs and EV automobile projected to go parabolic, the industry is starting to realize there is not enough metal available.On Friday Kore Mining's VP of exploration, Michael Tucker, joined Kitco Roundtable podcast with correspondent Paul Harris, editor Neils Christensen and mining audiences manager Michael McCrae.Last month LME nickel traded at a six-year high, hitting $19,689 a tonne before falling back.Tucker said nickel is a key material for electric vehicles, and the metal is expected to have one of the highest multiples of current...
2021-03-0659 minKitco NEWS RoundtableCopper reaches tipping pointWith copper hitting a multi-year high, copper projects can start moving into the development phase, said Ashley Heppenstall, director at Lundin Mining and chair of Joemaria Resources.On Friday Heppenstall joined editor Neils Christensen, correspondent Paul Harris and mining audiences manager, Michael McCrae to record Kitco Roundtable. Lundin Mining (TSX:LUN) is a copper, nickel, zinc and gold producer. Today, the company reported a $498.1 million in gross profit, an increase of $57.7 million in comparison to the prior year off of strong base metal prices. Heppenstall's Josemaria Resources is advancing a copper-project in Argentina. Th...
2021-02-201h 11Kitco NEWS RoundtableMaybe the gold miners should buy bitcoinSeveral miners released record cash hauls at year end, but investors are showing the sector scant love. On Friday Kitco Roundtable podcast featured editor Neils Christensen, correspondent Paul Harris and mining audiences manager Michael McCrae. Special guest was Sam Riggall, CEO of Clean TeQ. Riggall's company is developing a nickel-cobalt-scandium project in New South Wales. The company is positioning itself to supply materials for the electric vehicle materials market. Riggall said the project is large. "Sixty-five per cent of the current U.S. pass...
2021-02-131h 12Kitco NEWS RoundtableWhy a lousy jobs report could be a turning point for precious metalsToday's labor report showing deeper than expected job losses in January will support stronger stimulus measures, which could be bullish for gold, said Kitco editor Neils Christensen.On Friday Christensen recorded Kitco Roundtable podcast with mining audiences manager Michael McCrae, correspondent Paul Harris and ValOre Metals CEO Jim Paterson.The U.S. Labor Department released its jobs report today indicating that the number of new jobs gained in January came in at 49,000, and the unemployment rate fell from 6.7% to 6.3%, wrote contributor Gary Wagner. Although there was a down-tick in the unemployment rate, last week Jerome...
2021-02-0653 minKitco NEWS RoundtableA gold price in the 1800s is 'fantastic'Even with gold's recent falter heading into winter and its current range-bound price, Gran Colombia (TSX: GCM) CEO Serafino Iacono said gold at the $1,800 to $1,900 level has a lot of advantages. On Friday Iacono recorded Kitco Roundtable podcast with correspondent Paul Harris, editor Neils Christensen and mining audiences manager, Michael McCrae.In 2020 gold was not expected to do as well as it did. At the start of the year analysts at LBMA had an average gold price forecast of $1,558.8 ounce in 2020, up 12% from 2019. It was a big miss with the actual price averaging $1,769.59 ounce, an...
2021-01-2454 minKitco NEWS RoundtableThe two storylines for gold: how it can head higher or drop lowerThe competing theories for gold heading higher or trending lower were explored on Kitco Roundtable on Friday. Andrew Cheatle, recently-appointed director of Tanzanian Gold (TSE:TNX), joined correspondent Paul Harris, editor Neils Christensen and Mining Audiences Manager Michael McCrae to record Kitco Roundtable podcast.Christensen said there are many reasons that gold will head higher. "Pretty much everybody's saying the same thing, which is unprecedented central bank and government stimulus policies across the globe," said Christensen. "Central banks and governments are pumping trillions and trillions of dollars into financial markets, and this is go...
2020-12-1851 minKitco NEWS RoundtableLots of deals despite soft precious metal pricesLots of deals despite soft precious metal pricesThere was a noticeable uptick in the number of deals in the junior space this week despite wobbly precious metal prices. George Salamis, president and CEO of Integra Resources, joined correspondent Paul Harris, editor Neil Christensen and Mining Audiences Manager Michael McCrae to record Kitco Roundtable podcast on Friday. Gold's momentum has slowed. The near-term sentiment in the gold market is mixed as the price runs out of momentum testing critical resistance around $1,850 an ounce according to the latest results of the Kitco News. Wall St...
2020-12-1152 minKitco NEWS RoundtableWhy Friday was the end of an era in miningColorful mining dealmaker, Ivan Glasenberg, will retire as the head of Glencore, the huge mining giant and one of the top 500 largest public companies in the world.Minining Audiences Manager Michael McCrae noted the change during Kitco Roundtable podcast, which was recorded on Friday. McCrae was joined by correspondent Paul Harris; editor Neils Christensen; and special guest Terry Harbort, CEO of Talisker Resources. Ivan Glasenberg joined Glencore in April 1984 and has been CEO since January 2002. Glasenberg led the deal that saw the $90 billion merger of Glencore with Xstrata in 2013. Glencore is one of...
2020-12-0551 minKitco NEWS RoundtableWhy silver will shine bright in 2021The good news about the development of a vaccine is hammering gold, said Kitco editor Neils Christensen.Christensen joined Mining Audiences Manager Michael McCrae and Marcel de Groot, co-founder and president of Pathway Capital, to record Kitco Roundtable podcast on Friday.This past week Bank of America reversed its position on gold and was turning from positive to neutral. In April, the bank made a big announcement and forecasted $ 3,000-ounce gold. Christensen covered the news."One of the first things [Bank of America] said is we're abandoning $ 3,000-ounce gold, and we're now neutral...
2020-11-2742 minKitco NEWS RoundtableWhy gold doesn't like normalWith markets looking past the disputed election and a stalled stimulus, editor Neils Christensen said gold is trending down in the short term. On Friday Christensen was joined by correspondent Paul Harris and mining audiences manager Michael McCrae to record Kitco Roundtable podcast. Special guest was Patricia Dillon, former president of the PDAC. Gold has been on the backfoot. This week saw massive gold-backed ETF outflows, which weighed on the precious metal. But the market held its ground at the critical $1,850 an ounce level and managed to end the week on a slightly more positive no...
2020-11-2135 minKitco NEWS RoundtableSpotted! Recent junior M&A activity that could turn into a sector waveAustralian M&A is heating up amongst the early-stage development companies, which could portend bigger deals worldwide, said Peter Akerley, CEO of Erdene Resources.On Friday Akerley recorded Kitco Roundtable podcast with correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae.Mergers and acquisitions have been muted due to senior miners being conservative. The companies are worried about excesses committed during the last upcycle, which ended up punishing the resource sector. COVID-19 travel restrictions have also made due diligence hard.However, Australian miner Aurelia Metals made news yesterday when it...
2020-11-1423 minKitco NEWS RoundtableM&A in gold space is still a few quarters out - Adam LundinMergers and acquisitions in the gold space are not likely to heat up until one to two quarters have passed, said Adam Lundin, CEO of Josemaria Resources (TSE:JOSE). On Friday Lundin recorded Kitco Roundtable podcast with correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae.Aside from running Josemaria, Lundin is also chair of Filo Mining, Africa Energy, and a director of the Lundin Foundation.The panel noted that the precious metal miners are filing some spectacular numbers with gold holding above $1,900 for most of the last quarter. This p...
2020-11-0743 minKitco NEWS Roundtable'The seniors are playing a defensive game' - Daniel EarleDuring a gold bull market, you need to go with growth, said Daniel Earle, CEO of Solaris Resources (CVE:SLS).On Friday, Earle recorded Kitco Roundtable podcast with correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae.At the 121 Mining Investment conference this past week, Earle noted comments from a mining CEO who said seniors need to be disciplined with their capital allocation during this up cycle and not go out and buy things at a high valuation."I think that that's a terrible mistake. I think the problem [during...
2020-10-3057 minKitco NEWS RoundtableGold will benefit from gov't stimulus, but copper could run furtherThe Democrats stimulus plan will be positive for gold, but it will be extremely positive for copper, said John Steen, associate professor at the University of British Columbia's mining school. On Friday Steen joined Kitco Roundtable to discuss stimulus, renewables and the electrification of everything, and the knock-on affect on metals, chiefly copper and nickel. Steen was joined by correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae. Republican and Democrat leaders are negotiating a COVID-19 stimulus package in excess of $2 trillion. President Biden is ahead in the polls, which could tilt t...
2020-10-2434 minKitco NEWS RoundtableThe company that is 'perfectly set up' for this market B2Gold's recent quarter showed that the company will be a "cash machine," said the CEO of Troilus Gold, Justin Reid.Reid joined editor Neils Christensen; correspondent Paul Harris; and mining audiences manager, Michael McCrae, to record a podcast on Friday.Troilus Gold is an exploration and development company focused on a mine restart. The project is located in northeast of the Val-d'Or district of Quebec and produced 2 million ounces of gold and almost 70,000 tonnes of copper between 1996 and 2010.This past week B2Gold announced 248,000 ounces of production in Q3, up 17% f...
2020-10-1647 minKitco NEWS RoundtableWhy fourteen-day quarantines may be damaging to miners' healthFrequent quarantine stays could be hard on a miner's well being, warns the CEO of Fireweed Zinc, Brandon Macdonald. Macdonald joined Kitco correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae, to record a podcast on Friday.Macdonald noted that some miners travel outside of Canada for work then have to return to a 14-day quarantine with no access to a gym or recreation. Meals must be eaten in the hotel room. "So they're three-weeks on and two-weeks off. They come back to Canada and [start] a 14-day quarantine. Rinse an...
2020-10-1045 min