Kitco MINING

Elections in France and the U.S. should not disrupt carbon compliance markets, said Luke Oliver, managing director and head of climate investments at KraneShares.  On Tuesday Oliver spoke to Kitco Mining.  The KraneShares Global Carbon Strategy ETF (KRBN) is benchmarked to the S&P Global Carbon Credit Index, which covers cap-and-trade carbon allowances. Currently, the index covers the major Eu...

Declining profits for lab-grown diamonds could push retailers into a natural diamond pivot, said Paul Zimnisky, an independent diamond industry analyst.  Last week Zimnisky spoke to Kitco Mining.  The diamond market has been in a tough spot due to declining sales. In September Petra Diamonds reported full-year revenue declined 44%. In February Lucara Diamond announced full-year revenue was down 16...

Gold miners could use a little more conviction in the product they sell, said Frank Holmes, CEO and chief investment officer at  @USGlobalInvestors . In early June, Holmes spoke to Kitco Mining.  Gold has been hitting all-time highs in 2024, but the gold mining companies have lagged behind. The GDX, the gold mining index, is only up 12% year-to-date. Some enthusiasm for the metal the miners produc...

British Columbia's northwest is seeing heightened interest from resource companies, said Ken Konkin, CEO and president of Tudor Gold. In early June Konkin spoke to Kitco Mining at THE Mining Investment Event of the North in Quebec City.   @tudorgoldcorp.1829   (TSX:TUD) is an exploration and development company advancing its Treaty Creek gold and copper project, situated in the Golden Triangl...

Despite gold hitting several all-time highs in 2024, margins have been a drag on mining equities, said Peter Marrone, chairman and CEO of Allied Gold.  In early June, Marrone spoke to Kitco Mining at THE Mining Investment Event of the North.  Marrone noted that gold spiked at the start of the decade to around the $2,020 level and then stayed relatively flat until recently. Marrone said that during...

Investors will return to mining as commodity prices climb, said Sean Roosen, chairman and CEO of Osisko Development.  In early June Roosen spoke to Kitco Mining at THE Mining Investment Event of the North.  Osisko Development (TSX-V:ODV) is advancing the Cariboo project, an advanced-stage feasibility gold project located in central British Columbia in the historic Wells-Barkerville mining camp. Th...

The Madsen project is unusual since a lot of work can be done in parallel, speeding up time to production, said Gwen Preston, vice president of investor relations at West Red Lake Gold Mines.  Preston spoke to Kitco Mining in early June at THE Mining Investment Event of the North in Quebec City. West Red Lake Gold Mines (TSXV: WRLG) is advancing its Madsen gold mine in the Red Lake gold district o...

Optionality is a key upside to the royalty and streaming business, said David Cole, president and CEO at EMX Royalty.  On Thursday Cole spoke to Kitco Mining at THE Mining Investment Event of the North in Quebec City. EMX Royalty (TSX-V:EMX, NYSE AMERICAN:EMX) is a precious and base metals royalty company. The company's two flagship operations are Caserones in Chile operated by Lundin Mining,...

Funding for critical mineral projects by private companies is taking time to arrive, said Jamie Strauss, founder and CEO of Digbee. Strauss spoke to Kitco Mining on Tuesday at THE Mining Investment Event of the North in Quebec City. Digbee helps companies measure, manage and disclose their ESG ratings. They also offer mining data analysis.  Western governments have implemented critical mineral str...

Developing critical mineral resiliency is absolutely critical, said Gary Stanley, founder and managing director of Global Mineral Strategies. In early June Stanley spoke to Kitco Mining at THE Mining Investment Event of the North in Quebec City. He was joined by the CEO of  @firstphosphate , John Passalacqua. Stanley is also on the advisory board of First Phosphate.  The shine has come off critica...

Investors are not placing much value in resource companies despite the jump in metal prices, said Richard Carleton, CEO of the Canadian Securities Exchange (CSE). Carleton spoke to Kitco Mining in early June at THE Mining Investment Event of the North in Quebec City. The  @CSETV has offices in Vancouver and Toronto. The company has over 800 listings.  Gold has hit several all-time highs in 2024, b...

Gold miners could use a little more conviction in the product they sell, said Frank Holmes, CEO and chief investment officer at  @USGlobalInvestors . In early June, Holmes spoke to Kitco Mining.  Gold has been hitting all-time highs in 2024, but the gold mining companies have lagged behind. The GDX, the gold mining index, is only up 12% year-to-date. Some enthusiasm for the metal the miners produc...

British Columbia's northwest is seeing heightened interest from resource companies, said Ken Konkin, CEO and president of Tudor Gold. In early June Konkin spoke to Kitco Mining at THE Mining Investment Event of the North in Quebec City.   @tudorgoldcorp.1829   (TSX:TUD) is an exploration and development company advancing its Treaty Creek gold and copper project, situated in the Golden Triangl...

Greenstone Mine is very rare asset, said Greg Smith, president and CEO of Equinox Gold.  On Thursday Smith spoke to Kitco Mining.  Equinox Gold (TSX: EQX) is a Canadian mining company with seven operating mines. The company is forecasting 780,000 ounces of gold production in 2024 at an all-in sustaining cost between $1,565 to $1,675 per ounce.  This month the company announced first pour at Greens...

Minera Alamos will see a big step up in production over the next handful of years, said Doug Ramshaw, the company's director and president.  On Tuesday Ramshaw spoke to Kitco Mining.  Minera Alamos (TSX.V: MAI) is a Mexican-focused gold miner. The company's expertise is in heap leach operations. Its Santana operation will produce 2,000 ounces this year. The company's two other proje...

As more money comes into mining, this will push dollars down to the juniors, said David Garofalo, chair and CEO of GoldRoyalty. Garofalo has a multi-decade career leading large mining companies. He was CEO of Goldcorp prior to its sale to Newmont for about $10 billion in 2019. He was also CEO of Hudbay Minerals. Garofalo is now at GoldRoyalty (NYSE:GROY), a streaming and royalty company. Some of i...

Gold has hit several all-time highs this year, but the metal has further to go, said Simon Marcotte, president and CEO of Northern Superior Resources.  Last week Marcotte spoke to Kitco Mining.  Marcotte attributes the recent rise in gold prices to central bank buying and increased demand from Asia, particularly due to the weakening yen. He predicts that as real rates decline, gold will gain furth...

Big mining deals are going to bring needed attention to the mining sector and build more enthusiasm, noted Adam Lundin, chair of Lundin Group.  This week Adam spoke to Kitco Mining.  Earlier this month BHP Group announced a surprise takeover bid for Anglo American valued at over $31 billion.  "When you see blockbuster news like that, it's hard not to get excited," said Lundin. &quot...

Copper projects pose substantial hurdles for development, said Alistair Waddell, president and CEO of Inflection Resources.  In early May Waddell spoke to Kitco Mining at Deutsche Goldmesse in Frankfurt, Germany.  Inflection Resources (CSE:AUCU) is a copper and gold company focused on eastern Australia. It is exploring Macquarie Arc in New South Wales. The company also has an Anglogold Ashanti par...

Mining has to do more work to attract investors, said Joanna Ponicka, vice president of exploration at Equivest.  In early May Ponicka spoke to Kitco Mining at Deutsche Goldmesse at Frankfurt, Germany.  Ponicka said the mining sector has a perception problem and that is leading to less funding. A lack of investment in grassroots exploration is leading to a shortage of new discoveries.  "As a...

While central bank buying has been supportive of gold prices, interest rate cuts later this year could send the metal higher, said Jeff Clark, editor of the TheGoldAdvisor.com.  In early May Clark spoke to Kitco Mining at Deutsche Goldmesse in Frankfurt, Germany.  Gold has hit several all-time highs this attributed to strong central bank buying.  "This could be a banner year for central bank...

While the Federal Reserve is delaying rate cuts due to inflation, the economy is still getting lots of support, noted Eric Strand, founder and portfolio manager of AuAg Funds.  In early May Strand spoke to Kitco Mining at Deutsche Goldmesse.  Strand believes central bank buying, signs of continued monetary easing, and the massive deficits incurred by the U.S. are primary drivers behind gold's...

Despite high yields and a strong U.S. dollar, gold is moving higher because of the compelling macro picture, said Brien Lundin, editor of the Gold Newsletter.  In early May Lundin spoke to Kitco Mining at Deutsche Goldmesse in Frankfurt, Germany.  He called the rally surprising and believes it is driven by a combination of factors, including central bank buying, strong demand from China, increased...

Central bank buyers could be less sensitive to higher gold prices, said Aakash Doshi, NAM Head of Commodities Research at Citi.  On Tuesday, Doshi spoke to Kitco Mining.  Jewelry fabrication typically represents about 50% of the gold market, with the rest of the demand coming from investing, central banks and industrial uses.  “Historically, the demand side of the ledger has been driven and led by...

Mining equity investors need to be patient, said Lobo Tiggre, editor of the IndependentSpeculator.com.  In early May Tiggre spoke to Kitco correspondent Paul Harris at Deutsche Goldmesse held in Frankfurt, Germany.  Tiggre noted the disconnect between high metal prices and mining equities that are not performing as well as they should.  Gold has hit several all-time highs in 2024, but the gold min...