Kitco MINING

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...

A general mining recovery begins with producers, said George Salamis executive chair of Integra Resources ( @integraresourcescorp.1721 )     On Tuesday Salamis spoke to Kitco Mining.  Integra Resources is focused on the Great Basin of the Western USA. The company has two flagship oxide heap leach projects: the past producing DeLamar project located in southwestern Idaho and the Nevada North projec...

The mining market is still subdued despite "violent moves" higher by gold, said Kai Hoffmann, the CEO of Soar Financial.  On Monday Hoffmann spoke to Kitco Mining. Hoffmann is hosting Deutsche Goldmesse in Frankfurt, a two-day event kicking off May 3 that will showcase 30 resource companies. Some of the keynote speakers will be Brien Lundin, Lobo Tiggre and Jeff Clarke.  Hoffmann tracks...

Newcore Gold jumped 75% this month after releasing an updated preliminary economic assessment.  On Tuesday President and CEO Luke Alexander spoke to Kitco Mining.  The mining sector has been enjoying good tailwinds: copper has run up 20%, and gold has hit several all-time highs this year. Still financings remain moderate, according Oreninc. Selective companies are being financed. Alexander hopes t...

Management, deposit and social license are all key when considering a resource investment, said Alex Black, executive chairman of Rio2, but time to production plays an important role, too.  Black spoke to Kitco Mining on Monday.  Rio2 (TSXV: RIO) is advancing its Fenix gold project in Chile. In April, the company announced a $23 million financing. The company also advanced some of its environmenta...

Gold should head higher due to debts and deficits, said Peter Grosskopf, chairman of SCP Resource Finance.  On Wednesday Grosskopf was interviewed by Kitco Mining.  Gold has been hitting fresh all-time highs late into 2023 and through 2024, but gold miners have only just rallied in the last month. Gold equities, measured by the GDX, is up over 16% in the past month. "The market finally woken...

Investors still haven't made the link between high gold prices and mining equities, said Robert Quartermain, co-chairman of Dakota Gold.  On Monday Quartermain spoke to Kitco Mining.  Quartermain has a storied career in mining. Most recently he was Executive Chairman of Pretium Resources Inc., which he founded in October 2010. Pretium's Brucejack mine became Canada’s fourth-largest gold...

Mergers and acquisitions should continue through 2024, said David D'Onofrio, CFO of PowerOne Capital Markets. D'Onofrio spoke to Kitco Mining in early March at PDAC 2024 in Toronto, Canada.  PowerOne Capital Markets is a diversified merchant bank, and notable mining investments include Collective Mining, enCore Energy and Neo Lithium. D'Onofrio is also CEO of White Gold, a Canadian...

The disconnect between gold prices and gold equities are explained by central bank precious metal purchases, said Wheaton Precious Metals CEO Randy Smallwood.  On Friday, Smallwood spoke to Kitco Mining.  Wheaton Precious Metals is a precious metals streaming company headquartered in Vancouver, B.C. Last week the company released its 4Q and year-end. Gold equivalent ounces produced was 619,608 oun...

Uranium is “a very unique commodity” that even at $100 a pound is still seeing a supply deficit, says John Ciampaglia, CEO of Sprott Asset Management.   In February Ciampaglia spoke to Kitco Mining at the BMO Global Metals, Mining & Critical Minerals Conference 2024 in Hollywood, Florida.   “We don't see a real meaningful supply response coming for the next few years and in the absence of...

Lithium futures are trading higher, and Asian battery manufacturers are saying demand will surprise to the upside, says Francis MacDonald, CEO and director of Li-FT Power (TSXV:LIFT). MacDonald spoke to Kitco Mining in early March at PDAC 2024 in Toronto, Canada. “Hopefully that's an indication that we're coming out of the bottom,” he said, noting lithium carbonate prices have been stuck...

Barrick Gold (TSX:ABX) is focused on replacing the ounces it mines through exploration, says President & CEO Mark Bristow. In February Bristow spoke to Kitco Mining at the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida. “We've really invested in the quality of our explorers and that's what adds value,” he said, noting that Barrick is spending...

Alamos Gold really hit its stride this decade, said John McCluskey, president and CEO.  In early March McCluskey spoke to Kitco Mining at PDAC 2024 in Toronto, Canada.  Alamos (NYSE:AGI) is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America: the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos Mine in...

You need dedicated teams with staying power to drive meaningful supply in beaten down markets, noted Shaun Usmar, founder and CEO of Triple Flag Precious Metals. In early March Usmar spoke to Kitco Mining at PDAC 2024 in Toronto, Canada.  Usmar was asked about the underappreciated copper markets. He said that the incentive price needs to be higher for serious investment to flow into the space, but...

Seventy percent of the world’s remaining copper resources are trapped in low-grade primary sulfide deposits. Being able to release that copper at a low cost, and with minimal capital expenditures is a big deal for the mining industry, says Mike Outwin, co-founder and CEO of privately held Jetti Resources. In February Outwin spoke to Kitco Mining at the BMO Global Metals, Mining & Critical Mine...

Finding 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...

Solaris Resources has been transformed thanks to a $130 million investment by one of the world's largest miners, Zijin Mining Group.  Solaris’ president and CEO Daniel Earle spoke to Kitco Mining in February at the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida. Solaris Resources (TSX: SLS) is advancing its flagship Warintza project in Ecuador. The com...

The Séguéla mine in Côte d’Ivoire and the recently acquired Diamba Sud gold project in Senegal are “the two high-value opportunities,” says Jorge Ganoza, president & CEO of Fortuna Silver Mines (TSX:FVI). In February Ganoza spoke to Kitco Mining at the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida. The Canadian-listed precious metals company has mines...