Kitco NEWS Roundtable

The surprise bid by Glencore for Teck was covered on Kitco Roundtable, recorded on Friday.   The week started with Glencore making an unsolicited $23 billion bid for Teck, which Teck rebuffed.   Also this week Pan American Silver, Agnico Eagle wrapped up their $4.8 billion deal to acquire Yamana Gold. Agnico Eagle now owns 100% of Canadian Malartic. The company's production in the Abitibi gold bel...

While precious metal prices have been relatively high this year, it could be too early to leap into junior gold stocks, said Rick Rule, president and CEO of Rule Investment Media.   On Friday Rule recorded Kitco Roundtable with Kitco correspodent Paul Harris and mining audiences manager Michael McCrae.   Gold gained $150 in March — its best month since July 2020, noted Kitco's Anna Golubova. Analy...

The same news that drove gold higher this week also gave copper a lift, noted mining audiences manager Michael McCrae.   On Thursday McCrae recorded Kitco Roundtable with correspondent Paul Harris. Gold started off the week strong due to wobbles in the banking sector. Credit Suisse, the European banking giant, was taken over by UBS on the weekend.   The markets then turned to the Fed and its rate...

It is a tough time to finance gold exploration projects, says Ari Sussman, executive chair of Collective Mining, who just announced a S$30M bought deal, but conditions will improve as 2023 progresses as investors seek safe haven investments in real assets.

  While relatively high gold prices favor the producers, weak financing conditions are going to be a drag on companies not yet producing, noted Kitco correspondent Paul Harris.  On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae and Meridian Mining Executive Chairman Gilbert Clark.  Meridian Mine (TSX:MNO) is focused on advancing its Cabaçal gold-copper deposit...

Although gold prices are down from the start of the year, miners still have healthy margins at the current price levels, noted Kitco correspondent Paul Harris.   In February Harris recorded Kitco Roundtable at BMO Global Metals, Mining & Critical Minerals Conference with Mining Audiences manager Michael McCrae and Adriatic Metals CEO Paul Cronin. Adriatic Metals (ASX:ADT) will commence production...

The Fed is expected to keep up its fight against inflation rather than ease, and that is bad for gold.   On Saturday Mining Audiences Manager Michael McCrae recorded Kitco Roundtable. 

Early this week B2Gold said it would acquire Sabina Gold & Silver for C$1.1 billion (US$823.66 million). On Friday's Roundtable mining audiences manager Michael McCrae and Kitco correspondent Paul Harris talked about yet another big M&A in the gold sector.  Early this month number one gold miner Newmont made a $16.9 billion offer for number seven ranked Newcrest. This week Newcrest said the offer...

Newcrest Mining, which has a number of assets in B.C., received a $16.9 billion bid from Newmont early this week.   On Friday Kitco correspondent Paul Harris discussed on Kitco Roundtable how Newmont's portfolio would change if the deal goes through.   By gold production Newmont is the world's number one gold miner. Newcrest is ranked number seven. 

The gold market saw significant losses on Friday as the precious metal dropped $50 on the day following a shockingly solid employment report out of the U.S., said mining audiences manager Michael McCrae.   On Friday McCrae recorded Kitco Roundtable.   The U.S. economy added a staggering 517,000 jobs in January as the unemployment rate dropped to 3.4% — the lowest level since 1969, noted Kitco repo...

Gold finished last week with its sixth consecutive gain, but the Federal Reserve could slow the metal, noted mining audiences manager Michael McCrae.   On Monday McCrae recorded an episode of Kitco Roundtable.   Fed chair Jerome Powell is giving a press conference on Monday.  The Twin Metals decision was also covered. The Department of Interior cancelled two hardrock leases in northeastern Minneso...

High battery metals prices, perhaps another lithium squeeze and geopolitical maneuvering will make 2023 an exciting year, Matt Fernley of Battery Metals Review says on the Kitco Roundtable.

A less rosy jobs report helped gold end the week higher, noted mining audiences manager Michael McCrae.   On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and Aura Minerals CEO Rodrigo Barbosa.   U.S. employment data from December showed a slight slowdown in hiring. The U.S. unemployment rate dropped to 3.5%, beating market consensus calls of 3.7% for December.   As of noo...

The critical metal sector saw two big deals during the second last week of the year, noted Michael McCrae, mining audiences manager at Kitco   On Friday McCrae recorded Kitco Roundtable with John Feneck, Portfolio Manager and Founder of Feneck Consulting.  This week the world's largest miner, BHP, firmed up terms to acquire OZ Minerals. Deal has been upsized to $6.39 billion. For comparison, the A...

After Agnico Eagle Mines and Pan American Silver announced that they would acquire Yamana Gold in November, the Quebec miner is not expected to slow its pace.   On Friday Maple Gold Mines' Matthew Hornor made the remarks while recording Kitco Roundtable with mining audiences manager Michael McCrae and Kitco correspondent Paul Harris.   Maple Gold Mines (TSX.V: MGM) is a Canadian advanced explorati...

Problems with the copper market were exemplified by two big production reports released this week, noted mining audiences manager Michael McCrae.   On Friday McCrae recorded Kitco Roundtable.   This week Goldman Sachs predicted prices could reach a record high of $11,000 a tonne within in a year. Copper is expected to be undersupplied in 2023 and "peak supply is now immovably fixed in mid-2024 ......

German car maker BMW said on Thursday it had invested in Jetti Resources, which has the technology extract copper from low grade material.   On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.   McCrae also covered gold's big run in November. 

Worries about inflation appear to be supplanted by fears about a recession, noted mining audiences manager Michael McCrae.   On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris.  The Federal Reserve started raising interest rates in the summer to fight inflation. There are signs the medicine is taking hold. Consumer price inflation figure was lower than expected last month. C...

This month's jump in gold prices off the good inflation numbers along with woes in the crypto space provided a lift to junior gold miners, said mining audiences manager Michael McCrae.   On Saturday McCrae recorded Kitco Roundtable with Exploration Insights' Joe Mazumdar and Soar Financial's Kai Hoffmann at Deutsche Goldmesse in Frankfurt.   Podcast was sponsored by Snowline Gold. 

Yamana Gold is set to be acquired by Pan American Silver and Agnico Eagle Mines after Gold Fields dropped out of the bidding.  Kitco correspondent Paul Harris, Soar Finanicial CEO Kai Hoffmann and guest Sam Ash, CEO of Bunker Hill Mining, discussed the week's mining and metal news on Kitco Roundtable.   This week Yamana Gold said it preferred a deal offered by Pan American Silver and Agnico Eagle...

The metals sector ended the week on a positive note with a big bounce for most metals and news that Yamana attracted a new suitor.   On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.  Gold prices surged nearly $50 on Friday as the latest U.S. jobs report clarified some of the Federal Reserve's mixed messages, and China signaled a possible easing of its Covid-Zero polic...

Battery-metal producers warned of softer prices in this season's quarterlies, said mining audiences manager Michael McCrae.    On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and Revival Gold CEO Hugh Agro. 

This past week the United States Department Of Energy announced several grants to battery metal miners, noted mining audiences manager Michael McCrae.  On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.  The recently passed Inflation Reduction Act included a provision to fund energy transition. It incentivized companies to build battery metal manufacturing facilities...

A string of economic data is throttling commodities On Friday mining audiences manager Michael McCrae recorded Kitco Roundtable with correspondent Paul Harris.  On Thursday consumer price inflation report was released by the U.S. Bureau of Labor. Inflation increased by 0.4% in September which was higher than the forecasts predicted.   The inflation print along with last week's strong jobs number p...

A stronger than expected Friday jobs report halted market momentum, and the decision on Thacker Pass, America's next big lithium mine was pushed to the new year. On Friday mining audiences manager Michael McCrae rounded up the metals and mining news for the week.