Kitco MINING

Silver can move quickly in a short period of time, noted Michael Konnert, president and CEO of Vizsla Silver.  On Thursday Konnert spoke to Kitco Mining.  Vizsla Silver (NYSE: VZLA) is advancing its Pacuno project in Mexico. The company received its preliminary economic assessment in July. Highlights were an estimated after-tax NPV (5%) of more than US$1.1 billion, an after-tax IRR of 85.7% and a...

Silver prices should spike higher with gold hitting a new all-time high above $2,500 an ounce, said John Ciampaglia, CEO of Sprott Asset Management.  Last week, Ciampaglia spoke to Kitco Mining.  Western investors are finally starting to show an interest in gold, noted Ciampaglia, driven by concerns about market disruptions and geopolitical risks. However, gold miners haven't seen the same le...

Silver usually out-performs gold, but silver starts slower, said Jeff Clark, founder of the TheGoldAdvisor.com. Last week Kitco Mining spoke to Clark.  Clark noted that the gold miners, represented by GDX, haven't outperformed gold. As of August 8, both gold prices and the GDX were showing similar returns. Clark expected the gold miners to start to turn around when the miners start showing hi...

Copper and gold work together, said Mark Bristow, CEO of Barrick Gold.  On Thursday Bristow spoke to Kitco Mining.  Early this week Barrick Gold filed its Q2. Analysts had been following the second quarter results of all the gold miners to see how strongly the companies might perform off record high prices for the metal. Net earnings at Barrick were up 25% and the attributable EBITDA margin was up...

Junior resource companies are starved for attention and undervalued, according to institutional advisor Jayant Bhandari.  Last week Bhandari spoke to Kitco Mining.  Gold has hit several all-time highs in 2024. Despite roaring metal prices, upside for the resource stocks has been limited. As of August 14, the VanEck Junior Gold Miners index is up 20% year to date while physical gold is up 17%. Bhan...

Copper projects still need a better incentive price, said Matt Geiger, managing partner at MJG Capital.  On Tuesday, Geiger spoke to Kitco Mining.  MJG Capital is a limited partnership that specializes in long-term natural resource investments. Founded in 2011, the partnership holds a concentrated, long-only portfolio of natural resource equities. Geiger noted that copper-focused investments had i...

Diversified supply chains are necessary, said Jigar Shah, director of the Loan Programs Office, U.S. Department of Energy.  On Tuesday, Shah spoke to Kitco Mining.  After the Biden administration passed the Inflation Reduction Act nearly two years ago, Shah's office has been behind notable mine financings, such as $102.1 million to Syrah Technologies LLC to process graphite, and $2.26 billion...

Nations Royalty (CVE: NRC) has a first mover advantage, said Kody Penner, VP, corporate development at Nations Royalty.  Last week Kitco Mining spoke to Penner and Derrick Pattenden, chief investment officer at Nations Royalty.   Nations Royalty is a newly-formed royalty company under-pinned by five Nisga’a Benefits Agreement Royalties with a net asset value of $214 million. According to the compa...

Roaring copper prices are due to speculators, said Gianni Kovacevic, investor and author.  On Tuesday Kovacevic spoke to Kitco Mining. Kovacevic is the author of My Electrician Drives a Porsche? Copper has had a great run in 2024, hitting an all-time high of $5.20 pound in May. Although he is a copper bull, Kovacevic said it is too much, too fast. He views the recent run as being driven by specula...

The Federal Reserve got ahead of itself earlier this year thinking it had inflation whipped, said James Fishback, co-founder and chief investment officer at Azoria. Fishback spoke to Kitco on Tuesday.  Back in December, the market was expecting more rate cuts than it will get this year. Fishback said the Fed and Chair Jerome Powell erred when it had its "mission accomplished December Fed meet...

President and CEO Ammar Al-Joundi is very satisfied with Agnico Eagle Mines' project pipeline.  On Thursday Al-Joundi spoke to Kitco Mining.  Agnico Eagle Mines (NYSE: AEM) is a Canadian based senior gold mining company. It's the third-largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico. Agnico is guiding to 3.35 to 3.55...

Gold miners should be up about double the metal price, but that hasn't happened, noted Ryan McIntyre, a managing partner at Sprott.  On Tuesday McIntyre spoke to Kitco Mining.  Sprott offers investments in precious metals and critical materials, including gold, silver, platinum and palladium. Sprott was founded in 1981 by Eric Sprott. The company has 250,000 clients and about $29.4 billion in...

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...

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...