Kitco MINING

What will it take to get generalist investors to exit their current portfolios and add some gold equities, asked Warren Irwin, president and CIO of Rosseau Asset Management.  Last week Iriwin spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado. Rosseau is a money management firm based in Toronto.  Irwin noted the subdued atmosphere at the summit, despite gold reaching...

While M&A is heating up due to good gold prices, there is not a lot to acquire, said Ari Sussman, executive chair of Collective Mining. This week Sussman spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado. Collective Mining Ltd. (NYSE: CNL) is a copper, silver, gold and tungsten exploration company with projects in Caldas, Colombia. The company has options to acq...

Maintain fiscal discipline, warns Mark Bristow, president and CEO of Barrick Gold. This week Bristow spoke to Kitco Mining at the Gold Forum Americas / XPL-DEV 2024 in Colorado.   Gold has hit several all-time highs in 2024. The gold miners, measured by the GDX, are up about 32% year to date. Barrick has been lagging its peers, up just 18% over the same period. The run in gold has spurred some big...

Despite high metal prices, it is still a challenging market for juniors, said Luke Alexander, president and CEO of Newcore Gold. Last week Alexander spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado. Newcore Gold Ltd. (TSX-V: NCAU) is advancing its Enchi gold project in Ghana. In April the company released an updated preliminary economic assessment. At a gold price...

The CEO of Kinross Gold, Paul Rollinson, is feeling vindication for his early call on Great Bear Resources.  Last week Rollinson spoke to Kitco Mining at the Gold Forum Americas / XPL-DEV 2024 in Colorado. Founded in 1993, Kinross Gold is a senior gold mining company with a diverse portfolio of mines and projects in the United States, Canada, Brazil, Chile, and Mauritania. Last decade the miner su...

Not all junior companies are going to benefit when investors return to the sector, said Michael Gray, partner at Agentis Capital.  Last week, Gray spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado.  Gray highlighted key factors for evaluating junior mining stocks, emphasizing the importance of “grams times meters intercepts,” which measure the quality of gold deposi...

Junior resource stocks will lag the metal price, because the past run up disappointed investors, said M. Stephen Enders, executive chair at Brooks & Nelson.  Last week Enders spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado.  Enders emphasized that while technical, legal, and ESG (Environmental, Social, and Governance) due diligence are crucial, understanding t...

With the gold majors generating lots of cash from high metal prices, M&A should heat up, said Scott Berdahl, CEO of Snowline Gold.  On Wednesday Berdahl spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado.  Snowline Gold Corp. (TSX-V: SGD) is a Yukon Territory focused gold exploration company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2)....

Forget worries that the economy is facing a hard landing, debt levels are the bigger risk, said Joe Foster, gold strategist at VanEck. Foster spoke to Kitco Mining on Wednesday at the 2024 Precious Metals Summit Beaver Creek in Colorado.  Gold hit several all-time highs in 2024. Foster attributes the historically high gold price of $2,500 per ounce to increased global risk, strong central bank dem...

Margins are still a struggle for the miners despite energy costs coming down, said Rick Rule, president and CEO of Rule Investment Media. Rule Spoke to Kitco Mining on Wednesday at the 2024 Precious Metals Summit Beaver Creek in Colorado. Rule is also the former CEO and President of Sprott U.S. Holdings. Rule said it is a good market to invest in. He sees opportunities due to the disparity between...

The gold trade has moved from West to East, said Florian Grummes, managing director of Midas Touch Consulting. On Wednesday, Grummes spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado.  Despite a recent consolidation phase, Grummes believes that gold's uptrend remains intact, with a potential target of $3,100 per ounce. Grummes highlighted several factors suppor...

opportunities in the resource space. One metal is of particular interest.   “My whole life I have wanted to do a pure primary silver play,” said Giustra. “I've never been able to pull it off because I haven't found the right assets.” Gold has hit several all-time highs in 2024. Giustra is waiting for the broader market to take notice.    “I've never seen a market where there is such...

Gold is not yet at the euphoria stage, but the metal’s rally has legs, said Ronald-Peter Stoeferle, managing partner at Icrementum AG.  On Tuesday, Stoeferle spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado.  Incrementum AG is an independent fund and asset management company based in Liechtenstein. Every end of May, Incrementum publishes the report In Gold We Trust...

Gold hitting $3,000 ounce in 2025 would not surprise Keith Neumeyer, president and CEO of First Majestic Silver. On Monday Neumeyer spoke to Kitco at the Vancouver studio.  Last week First Majestic Silver Corp. (NYSE:AG) announced that it entered into a definitive merger agreement with Gatos Silver whereby First Majestic will acquire all of the issued and outstanding common shares of Gatos. Gatos...

The junior resource space is facing competition from other sectors of the economy that offer high risk, high reward investment opportunities, said Ken Armstrong, president and CEO of North Arrow Minerals.  On Thursday Armstrong spoke to Kitco Mining.  North Arrow Minerals (TSX-V:NAR) is a Canadian based exploration company focused on the identification and evaluation of exploration opportunities i...

Increased supply and poor economic conditions over the short term could hurt copper, said Scott Pollan, president of Emergency Material Services.  On Thursday Pollan spoke to Kitco Mining.  Pollan predicts a near-term decline, potentially reaching below $3.50 by the end of the year, and a possible revisit of 2022 lows in early 2025. He attributed the decline to weakening demand and increasing supp...

Slowing electric vehicle sales and new tech are both contributing to lithium sector woes, said Daniel Jimenez, partner at iLiMarkets.  Last week Jimenez spoke to Kitco Mining.  iLiMarkets is a business consulting firm, specialized in the lithium industry. Jiminez worked 28 years at SQM, one of the world's biggest lithium producer. Jiminez was responsible for production and commercialization o...

Copper is increasingly viewed as a critical asset in the global energy transition. A looming supply crunch driven by high demand is elevating prices to record highs.   Hosted by Paul Harris, the Kitco Copper Masters Panel brought together industry leaders Robert Friedland, Kathleen Quirk, and Colin Hamilton to explore why copper is positioned as one of the most crucial resources in the coming deca...

Silver prices will move higher, said Randy Smallwood, the CEO of Wheaton Precious Metals.  On Wednesday Smallwood spoke to Kitco Mining.  Wheaton Precious Metals is a top precious metals streaming company. In its Q2 released early in August, the company generated $234 million in operating cash flow, resulting in record cash flows of over $450 million for the first half of the year. 2024 production...

Gold is finally getting some attention from the mainstream press, noted John A. McCluskey, president and CEO of Alamos Gold.  On Wednesday McCluskey spoke to Kitco Mining.  Alamos Gold (NYSE:AGI) is a Canadian-based intermediate gold producer with production from three operating mines in North America: Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora...

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...