Kitco MINING

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...

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...