Miners with a sizable ownership stake in their own companies are crucial to ensuring business decisions are aligned with shareholder interests, said Brett Heath, president and CEO of Metalla Royalty & Streaming. Last week, Heath spoke to Kitco Mining at the Gold Forum Americas/XPL-DEV 2024 in Colorado. Metalla Royalty & Streaming Ltd. (TSXV: MTA) is a royalty and streaming company with exposure to gold, silver, and copper. The company holds around 100 royalties and streams, with key asse...
Sep 25, 2024•24 min
Reaching an agreement with the Malian government helped propel B2Gold’s stock price, CEO Clive Johnson noted. Last week, Johnson spoke to Kitco Mining at the Gold Forum Americas/XPL-DEV 2024 in Colorado. B2Gold (TSX: BTO) is a senior gold producer headquartered in Vancouver, Canada. Founded in 2007, the company operates gold mines in Mali, Namibia, and the Philippines. The Goose project is under construction in northern Canada. B2Gold forecasts total consolidated gold production of between 800,0...
Sep 25, 2024•22 min
Kazakhstan is far afield, but low costs make it an attractive draw, said Darren Klinck, president of Arras Minerals. Last week Klinck spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado. Arras Minerals is advancing a portfolio of copper-gold assets in Kazakhstan. The company is exploring a porphyry belt. Klinck said the country has an all-important cost advantage compared to other jurisdictions. “I think one of the big challenges we have right now is cost structure,...
Sep 24, 2024•17 min
Cost containment is key, so investors benefit from high gold prices, said Ammar Al-Joundi, president and CEO of Agnico Eagle Mines. Last week, Al-Joundi spoke to Kitco Mining at the Gold Forum Americas / XPL-DEV 2024 in Colorado. Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian based gold mining company. It is the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico. With gold hitting several all-time highs in 2024, the c...
Sep 24, 2024•17 min
There are more opportunities for consolidation in the gold sector, said Mike Fraser, CEO of Gold Fields. This week Fraser spoke to Kitco Mining at the Gold Forum Americas / XPL-DEV 2024 in Colorado. Headquartered in South Africa, Gold Fields is a 918,000 ounce gold producer. In 2022 Gold Fields tried to acquire Yamana Gold. Agnico Eagle Mines prevailed after Gold Fields' investors soured on the deal. Gold Fields CEO Chris Griffith left the company. Fraser took over in October 2023. Fraser discus...
Sep 23, 2024•11 min
The broader markets won't be able to ignore the gains the miners are making, said Rob McEwen, chair and chief owner of McEwen Mining. Last week McEwen spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado. McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. With gold hitting record highs, McEwen believes investor interest will grow, particularly as investors realize the rapid price increase and potential gains in the se...
Sep 23, 2024•22 min
Cost containment and productivity gains are a priority at Newmont, said Natascha Viljoen, Executive VP and COO of the company. This week, Viljoen spoke to Kitco Mining at the Gold Forum Americas / XPL-DEV 2024 in Colorado. Newmont is the world's largest gold producer by output. It also produces copper, zinc, lead, and silver. Over the past year, the company has been active in mergers and acquisitions (M&A). In 2023, it acquired the world’s fifth-largest gold miner, Newcrest, for $17.4 billio...
Sep 20, 2024•12 min
Despite gold hitting several all-time highs, the mood in the junior sector is subdued, said Matt Geiger, managing partner at MJG Capital. Last week Geiger spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado. Geiger highlighted several major mergers and acquisitions (M&A) over the past six weeks, noting that these deals have generated significant activity in what is typically a quiet period. Major transactions included Filo $4.1 billion acquisition by BHP and Lun...
Sep 20, 2024•20 min
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 record highs. He said the lack of enthusiasm stems from capital flow challenges, as many investors ar...
Sep 19, 2024•24 min
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 acquire 100% interests in two projects located directly within an established mining camp with ten full...
Sep 19, 2024•19 min
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 of $1,850 per ounce, the company showed a $586 million pre-tax net present value discounted at 5% an...
Sep 18, 2024•17 min
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 transactions, notably AngloGold Ashanti buying Centamin for $2.5 billion and Gold Fields acquiring Os...
Sep 18, 2024•34 min
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 suffered some setbacks having to exit Russia and Central America. In 2022 Kinross had to divest from Ru...
Sep 18, 2024•25 min
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 deposits. He noted that the metric can indicate strong investment opportunities. Gray uses this metric to tr...
Sep 17, 2024•23 min
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 the management team is even more critical. “People on the buy side in particular need to do a better jo...
Sep 16, 2024•12 min
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). Snowline’s project portfolio sits within the Tintina Gold Province, host to multiple million-ounce-pl...
Sep 16, 2024•20 min
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 demand, and geopolitical uncertainties. He believes that the Federal Reserve's expected interest rate cu...
Sep 13, 2024•14 min
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 rising commodity prices and stagnant equity prices. He focuses on companies with proven management ...
Sep 13, 2024•22 min
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 supporting his bullish outlook: Gold has formed a strong cup-and-handle pattern, suggesting further upside. Grow...
Sep 12, 2024•19 min
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 a difference between the gold price and mining stocks,” said Giustra. “Investment banks offer us financing...then they ...
Sep 11, 2024•17 min
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. In 2024, gold has hit several all-time highs, with prices currently holding initial support above $2...
Sep 11, 2024•14 min
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 is a silver-dominant producer with a 70% interest in the Los Gatos Joint Venture, which owns the prod...
Sep 10, 2024•17 min
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 in Canada. This month North Arrow Minerals announced an option agreement to earn up to an 80% interest ...
Sep 09, 2024•15 min
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 supply. However, Pollen remains bullish on copper long-term, citing the millennial consumption cycle and t...
Sep 06, 2024•14 min
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 of lithium carbonate and lithium hydroxide to Asia, Europe and North America, as well as developing SQM's co...
Aug 27, 2024•21 min
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 decade. This live segment aired on YouTube on August 22, 2024 at 3 PM EDT / 12 PM PDT. Coverage brought to...
Aug 26, 2024•1 hr 9 min
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 guidance is 550,000 to 620,000 gold equivalent ounces. Wheaton Precious Metals is up 29% year-to-date...
Aug 26, 2024•20 min
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 State, Mexico. Alamos Gold expects to produce between 485,000 and 525,000 ounces of gold in 2024. The ...
Aug 23, 2024•26 min
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 payback over a period of about nine months. Annually, the mine is projected to produce an average of 1...
Aug 20, 2024•15 min
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 level of interest, which Ciampaglia attributed to the lack of institutional investment. He also noted the rec...
Aug 20, 2024•16 min
