Kitco MINING

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The Global Leader In Resource News Kitco Mining delivers the latest news, in-depth analysis and valuable insights into the mining industry. Our extensive coverage of precious and base metal companies will keep you informed and prepared. Our scope isn't limited to gold and silver mining; we also explore base metals like lead and iron ore, as well as critical minerals like copper, cobalt, graphite, lithium, manganese, neodymium, nickel, niobium, palladium, platinum, rhodium, tin, tungsten, vanadium, and zinc. Be informed about energy transition and the battery metal sector. Kitco has exclusive access to influential CEOs and investors, so you can make confident, informed decisions. We cover the entire resource sector, from exploration and development companies to miners and royalty and streaming firms. Stay ahead of the curve. Subscribe today! GOLD LIVE! APP - https://applications.kitco.com In-depth coverage - https://www.kitco.com/mining

  1. Vale Base Metals Eyes 700,000-Ton Copper as IPO Plans Accelerate | Shaun Usmar

    1 HR AGO

    Vale Base Metals Eyes 700,000-Ton Copper as IPO Plans Accelerate | Shaun Usmar

    Vale Base Metals CEO Shaun Usmar says the company is reshaping its nickel and copper portfolio as it advances a consortium that will invest more than $200 million in the Thompson Nickel Complex in Manitoba while accelerating high-return copper growth in Brazil. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Usmar said the Thompson transaction brings in new capital and partners while Vale Base Metals retains a 19% stake and remains a key customer, positioning the asset for renewed focus after more than 60 years of operation. The company is targeting a doubling of copper production from roughly 350,000 tonnes per year to 700,000 tonnes through brownfield expansions, delivering returns above 25%, with some projects exceeding 50% internal rates of return following capital reductions and design changes. Usmar said operational discipline is driving the turnaround, with EBITDA rising from about $1.3 billion in 2024 to $2.3 billion in 2025 and nearly $1 billion of cash performance improvement, much of it from management actions rather than price. “We exceeded guidance for the first time in the history of this business,” he said, adding that the company is positioning to be IPO-ready by mid- to late-2026 while driving its nickel operations into the lower half of the cost curve. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/ 00:59 - Thompson Nickel Consortium Deal 02:42 - Why a Minority Stake 03:26 - Nickel Timing and Indonesia 05:15 - Cutting Costs and Boosting Throughput 07:07 - Canada Nickel Projects Reality Check 08:15 - Copper Growth to 700k Tons 13:14 - IPO Readiness and Timeline 16:54 - Long Term Investing and Geopolitics 20:24 - Valuation Expectations __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

    23 min
  2. First Majestic Doubles Dividend, Eyes Growth to 50M Ounces | Keith Neumeyer

    6 HR AGO

    First Majestic Doubles Dividend, Eyes Growth to 50M Ounces | Keith Neumeyer

    First Majestic Silver (NYSE: AG; TSX: AG) CEO Keith Neumeyer says silver’s move above $100 per ounce confirms tightening supply-demand fundamentals, even with a correction into the $80–$85 range. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Neumeyer said large institutions still “don’t believe the market,” arguing silver equities remain well below prior-cycle valuations despite stronger metal prices. First Majestic generated $250 million in free cash flow in Q4, holds approximately $1 billion in cash, and reported roughly $1.2 billion in revenue last year. The company produced 33 million ounces on an equivalent basis in 2025 and is targeting 50 million ounces longer term through exploration and internal expansions, with about $50 million allocated to exploration and roughly $80 million to development this year. “I think we’ll see 5,000 gold,” he said, adding that silver would go back to “triple digits fairly shortly.” Neumeyer also expects consolidation to accelerate, predicting the mining sector could shrink significantly over the next five years. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/ 01:48 - Why Silver Stocks Are Still Lagging Metal Prices 04:59 - Planning the Business Through Silver Volatility 06:31 - Cash Allocation: Dividends, Buybacks, and Growth 08:30 - Capital Discipline and the Coming M&A Wave 10:20 - Record-Low 0.125% Convertible Note Refinancing 12:02 - $4.3B Wheaton Stream and Silver’s Strategic Role 14:04 - First Majestic’s Role in Sector Consolidation 15:13 - Mexico Security Monitoring and Crisis Management 17:10 - Succession Planning and Leadership Development 19:24 - Path to 50 Million Ounces of Annual Production __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

    23 min
  3. New Gold Extends Rainy River to 2035 After 99% Vote for Coeur Deal

    6 HR AGO

    New Gold Extends Rainy River to 2035 After 99% Vote for Coeur Deal

    New Gold (NYSE American: NGD; TSX: NGD) CEO Patrick Godin says disciplined execution and reinvestment transformed the company ahead of its approved acquisition by Coeur Mining. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Godin outlined how Rainy River’s open pit was once expected to end in 2027 and the underground in 2030. Through sustained exploration investment, mine life has now been extended to 2035, materially reshaping the company’s long-term outlook. Godin said the transaction expands New Gold from a two-asset producer into a seven-asset, North America-focused portfolio with meaningful silver exposure alongside gold and copper. Shareholders approved the deal with a 99% vote. “We planned the mine, and we mined the plan,” he said, describing a shift toward tighter operational discipline and accountability. The combination adds scale, reduces asset concentration risk, and positions the company for greater stability across commodity cycles. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/ 00:24 - New Gold Turnaround Blueprint and Culture Reset 01:40 - Planning Discipline and Cash Flow Reinvestment 02:51 - Rainy River Mine Life Extended to 2035 04:17 - Talent Retention and Workforce Challenges in Mining 09:22 - Why Sell After Recovery and 99% Shareholder Vote 10:42 - Portfolio Fit, Commodity Mix and Risk Diversification 13:13 - Consolidation Trends and Mining Talent Gap 14:46 - Sector Outlook, Capital Discipline and Technology 17:52 - What’s Next for Patrick Godin? __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

    20 min
  4. Lundin Unveils 70-Year Copper Giant, Targets Top Five Global Scale | Jack Lundin

    1 DAY AGO

    Lundin Unveils 70-Year Copper Giant, Targets Top Five Global Scale | Jack Lundin

    Lundin Mining (TSX: LUN; Nasdaq Stockholm: LUMI) has released the first integrated preliminary economic assessment for the Vicuña copper district in Argentina, combining the Jose Maria and Filo del Sol deposits into a staged development plan. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, President and CEO Jack Lundin said the project could rank among the top five copper, gold, and silver producers globally. The PEA outlines an initial 25 years, averaging about 400,000 tonnes of copper and 600,000 ounces of gold annually, with peak years exceeding 500,000 tonnes of copper and 800,000 ounces of gold. Full-scale development carries a projected mine life of more than 70 years. “No better project out there that exists today, I believe in the copper sector than Vicuña,” Lundin said. With fiscal stability applications submitted under Argentina’s RIGI regime and a potential final investment decision targeted before year-end, Lundin Mining is positioning Vicuña as a multi-decade copper growth platform. Lundin also discusses financing flexibility and the company’s ambition to become a top 10 global copper producer. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com 01:02 - Vicuña Integrated PEA: Jose Maria + Filo del Sol 01:55 - 70+ Year Mine Life and Top Five Copper Scale 02:49 - Fast Track to FID: RIGI, EIA, and Timeline 05:11 - Leadership Team and Execution Plan at Vicuna 06:26 - Greenfield Build Risks at 4,500m Elevation 08:05 - Infrastructure Strategy and Potential Spinout 11:03 - Chile–Argentina Binational Mining Protocol 12:52 - Funding Strategy, Credit Facility, and Streaming Options 14:55 - Portfolio Reshaping: Europe Exit and Eagle Sale 17:10 - Copper M&A Trends and Top 10 Producer Ambition 19:08 - Chile Politics, Copper Outlook, and 2026 Milestones __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

    21 min
  5. Collective Targets 5–7 Moz Resource After Major Ramp Intercept | Ari Sussman

    1 DAY AGO

    Collective Targets 5–7 Moz Resource After Major Ramp Intercept | Ari Sussman

    Collective Mining (TSX: CNL; NYSE American: CNL) Executive Chair Ari Sussman joins Kitco Mining’s Investment Trends with Paul Harris to discuss new high-grade drilling from the Ramp Zone at the Guayabales Project in Colombia and the path toward a maiden resource in the first half of 2027. On February 24, 2026, the company reported 54.55 metres grading 7.04 g/t gold and 16 g/t silver from hole APC150-D1, with assay results pending for another 370.25 metres. Sussman said it is “the first time we’ve drilled a ramp from the south in a northeastern direction,” a shift he believes is confirming continuity along the breccia margins. Collective has confirmed 315 metres of high-grade mineralization along the outer southeast margin, with roughly 1,200 metres of additional breccia circumference still to be tested. Visual logging from the first western breccia hole intersected at least 20 metres of Ramp-style mineralization, with assays expected in late March 2026. Sussman said the company is “hoping to drill somewhere between five to 7 million ounces in our maiden resource” while advancing what he called its largest drill year ever at up to 100,000 metres in 2026. He also addresses drilling at San Antonio, tungsten prices up north of 500% over the past 12 months, investor focus on Colombia’s upcoming presidential election, and why he believes major producers face long-term growth challenges that could drive future M&A. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. 02:06 - San Antonio Drilling and Porphyry Target Expansion 04:25 - Ramp Zone Expansion and Breccia Margin Potential 06:01 - 5 to 7 Million Ounce Maiden Resource Target 08:14 - Metallurgy Results and Expected Recoveries 09:27 - Gold Bull Market and Valuation Discussion 11:33 - Colombia Election Risk and Investor Concerns 12:53 - Building the Executive Team for Development 15:50 - 100,000 Meter Drill Plan and 2026 Catalysts __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

    17 min
  6. LunR Royalties Secures $670M Silver Stream on Fruta del Norte | Adam Lundin

    2 DAYS AGO

    LunR Royalties Secures $670M Silver Stream on Fruta del Norte | Adam Lundin

    LunR Royalties (TSXV: LUNR) has announced a $670 million life-of-mine silver stream on Lundin Gold’s Fruta del Norte mine in Ecuador, a deal that delivers immediate precious metals cash flow to the recently listed royalty company. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, CEO Adam Lundin described the structure as “a very elegant way to get cash flow into Lunar,” with approximately 50 million LunR shares issued to Lundin Gold for distribution to its shareholders. The stream provides exposure to more than 500,000 ounces of annual silver production, closely aligned with Lundin Gold’s roughly 500,000 ounces of gold output. The transaction increases LunR’s free float, introduces Newmont as a major shareholder with board representation, and positions the company within the underrepresented $1 billion to $10 billion royalty gap. A shareholder vote is required to complete the transaction as LunR scales into a cash-flowing precious metals platform. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. 👉 Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/ 00:23 - $670M Silver Stream Deal Overview and Rationale 00:43 - How the Share-Based Streaming Structure Works 02:36 - Liquidity, Free Float and Newmont as Shareholder 03:57 - Why Build a Royalty Company Now 04:52 - Scaling LunR Into the $1B–$10B Royalty Gap 05:38 - Competing for Deals in a Crowded Royalty Market 06:33 - Vicuna PEA Results and Phase One Economics 07:36 - Large Silver Stream Deals and Vicuna Potential 08:46 - Faraday Copper Deal With BHP Explained 09:48 - Copper Market Outlook at $6 Per Pound 10:53 - What’s Next for LunR Royalties __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

    12 min
  7. B2Gold Founder Clive Johnson to Step Down as CEO in June

    2 DAYS AGO

    B2Gold Founder Clive Johnson to Step Down as CEO in June

    B2Gold (NYSE American: BTG; TSX: BTO) founder Clive Johnson will retire as President and CEO at the company’s annual meeting on June 4, ending a two-decade run that built the miner into a 1 million ounce per year gold producer. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, Johnson said it was “a good time to look at passing the baton.” CFO Mike Cinnamond will succeed him, with Johnson remaining as chair emeritus. The transition comes as B2Gold ramps up the Goose mine in Nunavut, where crushing circuit modifications are underway as production moves toward design capacity. The company forecasts 2026 production between 820,000 and 970,000 ounces, with output expected to return to 2025 levels by 2027. In Mali, a regional permit at Fekola is expected shortly and could add 180,000 ounces per year. Johnson said B2Gold is “clearly undervalued” and must “get value for the existing assets” before pursuing acquisitions. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. 👉 Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com 00:40 - B2Gold CEO Clive Johnson to Retire on June 4 01:28 - CFO Mike Cinnamond Named Successor 01:45 - Legacy, Values and Global Expansion 02:38 - Goose, Fekola, and Gramalote Growth Pipeline 04:07 - Gramalote Strategy at Higher Gold Prices 05:52 - Path to 2 Million Ounces: M&A and Expansion 06:38 - “Clearly Undervalued”: Stock and Market Perception 08:58 - Goose Ramp-Up and Crushing Circuit Fix 09:34 - 2026 Production Outlook and Free Cash Flow 10:27 - Dividend Policy and Share Buybacks 11:49 - What’s Next for Clive Johnson __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

    14 min
  8. Agnico Delivers $4.4B FCF, 40% Returns, 4M oz Plan | Ammar Al-Joundi

    3 DAYS AGO

    Agnico Delivers $4.4B FCF, 40% Returns, 4M oz Plan | Ammar Al-Joundi

    Ammar Al-Joundi, President and CEO of Agnico Eagle Mines (NYSE: AEM; TSX: AEM), says the company is in its strongest financial position after a record 2025. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, Al-Joundi highlighted roughly $4.4 billion in free cash flow, about $950 million in debt repayment, and $1.4 billion returned to shareholders in 2025. “Our job is to give them as much of that increase as possible,” he said, adding Agnico delivered “over 95%” of the gold price increase to its owners through cost discipline and operating performance. Looking ahead, Al-Joundi outlined a plan to increase production 20 to 30% over the next decade, targeting more than 4 million ounces annually in the early 2030s, with growth anchored by Detour Lake, Canadian Malartic, Hope Bay, and Upper Beaver. He said the company expects to make a go-ahead decision on Hope Bay in May and plans to return about 40% of free cash flow to shareholders this year while maintaining full exposure to gold prices. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. 👉 Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com 01:05 - Record 2025 Results: Safety, Cost Control, and Margin Discipline 02:39 - 10-Year Growth Plan: Four Projects Targeting 4M+ oz 03:56 - Detour Lake Expansion: Underground Mining to Reach 1M oz 04:46 - Canadian Malartic: Higher-Grade Replacement for Open Pit 06:44 - Capital Allocation Strategy: IRRs, 15% Hurdle Rate and Discipline 08:28 - Free Cash Flow Returns: “It’s our owners’ cash” and 40% Target 10:28 - Dividends in a Cyclical Gold Business and Reserve Growth 14:42 - Cost Control, Gold Outlook, and No Hedging Policy __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

    19 min

About

The Global Leader In Resource News Kitco Mining delivers the latest news, in-depth analysis and valuable insights into the mining industry. Our extensive coverage of precious and base metal companies will keep you informed and prepared. Our scope isn't limited to gold and silver mining; we also explore base metals like lead and iron ore, as well as critical minerals like copper, cobalt, graphite, lithium, manganese, neodymium, nickel, niobium, palladium, platinum, rhodium, tin, tungsten, vanadium, and zinc. Be informed about energy transition and the battery metal sector. Kitco has exclusive access to influential CEOs and investors, so you can make confident, informed decisions. We cover the entire resource sector, from exploration and development companies to miners and royalty and streaming firms. Stay ahead of the curve. Subscribe today! GOLD LIVE! APP - https://applications.kitco.com In-depth coverage - https://www.kitco.com/mining

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