Kitco MINING

Fury Gold Mines (TSX, NYSE American: FURY) is exploring the potential to exceed 100,000 ounces of annual gold production at its Eau Claire project in Quebec, while new drilling results at Committee Bay in Nunavut strengthen its resource growth strategy.

Speaking with Kitco Mining's Paul Harris on October 29, 2026, CEO Tim Clark discusses how resource conversion, higher gold-price assumptions and additional engineering could expand on Eau Claire's 2025 preliminary economic assessment, which outlined average annual production of approximately 76,000 ounces over 11 years. A larger production scenario remains subject to further technical work ahead of the planned 2027 pre-feasibility study.

At Eau Claire, October 26 drilling returned 14.95 g/t gold over 4.25 metres. On November 3, Fury reported new Three Bluffs results at Committee Bay, including 3.88 g/t gold over 17.82 metres, with a high-grade interval of 18.78 g/t over 3.30 metres. All five reported holes intersected the mineralized shear zone.

Clark also reports growing interest from major gold producers. “We're, we're getting calls to come on and visit our property from big producers,” he said. The discussion covers Fury's financing options, potential partnerships for Committee Bay and upcoming resource updates.

Don’t forget to subscribe to Kitco Mining and Kitco News for the latest mining news, market analysis and CEO interviews.

Learn more about Fury Gold Mines: https://furygoldmines.com/

This video was produced with support from a Kitco sponsor. The views expressed in this content do not necessarily reflect the views of Kitco Metals Inc. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice.

00:00 - Introduction: Fury Gold Mines CEO Tim Clark
00:42 - Eau Claire PEA and the Path to a 2027 PFS
02:14 - Resource Conversion and Higher Gold Price Assumptions
04:21 - Fury Targets Potential Production Above 100,000 Oz
07:04 - Eau Claire Development, Infrastructure and Permitting
11:17 - Fury's Financial Position and Contango Investment
15:10 - Financing Options for Eau Claire Development
17:20 - Gold Mining M&A and Interest From Major Producers
20:56 - High-Grade Drilling Results and Resource Growth
23:57 - Committee Bay: Agnico Eagle and Partnership Potential
26:38 - Upcoming Resource Updates and 2027 PFS Catalysts
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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

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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.

Galiano Gold is approaching what CEO Matt Badylak calls a financial inflection point at the Asanko Gold Mine in Ghana, with production expected to rise in 2027 as higher-grade ore enters the mill and the company’s hedge book rolls off.

Speaking with Kitco Mining’s Paul Harris at the 2026 Mining Forum Americas, Badylak said Galiano is targeting 140,000–160,000 ounces of gold in 2026 before moving back toward Asanko’s historical production level of roughly 190,000 ounces in 2027. As production rises, he expects all-in sustaining costs to fall into the low $2,000s per ounce.

A major change comes in December, when a hedge covering 60,000 ounces at a ceiling of about $3,000 gold expires. From January, Badylak said 2027 production will be sold at market prices, which he said should materially improve cash flow.

Galiano is also investing $30 million in exploration in 2026, including about 34,000 meters of drilling at Esaase ahead of a Q1 2027 reserve and resource update. Longer term, higher-grade ore from Nkran could lift production well above 250,000 ounces in peak years.

Badylak said Galiano ultimately wants to become a mid-tier gold producer, but intends to prioritize value creation and a potential rerating at Asanko before pursuing accretive M&A.

To learn more about Galiano Gold, visit: https://www.galianogold.com/

Sponsored content. This video was produced with support from a Kitco sponsor. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice.

00:00 - Galiano Gold Reaches a Financial Inflection Point
00:30 - Asanko Targets 140K–160K Oz in 2026
01:28 - Hub-and-Spoke Plan and Higher-Grade Ore
02:57 - 60K Oz Hedge Rolls Off as Costs Fall
05:00 - Diesel Prices, Supply and Ghana Exposure
06:56 - Ghana Royalties and Domestic Gold Sales
09:11 - $30M Exploration at Esaase and Oborae
10:43 - Path Above 250K Oz and M&A Discipline
13:38 - 2027 Cash Flow, Reserves and Key Catalysts
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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

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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.

B2Gold's new President and CEO Mike Cinnamond says delivering on existing investments is key to unlocking stronger free cash flow and addressing the gold producer's valuation discount, as the company works to bring its Goose Mine in Nunavut to full capacity and expand production in Mali.

Speaking with Kitco Mining's Paul Harris at Mining Forum Americas 2026, Cinnamond outlines his priorities following Clive Johnson's retirement. At Goose, B2Gold is upgrading its crushing circuit to reach 4,000 tonnes per day in the first half of 2027, supporting a medium-term target of approximately 300,000 ounces of annual gold production. Underground exploration could also extend the mine's current nine-year reserve-based life, with management seeing potential for 15 years, while the George deposit offers additional growth opportunities.

In Mali, the Fekola Regional permit clears a major hurdle for an operation expected to ramp up through 2027 and contribute more than 150,000 ounces annually from 2028. B2Gold is also advancing Gramalote in Colombia toward a potential development decision in 2027.

“We're at this inflection point for our company where there's a lot of free cash flow coming in,” Cinnamond said. Following the completion of prepaid gold deliveries and approximately $224 million returned to shareholders in the first half of 2026, he discusses continued buybacks, balance sheet improvements and why execution at Goose and Fekola could help rebuild investor confidence.

Special thanks to our sponsor, Metalla Royalty & Streaming. To learn more, visit: https://www.metallaroyalty.com/

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.

00:40 - Mike Cinnamond Takes Over as B2Gold CEO
01:35 - Building B2Gold's Next Leadership Team
02:58 - Preserving B2Gold's Entrepreneurial Culture
03:29 - Goose, Fekola and B2Gold's Execution Priorities
04:45 - Goose Mine Crusher Upgrades and 2027 Ramp-Up
06:08 - Goose Underground Exploration and Mine-Life Extension
08:49 - George Deposit and Back River District Growth Potential
10:29 - B2Gold and Agnico Eagle's Nunavut Alliance
11:42 - B2Gold's Rhino Gold Bar and Conservation Legacy
12:14 - Fekola Regional Permit Unlocks 150,000 Oz Production Target
14:15 - Gramalote Permitting and Colombia Development Outlook
17:36 - Free Cash Flow, Debt Reduction and Share Buybacks
19:42 - Why B2Gold Shares Trade at a Valuation Discount
20:49 - Otjikoto, Antelope and Organic Gold Growth Catalysts
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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

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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.

Gold and silver mining stocks remain undervalued despite stronger producer margins and higher metals prices, according to Don Durrett and John Feneck, who see significant upside in mid-tier producers and select junior miners.

Speaking with Kitco Mining's Paul Harris at Precious Metals Summit 2026 in Beaver Creek on September 24, Durrett, author and founder of GoldStockData, and Feneck, founder and CEO of The Feneck Commodities Report, explain why they believe mining equities have yet to reflect the sector's improved cash flow. “I think the stocks right now are unbelievably cheap,” Durrett said. Using $7,000 gold and $200 silver in his valuation models, he sees speculative potential for 20- to 25-fold returns in selected stocks.

Both remain bullish on silver following its sharp correction, identifying $50 as a potential support level. Durrett favors holding miners for long-term gains, while Feneck actively trades around valuations and opportunity costs.

They also discuss recent developments involving Honey Badger Silver and Silver X, alongside takeover risks illustrated by the proposed Artemis Gold acquisition of Vista Gold. “we don't get excited by 20 to 30% premiums,” Feneck said. Both investors explain their approaches to building portfolios across physical metals, ETFs, producers, developers and explorers.

Special thanks to our sponsor, Newcore Gold. To learn more, visit: https://newcoregold.com/

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.

00:31 - Precious Metals Summit 2026: Investor Sentiment
01:08 - Why Don Durrett Sees Gold and Silver Miners as Undervalued
02:49 - Mid-Tier Gold Miners vs. Majors: Where Is the Upside?
04:44 - John Feneck vs. Don Durrett: Trading or Holding Miners
06:39 - Silver Price Outlook: $50 Support and $200 Targets
08:01 - Why Durrett Sees Gold at $10,000 and Silver at $200
11:46 - Mining Deals, Resource Updates and New Project Studies
12:29 - Honey Badger Silver, Silver X and Mining Opportunities
16:02 - Mining Takeovers: Artemis Gold, Vista Gold and Low Premiums
19:18 - Building a Gold and Silver Portfolio: ETFs, Miners and Bullion

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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

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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.

Scotia Metals is preparing its first lithium drilling program in Nova Scotia as CEO Rodrigo Roso sees signs of a recovery in spodumene prices and growing interest in developing North America's critical minerals supply chain.

Speaking with Kitco Mining's Paul Harris on October 5, 2026, Roso outlines the company's Acadia Lithium Project, covering approximately 372 square kilometres along an 80-kilometre prospective pegmatite trend near the Brazil Lake lithium deposit. He says existing roads, nearby power and access to deepwater ports could provide important advantages for future mine development.

At Green Wolf, Scotia has identified five spodumene-bearing boulder trains, with historical samples grading up to 3.40% lithium oxide. Recent sampling expanded one boulder cluster from 13 to 38, with 20 samples exceeding 1% Li₂O. “what we're doing right now is being smart about where we'll drill,” Roso said, describing the company's use of till sampling and geophysics to locate potential bedrock targets.

Scotia is planning an initial 1,500-metre scout drilling program for early 2027, with first results targeted for Q1 and a potential 7,500-metre follow-up campaign. Roso discusses the project's geological similarities to Brazilian lithium districts and why infrastructure could improve future development economics. Acadia remains at an early exploration stage, without an established mineral resource.

To learn more about Scotia Metals, visit: https://scotiametals.com/

Sponsored content. This video was produced with support from a Kitco sponsor. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice.

00:30 - Lithium Price Volatility and Global Demand
01:48 - Spodumene Price Recovery and the Lithium Market Outlook
03:45 - Spodumene Concentrate Prices and Mining Economics
04:47 - Canada's Critical Minerals Strategy and Lithium Supply Chains
06:35 - Scotia Metals' Founding Team and Lithium Experience
09:25 - Why Nova Scotia? Acadia Lithium and Infrastructure Advantages
12:36 - Brazil Lake Deposit and Acadia's Exploration Potential
13:39 - Green Wolf Lithium Results and 2027 Drilling Plans
16:11 - First 1,500m Drill Program and Exploration Targets
18:36 - Pegmatite Grades, Mine Economics and Development Costs

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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

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Connect with the Kitco Mining anchors
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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.

Tiger Gold is targeting annual production exceeding 250,000 ounces at its Quinchía Gold Project in Colombia, as expanding gold discoveries and higher prices reshape plans for a larger mining operation.

Speaking with Kitco Mining's Paul Harris on October 5, 2026, President and CEO Robert Vallis explains the company's shift from the previously permitted Miraflores underground mine toward a proposed integrated development incorporating Tesorito and Ceibal. Tiger's 2025 preliminary economic assessment outlined approximately 140,000 ounces of annual gold production during its first five years, but Vallis says management is now targeting a scale “north of 250,000 ounces a year.”

At Ceibal, Tiger is pursuing a maiden mineral resource that Vallis believes could eventually rival Tesorito's approximately 1.57 million ounces of inferred gold resources. Following completion of 12,124 metres of drilling at Tesorito, all three rigs are focused on Ceibal as the company works to expand Quinchía's resource base.

Higher gold prices are also reshaping the project's economics. The published PEA estimates an after-tax NPV of US$534 million at 2,650gold,risingtoapproximatelyUS1.19 billion at $3,700 gold, with the IRR increasing from 21.3% to 36.5%.

Vallis also discusses the additional engineering and permitting required for a larger open-pit operation. Tiger is targeting updated mineral resources and a revised PEA by the end of Q1 2027, while its expanded production ambitions remain subject to further studies and approvals.

To learn more about Tiger Gold, visit: https://tigergoldco.com/

Sponsored content. This video was produced with support from a Kitco sponsor. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice.

00:20 - Colombia's Mining Outlook and Gold Investment Climate
01:59 - How Tiger Gold Acquired the Quinchía Gold Project
04:37 - Gold Price Leverage and Quinchía's PEA Economics
06:31 - Tesorito and Ceibal Drilling Results and Resource Growth
09:06 - From Miraflores Underground Mine to Larger Gold Development
11:55 - Tiger Gold Targets Over 250,000 Oz of Annual Production
13:52 - Aris Mining, Collective Mining and Mid-Cauca Gold Potential
17:03 - Permitting an Expanded Quinchía Gold Project
18:39 - Colombia's Open-Pit Mining Approvals and Challenges
20:36 - Copper, Molybdenum and Deeper Exploration Potential
22:07 - 2027 Catalysts: Resource Updates and Revised PEA
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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
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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.

Sinda is targeting more than 20 million ounces of annual silver production as it advances Mexico's Guanajuato Sur district toward a proposed 2031 startup, backed by $331 million raised through its IPO and related placements, including a $95 million investment from Fresnillo.

Speaking with Kitco Mining's Paul Harris at Mining Forum Americas 2026, Executive Chairman Daniel Muñiz Quintanilla outlines a resource base of approximately 385 million silver-equivalent ounces in indicated and inferred categories, alongside 452 million to 484 million ounces of additional conceptual exploration targets. “We're just scratching the surface,” he said, pointing to extensive undrilled potential and high-grade discoveries across the district.

With approximately 300,000 metres drilled, Sinda is preparing a nine-kilometre underground exploration decline at Caracol. Management plans updated resource estimates and a preliminary economic assessment through 2027, followed by targeted mine construction in 2030 and first production in 2031. Muñiz also discusses preliminary metallurgical results, a proposed 6,000-tonne-per-day operation and the potential for Don Diego exploration to connect Caracol and Agaves.

Muñiz explains Fresnillo's 5% investment and technical cooperation with Sinda, while emphasizing that the neighboring companies are pursuing separate developments.

To learn more about Sinda, visit: https://sinda.mx/en/

Sponsored content. This video was produced with support from a Kitco sponsor. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice.

01:04 - Sinda's Guanajuato Sur Silver District and Resource Potential
02:55 - How the High-Grade Silver Discovery Was Made
05:12 - Silver Grades, Drill Results and Exploration Upside
06:33 - Sinda's $331M Financing and June 2026 IPO
08:37 - Sinda's Roadmap to Silver Production in 2031
09:59 - Metallurgical Recoveries and 20M Oz Production Ambition
11:48 - Fresnillo's $95M Investment and Technical Partnership
14:34 - Permitting Progress and Sinda's Development Strategy
16:14 - Nine-Kilometre Decline and Underground Mining Plans
17:32 - Resource Updates, Drilling and 2027 PEA Catalysts
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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
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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.

Uranium prices have climbed to multi-decade highs, but NexGen Energy says they remain too low to incentivize the new production needed to address a growing global supply deficit, even before accounting for rising electricity demand from AI data centers.

Speaking with Kitco Mining's Paul Harris on October 15, 2026, NexGen Energy Chief Commercial Officer Travis McPherson says years of underinvestment have constrained supply as nuclear utilities become increasingly concerned about securing future fuel. Despite uranium prices rising roughly fivefold over the past decade, he says global production has remained largely flat.

With utilities seeking long-term supply, NexGen is deliberately preserving pricing flexibility ahead of production at its Rook I project. “We don't give away optionality for nothing,” McPherson said. The company favors shorter contracts linked to market prices at delivery rather than committing most of its future output years in advance.

In Saskatchewan, construction is advancing at the C$2.2 billion Rook I project, targeting first production around 2030 and annual capacity of up to 30 million pounds of U₃O₈. McPherson discusses upcoming shaft-freezing and sinking milestones, exploration at Patterson Corridor East, and why uranium equities have lagged the commodity despite improving fundamentals.

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.

01:05 - Why Uranium Prices Are Still Too Low
03:22 - Nuclear Utilities Face Growing Uranium Supply Shortages
05:29 - AI Demand, Geopolitics and Nuclear Energy
07:34 - NexGen's Uranium Contracting Strategy
10:31 - Shorter Contracts and Market-Based Uranium Pricing
13:26 - Physical Uranium ETFs and Price Discovery
15:06 - Why Uranium Stocks Are Lagging Uranium Prices
18:20 - Rook I Construction and the 2030 Production Target
20:51 - C$2.2B Capex, Construction Risks and Timeline
26:46 - Patterson Corridor East and Exploration Upside
30:19 - Shaft Freezing and Upcoming Construction Milestones
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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
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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.

Coeur Mining is shifting from major acquisitions to execution, with its expanded North American portfolio expected to generate approximately $2.3 billion in adjusted EBITDA and $1.5 billion in free cash flow in 2026 following the SilverCrest and New Gold transactions.

Speaking with Kitco Mining's Paul Harris at Mining Forum Americas 2026, President and CEO Mitch Krebs says the transformation has reshaped Coeur's financial position. After generating negative $300 million in free cash flow in 2023, the company now holds more than $1 billion in cash. “we're now very much in the digestion and delivery mode,” Krebs said, emphasizing that further acquisitions are on hold as management focuses on operating performance.

Coeur is balancing organic growth with shareholder returns, including a $750 million share buyback authorization, approximately $220 million repurchased at the time of the interview, and its first dividend in roughly three decades. Krebs says buybacks remain the preferred approach because of their flexibility, while maintaining cash reserves provides protection during weaker commodity cycles.

Looking ahead, Coeur is targeting mine-life extensions at Rainy River and New Afton, where K-Zone exploration could support production into the 2040s, while advancing a prefeasibility study at Silvertip. Krebs expects 2027 to be the first full year reflecting the enlarged portfolio.

Special thanks to our sponsor, Metalla Royalty & Streaming. To learn more, visit: https://www.metallaroyalty.com/

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.

00:33 - Coeur Mining Shifts From M&A to Execution
02:01 - Organic Growth at Rainy River, New Afton and Silvertip
03:26 - SilverCrest and New Gold Transform Coeur's Cash Flow
04:46 - $750M Share Buyback and Capital Allocation
06:19 - Coeur's New Dividend and Buyback Strategy
07:01 - Gold, Silver and Copper Production Mix
08:21 - Why Coeur Is Pausing Further Acquisitions
09:21 - 2026 Guidance, Q4 Outlook and 2027 Growth Catalysts
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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

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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.

Speaking with Kitco Mining's Paul Harris at Mining Forum Americas 2026, President and CEO Daniel Henao outlines a $25 million expansion at the Hemco operation, increasing processing capacity by more than 40% and targeting an additional 30,000 to 40,000 ounces of annual gold production in 2027. Following the interview, Mineros raised its 2026 consolidated production guidance to 235,000–245,000 ounces, supported by operational improvements in Nicaragua and Colombia.

The company is also advancing Porvenir, where an updated prefeasibility study estimates $207 million in initial capital and a 37.9% after-tax IRR. Management is targeting a construction decision in early 2027, subject to remaining permits.

Beyond production growth, Mineros has built approximately 40,000 ounces in gold-related treasury holdings, according to Henao, while maintaining dividends and a discretionary $175 million share buyback program. Explaining the strategy, he said “gold is a great way of preserving, uh, the value of, of our treasury.”

Henao also discusses La Colosa's development challenges in Colombia, La Pepa in Chile and a potential U.S. listing.

Special thanks to our sponsor, Metalla Royalty & Streaming. To learn more, visit: https://www.metallaroyalty.com/

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00:55 - Mineros' Turnaround and Record Financial Performance
03:10 - How Sun Valley Investments Took Control
04:52 - $25M Investment to Expand Gold Production
06:48 - Nicaragua Expansion Toward 200,000 Oz
09:06 - Porvenir's $207M Development and Permitting
10:42 - Colombia Mining Outlook and Nechí Growth
12:22 - La Colosa Gold Project and Community Support
14:29 - La Pepa Expansion and Potential U.S. Listing
17:37 - Dividends and $175M Share Buyback Program
20:47 - Building a 40,000 Oz Gold Treasury
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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.