Kitco MINING

Jesse Knutson, Head of Operations at Bitfinex Securities, joins Kitco Mining’s Paul Harris to discuss how tokenization could open a new capital route for mining and commodity companies after Bitfinex Securities facilitated a US$50 million raise for Alkemya Metacore.

The raise, the largest to date on the Bitfinex Securities platform, will help Alkemya commercialize ultra-high-purity nickel wire for semiconductors, aerospace, defense and advanced manufacturing. Knutson says tokenization applies the technology behind Bitcoin and digital assets to capital markets, creating a system designed to be cheaper, faster and more transparent. He explains what investors receive, how tokenized securities can trade, and why whitelisted ecosystems are used to meet qualified-investor and jurisdictional rules.

Knutson also discusses how tokenization could bring new sources of capital into mining and commodities, which he frames as part of the broader real-world-assets shift. He says investor interest is coming from crypto high-net-worth investors, family offices, and institutions that move between traditional finance and digital assets. Knutson also explains why El Salvador’s framework was used, what products could come next, and why 24/7 trading, real-time settlement, and peer-to-peer transfers could shape the future of global markets.

Recorded September 8, 2026.

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.

01:28 - Tokenization Basics Explained
02:19 - Cheaper, Faster Capital Markets
03:40 - What Tokenized Investors Receive
05:25 - Trading Tokens vs. Traditional Exchanges
06:46 - Why Alkemya Raised US$50M
08:09 - New Capital Sources for Mining
09:11 - Regulation and Global Jurisdictions
10:56 - Qualified Investors and Whitelists
12:55 - Why El Salvador’s Framework Was Used
14:58 - Tokenized Assets Growth Outlook
16:01 - Deal Origination and Future Products
17:44 - Partnerships and Commodity Pipeline
18:47 - Future of 24/7 Markets
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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.

Rick Rule, President and CEO of Rule Investment Media, joins Kitco Mining’s Paul Harris to discuss gold’s breakout, silver’s leverage, record copper prices, and why mining investors should focus on the gap between price and value.

Rule says gold remains sensitive to U.S. real and nominal interest rates in the near term, but longer term he expects artificially low rates and quantitative easing to support the metal. He says silver can take leadership when gold momentum attracts generalist investors, while copper’s record run reflects years of underinvestment in exploration, development and productive capacity, alongside supply problems at major operations.

Rule also weighs Ivanhoe Mines’ Western Forelands copper discovery in the Democratic Republic of Congo, including its grade, 100% ownership and access to existing infrastructure. He says host countries can ultimately capture about 50% of a deposit’s economic value after capital is returned, and argues streaming agreements could help governments participate in price upside while giving companies clearer terms. Rule also discusses why North America is not immune from fiscal risk, what gold-equivalent resources can obscure after Collective Mining’s maiden resource at Guayabales, and why investors must separate market price from underlying value. “Money is made on the delta between price and value,” he said.

Recorded September 9, 2026.

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 - Gold Breakout and Interest Rate Drivers
03:06 - Silver as Leveraged Gold
05:01 - Copper Records and Supply Crunch
07:13 - Ivanhoe Western Forelands Copper Discovery
10:19 - Government Take and Resource Nationalism
14:21 - Streaming Deals as a Government Take Solution
17:44 - Is North America Really Safer?
21:13 - Price vs. Value for Mining Investors
23:02 - Gold Equivalents and Colombia Upside
32:04 - Bullish Picks: Gold, Oil and Copper
36:04 - Beaver Creek M&A Watchlist
__________________________________________________________________

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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Instagram - https://www.instagram.com/kitcomining
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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.

Richard Williams, Executive Chairman of Bunker Hill Mining, joins Kitco Mining’s Paul Harris to discuss Bunker Hill’s Silver47 takeover, a US$163 million all-share deal aimed at turning its Idaho mine restart into a broader “made in America” silver and critical minerals platform.

Williams says the deal combines Bunker Hill’s mine, which is ramping toward commercial production by year-end, with Silver47’s assets in Alaska, New Mexico and Nevada. The combined company, to be renamed Bunker Hill Silver, will hold four U.S. silver projects with about 390 million ounces of silver equivalent resources. “Opportunity doesn’t wait for anybody,” Williams said.

Williams also explains how the Cate-8 discovery and planned second portal could lift grade, increase throughput to 2,500 tons per day and support stronger 2027 guidance. He says future mine cash flow could fund exploration at Red Mountain, Mogollon and Tonopah while limiting repeated equity raises. Williams also discusses U.S. Ex-Im Bank support, Idaho’s Silver Valley, Teck’s Trail smelter, North American trade risk, near-term liquidity, the developer-to-producer transition, and why fixing the silver loan is the “catalyst of all catalysts.”

Recorded August 26, 2026.

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.

00:00 - Welcome and Silver47 Deal Overview
01:20 - Why Bunker Hill Bought Silver47
04:01 - Bunker Hill Ramp-Up and Cate-8 Discovery
06:03 - Second Portal and 2,500 TPD Plan
07:09 - Exploration Pipeline and Cash Flow
11:12 - Critical Minerals and U.S. Support
16:22 - Teck Trail Smelter and Trade Risk
23:42 - Balance Sheet and Near-Term Liquidity
29:35 - Silver Loan Refinancing Catalyst
31:25 - Next 12 Months for Bunker Hill
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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
X - https://x.com/KitcoMining
Instagram - https://www.instagram.com/kitcomining
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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.

Michael Rowley, President and CEO of Stillwater Critical Minerals, joins Kitco Mining’s Paul Harris to discuss how US$150 billion in pledged drone and counter-drone spending is sharpening the race for critical minerals, domestic supply chains and U.S.-based mining projects.

Rowley says geopolitics are changing the market for metals used in drones, robotics, defense systems and advanced manufacturing. “Price is not the only factor anymore,” he said, pointing to rising U.S. government support through funding, permitting help and Defense Production Act tools. Stillwater West sits in Montana’s producing Stillwater district and hosts 10 U.S.-listed critical commodities, including nickel, copper, cobalt, platinum, palladium, rhodium and chromium.

Rowley also outlines Stillwater West’s updated resource, which now totals 805 million tonnes grading 0.34% total nickel equivalent and includes the project’s first indicated resource. He says scale is the key takeaway, but the company is shifting toward infill drilling, higher-confidence resources and a PEA within 12 to 18 months. Rowley also discusses chromium upside, rhodium’s value, Sibanye’s nearby infrastructure, Glencore’s role, hydrometallurgy and upcoming drill results.

Recorded September 2, 2026.

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.

00:32 - Drones Driving Critical Minerals Demand
01:46 - Supply Chains and Geopolitics
05:57 - U.S. Government Learning Curve
08:05 - Funding, Permitting and Project Support
09:50 - Stillwater West Resource Update
12:02 - Polymetallic Nickel Equivalent Resource
13:41 - Chromium Upside at Stillwater
15:03 - Rhodium Uses and Value
16:05 - Path to PEA and Processing
18:04 - District Synergies With Sibanye
20:46 - Next 12 Months for Stillwater
__________________________________________________________________

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
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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.

Gold is above $4,000 and silver in the $60s, yet Empress Royalty Executive Chairman David Rhodes says the recent pullback is exactly when disciplined royalty buyers should be shopping.

Rhodes joins Kitco Mining's Kitco Spotlight with Jeremy Szafron at the Rule Symposium 2026 in Boca Raton to explain the small-stream niche Empress built its business on: $20 to $30 million financings on near-term producing assets that the major royalty players are too big to chase.

He discusses why Empress deliberately stayed on the sidelines for roughly 18 months as prices ran up, how the correction has reset seller valuations back to more realistic levels, and why he underwrites deals on long-term metal prices rather than spot. Rhodes also covers Empress's path from startup to a cash-flow-positive balance sheet, its preference for holding physical gold and silver, its appetite for higher-risk jurisdictions, and a new AI platform that surfaces overlooked royalties competitors never see.

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.

To learn more about Empress Royalty, visit: https://www.empressroyalty.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.

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.

Silver has been cut in half from its highs, but Blackrock Silver CEO Andrew Pollard says the long-term thesis has not changed. Pollard joins Kitco Mining’s Kitco Spotlight with Paul Harris to discuss silver’s correction, structural deficits, and why high-grade projects can stand out in volatile markets. “High-grade stories are all-weather,” Pollard said.

The focus is Blackrock Silver’s 100%-owned Tonopah West silver-gold project in Nevada’s Walker Lane. The company’s March 2026 PEA outlined average annual production of 7.1 million ounces silver equivalent over more than 11 years, with all-in sustaining costs of $7.44 per ounce and initial capital of $190 million.

Pollard discusses Blackrock’s path toward development, including a planned exploration decline in Q3 2027, a minimum 50,000 tons of high-grade ore in 2028, private-land permitting advantages, potential non-dilutive U.S. government funding, the build-or-takeout question, and 800-meter step-outs that could test the next phase of resource growth.

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

Learn more about Blackrock Silver: https://blackrocksilver.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.

00:20 - Silver Price Volatility and the 2026 Correction
02:41 - Is the Silver Bottom In?
04:39 - Tonopah West PEA: 7.1M Oz Silver Equivalent Per Year
05:29 - Blackrock Silver’s Path to Production
08:26 - Why Tonopah West Was Missed for Decades
12:05 - Private Land Permitting Advantage in Nevada
15:24 - Exploration Decline Cost and Funding Options
21:08 - Project Risks, Execution and Mine-Building Team
23:36 - Will Blackrock Silver Build or Sell Tonopah West?
27:01 - District Consolidation and Tonopah Upside
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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
X - https://x.com/KitcoMining
Instagram - https://www.instagram.com/kitcomining
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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.

Silvercorp Metals (TSX: SVM; NYSE American: SVM) President Lon Shaver joins Kitco Mining’s Kitco Spotlight with Paul Harris to discuss silver’s volatile run, the company’s low-cost China operations, and its plan to grow across Ecuador and Kyrgyzstan.

Shaver said silver’s pullback should be viewed against the scale of the move that came before it, with the metal still trading near $60 per ounce after roughly doubling from early 2025 levels. “This is a great time to be a silver producer at $60 silver,” he said.

Silvercorp produced 6.8 million ounces of silver and 7.5 million ounces of silver equivalent in fiscal 2026, which ended March 31, at an all-in sustaining cost of $14.25 per ounce. Shaver outlines how the company is funding growth beyond China, including El Domo and Condor in Ecuador, as well as the Tulukbash and Kyzyl Tash gold projects in Kyrgyzstan.
Shaver also discusses Silvercorp’s planned Hong Kong listing, emerging market valuation discounts, project financing, M&A strategy, New Pacific Metals, and key catalysts for 2026 and 2027.
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.

To learn more about Silvercorp Metals, visit: https://silvercorpmetals.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.

02:04 - Silver Deficits, Volatility, and Market Liquidity
03:53 - Silvercorp’s Global Growth Strategy
06:42 - Fiscal 2026 Production, AISC, and Asset Complexity
08:49 - El Domo, Condor, and Kyrgyzstan Project Pipeline
11:37 - Silvercorp’s Growth Targets Through 2031
12:28 - Valuation Discounts and Emerging Market Risk
14:11 - Why Silvercorp Is Pursuing a Hong Kong Listing
17:40 - Management Team, Hong Kong Fundraise, and Investor Access
20:39 - China Loan Facility and RMB Currency Strategy
22:43 - Five-Year Vision, M&A, and New Pacific Metals
25:59 - 2026-2027 Catalysts: Kyrgyzstan, Condor, and El Domo
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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
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.

Mackay Gold & Silver (TSXV: MACK; OTCQB: MKGSF) CEO and Director Darwin Green joins Kitco Mining’s Kitco Spotlight with Paul Harris to discuss Mackay’s recent IPO, its $60 million financing, and its first major drill program in Nevada’s historic Comstock District.

Mackay is targeting the Occidental-Brunswick Lode, a 3-mile structure running parallel to the historic Comstock Lode. Green said fragmented ownership left the district underexplored for more than a century, creating an opportunity to apply modern drilling to one of America’s most famous gold-silver camps.

Green outlines Mackay’s 20,000-meter Phase 1 drill program, which began in June, including 15,000 meters of RC drilling focused on near-surface oxide gold-silver mineralization and 5,000 meters of core drilling testing deeper potential near the historic Sutro Tunnel. He also discusses the company’s land consolidation strategy, remaining treasury of more than $40 million USD, and first assay results expected in late summer.

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.

To learn more about Mackay Gold & Silver, visit: https://mackaycorp.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.

01:09 - Gold Volatility and Mackay’s IPO Timing
02:09 - Comstock Geology and Walker Lane Gold-Silver Systems
04:51 - Consolidating the Historic Comstock District
08:16 - Deal Terms, $60M Financing, and Treasury
10:33 - Comstock Exploration Targets: Occidental and Near-Surface Oxides
14:21 - Occidental Depth Potential and the Sutro Tunnel
19:28 - Big Picture Upside in the Comstock District
22:29 - Nevada Team, Board, and Technical Advisors
28:01 - Next 12 Months: Drill Results and Land 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
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.

Nicole Adshead-Bell, Director of Cupel Advisory, joins Kitco Mining’s Digging Deep with Paul Harris to discuss gold M&A, Barrick Mining restructuring speculation, activist pressure at Northern Star Resources, rising copper prices, and capital deployment across the mining sector.

Adshead-Bell says potential restructuring at Barrick, Elliott Investment Management’s pressure at Northern Star, and Zijin Gold’s delayed Allied Gold acquisition point to a market demanding simpler stories, stronger execution, and better accountability. She said mining boards need the technical expertise to challenge management, while producers must rebuild trust with investors. “Do what you say you're going to do,” she said.

The discussion also covers gold producer expansion plans, the risk of cost inflation as miners deploy cash, copper M&A in Quebec and Chile, and why Adshead-Bell believes copper may need to move toward $7 to $8/lb before major new supply commitments are made. She also explains why higher metals prices are changing the true cost of streams, prepays and hedges.

Recorded June 4, 2026.

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.

00:30 - Barrick Africa Merger Talk
01:52 - Divesting Risky Jurisdictions
04:07 - Boardroom Accountability
05:47 - China Scrutinizes Zijin Deal
10:13 - Elliott Targets Northern Star
12:26 - Boards, ESG and Execution
17:41 - Who Buys Northern Star?
22:38 - Gold Mine Expansions Surge
25:59 - Copper M&A and Price Outlook
30:20 - Paying Off Streams and Hedges
33:22 - Mine Restarts and IPOs
__________________________________________________________________

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.

Kootenay Silver (TSXV: KTN; OTCQX: KOOYF) President and CEO Jim McDonald joins Kitco Mining’s Kitco Spotlight with Jeremy Szafron to discuss the company’s June 15, 2026 preliminary economic assessment for its 100%-owned La Cigarra silver project in Chihuahua, Mexico.

The study outlines a 14-year open-pit project with a $763 million after-tax NPV, 41% after-tax IRR, $332 million in initial capital, and a 1.9-year payback. McDonald said the PEA marks a major shift for Kootenay, stating that it is “transitioning us from explorer into a developer.”

McDonald also discusses the potential upside at spot silver prices, where La Cigarra’s after-tax NPV rises to $1.295 billion and its IRR increases to 64%. He also outlines the next phase of drilling at La Cigarra and Columba, the project’s position in Mexico’s Parral mining district, potential strategic options, and why he believes silver has entered a multi-year bull market.

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.

To learn more about Kootenay Silver, visit: https://kootenaysilver.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.

00:28 - La Cigarra PEA Highlights
01:47 - Kootenay Silver’s Shift to Developer
03:13 - Parral District Infrastructure and Development Options
04:34 - Silver Price Leverage and Spot-Price Upside
06:04 - Funding Path and Next Development Steps
09:06 - La Cigarra Gap Zone Drill Upside
10:10 - Columba 60,000-Meter Drill Strategy
12:14 - Kootenay’s Mexico Silver Project Pipeline
14:00 - Mexico Risk, Permitting, and Chihuahua Mining
15:38 - Silver M&A and Producer Interest
17:43 - Jim McDonald’s Silver Bull Market Outlook
19:42 - Silver Cycle Perspective and Capital Flows
__________________________________________________________________

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
 
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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.