Kitco MINING

Wesdome Gold Mines (TSX: WDO) President and CEO Anthea Bath says the company is entering 2026 as a debt-free, high-margin gold producer after delivering record 2025 production of 185,000 ounces and ending the year with $356 million in cash and zero debt. Speaking with Kitco Mining at the 2026 BMO Metals Mining & Critical Minerals Conference, Bath said Wesdome generated about $250 million in free cash flow in 2025 and expects to generate roughly $350 million in 2026 at budget assumptions below $4,000 gold. “Wes generated about $250 million in free cash last year,” she said.

With mill utilization currently running between 30% and 60% at Eagle River and Kiena, Wesdome is advancing a “fill the mill” strategy aimed at increasing throughput, extending mine life, and lowering unit costs through fixed-cost leverage without significant new mill capital. The company completed about 200 kilometers of drilling in 2025 and plans about 270 kilometers in 2026 across 250 exploration targets, with updated resource disclosures expected in June and technical reports expected in the second half of 2026. Bath said Wesdome is targeting mid-tier scale of 400,000 to 500,000 ounces annually while maintaining disciplined capital allocation and evaluating high-quality acquisition opportunities.

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 Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/

01:19 - “Fill the Mill” Strategy and 30–60% Utilization
02:04 - Gold Price Leverage and Resource Expansion
03:52 - 270km Drill Program and June Resource Update
04:53 - Capital Requirements and Infrastructure Readiness
05:30 - $250M Free Cash Flow and Share Buybacks
06:49 - Path to 400–500k oz Mid-Tier Scale
07:33 - M&A Criteria and Tier-One Jurisdiction Focus
09:17 - Takeover Risk and Gold Sector Discipline
10:30 - Investor Feedback and Capital Returns
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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.

Marimaca Copper (TSX: MARI) CEO Hayden Locke says the company is advancing its Marimaca oxide project in Chile toward a potential final investment decision by the end of 2026, positioning it as a near-term copper producer during what he describes as an infrastructure-led demand cycle. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Locke said the company continues to anchor its planning assumptions well below current spot prices. “We’re running everything, all of our decision making at 4.50,” he said, referring to a $4.50 per pound long-term copper price despite copper trading near $6.

The Marimaca oxide deposit is expected to produce roughly 50,000 tonnes of copper cathode annually, with initial capital of about $600 million. Following a C$409 million financing, the company holds more than $160 million in cash to advance engineering, secure debt financing, and expand drilling at the nearby Pampa Medina discovery, which Locke said has potential to become a tier-one opportunity. Marimaca also plans to use recycled seawater sourced from local thermoelectric facilities, while targeting credit-approved debt term sheets by the third quarter and expanding its drill budget to $30–50 million over the next 12–18 months.

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.

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01:46 - $4.3B Streaming Deal and Copper Byproduct Monetization
03:13 - C$409M Financing and Greenstone Exit
04:36 - New Share Register and Liquidity Shift
05:40 - Strategic Interest and Board Transition
07:02 - Environmental Approval and 2026 FID Timeline
08:10 - Project Economics at $4.50 Copper Planning Price
10:20 - Recycled Seawater and Chile Water Strategy
11:24 - Pampa Medina Tier One Discovery Potential
13:14 - 50kt Base, 75kt Growth Ambition
15:26 - 2026 Catalysts and $30–50M Drill Program
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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.

Allied Gold (TSX: AAUC; OTCQX: AAUCF) Chairman & CEO Peter Marrone says the company’s C$5.5 billion all-cash sale to Zijin Mining secures what he views as full and fair value, less than two years after Allied’s September 2023 IPO at an approximate C$970 million valuation. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Marrone said the board set a clear pricing threshold during negotiations. “It has to be in the mid forties,” he said, referring to the per-share level required to support a transaction.

Allied rose more than 300% last year on the Toronto Stock Exchange, with the offer coming at a premium to an all-time high. Marrone pointed to recent gold price volatility, noting realized prices in the $3,400–$3,800 range before spot briefly moved above $5,000 per ounce. “There’s a lot of air in between,” he said, describing the risk of sharp swings and the rationale for locking in a cash floor. Allied’s portfolio is anchored by the Sadiola mine in Mali, with more than 10 million ounces of resources, and the Kurmuk project in Ethiopia, expected to produce close to 300,000 ounces annually at roughly $950 per ounce AISC. Shareholders vote in March, with closing anticipated in April.
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/

00:43 - C$5.5B Allied Gold Takeover Overview
02:25 - Why the All-Cash Offer Locks in Value
04:19 - Strategic Process and Asian Buyer Engagement
07:24 - Deal Timeline and “Mid Forties” Price Target
09:06 - Gold Price Volatility and Risk Management
11:20 - Jurisdiction Risk and Tier 1 Asset Reality
15:14 - Dividend Discipline and Share Buybacks
17:24 - Shareholder Vote in March, Closing in April
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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.

Equinox Gold (TSX: EQX; NYSE American: EQX) CEO Darren Hall says the company has reset its balance sheet and is now focused on disciplined execution as it advances toward becoming a 1 million oz per year producer. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Hall said Equinox reduced net debt from more than $1.4 billion at the end of June 2025 to less than $100 million at the end of January 2026, alongside launching an inaugural dividend and applying for an NCIB. “I think it’s more creating a boring business,” he said, describing a strategy centered on quarter-on-quarter delivery and rebuilding credibility with investors.

Equinox produced 923,000 oz in 2025, up 48% year over year, and Hall highlighted operational momentum at Greenstone and Valentine, where throughput reached 110% of nameplate month to date in February after winter-related challenges in January. He outlined an organic growth pipeline including Valentine Phase 2, Castle Mountain, and Los Filos expansion, supported by a $70–$80 million exploration budget and a target to drive total all-in costs below $2,500 per oz, excluding major growth capital.

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/

00:27 - Equinox Calibre Merger And CEO Transition
01:21 - 2025 Balance Sheet Reset And Dividend Launch
03:13 - Path Toward 1 Million Ounces Per Year
04:46 - Brazil Asset Sale Legal Challenge Explained
06:04 - Greenstone And Valentine Operational Update
07:53 - Cost Discipline And Sub $2,500 All In Target
10:27 - Net Debt Reduction And Liquidity Position
12:29 - AI Discovery At Valentine And $70M–$80M Exploration Budget
16:02 - Targeting Top Quartile Peer Valuation
18:25 - Castle Mountain And Los Filos Capital Priorities
19:58 - M And A Speculation And Organic Growth Focus
20:41 - Investor Meetings And Shareholder Base Shift At BMO
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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.

Coeur Mining (NYSE: CDE) President & CEO Mitch Krebs says the company’s acquisition of New Gold marks a transformational step, accelerating Coeur into a larger, more resilient North American silver, gold, and copper producer. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Krebs said the deal builds on last year’s SilverCrest acquisition and moves Coeur into a new peer group with roughly $25 billion in market capitalization, more than $3 billion in EBITDA, and over $2 billion in projected free cash flow on a pro forma basis.

The combined company is expected to produce approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper annually, while lowering overall costs by close to 20%. Krebs said the transaction strengthens the balance sheet, supports potential investment-grade metrics, and opens the door to broader institutional ownership, including eligibility for major U.S. equity indexes. “It’s a massive leap forward,” he said, describing the acquisition as positioning Coeur to perform through commodity cycles while maintaining its silver-dominant profile and expanding capital return options post-closing.

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/

00:43 - Why Coeur Is Acquiring New Gold Now
02:52 - “It’s a Massive Leap Forward”
04:23 - Building Scale and Through-Cycle Resilience
05:25 - Costs, Cash Flow, and Investment-Grade Balance Sheet
07:23 - Exploration Growth and Capital Return Strategy
09:18 - Investor Interest Surges at BMO Conference
10:27 - Seven-Asset Portfolio and Integration Focus
11:27 - 2026 Milestones Including Silver Tip Project
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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.

Vicuña Corp CEO Ron Hochstein says the newly combined Jose Maria and Filo del Sol deposits position the Vicuña district as one of the world’s largest and most advanced undeveloped copper projects, with a staged path toward a final investment decision by the end of 2026. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Hochstein said the recently released preliminary economic assessment outlines a $7.1 billion first-stage development centered on the fully permitted Jose Maria deposit, with total staged capital rising to roughly $11 billion. If built, the project would represent the largest private investment in Argentina’s history.

The district hosts combined resources of 38 million tonnes of copper, 81 million ounces of gold, and 1.4 billion ounces of silver, with a projected mine life exceeding 70 years. Hochstein said the immediate priorities are advancing engineering to a Class 2 capital estimate, finalizing provincial agreements in San Juan, and progressing Argentina’s RIGI investment framework as financing options are evaluated. “See this project through now to successful first copper,” he said, describing his mandate as delivering construction while optimizing future phases across the broader Vicuña district.

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/

01:40 - PEA Outlines $7.1B Stage One Development
02:07 - Why Jose Maria Is Ready for FID
03:32 - Staged Approach Reduces Risk and Optimizes Philo
04:41 - Argentina Government Backing and $7B Investment Impact
06:56 - Permitting, Engineering, and San Juan Provincial Agreement
08:14 - Chile Argentina Binational Treaty and Cross-Border Mining
10:17 - Copper M&A Wave and Industry Consolidation
11:57 - Silver Streaming and Project Financing Options
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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.

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.

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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
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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.

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?
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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
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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.

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
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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.

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

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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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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.