Kitco MINING

Collective Mining (TSX: CNL; NYSE American: CNL) Executive Chair Ari Sussman joins Kitco Mining’s Investment Trends with Paul Harris to discuss new high-grade drilling from the Ramp Zone at the Guayabales Project in Colombia and the path toward a maiden resource in the first half of 2027.

On February 24, 2026, the company reported 54.55 metres grading 7.04 g/t gold and 16 g/t silver from hole APC150-D1, with assay results pending for another 370.25 metres. Sussman said it is “the first time we’ve drilled a ramp from the south in a northeastern direction,” a shift he believes is confirming continuity along the breccia margins. Collective has confirmed 315 metres of high-grade mineralization along the outer southeast margin, with roughly 1,200 metres of additional breccia circumference still to be tested. Visual logging from the first western breccia hole intersected at least 20 metres of Ramp-style mineralization, with assays expected in late March 2026.

Sussman said the company is “hoping to drill somewhere between five to 7 million ounces in our maiden resource” while advancing what he called its largest drill year ever at up to 100,000 metres in 2026. He also addresses drilling at San Antonio, tungsten prices up north of 500% over the past 12 months, investor focus on Colombia’s upcoming presidential election, and why he believes major producers face long-term growth challenges that could drive future M&A.

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.

02:06 - San Antonio Drilling and Porphyry Target Expansion
04:25 - Ramp Zone Expansion and Breccia Margin Potential
06:01 - 5 to 7 Million Ounce Maiden Resource Target
08:14 - Metallurgy Results and Expected Recoveries
09:27 - Gold Bull Market and Valuation Discussion
11:33 - Colombia Election Risk and Investor Concerns
12:53 - Building the Executive Team for Development
15:50 - 100,000 Meter Drill Plan and 2026 Catalysts
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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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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.

LunR Royalties (TSXV: LUNR) has announced a $670 million life-of-mine silver stream on Lundin Gold’s Fruta del Norte mine in Ecuador, a deal that delivers immediate precious metals cash flow to the recently listed royalty company. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, CEO Adam Lundin described the structure as “a very elegant way to get cash flow into Lunar,” with approximately 50 million LunR shares issued to Lundin Gold for distribution to its shareholders.

The stream provides exposure to more than 500,000 ounces of annual silver production, closely aligned with Lundin Gold’s roughly 500,000 ounces of gold output. The transaction increases LunR’s free float, introduces Newmont as a major shareholder with board representation, and positions the company within the underrepresented $1 billion to $10 billion royalty gap. A shareholder vote is required to complete the transaction as LunR scales into a cash-flowing precious metals platform.

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.

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

00:23 - $670M Silver Stream Deal Overview and Rationale
00:43 - How the Share-Based Streaming Structure Works
02:36 - Liquidity, Free Float and Newmont as Shareholder
03:57 - Why Build a Royalty Company Now
04:52 - Scaling LunR Into the $1B–$10B Royalty Gap
05:38 - Competing for Deals in a Crowded Royalty Market
06:33 - Vicuna PEA Results and Phase One Economics
07:36 - Large Silver Stream Deals and Vicuna Potential
08:46 - Faraday Copper Deal With BHP Explained
09:48 - Copper Market Outlook at $6 Per Pound
10:53 - What’s Next for LunR Royalties
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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.

B2Gold (NYSE American: BTG; TSX: BTO) founder Clive Johnson will retire as President and CEO at the company’s annual meeting on June 4, ending a two-decade run that built the miner into a 1 million ounce per year gold producer. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, Johnson said it was “a good time to look at passing the baton.” CFO Mike Cinnamond will succeed him, with Johnson remaining as chair emeritus.

The transition comes as B2Gold ramps up the Goose mine in Nunavut, where crushing circuit modifications are underway as production moves toward design capacity. The company forecasts 2026 production between 820,000 and 970,000 ounces, with output expected to return to 2025 levels by 2027. In Mali, a regional permit at Fekola is expected shortly and could add 180,000 ounces per year.

Johnson said B2Gold is “clearly undervalued” and must “get value for the existing assets” before pursuing acquisitions.

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.

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

00:40 - B2Gold CEO Clive Johnson to Retire on June 4
01:28 - CFO Mike Cinnamond Named Successor
01:45 - Legacy, Values and Global Expansion
02:38 - Goose, Fekola, and Gramalote Growth Pipeline
04:07 - Gramalote Strategy at Higher Gold Prices
05:52 - Path to 2 Million Ounces: M&A and Expansion
06:38 - “Clearly Undervalued”: Stock and Market Perception
08:58 - Goose Ramp-Up and Crushing Circuit Fix
09:34 - 2026 Production Outlook and Free Cash Flow
10:27 - Dividend Policy and Share Buybacks
11:49 - What’s Next for Clive Johnson
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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.

Ammar Al-Joundi, President and CEO of Agnico Eagle Mines (NYSE: AEM; TSX: AEM), says the company is in its strongest financial position after a record 2025. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, Al-Joundi highlighted roughly $4.4 billion in free cash flow, about $950 million in debt repayment, and $1.4 billion returned to shareholders in 2025.

“Our job is to give them as much of that increase as possible,” he said, adding Agnico delivered “over 95%” of the gold price increase to its owners through cost discipline and operating performance.

Looking ahead, Al-Joundi outlined a plan to increase production 20 to 30% over the next decade, targeting more than 4 million ounces annually in the early 2030s, with growth anchored by Detour Lake, Canadian Malartic, Hope Bay, and Upper Beaver. He said the company expects to make a go-ahead decision on Hope Bay in May and plans to return about 40% of free cash flow to shareholders this year while maintaining full exposure to gold prices.

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.

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

01:05 - Record 2025 Results: Safety, Cost Control, and Margin Discipline
02:39 - 10-Year Growth Plan: Four Projects Targeting 4M+ oz
03:56 - Detour Lake Expansion: Underground Mining to Reach 1M oz
04:46 - Canadian Malartic: Higher-Grade Replacement for Open Pit
06:44 - Capital Allocation Strategy: IRRs, 15% Hurdle Rate and Discipline
08:28 - Free Cash Flow Returns: “It’s our owners’ cash” and 40% Target
10:28 - Dividends in a Cyclical Gold Business and Reserve Growth
14:42 - Cost Control, Gold Outlook, and No Hedging Policy
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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 Digging Deep with Paul Harris to break down what he sees as a structural capital crunch in copper and a turning point in mine finance. Rule says “the copper industry requires at least $250 billion in capital expenditure over the next 10 years to maintain current levels of output,” arguing that traditional funding sources are falling short.

He explains why Wheaton Precious Metals’ $4.3 billion silver stream with BHP, announced February 17, 2026, may signal a new era of mega-deals, and how royalty and streaming companies could further lower their cost of capital through long-dated bonds backed by existing streams. On Lundin and BHP’s Vicuña project, following the integrated PEA released February 17, 2026, Rule says if the “most exciting copper discovery on the planet” struggles to meet hurdle rates, it may point to copper’s true incentive price.

Rule also contrasts what he calls “the best permitting environment that we've seen in the last 30 years” at the US federal level with the latest legal setback for Alaska’s Pebble project, including a Department of Justice brief filed February 16, 2026.

In this interview, Rick Rule also discusses:
 • Streaming arbitrage and copper’s capital gap
 • Copper IRRs and long-term price signals
 • US permitting signals from Arizona to Pebble

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.

00:51 - Rick Rule Copper Bootcamp: Investing in Copper in 2026
03:45 - Wheaton–BHP $4.3B Silver Stream Deal Explained
09:24 - Franco & Wheaton 20–30 Year Bonds: Lowering Cost of Capital
11:16 - Lundin & BHP Vicuña PEA: 400kt Copper, $7.1B Stage 1 Capex
14:08 - Copper Price Floor? IRR Sensitivity & Argentina Fiscal Stability (RIGI)
17:54 - How Vicuña Gets Built: Case for Another Billion-Dollar Stream
23:19 - Arizona Sonoran Cactus Project: Rio Tinto Exit & US Permitting Shift
26:44 - Pebble Project Legal Battle: DOJ Brief & Community Strategy
34:53 - Elemental Royalty Dividend in Tether Gold Explained
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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.

Goldstorm Metals (TSXV: GSTM) President and CEO Ken Konkin joins Kitco Mining’s Investment Trends with Paul Harris to outline the company’s 2026 drill campaign in British Columbia’s Golden Triangle, targeting a large copper-gold-silver system along the same regional trend that hosts KSM, Treaty Creek, and Brucejack. Konkin says the focus is a 1.2 km IP chargeability anomaly on the Orion Spine, adding, “we're after the elephant here, not the, not the mink or the fox here, we're after the elephant.”

Goldstorm plans a 3,000 m first-pass program this summer to test what Konkin described as “a large 1 billion ton target,” with success defined as intercepting “0.3% copper, say a gram gold over hundreds of meters.” He also pointed to historic drilling on trend that returned “222 meters of 0.9 gold.”

Beyond the deep porphyry target, Konkin highlighted high-grade gold-silver upside at Delta West, including surface samples up to 39.9 grams gold. With over $1 million in treasury and what he called “a very safe geopolitical arena,” he argues the region remains underappreciated, adding, “This is truly a silver belt as much as it is a gold belt.”

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.

02:20 – From Tudor Gold to Goldstorm: The November 2022 Spinout Strategy
03:55 – The Structural “Pendulum”: Why This Trend Hosts Giant Deposits
05:26 – Exploration Template: Geophysics, Chargeability & “Hunting the Elephant”
07:46 – Defining Success: “1 Billion Ton” Target & What a Hit Looks Like
09:10 – 3,000 m Drill Plan: Spacing Strategy & Resource Timelines
11:01 – AI in Exploration: Where It Works and Where It Doesn’t
13:24 – Surviving the Junior Financing Market Since 2022
15:43 – High-Grade Upside: RUM, Electrum & the Silver-Gold Trend
18:41 – 2026 Field Strategy: Target Selection & Phase Two Funding
20:18 – Drill Logistics: July Start, Helicopters, Camp & Assay Timing
21:11 – Silver Economics: Why “This Is Truly a Silver Belt”
25:07 – Next 12 Months: Catalysts, Delta West & 39.9 g/t Surface Gold
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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
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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.

Newcore Gold (TSXV: NCAU) President and CEO Luke Alexander joins Kitco Mining’s Investment Trends with Paul Harris at VRIC 2026 to discuss advancing the Enchi gold project in Ghana’s Bibiani Shear Zone and how higher gold prices are shaping development decisions across Africa.

Alexander says the company has expanded drilling to 45,000 m but is “still just scratching the potential across our entry project,” with more than 25 targets identified and only nine drilled so far. Recent high-grade results, including visible gold, are helping validate the geological model and support the potential for feeder zones similar to those that have driven significant resource growth at other major Ghanaian gold mines.

Looking ahead to a pre-feasibility study targeted for June 2026, Alexander outlines how optimization work and a higher gold price environment could improve project economics. He explains that for every $100 move in the gold price, the project’s after-tax net present value increases by roughly $50 million, highlighting the leverage embedded in Enchi beyond the assumptions used in the 2024 preliminary economic assessment.

The discussion also covers warrant expiry on Feb. 27, 2026, funding for expanded drilling, and the potential for a rerating as Enchi advances toward development and a possible production decision by 2029. 

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.

00:36 – Enchi Project Update: Drilling Progress and Exploration Upside
01:56 – High-Grade Gold Results and Visible Gold Discoveries
05:35 – Pre-Feasibility Study Plans and Project Optimization
11:22 – Balance Sheet Strength, Warrants, and Funding Strategy
20:17 – Gold Market Dynamics, Africa M&A, and Valuation Gaps
23:56 – Key Catalysts, PFS Timeline, and Closing Remarks
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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: 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 Investment Trends with Paul Harris to explain why the silver bull market is forcing a rethink on valuations and why developers with scale are positioned for a catch-up move. McDonald says Kootenay’s approach is to build value by de-risking its assets while keeping strategic options open, adding, “we aim to be a seller.”

McDonald discusses progress at the Columba Project in Chihuahua, Mexico, where Kootenay delivered a maiden inferred resource of 54 Moz silver grading 284 g/t and is drilling 50,000 m to expand wide, high-grade zones. He explains how vein thickness underpins project economics, noting, “The better the width, the lower that your cost.” The interview also highlights Kootenay’s pipeline of more than 300 Moz of silver equivalent across four deposits, the company’s strong capital position, and La Cigarra as a near-term inflection point, with a PEA expected in Q2 2026 that could mark its transition from explorer to developer as M&A interest builds in the silver sector.

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.

00:16 – Interview with Jim McDonald, Background and Company Overview
00:42 – Kootenay Silver’s Key Projects and Resources
04:18 – Business Strategy and Future Plans
06:58 – Columba Project Deep Dive and Expansion Potential
17:14 – Financial Position and Market Impact
32:27 – Promotional Activities and Market Perception
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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: 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.

Thesis Gold (TSXV: TAU; OTCQX: THSGF) President and CEO Ewan Webster joins Kitco Mining’s Investment Trends with Paul Harris to discuss advancing the Lawyers-Ranch gold-silver project in British Columbia’s Toodoggone District following a pre-feasibility study released in December. Webster said, “We really wanted to let the project speak for itself, and I think it very much did that.”

The PFS outlines a 15-year mine averaging about 187,000 oz of gold equivalent per year at an all-in sustaining cost of roughly $1,185 per oz, based on conservative metal prices. Webster explains how grade, mine sequencing, and a brownfield development profile drive the project’s economics and leverage to today’s gold and silver market.

Webster also outlines the path toward feasibility in the second half of 2027 and a potential construction decision in late 2028, noting that permitting began in December and is budgeted at roughly three years. On the broader opportunity, he said the Toodoggone is “the most exciting exploration district in Canada, if not North America at the moment.”

The discussion also touches on Centerra Gold’s 9.9% strategic equity stake and First Nations participation as equity investors as Thesis Gold continues to de-risk toward development.

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.

00:27 – Thesis Gold Overview and B.C. Gold Project Introduction
00:54 – Lawyers-Ranch Project History and District Context
02:12 – Pre-Feasibility Study Results and Key Takeaways
04:45 – Project Economics, Grades, and Gold Price Leverage
07:17 – Exploration Upside and Feasibility Study Roadmap
08:53 – Strategic Partnerships and Toodoggone District Development
15:32 – Financing Position, Cash Balance, and Market Re-Rating
16:48 – Gold Sector M&A, Strategic Interest, and Data Room Access
18:16 – Key Catalysts and Outlook for 2026
21:10 – First Nations Equity Partnership and Closing Remarks
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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: 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.

Mark Utting, Senior Vice President of Investor Relations at Discovery Silver, joins Kitco Mining to explain how the company is generating gold cash flow in Canada while advancing one of the world’s largest undeveloped silver projects in Mexico.

Discovery produced more than 66,000 ounces of gold in Q4 2025 and about 180,000 ounces from the April acquisition close through year end at the Porcupine complex in Northern Ontario. With more than $410 million in cash, no debt, and access to a $250 million revolving credit facility, the company is reinvesting cash flow to scale production toward 500,000 to 750,000 ounces per year over the next three to five years.

A key catalyst is the potential restart of the historic Dome Mine, which hosts an estimated 11 million ounces of gold in resources and could add 200,000 to 250,000 ounces of annual production. Utting also provides an update on the Cordero silver project in Mexico, including permitting progress and Discovery’s focus on minimizing dilution. “We give dual exposure on the precious metal side,” Utting said.

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest mining news and interviews.

00:50 – Discovery Silver’s Dual Gold and Silver Exposure
02:06 – Porcupine Complex Operations and Growth Potential
04:14 – Financial Strength, Cash Flow, and Capital Strategy
10:34 – Cordero Silver Project, Permitting, and Mexico Outlook
15:40 – Production Growth Outlook and Closing Thoughts
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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
 
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