Kitco Mining

Kitco Mining is dedicated to reporting on the mining industry, offering a clear perspective on industry trends through breaking news coverage and reporting.

[Kitco Mining @KitcoMining]

Sirios Resources Targets Cheechoo Resource Expansion After 23,000m Drilling | Jean-Félix Lepage

@SiriosRes is advancing its Cheechoo #gold project in Quebec toward a first preliminary economic assessment (PEA), following 23,000 meters of resource-expansion drilling and ahead of a planned 12,000-meter winter campaign.

Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, Jean-Félix Lepage, CEO of Sirios Resources, discusses the upcoming mineral resource update and initial PEA, targeted for the first half of 2027. Sirios has also received shareholder approval for a planned name change to Sirios Mining, reflecting its shift toward project development.

https://t.co/PiWM8FNNfG

Special thanks to our sponsor, @RDSMining

[Kitco Mining @KitcoMining]

Brunswick Exploration Reports Major Lithium Discovery in Quebec | Killian Charles

Brunswick Exploration is advancing a major lithium discovery at its Anatacau Main project in Quebec's James Bay region after reporting 302 meters grading 1.73% #lithium oxide, including 142 meters at 1.97%. CEO Killian Charles says the company has increased its proposed financing from C$11 million to C$20 million to support further exploration.

Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, Charles discusses the significance of the discovery, located approximately 20 kilometers from Rio Tinto's Galaxy project. He said, “We believe we've made a significant discovery, and that's putting it lightly.”

https://t.co/Yst40rchR1

Special thanks to our sponsor, @RDSMining.

[Kitco Mining @KitcoMining]

'When There’s Blood in the Water' Mining Finance Gets Harder | Nicole Adshead-Bell

#Copper development is getting more expensive just as the market needs new supply.

Nicole Adshead-Bell, Director of Cupel Advisory, joins Kitco Mining’s Digging Deep with Paul Harris to examine Freeport-McMoRan’s $4.5 billion Bagdad expansion, a further $144 million investment at Resolution Copper, and mounting production, cost, and governance problems at Codelco in Chile.

https://t.co/ZFNZBrLk3m

[Kitco Mining @KitcoMining]

First Mining Gold Targets 2028 Build Decision for Springpole | James Maxwell

First Mining Gold @FirstMining is targeting a potential construction decision in 2028 for its Springpole gold project in Ontario, while advancing Duparquet in Quebec toward key development milestones in 2027.

Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, James Maxwell, VP of Exploration and Project Operations at First Mining Gold, discusses Springpole's June 30 federal environmental approval, Indigenous community agreements, and pending provincial decision. A feasibility study is targeted for the second half of 2027, alongside preparations for site-access infrastructure.

https://t.co/3oIUk2odbj

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[Kitco NEWS @KitcoNewsNOW]

By the Time It’s in the News, It’s Too Late | Short Seller Laks Ganapathi

By the time it's in the news, it's too late. Short seller Laks Ganapathi, whose new fund Michael Burry advises, says the AI selloff is just the beginning, and the real risk is in the debt, not the stocks.

Ganapathi, founder of Unicus Research and Minerva Investment Management, joins Jeremy Szafron to explain what her team found driving across Texas to AI data centers, why a bank is selling $500 million of data center loans, why the bond market is flashing red on AI borrowers while stocks rally, and how private credit can end up inside the insurers behind retirees' annuities. She also explains why she only trusts physical gold, never paper #gold.

https://t.co/z6S7b9D0vg

[Kitco Mining @KitcoMining]

October CPI likely in line, but ‘we think another hike will be warranted in December’ – Natixis’ Hodge

Tuesday morning’s consumer price index report for October will likely show price pressures moderating in line with economists’ expectations, but while there is little evidence that U.S. inflation is reaccelerating, the road back to the Fed’s target looks to be a bumpy one, according to Christopher Hodge, Head Economist for the U.S. at Natixis.

https://t.co/JvfzHRPtp0

[Kitco Mining @KitcoMining]

Altius Minerals Sees More Renewable Revenue Ahead | André Gaumond

@AltiusMinerals has invested approximately $750 million over the past 18 months, according to independent director André Gaumond, as the company expands its #lithium and renewable energy royalty portfolio and positions for further revenue growth.

Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, Gaumond discusses Altius' acquisition of Lithium Royalty Corp. and its increased ownership in Great Bay Renewables from 29% to 50%. Altius reported preliminary Q3 2026 attributable royalty revenue of C$33.2 million, including C$13.2 million in its electricity category, which also includes financing-related income.

https://t.co/ctAjDB8W0X

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[Kitco Mining @KitcoMining]

Midterm Results Put U.S. Mining Permitting at Risk | Rick Rule

#Gold miners are back on Rick Rule’s @RealRickRule buy list as falling share prices push valuations to levels he says he has rarely seen in five decades of investing.

Rick Rule, President & CEO of Rule Investment Media, joins Kitco Mining with Paul Harris and says gold equities are now “as cheap as it's been at any point in time in my career,” although higher nominal interest rates could still push bullion and mining shares lower before valuations recover. He is buying across royalty companies, producers, developers and explorers as tax-loss season creates further opportunities.

https://t.co/KDuYE8aeTl

[Kitco Mining @KitcoMining]

Barrick maintains 2026 guidance despite Q3 earnings miss

Barrick Mining Corporation @barrick_mining (NYSE: B, TSX: ABX) reported weaker-than-expected third-quarter earnings as rising operating costs continued to weigh on the mining giant's financial performance. However, stronger gold production and higher realized prices helped support revenue growth as the company maintained its full-year production guidance.

https://t.co/zbv1q4vqV1

[Kitco Mining @KitcoMining]

Maple Gold Outlines Path to Two-Mine Gold Complex | Alex Rodriguez

Maple Gold Mines @MapleGoldMines is advancing plans for a potential two-mine #gold complex in Quebec, targeting a preliminary economic assessment (PEA) in Q2 2027 for its Douay/Joutel project.

Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, Alex Rodriguez, Senior VP of Corporate Development and Strategy at Maple Gold Mines, discusses the company's April resource update and plans to incorporate approximately 57,000 meters of drilling into its next resource estimate.

https://t.co/ia4KGRRPlE

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[Kitco Mining @KitcoMining]

Gold Fields Eyes 300,000 Oz Annually at Windfall | Andréanne Boisvert

Gold Fields @GoldFields_LTD is preparing to advance its Windfall #gold project in Quebec toward construction after securing environmental authorization on October 30, with a final investment decision potentially coming by February 2027.

Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, Andréanne Boisvert, VP of Environment and Community Relations at Gold Fields, describes the approval as the culmination of a lengthy regulatory review. “it was a three-and-a-half year journey to make it to this point,” she said.

https://t.co/PHqJFXugqH

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[Kitco NEWS @KitcoNewsNOW]

Gold Got Dumped for Cash, That’s Exactly Why You Own It | Adrian Day

#Gold fell back under $4,000 as #AI stocks slid, and Adrian Day says that’s the metal doing its job. When markets crack, investors raise cash, and gold is one of the things they always sell. “That’s exactly what you own gold for,” says the chairman and CEO of Adrian Day Asset Management.

At the New Orleans Investment Conference, Day tells Kitco News anchor Jeremy Szafron he sees strong support near $3,650 and doesn’t expect a V-shaped recovery, but he remains “extremely bullish” on the fundamentals. He points to past market shocks, from 1974 to 2008, after which he says gold and gold stocks returned 50% to 100% within 12 to 18 months, and to clients he has seen sell out and never get back in.

https://t.co/Sdvsb4400n

[Kitco NEWS @KitcoNewsNOW]

Most of His Net Worth Is in Gold, Here’s Why Mine Builder Bob Quartermain Is Still Bullish

Gold fell back below $4,000 on Oct. 30, and Robert Quartermain has weathered drops like this before. He started in the business when #gold was $140 an ounce, and he says the industry’s discipline means producers are still making money at today’s prices, with costs around $1,600 to $2,000 an ounce.

At the New Orleans Investment Conference, the veteran mine builder tells Kitco News anchor Jeremy Szafron that gold is “still a small trade,” so short sellers and liquidity squeezes can knock it down fast. The fundamentals haven’t changed, he argues, with central banks still buying and gold still flowing into China. Most of his own net worth is tied to gold, and he says there’s “a point where even I start buying physical gold back again.”

https://t.co/BvmtqryvZO

Special thanks to our sponsor, @DakotaGoldCorp, for making this coverage possible.

[Kitco Mining @KitcoMining]

Gold and Copper Have More Room to Run | Stephen Stewart

Quebec's Chibougamau district is seeing renewed #copper and #gold investment as exploration programs expand and mining companies consolidate assets, according to Stephen Stewart, Founder and Chairman of @TheOreGroup .

Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, Stewart outlines XXIX Metal's approximately 65,000-meter drilling campaign across Quebec and Ontario, including work to evaluate Cooke as a potential second open pit for Opemiska. A pre-feasibility study is targeted for 2027.

https://t.co/jiBnk5IZz9

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[Kitco Mining @KitcoMining]

Fury Gold Mines Sees Rising Interest Ahead of 2027 PFS | Tim Clark

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

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

https://t.co/mzVpBlc8xX

[Kitco Mining @KitcoMining]

Galiano Gold Sees Path Above 250K Oz at Asanko | Matt Badylak

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

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

https://t.co/mglNwKtEbs

[Kitco Mining @KitcoMining]

Uranium miners: A liquidity shock, not a broken thesis

(Kitco Commentary by @Sprott) - Key Takeaways

• #Uranium Miners Have Disconnected From the Commodity: Uranium equities have sold off sharply even as spot uranium prices remain firm and long-term contract prices have reached record levels.
• The Fundamental Uranium Thesis Remains Intact: Nuclear expansion, tightening inventories, energy-security priorities and a slow mine-supply response continue to support the need for new uranium production...

https://t.co/N3toOBo3dD

[Kitco Mining @KitcoMining]

Mining Stocks Could Get Caught in an AI Selloff | Joe Mazumdar

#Gold miners face shrinking margins as bullion prices retreat and operating costs rise, while labor shortages and permitting delays threaten to make new mines more expensive to build, according to @JoeMazumdar , Editor of Exploration Insights.

Speaking with Kitco Mining's Paul Harris on October 30, 2026, Mazumdar examines the Federal Reserve's decision to hold interest rates at 3.75% to 4% and the outlook for gold. He warns that “margins will decline” as energy and labor costs rise, although producers could remain free-cash-flow positive.

https://t.co/csdTvNnw1x

[Kitco Mining @KitcoMining]

B2Gold Shifts From Mine Spending to Cash Flow and Buybacks | Mike Cinnamond

@B2GoldCorp 's new President and CEO Mike Cinnamond says delivering on existing investments is key to unlocking stronger free cash flow and addressing the #gold producer's valuation discount, as the company works to bring its Goose Mine in Nunavut to full capacity and expand production in Mali.

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

https://t.co/B9cV0RikDJ

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