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]

Inside America’s Eastern Gold Giant: OceanaGold’s Haile Mine

Kitco Mining goes on site at @OceanaGold's Haile Gold Mine in Kershaw, South Carolina, the fourth-largest #gold mine in the United States and the largest east of the Mississippi.

>> Full video at Kitco Mining:
https://t.co/O9SBLlEl6R

Gold was first discovered at Haile in 1827. Nearly 200 years later, the mine is entering a new growth phase, with OceanaGold targeting a production increase of close to 35% in 2026 as higher-grade underground ore, continued open-pit mining and exploration across the Carolina Slate Belt reshape the operation.

Paul Harris tours Haile’s open pits, underground workings, processing plant, and exploration targets to examine how the mine is becoming a larger part of OceanaGold’s North American strategy following its April 7, 2026, listing on the New York Stock Exchange under the ticker OGC.

Haile is expected to produce up to 260,000 oz of gold in 2026, provide about 45% of OceanaGold’s consolidated production, and continue advancing a $10 million exploration program targeting new ounces below and beyond the historic pits.

What’s inside:
• Carolina gold history and Haile’s modern restart
• 35% production growth expected in 2026
• Underground mining and lower-cost growth
• Blind discoveries below historic pits
• $10 million exploration program and 35,000 meters of drilling
• Refractory ore processing and advanced controls
• Kershaw workforce and local economic impact
• OceanaGold’s NYSE listing and U.S. investor push

00:23 - Carolina Gold History
01:11 - 2026 Growth and Costs
02:16 - Exploration and New Targets
03:40 - Shift to Underground Mining
05:13 - Processing Refractory Ore
06:53 - Leadership and Local Workforce
08:22 - Community Economic Impact
09:39 - OceanaGold Strategy and Outlook
10:22 - Milestones and Gold’s Moment
11:12 - Closing from South Carolina

[Kitco Mining @KitcoMining]

Equinox Gold and Orla Mining: What it means for gold-sector consolidation

Equinox Gold and Orla Mining have announced a planned all-stock transaction to create a North American-focused senior gold producer with roughly 1.1 million ounces of annual production and a development pipeline to 1.9 million ounces. Darren Hall, President and CEO of Equinox Gold, and Jason Simpson, President and CEO of Orla Mining, join Kitco Mining’s Paul Harris to discuss the May 13, 2026, deal and what it means for gold-sector consolidation.

> Full video at Kitco Mining:
https://t.co/lxPByy3fqT

The transaction is expected to create a company with 23 million ounces of reserves and an expected market capitalization of about $18 billion to $19 billion. Hall said the companies are combining from a position where both are undervalued, while the merger could create a senior-producer profile “which no company on its own could do in the next few years.” Simpson said the timing reflects a push to accelerate value creation, with the combination “propelling us into a senior space.”

The discussion covers why now is the right time for gold M&A, how the combined company plans to fund about $2 billion of development projects with projected free cash flow from 2026 to 2030, why U.S. and Canadian exposure matters, and the catalysts ahead at Greenstone, Valentine, Musselwhite, Castle Mountain, Los Filos, and South Railroad.

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.

00:49 - Why Merge Now
04:42 - Leadership And Strategy
06:18 - North America Focus
09:35 - Exploration Upside
12:49 - Funding And Returns
15:50 - Debt And Balance Sheet
16:53 - Approvals And Timeline
21:13 - Synergies And Scale

[Kitco NEWS @KitcoNewsNOW]

Passive Investing and Late Cycle Complacency

The 30-year U.S. Treasury yield is testing 5.18%, fundamentally shifting the math for equities, credit, and the traditional 60/40 portfolio. While Wall Street continues to buy the AI tech dream, Oxbow Advisors Founder and Managing Partner Ted Oakley warns of a severe disconnect between the stock market and the real economy.

> Full video at Kitco:
https://t.co/x7IBrRrM6B

In this Kitco News exclusive, Oakley breaks down the risks of late-cycle complacency and explains why the passive bid keeping the S&P 500 afloat will eventually dry up. Oakley details the physical energy reality behind the $725 billion AI buildout, sharing exactly why institutions will soon be forced to buy energy stocks, and lists his top pipeline and driller stock picks. He also outlines his contrarian view on precious metals, explaining why gold may need a $500 drop to flush out momentum buyers before its next major leg higher, and reveals the gold and silver miners currently sitting at historic profitability spreads. Finally, Oakley shares his core wealth preservation rules for investors navigating a high-yield environment.

Recorded May 19, 2026

Follow Jeremy Szafron on X: @JeremySzafron
Follow Kitco News on X: @KitcoNewsNOW
Follow Ted Oakley on X: @Oxbow_Advisors

CHAPTERS:
00:00 Markets Shifting
01:42 Bond Yields Break the Math
03:21 Fed Policy and Floating Rate Risk
05:29 Passive Investing and Late Cycle Complacency
09:22 AI Buildout Meets Commodity Reality
14:40 Energy Playbook and Stock Picks
22:13 Gold Pullback Setup
23:30 Spotting Momentum Washouts
25:07 Which Miners To Buy
27:36 Family Wealth Rules
29:15 Real Estate And Liquidity Events
37:35 Energy Mispricing Finale

[Kitco Mining @KitcoMining]

Equinox-Orla Deal Signals Gold M&A Push | Neil Adshead

Neil Adshead, Consultant Analyst at the Commodity Discovery Fund, joins Kitco #Mining’s Digging Deep with Paul Harris to break down a week dominated by #gold M&A, #copper supply stress, and rising investor interest in large-scale mining stories.

> Full video at Kitco Mining:
https://t.co/FaEf8thsZj

Recorded on May 13, 2026, the discussion covers Equinox Gold’s planned all-stock acquisition of Orla Mining, a transaction announced the same day to create a roughly 1.1-million-ounce-per-year North American gold producer. Adshead says the deal reflects the push for scale among mid-tier producers, with larger companies better positioned to attract bigger investors and stronger index demand.

The conversation turns to copper, where Freeport-McMoRan’s revised Grasberg timeline adds pressure to an already tight market. “It is difficult out there for these major miners to keep up,” Adshead said, citing aging mines, falling grades, and recurring production slippage. He also discusses First Quantum’s La Granja project in Peru, Hudbay’s Arizona copper strategy, Lumina Metals’ copper-#silver IPO, Barrick Mining’s Reko Diq delay, Nevada Gold Mines speculation, and San Lorenzo Gold’s Chile discovery.

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

00:20 - Equinox Gold to Buy Orla Mining
03:01 - Copper Price Surges Toward $6.25/lb
05:53 - First Quantum Updates La Granja Resource
08:15 - La Granja Project Design and Slurry Pipeline
09:32 - Arsenic Penalties in Copper Concentrates
11:03 - Arizona Copper Deals and Hudbay’s Strategy
13:33 - Lumina Metals IPO and Copper-Silver Demand
15:51 - Ross Beaty’s Big Week in Mining
18:32 - Nevada Gold Mines JV Shakeup Talk
25:53 - San Lorenzo Gold’s Chile Drill Discovery

[Kitco Mining @KitcoMining]

Gold M&A Heats Up as Equinox and Orla Announce Merger | Hall & Simpson

@EquinoxGoldCorp and @MiningOrla have announced a planned all-stock transaction to create a North American-focused senior #gold producer with roughly 1.1 million ounces of annual production and a development pipeline to 1.9 million ounces. Darren Hall, President and CEO of Equinox Gold, and Jason Simpson, President and CEO of Orla Mining, join Kitco #Mining’s @PaulHarrisGold to discuss the May 13, 2026, deal and what it means for gold-sector consolidation.

> Full video at Kitco Mining:
https://t.co/TJaDD2hZTG

The transaction is expected to create a company with 23 million ounces of reserves and an expected market capitalization of about $18 billion to $19 billion. Hall said the companies are combining from a position where both are undervalued, while the merger could create a senior-producer profile “which no company on its own could do in the next few years.” Simpson said the timing reflects a push to accelerate value creation, with the combination “propelling us into a senior space.”

The discussion covers why now is the right time for gold M&A, how the combined company plans to fund about $2 billion of development projects with projected free cash flow from 2026 to 2030, why U.S. and Canadian exposure matters, and the catalysts ahead at Greenstone, Valentine, Musselwhite, Castle Mountain, Los Filos, and South Railroad.

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.

00:49 - Why Merge Now
04:42 - Leadership And Strategy
06:18 - North America Focus
09:35 - #Exploration Upside
12:49 - Funding And Returns
15:50 - Debt And Balance Sheet
16:53 - Approvals And Timeline
21:13 - Synergies And Scale

[Kitco NEWS @KitcoNewsNOW]

The 2-Year Market Bubble Has Begun: AI, Money Printing and Inflation | Clem Chambers

Is the stock market entering a massive bubble? Clem Chambers, CEO of Online Blockchain plc, joins Kitco News anchor Jeremy Szafron to break down why the AI infrastructure build-out and U.S. deficit spending are fueling a 2-year market bubble. Chambers also analyzes President Trump's high-stakes visit to China and Xi Jinping's warning over Taiwan, explaining why physical gold acts as the ultimate "thermostat" for global geopolitical risk.

> Full video at Kitco:
https://t.co/oz33xVm6c0

Moving beyond the semiconductor hype, Chambers outlines the hidden "choke point" in the AI revolution: a severe lack of electricity and grid capacity. He details why the real investment opportunities lie in hard assets, industrial batteries, and copper as the physical supply chain scrambles to meet surging energy demands. Finally, the two discuss central bank liquidity, the ongoing U.S. deficit, and how to navigate the markets as capital rotates away from geopolitical stress.

Recorded May 14 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://t.co/Gwgd7SItfd)
Follow Kitco News on X: @KitcoNewsNOW (https://t.co/auhehytOrA)
Follow Clem Chambers on X: @ClemChambers (https://t.co/X03JnkRoIS)

00:00 Trump-Xi Summit Meets the Markets
01:14 #Gold as a Geopolitical Thermostat
03:05 What News Actually Moves Physical Gold?
05:02 The Rare Earths Reality Check
07:10 Dollar Strength vs. "War Gold"
10:30 Silver's 'FOMO' Washout
13:45 The New U.S.-#China Trade Wall
17:17 The AI Power Bottleneck Trade
18:44 Hidden #AI Supply Chain Plays
20:44 Printing Money vs. Real Productivity
22:10 Finding Value in Hard-Asset Infrastructure
23:52 The Nasdaq Bubble Playbook
26:37 Energy Stress & Geopolitical Bottlenecks
32:10 Fed Liquidity & The Investor Playbook

[Kitco Mining @KitcoMining]

Record Gold Profits, But Growth Still Flat | Joe Mazumdar

Joe Mazumdar, editor of Exploration Insights, joins Kitco Mining’s Digging Deep with Paul Harris to unpack a record-setting earnings season for gold producers, where higher margins, stronger free cash flow, and rising shareholder returns are reshaping the sector.

> Full video at Kitco Mining:
https://t.co/jpzdbq3Gnh

Mazumdar highlights Newmont and Lundin Gold as standout performers, but says the bigger issue is that organic production growth remains constrained despite higher gold prices. With producers trading at a premium to the assets they are acquiring, he argues M&A may be more attractive than building new mines in a high-cost environment. “Why take the permitting risk? Why take the capital escalation risk that we're seeing in some of these underground projects when you could just get a producing asset that you like?”

The discussion also covers exploration spending discipline, risks behind aggressive junior drilling programs, assay delays, rising drilling costs, Cameco’s downstream nuclear strategy, and why companies are packaging non-core assets into more focused vehicles.

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.

Recorded May 07, 2026

00:24 - Q1 #Gold Earnings Surge and Record Margins
03:41 - Cost Pressures, Streams, and Weak Performers
06:08 - Divestments, Debt Paydown, and Project Builds
08:05 - Growth Constraints and Exploration Spending
11:57 - Why M&A Is Cheaper Than Building Mines
15:50 - Junior Drilling Boom and Execution Risks
19:23 - Rigs, Labor Shortages, and Assay Delays
22:28 - Australia Gold Deal and Reporting Differences
27:12 - #Uranium Momentum and Cameco Strategy
31:45 - Spinouts and the Non-Core Asset Shift

[Kitco Mining @KitcoMining]

Fortuna’s Growth Plan: More Mines, More Cash Flow | Jorge Ganoza

@fortunamining (NYSE: FSM; TSX: FVI) President and CEO Jorge Ganoza joins Kitco Mining’s Kitco Spotlight with Paul Harris to discuss the company’s Q1 2026 results, released in early May, and how Fortuna is using record free cash flow to fund its next phase of growth without issuing shares.

>> Full video at Kitco Mining:
https://t.co/xnEKpoGmBc

Fortuna reported $120 million in net earnings and $174 million in free cash flow in Q1 2026 on production of about 72,000 gold equivalent ounces. Ganoza said the company is “truly capturing the benefit of this high-price environment” as it advances a 60% gold production growth plan over the next 24 months, driven by the Séguéla expansion in Côte d’Ivoire and Diamba Sud development in Senegal.

Ganoza also discusses Fortuna’s path to 500,000 oz per year, Diamba Sud permitting after a September 2025 submission, May 2026 project studies, exploration upside at both assets, West Africa government take, frontier-market tradeoffs, potential M&A opportunities in Africa, and share buybacks.

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 Fortuna Mining, visit: https://t.co/Ki0TJRpipO

00:23 - Record Q1 2026 Results and Free Cash Flow
03:33 - Roadmap to 500,000 oz of Annual Gold Production
06:38 - Exploration Upside at Séguéla and Diamba Sud
08:41 - Why Fortuna Sold Short-Life Mining Assets
10:56 - Caylloma Mine Outlook and Free Cash Flow
13:48 - West Africa Mining Risk and Government Take
17:09 - Fortuna’s Frontier Market Strategy and Tradeoffs
22:30 - Share Buybacks and Shareholder Returns

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.

[Kitco NEWS @KitcoNewsNOW]

#Silver shooting higher. On its way to $90+? Stay tuned...

[Kitco Mining @KitcoMining]

Mining Profits Surge, But Stocks Aren’t Following | Feneck

John Feneck, Founder & CEO of The Feneck Commodities Report, joins Kitco Mining’s Digging Deep as gold and mining equities pull back amid ongoing geopolitical tension in the Middle East. Speaking with Paul Harris, Feneck said the recent weakness does not signal a breakdown in the trend, but a buying opportunity within a broader bull market. “This is a buying opportunity,” he said.

>> Full video at Kitco Mining:
https://t.co/oPpijXH6Gq

Feneck highlighted a growing disconnect across the sector, with major producers like @NewmontCorp and @kinrossgold generating record free cash flow, while many junior gold stocks are down 25% to 40% since early March. He said that gap, combined with constrained global gold production, could drive increased M&A activity as majors look to secure new ounces. At the same time, some major banks continue to forecast gold in the $5,300 to $6,000 range over the next 9 to 12 months, while larger-scale deposits are increasingly required to attract serious interest.

The discussion also covers silver supply deficits, China’s growing role in critical minerals, and the return of capital to the sector through major financings and IPOs.

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.

00:23 - Geopolitics and Gold Pullback
01:48 - Record Producer Cash Flow Surge
03:54 - Flat Supply and Rising M&A Pressure
05:15 - Yukon Turnaround and Undervalued Juniors
07:52 - Why 5Moz Is the New Benchmark
09:09 - Permitting Risks and PEA Pitfalls
12:14 - Ross Beaty IPO and Capital Return
15:04 - Nickel Market Rebound and Supply Shifts
17:56 - Rare Earth Deal and Strategic Demand

[Aaron Dishner @MooninPapa]

BTC is pushing into a very frothy breakout, with RSI making higher highs and the daily chart still in strong bullish mode. Ethereum has finally closed above resistance, but still needs stronger volume confirmation before this rally looks truly sustainable.

Bitcoin dominance remains the big chart to watch, especially if BTC, ETH, and BTC.D all close above their key RSI resistance levels. Stablecoin dominance is breaking down hard, which is bullish for risk assets short term, but also raises the odds of a sharp pullback if conditions get too overheated.

TradFi is giving mixed signals: DXY is still trying to form higher lows, USD/JPY may be nearing another key rejection zone, equities are squeezing higher on weak volume, and the Nikkei is making new highs. Oil is rolling over, while gold and silver are pushing up with suspiciously weak volume.

The main takeaway is account preservation. Markets are heating up fast, but May and June are historically tricky, and bottom-year rallies can still roll over hard. Protect your portfolio, manage emotions, and do not chase overextended charts without a plan.

00:00 BTC RSI breakout and overheated market conditions
01:13 ETH closes above resistance, but volume still matters
02:09 Bitcoin dominance and Bitcoin season risk
03:00 Stablecoin dominance breakdown and pullback warning
04:31 TOTALES, TOTALE50, TOTALE100, and altcoin strength
05:26 DXY, USD/JPY, and S&P futures
07:41 Tesla and NVIDIA setups
09:20 VIX and Nikkei breakout
10:15 Oil, gold, silver, and weak volume signals
11:50 Account preservation and bottom-year thesis
12:48 TBO and Better Traders Journal
13:44 Viewer chart requests and market picks
14:23 TRX, DOGE, LINK, and ZEC
19:42 ETC, ONDO, MORPHO, DASH, VIRTUAL, and FARTCOIN
21:19 BIANRENSHENG, M, DEXE, HYPE, TON, and ICP
23:17 ALGO, RENDER, STX, CFX, H, PYTH, VVV, PENDLE, PLUME, and HBAR
26:15 Stock picks: Intel, RGTI, D-Wave, IONQ, Intuit, Seagate, and Amazon

[Kitco Mining @KitcoMining]

Gold Chain Resource Nears as 20,000m Drill Program Advances | Derek Macpherson

@WestPointGoldUS (TSXV: WPG) is advancing its Gold Chain project in Arizona’s Walker Lane Trend toward a maiden resource at the Tyro main zone, targeted for late Q3 to early Q4 2026. President and CEO Derek Macpherson said the company has drilled nearly 25,000 meters to date and is completing a 20,000-meter program focused on resource definition and new discoveries.

The exploration target outlines 1–3 Moz grading 2–3 g/t gold over roughly one kilometer of strike. “We're on track to deliver a maiden resource at the Tyro main zone,” Macpherson said, noting the system is expected to remain open along strike and at depth. Drilling has also delivered two new discoveries this year at Black Dyke and Sheep Trail, with about 8,000 meters of additional assays expected and results released every two to three weeks through mid-July.

The company completed a January 2026 financing ahead of a weaker market and expects to finish the current program with about $25 million. “We're not out chasing it right now,” he said.

> Full video at Kitco Mining:
https://t.co/k09zUqVnbZ

To learn more about West Point Gold, visit: https://t.co/P6kPI41PXp

Recorded on April 27, 2026.

00:32 - West Point Gold Strategy and Value Creation
02:14 - Defining Success and Exploration Milestones
04:26 - Arizona Advantage and Water Rights at Gold Chain
05:39 - Structural Complexity and Drill Targeting Strategy
07:25 - 20,000 Meter Drill Program and Discovery Focus
09:07 - Maiden Resource Target and Walker Lane Comparisons
12:15 - Open Pit Potential and Resource Timeline
14:11 - Post-Resource Drilling and Expansion Strategy
17:58 - Treasury, Warrants, and Financing Strategy
21:08 - 2026 Catalysts, Drill Results, and Outlook

[Kitco Mining @KitcoMining]

Argenta Silver Intersects 1,385 g/t Ag over 4.0m at Mani-Copan Target and Discovers New High-Grade Silver Zone at El Quevar

(Press Release) VANCOUVER, British Columbia, April 28, 2026 /CNW/ – @argentasilverag Corp. (TSXV: AGAG) (OTCQX: AGAGF) (FSE: T1K) (“Argenta” or the “Company”) is pleased to report the fourth set of assay results from its ongoing 2025–2026 diamond drilling campaign at the El Quevar Project in Salta Province, Argentina. The latest results highlight significant high-grade silver mineralization at the Mani-Copan and Argentina exploration targets, located 800 meters and 1,500 meters respectively, from the eastern edge of the current Mineral Resource, which hosts 45.3 million ounces of #silver from 2.93 million tonnes grading 482 g/t Ag, and an inferred resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag (1)...

Full press release here:
https://t.co/EE5mD6Abcb

[Kitco Mining @KitcoMining]

Syntholene Tackling Aviation Fuel Shortage | Dan Sutton

@syntholene Energy (TSXV: ESAF; OTC: SYNTF) CEO Dan Sutton joins Kitco Mining’s Investment Trends as tightening jet fuel supplies expose structural risks across global transportation. Sutton said the aviation sector is “100% exposed” to fossil fuel supply chains, adding that “Aviation fuel is often the canary in the coal mine when it comes to supply chain constraints.” He noted that hard-to-abate sectors have no viable alternative to high-energy-density liquid fuels.

> Full video at Kitco Mining:
https://t.co/SsEcBmeWsv

Speaking on April 27, 2026, Sutton said the company is advancing a geothermal-powered synthetic fuel project in Iceland aimed at lowering costs and scaling production. Integrating heat and electricity could reduce hydrogen costs by about 70%, while producing a drop-in fuel compatible with existing aircraft and infrastructure. The demonstration facility is targeting completion by the end of 2026, supported by an expression of interest from Icelandair for 250 million liters over a decade.

“Everybody is looking for more of this fuel,” Sutton said, pointing to growing demand from airlines and energy companies.

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 Syntholene Energy, visit: https://t.co/uyAWET1iTF

01:02 - Aviation Fuel Crisis and No Alternatives
02:08 - Why Biofuels Failed to Scale
03:32 - Geothermal Synthetic Fuel Explained
04:35 - Iceland Project and Geothermal Integration
06:32 - Drop-In Synthetic Kerosene for Aviation
09:05 - Offtake Agreements and Fuel Demand Growth
10:40 - Investor Case and 2026 Timeline
12:16 - Execution Risks and Project Delivery
13:41 - Geopolitics and Energy Security Risks

[Kitco NEWS @KitcoNewsNOW]

‘Gold remains the strategic allocation, while silver remains the tactical opportunity’ – Saxo Bank’s Hansen

#Oil-led inflation risks, not geopolitics, are driving near-term weakness in precious metals, and while #gold's pullback looks cyclical rather than structural, #silver’s vulnerability to industrial demand and investment flows makes it more fragile, according to @Ole_S_Hansen, Head of Commodity Strategy at @saxobank.

Hansen noted that “rising energy prices, a stronger dollar, firmer inflation expectations and a renewed higher-for-longer view on US interest rates have together created a more challenging short-term environment for non-yielding assets,” which have driven gold prices to a three-week low...

Full article at Kitco:
https://t.co/IM7sHMNPtV

[Kitco NEWS @KitcoNewsNOW]

Turkish central bank boosts gold reserves by 36.4 tonnes in two weeks as it closes swap positions

Türkiye’s central bank is rebuilding its gold reserves as it unwinds some of the dollar-for-gold swap positions it employed during peak market stress, with physical holdings rising to around 730 tonnes as of April 17, according to the latest data.

The bank increased its gold reserves by 30.7 tonnes over the past week, the latest government data showed, bringing total gains to 36.4 tonnes in the past two weeks and reversing the steep drawdown from its earlier liquidity operations...

Full story at Kitco:
https://t.co/WAYaHd7YXO

[Kitco Mining @KitcoMining]

Newmont rides record gold prices to $3.1B in free cash flow in Q1

The world’s largest #gold producer continues to ride the wave of higher precious metals prices after reporting record earnings and free cash flow for the first quarter of 2026.

On Thursday, after the North American equity close, @NewmontCorp (NYSE: NEM) reported first-quarter net income of $3.3 billion, with adjusted earnings of $3.2 billion, or $2.90 per diluted share, nearly doubling from the previous quarter as the average realized gold price climbed to $4,900 per ounce.

The company’s earnings significantly beat analyst expectations, as consensus estimates called for $2.17 EPS...

Full article at Kitco:
https://t.co/sifFYOWECK

[Kitco NEWS @KitcoNewsNOW]

China’s silver imports surge 78% in March as investors and manufacturers scramble to secure metal

A perfect storm of surging demand from retail investors and rapid consumption from manufacturers ramping up solar panel production ahead of expiring tax rebates resulted in the largest single month of #silver imports in #China’s history, according to a report from The Kobeissi Letter.

“Chinese silver imports rose +78% MoM, to a record ~836 tonnes in March,” they wrote in an X post. “This is +173% above the 10-year seasonal average for March. Year-to-date, silver imports are up to ~1,626 tonnes, the highest on record.”

“Surging demand was driven by retail investors purchasing small silver bars as a lower-cost alternative to #gold, and solar manufacturers front-loading production ahead of the removal of export tax rebates on April 1st," @KobeissiLetter noted. “The global solar industry consumes ~20% of total annual silver supply, with the majority of activity concentrated in China.” ...

Full article can be found at Kitco:
https://t.co/NzZJvBfFbu

[Kitco Mining @KitcoMining]

Copper's 5 year chart seems to signalling an All-Clear for the global economy and industry.

[Kitco NEWS @KitcoNewsNOW]

#Gold pushing higher after an overnight dip. Gold is still in a rollover on the 6 month chart, and looks likely to drop lower from here in the near term. Key thing to look for is a bounce in the $4400-$4600 area, which would mark a higher low and a potential launchpad for a strong move higher. Breaking below the near term low around $4100 would be a sign of a sustained lower future price trend.