How will First Majestic Silver's acquisition of Gatos Silver impact the silver market? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Keith Neumeyer, President and CEO of First Majestic Silver, at the 2025 BMO Global Metals, Mining & Critical Minerals Conference. Neumeyer discusses First Majestic Silver's recent acquisition of Gatos Silver and its impact on their production, increasing it to approximately 32 million silver equivalent ounces per year. He also addresses the dynamics of the silver sector, including supply and demand, and expresses his belief in triple-digit silver prices in the future. Neumeyer shares insights on the company's performance, capital allocation strategy, and goals for the next five years, aiming to reach 50 million ounces of production.

Key points:
- Acquisition of Gatos Silver
- Increased silver equivalent production to 32 million ounces
- Views on silver market dynamics and potential price increases
- Share buyback program and capital allocation strategy
- Goal to become a 50 million-ounce producer

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.

What makes a "smart deal" in the mining sector? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Matt Geiger, Managing Partner at MJG Capital, about investing in the junior mining space. On the sidelines of the 2025 Mines and Money Conference in Miami, Geiger shares his insights on the gold and copper cycles, noting we are still early in the metal cycle. He discusses factors driving metal prices, including central bank buying and the potential impacts of US policy under President Trump. Geiger also highlights potential M&A activity in the gold sector and what makes a smart deal.

Key points:
- Still early in the metal cycle
- Central bank buying is a primary catalyst for gold prices
- Trump's policies are a net positive for the mining space
- Potential for increased M&A activity in the gold sector
- Smart deals should have operational synergies

Special thanks to our sponsor, Goldshore Resources, for making this coverage possible. Visit https://goldshoreresources.com/ to learn more.

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.

How did Agnico Eagle achieve record production and industry-leading margins in 2024? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Ammar Al-Joundi, President & CEO of Agnico Eagle Mines, at the 2025 BMO Global Metals, Mining and Critical Minerals Conference. Al-Joundi discusses the company's outstanding performance in 2024, featuring record production and a 50% all-in-sustaining cost margin. He highlights Agnico Eagle's dedication to controlling costs and maximizing shareholder returns through dividends and share buybacks. Al-Joundi also explains the company's strategic acquisitions, such as O3 Mining, aimed at leveraging infrastructure and enhancing value per share, with a goal to attract generalist investors to the gold sector.

Key points:
- Record production in 2024
- Industry-leading margins
- Returning capital to shareholders
- Strategic acquisitions like O3 Mining
- Attracting generalist investors

Special thanks to our sponsor, First Majestic, for making this coverage possible. Visit https://www.firstmajestic.com/ to learn more.

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.

How did Orla Mining achieve a 90% share price increase in one year? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Jason Simpson, President & CEO of Orla Mining at the 2025 BMO Global Metals, Mining & Critical Minerals Conference, to discuss Orla Mining's impressive performance and future strategies. Simpson highlights Orla's record production, debt payoff, and the acquisition of the Musselwhite mine. Discover how Orla Mining plans to leverage its financial strength and strategic acquisitions to grow to 500,000 ounces a year. Simpson also touches on broader trends in the gold sector, including M&A activity and shareholder returns.

Key points:
- Record 2024: High production, debt-free status.
- Musselwhite Mine Acquisition: Increases production by 140%.
- Growth Strategy: Aims for 500,000 ounces/year by 2027.
- Shareholder Value: Focus on buybacks and growth investments.
- Nevada Project: Permitting progress, production target 2027.

Special thanks to our sponsor, First Majestic, for making this coverage possible. Visit https://www.firstmajestic.com/ to learn more.

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.

GDX vs. gold: Why are gold stocks lagging, and how can investors find the real winners? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Garrett Goggin, founder of Golden Portfolio, at the 2025 Mines and Money Conference in Miami. Goggin shares his insights on the gold cycle, explaining why the GDX often underperforms compared to gold itself. He emphasizes the importance of free cash flow per share for driving gold stock prices and identifies an undervaluation in the mining sector. Goggin also touches on the potential impact of the U.S. Treasury marking its gold reserves to market and the possibility of a new gold standard.

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.

Are rising gold prices translating to increased investor interest? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Josh Goldfarb, Managing Director of Metals & Mining Group at BMO Capital Markets, on the sidelines of the 2025 BMO Global Metals, Mining & Critical Minerals Conference. Goldfarb discusses the renewed sense of optimism in the mining sector. He highlights increasing investor interest, driven by rising copper and gold prices and strong financial results from mining companies. He also touches on the growing importance of M&A activity and capital discipline in the sector, as well as new sources of capital emerging from the Middle East and Europe. Goldfarb emphasizes that smart M&A deals will drive the sector forward in 2025.

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.

Is the mining sector really at the bottom of the cycle? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Rob McEwen, Executive Chair & Chief Owner of McEwen Mining, at the 2025 Mines and Money Conference in Miami. McEwen shares his insights on the current commodity cycle, highlighting that commodities are at a 10-12-year low relative to financial assets and are expected to rise. He also discusses the Los Azules project in Argentina and McEwen Mining's innovative approach to sustainable mining.

Key Points:
- Commodities are at the bottom of their cycle and are expected to increase.
- Geopolitical tensions and underinvestment are driving commodity prices.
- Los Azules project: Aims for sustainable mining with a focus on community and environmental benefits.
- RIGI regime in Argentina could significantly increase the net present value of Los Azules.
- Mining companies should focus on attracting investors through enthusiasm, dividends, and showcasing technology.

Special thanks to our sponsor, Goldshore Resources, for making this coverage possible. Visit https://goldshoreresources.com/ to learn more.

00:00 Introduction: Current State of the Commodity Cycle
00:56 Geopolitical Tensions and Market Drivers
01:25 Consolidation in the Gold and Copper Sectors
02:32 McEwen Mining's Los Azules Project
05:41 Sustainable Mining Practices
07:19 Challenges and Skepticism in the Mining Industry
08:32 Financial Strategies and Market Insights
11:27 Attracting Investors and Modernizing Mining
17:46 Technology and Innovation in Mining

Follow Paul Harris on X: @PaulHarrisGold (https://x.com/paulharrisgold)
Follow Kitco Mining on X: @KitcoMining(https://x.com/kitcomining)

#mining #investing #gold #commodities

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.

Is Nevada still a prime location for gold mining? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Kelly Malcolm, the CEO of Borealis Mining at the 2025 Mines Money Conference in Miami about gold mining in the USA. Borealis Mining went public in August 2024 and is already seeing the positive effects of rising gold prices. Kelly discusses the company's strategy of acquiring undervalued assets like Gold Bull resources and consolidating them into a larger, more financeable entity. Borealis is focused on resuming production at its permitted mine and aims to become a mid-tier miner in Nevada.

Key Points:
- Borealis Mining: An emerging gold producer in Nevada
- Aims to consolidate under-appreciated assets
- Resuming production at a fully permitted mine
- Targeting 100-150,000 ounces per annum

Special thanks to our sponsor, Goldshore Resources, for making this coverage possible. Visit https://goldshoreresources.com/ to learn more.

00:00 Introduction: Borealis Mining’s IPO
00:53 Challenges and Successes in Fundraising
02:14 Youthful Optimism in the Mining Industry
03:15 Building a Strong Board
03:49 Investor Reception and Business Strategy
06:53 Impact of U.S. Policies on Mining
09:33 Borealis Mining's Future Plans

Follow Paul Harris on X: @PaulHarrisGold (https://x.com/paulharrisgold)
Follow Kitco Mining on X: @KitcoMining(https://x.com/kitcomining)

#mining #gold #investing

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.