Kitco NEWS Roundtable

Given higher than expected inflation print this week, the Federal Reserve is less likely to lower interest rates. On Friday mining audiences manager recorded Kitco Roundtable.

With Middle East conflict unwinding, a focus on the Fed could slow gold's momentum. On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.

Gold jumped another 5% this week with June gold futures hitting $2,350 an ounce. On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.

Metals could get a lift with the Fed signaling that it wants to cut interest rates, note mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable.

Gold's run is having limited benefit for gold miners, noted mining audiences manager Michael McCrae. On Saturday, McCrae recorded Kitco Roundtable.

Gold recovered after tumbling mid week due to a hotter than expected CPI number, noted mining audiences manager Michael McCrae. On Saturday McCrae and Kitco correspondent Paul Harris recorded Kitco Roundtable.

New Gold announced a big production update this week, noted mining audiences manager Michael McCrae. On Saturday, McCrae recorded Kitco Roundtable with correspondent Paul Harris.

Metals traded lower end of week when jobs data came in stronger than expected, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.

The copper market is setting up nicely and prices for the metal should head higher, noted Kitco correspondent Paul Harris. On Monday Harris, mining audiences manager Michael McCrae and Soar Financial CEO Kai Hoffmann recorded Kitco Roundtable at the Vancouver Resource Investment Conference.

A Chinese miner made a large investment into a Latin American copper developer, noted Kitco correspondent Paul Harris. On Saturday Harris and mining audiences manager Michael McCrae recorded Kitco Roundtable.

Gold has had a solid year, overcoming the Fed's higher interest rate regime, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable.

On Friday gold prices fell on strong job numbers from the U.S., noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable. Friday was jobs day. The U.S. economy created 199,000 jobs last month, beating expectations. At the same time, the unemployment rate dropped to 3.7%, down from 3.9% in October.

Gold finally hit a record high, and the copper markets had a big supply shock, said mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable. February gold futures last traded at $2,091.90 an ounce, up more than 4% from last Friday's close. Gold's previous record was at $2,089.20 in August 2020, wrote Kitco editor Neils Christensen.

To end the week gold has spent much of the time trading above $2,000 a ounce, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable.

Commodities and markets were up this week off the good consumer price index report, which came in below market expectations, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable.

Commodities traded down this week after the Federal Reserve Chair Jerome Powell made hawkish remarks at a news conference. On Sunday mining audiences manager Michael McCrae recorded Kitco Roundtable.

Gold is deferring a break higher, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable with correspondent Paul Harris. Key economic news this week was the jobs report. Non-farm payrolls number come in at up 150,000 versus market expectations of 170,000. The report fell into the camp of the U.S. monetary policy doves, who want the Federal Reserve to stop raising interest rates.

A Fed rate-hike pause at next week's FOMC meeting is likely, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris. Also noted during Roundtable was Piedmont Lithium and partner Atlantic Lithium obtaining permits for the Ewoyaa project in Ghana.

War worries and a possible end to Fed tightening are some of the reasons gold is rebounding, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and QC Copper & Gold CEO Stephen Stewart.

The set up for copper looks good, said EMX Royalty CEO David Cole. On Friday Cole recorded Kitco Roundtable with mining audiences manager Michael McCrae. EMX is a precious, base and battery metals royalty company. The company asset mix is 56% gold and 22% copper.

Many commodities were routed in October, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.

During the last week of September, gold suffered its second largest monthly decline of 2023 with only February having a greater devaluation of gold futures, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable.

Due to travel schedules, we reprised an interview with Exploration Insights’ Joe Mazumdar. Mazumdar spoke to Kitco in mid-September at the Precious Metals Summit 2023 in Beaver Creek, Colorado. Mazumdar is editor and analyst of Exploration Insights. Brent Cook, who is founder of Exploration Insights, also joined the interview.

There is a big disconnect between gold prices and gold miners, noted panelists on Kitco Roundtable. On Friday mining audiences manager Michael McCrae, Kitco Correspondent Paul Harris and David Erfle with the juniorminerjunky.com recorded Roundtable at the Precious Metal Summit in Beaver Creek, Colorado.

While gold and copper slipped 1% and 3.5% respectively this week, oil is gaining, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable with correspondent Paul Harris.

Base metals are trading higher due to China's efforts to shore up its struggling property sector, noted mining audiences manager Michael McCrae. On Friday, McCrae recorded Kitco Roundtable with correspondent Paul Harris and Srini Godavarthy, the CEO of Li-Metal.

All eyes were on the Jackson Hole meeting in Wyoming, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and Stillwater Critical Minerals' CEO Michael Rowley.

Metals are sliding due to recession worries, higher for longer rates and China concerns, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris.

Gold did not get much of bounce from the favorable job numbers, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.

The gold market is seeking direction, noted Kitco's mining audience manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris. McCrae noted that the big news this week was the Federal Reserve pushing interest rates to a 22-year high on Wednesday. The Fed resumed its hikes from last month's pause.

Gold approached $2,000 earlier this week but then fizzled as the upcoming Fed hike weighed, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable.

A good inflation report pushed the gold market to a three-week high, with prices holding solidly above $1,950 an ounce, and sentiment turning bullish, noted mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable.

Lithium companies enjoy a funding advantage, noted Bradda Head Lithium CEO Charles FitzRoy. On Friday FitzRoy recorded Kitco Roundtable with mining audiences manager Michael McCrae. Bradda Head is advancing projects in Arizona and Nevada.

Robert Friedland warned about a coming copper crunch due to increasing demand and dropping supply, noted Kitco correspondent Paul Harris. On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae.

Gold ended its worst week since February as the Federal Reserve's outlook of two more rate hikes weighed on the precious metal. But some analysts don't see the macro picture supporting that hawkish view. On Saturday mining audiences manager recorded Kitco Roundtable.

Gold could make a decisive move either up or down next week, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable.

Unprecedented forest fires in Quebec forced shut downs at several mining operations in the province, noted Kitco correspondent Paul Harris. On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae and CEO and Co-founder of VRIFY, Steve de Jong.

Gold dropped end of week after less than rosy economic data was released, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris.

Lithium giant SQM plans to keep investing despite Chile's plan to exert greater control over the sector. On Friday mining audiences manager Michael McCrae and Melissa ‘Mel’ Sanderson, President North America at American Rare Earths recorded Kitco Roundtable.

Despite a tough market for precious metal exploration companies, Canadian Gold interim president and CEO Ian Ball said he has a plan to attract investors. On Friday correspondent Paul Harris hosted Kitco Roundtable with Ball and Rob McEwen, chairman and chief owner of McEwen Mining.

During past precious metal run ups, gold investing was competing against rotations into cannabis or crypto, argued Soar Financial CEO Kai Hoffmann, but during this cycle the metal has the stage to itself. On Friday Hoffmann recorded Kitco Roundtable with Kitco correspondent Paul Harris and mining audiences manager Michael McCrae. The podcast was recorded at Hoffmann's Deutsche Goldmesse show in Frankfurt, Germany.

After Chile's President Gabriel Boric announced a nationalization plan for his country's lithium sector, miners are still striving to understand what the ruling means, noted Fastmarkets William Adams. On Friday Adams recorded Kitco Roundtable with mining audiences manager Michael McCrae and correspondent Paul Harris. Adams is head of battery metals research at Fastmarkets.

Despite lithium prices halving in 2023, Battery Materials Review Managing Editor Matt Fernley is optimistic about the metal. On Friday Fernley recorded Kitco Roundtable with mining audiences manager Michael McCrae.

While gold M&A dominated resource headlines at the start of the year, the focus turned to base metals this week. On Friday Kitco correspondent and mining audiences manager Michael McCrae recording Kitco Roundtable.

The surprise bid by Glencore for Teck was covered on Kitco Roundtable, which was recorded on Friday. The week started with Glencore making an unsolicited $23 billion bid for Teck, which Teck rebuffed.

While precious metal prices have been relatively high this year, it could be too early to leap into junior gold stocks, said Rick Rule, president and CEO of Rule Investment Media. On Friday Rule recorded Kitco Roundtable with Kitco correspodent Paul Harris and mining audiences manager Michael McCrae.

The same news that drove gold higher this week also gave copper a lift, noted mining audiences manager Michael McCrae. On Thursday McCrae recorded Kitco Roundtable with correspondent Paul Harris. Gold started off the week strong due to wobbles in the banking sector. Credit Suisse, the European banking giant, was taken over by UBS on the weekend.

It is a tough time to finance gold exploration projects, says Ari Sussman, executive chair of Collective Mining, who just announced a S$30M bought deal, but conditions will improve as 2023 progresses as investors seek safe haven investments in real assets.

While relatively high gold prices favor the producers, weak financing conditions are going to be a drag on companies not yet producing, noted Kitco correspondent Paul Harris. On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae and Meridian Mining Executive Chairman Gilbert Clark.

Although gold prices are down from the start of the year, miners still have healthy margins at the current price levels, noted Kitco correspondent Paul Harris. In February Harris recorded Kitco Roundtable at BMO Global Metals, Mining & Critical Minerals Conference with Mining Audiences manager Michael McCrae and Adriatic Metals CEO Paul Cronin.

The Fed is expected to keep up its fight against inflation rather than ease, and that is bad for gold. On Saturday Mining Audiences Manager Michael McCrae recorded Kitco Roundtable.

Early this week B2Gold said it would acquire Sabina Gold & Silver for C$1.1 billion (US$823.66 million). On Friday mining audiences manager Michael McCrae and Kitco correspondent Paul Harris talked about yet another big M&A in the gold sector.

Newcrest Mining, which has a number of assets in B.C., received a $16.9 billion bid from Newmont early this week. On Friday Kitco correspondent Paul Harris discussed on Kitco Roundtable how Newmont's portfolio would change if the deal goes through.

The gold market saw significant losses on Friday as the precious metal dropped $50 on the day following a shockingly solid employment report out of the U.S., said mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable.

Gold finished last week with its sixth consecutive gain, but the Federal Reserve could slow the metal, noted mining audiences manager Michael McCrae. On Monday McCrae recorded an episode of Kitco Roundtable.

High battery metals prices, perhaps another lithium squeeze and geopolitical maneuvering will make 2023 an exciting year, Matt Fernley of Battery Metals Review says on the Kitco Roundtable.

A less rosy jobs report helped gold end the week higher, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and Aura Minerals CEO Rodrigo Barbosa.

The critical metal sector saw two big deals during the second last week of the year, noted Michael McCrae, mining audiences manager at Kitco On Friday McCrae recorded Kitco Roundtable with John Feneck, Portfolio Manager and Founder of Feneck Consulting.

After Agnico Eagle Mines and Pan American Silver announced that they would acquire Yamana Gold in November, the Quebec miner is not expected to slow its pace. On Friday Maple Gold Mines' Matthew Hornor made the remarks while recording Kitco Roundtable with mining audiences manager Michael McCrae and Kitco correspondent Paul Harris.

Problems with the copper market were exemplified by two big production reports released this week, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable.

German car maker BMW said on Thursday it had invested in Jetti Resources, which has the technology extract copper from low grade material. On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable. McCrae also covered gold's big run in November.

Worries about inflation appear to be supplanted by fears about a recession, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris.

This month's jump in gold prices off the good inflation numbers along with woes in the crypto space provided a lift to junior gold miners, said mining audiences manager Michael McCrae. On Saturday McCrae recorded Kitco Roundtable with Exploration Insights' Joe Mazumdar and Soar Financial's Kai Hoffmann at Deutsche Goldmesse in Frankfurt. Podcast was sponsored by Snowline Gold.

Yamana Gold is set to be acquired by Pan American Silver and Agnico Eagle Mines after Gold Fields dropped out of the bidding. Last week Kitco correspondent Paul Harris, Soar Finanicial CEO Kai Hoffmann and guest Sam Ash, CEO of Bunker Hill Mining, discussed the week's mining and metal news on Kitco Roundtable.

The metals sector ended the week on a positive note with a big bounce for most metals and news that Yamana attracted a new suitor. On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable

Battery-metal producers warned of softer prices in this season's quarterlies, said mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and Revival Gold CEO Hugh Agro.

This past week the United States Department Of Energy announced several grants to battery metal miners, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.

A string of economic data is throttling commodities On Friday mining audiences manager Michael McCrae recorded Kitco Roundtable with correspondent Paul Harris.

A stronger than expected Friday jobs report halted market momentum, and the decision on Thacker Pass, America's next big lithium mine was pushed to the new year. On Friday mining audiences manager Michael McCrae rounded up the metals and mining news for the week.

Steep interest rate hikes are hard on commodities and the markets, but the move is necessary, said Liberty Gold CEO Cal Everett. On Friday Everett recorded Kitco Roundtable with mining audiences manager Michael McCrae and Kitco correspondent Paul Harris.

Too much conservatism and a focus on capital discipline was a drag on the mining sector's big get together in September, said Kitco correspondent Paul Harris. On Tuesday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae and Verify CEO Steve de Jong. Roundtable was filmed at Gold Forum Americas in Colorado Springs. The event began on Monday.

With gold dropping below $1,700, junior mining investors are scarce, noted Kitco correspondent Paul Harris. On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae.

After an August shellacking, markets and commodities were keen to turn to the page, said Kitco's mining audience manager, Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and Arnoud Star Busmann, president and CEO of Minehub Technologies.

Decelerating economic growth was pitched as a solution for meeting the world's demand for metals, reported Kitco correspondent Paul Harris. On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae.

Uranium miners traded higher this week after Japan announced plans to resume the country's nuclear program, noted Ur-Energy's CEO John Cash. On Friday Cash recorded Kitco Roundtable with mining audiences manager Michael McCrae and Kitco correspondent Paul Harris.

Near permanence and verification are the chief advantages to using reactive rocks for carbon sequestration, said CO2Lock's CEO Cooper Quinn. On Friday Quinn recorded Kitco Roundtable with mining audiences manager Michael McCrae and Kitco correspondent Paul Harris.

The Consumer Price Index number released on Wednesday marked a turning point in the markets, argued Kitco's mining audiences manager Michael McCrae. On Friday McCrae recorded Roundtable with Kitco correspondent Paul Harris and Exploration Insights editor Joe Mazumdar.

Lukas Lundin's passing was announced on Wednesday. On Friday Lundin Gold CEO Ron Hochstein shared his rememberances with Kitco correspondent Paul Harris and mining audiences manager Michael McCrae on Kitco Roundtable.

Ford Motors announced seven battery-metal deals this week, noted Kitco correspondent Paul Harris. On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae and Cornish Metals CEO Richard Williams.

Snowline Gold CEO Scott Berdahl singled out Victoria Gold going into operation as the biggest catalyst for the region's mining sector. On Friday Berdahl recorded Kitco Roundtable with Kitco correspondent Paul Harris and mining audiences manager Michael McCrae.

Under-investment, just-in-time manufacturing and environmental pressures are some the factors that resulted in the U.S. falling behind in securing its own domestic supply of critical metals, said Duncan Wood, vice president for strategy & new initiatives at the Wilson Center. On Friday Wood recorded Kitco Roundtable with mining audiences manager Michael McCrae.

Carmaker Stellantis bought an 8% stake in direct lithium extraction company Vulcan Energy Resources for $52 million this week. On Friday Kitco Roundtable's Michael McCrae sat down with the CEO of Golden Shield Resources, Leo Hathaway. Kitco correspondent Paul Harris and editor Neils Christensen recorded a segment from the Yukon, where they are participating in a mine tour.

Diamond Field Resources is pivoting to West African gold explorer, said CEO John McGloin. On Friday McGloin recorded Kitco Roundable with mining audiences manager Michael McCrae.

Brownfield projects have distinct advantages, said Vizsla Silver CEO Michael Konnert. On Friday Konnert recorded Kitco Roundtable. Vizsla Silver (TSX-V: VZLA, NYSE: VZLA) is advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The company said it has completed over 140,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. Vizsla is budgeting another 120,000 meters drilling in 2022 as it advances towards production.

The Russia-Ukraine war revealed the vulnerability of the potash supply chain, said Gensource Potash CEO Mike Ferguson. On Friday Ferguson recorded Kitco Roundtable with mining audiences manager Michael McCrae and Kitco correspondent Paul Harris.

Gold is holding up relatively well compared to everything else, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris after a tumultuous week for markets and metals.

Gold dropped sharply in April due to a rise in U.S. Treasury yields and a resilient U.S. dollar, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris.

While many metal prices have rocketed, mining equities have mostly under-performed, noted Queen's Road Capital CEO Warren Gilman. On Friday Gilman recorded a podcast with Kitco correspondent Paul Harris and mining audiences manager Michael McCrae.

Mergers and acquisitions are creating their own momentum, said Tectonic Metals' CEO Tony Reda. On Friday Kitco recorded Kitco Roundtable.

News this week that Ottawa plans to spend C$3.8 billion ($3.02 billion) to support battery metals had miners cheering. On Friday mining audiences manager Michael McCrae hosted Kitco Roundtable. Sponsor was Golden Minerals.

Energy transition is going to require a lot of copper, but miners are still cautious, said Kitco correspondent Paul Harris. On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae and CEO and co-founder of Enduro Metals, Cole Evans. Enduro Metals (TSXV: ENDR) is an exploration company focused on British Columbia’s Golden Triangle.