Kitco Mining, Author at AGD Global

Copper dealmaking leads PDAC week as mining stocks cool after a sharp run

Kitco Mining — Tue, 10 Mar 2026 15:03:11 +0000

(Kitco News) Mining equities weakened during the Prospectors & Developers Association of Canada convention in Toronto, even as bullion proved more resilient, reviving what some investors informally call the “PDAC curse.” The divergence followed a sharp run that left parts of the sector technically extended heading into the annual gathering.

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Alpha, Beta, and the capital allocation test emerging in gold

Kitco Mining — Mon, 09 Mar 2026 15:14:13 +0000

(Kitco News) A crowded convention floor can signal optimism. Whether it signals durable outperformance is another question, according to Nicole Adshead-Bell, Director of Cupel Advisory. Speaking with Kitco Mining’s Digging Deep at PDAC 2026 in Toronto, Adshead-Bell said the distinction between company-specific performance and broad sector momentum can become blurred in strong markets. “We always mistake alpha for beta,” she said, cautioning that rising prices can make it harder to judge execution.

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War Risk Lifts Gold as Record Margins and Mega Deals Reshape Mining Strategy

Kitco Mining — Thu, 05 Mar 2026 17:53:50 +0000

(Kitco News) Escalating geopolitical tension is intersecting with record profitability in the gold sector and a renewed surge in multi-billion-dollar mining transactions, according to Neil Adshead, Consultant Analyst at the Commodity Discovery Fund.

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Copper’s $250 billion funding gap pushes streaming giants deeper into mine finance, says Rick Rule

Kitco Mining — Mon, 23 Feb 2026 17:04:56 +0000

(Kitco News) A widening capital shortfall in copper is reshaping how large-scale projects are financed, with royalty and streaming companies emerging as pivotal sources of funding, according to veteran metals investor Rick Rule.

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Copper’s $250 Billion Funding Gap Pushes Streaming Giants Deeper Into Mine Finance, Says Rick Rule

Kitco Mining — Mon, 23 Feb 2026 17:04:56 +0000

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Copper Downgrades and $5,000 Gold Expose Structural Limits in Mining

Kitco Mining — Thu, 19 Feb 2026 19:39:27 +0000

(Kitco News) Rising metal prices are not resolving the mining sector’s constraints. Instead, they are exposing the capital intensity of new copper supply and reinforcing the limits of price strength in gold development, according to Joe Mazumdar, editor of Exploration Insights.

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Political urgency meets mining reality as Project Vault spotlights supply bottlenecks

Kitco Mining — Tue, 10 Feb 2026 18:49:10 +0000

(Kitco News) Governments are moving to secure critical minerals, but the mining sector remains constrained by development timelines that are difficult to compress. Neil Adshead, a consultant analyst at the Commodity Discovery Fund, said the growing push to “secure supply” continues to collide with structural limits across the industry.

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Mining’s Bull Market Still Has Not Fully Arrived | Nicole Adshead-Bell

Kitco Mining — Tue, 03 Feb 2026 22:59:23 +0000

(Kitco News) Mining companies are entering a new phase of the metals cycle marked by expanding margins, stronger balance sheets, and a growing gap between market prices and the assumptions still guiding corporate decisions, according to Nicole Adshead-Bell, director of Cupel Advisory.

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John Feneck says volatility is now a defining feature of the metals bull market

Kitco Mining — Tue, 03 Feb 2026 20:14:13 +0000

(Kitco News) Extreme volatility in gold and silver does not signal a breakdown in the precious metals bull market, but rather reflects a structural shift in how prices are adjusting after years of suppressed demand and underinvestment, according to John Feneck, Founder and CEO of The Feneck Commodities Report.

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Who’s Really Driving Gold Higher and Why It’s Not the West | Greg Orrell

Kitco Mining — Wed, 28 Jan 2026 22:13:24 +0000

(Kitco News) Greg Orrell, portfolio manager at OCM Gold Fund, says the precious metals market entered 2026 under conditions he described as rarely seen in modern market history, following a year of persistent gains that reshaped investor expectations for gold, silver, and mining equities. Orrell said the move out of 2025 reflects a structural shift in demand and market behavior rather than a late-cycle surge driven by short-term speculation.

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