Kitco MINING

Richard Williams, Executive Chairman of Bunker Hill Mining, joins Kitco Mining’s Paul Harris to discuss Bunker Hill’s Silver47 takeover, a US$163 million all-share deal aimed at turning its Idaho mine restart into a broader “made in America” silver and critical minerals platform. Williams says the deal combines Bunker Hill’s mine, which is ramping toward commercial production by year-end, with Silver47’s assets in Alaska, New Mexico and Nevada. The combined company, to be renamed Bunker Hill Silver, will hold four U.S. silver projects with about 390 million ounces of silver equivalent resources. “Opportunity doesn’t wait for anybody,” Williams said. Williams also explains how the Cate-8 discovery and planned second portal could lift grade, increase throughput to 2,500 tons per day and support stronger 2027 guidance. He says future mine cash flow could fund exploration at Red Mountain, Mogollon and Tonopah while limiting repeated equity raises. Williams also discusses U.S. Ex-Im Bank support, Idaho’s Silver Valley, Teck’s Trail smelter, North American trade risk, near-term liquidity, the developer-to-producer transition, and why fixing the silver loan is the “catalyst of all catalysts.” Recorded August 26, 2026. 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. 00:00 - Welcome and Silver47 Deal Overview 01:20 - Why Bunker Hill Bought Silver47 04:01 - Bunker Hill Ramp-Up and Cate-8 Discovery 06:03 - Second Portal and 2,500 TPD Plan 07:09 - Exploration Pipeline and Cash Flow 11:12 - Critical Minerals and U.S. Support 16:22 - Teck Trail Smelter and Trade Risk 23:42 - Balance Sheet and Near-Term Liquidity 29:35 - Silver Loan Refinancing Catalyst 31:25 - Next 12 Months for Bunker Hill __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Michael Rowley, President and CEO of Stillwater Critical Minerals, joins Kitco Mining’s Paul Harris to discuss how US$150 billion in pledged drone and counter-drone spending is sharpening the race for critical minerals, domestic supply chains and U.S.-based mining projects. Rowley says geopolitics are changing the market for metals used in drones, robotics, defense systems and advanced manufacturing. “Price is not the only factor anymore,” he said, pointing to rising U.S. government support through funding, permitting help and Defense Production Act tools. Stillwater West sits in Montana’s producing Stillwater district and hosts 10 U.S.-listed critical commodities, including nickel, copper, cobalt, platinum, palladium, rhodium and chromium. Rowley also outlines Stillwater West’s updated resource, which now totals 805 million tonnes grading 0.34% total nickel equivalent and includes the project’s first indicated resource. He says scale is the key takeaway, but the company is shifting toward infill drilling, higher-confidence resources and a PEA within 12 to 18 months. Rowley also discusses chromium upside, rhodium’s value, Sibanye’s nearby infrastructure, Glencore’s role, hydrometallurgy and upcoming drill results. Recorded September 2, 2026. 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. 00:32 - Drones Driving Critical Minerals Demand 01:46 - Supply Chains and Geopolitics 05:57 - U.S. Government Learning Curve 08:05 - Funding, Permitting and Project Support 09:50 - Stillwater West Resource Update 12:02 - Polymetallic Nickel Equivalent Resource 13:41 - Chromium Upside at Stillwater 15:03 - Rhodium Uses and Value 16:05 - Path to PEA and Processing 18:04 - District Synergies With Sibanye 20:46 - Next 12 Months for Stillwater __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Gold is above $4,000 and silver in the $60s, yet Empress Royalty Executive Chairman David Rhodes says the recent pullback is exactly when disciplined royalty buyers should be shopping. Rhodes joins Kitco Mining's Kitco Spotlight with Jeremy Szafron at the Rule Symposium 2026 in Boca Raton to explain the small-stream niche Empress built its business on: $20 to $30 million financings on near-term producing assets that the major royalty players are too big to chase. He discusses why Empress deliberately stayed on the sidelines for roughly 18 months as prices ran up, how the correction has reset seller valuations back to more realistic levels, and why he underwrites deals on long-term metal prices rather than spot. Rhodes also covers Empress's path from startup to a cash-flow-positive balance sheet, its preference for holding physical gold and silver, its appetite for higher-risk jurisdictions, and a new AI platform that surfaces overlooked royalties competitors never see. 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 Empress Royalty, visit: https://www.empressroyalty.com/ 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. 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.

Silver has been cut in half from its highs, but Blackrock Silver CEO Andrew Pollard says the long-term thesis has not changed. Pollard joins Kitco Mining’s Kitco Spotlight with Paul Harris to discuss silver’s correction, structural deficits, and why high-grade projects can stand out in volatile markets. “High-grade stories are all-weather,” Pollard said. The focus is Blackrock Silver’s 100%-owned Tonopah West silver-gold project in Nevada’s Walker Lane. The company’s March 2026 PEA outlined average annual production of 7.1 million ounces silver equivalent over more than 11 years, with all-in sustaining costs of $7.44 per ounce and initial capital of $190 million. Pollard discusses Blackrock’s path toward development, including a planned exploration decline in Q3 2027, a minimum 50,000 tons of high-grade ore in 2028, private-land permitting advantages, potential non-dilutive U.S. government funding, the build-or-takeout question, and 800-meter step-outs that could test the next phase of resource growth. Don’t forget to subscribe to Kitco Mining and Kitco News for the latest mining news, market analysis and CEO interviews. Learn more about Blackrock Silver: https://blackrocksilver.com/ This video was produced with support from a Kitco sponsor. The views expressed in this content do not necessarily reflect the views of Kitco Metals Inc. 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. 00:20 - Silver Price Volatility and the 2026 Correction 02:41 - Is the Silver Bottom In? 04:39 - Tonopah West PEA: 7.1M Oz Silver Equivalent Per Year 05:29 - Blackrock Silver’s Path to Production 08:26 - Why Tonopah West Was Missed for Decades 12:05 - Private Land Permitting Advantage in Nevada 15:24 - Exploration Decline Cost and Funding Options 21:08 - Project Risks, Execution and Mine-Building Team 23:36 - Will Blackrock Silver Build or Sell Tonopah West? 27:01 - District Consolidation and Tonopah Upside __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Silvercorp Metals (TSX: SVM; NYSE American: SVM) President Lon Shaver joins Kitco Mining’s Kitco Spotlight with Paul Harris to discuss silver’s volatile run, the company’s low-cost China operations, and its plan to grow across Ecuador and Kyrgyzstan. Shaver said silver’s pullback should be viewed against the scale of the move that came before it, with the metal still trading near $60 per ounce after roughly doubling from early 2025 levels. “This is a great time to be a silver producer at $60 silver,” he said. Silvercorp produced 6.8 million ounces of silver and 7.5 million ounces of silver equivalent in fiscal 2026, which ended March 31, at an all-in sustaining cost of $14.25 per ounce. Shaver outlines how the company is funding growth beyond China, including El Domo and Condor in Ecuador, as well as the Tulukbash and Kyzyl Tash gold projects in Kyrgyzstan. Shaver also discusses Silvercorp’s planned Hong Kong listing, emerging market valuation discounts, project financing, M&A strategy, New Pacific Metals, and key catalysts for 2026 and 2027. 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 Silvercorp Metals, visit: https://silvercorpmetals.com/ 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. 02:04 - Silver Deficits, Volatility, and Market Liquidity 03:53 - Silvercorp’s Global Growth Strategy 06:42 - Fiscal 2026 Production, AISC, and Asset Complexity 08:49 - El Domo, Condor, and Kyrgyzstan Project Pipeline 11:37 - Silvercorp’s Growth Targets Through 2031 12:28 - Valuation Discounts and Emerging Market Risk 14:11 - Why Silvercorp Is Pursuing a Hong Kong Listing 17:40 - Management Team, Hong Kong Fundraise, and Investor Access 20:39 - China Loan Facility and RMB Currency Strategy 22:43 - Five-Year Vision, M&A, and New Pacific Metals 25:59 - 2026-2027 Catalysts: Kyrgyzstan, Condor, and El Domo __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Mackay Gold & Silver (TSXV: MACK; OTCQB: MKGSF) CEO and Director Darwin Green joins Kitco Mining’s Kitco Spotlight with Paul Harris to discuss Mackay’s recent IPO, its $60 million financing, and its first major drill program in Nevada’s historic Comstock District. Mackay is targeting the Occidental-Brunswick Lode, a 3-mile structure running parallel to the historic Comstock Lode. Green said fragmented ownership left the district underexplored for more than a century, creating an opportunity to apply modern drilling to one of America’s most famous gold-silver camps. Green outlines Mackay’s 20,000-meter Phase 1 drill program, which began in June, including 15,000 meters of RC drilling focused on near-surface oxide gold-silver mineralization and 5,000 meters of core drilling testing deeper potential near the historic Sutro Tunnel. He also discusses the company’s land consolidation strategy, remaining treasury of more than $40 million USD, and first assay results expected in late summer. 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 Mackay Gold & Silver, visit: https://mackaycorp.com/ 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. 01:09 - Gold Volatility and Mackay’s IPO Timing 02:09 - Comstock Geology and Walker Lane Gold-Silver Systems 04:51 - Consolidating the Historic Comstock District 08:16 - Deal Terms, $60M Financing, and Treasury 10:33 - Comstock Exploration Targets: Occidental and Near-Surface Oxides 14:21 - Occidental Depth Potential and the Sutro Tunnel 19:28 - Big Picture Upside in the Comstock District 22:29 - Nevada Team, Board, and Technical Advisors 28:01 - Next 12 Months: Drill Results and Land Catalysts __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Nicole Adshead-Bell, Director of Cupel Advisory, joins Kitco Mining’s Digging Deep with Paul Harris to discuss gold M&A, Barrick Mining restructuring speculation, activist pressure at Northern Star Resources, rising copper prices, and capital deployment across the mining sector. Adshead-Bell says potential restructuring at Barrick, Elliott Investment Management’s pressure at Northern Star, and Zijin Gold’s delayed Allied Gold acquisition point to a market demanding simpler stories, stronger execution, and better accountability. She said mining boards need the technical expertise to challenge management, while producers must rebuild trust with investors. “Do what you say you're going to do,” she said. The discussion also covers gold producer expansion plans, the risk of cost inflation as miners deploy cash, copper M&A in Quebec and Chile, and why Adshead-Bell believes copper may need to move toward $7 to $8/lb before major new supply commitments are made. She also explains why higher metals prices are changing the true cost of streams, prepays and hedges. Recorded June 4, 2026. 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. 00:30 - Barrick Africa Merger Talk 01:52 - Divesting Risky Jurisdictions 04:07 - Boardroom Accountability 05:47 - China Scrutinizes Zijin Deal 10:13 - Elliott Targets Northern Star 12:26 - Boards, ESG and Execution 17:41 - Who Buys Northern Star? 22:38 - Gold Mine Expansions Surge 25:59 - Copper M&A and Price Outlook 30:20 - Paying Off Streams and Hedges 33:22 - Mine Restarts and IPOs __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Kootenay Silver (TSXV: KTN; OTCQX: KOOYF) President and CEO Jim McDonald joins Kitco Mining’s Kitco Spotlight with Jeremy Szafron to discuss the company’s June 15, 2026 preliminary economic assessment for its 100%-owned La Cigarra silver project in Chihuahua, Mexico. The study outlines a 14-year open-pit project with a $763 million after-tax NPV, 41% after-tax IRR, $332 million in initial capital, and a 1.9-year payback. McDonald said the PEA marks a major shift for Kootenay, stating that it is “transitioning us from explorer into a developer.” McDonald also discusses the potential upside at spot silver prices, where La Cigarra’s after-tax NPV rises to $1.295 billion and its IRR increases to 64%. He also outlines the next phase of drilling at La Cigarra and Columba, the project’s position in Mexico’s Parral mining district, potential strategic options, and why he believes silver has entered a multi-year bull market. 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 Kootenay Silver, visit: https://kootenaysilver.com/ 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. 00:28 - La Cigarra PEA Highlights 01:47 - Kootenay Silver’s Shift to Developer 03:13 - Parral District Infrastructure and Development Options 04:34 - Silver Price Leverage and Spot-Price Upside 06:04 - Funding Path and Next Development Steps 09:06 - La Cigarra Gap Zone Drill Upside 10:10 - Columba 60,000-Meter Drill Strategy 12:14 - Kootenay’s Mexico Silver Project Pipeline 14:00 - Mexico Risk, Permitting, and Chihuahua Mining 15:38 - Silver M&A and Producer Interest 17:43 - Jim McDonald’s Silver Bull Market Outlook 19:42 - Silver Cycle Perspective and Capital Flows __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Integra Resources is moving deeper into producer territory as it stabilizes the Florida Canyon gold mine in Nevada and advances the DeLamar gold-silver project through federal permitting in Idaho. George Salamis, President and CEO of Integra Resources, joins Kitco Mining’s Paul Harris to discuss the company’s plan to grow organically into a mid-tier gold producer with more than 300,000 ounces of annual production. Salamis said DeLamar’s Notice of Intent marks the point where the project is no longer preparing for permitting, but is “actually in it,” with the FAST-41 process targeting a Record of Decision in Q3 2027. He also said Integra’s priority is to show Florida Canyon is “not simply a transitional asset,” with an upcoming feasibility study expected in late June or early July. The discussion covers Florida Canyon’s cash flow, DeLamar’s public scoping process, Idaho’s mine development momentum, project financing plans, stakeholder engagement with the Shoshone Paiute Tribe, Nevada North’s move from PEA to PFS, 50,000 meters of planned drilling, and why Salamis believes major gold producers may be nearing the next phase of M&A. Recorded June 1, 2026. 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. 00:30 - Producer Life at Florida Canyon 01:45 - Five-Year Mid-Tier Vision 03:00 - Wildcat Expansion Plans 04:38 - Gold Price Changes Everything 05:58 - DeLamar Enters Federal Permitting 08:13 - FAST 41 Timeline Explained 09:29 - Idaho Momentum and State Permits 12:16 - Financing DeLamar with Cash Flow 14:15 - Tribal Partnership and Equity 17:14 - Answering Consent Criticism 19:15 - M&A Setup in Gold Sector 22:54 - Integra Catalysts Through 2027 __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Rick Rule, President and CEO of Rule Investment Media, joins Kitco Mining’s Digging Deep with Paul Harris to discuss gold’s pullback below $4,500, U.S. interest rates, critical minerals funding, and the next wave of mining deals. Rule says the gold weakness is “heaven-sent” for long-term buyers and says political pressure on the Fed could eventually drive rates lower, creating a more supportive setup for gold. In this interview, Rule also discusses: • Why major miners may need acquisitions to replace production • Development-stage assets as a potential M&A “sweet spot” • U.S. Ex-Im financing for Perpetua Resources • Mexican government backing for Vizsla Silver amid Sinaloa security concerns • OceanaGold, B2Gold, Agnico Eagle, and Sunshine Silver’s IPO The 2026 Rule Symposium runs July 6–10. Virtual Access includes live streaming and full on-demand access through the end of 2026. Register by May 29 to lock in early-bird savings: https://cvent.me/XOqdLa?via=Kitco-News 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 27, 2026 00:29 - Gold Dips Below $4,500 02:04 - Fed Chair and Rate Outlook 04:28 - Iran Conflict and Commodity Risk 07:59 - U.S. Critical Minerals Loans 11:56 - Vizsla Silver, Mexico, and Sinaloa Security 17:38 - Challenger Gold’s Argentina PFS 20:43 - Mining M&A Wave Builds 26:02 - Dream Deals and Takeover Targets 34:14 - Sunshine Silver IPO Buzz 37:44 - Rule Symposium and Closing Remarks __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

This Kitco Mining feature is sponsored by OceanaGold. 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. 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 is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Fortuna Mining (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. 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://fortunamining.com/ 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 Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

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. 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 Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Riley Gold (TSXV: RLYG) is advancing exploration at its Pipeline West/Clipper (PWC) project along Nevada’s Cortez trend, where partner Kinross can earn up to 75% by spending $20 million USD. CEO Todd Hilditch said the project is located in “elephant country,” within a district that hosts “50 million ounces of past production, current reserve,” alongside major deposits such as Cortez and Pipeline. Early drilling has intersected mineralization ranging from “half a gram up to two and a half grams per ton” in the upper plate, with exploration focused on targeting higher-grade zones in the lower plate. Hilditch said the program is designed to confirm that “we're vectoring in on the source,” as drilling continues to step out across a largely underexplored extension of the trend. Kinross is expected to finalize its 2026 drill plan in May, with drilling anticipated in late spring or early summer and results expected in the fall. A Plan of Operations submitted to the Bureau of Land Management could allow for up to 400 drill holes over time. 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 Riley Gold, visit: https://rileygoldcorp.com/ 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. 00:21 - Riley Gold Overview and Nevada Focus 01:02 - Carlin-Type Gold System Explained 01:57 - Why PWC Could Host a Major Deposit 04:32 - How Riley Gold Acquired the PWC Project 05:26 - Company Strategy and Potential Endgame 06:43 - Kinross Partnership and JV Origins 08:09 - Kinross Earn-In Terms and Structure 10:06 - What Exploration Success Looks Like 11:35 - Exploration Strategy and 2026 Timeline 14:17 - Key Risks and Geological Challenges 15:48 - Riley Gold’s Role Beyond Kinross JV 18:51 - Cash Position and Funding Runway __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

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. 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://www.syntholene.com/ 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 Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

West Point Gold (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. 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 West Point Gold, visit: https://westpointgold.com/ 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 is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

A major permitting milestone, a strategic partner in Volkswagen, and a possible valuation re-rating. PMET Resources CEO Ken Brinsden joins Kitco Mining to break down the company’s newly filed ESIA for the Shaakichiuwaanaan project in Quebec, the path toward mine authorization, and why investors are paying closer attention to the story. Jeremy Szafron and Brinsden discuss the 2025 feasibility study, lithium price sensitivity, the potential impact of tantalum and caesium by-products, cost pressures, financing, and the key milestones that could shape how the market values PMET from here. This video is sponsored by PMET Resources. 00:00 The PMET Re-Rating Case 00:20 ESIA Filing Explained 02:24 What Happens Next in Permitting 03:54 How Higher Lithium Prices Change the Math 05:45 Why Volkswagen’s Stake Matters 07:20 Tantalum and Cesium Upside 09:23 The Advantage of Simple Processing 11:17 Managing Costs and Inflation 13:03 Why Bigger Can Be Better 15:43 What Investors Should Watch Next 17:28 Wrap-Up and Subscribe #lithium #mining #miningstocks #investing #stocks #criticalminerals #quebec #kitcomining __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Arizona Eagle Mining is advancing a high-grade gold exploration strategy in Arizona, anchored by the historic McCabe mine, as it prepares to list on the TSX Venture Exchange under the ticker AZEM. The company recently completed a reverse takeover with Core Nickel, gaining a public listing and additional critical mineral assets, but its primary focus remains firmly on gold in Arizona. The McCabe project offers a strong starting point, with a historical resource of roughly 880,000 ounces of gold at high grades, alongside significant silver credits. While not NI 43-101 compliant, the deposit benefits from extensive past production, underground development, and historical data compiled from previous operators, giving the company confidence as it moves to validate and expand the resource. Arizona Eagle has launched a 5,000-meter drill program aimed initially at confirming the historical resource, with plans to step out and test extensions along strike and at depth. The company controls a significantly expanded land package of nearly 5,000 acres, including multiple parallel and perpendicular structures that could support a much larger mineralized system. Management sees potential for a multi-million-ounce gold deposit, driven by high grades, district-scale geology, and the opportunity to capture additional ounces using lower cutoff grades in today’s higher gold price environment. Success will hinge on demonstrating that mineralization remains open in all directions and can be meaningfully expanded through drilling. To learn more about Arizona Eagle Mining, visit: www.arizonaeaglemining.com/ 00:00 - Introduction 02:30 - Dual-asset strategy: Arizona gold focus and Manitoba nickel optionality 05:45 - Acquisition of the McCabe mine and land consolidation strategy 07:30 - Expansion to a 5,000-acre district-scale land package 08:30 - Advantages of private land and permitting in Arizona 09:15 - Existing infrastructure and underground development at McCabe 10:30 - Historical production, feasibility work, and remaining resource potential 15:00 - District-scale potential across multiple structures 16:00 - Current 5,000-meter drill program and initial objectives 18:00 - Strategy: confirm historical resource vs. step-out expansion drilling 20:00 - Potential to increase ounces by lowering cutoff grade 22:00 - Exploration upside: multi-million-ounce potential framework 26:30 - Future financing strategy and potential for additional drill rigs 28:00 - Manitoba nickel assets and longer-term development outlook __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Cabral Gold (TSXV: CBR) CEO Alan Carter says the company has achieved a major milestone with the granting of the Licença Prévia (“LP”) for the Full Mining License at Cuiú Cuiú Gold District, in the state of Pará, Brazil. “The trial mining licenses actually have a limit, so we can only mine about half a million tons a year, or about 1,500 tons a day,” he explained. “With the full mining license, there is no limit, so we can expand this to the full design capacity of 3,000 tons a day and way beyond that.” “I think there's a good chance we will expand this once we get it up and running in about six months’ time.” Carter said the company has approximately CAD$40 million in cash, and while they’re spending on the mine construction, they’re continuing to move forward with further exploration as well. “We're building a mine, but we still have our foot on the accelerator in terms of the exploration program,” he said. “We've basically split our workforce in two, so we've got a dedicated construction team and a dedicated exploration team, and the exploration team is going full-tilt all the way through the construction, and are producing some excellent results.” 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 Cabral Gold, visit: https://cabralgold.com/ 00:00 - Introduction 00:19 - Impact of the Full Mining License 04:23 - Advancement of Phase One 06:14 - Risk Management of Civil Works 07:32 - Critical Path to Commercial Production 08:57 - Advancement of Phase Two 12:01 - Financial Impacts of Iran Conflict on Development 14:03 - Logistical Impacts of Iran Conflict on Development 15:31 - Latest Drill Results 19:17 - Prioritizing and Targeting Exploration 21:40 - Current Financial Position of the Company __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - / kitcomining LinkedIn - / kitco-mining Facebook - / kitcomining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.

Panther Metals (LSE: PALM) is advancing the Winston tailings project in Ontario, where historic zinc-focused processing left behind potential value in precious and critical metals. The Winston mine operated from 1988 to 1999 and was once considered one of the highest-grade zinc operations in North America, but gold and silver were largely overlooked when prices were far lower. Speaking with Kitco Mining at PDAC 2026, CEO Darren Hazelwood said early sampling from the polymetallic tailings has already confirmed encouraging grades. “We ended up with grades of up to 0.82 grams a ton gold, over 13 grams a ton silver,” Hazelwood said. The samples came from the upper layer of a tailings pond that extends more than 18 meters deep in places and also contains gallium and indium. Panther is now carrying out additional work aimed at delivering a maiden mineral resource estimate in the coming months. “The catalyst for us is definitely going to be the MRE on Winston,” Hazelwood said. 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 Panther Metals, visit: https://panthermetals.com/ 00:38 - Winston Tailings Project Backstory and Historic Zinc Mine 02:33 - Tailings Sampling Results and Winston MRE Plan 04:06 - CEO Background and Mining Market Cycles 06:27 - Why Panther Listed on the LSE Main Market 07:39 - Canada Dual Listing Plans and Obonga Greenstone Belt 09:54 - Winston Resource Potential and Extract Technology 11:45 - 2026 Catalysts and Winston Work Program 12:53 - Path to Production and Existing Infrastructure 14:05 - Offtake Interest and Funding with Traxys __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - https://www.instagram.com/kitcomining LinkedIn - https://www.linkedin.com/company/kitco-mining Facebook - https://www.facebook.com/KitcoMining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. 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.