Kitco Mining

Gran Pilar Gold Project Moves Toward Pilot Production | Brodie Sutherland @TOCVANVentures (CSE: TOC) is advancing its Gran Pilar gold-silver project in Sonora, Mexico, with a strategy that combines exploration drilling with a permitted pilot mining operation aimed at demonstrating heap leach production potential. Speaking with Kitco Mining at PDAC 2026, CEO Brodie Sutherland said the company spent three years consolidating the land package around a discovery first drilled by the Lundin Group in 1996. “We negotiated a deal to expand that property to 22 square kilometers,” Sutherland said, noting the company can now drill across the entire project area. > Full video at Kitco: youtube.com/watch?v=2Xu3cu… Tocvan has drilled close to 18,000 meters at Gran Pilar over the past five years and plans a minimum 20,000 meters in 2026 while advancing a pilot facility permitted to process an initial 50,000 tons of material. The company completed a 1,500-ton bulk sample in 2023, grading 1.9 g/t gold, and continues metallurgical work ahead of pilot operations planned later this year. “We’re getting over 95% recovery of gold,” Sutherland said, referring to lab-scale tests supporting the heap leach concept. To learn more about Tocvan Ventures, visit: tocvan.com 00:19 - Gran Pilar Project Origins and Lundin Discovery 03:16 - Why Tocvan Is Advancing a Pilot Mine 04:11 - Pilot Mine Permit and 50,000 Ton Processing Plan 06:52 - Maiden Resource Goal at Gran Pilar 07:34 - Growth Strategy for Small Producers in Sonora 09:07 - Lessons from Other Sonora Gold Producers 12:27 - Warrants, Share Structure, and Cash Runway 14:00 - 2026 Catalysts and Path Toward a PEA

Gold, Silver, and Gallium Found in Ontario Tailings | Darren Hazelwood @PantherMetals (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. > Full video at Kitco Mining: youtube.com/watch?v=_KOcxT… 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: panthermetals.com - Winston Tailings Project Backstory and Historic Zinc Mine - Tailings Sampling Results and Winston MRE Plan - CEO Background and Mining Market Cycles - Why Panther Listed on the LSE Main Market - Canada Dual Listing Plans and Obonga Greenstone Belt - Winston Resource Potential and Extract Technology - 2026 Catalysts and Winston Work Program - Path to Production and Existing Infrastructure - Offtake Interest and Funding with Traxys

Gold $10,000 & Silver $200? Philippe Gijsels: “Largest Bull Market in History” Begins The "Paper" markets are in a panic, but the "Physical" world is just waking up. @pgijsels returns to Kitco News with @JeremySzafron to break down a week of absolute chaos: from a blistering 8.4% annualized PPI print that has the Federal Reserve’s hands tied, to the massive escalation in the Middle East. We explore the first direct strikes on Iran’s upstream gas infrastructure at South Pars and why $109 Brent oil is just the beginning of a fragmented, weaponized energy order. Full video at Kitco: youtube.com/watch?v=wMYUp4… Gijsels provides his most aggressive outlook to date, detailing why he believes Gold is headed to $10,000 and Silver is targeting $200 as the global "Monopoly Money" system finally meets its match in physical scarcity. We also dive into his HALO framework (Heavy Assets, Low Obsolescence), the "Turbo" opportunity in mining equities, and why your traditional 60/40 portfolio is effectively being liquidated by inflation. TIMESTAMPS 00:00 — Inflation Meets War Shock: Analyzing the 0.7% PPI surge and the immediate escalation in the Iran war. 01:04 — Commodities Bull Thesis: Why Gijsels calls this the "largest bull market in history". 02:49 — Why Gold Sold Off: Safe haven flows, the dollar's strength, and why gold hasn't fully benefited—yet. 05:08 — Silver Leverage Unwind: Understanding the "disorderly" move and the profit-taking at $60. 07:40 — Targets and Supply Crunch: Long-term "wild targets" of $10,000 Gold and $200 Silver. 10:20 — Energy Crisis Repricing: The South Pars strike, the Jones Act waiver, and the $109 Brent floor. 14:26 — Fragmented Oil Markets: Why the global oil market is splitting into competing political blocks. 18:39 — Central Banks Lose Control: Why the Fed and ECB will eventually "let inflation run" to manage debt. 25:24 — HALO Real Assets Rotation: Moving away from digital abstractions toward "Heavy Assets, Low Obsolescence". 28:04 — Tokenizing Commodities: The shift from paper exposure to direct programmable claims on physical metal. 32:34 — Why Miners Lag Metals: The "Turbo" opportunity in mining stocks and Tier-1 capital discipline. 35:32 — What Could Break the Bull: The deflationary risk and the "depression-style" bust scenario. 37:16 — Wrap Up and Key Takeaways: The structural case for hard assets in a "Material World".

PRESS RELEASE: @NewcoreGold Announces Updated Mineral Resource Estimate for the Enchi Gold Project, Ghana Vancouver, BC – Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce the results of an updated, independent, Mineral Resource Estimate (the "Resource") prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") for the Company’s Enchi Gold Project ("Enchi" or the "Project") in Ghana. The Resource was completed by DRA Global Limited ("DRA") of Toronto, Ontario, Canada. Full News Here: newcoregold.com/news/newcore-g…

Mining’s Political Risk Problem Is Getting Worse | Christopher Ecclestone Christopher Ecclestone, principal and mining strategist at Hallgarten + Company, joins Kitco Mining’s Digging Deep with Paul Harris to break down a week of major mining developments and what they reveal about jurisdiction risk, politics, and project strategy. > Full video at Kitco Mining: youtube.com/watch?v=EehmJT… Ecclestone discusses SSR Mining’s agreement to sell its 80% stake in the Copler mine in #Türkiye for $1.5 billion following the February 13, 2024 heap leach disaster that killed nine workers. He said the company is “getting a good price to get the hell out of Dodge.” He also examines AngloGold Ashanti’s decision to sell the stalled La Colosa gold project in Colombia, arguing that “this gigantism in the mining sector is part of the problem” when large open-pit developments face strong local opposition. Chris Ecclestone also discusses: • Mongolia seeking a larger share of profits from Rio Tinto’s Oyu Tolgoi copper mine • Why governments often renegotiate once projects become too large to walk away from • Argentina’s RIGI investment regime and the push to accelerate mine development • AbraSilver’s Diablillos project and the return of precious metals mining to northern Argentina • Lundin Mining’s latest copper expansion in Chile Don’t forget to subscribe to the Kitco Mining YouTube channel to stay up to date on the latest Digging Deep interviews and industry insights. 01:17 - Turkey Risk and Copler Tailings Fallout 04:25 - AngloGold Sells La Colosa Project 06:20 - Open Pit Mining vs Community Pushback 10:34 - From Emerging Markets Back to North America 13:27 - Panama Lessons and Self-Inflicted Mining Risks 15:22 - When Governments Move the Mining Goalposts 18:27 - Argentina’s RIGI and Political Risk 21:09 - Chile Mining Policy Under President Kast 25:46 - Argentina Silver Comeback vs Mexico 27:39 - Lundin Expands Chile Copper Exposure

U.S. GoldMining Advances Strategic Alaska Asset | Tim Smith U.S. GoldMining Inc. (NASDAQ: USGO) has released a preliminary economic assessment for its Whistler project in Alaska, outlining average production of approximately 250,000 gold equivalent ounces per year over a 15-year mine life, including roughly 345,000 gold equivalent ounces annually in the first three years. Speaking with Kitco Mining at PDAC 2026, CEO Tim Smith said the study returned a 33% after-tax internal rate of return using base case assumptions of $3,200 gold and $4.50 copper. > Full video at Kitco Mining: youtube.com/watch?v=l-r0W4… Whistler contains more than 1 billion pounds of copper and nearly 20 million ounces of silver, with roughly 75% of project value derived from gold. “We are on state of Alaska mining claims, so we're just dealing with a single regulator,” Smith said, citing permitting advantages. Metallurgical testing achieved 89% gold recoveries, and higher-grade mineralization comes to surface, supporting stronger early production. At higher pricing assumptions, Smith said, “We go from 33 to 62%, after tax,” as the company advances toward pre-feasibility and prepares for additional district-scale drilling in 2026. Special thanks to our sponsors, @GoldMiningInc, @USGoldmining, @UraniumEnergy & @UraniumRoyalty for making this coverage possible. 00:54 - Critical Minerals Tailwinds 03:06 - Alaska Permitting Advantage 04:12 - District Scale Exploration Upside 06:36 - 2026 Drilling Game Plan 07:32 - Whistler PEA Key Drivers 09:46 - Metal Price Sensitivity 10:53 - Access Road and Infrastructure 13:40 - Next Six Months Inflection

Trilogy Metals Advances 5.6% CuEq Arctic Copper Project in Alaska | Tony Giardini @trilogy_metals (NYSE American: TMQ; TSX: TMQ) CEO Tony Giardini joins Kitco Mining’s Investment Trends at PDAC 2026 to discuss renewed momentum around the Arctic copper project in Alaska’s Ambler mining district following recent permitting developments and growing U.S. government support for domestic #criticalminerals. The Arctic deposit hosts about 50 million tonnes grading roughly 5.6% copper equivalent, a high-grade volcanic massive sulfide system containing #copper, zinc, #silver, #gold, and lead. “Right now it’s about, on a copper equivalent basis, it’s 5.6% copper equivalent,” Giardini said. > Full video at Kitco Mining: youtube.com/watch?v=WMzK8N… Giardini said recent policy developments could help unlock the long-delayed Ambler Access Road, which is critical to developing the district. Trilogy expects to begin the mine permitting process within the next couple of months while preparing a 2026 field program targeting 5,000 to 8,000 meters of drilling. The company is also advancing a definitive feasibility study at the asset level and expects to close a $35.6 million U.S. government investment for a 10% stake announced in October 2025. “We’ve got these two great deposits, Arctic and Bornite, which really set us apart from other development projects in the state of Alaska,” he said. 00:29 - Arctic #Copper Deposit Overview and 5.6% CuEq Grade 02:48 - South32 Joint Venture and Ambler Metals Partnership 06:33 - Recent Breakthrough on Ambler Access Road 08:30 - 2026 Field Season Plans and Next Project Steps 12:16 - $35.6M U.S. Government Investment in Trilogy 15:14 - Major Shareholders and Ownership Structure 19:09 - Financing Options and Precious Metals Streaming 21:11 - 2026 Catalysts and Project Outlook

O’Brien Gold Project Growing as 140,000m Drilling Advances | Matt Manson @RDSMining (TSXV: RDS; OTCQB: RMRDF) CEO Matt Manson joins Kitco Mining at PDAC 2026 to discuss the company’s expanding O’Brien gold project in Quebec’s Abitibi region following a March 2, 2026 updated mineral resource estimate. The new estimate outlines about 1.69 million oz. inferred, up 82% from the previous estimate, and 0.63 million oz. indicated, bringing total contained gold to about 2.3 million oz. as Radisson advances its fully funded 140,000-meter step-out drill program. Manson said the system continues to grow, noting, “We think the ultimate target here is something that’s in the three to 4 million ounce range.” > Full video at Kitco Mining: youtube.com/watch?v=TfUgYz… The company is still early in the exploration campaign, with only about 25% of the drill program completed as it tests mineralization along the Cadillac-Larder Lake Break in Quebec’s Abitibi belt. Manson also argued that improving #gold prices and strong producer balance sheets could drive more investment into the sector. “The junior sector is still seriously undervalued,” he said. 00:36 - O’Brien Gold Project Overview (Abitibi, Québec) 01:16 - March 2026 Resource Update Highlights 01:57 - 140,000m Drill Program Roadmap 02:15 - PDAC Financing Sentiment for Juniors 03:58 - Why Gold Still Has Strong Fundamentals 05:25 - Why Junior Gold Stocks Are Undervalued 06:55 - M&A Wave Expected in Gold Sector 08:53 - What Makes Radisson’s O’Brien Project Stand Out 09:34 - Toll Milling Strategy and Infrastructure Advantage 11:51 - Permitting Environment in Québec 14:48 - Path to Building the O’Brien Gold Mine 18:21 - Key Challenges Facing the Mining Sector

Dolly Varden Deal Adds Gold Cash Flow to Silver Strategy @SilverVarden Silver (TSXV: DV) is advancing its high-grade Kitsault Valley project in British Columbia’s Golden Triangle while preparing for a transformative merger with Contango Ore. Speaking with Kitco Mining at PDAC 2026, President and CEO @ShawnKhunkhun said the transaction brings gold production and development expertise into Dolly Varden’s growing #silver district. > Full video at Kitco Mining: youtube.com/watch?v=MkYXCQ… Over the past six years, the company has raised $185 million, consolidated multiple past-producing mines across a 100,000-hectare land package, and drilled about 200,000 meters. The project currently hosts 64 Moz of silver at roughly 300 g/t along with about 1 Moz of high-grade gold, with a new resource estimate expected in May 2026. “We’ve got 64 million ounces of silver at roughly 300 grams per ton, complemented by a million ounces of high-grade gold,” Khunkhun said. Recent drilling has also returned 1,400 g/t silver over 20 meters at the Wolf vein, highlighting the district’s high-grade potential. Khunkhun said the merger strengthens the company’s path toward development. “Dolly Varden, through this merger, is buying gold production cash flow,” he said. 00:50 - Dolly Varden Origin Story and Kitsault Valley Project 01:14 - Building Resources, Capital, and District Scale Land Package 02:22 - High Grade Drill Results and 2026 Drill Program 03:52 - Hecla Deal and Golden Triangle Land Consolidation 04:52 - Why Dolly Varden Is Merging With Contango Ore 07:33 - Investor Support and Shareholder Vote Process 08:27 - Transaction Timeline and Contango Silver & Gold Rebrand 09:40 - Direct Shipping Ore (DSO) Model and Production Pipeline 11:49 - Production Timeline Toward 2030s Output 12:20 - Year-Round Exploration Strategy After the Merger 13:24 - 2026 Catalysts: Drilling, Permitting, and Growth Plans

AbraSilver CEO wins Kitco award as 350Moz Diablillos advances toward 2026 FID @AbraSilver Resource Corp. (TSX: ABRA; OTCQX: ABBRF) is moving its Diablillos #silver-#gold project in Argentina toward a final investment decision in 2026, as Chief Executive Officer John Miniotis was named Kitco Mining’s Exploration CEO of the Year during the @the_PDAC convention in Toronto in March 2026... Full article at Kitco: kitco.com/news/article/2…

Gold miners could double even if bullion stalls, says Ninepoint portfolio manager #Gold’s historic rally has captured investors’ attention, and now the real opportunity may lie in gold #mining equities, according to one portfolio manager In an interview with Kitco News, Nawojka Wachowiak, Senior Portfolio Manager at @Ninepoint Partners, said the current precious metals bull market is still in its early stages for equity investors, even though many market participants believe they have already missed the move. “One of the most common reactions we hear from advisors is that they think they missed it,” she said. “They see stocks up 100% or 150% and assume the trade is over. But this is actually how these cycles start. This could be a very big one.” ... Full article at Kitco: kitco.com/news/article/2…

Kootenay expands Columba drilling toward potential 100Moz silver system as La Cigarra PEA advances @KootenaySilver is expanding drilling at its Columba silver project in Chihuahua, Mexico, as the company works to grow the recently defined 54.1 million-ounce inferred #silver resource and advance development work at its La Cigarra deposit. Speaking with Kitco Mining at the Prospectors & Developers Association of Canada convention in Toronto on March 3, President and CEO Jim McDonald said the company’s exploration campaign is focused on systematically stepping out from known mineralized zones to determine the full scale of the Columba vein system. “Our expectation is to be able to get this to a hundred million or maybe some multiple of that,” McDonald said... Full article at Kitco: kitco.com/opinion/invest…

Tiernan Gold Advances 11 Moz Volcan Toward 2027 PFS | Chris Taylor @TiernanGold (TSXV: TNGD) Director Chris Taylor joins Kitco Mining at @the_PDAC 2026 to discuss advancing the Volcan #gold project in Chile’s Maricunga district, which hosts 9.8 Moz measured and indicated and total resources of about 11 Moz. “It’s an 11 million ounce deposit, basically,” Taylor said. “The thing is huge.” The large-scale oxide heap leach project has not seen exploration in more than a decade and sits in a district experiencing renewed development activity. > Full video at Kitco Mining: youtube.com/watch?v=9Cn4lv… Under a $3,600 gold scenario, Taylor estimates the current mine design could generate an after-tax NPV of about $3.6 billion and an IRR of roughly 47%. He noted the most recent PEA used much lower gold price assumptions and “it really basically bears no resemblance to what the project could be under a sort of modern gold price regime.” Tiernan, which is just over 60% owned by Hochschild Mining, raised $58 million Canadian in November to advance the project toward a pre-feasibility study targeted for 2027. Taylor said the project is “it’s probably a top quartile in terms of all in sustaining costs,” while also pointing to exploration upside beyond the existing 11 Moz resource. To learn more about Tiernan Gold, visit: tiernangold.com 00:36 - Chris Taylor Background 01:19 - Volcan Project Overview 02:21 - PEA Economics Snapshot 03:15 - District Momentum 03:43 - Water Rights and Solutions 05:29 - Financing and PFS Plan 06:31 - Key PFS Challenges 08:15 - Exploration Upside Potential 09:37 - Chile Politics Tailwinds

Argentina’s 350Moz Silver Project Eyes 2026 Build | John Miniotis @AbraSilver Resource Corp. (TSX: ABRA; OTCQX: ABBRF) CEO John Miniotis was named Kitco Mining’s Exploration CEO of the Year at @the_PDAC 2026, as the company advances its Diablillos silver-gold project in Argentina toward a final investment decision in 2026. Speaking with Kitco Mining at PDAC 2026, Miniotis said the project hosts approximately 350 million oz of #silver equivalent resources, with measured and indicated resources up 170% since 2020. Shares are up roughly 460% year over year, giving the company a market capitalization of about $2.8 billion. >> Full video at Kitco Mining: youtube.com/watch?v=WUAAc7… “This will be not only one of the largest primary silver producers in the world,” Miniotis said, citing projected production of more than 13 million oz of silver equivalent annually, including over 7 million oz of silver and about 75,000 oz of gold, at all-in sustaining costs under $13 per oz of silver. He said #Argentina’s RIGI framework is “really an absolute game changer,” providing 30-year fiscal stability, a reduced 25% tax rate and removal of export duties. With environmental approvals expected in the coming weeks and a definitive feasibility study targeted for Q2 2026, Miniotis added, “for every 10% move in the gold and silver price, the economics of the project improved by over 30%,” using resource assumptions below $25 per oz silver. 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. Special thanks to our sponsors, @GoldMiningInc, @USGoldmining, @UraniumEnergy & @UraniumRoyalty for making this coverage possible. 00:44 - Diablillos Project Overview and 350Moz Resource 01:54 - Low-Cost Silver Producer and Cost Curve Position 03:52 - Feasibility Study Timeline and Phase 6 Drilling 05:41 - Silver Price Assumptions and 30% Leverage Sensitivity 07:08 - Argentina RIGI Fiscal Stability Framework 09:02 - Project Financing and Reduced Cost of Capital 12:23 - M&A Strategy: Build, Partner or Sell? 15:04 - 2026 Catalysts and Exploration CEO of the Year Award

Are the majors are screwing up here? @RealRickRule speaks with @JeremySzafron at this past @the_PDAC about the mining sector. Full video at Kitco: youtube.com/watch?v=mMD-Rb… @agnicoeagle ... Eric @sprott

Thesis Gold & Silver advancing Lawyers-Ranch project as silver emerges as key economic driver Thesis Gold & Silver (TSXV: TAU) is advancing its Lawyers-Ranch project in British Columbia’s Toodoggone mining district toward a feasibility study targeted for 2027. Speaking with Kitco Mining at PDAC 2026, CEO Ewan Webster said the company recently added “#Silver” to its name after a December 2025 pre-feasibility study highlighted the metal’s growing importance to the project’s economics... Full story at Kitco Mining: kitco.com/news/video/202…

From exploration to reality: Melbye sees "epic" multi-year uranium cycle as US decouples from Russia The global #uranium market has transitioned from a period of speculative exploration into an "urgent reality" of production as a massive supply deficit collides with a new era of #AI-driven energy demand and aggressive U.S. decoupling from Eastern fuel sources. Speaking with @JeremySzafron at the PDAC 2026 convention, Scott Melbye, Executive Vice President of @UraniumEnergy Corp (UEC) and CEO of @UraniumRoyalty Corp, described the current environment as the beginning of an "epic" multi-year growth cycle... Full story at Kitco: kitco.com/news/article/2…

Gold SWOT: Silver is entering its eighth deficit year, with inventories at all-time lows #Silver is entering its eighth deficit year, with inventories at all-time lows and investment demand remaining strong. @RBC expects the physical market to remain tight in the near term, projecting a #gold/silver ratio of 60–65x over the next few years... Full commentary by @bulldogholmes at Kitco: kitco.com/opinion/2026-0…