Gold prices showing no signs of slowing down. Not only are they up more than 50% for the year, also outperforming all the major indices by a double-digit margin in what's been a record year for stocks already. Prices still holding steady above 4K an ounce.Let's get the outlook from a major player in global mining. That's Weeden Precious Metal CEO Randy Smallwood, a longtime friend of the show. Randy, good to have you back.>> Always a pleasure, Carl. Thank you. I want to talk about the business, but I am cur ...

Stock futures moved lower and gold prices hit a record high as a federal government shutdown took effect. Here's what you need to know today. https://t.co/8Btq6SxuIt ...

Group 1 - Gold prices fell 0.4% to $3,803 an ounce in early trading after reaching a record high in the previous session [2] - Investors are taking profits following a period of significant gains in gold prices [1][2] - The market is assessing the influence of President Trump and Federal Reserve Chair Jerome Powell on bullion prices [1] Group 2 - Trump's comments on Ukraine potentially regaining lost territory and encouraging allies to engage with Russian aircraft could increase tensions, which typically supports gold prices [2]

Group 1 - The articles primarily focus on gold prices, indicating fluctuations and trends in the market [1][3]. - There are references to specific numerical values related to gold prices, such as 51.000 and 42.00, which may represent price points or indices [1][3]. - The content lacks coherent analysis or context regarding the factors influencing gold prices, making it difficult to derive actionable insights [1][3]. Group 2 - The articles do not provide any substantial information about companies or industry developments related to gold or other commodities [2][4][5]. - There is a mention of Ernest Hoffman as a reporter with extensive experience in market news, but no direct relevance to gold prices or market analysis is provided [4].

Market Overview - U.S. stock futures showed mixed movements following a mixed session on Wednesday, with major indices experiencing fluctuations [1] - The Dow Jones index decreased by 25 points or 0.05% to 45,271.23, while the S&P 500 rose by 0.51% to 6,448.26, and the Nasdaq Composite increased by 1.02% to 21,497.73 [7][8] Economic Indicators - The yield on the 10-year Treasury bond was at 4.20%, and the two-year bond yield was at 3.60% [3] - U.S. job openings fell by 176,000 to 7.18 million in July 2025, below market expectations of 7.4 million [6] - New orders for U.S.-manufactured goods declined by 1.3% month-over-month to $603.6 billion in July [6] Company Performance - Alphabet Inc. Class C shares surged over 9% following a favorable U.S. court ruling in the DOJ antitrust case [5] - Apple Inc. shares increased by about 4% due to the ruling preserving a significant revenue stream [5] - Campbell's Co. shares rose by 7% after reporting better-than-expected earnings [5] - Macy's Inc. shares jumped more than 20% after raising its FY2025 guidance [5] - American Eagle Outfitters Inc. saw a 24.30% increase in premarket trading after a successful second quarter [18] - Salesforce Inc. shares dropped by 6.61% after issuing third-quarter sales guidance below estimates [18] - Hewlett-Packard Enterprise Co. shares rose by 2.98% after posting strong earnings and raising fiscal 2025 guidance [18] - BrilliA Inc. shares skyrocketed by 155.87% following the announcement of a cash dividend [18] - Biodesix Inc. shares increased by 37.37% after a substantial insider purchase by a major shareholder [18] - Neonode Inc. shares plummeted by 76.53% despite announcing expected revenue from a patent settlement [18] Sector Performance - Most sectors on the S&P 500 closed negatively, with industrials, energy, and materials stocks experiencing the largest losses [4] - Communication services and information technology stocks performed well, leading to a mixed settlement in U.S. stocks [4]

Group 1 - The article discusses the background and experience of Ernest Hoffman, a Crypto and Market Reporter for Kitco News, highlighting his 15 years in media and market news [3] - Hoffman established the broadcast division of CEP News in Montreal in 2007, creating a fast web-based audio news service and producing economic news videos [3] - He holds a Bachelor's degree in Journalism from Concordia University, indicating a strong educational foundation in his field [3]

Core Insights - The article discusses the financial sector's current trends and potential investment opportunities, emphasizing the importance of market analysis and reporting accuracy [3]. Group 1 - The financial sector has seen significant changes over the past decade, with a focus on the evolving landscape of investment banking and market dynamics [3]. - Accurate reporting and analysis are crucial for investors to make informed decisions, highlighting the role of experienced journalists in the financial industry [3].

Group 1 - The article discusses the background and experience of Ernest Hoffman, a Crypto and Market Reporter for Kitco News, highlighting his 15 years in media and market news [3] - Hoffman established the broadcast division of CEP News in Montreal in 2007, creating a fast web-based audio news service and producing economic news videos [3] - He holds a Bachelor's degree in Journalism from Concordia University, indicating a strong educational foundation in his field [3]

Core Viewpoint - Agnico Eagle Mines Limited (AEM) is currently trading at a premium valuation compared to its peers and the industry average, driven by strong performance in gold prices and production [1][6][10]. Financial Performance - AEM's shares have increased by 93.7% over the past year, outperforming the industry average of 61.6% and the S&P 500's increase of 9.2% [3][6]. - The company reported operating cash flow of $1,044 million in the first quarter, a 33% year-over-year increase, and free cash flows of $594 million, up around 50% year over year [14][15]. - The Zacks Consensus Estimate for AEM's 2025 earnings is projected at $6.03, indicating a year-over-year growth of 42.6% [19]. Valuation Metrics - AEM is trading at a forward price/earnings ratio of 20.57X, which is approximately 42.7% higher than the Zacks Mining – Gold industry average of 14.41X [1][6]. - The company has a Value Score of C, while its peers Barrick Mining and Kinross Gold have Value Scores of A [1]. Growth Drivers - AEM is advancing several key projects, including the Odyssey project and the Hope Bay Project, which is expected to significantly contribute to cash flow generation [11][12]. - The merger with Kirkland Lake Gold has positioned AEM as a leading senior gold producer with a strong pipeline of development projects [13]. Cost Considerations - AEM's total cash costs per ounce of gold were $903 in the first quarter, with projections for 2025 ranging from $915 to $965 [18]. - The company anticipates an increase in all-in-sustaining costs (AISC) for the remainder of 2025, which may impact profit margins [18]. Dividend Information - AEM offers a dividend yield of 1.3% with a five-year annualized dividend growth rate of 10.3% and a payout ratio of 32% [17].

Core Viewpoint - Kinross Gold Corporation (KGC) has experienced a significant share price increase of 38.5% over the past three months, outperforming the Zacks Mining – Gold industry and the S&P 500, driven by better-than-expected earnings and higher gold prices [1]. Price Performance - KGC's shares have outperformed its peers, with Barrick Mining Corporation, Newmont Corporation, and Agnico Eagle Mines Limited gaining 7.2%, 27.4%, and 23.7% respectively during the same period [1]. Technical Indicators - KGC has been trading above the 200-day simple moving average (SMA) since March 6, 2024, indicating a bullish trend, with the stock also above its 50-day SMA [4]. Development Projects - KGC has a strong production profile with key development projects like Great Bear in Ontario and Round Mountain Phase X in Nevada, which are expected to enhance production and cash flow [9]. - The commissioning of the Manh Choh project has commenced production, contributing to increased cash flow at the Fort Knox operation [9]. Major Assets - Tasiast and Paracatu are KGC's largest assets, with Tasiast being the lowest-cost asset and achieving record production and cash flow in 2024 [10]. - Paracatu has shown strong performance in the first quarter, with production rising due to improved grades and mill recoveries [10]. Financial Health - KGC ended the first quarter with a liquidity position of approximately $2.3 billion and generated record free cash flows of around $1.3 billion in 2024, more than doubling year-over-year to $370.8 million in the first quarter [11]. - The company repaid $800 million of debt in 2024, reducing net debt to around $540 million, with a long-term debt-to-capitalization ratio of 14.4% [12]. Gold Price Outlook - Higher gold prices, currently above $3,300 per ounce, are expected to enhance KGC's profitability, despite a decline from April 2025 highs [13]. - Gold prices have increased by approximately 28% this year, influenced by global trade tensions and central banks accumulating gold reserves [14]. Dividend Information - KGC offers a dividend yield of 0.8% with a payout ratio of 14%, indicating a sustainable dividend backed by strong cash flows [15]. Analyst Sentiment - Earnings estimates for KGC have been rising, with the Zacks Consensus Estimate for 2025 earnings at $1.09, reflecting a year-over-year growth of 60.3% [16]. Valuation - KGC is trading at a forward price/earnings ratio of 12.93X, which is a 6.5% discount compared to the industry average of 13.83X [17]. Investment Recommendation - KGC presents a compelling investment case due to its strong development pipeline, solid financial health, and favorable gold pricing environment, making it a recommended stock for accumulation [20].