Video News/Vancouver Resource Investment Conference 2026

Silver and gold are holding historic levels, and First Majestic Silver CEO Keith Neumeyer says the move reflects a structural shift in how metals are priced. Speaking with Kitco News at VRIC 2026 in Vancouver, Neumeyer said the market has entered “a new pricing paradigm,” after decades dominated by paper trading and range-bound assumptions. He argued the change is being driven by physical tightness rather than speculation. Neumeyer pointed to years of underinvestment and flatlined mine supply, saying “the mining sector, really can’t produce anymore.” He added that institutional investors remain largely on the sidelines, while permitting timelines, capital intensity, and jurisdictional risk limit how quickly new supply can respond, even at higher prices. According to Neumeyer, these constraints help explain why physical markets are tightening and why traditional pricing mechanisms are losing influence.