Video News/Vancouver Resource Investment Conference 2026

Don Durrett, author and founder of GoldStockData, says the metals bull market should be viewed as a full-cycle opportunity driven by structural forces rather than short-term momentum. Speaking with Kitco Mining at the 2026 Vancouver Resource Investment Conference, Durrett pointed to growing fragility in the US bond market as the core driver behind gold and silver, arguing that rising uncertainty around so-called risk-free assets is pushing investors toward precious metals. Durrett said mining equities remain early in the cycle based on valuation, with free cash flow multiples still well below historical peaks. He outlined a multi-phase framework that includes normalization, higher valuations, and an eventual mania phase before profits are taken. Durrett also discussed portfolio construction, favoring producers and higher-quality development companies, and explained why he prefers owning acquirers rather than takeover targets as M&A activity builds across the sector.