Video News/Digging Deep

Nicole Adshead-Bell, Director of Cupel Advisory, says gold equities are finally catching up to higher metals prices as sustained strength in gold and copper brings generalist investors back into mining stocks. Speaking with Kitco Mining’s Digging Deep on September 8, Adshead-Bell said the sector is still in the early stages of a long-term bull market, but warned that late-arriving generalist money, inflated junior valuations and M&A feeding frenzies often mark the danger zone. Adshead-Bell also discussed Brazil’s mining-policy contradictions, including Vale Base Metals’ IPO uncertainty, Sigma Lithium’s license suspension and Belo Sun’s permitting challenges, while arguing Brazil can still work when companies understand the rules. She also weighed Chile’s weak copper output, Ivanhoe Mines’ Western Forelands resource growth, why record copper prices may not bring meaningful new supply for five-plus years, rising government take, Collective Mining’s resource-risk moment in Colombia, and Liberty Gold’s Black Pine feasibility study in Idaho.