2026 Metals Mania

Investor webinar replay

Meeting Overview The meeting focused on the current state of metals prices and their impact on mining securities, featuring insights from industry leaders in the metals sector. The discussion highlighted recent trends in precious metals, copper, and tungsten, as well as the implications of geopolitical factors on metal demand. Key Discussion Points - Overview of current metals prices: Gold under $4,000, silver in the mid-$50s, copper near all-time highs, and tungsten prices soaring due to export restrictions from China. - Perspectives on whether the current correction in precious metals is normal or indicative of a more significant downturn. - Historical context of metals prices and the performance of mining equities over the past year. - The impact of military demand on metals, particularly silver and tungsten, amid rising global tensions and defense spending. - The challenges of domestic tungsten production in the U.S. and the implications of supply chain disruptions. Decisions Ma...

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[Speaker identities could not be resolved; generic labels used] [00:04] Speaker 1: Good morning, good afternoon or good evening, depending on where in the world you're signing in from today. I think almost all time zones are represented in our fairly large audience, so I appreciate everybody for joining me. I'm pretty excited. I've got a pretty elite panel with me today to discuss the never-ending drama of metals prices, how they impact mining securities. So I've got JT Starzycki, Executive Chairman of Guardian Metal Resources, Vincent Metcalfe, President and CEO of Picoi Copper. I got Sean Koon Koon, President of Contango Silver and Gold and Christian Aramayo, COO of Kuya Silvers. We've got a lot of metals represented today. Should be a very good conversation. So here's how today is going to work. [00:39] Speaker 1: It's [00:40] Speaker 1: kind of a loose structure for a conversation to get to the bottom of metals prices. [00:44] Speaker 1: But I'll also give each company an opportunity to speak to their projects. [00:48] Speaker 1: Now, that being said, I don't think we're going to have time today for questions about individual securities. So I'll just note everybody in the chat, you can feel free to ask questions, and I will pass them through to the teams afterwards. But it's likely we won't actually cover them during today's events, just for your reference. [01:02] Speaker 1: But if there is a commentary in the chat that does speak to the conversation we're having, I'll try and work it in where I can, [01:08] Speaker 1: and so we'll be able to incorporate some of that commentary as much as possible. The other thing I'll say is today's event is being recorded and will be available for replay, likely in the early afternoon Eastern time. It'll be in the same link. I...