Gold Is Above $4,000. Why Aren't Mining Stocks Soaring? | Oliver Dachsel

Aris Mining pulls gold out of the ground for about $1,500 an ounce and sold it last quarter for about $4,445. So while the Rule Symposium 2026 debates royalties and streaming deals, Oliver Dachsel gives a one-word answer to whether Aris needs outside capital: no.

The SVP Capital Markets at Aris Mining joins Kitco News from the symposium, on the day the company reported first-half production up 31% and revenue topping $680 million.

Dachsel calls the sector "a little bit like a coiled spring," arguing the drivers of the debasement trade "if anything, have intensified." He walks through the path from 257,000 ounces last year to 500,000 by 2028, self-funded from $425 million in cash and margins "solidly above 50%." Plus: Marmato's first gold pour "on track" for Q4, what Colombia's incoming pro-mining government means for Soto Norte, and why he says Aris "trades at a discount to its peers."

Recorded July 07, 2026.

Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
 Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
 Follow Aris Mining on X: @ArisMining (https://x.com/ArisMining)

00:00 - Gold Miners Whipsaw
00:54 - Aris Mining Q2 Results: $4,445 Gold
02:27 - 50% Margins and Cash Flow
03:20 - Investor Sentiment After the Correction
04:41 - Self-Funded Growth, No Royalties Needed
05:54 - Path to 500,000 Ounces: Segovia and Marmato
08:01 - Marmato Buildout: First Gold Q4
09:40 - Colombia's New Government and Soto Norte
13:06 - Toroparu Guyana: The Next Mine
15:18 - The Macro Case for Gold
18:32 - Valuation, Neil Woodyer, and Catalysts
__________________________________________________________________

Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. 

FOLLOW US:  
X: https://x.com/kitconewsnow  
Instagram: https://www.instagram.com/kitconews  
Facebook: https://www.facebook.com/KitcoNews  
LinkedIn: https://www.linkedin.com/company/kitconews

Listen to the PODCAST on
🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof
🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233
🎧 All podcast episodes available here → https://kitconews.buzzsprout.com

Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  

Live gold price and chart: https://www.kitco.com/charts/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto

Learn more about Kitco News: https://www.kitco.com/news/about/ 

For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  

Disclaimer:  
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Disclaimer:  
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.