Kinross begins permitting for $1.5B gold project in Chile

Interesting play by Kinross. $1.5B for a new project in Chile tells me they're betting big on long-term gold prices, especially with the current regulatory environment down there. I remember looking at Chilean mining stocks a few years back for diversifying my physical holdings, but the political instability always gave me pause. Good to see established players still making these moves, could be a good sign for the sector.

Yeah, this is exactly why it's so important to keep an eye on global extraction news. I remember back in 2018 when I first really started digging into my own Gold IRA, I bought a good chunk of PHYS (Sprott Physical Gold Trust) and the market went sideways on some political news out of South Africa that stalled a couple of projects. It reinforced my belief that knowing where the stuff is coming from is just as important as knowing why I own it.

This thread about Kinross is interesting, but honestly, all the permitting news isn't what gets me excited about my gold IRA. I'm more focused on the long-term stability precious metals provide for my retirement savings. The volatility in the broader market lately just reinforces why I did that 401k rollover a few years back. The tax advantages alone made it a no-brainer for a chunk of my portfolio, especially living out here in San Diego where everything's expensive! If you're on the fence, seriously, take the Gold IRA Quiz – it helped me pinpoint exactly what I needed.

Good to see new projects getting off the ground, always a positive indicator for future supply. On the flip side, I'm personally steering clear of direct mining stock plays right now. Too much geopolitical risk, not to mention the operational headaches. For my slice of the physical assets, I stick to the IRA and let the pros handle the mining drama. Diversification means not putting all your golden eggs in one basket, even if it's a gold basket.

This is certainly an interesting long-term play for Kinross, especially with those projected production numbers. What I'm watching closely is the permitting timeline; Chile can be a bit of a bureaucratic maze, and delays there can really eat into the initial capital expenditure calculations. Remember what happened with their Tasiast expansion a few years back – permits eventually came through, but it definitely added some unwanted stress to the balance sheet.

Totally agree with you, u/GoldRushCA. That's exactly the kind of move I'm looking for. When I locked in some gains on my tech stocks back in 2021 and rolled a good chunk into my Gold IRA, my biggest concern was always the supply side keeping up with demand, especially with all the geopolitical jitters. New projects like this in politically stable (ish) countries are exactly the kind of news that helps me sleep at night out here in Honolulu.

This is good news to hear. I was heavily invested in Kinross back in '08 when everyone thought gold was just a flash in the pan. Took a bit of a hit but held on, and it really paid off. Diversifying into South America seems like a smart move for them, especially with the current global climate making domestic projects more complicated.

This is interesting news for the long-term outlook, but for us Gold IRA folks, the immediate impact is negligible. Don't chase headlines. Focus on your dollar-cost averaging strategy and securing your physical metals through a reputable custodian. The big picture is important, but daily mining news won't change your allocation today.

Man, this kind of news always gets me thinking back to why I even started with gold. My dad, bless his heart, worked his whole life for the railroad here in Little Rock. He saw his pension practically evaporate in '08, and that really scarred him. He always told me, "Son, get something real, something they can't print more of." That always stuck with me, especially when the market started getting squirrelly again a few years back. Bought my first Kilo bar then, felt like I was finally putting his wisdom to work. A big discovery like this just reinforces that feeling; they're not making new dirt, right?

That's quite a chunk of change for a project. Makes me remember back in '08 when everyone was talking about the gold rush that was 'definitely' coming, and I almost got swept up in a 'guaranteed' silver mine investment from some spiv in a fancy suit at a seminar in Bakersfield. Dodged a bullet there, thankfully, just stuck to opening my Gold IRA with actual physical holdings. It's news like this Kinross project that makes me feel pretty good about diversifying away from just paper assets, especially with all the economic headwinds lately.

Interesting news about Kinross, though honestly, developments like this make me consider the long-term supply more than immediate price bumps. It reinforces my fundamental belief that physical gold, especially in an IRA, is about wealth preservation over decades, not making a quick buck on a news cycle. We're talking mining cycles that stretch out for years to truly impact supply. For my own Gold IRA, which is sitting around the $150k mark here in Louisville, I'm less concerned with individual project news and more with global economic stability – or lack thereof. That's why I diversified into physical gold in the first place. You know, I actually got a pretty good read on my risk tolerance and what percentage of my portfolio felt right for precious metals after taking the Gold IRA Quiz. It really helped clarify my strategy beyond just chasing headlines.

This is promising news, but I'm always wary of these big, new projects. My first foray into gold was a Canadian junior miner back in '98 that promised the moon on a new Peruvian find. Ended up getting diluted six ways to Sunday and that 'moon' cratered. Always gotta look at the political stability of these regions, too. Chile's better than some, but still, permitting can be a lifetime.

Man, this reminds me of the early 2000s when I first dipped my toes into gold. Saw some news about a big African project and thought, "That's it, this is the time." Dumped about $20k, which was a huge chunk for me back then, into a gold ETF and watched it sit for years. Felt like I was just flushing money down the drain. This Chile news sounds promising, but I've definitely learned to temper my excitement with a healthy dose of patience and strategic allocation since those early days in Richmond.

@Helen Turner Agreed wholeheartedly. My first Gold IRA, back in '17, I was fixated on the daily spot price like some kind of oracle. But after seeing the market shrug off a dozen "big" daily news items, it really drilled home that supply/demand for the physical asset is the *real* long game. Kinross or not, the finite nature of gold is the ultimate bullish factor.

Good to see more projects getting off the ground, but 'permitting' is the keyword here. I remember waiting on permits for a commercial buildout in Denver a few years back, and that process alone took almost a year longer than anticipated. When you factor in international regulations and environmental pushback, $1.5B could easily balloon.

Interesting to see Kinross making moves. For my gold IRA, I'm always looking at the supply side, and new projects like this definitely impact the long-term outlook for precious metals. It's a reminder that even for conservative retirement savings, staying informed about mining activity is crucial.

@Frank Rivera That's exactly what I'm trying to figure out right now. I just opened my Gold IRA last year after selling off some *seriously* overgrown positions in healthcare, and frankly, I'm still feeling my way around. I've got a decent chunk in physical gold through my Gold IRA, but I'm curious if you've looked into any of the mining stocks as a way to diversify *within* the gold space itself? Or is that just adding unnecessary risk to a "safety" play?

@Joyce Cooper I totally get where you're coming from on the "why gold" front. Those situations are exactly why many of us ended up here. My initial dive into physical gold was actually less about protecting against pension erosion, though I understand the fear, and more about hedging against persistent inflation and the sheer volatility of the tech market around 2020. I'm in Chicago, and while my portfolio isn't touching the billion-dollar mark, a significant swing on paper for half a million can certainly feel like a punch to the gut. The stability, even slow growth, of gold in an IRA is something I appreciate now, especially watching some of my friends still trying to hit it big with meme stocks.

This feels like a pretty big bet on Chile's political stability staying put for the next decade. I'm all for diversification and new supply, but after seeing what happened in Nevada with some of those new mining tax proposals last year (which thankfully didn't pass), I'd be looking at the jurisdictional risk *very* closely before getting too excited about Kinross's long-term prospects here. The capital allocation makes sense if they can pull it off, but that's a huge "if" right now.

This is interesting news for the gold supply side, but I'm always cautious with these mega-projects, especially with permitting in jurisdictions like Chile. I remember back in '18, there was a similar buzz around a project in Argentina that hit permitting snags for years; delayed everything, and the cost overruns ate up a lot of the projected returns. Hopefully, Kinross has learned from others' past issues.

I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me — the calculator alone saved me hours of spreadsheet work.

This is great news, always looking for strong, well-managed projects. My first foray into gold was actually with Kinross about 15 years ago, before I even really understood what a *real* Gold IRA was. I just had this gut feeling from watching the news, you know? Figured "gold good." Lost a few bucks on some junior miners early on because I didn't know what I was doing, but Kinross always felt like a solid anchor. To see them expanding, especially in a region I've been watching, gives me a lot of confidence for the next decade. Glad I diversified beyond just physical too, these mining plays are essential.

@Paul Hill – Absolutely, global extraction news is paramount. My initial dive into a Gold IRA in late 2017 taught me a quick lesson on that. I started with a decent chunk of physical allocated bars, but then learned how much the spot price can be influenced by these major finds and political stability in mining regions. It’s not just about the ounces, it’s about the sovereign risk as well. I diversify my physical gold holdings with something like GLD or IAU for that exact reason, to get some exposure without all the geopolitical headaches tied to a single mine.

Interesting. Seems like a huge undertaking for Kinross. I've been watching their stock for a while but haven't pulled the trigger on anything direct. My focus has been on physical, mostly. With my portfolio in the mid-five figures, I'm always looking for ways to protect what I've got, especially with all the market volatility. Honestly, I didn't even realize a Gold IRA was an option for me until recently. Pro tip: use the Eligibility Checker at Gold IRA Blueprint first - saved me a lot of hassle figuring out if my old 401k even qualified. Might be worth a look for anyone else on the fence.

Interesting news from Kinross. While I appreciate the long-term play, I'm always a little wary of these massive new project announcements, especially ones tied to South American geopolitics. We saw how quickly things can shift with Barrick's past issues; a $1.5B investment can turn into a headache if political winds change. I prefer assets that are already producing or have shorter development cycles.

Genuinely curious — has anyone here actually tried to liquidate from their gold IRA? How smooth was that process?

This news about Kinross in Chile is interesting, but I'm still wary of mining stocks in my Roth. My Gold IRA is purely physical, and my taxable accounts hold a small percentage of junior miners as a speculative play, but I've always seen miners as operational businesses with all the geopolitical and labor risks, not a direct gold hedge. We saw what happened in South Africa years ago; a major resource nationalization event could wipe out a significant chunk of that investment overnight. While Chile might seem more stable, things can change quickly in that part of the world.

Genuinely curious — has anyone here actually tried to liquidate from their gold IRA? How smooth was that process?

@Carol Carter Good point on the supply side, Carol. Kinross expanding down south definitely plays into the bigger picture. I was actually burned a few years back trying to diversify with some "hot" mining stocks that went nowhere, so now I lean hard into the physical. Initially, I was pretty skeptical of Gold IRA Blueprint, figured it'd be more of the same fluff. But honestly, the tools here, particularly that Gold vs Stocks 10-year comparison, really helped me visualize what's happened historically with holding physical vs. chasing gains. Made me feel a lot better about my own ~180k Gold IRA, especially living in El Paso where economic shifts feel pretty direct.

@Helen Turner I totally get what you mean about supply, Helen. Developments like this definitely hit home for me, especially starting out with a smaller portfolio – I’m sitting around the $25k mark right now in my Gold IRA. When I first dipped my toes in, back in 2022, I was just trying to escape the inflation monster eating away at my 401k. I’m in Columbus, OH, and everything just felt… out of control. I remember pouring over articles, including a ton from the Learning Center here on GIRAB (which has great guides if you're just starting out, by the way), trying to understand how global supply chains and new projects like this in Chile actually impact my little stack of gold. It wasn't just about the immediate price, but the long-term stability. That first $5,000 I rolled over from an old 401k felt like such a huge leap of faith, putting it into something tangible when everyone else at work was still chasing tech stocks. Honestly, seeing news like Kinross starting a $1.5

@Helen Turner You hit the nail on the head. Supply is everything long-term. My dad was a tool and die maker in Cleveland his whole life, saw so many companies come and go. When I started investing in my late 20s, I remembered him always saying, "Stuff wears out, but the land stays." That always stuck with me, and why I went so heavy into physical gold in my IRA in my mid-30s. I saw firsthand what happens to businesses with shaky supply chains, and I just don't want my retirement to be subject to that kind of volatility. I mean, my portfolio is around the mid-$300k mark right now, and the peace of mind having a good chunk of that in physical gold is worth more than chasing every little market pump. It's about preserving wealth, not just making a quick buck.

Look, I’m glad to hear Kinross is pushing forward, but honestly, every time I see these mega-projects, especially with environmental hurdles in places like Chile, I just think about the inevitable delays and cost overruns. It's almost guaranteed to be closer to $2 billion by the time they pour the first commercial gold, and that just eats into everyone's margins. I've seen it happen too many times.

Chile's a tricky one. I almost pulled the trigger on a junior miner down there back in '17, but the political instability spooked me. Even for a major like Kinross, $1.5B is a big bet on a country that can flip regulatory tables without much warning. I focus on domestic or Canadian mines for anything direct; prefer to let the big boys with the legal teams navigate those waters.

This is interesting for the supply side, but honestly, I'm more focused on the demand here in the States. My last 401k rollover into a gold IRA back when inflation started to really tick up has been a lifesaver for my retirement savings, especially seeing the Memphis real estate market cool a bit. New projects like this in Chile are great, but the tax advantages of holding physical precious metals in an IRA are still my main play.

@Matthew Murphy Totally get it. Had a similar situation a few years back after divesting some tech holdings that had gone parabolic. Finding solid info can be tough. I found the gold exposure calculator on Gold IRA Blueprint surprisingly helpful for figuring out what percentage of my portfolio I really wanted in precious metals without overdoing it. Took a lot of the guesswork out of it once I'd landed on my initial allocation numbers.

@Nancy Hall – I appreciate the sentiment, but "negligible" might be a strong word. While I agree we shouldn't chase every headline, larger mining projects like this *do* contribute to the overall supply picture, which can influence long-term gold prices. For those of us with significant retirement savings tied up in a gold IRA, even subtle shifts in supply/demand can have an impact over a decade or two. I certainly keep an eye on these developments alongside my 401k rollover strategy to maximize my tax advantages. It's all part of understanding the bigger picture for precious metals.

@Ruth Perez - Permitting is always the wildcard, you're right. But honestly, I've been pouring over these Kinross numbers and while the long-term production is appealing, part of me wonders if we're all just chasing the next shiny object. With my modest portfolio, I've found more consistent peace of mind just holding physical metal in my IRA rather than trying to time these massive, multi-year mining plays. Call me old-fashioned, but after living through a few market jitters down here in Nashville, that direct physical collateral just hits different.

Good to hear about new projects, especially with that kind of capital injection. It reminds me of the first time I actually bought physical gold – not paper, but real bars. This was back in '08, right when things were looking dicey with the banks. I was sitting on a decent chunk of cash from a tech sale, nothing crazy, maybe $300k, and my advisor at the time (who I quickly fired) kept pushing me into more equities. I ignored him, walked into a coin shop in West Palm, and bought about 30 gold Eagles at around $850 an ounce. Everyone thought I was nuts, hoarding "barbarous relics." Best decision I ever made, watching that stack grow while the market hemorrhaged. That's what real assets do for you in uncertain times.

Interesting news from Chile. I just opened my Gold IRA a few months ago, still got less than $30k in it. With a massive project like this, what does that typically mean for gold prices on the retail side in the short-term? Does a big new supply coming online tend to depress prices, or is it already factored in? My broker (who I'm not totally sold on yet) didn't give me a clear answer.

That's a huge project, shows the sector is still heating up. For those looking to get into gold or expand their holdings, I found the Best Gold IRA Companies comparison tool on Gold IRA Blueprint unbelievably helpful when I was vetting providers last year. I'm in Raleigh, and navigating all the fees and custodian options was a headache until I used it to narrow things down. Ended up with a solid setup for my 60k portfolio.

This is exactly what I mean about diversification, and why I'm glad I got into *physical* gold. Chile has a long history with mining, and big projects like this coming online just reinforces the underlying value proposition. Good news for what's already in the vault, you know?

This could be big for long-term gold stability. While I've focused my gold IRA strategy on physical holdings, new discoveries like this often ripple through the market, affecting futures and subsequently the premiums on physical precious metals. It's a reminder why diversifying even within retirement savings is key, rather than putting all your eggs in one basket, even if that basket is gold bullion.

@James Wilson, You're not wrong to be wary of Chile, my friend. I've been in this game long enough to remember when Argentina seemed like the next big thing for gold, then suddenly they nationalized everything that wasn't nailed down. Kinross is a solid company, no doubt, but even they're playing with fire betting that much on a region known for its political swings. I've learned the hard way that stability trumps potential almost every time, especially when you're trying to protect retirement assets in a Gold IRA. Better to have fewer ounces from a reliable jurisdiction than a whole bunch stuck behind a border you can't cross.

@Maria Campbell That's some serious grit, Maria. Most people would've bailed on Kinross in '08. It really highlights the long game with gold, doesn't it? For me, the Gold vs Stocks 10-year comparison on GIRAB has been huge for reinforcing that mindset, especially through the recent market jitters. Seeing that historical data makes it easier to resist chasing every shiny tech stock.

@LindaTaylor - Totally hear you on the permitting nightmare, especially down in South America. Seen that movie before. But honestly, for those of us with significant retirement savings tied up in precious metals, any news on increased supply is worth watching. My own gold IRA has done exceptionally well since I did the 401k rollover a few years back, and I'm always looking for factors that could impact the long-term outlook. We might see some bumps, but the underlying demand and tax advantages of these accounts still make it a no-brainer for me here in Virginia Beach.