Gold prices remain historically strong, copper demand continues to build, and governments are racing to secure critical mineral supply chains—but mining equities still haven't fully reflected the opportunity.

In this episode of Mining Stock Daily, Ian Wagner sits down with Scott North, co-founder of Kamoa Capital, for a wide-ranging conversation on where capital is flowing across the mining sector and what investors should really be paying attention to.

They discuss why analysts remain divided on gold despite record margins, the growing shortage of financeable copper projects, and why AI, electrification, and defense spending are creating long-term demand that the mining industry may struggle to meet. The conversation also explores rare earths, processing bottlenecks, government policy, and what separates projects that actually get built from those that never leave the drawing board.

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