[music] This is the Investing News Network. I'm Georgia Williams and we're here at the Vancouver Resource Investment Conference. And joining me today is Ron Kums, CEO, president, and director of Providence Gold Mines, which trades on the TSXV at ticker PHD and on the OTC at PRRVF. Thank you for joining me today, Ron. >> Well, thank you for having me. >> How's the conference been so far? I got to tell you, walking around the conference today and seeing the mood of the investment community


is exciting because you know the past five years actually before co we've been in a a very significant bare market. The bear is dead, the bull's alive now. I love it. >> It's very exciting times. >> Yes. >> Could you give us a little bit of background on Providence Gold Mines, please? Um well, Providence Gold Mines, I took it over in 2019. Um you know, we've basically been focused on the gold and silver market um for that duration of time. Of course um during co to to to date um of course


things were pretty slow because you know nobody was making any investments as you know cryptocurrency was was going to take over gold and silver which um we can now see isn't the truth couldn't be further from the truth actually. So, um, we picked up a gold project and, uh, it's in about an hour and a half, uh, from Los Angeles, the Laama Dioro, which means woman of the gold, which I just love the name. >> Nice. Yeah. And, uh, you recently did a financing. Can you tell me how you're


going to be allocating this money? >> Well, we've done two finances. we put out an announcement that we closed on on an $80,000 financing which was required for us to complete our reviewable transaction. So the exchange just this last week uh approved the financing and gave us the um uh go-ahad with regards to the reviewable transaction. So u we are in the midst of just completing another financing right now and um it's amazing it's going very well. That's all I can say until I put out a press


release. It's gone very well. >> Fabulous. And you know, jurisdiction is a real hot topic of late and you mentioned that you're an hour and a half from Los Angeles. So, California, which is a lovely state. Can you tell us what it's like to operate and and work in the pro in the state? >> Yeah, I mean, there's a there are misconceptions about California. Very [snorts] nearby where where our mining property is, we have se got a huge rock quarry. We're in a good area of of of


California that's um uh very receptive to mining. Having all of our permits in place with plan of operation for the pul sample uh speaks volumes. It's not as bad as people think it is. >> And you know, you talked about it a little bit at the beginning, but we're in, you know, record gold price territory, record silver price territory. What does a $100 silver, $5,000 gold do for the optics of your project? >> Well, we're we're not compliant. Okay. We don't have a compliant resource. What


does it do for the optics as far as the mineralization that's present? The optics couldn't be any better. >> Right. Absolutely. And so, you know, as we head into 2026, what can investors be on the lookout for? >> Potential cash flow. >> All right. puts us in a very unique position. If you look around today down on the floor there, if you look around, how many mining companies are in a position where they've got all their permits and ready to actually mine? It puts us in a very advantageous position


in the um in the mining sector. >> Absolutely. And you know, the permitting process is often, you know, talked about with a little bit of um negativity, I would say, is a nice word. It can be quite long. So, how have you found the permitting process? >> Well, you know, I've been in the business a real long time and I gave my voiced my opinion in Canada, for instance, when they were doing the Ring of Fire back in 2012. It was actually on Valentine's Day. I was in the um so my viewpoint here in


Canada isn't very good because it's not a homogeneous system. You know, you're dealing with this with the provincial government, you're dealing with the federal government, and then you're dealing with the First Nations. um it's almost impossible um to get all those three parties together to be able to you know earmark your project to go forward in my opinion >> and in the US you know this last year we've heard a lot about the expediting of permitting have you seen that


yourself >> yeah actually United States of America is from what I can see so far the best place in the world to go mining I think that um their system works. Um you have to follow the rules and regulations, but at least you know that the policies are sound and at the end of the day, you'll get your permits as long as everything follows the legislations. >> Yeah. Well, it's a very exciting year for Providence and I look forward to speaking with you again, Ron. I like really look forward to speaking with you


as well, you know, because I think this year is going to be a catalyst for our corporation moving forward. And if production moves forward on the bulk sample the way we feel it should, we're going to become a very big success story. The property has potential for 200,000 to I believe up to a million ounces. We got a 6,000 foot strike. It's in a great location. It's on flat ground. It's in the right place at the right time. That's the way I would describe it. Absolutely. It's the the


best time for gold and silver right now. >> Yeah. [laughter] >> I'm Georgia Williams. This was Ron Kums of Providence Goldmines.