Legendary resource investor Rick Rule sat down for a conversation at the 2026 Rule Symposium for Natural Resources in Boca Raton to break down why the pullback in mining equities has opened up what he sees as one of the most attractive setups the sector has seen in years.
Rule, founder of the Rule Symposium and President and CEO of Rule Investment Media, argues that years of underinvestment in exploration and development are setting the stage for a fresh wave of mergers and acquisitions, with producers increasingly forced to buy growth rather than build it themselves.
He also makes the case that deposit quality outweighs jurisdiction, arguing a truly world-class ore body can overcome almost any political or geographic risk. On precious metals, Rule explains why he remains bullish despite gold’s recent correction, why silver equities offer more leverage than the metal itself, and what tends to happen once generalist capital flows back into the sector. He walks through how leadership rotates from gold to silver in strong cycles, and why the scarcity of genuine silver companies can produce outsized moves once that capital returns.
