Korelin Economics Report: Recent Episodes
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Fred Bell, CEO of Elemental Altus Royalties (TSX.V:ELE – OTCQX:ELEMF), joins me to review their operational and financial results from Q1 2024, a recent royalty acquisition now partnered with Rio Tinto, and a few royalty partner updates. We start off diving into the key metrics and takeaways from the first quarter financials.
- Royalty revenue of US$3.3 million and adjusted revenue of US$4.7 million, up 24% on Q1 2023
- Attributable Gold Equivalent Ounces (“GEOs”) of 2,283 ounces, up 13% on Q1 2023
- Operating Cash Flow plus Caserones dividends of US$1.2 million, compared with a loss in Q1 2023 and expected to grow through 2024 as margins increase
- Adjusted EBITDA of US$3.2 million, up 42% on Q1 2023
2024 Outlook
- Diba remains on track to be the Company’s newest producing gold royalty. Allied Gold Corp (TSX: AAUC) have announced that mining is expected to commence in Q2 2024
- Elemental Altus on course to meet guidance of 10,000 to 11,700 GEOs as production increases over the year. This guidance represents at its midpoint a 19% increase on 2023 and provides top-line exposure to gold and copper prices
- Repaid US$5 million debt in Q1 2024, leaving US$25 million undrawn on the credit facility and with approximately US$9 million cash on quarter end prior to Q1 royalty receipts. The Company intends to continue to reduce the amount drawn on the credit facility while maintaining financial flexibility to make new acquisitions
- Falling G&A expenditure and significant expected cash flow generation following merger synergies and asset sales, which are also expected to generate milestone payments placing the company in a position to generate material cash flow
During the interview we reviewed th increasing revenue and expanding margins over the course of 2024, and why the company strategy was to aggressively go after cash-flowing assets. We then highlighted that the Diba royalty is on track to commence mining in Q2 and has the potential to be a material long-life royalty for the company based on the exploration potential once it is in production. Fred discusses how this complements other long-life royalty assets like Karlawinda and Caserones, as key cornerstone assets.
We also discussed the large portfolio of development and explorations assets that will provide discovery optionality to future value creation. To that point we discussed the recent acquisition of a royalty over a Rio Tinto operated lithium project in Rwanda, where the Company expect to see significant news flow over the course of 2024. The company is cashed up and looking to make more accretive acquisitions over the course of this year.
If you have any follow up questions for Fred regarding Elemental Altus Royalties, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Elemental Altus Royalties at the time of this recording.
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Click here to view recent news on the Elemental Altus Royalties website
Graham Richardson, CFO of Faraday Copper (TSX.V:FDY – OTCQX:CPPKF) joins us to provide an overview of the current resource at the 100% owned Copper Creek Project in Arizona.
Highlights include a discussion on the 4.2 billion pound copper resource, the results from the 2023 PEA, and the Company’s current drill program, focused on expanding the high-grade portion of the resource and on making new discoveries. We also dive into the company’s experienced team and significant stakeholders, as well as the upcoming drill results and corporate strategy aimed at increasing the economic value of the asset.
Click here to visit the Faraday Copper website to review the Company’s Corporate Presentation.
Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us to review the recent corrective move in the commodities and resource stocks. He shares the fundamental reasons he remains constructive for copper, gold, silver, and uranium stocks, despite this consolidation move inside of Phase 2 of the commodities supercycle.
We start off having Nick review the overall lay of the land with the commodities turning over the last few weeks, after having gone on a several month rally. He outlines that as the markets transitioned from Phase 1 to Phase 2 of the commodities supercycle, that there will be natural ebbs and flows of selling and buying, but that he is still anticipated robust growth in many resources and related equities. We get an update on how he has been positioned in his portfolio with regards to copper stocks, touching upon positions in Hannan Metals (TSXV:HAN)(OTCPK:HANNF), Gladiator Metals (TSXV: GLAD) (OTCQB: GDTRF), and has a bid out to accumulate Freeport McMoran (NYSE: FCX). We also discuss the ability of successful exploration drill programs to still garner new interest with investors, highlighting the recent success Bravo Mining (TSXV: BRVO) (OTCQX: BRVMF) has had hitting copper mineralization in addition to the platinum and palladium resource. We wrap up having Nick unpack why he is still bullish and remains a buyer on dips in the uranium sector, believing the bull market can continue on for uranium equities for some time to come.
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Click here to follow Nick’s analysis and publications over at Digest Publishing
Jordan Roy-Byrne, CMT, MFTA, Editor of The Daily Gold, joins us to share his outlook for commodities based on the recent loss of upward momentum, how gold is performing compared to other commodities and the S&P, and the stocks he is focused on.
We start with the recent loss of momentum in metals like silver, copper, and some energy commodities, despite gold holding up relatively well. Jordan shares insights on the potential signals of declining economic growth and a possible upcoming recession. We explore the performance of gold relative to the stock market during past economic downturns and discuss strategies for investing in quality companies, particularly growth-oriented producers and developers.
Click here to visit Jordan’s site – The Daily Gold
Bryan Atkinson, Senior VP Exploration at Fury Gold Mines (TSX:FURY – NYSE:FURY) joins me to recap yesterday’s news release reporting drill results from the Éléonore South Project in Quebec.
We start by recapping the seven-hole drill program for over 2,300 meters, aimed at expanding mineralization. We compare the results to historical data, highlighting the broader and lower-grade current intercepts, and outline the step-out distance of these holes.
Additionally, we look into the Company’s exploration plans for summer 2024 at Eau Claire and Éléonore South.
If you have any follow up questions for Bryan and the team at Fury please email me at Fleck@kereport.com.
Click here to visit the Fury Gold Mines *website to learn more about the Company and read over the recent news.*
Figure 1: Plan View Map of the Spring 2024 Drilling around the Cheechoo Tonalite.
Webinar replay from May
Lawrence Roulston, President and CEO of MTB Metals (TSX.V:MTB – OTCQB:MBYMF) joins me for a discussion on the junior markets, action in the Golden Triangle and plans to advance MTB Metals.
Lawrence discusses the unique state of mining markets, noting high metal prices (copper, gold, silver) but depressed equity values. He explains the cyclical nature of the industry and the strategic moves by investors and companies during downtimes. Major mining companies are shifting focus towards copper, driven by both traditional demand and new factors like electrification and electric vehicles.
On the Company front, Lawrence highlights MTB’s flagship Telegraph porphyry copper-gold project in the Golden Triangle, the challenges of funding extensive drill programs, and the interest from major mining companies in MTB’s projects. He also mentions future plans, including further exploration and potential joint ventures or sales of secondary projects.
If you have any follow up questions for Lawrence please email me at Fleck@kereport.com.
Click here to visit the MTB Metals website to learn more about the Company.
Craig Nicol, CEO of Graphene Manufacturing Group (TSX.V:GMG – OTCQX:GMGMF) joins me to address questions you all have sent me covering all three divisions of the company: battery technology, THERMAL-XR, and lubricants.
Highlights include details on the collaboration with Rio Tinto to develop high energy density batteries, the use of graphene in various types of batteries including aluminum ion and lithium ion, and insights into the testing process. Craig also discusses the potential applications of GMG’s battery technology in the EV market, rooftop solar energy storage, and on the graphene production front, capture and utilization of hydrogen byproducts. Further questions include updates on US EPA approval for THERMAL-XR, plans for scaling up graphene production, and the overall strategic direction of GMG.
Please keep sending me all your questions for Craig. My email address is Fleck@kereport.com.
Click here to visit the GMG website to learn more about the Company.
Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to review the downturn the last few weeks in the commodities like oil, nat gas, uranium, copper, silver, and gold, and their related resource stocks, but he reiterates that the larger megatrends are still well in place.
He acknowledges that some of the moves lower don’t make a lot of sense based on the macroeconomic news, but believes these pullbacks will find support and that those will be good buying opportunities. In the bigger picture we discuss that the commodities supercycle, which started just a few years ago, is solidly underway. He is less animated by the earlier stage exploration companies at this point in the cycle, but feels that investors should look to the larger quality names in each sector, which should respond favorably in the next leg higher.
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Click here to follow along with Sean’s work at Weiss Ratings Daily
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Click here to learn more about Resource Trader
Matt Badiali, Editor of the New energy Investor published under the Mangrove Investor joins us to discuss his renewed bullishness for Uranium.
Matt discusses the significant shift in Japan’s energy policies, particularly their renewed commitment to nuclear energy. This change is driven by Japan’s need to reduce its dependency on imported fuels and to support high-energy-consuming industries like data centers and chip manufacturing. The potential restart of nuclear reactors, especially the vast Kashiwazaki-Kariwa plant, could increase global uranium demand, potentially driving up prices.
Matt also highlights the broader international context, with several countries ramping up their nuclear energy capabilities. We look at the challenges of uranium supply, noting the depleted stockpiles in Japan and the end of the Megatons to Megawatts program. Despite a recent dip in uranium prices, Matt is optimistic about another upward trend due to burgeoning demand.
The conversation touches on uranium stocks and discusses significant companies like NextGen Energy and the Sprott Physical Uranium Trust. Matt emphasizes the importance of jurisdiction and the need for more uranium production to meet future demands. The discussion also covers the Athabasca Basin, known for its high-grade uranium resources, and the need for diligent exploration and management.
Click here to visit the Mangrove Investor website to follow along with Matt.
Cameron Tymstra, President and CEO of Targa Exploration (CSE:TEX – OTCQB:TRGEF – FRA:V6Y) joins me to discuss the Company’s exploration plans this year, focused at the Opinaca Project in Quebec.
The company’s main focus this year is the Opinaca project in Quebec, concentrating primarily on gold exploration, with some interest in lithium. Cameron highlights the strategy of using till sampling to locate bedrock sources of gold anomalies identified last year. The collaboration with Kenorland Minerals allows Targa to benefit from the expertise of geologists experienced in similar successful projects in the area.
The $1.3 million CAD budget for Opinaca covers a comprehensive till sampling and prospecting program aimed at narrowing down drill targets for 2025. Additional minimal exploration activities will be conducted on other lithium projects in Ontario and Northern Saskatchewan to keep them in good standing.
If you have any follow up questions for Cameron please email me at Fleck@kereport.com.
Click here to visit the Targa Exploration website to learn more about the Company.
Adrian O’Brien, Director of Marketing and Communication at Midnight Sun Mining (TSX.V:MMA – OTC:MDNGF) joins me to discuss the recently closed a $10 million private placement and cooperative exploration plan with First Quantum Minerals. This venture focuses on advancing Midnight Sun’s Solwezi project in Zambia, which targets significant copper and cobalt deposits.
Adrian highlights the strategic proximity to First Quantum’s Kansanshi mine and details the forthcoming drill programs at Kazhiba and Mitu. The discussion covers key aspects like the geology, operational timeline, and potential profitability of this collaboration, alongside an update on their work with KoBold Metals at the Dumbwa prospect. Adrian also delves into the unique characteristics of oxide copper deposits, permitting processes, and future benefits for Midnight Sun.
If you have any follow up questions please email me at Fleck@kereport.com.
Click here to visit the Midnight Sun Mining website.
Craig Hemke, Founder and Editor of TF Metals Report joins us to discuss last week’s economic data and forecasts. We dive into inflation data, GDP projections, and market reactions, exploring themes of stagflation and persistent inflation.
We also preview a busy week ahead with new economic data releases such as PMIs and job reports, and speculate on how these might affect market trends and the Fed meeting next week. Craig provides insights into the gold and silver markets, analyzing recent movements and the potential influence of upcoming economic indicators. Additionally, we explore the broader impact of inflation on average Americans and the dichotomy between stock market performance and real economic conditions.
Finally, we delve into the Commitment of Traders reports for precious metals, discussing the implications for future price trends
Click here to visit the TF Metals Report website to stay up to date with Craig.
Jon Deluce, President and CEO of Abitibi Metals (CSE:AMQ – OTC:AMQFF – FSE:4KG) joins me to recap the recent drill results from the B26 deposit’s Eastern Extension target, in the Abitibi region of Quebec. We also discuss the Company’s extensive exploration programs – comprising 16,500 meters planned for this year and an additional 20,000 meters next year – aimed to enhance the historical resource and move closer to a Preliminary Economic Assessment (PEA).
Jon also outlines the Company’s strategic plans for future drilling, funding, and market engagement, providing insights into the stock’s recent flat performance and the steps being taken to attract investors.
If you have any follow up questions for Jon please email me at Fleck@kereport.com.
Click here to visit the Abitibi Metals website.
Welcome to The KE Report Weekend Show! We are sticking to the gold, silver and copper markets this weekend analyzing pricing and equity investment trends.
- Segment 1 and 2 – Matt Geiger, Managing Partner at MJG Capital shares his insights on copper market trends and portfolio strategies. We start by recapping the updates to his portfolio, and a deep-dive into the copper market dynamics. Matt shares his strategies and recent investment moves, including a major allocation to copper and a new high-grade copper discovery.
- Click here to learn more about MJG Capital.
- Segment 3 and 4 – Axel Merk, President and CIO of Merk Investments wraps up the show discussing trends in gold ETFs, including inflows and outflows, and the current state of the gold market. Axel provides insights into investor behaviors, and the broader commodity market including gold, silver, and copper.
- Click here to learn more Merk Investments.
Matt GeigerAxel Merk
Dana Lyons, Fund Manager and Editor of The Lyons Share Pro, joins us to review the recent pullback in most market sectors, and how he is trading the volatility in US equities, copper, gold, and silver. With regards to the overall health of the general US equity markets he notes that most of the weakness has been in the weighted indexes and larger cap stocks. When reviewing the better market breadth and that the small-cap and mid-cap stocks held up better the end of this week, he sees that as a constructive sign of underlying market strength. Technically their models have not changed to bearish and Dana is still constructive for higher levels in the medium-term.
Pivoting over to the commodities weakness this we saw all week long, we touch on the pullback in copper, gold, and silver, and in particular, where he would look to start scaling back in based on technical signals and Fibonacci retracement levels. When looking at the volatility in silver, Dana shares his thoughts on how this can be an opportunity for swing-traders and position-traders, but feels despite the consolidation of the recent gains, that he’d be looking to accumulate anywhere down near where the breakouts started.
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Click here to visit The Lyons Share Pro website to follow along with what Dana is investing in.
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc To Market, joins us to discuss the upcoming crucial two weeks in global markets. We explore the anticipated central bank meetings, including likely rate cuts from the European Central Bank and Bank of Canada.
The conversation also highlights major political events, such as elections in South Africa, India, and Mexico, and their potential impacts on local markets and currencies. Additionally, Marc emphasizes the importance of forthcoming U.S. economic data, including job reports and CPI figures, in shaping Federal Reserve policy and market expectations.
The discussion further delves into the implications for currency movements, commodity trends, and the bond market, addressing the interconnectedness and potential volatility driven by these diverse factors. Finally, Marc shares his outlook on sectors and regions that might benefit amidst these market dynamics.
Click here to visit Marc’s website – Marc To Market.
Segun Lawson, President and CEO of Thor Explorations (TSX.V: THX) (AIM: THX) (OTC: THXPF), joins me to review the Q1 2024 financial results and operations at the Segilola Gold Mine, and provides a gold exploration update for Segilola, the Thor Lithium claims in Nigeria, and increased land and exploration at the Douta Project in Senegal.
Financial Highlights
- 17,420 oz of gold sold with an average gold price of US$2,033 per oz.
- Cash operating cost of US$418 per oz sold and all-in sustaining cost (“AISC”) of US$632 per oz sold. [In Q1 2024, lower cost medium and high grade stockpile was fed through the mill resulting in a lower than expected cash operating cost and AISC].
- Q1 2024 revenue of US$33.3 million
- Q1 2024 EBITDA of US$23.3 million
- Q1 2024 net profit of US$12.4 million
- Cash and cash equivalents of US$2.8 million as at March 31, 2024
- Senior debt facility reduced to US$15.2 million as at March 31, 2024.
- Net debt of US$14.3 million as at March 31, 2024.
Segilola Production
- Gold recovered for the Period totalled 19,589 ounces.
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- Mill feed grade was 2.85 grammes per tonne gold with recovery at 90.71%
- The process plant maintained the Q4 2023 productivity levels, higher than design, throughput rates with all the main operating units continuing to perform better than expected.
- A leach circuit tank upgrade aimed at reducing the gold in circuit through 2024 was completed in the Period.
Segilola Near-Mine Exploration
- Exploration during the Period has prioritised working up near mine drill targets as well as carrying out structural studies aimed at designing drill programmes for the Segilola Underground Resource in Q2 2024. The Company is aiming to define an updated underground resource before the end of 2024.
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- 10,000 metres of drilling expected to commence in June 2024, with a likely increase to the size of the drilling programme should there be successful drilling results.
Douta Exploration
- In the post period, the acquisition of the Douta-West Licence (announced April 3, 2024) was completed. The license lies contiguous to the Company’s existing Douta Permit and contains advanced exploration targets.
- Thor’s strategy is to combine both licences and scale up the size of a combined Douta Project for the Douta Preliminary Feasibility Study (“PFS”). The Douta PFS workstreams continue, alongside the growth of the oxide component of the resource across both licences.
- This growth will add to the existing mineral resource estimate (“MRE”) that currently comprises of a total of approximately 1.78 million ounces (“Moz”) of gold.
- A 15,000 meter drilling program commenced after the Period and is targeted at growing the current oxide component of the resource from approximately 250,000 oz to over 500,000 oz over the next six months.
If you have any questions for Segun regarding the ongoing work at Thor Explorations, then please email me at shad@kereport.com.
*In full disclosure, Shad is a shareholder of Thor Explorations at the time of this recording.
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Click here to read over the recent news out of the Company.
Peter Krauth, author of the book The Great Silver Bull and editor of the Silver Stock Investor newsletter, joins me for a wide-ranging discussion the recent breakout in silver prices, the supply/demand fundamentals driving this move higher in silver, and some pro tips on stacking silver and investing in the silver stocks.
We start off noting the recent breakout higher, and why Peter believes this is the beginning of a sustained move higher in the sector, why we should appreciate silver prices in the $30s along the journey, the $50 silver target, and even potentially higher prices this cycle. We review the supply and demand factors moving silver higher from both the precious metals side and the industrial side, and how those may develop over time. Peter provides some great advice and the things to be cognizant of when accumulating physical silver through custodians, and when investing in electronic forms of silver. He points out that with regards to spectrum of PM ETFs that his preference is for the Sprott Physical Silver Trust (PSLV).
Shifting over into the silver stocks, we cover general comment on the whole spectrum of companies from the larger to mid-size producers like Endeavour Silver (EDR.TO) (EXK) and First Majestic (FR.TO) (AG), down to the developers with ounces defined in the ground for optionality, and then some of the opportunities sprouting up in the junior explorers.
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Click here to visit Peter’s site and follow along with his analysis of the silver sector
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Jeff Christian, Managing Partner at the CPM Group joins us to focus on the recent volatility in silver.
The discussion covers a broad spectrum of factors influencing silver prices, including technical momentum, investor demand, and industrial applications. Jeff explains the erratic price movements observed in 2023, noting that silver prices have fluctuated significantly due to economic uncertainty and investor sentiment.
We then look to at the Commitment of Traders (CoT) reports, highlighting the dynamics between commercial and non-commercial entities. Jeff touches upon the concept of market congestion and clarifies the difference between a short squeeze and price congestion. He emphasizes that while technical charts, industrial demand, and investment interest collectively drive silver prices, the fundamental economics of silver supply and demand act as overall limiting factors.
Finally, Jeff speculates on short-term price movements driven by open interest in futures contracts and concludes with cautionary advice for investors based on the historical behavior of the silver market.
Click here to visit the CPM Group website to keep up to date with Jeff’s metals commentary.
Leif Nilsson, CEO & Director of Surge Copper (TSX.V:SURG – OTCQX:SRGXF), joins me for a comprehensive update on the ongoing exploration and development work at the flagship copper-molybdenum-silver-gold Berg Project in British Columbia.
We start off having Leif outline the key economic metrics from the PEA released last summer, for a sense of the size and scale of the Project, and how it stacks up to other large copper development assets in Canada.
- Base case after-tax NPV8% of C$2.1 billion and IRR of 20% based on long-term commodity price assumptions of US$4.00/lb copper, US$15.00/lb molybdenum, US$23/oz silver, and US$1,800/oz gold plus foreign exchange of 0.77 USDCAD
- 30-year mine life with total payable production of 5.8 billion pounds (2.6 million tonnes) of copper equivalent (CuEq), including 3.7 billion pounds (1.7 million tonnes) of copper
- Updated mineral resource estimate includes combined Measured & Indicated resource of 1.0 billion tonnes grading 0.23% copper, 0.03% molybdenum, 4.6 g/t silver, and 0.02 g/t gold, containing 5.1 billion pounds of copper, 633 million pounds of molybdenum, 150 million ounces of silver, and 744 thousand ounces of gold, plus an additional 0.5 billion tonnes of material in the Inferred category.
This leads into a discussion on how the economics would change with sensitivities to current metals prices, and we’ll also include a table that demonstrates this optionality down below this interview. We also mention that the critical minerals component of the copper and moly mineralization gives the company some optionality when looking at raising capital for the development of the project down the road.
Next we dig into to the news released to the market on April 10th, about the planned technical work programs in support of an upcoming Pre-Feasibility Study (PFS), which are expected to commence in the coming weeks and extend through the summer field season. Leif outline some of these initiatives for further derisking the Berg Project through metallurgical testing, environmental baseline studies, geochemistry and geotechnical work, and then more surface mapping and sampling to advance the high-priority Berg SW Target. We also reviewed the announced strategic investment by African Rainbow Minerals Limited (“ARM”), and the recent sidecar private placement to cash the company up for these work programs.
If you have any follow-up questions for Leif regarding Surge Copper, then please email them to me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Surge Copper at the time of this recording.
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Click here to follow along with the latest news from Surge Copper
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Zach Flood, President and CEO of Kenorland Minerals (TSX.V:KLD – OTCQX:KLDCF – FSE:3WQ0) joins me to recap the recent strategic investment by Centerra Gold, which brought in over C$9.8 million. Sumitomo Metal Mining Canada also exercised its right to invest and maintain its 10.1% ownership.
With new funds in the treasury, Zach explains how the company plans to use this money for grassroots exploration across its extensive land holdings in Quebec, Ontario, and other provinces. He also emphasizes Kenorland’s strategic partnerships with major players like Centerra, Sumitomo, and Newmont, and their alignment on exploration strategies.
Additionally, Zach provides insights into current and upcoming exploration, and potential news flows regarding drilling results and project updates. He underscores the Company’s strategy to partner with major mining companies for high-risk, capital-intensive exploration, and the importance of maintaining relationships with these companies to advance the projects.
If you have any follow up questions for Zach please email me at Fleck@kereport.com.
Click here to visit the Kenorland Minerals website to learn more about the Company and the partnerships with major mining companies.
Welcome to The KE Report Weekend Show! On this Weekend Show we feature two well respected newsletter writers focused on investing in metals stocks (Joe Mazumdar) and energy stocks (Dan Steffens).
While commodities prices pulled back this week there are a number of developments within the equities that we discuss. For comments on the pullback in commodities prices be sure to check out the Daily Editorials we posted throughout the week.
- Segment 1 and 2 – Joe Mazumdar, editor of Exploration Insights, discussing the resource market, metal prices, and M&A activities. Joe shares insights on high metals prices, merger activities, and investment opportunities in metals like silver, gold, and copper. The discussion also touches on financing news, the significance of advanced exploration and development assets, and how royalty companies fit within a portfolio.
- Click here to learn more about Exploration Insights.
- Segment 3 and 4 – Dan Stephens, President of the Energy Perspectives Group. The discussion covers the significant rise in natural gas prices, oil stability just under $80 per barrel, and a major merger between SilverBow Resources and Crescent Energy. Key drivers behind the natural gas price spike are analyzed, including increased demand from power plants and AI data centers, and its impact on the market and stock valuations. The details and synergies of the Silver Bow and Crescent Energy merger are explored, along with the potential for more M&A activity in the energy sector.
- Click here to learn more about the Energy Prospectus Group.
Joe MazumdarDan Steffens
Joel Elconin, Co-host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss this week’s dramatic market movements, notably Thursday’s significant drop in markets despite Nvidia’s impressive earnings. By Friday, markets showed resilience, with the S&P 500 nearly neutral for the week.
Key marker trends continue to be the ‘buy the dip’ mentality and the influence of Fed comments. We also focus on natural gas, gold, copper, and Bitcoin’s trading patterns. Additionally, analysts re-ratings of First Solar caused a major jump in price.
Click here to visit the PreMarket Prep website.
David Wolfin, President and CEO of Avino Silver and Gold Mines (TSX;ASM – NYSE:ASM), joins me to recap the key takeaways from the Q1 2024 financials and operations, and then takes a deeper dive into the Company’s 5-year production growth plan, to become an intermediate silver producer, in Mexico.
David outlines the consistent silver, gold, and copper production coming from the Avino Mine, the upcoming development of the La Preciosa Project later this year, with commercial production expected early in 2025, and then the Oxide Tailings Project a few years out that all contribute to the 5-year production growth plan. We spend some time having him outline all the historic drilling, met work studies, community engagement, and scoping work that has already been completed on La Preciosa, making it shovel-ready now. The Company is simply waiting on the final permits later this summer, to then begin putting in the decline and several months after that to start mining ore and shipping it over to the Avino processing plant. We also discuss the exploration upside at both the Avino Property and at La Preciosa for further potential to expand resources and mine life.
If you have any follow up questions for David or would like further information on any of the topics we discussed please email them to me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Avino Silver & Gold at the time of this recording.
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Click here to follow along with the latest news from Avino Silver and Gold
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Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website joins us to recap the Fed minutes, currency market moves and the commodities pullback this week.
We start by diving deeper into the recent Fed minutes, analyzing the hawkish tone and market expectations regarding rate cuts. We discuss how rate cut expectations impact the U.S. equity markets, and the balance between market moves and economic resilience. Additionally, we discuss the influence of central banks in the EU, Japan, and Great Britain on currency trends and the importance of U.S. interest rates in driving market dynamics.
Commodities are up next, including insights on gold, oil, and copper. We tie in economic trends in China and the ongoing U.S.-China relations. Lastly, we reflect on the current state of the U.S. markets and the potential implications of the evolving global economic landscape.
Click here to visit Marc’s website – Marc to Market.
Jayant Bhandari, a private strategic resource investor that consults many high-net-worth investors, joins me to review the trends he is seeing in the gold and silver stocks, some arbitrage opportunities in ongoing merger and acquisition deals, and some companies that should have nice upside torque based on their work programs or optionality to defined ounces in the ground.
Jayant believes we are in a sweet spot in the resource space where finally people can start deploying more capital into the junior side of the market, as it starts to catch up to the moves we already seen in the mid-tier and senior producers. We talk about producers finally being more profitable and in the position to acquire smaller companies, and that some juniors are merging to mass up in size. Another topic that comes up is jurisdiction risk and jurisdiction diversification, and how investors and larger companies have been more amenable to going into more exotic locations the end of last year and into this year. We cover a lot of topics and Jayant shares a lot of companies in his portfolio or on his radar for various reasons.
The companies discussed are: Base Resources (BSE.AX) (BSE.L), Energy Fuels (EFR.TO) (UUUU), Blackwolf Copper and Gold (BWCG) (BWCGF), Treasure Metals (TML.TO) (TSRMF), OreCorp (ORR.AX), Perseus Mining (PRU.TO) (PRU.AX), Silvercorp Metals (SVM), Adventus Mining (ADZN.V) (ADVZF), Aztec Mining (AZT.V) (AZZTF), Newcore Gold (NCAU.V) (NCAUF), Montage Gold (MAU) (MAUTF), Irving Resources (IRV.CN) (IRVRF0, O3 Mining (OIII.V) (OIIIF), Stellar Gold (STLR.TO) (STLRF), Aris Mining (ARIS.TO) (ARMN).
- In full disclosure, Shad holds shares in Energy Fuels and Silvercorp Metals at the time of this recording.
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Jayant is hosting his annual Morality and Capitalism conference in Vancouver on Friday May 31st – Saturday June 1st, and information can be found here for attending the event:
Capitalism & Morality 2024 (Vancouver)
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Click here to visit Jayant’s website.
Justin Reid, CEO of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), joins me to take a deep dive into the key metrics and takeaways on the Feasibility Study released to the market on May 14th on the gold-copper Troilus Project located in northcentral Quebec, Canada. The Study incorporates an initial mineral reserve estimate that supports a long life, large scale, 50,000 tonnes per day open-pit mining operation; a project in a tier-one mining jurisdiction that stands out in the Quebec and Canadian mining landscapes.
This is a wide-ranging discussion where Justin addresses head on some of the questions or potential concerns that have been raised by the market about the lower IRR number, drop in grade from the PEA to the FS, and large capex to build the project, and puts these numbers in context with several other large open-pit bulk tonnage projects built in Canada like Detour Lake, Malartic, Cote’, Magino, and Greenstone. These are the kinds of mines that actually get built and become key contributors in the gold space, and having the copper and silver exposure, as well as the 70% institutional partners and stakeholders, gives the company a number of levers to pull for raising the capital stack needed in a non-dilutive manner.
Justin encourages listeners to think beyond the typical flashier headline numbers from higher-grade underground mine economic studies that regularly hit the markets from other companies, and take a closer look at the details and look under the hood of this study. For example, he notes how the grade and economics ramp up in years 3-8, and then are stead for more than another decade. The value extends far beyond the typical 10 years a company gets in a discounted cash-flow scenario, as this is a 22 year mine life at present and growing. Justin points out that with only half of the 13 million gold equivalent resources included in the reserves at this point, that the mine life will eventually extend well beyond 30 years, with more definition and infill drilling to upgrade categories of the resources into the reserves. We also discuss the dichotomy between how retail investors reacted and commented, versus how the Company’s institutional investors responded to this study.
Strong Economic Results
- Base Case after-tax NPV5% of USD$884.5 million and IRR of 14%, reflecting long-term forecast prices of US$1,975/oz Au, $4.05/lb Cu, $23/oz Ag and $0.74 USD/CAD exchange rate.
- After-tax NPV5% of USD$1.55 billion and IRR of 19.5% at April 2024 average metal prices (Au: $2,332/oz; Cu: $4.30/lb; Ag: $27.50/oz).
- Cumulative after-tax cashflow of $2.2 billion on base case assumptions; increasing to $3.4 billion using average metal prices for April 2024.
- Open pit mine life of 22 years with the potential for future underground development.
- Life-of-mine average payable gold production of 244,600 ounces annually, 17.3 million pounds of copper and 446,700 ounces of silver annually.
- Peak annual payable gold production of 456,100 ounces, 31.8 million pounds of copper and 613,600 ounces of silver in year 7.
- Open pit mine, processing 50,000 tonnes-per-day (“tpd”); a 43% larger scale operation than the 35,000 tpd processing rate contemplated in the Preliminary Economic Assessment (“PEA”) from 2020.
- An economical and energy-efficient process to produce a desirable gold-rich copper concentrate for sale to smelters, with a cyanide-free gravity concentration circuit to produce doré after Year 1.
- Supported by an initial Mineral Reserve estimate of 380Mt grading 0.59 g/t gold equivalent (“AuEq”) (0.49 g/t Au, 0.058% Cu and 1.0 g/t Ag) for a contained 7.26Moz AuEq (6.02 Moz Au, 484 Mlbs Cu and 12.2 Moz Ag).1
- LOM total payable gold of 5.4 million ounces, 382 million lbs of copper and 9.9 million ounces of silver.
- Average LOM strip ratio of 3.1:1.
Low-Cost Production
- All-in sustaining cash operating costs (“AISC”) of $1,109/oz.
- Average operating costs of $19.06/t milled ore.
Attractive Capital Intensity Given Inflationary Environment and Scale of Operation
- Initial development capital of (“CAPEX”) of $1,074 million, including all mine pre-production costs, net of existing infrastructure.
- Existing and upgraded infrastructure, including powerlines and 50MW substation, all-weather access roads and tailings facility among other infrastructure, reduce capital requirements for the project and overall capital intensity.
Exploration Upside:
- Numerous targets ranging from grass roots geochemical anomalies to early-stage drill targets are actively being explored and advanced, both near mine and regionally, representing significant future upside potential.
If you have any questions for Justin regarding Troilus Gold, then please email them over to me at Shad@kereport.com.
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Click here to follow along with the latest news from Troilus Gold
Ramon Perez, President and CEO of Luca Mining (TSX.V:LUCA – OTCQX:LUCMF – FSE:TSGA) joins me to provide a production update and growth outlook at the Company’s Tahuehueto and Campo Morado Mines, both in Mexico.
We begin with the progress at the Tahuehueto Project, which is ramping up production to reach 1,000 tons per day by mid to late June. Currently, the mine is processing between 500-600 tons per day, with the final component, a third filter press, recently installed and awaiting finalization of electrical setups. This milestone is expected to bring Tahuehueto into commercial production by the third quarter of this year.
At the Campo Morado mine, significant improvements have been made on the recoveries front. Through recent metallurgical testing, copper recovery rates jump from 40% to 70%. With a relatively modest $2.5 million in capital expenditure, I ask Ramon what this would mean for the overall economics of the mine moving forward and when investors will see these improvements in production data.
We then discuss ongoing exploration activities, that recently found a new high-grade gold zone at Tahuehueto. Ramon outlines the exploration plans that will happen in tandem with production growth.
If you have any follow up questions please email me at Fleck@kereport.com.
Click here to visit the Luca Mining website to learn more about the Company and both assets.
David Stein, President and CEO of Kuya Silver (CSE:KUYA – OTCQB: KUYAF – FRA:6MR1) joins me to discuss the first production from the Bethania Silver Project, in Peru.
We discuss the Company’s initial production phases, plans to ramp up to 350 tons per day by mid-2025, and the estimated revenue when the mine is ramped up. David explains the details of the toll milling agreement and emphasizes that initial revenues will be minimal as they reinvest into the mine. We also cover future reinvestment strategies, exploration timelines, and the possibility of the Company building its own mill.
Please email me with any follow up questions you have for David. My email address is Fleck@kereport.com.
Click here to visit the the Kuya Silver website to learn more about the Company.
Teo Dechev, President and CEO of Mundoro Capital (TSXV: MUN) (OTCQB: MUNMF), joins me to introduce this cash-flow positive prospect generator, focused on optioning copper projects to the major mining companies in the Western Tethyan Belt of Europe, in Serbia and Bulgaria, and Laramide Belt of the USA, in Arizona.
We start off discussing where the company is positioned in the continuum of prospect generators and royalty companies, because in addition to the incoming option and milestone payments the company receives, there is the end goal to retain a royalty on the projects and build up a royalty portfolio. We discuss the 3 projects in Serbia where Mundoro is partnered with BHP, the project in Bulgaria where they are partnered with the Japanese conglomerate JOGMEC, and that the Company has 6 other projects available to option – 3 more in Serbia, and 3 in Arizona. Some of the projects available to option have had some good preliminary targeting and delineation work done, and bringing on new partners are additional catalysts for the future.
Wrapping up Teo shares her background in the industry, key members of the board and technical advisors, and then breaks down the financial health of the Company and their roster of key strategic shareholders.
If you have any questions for Teo then please email me at Shad@kereport.com, and I’ll get those over to her to be addressed.
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Click here to follow along with the latest news from Mundoro Capital
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TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website, joins us to review his technical outlook on a number of sectors including broad US market indexes, the cryptocurrencies, crypto mining stocks, the commodities sector, lithium stocks, uranium stocks, copper stocks, and regional banking stocks.
We start with TG’s assessment of the general US equity markets and chart levels, based on moving averages, where he expects support to come in for the next bounce. Then we reviewed the latest bullish speculation on tap in many sector of the stock market, commodities, and even a resurgence in the meme stocks and cryptoverse. While TG has doubts about any longevity in the meme stocks like Gamestop (GME) or AMC Entertainment (AMC), he remains constructive on the crypto leadership in Bitcoin and Ethereum. We also discuss how the crypto mining stocks are a mixed bag with Cleanspark (CLSK), Iris Energy (IREN), Marathon Digital Holdings (MARA) and potentially Cypherpunk Holdings (HODL.CN) (CYFRF) setting up well, while concurrently Riot Platforms (RIOT), Hut 8 (HUT), and Hive (HIVE) are still struggling.
Shifting over to the commodities, and noting the big moves higher in gold and silver and copper, TG points to the lithium stocks and the related Global X Lithium Battery ETF (LIT) as a beat down area of the resource complex that may have bottomed and started to move higher. With regards to the uranium miners he highlights the picture perfect setup on the chart of the Global X Uranium ETF (URA), with respect to the 50-day moving average and the cup & handle pattern within a cup & handle pattern, being very constructive. We also review the strength we’ve seen in the copper stocks, and in particular how he is reading the very big move we’ve seen in the copper seniors via the ETF (COPX) and how the pullback we are seeing today may just be a much needed rest.
Wrapping up we talk about other beat down stocks and sectors that may be setting up for their next moves higher, referencing both Blink Charging (BLNK) and the SPDR S&P Regional Banking ETF (KRE).
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Click here to visit the Profit Pilot website to keep up to date with what TG is trading.
Another Stock Talk episode with Quinton Hennigh, geologist, private investor, geologic advisor to Crescat Capital. We are doing the same format as last segment where we look through companies slide decks to get Quinton’s thoughts on the stocks you have sent in.
Since silver has broken out and almost all the silver stocks have revalued higher, we focus on three silver stocks. Here are the stocks we focus.
- Impact Silver – TSX.V:IPT – OTC:ISVLF
- Silver X Mining – TSX.V:AGX – OTC:AGXPF
- Capitan Silver – TSX.V:CAPT
Please keep sending me the stocks you would like us to discuss. My email address is Fleck@kereport.com.
Please know this is not investment advice. This is simply Quinton’s thoughts on the companies you have all sent in. We may have investments in the stocks discussed but we are not focusing on any of the stocks because we might be invested. We hope you all find these segments helpful, but again please do not take any of this as investment advice.
Click here to register and tune in live!Upcoming live event! May 23rd at 11:30am PDT Fury Gold Mines – Updated Resource Estimate At Eau Claire, High-Grade Gold Portfolio in Low-Risk Jurisdictions* * Tim Clark, President and CEO, and Bryan Atkinson, Senior VP Exploration, will join me to recap the recently updated Mineral Resource Estimate at the Eau Claire Project as well as provide a full overview of the Company. * The updated Resource is now just under 2million gold ounces. * We will also discuss the exploration potential and plans across the Company’s portfolio of projects
Click here to register and tune in live!By registering you will have first access to the webinar recording.
Please email me any questions you have for Tim and Bryan. I will bring these up during the webinar. You will also have the opportunity to ask questions during the live event.My email address is Fleck@kerepory.com.
Jon DeLuce, President and CEO of Abitibi Metals (CSE:AMQ – OTC:AMQFF FSE:4KG) joins me to provide a comprehensive overview of the Company’s focus in the Abitibi region, in Quebec, at 2 Projects.
We focus on the Company’s main assets, including the B26 deposit, which has a resource of 11.4 million tons of copper equivalent at just under 3% copper equivalent, which is around 400 million pounds of copper equivalent (indicated plus inferred). The company has a 30,000 meter drill program underway, to both grow and de-risk the deposit. Additionally, the Beschefer Gold Project, near B26, will have a smaller program upcoming.
We also discuss the management team background, financial position with $18 million in the treasury, and the Company’s approach towards future exploration and resource updates.
Please email me with any follow up questions you have for John. My email address is Fleck@kereport.com.
Click here to visit the Abitibi Metals website to learn more about the Company.
Upcoming live event! May 23rd at 11:30am PDT Fury Gold Mines – Updated Resource Estimate At Eau Claire, High-Grade Gold Portfolio in Low-Risk Jurisdictions* * Tim Clark, President and CEO, and Bryan Atkinson, Senior VP Exploration, will join me to recap the recently updated Mineral Resource Estimate at the Eau Claire Project as well as provide a full overview of the Company. The updated Resource is now just under 2million gold ounces.
Click here to register and tune in live!
Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us today to outline how he positioning his portfolio in uranium, copper, silver, and gold resource stocks, as the commodities continue to ratchet higher. We look at some of the pricing drivers and the supply/demand fundamentals of those markets, and then drill down into the types of resource stocks that have Sean’s attention. It’s a nuanced discussion where we get into fading into and out of positions based on the trends, the stages of companies in each sector that Sean likes best, and how he sees this cycle continuing to develop.
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Click here to follow along with Sean’s work at Weiss Ratings Daily
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Click here to learn more about Resource Trader
Luc ten Have, private resource investor and Founder of www.GoldDiscovery.com, joins me to review some of the best practices for investing in junior exploration stocks, some lessons he’s learned over the years, and which of these companies have his attention at present.
We start off looking at the volume and interest coming back into the commodities and into the TSX Venture Exchange, and how he goes about filtering down the large number of companies into the ones that pique his interest for their value proposition. He mentioned Targa Exploration (CSE: TEX) (OTCQB: TRGEF) as a company exploring for lithium, that just made an interesting gold discovery in their till sampling, that caught his attention, but presents an analysis of what are the upsides versus the downsides. This leads into discussions about share structure, the warrants in a deal, and how aligned a company management team is with shareholders based on their stake holding in a company and continued participation during capital raises. We also discuss the nuances around a strategic investor coming into junior resource stocks, and why he liked the setup in Montage Gold (TSXV: MAU) (OTCQX: MAUTF) as an example, where the Lundin family came in as strategic shareholders.
Next we talked about opportunities that may get overlooked by the market due to jurisdiction or because there was a period of no news, with a prime example being the Sun Peak Metals (TSXV:PEAK) (OTCQB:SUNPF) story, where they had to pause drilling for a few years in Ethiopia, but now have multiple drill targets on a large project to follow up on, picking up from the knowledge and experience they already had working on this project from before they had to pause operations a few years back.
We also circled back around to the ongoing developments with Aurion Resources (TSXV: AU) (OTCQX: AIRRF), where their JV partner B2Gold (TSX: BTO, NYSE: BTG) agreed to accept an offer, from Rupert Resources (TSX: RUP) (OTC: RUPRF) to acquire B2Gold’s 70% interest in the joint venture between B2Gold and Aurion, which owns properties located in the Central Lapland Greenstone Belt in northern Finland. Aurion decided not to exercise their Right Of First Refusal (ROFR) on this portion of their JV project, but Luc was keen to point out that the deal is not closed yet between Rupert and B2Gold, and that there still are a few different strategic alternatives and options between Rupert and Aurion that may surface from this deal. It is going to be fascinating to watch how this prospective mineral endowment in Finland will be consolidated over time.
Luc also mentioned a few other companies, like Lavras Gold (TSX-V:LGC, OTCQX:LGCFF) and Azimut Exploration (TSXV: AZM) (OTCQX: AZMTF) that are doing compelling drilling on multiple targets, but have a solid management teams that have made him more comfortable with the overall strategy to keep executing on their exploration plans. With all of the companies we discussed, Luc reinforced the idea of serious investors getting to know the management teams and speaking to them periodically to better understand the thinking behind the decisions they were making, and to occasionally challenge the choices made, to see how they respond and if they really have conviction in the path forward.
We wrap up with Luc ten Have getting an overview how his platform at Gold Discovery can assist resource investors in their due diligence, as well as some upcoming changes on tap for analyzing opportunities in junior mining stock investing using his platform.
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https://ceo.ca/@luctenhave
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Click here to follow Luc Ten Have on X/Twitter:
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https://golddiscovery.com/
Dave Erfle, Editor of the Junior Miner Junky joins us to discuss the recent breakout in silver, which closed above $30 for the first time in over a decade, and its implications for the commodities and precious metals sector.
Dave examines key movements in silver, copper, and the performance of related equities, all around market trends, short squeezes, and the action of junior miners. We discuss why the gold-silver ratio’s decline signals bullish trends and what to make of the continued lack of volume in GDX and GDXJ.
On the stock front we discuss the challenges in finding pure silver companies, the importance of jurisdictional risks, and the future of financing mining projects. The conversation also covers the performance of gold stocks, strategic investments, and how the ongoing bull market could shape the sector.
Click here to visit Dave’s site – The Junior Miner Junky.
Craig Hemke, Editor of TF Metals Report, joins us to review the breakout in silver, while both gold and copper continue rallying, and the further surge in precious metals stocks. The metals even larger commodities sector is in a bullish posture with many component sectors and ETFs making new 52 week highs and some charts even making new all-time highs. This has all happened in the backdrop of a strong US equities markets, and where the Fed hasn’t even begun to cut rates yet. If the equities were to slow down their pace, and some funds rotated over the resource stocks for more momentum, then we could really see some more sustained moves higher when the Fed starts actually cutting rates. The last few months have been quite constructive in this sector, and it looks like this move could have some legs to keep running.
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Click here to visit Craig’s site – TF Metals Report.
George Ogilvie, President and CEO of Arizona Sonoran Copper (TSX:ASCU – OTCQX:ASCUF), joins me to recap the economic studies and development work completed to date and the work plan to come in 2024 and early 2025 at the Cactus Project in Arizona.
The Company put out a Pre-Feasibility Study (PFS) at the Cactus Project in February, that demonstrated an initial Life of Mine of 21 years, recovering 1,153 k tons or 2.31 billion pounds of Copper LME Grade A cathode onsite via heap leach facility and SXEW. That gave the economics on the project a post-tax Net Present Value (“NPV”) of $509 million (CA$687 million) using an 8% discount rate and an internal rate of return (“IRR”) of 15.3% and using a $3.90/lb flat long-term copper price. There would be total revenues of $9.0 billion over 21 years, and post-tax unlevered Free Cash Flow of $2.4 billion, with All-In Sustaining Cost (“AISC”) of $2.34/lb. George mentioned that with sensitivities close to today’s copper prices, if we assumed $4.50/lb. copper prices it jumps up to an NPB of $970 million and an IRR of 22%.
However, it should be noted that all the drilling the company has done at the MainSpring Property, has not been included in this study yet, and there will be a Preliminary Economic Assessment coming out in Q3 of this year. That study will also review the optionality to improve the process with the investment by Nuton LLC (a wholly-owned subsidiary of Rio Tinto) and subsequent option to Joint Venture (“JV”) the Cactus Project to Nuton LLC using their proprietary leaching recovery methods. After that PEA, then all of the ongoing infill drilling at MainSpring and also deeper at Cactus West looking for more sulphide resources will all factor into a larger combined PFS for the whole Cactus Project, Parks Salyer, and Mainspring, both as a stand-alone project, and in concert with the Nuton leaching technology.
We also discussed some optionality around developing MainSpring as an open pit providing operational flexibility and gaining lower cost access to the Parks/Salyer deposit, so that bringing MainSpring into the mine plan potentially improves operational and financial synergies within the Cactus Project. This idea will be explored further in these upcoming economic studies, and as more definition and infill drilling is completed in the gap zone between the projects. George also provides some updates on permitting for the project, and the importance of it being on private land to help expedite the process.
If you have any follow up questions for George about Arizona Sonoran, then please email me at Shad@kereport.com and I’ll get those forwarded along to the company.
- In full disclosure, Shad has a position in Arizona Sonoran Copper at the time of this recording.
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Click here to visit the Arizona Sonoran website to read over all the recent news.
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Erik Wetterling, Founder and Editor of the Hedgeless Horseman joins us to discuss management and stock selection in the resource sector amid a bullish market for metals.
Erik discusses his investment strategy focused on companies with ounces in the ground and substantial growth potential, his cautious approach to trading high-risk alpha stocks, and the importance of having a robust strategy that withstands volatility. He elaborates on his preference for post-discovery stories over pre-discovery plays, highlighting the significance of proven success and probable growth in his portfolio.
Click here to visit Erik’s site – The Hedgeless Horseman.
Upcoming live event! May 23rd at 12:30pm PDT Fury Gold Mines – Updated Resource Estimate At Eau Claire, High-Grade Gold Portfolio in Low-Risk Jurisdictions* * Tim Clark, President and CEO, and Bryan Atkinson, Senior VP Exploration, will join me to recap the recently updated Mineral Resource Estimate at the Eau Claire Project as well as provide a full overview of the Company. The updated Resource is now just under 2million gold ounces.
Click here to register and tune in live!
Welcome to The KE Report Weekend Show! On this Weekend’s Show we focus mostly on the precious metals markets with Richard Postma (Doc) and Rick Rule. We look at charts and discuss opportunities each is seeing in a range of resource stocks.
- Segment 1 and 2 – Richard Postma, AKA Doc, kicks off the show with a look at the gold and silver charts and shares the companies he is investing in. Doc shares his thoughts on the stocks that haven’t moved higher in the last two months, opportunities in small scale producers and portfolio diversification strategies.
- Segment 3 and 4 – Rick Rule, Founder of Rule Investment Media wraps up the show with an extended conversation on the best opportunities he sees in resource stocks. We discuss the funding environment for development and junior companies, optionality plays and grassroots exploration stocks. Click here to have Rick rank your metals stocks.
Click here to register for Rick’s upcoming conference in Boca Raton, Florida, on July 7-11th.
Upcoming live event! May 23rd at 11:30am PDT Fury Gold Mines – Updated Resource Estimate At Eau Claire, High-Grade Gold Portfolio in Low-Risk Jurisdictions* * Tim Clark, President and CEO, and Bryan Atkinson, Senior VP Exploration, will join me to recap the recently updated Mineral Resource Estimate at the Eau Claire Project as well as provide a full overview of the Company. The updated Resource is now just under 2million gold ounces.
Click here to register and tune in live!
DocRick Rule
Dave Erfle, Editor of The Junior Miner Junky joins us to discuss a wide range of M&A activity in the resource sector. A mega deal between BHP and Anglo American was recently announced, with smaller deals like a merger between Treasury Metals and Blackwolf Copper and Gold, McEwan Mining acquiring Timberline Resources, Contango Ore taking over HighGold Mining, and SilverCorp taking over Adventus Mining have all been announced in the last two weeks.
We ask Dave how he invests around M&A. Many of these transactions are being considered take-unders considering how much stock prices have dropped. We discuss the many reasons for any M&A deal and what the acquiring company needs to do to advance post transaction.
Click here to visit The Junior Miner Junky website to follow along with Dave.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review his key takeaways from the Deutsche Goldmesse conference in Germany, hosted by friend of the show Kai Hoffman. Erik is also increasingly getting more bullish on the copper supply/demand fundamentals and starting to look at positioning in more copper junior stocks.
Erik highlights 2 copper junior stocks that he is starting to get positioned in: Hot Chili (ASX: HCH) (TSX.V: HCH) (OTCQX: HHLKF) and Hannan Metals (TSXV:HAN)(OTCPK:HANNF). He outlines the value proposition he sees in both companies, and contrasts the different stages and risk/reward profile that each company has at this point.*
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
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Click here to visit Erik’s site – The Hedgeless Horseman
Tara Christie, President and CEO of Banyan Gold (TSX.V:BYN – OTCQB:BYAGF) joins me to provide more information on this year’s exploration program at the AurMac Gold Project, in the Tombstone Belt in the Yukon.
The Company is planing up to 5,000 meters of drilling focused at the higher-grade areas on the Powerline Deposit and expanding the resources at the Powerline and Airstrip Deposits. The Airstrip Deposit was last drilled in 2020 and has a higher average grade than the larger Powerline Deposit.
The total resource was updated last year, now at 7million ounce of gold, inferred. The work outside of drilling will also continue to de-risk the resource through metallurgical work, environmental baseline studies and internal scoping level engineering.
If you have any follow up questions for Tara please email me at Fleck@kereport.com.
Click here to visit the Banyan Gold website to learn more about the Company.
Martin Turenne, President and CEO of FPX Nickel (TSX.V:FPX – OTCQB:FPOC) joins me to discuss the recent news on large-scale pilot plant testwork at the Baptiste Deposit. This testing was completed to confirm results from pilot-scale testwork, to feed into the upcoming Feasibility Study (“FS”).
I ask Martin how the results compare to earlier stage testwork. We also discuss the downstream possibilities for the material.
The Company also announced an expansion of the Generative Alliance with JOGMEC to evaluate projects around the world. In year 2 the budget has been increased from $650,000 to $1,500,000. I try to get as much information as I can out of Martin regarding what the alliance is looking for and what the “5 international and 3 Canadian jurisdictions” are.
If you have any follow up questions for Martin please email me at Fleck@kereport.com
Click here to visit the FPX website and read over the corporate presentation.
Craig Hemke, Editor of TF Metals Report joins us to discuss the move higher in gold, silver and copper to start the week.
On the gold front, Craig updates us on the CoT reports over the past 2 weeks that have strangely not moved while price was correcting.
For silver, there are some very defined key levels to watch for silver, with $30 being the ultimate possible breakout. As much as people follow the gold to silver ratio, Craig also points to copper as being a metal that if it continues higher could also take silver along for the ride.
Click here to visit Craig’s site – TF Metals Report.
Shane Williams, President and CEO of West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins me to review some its ongoing Madsen mill cleanup and gold recovery at its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. We also get into an exploration update at the Madsen and Rowan properties, and basic roadmap to development and an eventual mine restart.
We start off discussing the news released to the marketplace May 2nd where the Company is continuing with the Madsen mill cleanup. Last year they carried out a preliminary phase of the Gold Recovery Program in late 2023 that recovered 415 troy ounces of gold with proceeds of approximately $750,000. However, based on the significant amount of gold recovered during the initial investigation, a second and more comprehensive phase of the Gold Recovery Program was initiated in early 2024 with a focus on the ball mills and the semi-autogenous grinding (“SAG”) mills. The SAG mills are the primary or first stage grinder for material entering the mill, which is then followed by the secondary ball mills. It is anticipated that the Company may recover at least 2,500 oz Au from the clean up.
We reviewed that the previous operator had ongoing reconciliation issues between the mined ore and the milled ore at the Madsen Mine made, but further review has shown they had made significant mistakes building the mine and mill, which are fixable. This process has helped their team understand the technical flow better and this also addresses that they’ll be able to solve many of the reconciliation issues between mined and milled ore upon a development and mine restart scenario. The next big step in this understanding and economics around the project will be in the Pre-Feasibility Study, due out by the end of this year.
We also took time to review the potential to keep growing resources at depth at Madsen both at depth with areas like the South Austin Zone and 8-Zone, but also at surface with new targets emerging at the Confederation Assemblage of rocks. This is similar to the geology that Great Bear Resources had explored in Red Lake, and changed the understanding of what rock packages could contain gold in the area. Additionally, up to 15,000m of surface drilling is to be completed at the Rowan Property with a focus on growth and expansion on the existing high-grade mineral resource
If you have any follow up questions for the team over at West Red Lake Gold please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of West Red Lake Gold Mines at the time of this recording.
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Click here to visit the West Red Lake Gold website and read over the recent news we discussed.
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Darrell Fletcher, Managing Director Commodities at Bannockburn Capital Markets joins me to share outlook for copper, natural gas and oil.
I ask about demand factors and how those play into near term pricing. With Copper, there have been some new larger companies trying to enter the space all with the outlook that supply will not meet demand in the foreseeable future.
On the energy front, natural gas has broken above $2 but Darrell is not seeing this as sustainable. He points to the cash market which is trading much lower. Oil is back below $80/barrel but largely in a 2 year trading range. I ask about downside price protection an breakout potential to over $100.
Click here to learn more about Bannockburn Capital Markets.
This is the replay of the May 2nd webinar featuring Snowline Gold (TSX.V:SGD – OTCQB:SNWGF). Scott Berdahl, CEO of Snowline, joins me to discuss the regional exploration opportunities at the Company’s projects in the Yukon, in the Tombstone Gold Belt.
We discuss target on the Rogue Property, outside of the Valley Discovery, and targets on other projects the Company holds.
The first webinar, on April 18th, Scott and I focused on the Valley Discovery. Click here to view the recording of that webinar.
Please keep sending me your questions as I will have Scott back on to continue this series of webinars and mix in some Company Updates on the back of news. My email address is Fleck@kereport.com.
Click here to visit the Snowline Gold website to learn more about the Company.
Kyle Floyd, CEO and Chairman of Vox Royalty (TSX: VOXR) (NASDAQ: VOXR), joins us to review their growth strategy for 2024, after a record 2023 in operational results, revenues, and cash flows on a per share basis from their portfolio of royalties. We also outline a few partner project updates that represent deep longer-term value in their royalty portfolio.
We lead off with some of the points that Kyle made in their investor letter, released on April 25 titled “On the Path of Totality.” In this annual letter to shareholders Kyle summed things up well with this passage:
“…much of North America has been caught up in the Total Solar Eclipse,with many people flocking to the narrow band of geography that lies on the Path of Totality. What caught my mind was a news article that expounded on the high costs of hotels at certain hot spots to watch the eclipse and the late-comers paying very high prices. The thing with solar events is that the right scientists and mathematicians can forecast these events with amazing accuracy decades and sometimes millennia in advance. In the last few months, more and more people have gotten caught up in the mania and paid a higher price for late planning and forecasting. In my personal life, career, and especially at Vox, I have always attempted to forecast and plan ahead. It’s something that our executive team also innately embraces and focuses on. Much more time is spent talking about tomorrow versus today because the returns generated today were paved by yesterday’s hard work. As a result, sometimes we have been early on our corporate strategy without immediate reward for what, similar to a total eclipse, can be readily calculated and expected well in advance. This is the phenomenon that I believe we are experiencing with our portfolio of royalties in Australia. The value that is readily apparent to us and can be forecasted with high confidence is not being valued appropriately at present, resulting in an opportunity for those willing to do the math in advance and make appropriate preparations.”
Expanding upon this premise, we have Kyle outline one of the assets in the Vox Royalty portfolio that was acquired last year that they see on this pathway to clear value – the royalty on Norther Star’s Red Hill mine. Recent news released by Northern Start highlights a significant exploration and development update for the Red Hill gold project in Western Australia, with a 58% resource upgrade, a maiden reserve declaration, and further disclosure around development assumptions. Vox management estimates that this Red Hill gold royalty has the potential to generate approximately US$10 millionin initial annual revenues, over a potential mine life that is still to be determined by Northern Star. Kyle makes the point that this is a prime example of the kind of royalties the companies has focused on acquiring that provide solid returns on invested capital.
We wrap up discussing the health of the Company balance sheet, the optionality they have to make accretive acquisitions in the year ahead, and some ways of thinking about how to value their current portfolio of royalty assets.
If you have any follow up questions for Kyle and the team at Vox, then please email us at Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Vox Royalty at the time of this recording.
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Click here to visit the Vox Royalty website and read over the recent news releases.
On April 25th, Newcore Gold (TSX.V:NCAU – OTCQX:NCAUF) released a maiden Preliminary Economic Assessment (“PEA”) from the Enchi Gold project, in Ghana. Some of the key headline numbers include;
- After-tax NPV5% of $371 million, after-tax IRR of 58% at $1,850/oz Gold,
- Average annual gold production of ~120,000 ounce,
- LOM operating costs (1) estimated at $801/oz of gold, cash costs (2) estimated at $934/oz of gold, LOM all-in sustaining costs (AISC) (3) estimated at $1,018/oz of gold,
- Initial capital costs estimated at $106 million (including a 20% contingency)
Luke Alexander, President and CEO of Newcore joins me to recap the PEA numbers and discuss what comes next in terms of catalysts for the Company. We also discuss valuation metrics.
If you have any follow up questions for Luke please email me at Fleck@kereport.com.
Click here to read over the full news release announcing the PEA.
Welcome to The KE Report Weekend Show! After a week where we had a Fed meeting, jobs data and big tech earnings the markets didn’t do much. So we take the approach in the first two segments on looking globally and at economic data to understand the key trends. Then we switch to resource stocks recapping M&A, financings and specific company opportunities.
- Segment 1 and 2 – Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc to Market joins me to recap the Fed meeting, jobs data, inflation trends, and global factors out of Japan and China. We also tie in the China trends with copper.
- Click here to visit the Marc to Market website.
- Segment 3 and 4 – Joe Mazumdar, Editor of Exploration Insights wraps up the show discussing recent M&A deal and the financing environment for metals stocks. I ask about the investment angle on small royalty companies, silver producers who may be turning profitable and opportunities in Argentina.
- Click here to learn more about Resource Insights. If you invest in metals stocks it is a very valuable resource.
Marc Chandler Joe Mazumdar
Doug Ramshaw, President of Minera Alamos (TSX.V:MAI – OTCQX:MAIFF), joins us for a comprehensive review of the Santa Mine operations and production expansion in 2024 in Sonora, Mexico; as well as the further derisking work going on, while awaiting the permits, at the Cerro De Oro gold development project in Zacatecas, Mexico.
At Santana, the Company has completed plans to optimize the use of existing installed leach pad capacity to boost production on a go forward basis. As outlined in a February 22nd release, these plans involve mining and stacking of approximately 25,000 oz of gold over a 12-month period that will commence in May 2024 and should see a significant improvement in gold production relative to 2023 levels, beginning in Q3 and extending through to into 2025 before an expected normalizing of operations at Santana thereafter. Following the conclusion of planning with the Company’s existing mine contractor, their operating fleet and infrastructure has been updated (mining and crushing) to suit the current mine plans for the Nicho Main pit. Blasthole drilling is underway with mining operations to follow.
The company is still advancing permitting, engineering, metallurgical work, geological, and other geotechnical work to continue to de-risk the Cerro de Oro Gold Project as it moves down the pathway into production as the Company’s second operating gold mine. Initial projections were for this mine to produce 60,000 ounces annually for 8+ years, but Doug also highlights the upside potential through exploration and resource expansion, as well as the leach pad capacity, where the goal is to see if the potential is there to eventually push production to upwards of 80,000 – 90,000 ounces per annum over more like 11-12 years. Engineering work continues to progress for Cerro de Oro in order to advance pre-development activities to coincide with the ultimate receipt of permits and a construction decision for the project.
Wrapping up, we also discussed the news about the recent acquisition of the Suaqui Verde copper project will allow the Company to start a series of internal engineering studies aimed at the best path(s) for the development of a regional copper developer/producer focused on low capital intensity copper projects. The combination of Los Verdes, Poteritos and Suaqui Verde allows for further consolidation of similar type assets that could form a regional copper production “hub” in the area where the Company already maintains a significant presence.
Please email us with any follow up questions for Doug regarding Minera Alamos. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Minera Alamos at the time of this recording.
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Click here to follow along with the latest news at Minera Alamos
On a week with the Fed meeting, jobs data and major tech earnings it’s fascinating to see the market pretty much flat on the week. Joel Elconin, Co-Host of the Benzinga PreMakret Prep Show, is calling this market schizophrenic.
The markets started off the week by selling off only to be bought back on Thursday and Friday. The weak jobs data on Friday is being viewed as a bad news is good news event.
I ask Joel about the short term technical set up for the S&P. He shares a handful of stocks and sectors that are breaking out or simply in uptrends.
Click here to visit Joel’s PreMarket Prep website to keep up to date with the stocks that catch his eye.
Andrew Thomson. President and CEO of Palamina (TSX.V:PA) joins me to discuss the drill plans and roadmap to drilling the Usicayos Project, in Peru.
The Company is cashed up, after receiving over $3.6million from Winshear Gold. Andrew explains the plans to drill 3,000-5,000 meters at the project. I ask about the type of deposit the Company is looking for and recap some of the recent action in the area out of Barrick Gold.
The Company also recently appointed a new V.P. Exploration, Alvaro Fernandez-Baca and new advisors, Hall Stewart and Jerry Blackwell.
Click here to visit the Palamina website for more information on the Company and the Usicayos Project.
Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins me today to review how he is taking a more defensive posture investing in the general US equities, but seeing more capital rotate into commodity megatrends. He is focused adding resource stock allocations in the cannabis, uranium, copper, palladium, small-cap oil, and gold sectors. For each sector, we review the technical price action of the underlying commodities, the supply/demand fundamentals of those markets, and then drill down into the types of resource stocks that have Sean’s attention. It’s a nuanced discussion where we weave in both the macroeconomic data and geopolitical effects of global trade, to assess the economic health and market expectations around future Fed rate cuts.
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Click here to follow along with Sean’s work at Weiss Ratings Daily
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Click here to learn more about Resource Trader
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Chen Lin, Editor of What Is Chen Buying? What Is Chen Selling? joins me to discuss why he is bullish copper, silver and gold.
On the copper and silver front, Chen points to a range of demand factors he thinks will drive prices much higher. I also have Chen explain the types of copper and silver stocks he is liking. For copper he is starting to move down to the juniors (some for political reasons). For Silver he is looking at the small silver producers that could finally be making money at these higher silver prices.
Click here to visit the Chen Picks website to learn more about Chen’s newsletter.
Michael Wood, President and CEO of Sendero Resources (TSX.V:SEND) joins me to recap drill results from the La Ollita Target At The Peñas Negras Project in The Vicuña District, Argentina, released yesterday May 1st.
3 more holes were released with hole 6 being the headline results intersecting 364m of 0.51 g/t Gold Equivalent “AuEq” from a shallow depth of 34m to the bottom of the hole. The upper part of the hole intersected 114m of 0.84 g/t Gold Equivalent “AuEq” including 22m of 1.61 g/t AuEq.
I ask Michael what the Company has learned about the Project and more so the La Ollita Target through the 6 holes now released. We discuss what the Company will do to vector into the higher grade feeder zone and if other targets on the Project will be tested in follow up programs.
If you have any follow up questions for Michael please email me at Fleck@kereport.com.
Click here to read over the full news release reporting the drill results.
Jordan Roy-Byrne, CMT, MFTA, and Editor of The Daily Gold joined me to discuss his technical outlook for gold, GDX and GDXJ. While early on in a correction, after a strong run to overbought levels, Jordan outlines price levels to watch where the correction could bottom.
We discuss gold’s performance against the 60/40 portfolio and the S&P. I also ask about Jordan’s trading strategy for junior stocks where he explains how he would build cash and rotate money between outperforming and under-performing stocks.
Click here to keep up to date with Jordan on The Daily Gold website.
Matt Badiali, Editor of The New Energy Investor published under the Mangrove Investor joins me to chat battery technology and development.
We start by recapping some of the recent news on sodium batteries, solid state batteries and other minerals being incorporated into new batter development. While we can try to product which battery will become the global standard maybe there is room for a range of batteries developed for different products and uses.
On the investor front Matt shares a trade his in to take advantage of this growth in the battery industry. I ask about the different types of commodities and minerals he thinks will play a larger roll in the energy transition and his time frame for it all.
Click here to visit the Mangrove Investor website to keep up to date with Matt’s New energy Investor newsletter.
More specific stock commentary, this time with Jeff Clark, Editor of The Gold Advisor and Paydirt Prospector!
On this segment we discuss 4 stocks Jeff follows in The Gold Advisor newsletter. We also look ahead to the upcoming Metals Investor Forum on May 9th and 10th in Vancouver. Jeff shares the companies he is bringing to the conference.
The stocks mentioned today are:
- Snowline Gold – TSX.V:SGD – OTCQB:SNWGF
- Dolly Varden Silver – TSX.V:DV – OTC:DOLLF
- Aztec Minerals – TSX.V:AZT – OTCQB:AZZTF
- Vox Royalty – TSX:VOXR – NASDAQ:VOXR
Be sure to check out The Gold Advisor website to see the other stocks Jeff follows. Please email is you would like his thoughts on any of those stocks and if you have any specific questions. My email address is Fleck@kereport.com.
Click here to visit The Gold Advisor website to follow along with Jeff.
Outback Goldfields (TSX.V:OZ – OTCQB:OZBKF) recently announced a shift in focus to Finland, through an acquisition of the portfolio of projects from S2 Resources. This news was announced on March 1st and follow up news on a concurrent $5million financing announced on April 25th.
Chris Donaldson, President and CEO of Outback joins me to provide more information on the deal, which includes an option for S2 to earn into the Outback projects in Australia.
We discuss the portfolio of Finnish projects, all located in the Central Lapland Greenstone Belt, where Agnico, Rupert Resources and Aurion Resources are all active. See the map below from the March 1st news release to view the location of the projects.
We start with the Panna Project and how the Company will follow up on an early stage discovery. We also discuss the JV agreements in place with Kinross and Rupert Resources. We then tie in the $5million financing and what the post-financing valuation will be.
If you have any follow up questions for Chris please email me at Fleck@kereport.com.
Click here to visit the Outback Goldfield website to read over the news release outlining this deal.
Figure 1: Map showing the distribution of S2’s project portfolio with respect to significant projects and companies in the district.
Upcoming live events! May 2nd
Snowline Gold webinar – 12-noon PT – Regional Exploration Potential In An Emerging Gold District – Click here to register
In my effort to bring you all more company specific commentary I reached out to Adrian Day, President of Adrian Day Asset Management and manager of the Euro Pacific Gold Fund, to comment on a couple companies he recently updated his clients on.
Adrian shares his thoughts on two prospect generators, Lara Exploration (TSX.V:LRA) and Midland Exploration (TSX.V:MD), as well as one royalty company, Orogen Royalties (TSX.V:OGN).
I will have Adrian back on the show to discuss a few more companies next month so stay tuned!
Click here to learn more about Adrian Day’s services.
Upcoming live events! May 2nd
Snowline Gold webinar – 12-noon PT – Regional Exploration Potential In An Emerging Gold District – Click here to register
As pretty much every market is red today in this segment I focus on the pullback in gold, silver and the gold stock ETFs, GDX and GDXJ. Dave Erfle, Fonder and Editor of the Junior Miner Junky joins me share his outlook when it comes to prices for the precious metals and the equities.
We outline key levels to watch, that are currently support, and how the upcoming Fed meeting and jobs data could be the next catalyst.
I also ask if broad market weakness could impact the metals equities as well as the news Dave is looking for to drive individual stocks higher. We wrap up with a comment on smaller silver miners and if Dave is looking at investing in these stocks now that the silver price is in the high 20s.
Click here to visit Dave’s website – The Junior Miner Junky.
Matt Schwab, CEO of Kraken Energy (CSE:UUSA – OTCQB:UUSAF – FSE:F2C) joins me to recap the two drills holes at the Harts Point Property, in Utah, and look ahead to future exploration at the Company’s projects in Nevada.
The drilling at Harts Point consisted of two holes, twinning historic holes, to confirm the presence of uranium. This property in under a Joint Venture with Atomic Minerals, where Kraken is earning into a 75% interest. Matt provides a overview of the earn-in agreement, the drill program and what these results mean for follow up work.
I then have Matt look ahead to future exploration that will be going back to the Company’s flagship project, the Apex Uranium Mine in Nevada. We also the stock price that has continued to drift lower.
If you have any follow up questions for Matt please email me at Fleck@kereport.com.
Click here to visit the Kraken Energy website and read over the recent news.
Yesterday, April 29th, Volt Lithium (TSX.V:VLT – OTCQB:VLTLF) announced a strategic investment from an oil field operator in the Delaware Basin, for a total US$1.5million. The key to this news is Volt now moving forward with a “field unit that will produce lithium hydroxide monohydrate using Volt’s proprietary direct lithium extraction (“DLE”) technology”
Alex Wylie, President and CEO of Volt Lithium joins me to discuss the field unit and potential operational data when in use. Alex outline how this first field unit is more of a stepping stone to grow larger units. The data produced from this initial field unit can be send to EV makers to generate off take agreements as the units and production grows.
If you have any follow up questions for Alex please email me at Fleck@kereport.com.
Click here to visit the Volt website and read over the recent news.
Welcome to another episode of Stock Talk! Quinton Hennigh, Geologist, private investor and geologic advisor to Crascat Capital joins me again to discuss 4 stocks you have all sent to me. We focus mostly on exploration companies, with one silver producer mixed in at the end.
Quinton shares his thoughts on the following companies in this order…
- Kingfisher Metals – TSX.V:KFR, OTCQB:KGFMF
- Eskay Mining – TSX.V:ESK, OTCQX:ESKYF
- Arras Minerals – TSX.V:ARK
- Santacruz Silver – TSX.V:SCZ, OTC:SZSMF
Please keep sending me the companies you would like Quinton to comment on. My email address is Fleck@kereport.com.
Upcoming live events! May 2nd
Snowline Gold webinar – 12-noon PT – Regional Exploration Potential In An Emerging Gold District – Click here to register
Mike Stark, Chairman, President and CEO of Arizona Gold & Silver (TSX.V:AZS – OTCQB:AZASF) joins me to discuss the RC drill program that started on April 10th on the Company’s Philadelphia Gold-Silver Project, in Arizona. The program is focused at the Resaca Claim, a 400 meter gap in the drilling from past programs. See the map posted below (from the April 10th news release) to view the location of the Resaca Claim.
I have Mike outline the overall goals of the drill program. We also discuss how the Company will prioritize following drilling balanced between extending mineralization to the south or drilling deeper.
If you have any follow up questions for Mike please email me at Fleck@kereport.com.
Click here to visit the Arizona Gold & Silver website to read over all the recent news.
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to share his view on the recent market weakness and the precious metals (and commodities) outperforming for the last almost 2 months.
We start with TG’s assessment of the markets and if the correction this month is a natural correction or the start of a larger downtrend. We discuss the mixed moves in large tech stocks and the pullback in AI chip manufacturers. We also discuss time frame of the market pullback, which happened on the first day of Q2.
We then move to the sectors that are outperforming the market, which are commodities. We focus mostly on gold. Is this sideways move simply a consolidation of the recent gains?
Click here to visit the Profit Pilot website to keep up to date with what TG is trading.
Claudia Tornquist, President and CEO of Kodiak Copper (TSX.V:KDK – OTCQB:KDKCF – FRA:5DD1) joins me to discuss a new copper porphyry discovery on the MPD Project, in south central BC, and recap the final drill results from the 2023 exploration program. All of this news was reported in the most recent news release from April 25th.
We start with an overview of the new porphyry discovery in the 1516 Zone. For a visual of the possible size of the porphyry see Figure 2 from the news release posted below. I ask about grade in the initial discovery hole and the Company’s plans to follow up.
We also discuss the strategy moving forward balanced between following up at the 1516 Zone, testing other targets across the Project, and even going back to the Gate Zone and growth mineralization there.
If you have any follow up questions for Claudia please email me at Fleck@kereport.com.
Click here to visit the Kodiak Copper website to read over all the recent news.
Figure 2: MPD South plan map showing new 1516 Zone and 2023 holes with assays at 1516, West and South Zones (yellow traces). Bar graphs show downhole copper (green) and gold (red). Background is colour contour historic copper-in soil data.
Francois Motte, CFO of Aclara Resources (TSX.V:ARA) joins me to outline the Company’s strategy to vertically integrate by developing rare earth separation capabilities in the United States. This news was announced on April 3rd.
I have provided update on Aclara Resources (TSX:ARA) as the Company has defined heavy rare earth deposits (ionic clay) in Chile and Brazil. The Company also recently received an investment by CAP S.A. (a large Chilean iron-ore producer and manufacturing company). Now Aclara is starting this insinuative to create its own separation capabilities is not the next step in vertically integrating,
I ask Francois how this vertical intermigration will cut out a middle company and improve the value proposition for investors. I also ask about any competitors outside of China and what steps will come next for the Company.
Click here to visit the Aclara Resource website and read over all the recent news.
Welcome to The KE Report Weekend Show! On this Weekend Show we mix it up bey discussing a couple important company developments in precious metals stocks and for the active traders, a number of ways to trade the recent pullback in the markets.
- Segment 1 and 2 – Brian Leni, Founder of the Junior Stock Review kicks off the show discussing the G Mining and Reunion Gold merger as well as AbraSilver Resource financing with Barrick Gold. We also chat about portfolio management focused on resource stocks and diversification.
Click here to visit Brian’s site – Junior Stock Review.
- Segment 3 and 4 – Dana Lyons, Fund Manager and Editor of the Lyons Share Pro wraps up the show sharing his trading strategies for a wide range of sectors. We talk hedging strategies, market leadership, international markets, commodities, gold and copper miners, oil equities, uranium and Bitcoin.
Click here to visit The Lyons Share Pro website to follow along with Dana.
Brian LeniDana Lyons
Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins me to review the key takeaways from the Q1 2024 production and operations report, the key synergies with the ongoing acquisition of Goldsource Mines (TSXV:GXS)(OTCQX:GXSFF), and a review of the exploration strategy this year in Nicaragua.
We started off recapping how the results have been steadily ramping up and improving ever since the Company received the permit to begin extracting ore from Las Conchitas the middle of last year, and that, like Q4 of 2023, Q1 of 2024 demonstrated the solid operational performance and execution at the San Albino Mine.
Q1 2024 Production and Financial Highlights
- Record 67,961 tonnes mined containing 13,965 ounces of gold (“oz Au”) at a blended grade of 6.39 grams per tonne gold (“g/t Au”) and 15,718 ounces of silver (“oz Ag”) at a grade of 7.19 grams per tonne silver (“g/t Ag”)
- 25,374 tonnes mined containing 9,664 oz Au at 11.85 g/t Au and 9,919 oz Ag at 12.16 g/t Ag from diluted vein material
- 42,587 tonnes mined containing 4,301 oz Au at 3.14 g/t Au and 5,799 oz Ag at 4.24 g/t Ag from historical dump and other mineralized material above cutoff grade (“historical dump + other”)
- 22.7:1 strip ratio
- 52,478 tonnes milled containing 12,266 oz Au at a blended grade of 7.27 g/t Au and 14,071 oz Ag at 8.34 g/t Ag
- 36% and 64% from diluted vein and historical dump and other, respectively
- 606 tonnes per day (“tpd”) milled at 96% availability
- Recoveries of 80.6% for gold in Q1 2024
- 150,744 tonnes in stockpile containing 12,465 oz Au at a blended grade of 2.57 g/t Au
- 10,070 oz Au Equiv. recovered and 9,332 oz Au. Equiv. sold during the quarter
- Delivered 40,500 oz of silver on the Sailfish Silver Loan for a total of US$ 0.9 million during Q1 2024
- Entered into an environmental settlement and release agreement with GR Silver comprising US$0.5 million and the issuance of 296,710 common shares of Mako
- C$ 2.8 million in share repurchases equating to 1 million shares at an average price of C$ 2.80 so far in 2024
- Aprox. US$ 3.0 million increase in cash balance in Q1 2024 vs. Q4 2023
Next the discussion transitioned into the synergies for scalable growth with the acquisition of Goldsource Mines, and their 100% owned Eagle Mountain Gold Project in Guyana, South America. Akiba outlines how the combined company will bring together two experienced management teams, that have worked together as colleagues going back nearly two decades, the optional savvy of the team that COO, Jesse Muñoz has assembled, and the geographical and asset diversification. We also review the district-scale exploration potential in Guyana, the recent acquisition of Reunion Gold in country by G Mining Ventures, and Guyana as an emerging mineral extraction jurisdiction.
We wrap up with Akiba providing a big picture overview of the exploration initiatives for 2024 in Nicaragua, with 4 RC drill rigs turning at present, and 1 diamond core rig, with plans to add 2 more core rigs as the year progresses, providing a great deal of data with more efficiency to keep expanding resources around San Albino, Las Conchitas, and regionally.
If you have any further questions for Akiba regarding Mako Mining, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Mako Mining at the time of this recording.
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Click here for a summary of the recent news out of Mako Mining.
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market blog, joins us to discuss some of the moves in global currencies, recent US economic data for GDP growth and the PCE inflation deflator metrics, commodities inflows, wage growth, corporate profits, and how this all ties into central bank policies. We note the continued strength in the US dollar, and the major weakness in the Japanese Yen, and what implications those may have on the global economy, and interest rates in the respective countries.
With corporate profits remaining very high, and the general US equities holding up near all-time highs, and dips continuing to be bought, we probe whether there is anything that may change the tone of the markets or the central bank outlook. Marc outlines that with the weaker than expected GDP growth, and weakness in service PMI jobs, that if we also see a weaker than expected jobs report next week, that it could moderate the Fed’s confidence, and possibly accelerate the plans to start cutting rates later in the year.
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Click here to visit Marc’s website – Marc to Market.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap this week’s US economic data and key tech earnings.
The market did not like the slower GDP growth, reported on Thursday, but Friday was a different story after some major tech earnings. The market was due for a correction, which started this month, but is already being bought back. We ask Joel to make sense of this month’s moves, being either bearish or bullish.
We also ask about commodities, financials and what to look for next week with the Fed.
Click here to visit the PreMarket Prep website to follow along with Joel.
The Westside Target, on the Tombstone Project in Arizona, is a new gold-silver exploration target announced on April 22nd by Aztec Minerals (“Aztec” or the “Company”) (TSX.V:AZT & OTCQB:AZZTF).
Simon Dyakowski, President and CEO of Aztec joins me to discuss this new target and the start of the 2024 exploration program on the Tombstone Project. Refer to Figure 1 from the news release posted below to see the location of the target on the project. I ask Simon about follow up work on when the target will be drilled. This ties into the start of the 2024 exploration program at Tombstone.
If you have any follow up questions for Simon please email me at Fleck@kereport.com.
Click here to visit the Aztec Minerals website.
Figure 1- Tombstone Property – Westside Area and 1982 Planned Pit Expansion for Gold-Silver Oxide Shallow Mineralization
Doc Jones, private activist resource investor and influencer on Ceo.ca and X/Twitter, joins me to discuss some of the opportunities he is seeing in the gold, nickel, copper, and zinc resources stocks. He highlights the value proposition he is attracted to in the specific companies: Omai Gold Mines (TSX.V: OMG) (OTCQB: OMGGF), Magna Mining (TSX.V: NICU) (OTCQB: MGMNF), and Emerita Resources (TSX.V: EMO) (OTCQB: EMOTF).*
*In full disclosure, Doc Jones holds a position in these companies discussed at the time of this recording, but is not compensated by any company to market them. These are simply his views and opinions as to why he likes investing in them, but this is not investment advice.
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Click here to follow Doc Jones on Ceo.ca
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Click here to follow Doc Jones on X/Twitter
Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins us to review some of the recent high-grade gold drill results returned from the South Austin Zone at the Madsen Gold Project, and to map out the many other exploration targets on tap for drilling in 2024 at Madsen and at the Rowan Project, in the Red Lake district of Ontario, Canada.
We started off having Will share the main takeaways from the news release April 18th, where definition drilling was focused on the high-grade South Austin Zone. Drill Hole # MM24D-07-4198-001 intersected 1.1 m @ 68.36 g/t Au, from 74.25m to 75.35m, Including 0.5 m @ 145.44 g/t Au, from 74.85m to 75.35m. Then Drill Hole # MM24D-07-4198-002 Intersected 3.95m @ 13.83 g/t Au, from 7.55m to 11.5m, Including 0.5m @ 105.72 g/t Au, from 7.55m to 8.05m. Just this South Austin Zone alone currently contains an indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au. The purpose of this drilling was definition within South Austin to continue building an inventory of high-confidence ounces for eventual restart of the Madsen Mine.
Next we discussed how the exploration strategy at Madsen has been focused at the North Austin Zone, the Main Austin Zone, and the South Austin Zone because it is the ideal mineralized area to exploit in a mining restart scenario in the second half of 2025. We also review the potential at depth at Madsen with both the South Austin Zone still open, and then some underground drilling work planned for this summer at the 8-Zone, underneath the McVeigh Zone. Underground drilling of these targets will allow the exploration team to follow up on these areas with more accuracy, and much more efficient holes, than trying to drill from surface as prior operators had done. There will be a lot of exploration work and metallurgical testing completed at the Madsen Gold Project this year, further derisking and delineating the project, to optimize a potential mine restart next year.
Lastly, Will mentions that the next phase of drilling will be commencing at the Rowan Property in a couple months, following up on last year’s drilling, and testing a number of new targets at this growing resource area; that will augment the larger Madsen Mine restart plan.
If you have any follow up questions for the team over at West Red Lake Gold please email us at Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of West Red Lake Gold Mines at the time of this recording.
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Click here to visit the West Red Lake Gold website and read over the recent news we discussed.
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Jordan Roy-Byrne, Founder of The Daily Gold, joins us to review both his near-term and medium-term technical outlook for gold and silver, the changing investor psychology around gold mining stocks, and how he looks at optionality in the silver stocks. We start off noting the recent weakness to kick off this week on the precious metals charts; which was to be expected after such a big move the last few months to overbought levels. In the medium to longer-term Jordan is not concerned by the consolidation and still sees measured moves up to $3,000-$4,000 in gold depending on how one extrapolates out the large 13 year cup and handle pattern.
We then shift over to discussing the mining stocks where Jordan advises not chasing the “rhino-horn” charts with steep vertical moves, as they usually represent short-term termination events, before correcting, basing, and building the next leg higher. He goes on to make the case that investor psychology around gold stocks is gradually changing, as people come around to the reality that gold prices are remaining higher, and so pullbacks will be bought and less severe than we’ve seen the last few years. While Jordan is still most animated by the quality growth-oriented gold producers, and quality gold developers of size, that are within 1-2 years of getting their mine built and into production; he also likes the silver optionality plays with quality ounces in the ground that could have more torque to get rerated higher on rising metals prices.
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Click here to visit Jordan’s site – The Daily Gold.
Jesse Felder, Founder or The Felder Report joins us to explain why he thinks markets are in for a much larger correction and the economy is not as strong as the reports. Looking at some of the underlying data like high insider selling, weak breadth, inflation remaining high and a number of other factors that are telling him markets could be weak for quite a while.
The overall theme Jesse is looking for in the market is the continued shift toward hard assets and away from financial assets.
Click here to visit The Felder Report website to follow along with his economic and market commentary.
On April 16th, Vizsla Silver (“Vizsla” or the “Company”) (TSX.V:VZLA & NYSE:VZLA) announced the acquisition of a large claims package to the south of the Panuco Project, in Mexico. These claims are known as the “El Richard – San Enrique claims”. This news comes on the back of the March 28th news release where the Company acquired a new silver district to between Panuco and the San Dimas Mine. See Figure 1 from the April 16th news release, posted below, to see the location of both the acquired land packages.
Mike Konnert, President and CEO of Vizsla joins me to provide an overview of the newly acquired El Richard – San Enrique claims and outline the Company’s strategy moving forward balancing out continued exploration vs a move toward production. This is key to understand as the Company is growing up, past being simply an explorer with a PEA coming in the near term.
Please email me with any follow up questions you have for Mike. My email address is Fleck@kereport.com.
Click here to visit the Vizsla Silver website and read up on all the recent news.
Figure 1: Location map of the San Enrique Prospect, Panuco Project and La Garra.
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTCQX:ABBRF), joins us to outline the key news this week of a strategic C$20 million non-brokered private placement of AbraSilver common shares with major gold producer Kinross Gold Corporation (NYSE: KGC) (TSX: K) and major utility company and affiliate of Central Puerto SA (NYSE: CEPU) at a subscription price of C$0.40 per Common Share. Upon closing of the Private Placement, Kinross and Central Puerto will each own approximately 4.0% of the outstanding Common Shares on an undiluted basis.
As part of this strategic investment, there is also the creation of an Investor Rights Agreement with Kinross, where AbraSilver and Kinross will form a regional partnership to jointly explore for and acquire new projects in Argentina focused on silver, gold, and copper. John pointed out that there is also going to be an exchange of expertise and specialized knowledge where AbraSilver will enter into an Investor Rights Agreement with each of Kinross and Central Puerto that includes, among other things, standard anti-dilution and equity participation rights and the formation of a Technical Advisory Committee and a Strategic & Operational Committee.
Through this transaction, AbraSilver will be well-funded for a dual strategy to aggressively advance its wholly-owned Diablillos project in Salta Province, Argentina project towards a production decision and to accelerate their exploration efforts moving forward. John shares some of the initiatives the Company will pursuing by further exploring the JAC North, Alpaca, Fantasma, and Ladera targets, along with going after larger step out discovery targets north of the Oculto. We also review the improving attitudes to mining in country over the last few years and the benefit of the project being in the mining friendly province of Salta in Argentina.
If you have any follow up questions for John regarding at AbraSilver, then please email us at Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver at the time of this recording.
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Click here to visit the AbraSilver website and read over the most recent news releases.
Welcome to another segment of Stock Talk.
I am joined again by Quinton Hennigh, Geologist, private investor and geologic advisor to Crescat Capital. We focus this week on Lion One Metals, New Found Gold, Aftermath Silver and Abrasilver.
Please keep sending me the companies you want Quinton’s thoughts on and we will keep this series going. Next week we will be back with thoughts on 4 more companies. My email address is Fleck@kereport.com.
Dave Erfle, Editor of The Junior Miner Junky, joins us to review the pullback in precious metals and that there have still been 3 significant gold stock transactions to kick off this week. We start off looking at both the near-term and longer-term technical support and resistance levels in gold, and the gold stocks via the ETFs GDX and GDXJ.
Next we pivoted over to 2 M&A deals of note; with Dave giving his take on G Mining Ventures (TSX: GMIN) (OTCQX: GMINF) moving to acquire Reunion Gold (TSXV:RGD) (OTCQX:RGDFF), in more of a merger of equals, and then New Found Gold (TSX-V: NFG) (NYSE-A: NFGC) making a move to acquire Labrador Gold’s (TSX-V: LAB) (OTCQX: NKOSF) Kingsway Project.
We wrap up with Dave weighing in on the positive financing transaction from AbraSilver Resource Corp (TSXV: ABRA) (OTCQX: ABBRF) with a strategic C$20 million non-brokered private placement with Kinross Gold Corporation (NYSE: KGC) (TSX: K) and an affiliate of Central Puerto SA (NYSE: CEPU), and the formation of a regional partnership between AbraSilver and Kinross to jointly explore for and acquire new projects in Argentina focused on silver, gold, and copper.
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Click here to visit Dave’s site – The Junior Mining Junky.
I am joined by Taj Singh, President and CEO, and Adam Cegielski, Chief Development Officer of First Nordic Metals (TSX.V: FNM) (OTCQB: FNMCF), to introduce the new pro-forma Company. We review how the Barsele / Gold Line merger came together last month, to create a combined company with a leading gold portfolio; underpinned by the advanced stage Barsele Gold Project and one of the largest consolidated gold exploration portfolios in Scandinavia, both in Sweden and in Finland.
The flagship of the portfolio is the 2.4 Moz Au Barsele Gold Project (NI-43101, all categories), in a JV with Agnico Eagle Mines Ltd.; and the 100% ownership of 100 km of strike along the Gold Line Belt surrounding Barsele Project. There are multiple exploration targets already identified, that have had significant work in the past, and a high potential for new discoveries. The Company holds a 100,000-hectare district-scale position in Sweden covering almost the entire Gold Line belt and a significant portion of the Skellefte VMS (volcanogenic massive sulphide) belt and covering a +100km belt position of regional first-order structural corridors.
We discuss how this area of Sweden is a great mining jurisdiction, with proximity to multiple active mines, and just a few kilometers from a recently permitted gold mine. Adam also points out that the government has been making many positive changes to advance mineral exploration, development, and production in Sweden. Taj and Adam highlight the potential for drilling at depth at the Barsele Gold Project, as well as a number of targets regionally around the main resource area. Additionally they review other prospective exploration targets, that have seen prior work, along the broader mineralized Gold Line Belt.
We have both Taj and Adam outline their backgrounds in the mining industry as well as other members of the board and management team, highlighting a technically focused and capital markets driven executive team, with decades of natural resources and mining experience. Wrapping up we get into the capital structure, key stakeholders, and financial setup of the company.
If you have any questions for Taj or Adam, regarding First Nordic Metals, then please email them to me at Shad@kereport.com.
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Click here to follow the most recent news from First Nordic Metals
Announced yesterday, April 22nd, New Found Gold (TSX-V: NFG, NYSE-A: NFGC) has offered $20million in shares to Labrador Gold (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) for the Kingsway Gold Project, in Newfoundland.
Roger Moss, President and CEO of LabGold joins me to outline the terms of the deal and look ahead to what the Company is planning to do in terms of future exploration on its Hopedale Project, in the Florence Lake Greenstone Belt in Labrador.
Please email me any follow up questions you have for Roger. My email address is Fleck@kereport.com.
Click here to learn more about the Hopedale Project.
This is a recording from the live webinar event on April 18th! Click here to register for the May 2nd webinar!
Scott Berdahl, CEO of Snowline Gold (TSX.V:SGD – OTCQB:SNWGF) joined me to focus on the Valley discovery on the Rogue Project in the Yukon. This discovery, first drilled in 2021 has driven Snowline Gold’s market cap to over C$800million.
This webinar is the start of a series of webinars with Scott highlighting Snowline Gold. On May 2nd at 12-noon PT we will be live with the second webinar, focused on regional exploration potential at the Rogue Project and other projects held by the Company.
Click here to register for the May 2nd webinar!
Please send me any questions you have for Scott prior to the webinar. My email address is Fleck@kereport.com. You will also have the ability to ask questions during the live event as well.
Craig Hemke, Founder and Editor of TF Metals Report joins us to comment on the pullback in gold and silver today. Is it geopolitical fears subsiding, the start of a natural correction, or something more?
We also discuss how the precious metals stocks continue to largely disappoint. Craig points to silver and copper needed to establish higher price levels to bring in investors.
Click here to visit the TF Metals report website.
Michael Oliver, founder of Momentum Structural Analysis, joins me to share how he sees the technical momentum setup in the US general equities, gold, precious metals stocks via GDX, silver, SIL, copper, grains, and oil.
We start off getting the nuances and difference in what the pricing chart in the S&P 500 or Nasdaq was showing coming into this month versus the divergence in them momentum framework. Michael noted that as the tech giants continue rolling over, having such a significant presence in the weighted equity indexes, that it is likely signaling a more protracted bear market in US equities, after coming to the end of such a record bull market in length and amplitude.
We then shifted over to his technical outlook on gold, and the gold stocks; where Michael postulates that when the US general equities and bonds do keep rolling over, that a portion of investors will rotate funds into gold, the gold stocks, and the commodities. In addition to remaining constructive on gold, Michael points out that the setup in GDX and the gold equities are signaling a breakout versus gold, and the same is true for the technical setup in silver, the SIL ETF, and silver stocks.
We then move through the overall commodities sector, noting the recent strength in copper and the copper stocks, other base metals trending higher, and also some positive momentum in the agricultural commodities and grains complex. Michael sees a more favorable setup in wheat, corn, and beans than many are anticipating, and could see them becoming more important to the commodity complex indexes, than even oil or the energy stocks on a percentage move higher basis. He believes the second major upleg in commodities has begun.
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Click here to follow along with Michael Oliver’s work
With gold and silver correcting 3% and 5.5% today respectively we had to discuss what is causing this move and what it means for the longer term bull market narrative.
Byron King, Geologist and writer with the Paradigm Press Group joins us to discuss today’s pullback. Byron is very clear in thinking this is is a natural correction after a very strong uptrend over the past almost 2 months.
We also discuss the action in gold and silver stocks. While many of the precious metals stocks have rebounded over the past 2 months pretty much the whole sector is a long way from all time highs. We focus on the stocks that have been moving and ask how long it’ll take for money to filter to all the stocks especially the juniors.
Click here to visit the Paradigm Press Group website to keep up to date with Byron.
Here is the replay of a recent webinar where I featured Novo Resources (TSX:NVO – OTCQX:NSRPF – ASX:NVO). This webinar was recorded on April 18th 2024.
Executive Chairman, Mr. Michael Spreadborough, and General Manager-Exploration, Mrs. Kas De Luca discuss Novo’s highly prospective gold belt located in the Pilbara region of Western Australia which includes its priority Becher project (Egina earn-in/JV with ASX listed De Grey Mining), Nunyerry North project, Balla Balla gold project, exploration in the Karratha region, Belltopper gold project in Victoria as well as battery metal JV’s with SQM Australia Pty. Ltd and Liatam Mining.
If you have any follow up questions for team at Novo please email me at Fleck@kereport.com.
Today Defense Metals (TSX.V:DEFN – OTCQB:DFMTF) released an updated Resource Estimate on the Wicheeda Project, in BC. The Company successfully upgraded the resource into Measured...
Ed Moya, Senior Market Analyst at OANDA joins us to take a look ahead this week to US economic data, the live ECB meeting and...
Welcome to The KE Report Weekend Show. On this Weekend’s Show we are featuring Jesse Felder and Dan Steffens. We start of with a focus...
Walter Coles, Executive Chairman at Skeena Resources (TSX:SKE – NYSE:SKE) joins me to discuss the updated Mineral Resource Estimate at the Snip Project and how...
Craig Hemke reviews the macroeconomic data that matters most to the general markets and precious metals sector.
Brad Rourke, CEO of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF), recaps the first 5 high-grade drill holes released from the 20,000 meter 2023 drill program for the Blueberry Contact Zone at the Scottie Gold Mine Property.
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins me to recap news from yesterday and today reporting more high grade gold...
Nick Hodge reviews the current macroeconomic landscape, and then the energy commodities of oil, copper, and uranium, as well as a look at the precious metals sector.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his thoughts on the charts for gold stock ETFs; GDX and GDXJ....
Dave Cole, President and CEO of EMX Royalty Corp (TSX.V: EMX) (NSYE: EMX), outlines the key milestone of an amended and restated royalty agreement for its Timok royalty property with Zijin Mining.
John Rubino, with a wide-ranging discussion on the macroeconomic environment that will lead to riding multi-part waves in the energy commodities like oil, copper, and uranium.
Alex Wylie, President and CEO of Volt Lithium (TSX.V:VLT – OTCQB:VLTLF) joins me to provide a comprehensive update on the Company’s strategy to develop its...
Fred Bell, CEO of Elemental Altus Royalties (TSX.V:ELE – OTCQX:ELEMF) reviews the Q2 2023 operations and financials numbers, as well as 5 new royalties acquired and 3 new royalties generated organically.
Sean Brodrick reviews why he has been positioning in oil and uranium stocks, as well as the potential for more upside in the artificial intelligence megatrend.
Welcome to the KE Report Labor Day Weekend Show! We hope you all have a great weekend and enjoy the show. This weekend we...
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins us to recap the jobs data and look at the larger picture of how the US...
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins me to recap the market moves in August...
Mike Struthers, CEO of Luca Mining (TSX.V:LUCA – OTCQX:LUCMF – FSE:TSGA) joins me to recap the recent news reporting a Memorandum of Understanding (MOU) with...
Craig Hemke reviews the macroeconomic data that matters to the general markets and precious metals sector.
Dave Erfle, Founder and Editor of The Junior Miner Junky joins us to focus on the precious metals set up now that summer is over....
Welcome to the KE Report Weekend Show. It was a busy week with the BRICS summit, Jackson Hole speeches and weaker than expected US data,...
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap a volitle week for markets....
Matti Talikka, CEO of Aurion Resources (TSX.V:AU) (OTCQX:AIRRF), with a comprehensive exploration update from the Aurion-B2Gold Corp joint venture, as well as the company's 100% owned exploration properties
Brian Leni, Founder and Editor of the Junior Stock Review website joins us to share information on his new video series, Field Notes. Brian will...
Yesterday was a nice reprieve for investors after as most sectors bounced after weeks of downward action. There was a lot of weaker US economic...
Jeff Swinoga, President and CEO of Exploits Discovery (CSE:NFLD – OTCQX:NFLDF) joins me to preview an upcoming webinar, scheduled for next Tuesday August 29th at...
Kenton Ralph Toews, Founder of Youixa Crypto joins us to step away from just talking about Bitcoin and discuss the wide range of cryptocurrencies. With...
Alistair Waddell, President and CEO of Inflection Resources (CSE:AUCU – OTCQB:AUCUF) joins me to discuss the 35,000 meter drill program that began on July 24th...
Ryan King, Senior VP of Corporate Development at Calibre Mining (TSX.V:CXB – OTCQX:CXBMF), unpacks the key takeaways from their Q2 financial and operations results announced August 9th.
John Rubino, with a wide-ranging discussion on BRICS nations initiatives, the effects of higher interest rates, and the energy sector being one of the bright spots in otherwise tough market conditions.
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins us to focus on the US markets and how...
Ed Moya, Senior Market Analyst at OANDA joins us to focus on the continued rise in interest rates. Higher rates directly impact markets especially growth...
Welcome to the KE Report Weekend Show! The downtrend continues so we try to make sense of which direction markets, metals and energy move next. ...
Doc Jones discusses some of the unseen opportunities and potential red flags when digging into resource company economic studies and their proposed plans for the early years of mine life.
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc To Market website joins us to quickly comment on the rollover in...
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the rollover in markets and...
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins me to recap recent news and address the Company’s growth plans to use it’s growing...
Craig Hemke, Editor of the TF Metals Report website joins us to discuss the recent losing streak in gold, what data and events he is...
Mike Spreadborough, Executive Co-Chairman of Novo Resources (TSX:NVO – OTCQX:NSRPF) joins me to provide a comprehensive exploration update across the Company’s Projects in the Pilbara...
Below is Josef Schachter’s Eye On Energy Report. This report recaps key macro data and news for the energy sector. At the bottom there is...
Jason Jessup, CEO of Magna Mining (TSX.V: NICU), unpacks the key Crean Hill PEA takeaways, along with the exploration strategy there and at the Shakespeare Project.
Brandon MacDonald, CEO of Fireweed Metals (TSX.V:FWZ – OTCQB:FWEDF) joins me to recap a few recent news releases reporting drill results and exploration plans at...
Kenorland Minerals (TSX.V:KLD – OTCQX:NWRCF) is a hybrid prospect generator and true exploration Company. The Company has over 10 Projects in the project portfolio located...
Dave Erfle, Founder and Editor of The Junior Miner Junky joins us to focus on the precious metal stock ETFs; GDX, GDXJ and SIL. All...
Matt Badiali, Editor of The New Energy Investor, Published at Mangrove Investor joins us to discuss where and how the billions of dollars allocated from...
Sean Brodrick, reviews the recent bout of market weakness across the board, but still sees opportunities in the energy sector, with oil and uranium stocks.
Jayant Bhandari, private resource investor joins me to focus on the precious metals stocks that have a resource (“ounces in the ground”) but that resource...
Adrian O’Brien, Director of Marketing and Communications at Midnight Sun Mining (TSX.V:MMA – OTC:MDNGF) joins me to introduce this copper and cobalt exploration focused Company...
Ed Moya, Senior Market Analyst at OANDA joins us to focus on the currency markets while tying in China’s struggling real estate market and the...
Dan Steffens, President of the Energy Prospectus Group (EPG) has been coming on our show for over 2 years to share his outlook on the...
Dave Cole, CEO of EMX Royalty Corp (TSX.V: EMX) (NSYE: EMX), updates us on the key recent royalty transactions, with a focus on “discovery optionality” to augment their portfolio of royalties, option properties, and strategic share holdings.
Marc Chandler joins us for a special weekend editorial and review of the macroeconomic data and if it is headed towards the end of a business cycle.
On August 3rd, Fury Gold Mines (TSX.FURY – NYSE:FURY) released the initial results (3 holes) from the 2023 drill program at the Eau Claire Project...
John Rubino with a wide-ranging discussion on inflation, recession, and market implications for general equities, gold, and commodities like oil, copper, and uranium.
Ed Moya, Senior Market Analyst at OANDA joins us to share his view on investor sentiment as he thinks money is rotating into safer investments....
Marc Chandler, Managing Partner at Bannockburn Global ForEx and editor of the Marc to Market website joins us for a special weekend Editorial. We start...
Welcome to the Weekend Edition of the KE Report. On this Weekend’s Show we focus on shorter term outlooks for US markets, metals and energy....
Dave Erfle joins for a nuanced discussion around the disconnect between the solid gold and silver prices, versus where we've seen the PM mining stocks being valued for some time.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap the market reaction to the...
Scott Berdahl, President and CEO of Snowline Gold (TSX.V:SGD – OTCQB:SNWGF) joins me to recap yesterday’s news release reporting 2 more drill holes from the...
Erik Wetterling, The Hedgeless Horseman, with a nuanced conversation on analyzing risk/reward setups to guide value-shuffling and position-sizing within his portfolio.
Craig Hemke, Founder and Editor of TF Metals Report joins us to compare certain market levels to October of last year when many sectors bottomed....
Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), reviews the news out about the 25% increase in contained metals in the updated Resource Estimate from the La Plata Copper Gold Project in Colorado.
On August 2nd Torq Resources (TSX.V:TORQ – OTCQX:TRBMF) announced the first two drill holes at the Cerro del Medio target in the Company’s inaugural drill...
Craig Nicol, CEO of Graphene Manufacturing Group (TSX.V:GMG) joins me to recap the July 27th news release announcing Nu-Calgon as the North American distributor of...
On July 31st SilverCrest Metals (TSX:SIL – NYSE:SILV) announced the Updated Independent Technical Report on the Las Chispas operation in Mexico. We recap the key...
Jesse Felder, Founder and Editor of The Felder Report joins us to discuss the possibility of a recession in the US. With the recent market...
Quinton Hennigh, Technical Advisor at lion One Metals (TSX.V:LIO – OTCQX:LOMLF – ASX:LLO) joins me to recap the July 27th news release reporting wall sample...
Joe Mazumdar, Editor of Exploration Insights joins us to recap the copper commentary he heard at the recent Rick Rule conference in Florida. We start...
TG Watkins outlines a continued constructive outlook for markets and the big moves higher in a number of stocks that already corrected and based over the last 2 years.
Matt Badiali, Editor of the New Energy Investor, Published under the Mangrove Investor joins us to focus on the new solid state battery developed by...
Christian Kargl-Simard, President and CEO of Adventus Mining (TSX.V:ADZN – OTCQX:ADVZF) joins me to provide an update on the Company’s progress on the El Domo-Curipamba...
Robert Sinn, (Goldfinger) reviews his key takeaways from the Rule Symposium, as well as the copper sector and precious metals sector.
Fred Bell, CEO of Elemental Altus Royalties (TSX.V:ELE – OTCQX:ELEMF) review the increased royalty at Caserones, the project sale and new net smelter royalty at the Diba Gold Project in Mali to Allied Gold, and the generation of two new gold and copper royalties in Ethiopia.
Colin Smith, CEO of Gold Basin Resources (TSX.V:GXX – OTCQB:GXXFF) joins me to recap the July 26th news release reporting the initial drill results from...
David Stein, President and CEO of Kuya Silver (CSE:KUYA – OTCQB: KUYAF – FRA:6MR1) joins me to discuss the start of the largest ever drill...
Michael Wood, CEO of Reyna Gold Corp. (TSX.V: REYG) (OTCQB: REYGF), with an exploration update with 10 of the initial drill assays returned from 3 targets at the La Gloria Project, in Mexico.
Erik Wetterling, The Hedgeless Horseman, review a recent trip and 4 company site visits in the Yukon territory of Canada.
Mark Brennan, Executive Chairman of Ascendant Resources (TSX: ASND) (OTC: ASDRF), with a comprehensive overview of the Lagoa Salgada Project at the Venda Nova deposit, and the key initiatives moving forward.
Jordan Roy-Byrne looks at markets post Fed rate hikes and how commodities might get more upward traction if we see a pop in inflation over the next few months.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap the Fed rate hike, some...
Tavi Costa, Portfolio Manager at Crescat Capital joins us to focus on the lack of financings for precious metals stocks especially the juniors/explorers. We discuss...
Chris Wilson, Chief Geologist at Mantaro Precious Metals (TSX.V:MNTR – OTCQB:MSLVF) joins me to recap the maiden Resource Estimate at the Golden Hill Project in...
Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily joins us to share his portfolio management strategy heading into the Fed...
Chris Donaldson, Executive Chairman of TinOne Resources (TSX.V:TORC – OTCQB:TORCF) joins me to provide an update on the Company’s Great Pyramid Project, which has a...
Segun Lawson, CEO of Thor Explorations (TSX.V:THX – US:THXPF), reviews the Q2 Operations at the Segilola Gold Mine, and an exploration update for Segilola, Douta, and the new lithium claims.
It’s going to be a busy week for markets as a number of big central banks are meeting (the Fed, ECB and BoJ) as well...
Peter Boockvar, CIO at Bleakley Advisory Group and Editor of The Boock Report, on Substack, joins us to filter through all the day to day...
Welcome to the Weekend Edition of The KE Report. On this Weekend Edition we focus on the continued strength of US equity markets and on...
On July 19th, Torq Resources (TSX.V:TORQ – OTCQX:TRBMF) announced rock sample results from the eastern part of the Santa Cecilia Gold-Copper Project in Chile. These...
Andrew Thompson, President and CEO of Palamina Corp (TSX.V:PA – OTCQB:PLMNF) joins me to provide an update on the Winshear arbitration case against the Tanzania...
Dana Lyons, Fund Manager and Editor of The Lyons Share Pro website joins us to share his shorter term trading strategy for US markets, bonds...
Aneel Waraich, Executive VP of Steppe Gold Ltd (TSX: STGO) (OTCQX: STPGF), outlines the key company milestone of the debt funding package now in place for the Phase 2 production expansion, and to review the Q2 operations update at the producing AT0 Mine in Mongolia.
Jordan Roy-Byrne reviews his technical outlook on the US dollar, interest rates, gold, silver, GDX, GDXJ, and the Gold-Silver ratio
Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), updates us on the gold alluvial royalties at Australia Creek and the First Phase drill program at the La Plata copper-gold-silver-PGEs Project.
Matt Badiali, Editor of The New Energy Investor published at Mangrove Investor joins us to focus on the graphite market. Recent news of Rio investing...
Charles Funk, President and CEO Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins us to recap yesterday’s news reporting 2 drill holes from the Ana Paula Project...
Fred Davidson, President and CEO of Impact Silver (TSX.V:IPT – OTC:ISVLF – FSE:IKL) joins me to provide an update on the current production at the...
Cole Evens, CEO of Enduro Metals (TSX.V:ENDR – OTCQB:ENDMF) joins me to outline the 2023 exploration plans at the Company’s Newmont Lake Project in the...
Welcome to the Weekend Edition of The KE Report. On This Weekend’s Show I feature Rick Bensignor and Doc with a focus on markets and...
Marc Chandler, Managing Partner of Bannockburn Global ForEx joins me to share his thoughts on the breakdown in the USD this week. This move was...
On this update with Graphene Manufacturing Group (TSX.V:GMG) I wanted to step back and provide an overview of each product division (battery development, Thermal XR...
Brett Heath, President and CEO of Metalla Royalty & Streaming (TSX.V:MTA – NYSE:MTA) joins me to recap the July 11th news release announcing the sale...
We all hear that markets are forward looking. So Brien Lundin, our Host at the New Orleans Investment Conference discuss what the markets are currently...
Craig Hemke, Founder and Editor of TF Metals Report joins me to recap the US jobs data from last Friday and inflation data released Wednesday....
Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily joins me to discuss the importance of the US Dollar breakdown and...
After the inflation (CPI) data yesterday that showed a continued slowing in inflation pretty much every asset class, outside of the US Dollar, has been...
Jayant Bhandari, Private Investor and Consultant in the resource sector joins me to share his thoughts on a wide range of resource sectors. We start...
This is a preview to the upcoming Weekend Show. In the first segment Richard Postma, AKA Doc joins me to share his thoughts on the...
John Miniotis, and David O’Connor, of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), review more high-grade silver drill intercepts from the JAC Zone at the Diablillos Project in Argentina.
David Kelley, CEO of Chakana Copper (TSX.V:PERU – OTCQB:CHKKF) joins me to introduce the Company’s Soledad Project in Peru, the initial Resource Estimate from January...
Dave Erfle, The Junior Miner Junky, reviews his technical outlook for gold, silver, GDX and GDXJ, and if we've seen the intermediate bottom.
Dan Steffens, President of the Energy Prospectus Group joins us to discuss the key factors driving the oil price. With oil now close to $75/barrel,...
Michelle Dececco, Vice-President and COO at Lithium Chile (TSX.V:LITH – OTCQB:LTMCF) joins us to bring us up to speed on the drilling ongoing in Chile...
John Rubino discusses the macroeconomic implications for recently announced gold-backed currency being proposed by the BRICS countries.
TG Watkins, Director of Stocks over at Simpler Trading and Editor of the Profit Pilot website joins us to share his outlook for markets and...
Chris Grove, President and CEO of Commerce Resources (TSX.V:CCE – OTC:CMRZF – FSE:D7H0) joins us to provide an update on the Company’s Ashram Project in...
Ed Moya, Senior Market Analyst at OANDA joins us to recap China’s weak inflation data, released over the weekend, and look ahead to the US...
Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) joins me to provide an exploration update on the ongoing work at the Panuco...
Welcome to the Weekend Edition of The KE Report. On this Weekend’s Show we focus on the recent spike in yields (selloff of bonds) and...
Ryan King, Senior VP of Corporate Development at Calibre Mining (TSX: CXB – OTCQX: CXBMF), outlines the commencement of gold mining at the Eastern Borosi open pit mine in Nicaragua.
Welcome to a special Canada Day and almost July 4th KE Report Weekend Show! We are now done with the first half of 2023!...
Dave Erfle reviews the weekly, monthly, and quarterly closes in gold, silver, GDX and GDXJ, and looks forward at potential geopolitical and macroeconomic forces that may move the markets.
Jason Kosec, CEO of Integra Resources (TSX-V: ITR; NYSE: ITRG), outlines the key takeaways from the PEA on the Wildcat and Mountain View Projects in Nevada.
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website joins us to recap the last quarter and first...
Mike Struthers, CEO of Luca Mining (TSX.V:LUCA – OTCQX:LUCMF – FSE:TSGA) joins me to discuss two significant milestones for the Company. As outlined in the...
Craig Hemke, reviews how general equities and PM have reacted to macroeconomic data points and Fed policy expectations.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins me to recap the stronger than expected US...
Christopher Aaron, Founder of iGold Advisor and Senior Editor at the Gold Eagle website joins us to dive into the GDX and SIL charts. He...
Jordan Roy-Byrne outlines why the steeping of the bond yield curve is one of the key market signals to watch.
Shane Williams, President and CEO of West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF) joins to introduce the acquisition of the Madsen Gold Mine in...
Aneel Waraich, Executive Vice President and Director of Steppe Gold Ltd (TSX: STGO) (OTCQX: STPGF), with an introduction to the companies 2 projects in Mongolia, and large gold development project in Peru.
John Rubino discusses why he is utilizing the “summer doldrums” to accumulate quality gold, silver, oil, uranium, and copper companies into the weak sentiment.
Blackwolf Copper and Gold (TSX.V:BWCG – OTC:BWCGF) has released a lot of news over the past few weeks. Back in April the Company closed a...
Taj Singh, President, CEO, and Director of NOA Lithium Brines (TSX.V: NOAL), review high-grade lithium assay results from the 1st of 6 drill holes at the Rio Grande Project in Argentina.
Sean Brodrick, Editor at Weiss Ratings and Editor of the Wealth Megatrends newsletter joins us to first recap the weakness across the board in markets...
Shawn Khunkhun, President and CEO of Dolly Varden Silver (TSX.V:DV – OTCQX:DOLLF) joins us to discuss the 45,000 meter drill program that just started on...
Welcome to the Weekend Edition of The KE Report. Many markets sold off this week as we officially entered summer. International economic data was weak,...
Michael Rowley, CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), outlines significance of Glencore's 9.99% stake and how it funds drilling this year.
Joel Elconin, Co-Host of the PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap the market moves this week, that...
Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT – OTCQB:AZZTF) joins me to recap the June 22nd news release outlining the planned drill program...
Craig Hemke reviews the continued weakness in the precious metals sector and what macro data could change the narrative.
Leif Nilsson, CEO of Surge Copper (TSX.V:SURG – OTCQX:SRGXF) joins us to recap the maiden PEA on the Berg Project in BC, released June 13th....
Erik Wetterling, The Hedgeless Horseman, reviews why he is now tracking a “Gamblore Portfolio” of 20 earlier-stage exploration stocks.
Brian Leni, Founder and Editor of The Junior Stock Review website joins us to explain why he has shifted some of his focus to the...
I am joined by Paul Geddies, Senior VP of Exploration and Resource Development at Skeena Resources (TSX:SKE – NYSE:SKE). Paul walks us through the updated...
I was recently introduced to Aclara Resources (TSX:ARA), which is focused on heavy rare earths, more specifically Ionic Clay. The Company has a defined resource...
Jordan Roy-Byrne shares why he is counter-balancing his technical outlook on markets with the developing macroeconomic trends.
I was recently introduced to Mike Struthers, CEO of Luca Mining (TSX.V:LUCA – OTCQX:LUCMF – FSE:TSGA). This gold, silver and base metals mining Company is...
News out of Novo Resources (TSX;NVO – OTCQX: NSRPF) today announced that De Grey Mining (ASX:DEG) can earn a 50% direct stake in tenements by...
Dave Erfle outlines the impact that GDXJ and SILJ portfolio rebalancing has had on many junior PM mining stocks.
Jeff Christian, Managing Partner at the CPM Group joins us to make sense of the general weakness in gold from an investment standpoint We focus...
Ed Moya reviews how US equity markets, bonds, the US dollar, and cryptos pushed off from the gate, after a 3 day holiday weekend.
Matt Badiali, Editor of the New Energy Investor published under Mangrove Investor joins us to continue our discussion on the continued green energy revolution as...
Quinton Hennigh, Technical Advisor at Lion One Metals (TSX.V:LIO – OTCQX:LOMLF – ASX:LLO) joins us to recap the June 15th news release reporting new grade...
TG Watkins, Director of Stocks at Simpler Trading and Editor of The Profit Pilot website joins us to discuss the wider/stronger breadth in the US...
Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT – OTCQB:AZZTF) joins us to recap the final drill results from this year’s drill program at...
Welcome to The KE Report Weekend Show! After a busy week of central bank meetings we can now look ahead to the market reaction and...
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc To Market website joins us to recap the Fed, ECB and BoJ...
Scott Berdahl, President and CEO of Snowline Gold (TSX.V:SGD – OTCQB:SNWGF) join me to update us on the ongoing drill program and recent news out...
Dave Erfle, Founder and Editor of The Junior Miner Junky joins us to discuss the decoupling of the precious metals stocks from the US markets....
Brad Rourke, CEO of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF), recaps the 2022 drill program and rolls out the 20,000 meter drill program for 2023 at the Blueberry Contact Zone at the Scottie Gold Mine Property.
Craig Hemke discusses the strange market reactions in the US dollar, interest rates, general US equities, and the precious metals sector after the Fed’s “hawkish pause”.
Robert Sinn, AKA Goldfinger on CEO.ca and CEO Technician on Twitter joins us to share his thoughts on yesterday’s Fed meeting which is being considered...
Brandon Macdonald, CEO of Fireweed Metals (TSX.V:FWZ – OTCQB:FWEDF) joins me to recap the Mineral Resource on the Mactung Project (announced June 13th) and provide...
Tavi Costa, Portfolio Manager at Crescat Capital joins us to address the main question all junior metal stock investors have; when will the stocks finally...
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins me to recap the latest round of drill results at the Ana Paula...
Doc Jones discusses how he is investing in oil, lithium, gold, nickel, and copper stocks -- when to hold them, and when to fold them.
Nick Appleyard, President and CEO of TriStar Gold (TSX.V:TSG – OTCQX:TSGZF) joins me to update us on permitting at the Castelo de Sonhos Project in...
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his technical outlook on the US markets, which have broken out to...
Welcome to The KE Report Weekend Show! With all the economic data and central bank meetings seemingly having no impact on markets currently we...
Jordan Roy-Byrne shares his technical and macroeconomic outlook for general equities, gold, silver, and the PM stocks for the medium term.
Erik Wetterling, The Hedgeless Horseman, review why he likes Magna Mining, Western Alaska, and Tectonic Metals.
Dana Lyons, Fund Manager and Editor of The Lyons Share Pro website joins us to discuss what he is seeing inside the US markets in...
Richard Willams, Executive Chairman of Bunker Hill Mining (CSE: BNKR; OTCQB: BHLL), outlines the financing package and offtake agreement to put the Bunker Hill Mine back into production in Q4 2024.
Nick Hodge discusses the investing landscape in gold, oil, copper, lithium, and uranium resource stocks.
Throughout this year the main work program for Arizona Sonoran Copper (TSX:ASCU – OTCQX:ASCUF) is to publish a Pre-Fesibility Study (PFS) on the Cactus Project...
Dave Erfle, The Junior Miner Junky, reviews key questions he asks PM company management teams, and key concepts to understand for due diligence.
Matt Badiali, Founder of The New Energy Investor published under Mangrove Investor joins us for another conversation focused on the critical metals sectors. Today, we...
Brett Richards, CEO of Goldshore Resources (TSX.V:GSHR – OTCQB:GSHRF), reviews the 44% increase to the global Resource Estimate to over 6 million ounces of gold at the Moss Gold Project.
Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT – OTCQB:AZZTF) joins me to recap the drill results, announced yesterday, from the Tombstone Project in...
Scott Berdahl, CEO of Snowline Gold (TSX.V:V:SGD – OTCQB:SNWGF) joins me to provide a full overview of this year’s exploration across a range of the...
Akiba Leisman, CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), with an overall operations and exploration update around the San Albino Gold Mine and a new discovery at La Segoviana.
Ed Moya, Senior Market Analyst at OANDA joins us to discuss the news form this morning announcing the SEC has filled charges against the crypto...
Segun Lawson, CEO of Thor Explorations (TSX.V:THX – US:THXPF), review the newly announced lithium subsidiary, and an operations and exploration update at the Segilola and Douta Projects.
Welcome to the KE Report Weekend Show! This Weekend we feature a couple of our favorite guests, Rick Bensignor and Christopher Aaron. Since there...
Ewan Downie, CEO of I-80 Gold Corp (TSX: IAU – NYSE: IAUX), provides a comprehensive roadmap to the future production, development, and exploration strategies their 4 Projects.
Dave Erfle, The Junior Miner Junky, reviews the mixed stew of macroeconomic data points, and his technical and fundamental outlook on the PM markets.
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc To Market website joins us to dive into the jobs data beat...
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of The PreMarket Prep website joins us to discuss the continue rise in US...
John Miniotis, CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), review recent high-grade silver drill intercepts and positive metallurgical test results from the JAC Zone at the Diablillos Project in Argentina.
- Segment 1 and 2 – Mike Larson, Editor In Chief at the MoneyShow kicks off the show by sharing his outlook for markets. We discuss his outlook for the US markets, gold, the US Dollar and bonds. Mike has been been calling these markets perfectly over the past two years which I think make his comments very noteworthy.
- Click here to visit the MoneyShow website.
- Segment 3 and 4 -Matt Geiger, Managing Partner at MGJ Capital wraps up the show by discussing why he like prospect generator and royalty companies.
- Click here to visit the MJG Capital website.
Mike Larson Matt Geiger
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review some of the recent macroeconomic data points, and which coming catalysts could light the fuse for the precious metals sector. We start off reviewing how the FOMC meeting minutes, muted GDP number, and higher than expected PCE deflator news really comes down to Fed policy expectations around how much longer they will keep hiking rates.
Gold and Silver and related PM mining stocks have continued selling off and correcting down as some of the regional bank concerns have eased, and the debt ceiling brinksmanship nears it’s resolution. Dave provides technical support levels for gold, GDX, and GDXJ, but then goes on to outline a multitude of catalysts on the medium-term horizon, that could break the gold price and the rest of the PM sector higher later in the year.
We then shift the conversation over to the big disconnect in the move higher we’ve seen in the metals versus how the mining stocks have reacted . Dave also shares key considerations for how he is approaching investing in gold and silver stocks in the short to medium-term, within the context of a big picture outlook that precious metals are going to break out to new highs as this larger bull market unfolds.
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Click here to visit Dave’s site – Junior Miner Junky.
Zach Flood, President and CEO of Kenorland Minerals (TSX.V:KLD – OTCQX:NWRCF) joins me to provide an exploration outlook for this year. The Company will have up to 5 drill programs this year, with 2 already completed. The total budget currently is C$33million of which $29mllion will be funded by partners. The Company’s partners include Sumitomo Metals Mining, Newmont and Antofagasta Minerals S.A.
I have Zach provide an overview of each drill program in terms of size and targets.
If you have any follow up questions for Zach please email me at Fleck@kereport.com.
Click here to visit the Kenorland Minerals website and read over recent news outlining each drill program.
Steve Penny, Publisher of The SilverChartist Report, joins us to share a handful of key charts on the US Dollar (DXY), Interest Rates (TNX), Bonds (BND), Gold, Silver, the Junior Silver Mining ETF (SILJ), and the Sprott Uranium Miners ETF (URNM). [all charts are posted below so you can follow along]
We also intermix some macro fundamentals and trading strategies into the discussion, and how to utilize the very oversold nature of the mining stocks in relation to the moves in the underling metals, to make volatility your friend as an investor.
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Click here to visit the SilverChartist website
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Craig Hemke, Founder and Editor of TF Metals Report, joins us for more of a big picture look at various motivations to be invested in the precious metals sector, and how stacking physical metals is a different game and time horizon that investing in the gold and silver mining stocks. We start off reviewing some of the macroeconomic data points like the FOMC meeting minutes and expectations around future Fed policy, the debt ceiling debate, and the recent rise in interest rates and the US Dollar.
The discussion then shifts to more of the longer-term focus for stacking physical precious metals as an insurance policy against fiscal malfeasance and geopolitical uncertainty, and how that differs from many investors in junior PM mining stocks desire for short-term fiat gains. They are different games, with different goals and different focuses and concerns.
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Click here to visit Craig’s site – TF Metals Report.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman joins us to discuss the disconnect in price action between the junior exploration stocks compared to gold, silver, GDX and GDXJ. This ties into a discussion on junior stocks that have major companies as investors. Erik thinks these stocks provide some great investment opportunities.
Click here to visit Erik’s site – The Hedgeless Horseman.
Walter Coles, Executive Chairman at Skeena Resources (TSX:SKE – NYSE:SKE) joins us to discuss the recent bought deal financing closed yesterday for C$73.5million. These proceeds will be allocated towards drilling, the building of an on-site assay lab, Feasibility Study for Eskay Creek and Pre-Feasibility for Snipp.
We have Walt detail the news flow for this year. Starting with drill results from the Eskay Deeps area, the Company will be able to turn around results much faster as it is building its own assay lab on site. Then the Feasibility at Eskay Creek is on tap followed by the Pre-Feasibility at Snipp. Walt explains how these economic studies will fit together for the overall mine plan.
At the end of the call we have Walt address the questions we’ve received regarding insider selling. Please continue to send us your questions. Our emails are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Skeena Resources website to read over the recent Company’s news.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, reviews some of the technical support levels he is watching for in gold, silver, and the precious metal mining stocks, as the sector continues to correct. Now that the $1980 support gave way in gold, he is looking to the 150 day moving average, as well as the 20 month and 40 month moving averages as key support levels in gold. As mentioned last week, the picture in silver and in the GDX are a bit more concerning, but he notes that the 200 day moving average in both is now sloping upwards, and thus could offer a good support level to watch on both charts.
With regards to the longer-term bullish setup in the precious metals, it really comes down to getting past the noise of the debt ceiling debate, and the Fed pause rhetoric, to see how quickly the macro data erodes further pointing to a contracting economy and recession in a few months. This will provide the catalyst for the Fed to take action and start cutting rates, which will be a positive factor for gold, silver, and the PM mining stocks. The other factor to watch is whether the general US equities suck in a bunch of new buying to markets higher, which could pressure the PMs, or whether they continue to erode allowing gold and the mining stocks to further diverge.
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Click here to visit Jordan’s website – The Daily Gold.
Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins us to outline the follow-up drill program on prior bonanza-grade gold and silver discovery at the Silver Cloud Project, as well reviewing the recent drill results from the Tonopah North Lithium Project in Nevada.
On May 23rd the Company announced that it has received approval from the Nevada Bureau of Land Management and finalized a drill agreement with Tonatec Exploration LLC to commence its 2,000 meter Phase-1 drill program at the Company’s Silver Cloud property. Silver Cloud is located along the prolific, high-grade Northern Nevada Rift in north central Nevada adjacent to the Hollister mine and 15 kilometres south of the Midas mine, and Andrew highlights the significance of this trend and those prolific mines. In January 2023, the Company confirmed its original bonanza-grade discovery intercept at the Northwest Canyon target with metallic-screen assay which returned 1.52 metres grading 70 g/t gold and 600 g/t silver in core hole SBC22-020. Drilling is slated to start next month in June.
Next we shifted over to the Tonopah North Lithium Project, where their option partners, Tearlach Resources (TSX.V: TEA – OTC: TELHF), just announced more assay results on May 18th for three (3) new core step-out drill holes (GAB-013, 016, & 019). These newly reported holes intersected broad lithium-mineralized zones with many intervals exceeding 1,000 ppm and grades up to 1,300 ppm. With all results received and reported from the Phase 1, 11 core drill hole program, Tearlach intersected significant grade and thickness of lithium mineralization in every drill hole. Andrew points out the valuation mismatch in what they have defined already, in comparison with 2 neighboring lithium companies, and feels the market has not picked up yet on the potential value of this Project.
If you have any follow up questions for Andrew regarding Blackrock Silver, then please email me at Shad@kereport.com.
- For full disclosure, Shad is shareholder of Blackrock Silver.
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Click here to visit the Blackrock Silver website to read over the recent news we discussed.
Oliver Turner, VP of Corporate Development at Karora Resources (TSX:KRR – OTCQX:KRRGF), joins us to review the record production and increased earnings from Q1 2023 operations, along with a development and exploration update at their Beta Hunt gold and nickel operations in Western Australia.
First quarter 2023 consolidated gold production of 39,827 ounces exceeded target levels and increased 45% from the first quarter of 2022 reflecting growth of 27% in tonnes processed and a 13% improvement in average grade. Production ended the quarter on track to achieve full-year 2023 guidance of 145,000 – 160,000 ounces. Cash operating costs and all-in sustaining costs (“AISC”) per ounce sold averaged US$1,124 and US$1,213, respectively, compared to US$1,310 and US$1,396, respectively, for same period a year earlier. Revenue totalled $96.8 million, 48% higher than in Q1 2022 reflecting a 38% increase in gold ounces sold, to 36,145 ounces, and was largely unchanged from the quarterly record set in the fourth quarter of 2022.
We review the aggressive growth plans for production over the next few years, as the company has now got a 2nd mill in operation, and has completed much of the development work on the 2nd twin decline ramp (west) into the Beta Hunt mine, which will allow more ore to be trucked for increased mill throughput moving forward. Oliver outlines some of the other ongoing development with the first of three ventilation raises at Beta Hunt completed on schedule and budget in Q1 2023. The expansion of Beta Hunt remains on track to support growth to annualized production rate of 2.0 Mtpa during 2024 and a target of 185,000-205,000 ounces of annual production 2 years out.
Shifting over to exploration at the Beta Hunt gold-nickel mine, the Company continued to extend mineralization at both Western Flanks and the A Zone and to demonstrate the significant potential of the Mason and Cowcill zones to emerge as important new mining opportunities. Subsequent to the end of Q1 2023, new high-grade gold intersections, including 6.5 g/t over 26 metres and 46.5 g/t over 7.0 meters, were released extending the drill-supported strike potential of the Fletcher Shear Zone by 900 meters for a total potential strike length of 1.4 km. The balance of exploration will come from the Higginsville Gold Operations and the new contributions from the Spargos deposit which just came online in Q4 of 2021. We also touch on the high-grade gold drill results returned recently under the already known Gamma Block of high-grade nickel. This area dubbed a “nickel mine within a gold mine” already has defined 35,000 tonnes of 2.7% nickel, with in-situ value around $1.3 Billion at today’s prices, so to find more high-grade gold underneath it will further improve the economics of eventual development.
We wrap up having Oliver unpack the recent agreement with Kalamazoo Resources Limited (ASX: KZR) to create a lithium and critical metals exploration company to be called Kali Metals Limited, where Karora will have a 45% stake and Kalamazoo will have a 55% stake in this new vehicle. The proposed transaction will allow Karora shareholders to participate in the significantly enhanced upside potential of a larger, combined lithium-focused investment vehicle that will fund its own exploration and development activities while Karora remains focused on growing its gold and nickel production base at both Beta Hunt and Higginsville.
Please email us with any questions for Oliver regarding Karora Resources, then please email me at Shad@kereport.com.
- In full disclosure Shad is a shareholder of Karora Resources.
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Click here to read over the Karora Resources News
Alex Wylie, President and CEO of Volt Lithium (TSX.V:VLT – OTCQB:VLTLF) joins me to recap two recent news releases reporting an initial resource at the Company’s Rainbow Lake Project as well as Pilot Project results testing its proprietary direct lithium extraction (“DLE”) technology.
We quickly recap the resource which reported an inferred mineral resource of 4.3 million tonnes of lithium carbonate equivalent (“LCE”) with lithium concentrations as high as 121 mg/L and an estimated average associated lithium concentration of 51 mg/L.
We then move to the news out today announcing results from the Pilot Project to test the Company’s DLE technology. I have Alex outline the recoveries at lower lithium concentrations as well as the higher concentrations. We also discuss what the next steps are for the Company in terms of advancing the technology, the other avenues of growth now open for growth and the path to initial production using the technology.
If you have any follow up questions for Alex regarding any of the news releases we discusses please email me at Fleck@kereport.com.
Click here to visit the Volt Lithium website and read over the full news releases.
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins us to recap yesterday’s news reporting the first two drill holes from the Company’s drilling at the Ana Paula Project in Mexico. These were both infill holes, as seen in Figure 1 posted below, with grades of 11g/t gold over 53.2 meters and 11g/t gold over 44.5 meters.
We have Charles explain the strategy of this program, focused at the high-grade gold panel. He shares how these results compare to the known resource and could grow the high grade component all with the goal of near-term production. We also look ahead to where drilling is ongoing and the results to come.
Please email us with any follow up questions for Charles. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Heliostar Metals website and read over the full news release.
Figure 1: A section through the resource model from 2023 PFS1 highlighting the High Grade Panel (clipped to greater than 5g/t resource blocks). Heliostar results labelled in black and historic intercepts labelled in grey. Completed and ongoing holes are shown in blue and Growth and Infill targets areas labelled.
Jed Richardson, CEO of Trigon Metals (TSX.V:TM – OTCQB:PNTZF) joins us to recap recent news at the Kombat Copper Project encompassing the restart of mining and drill results. Last time we chatted with Jed the Company had paused mining with the goal or refocusing the operational plan while just closing a silver stream with Sprott Streaming for $37.5milloion.
We have Jed explain the big picture plans on what the restart of mining involves. He explains the new focus of mining and the 3 year plans to move to include underground mining. We ask about the costs associated with continued development and general production estimates. We also ask about current exploration and potential new areas that could work their way into the mine plan.
If you have any follow up questions for Jed please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to visit the Trigon Metals website and read over the recent news on the restart of mining and drill results.
Matt Badiali, Editor of the New Energy Investor newsletter published at Mangrove Investor joins us to recap some more noteworthy news out of the lithium space. Ford has been busy locking up long-term supply for use in future EV production. Matt shares more information on this news out of Ford in terms of where the auto maker is looking for supply and how it fits into government incentives.
Click here to visit the Mangrove Investor website to learn more about Matt’s New Energy Investor.
Craig Nicol, CEO of Graphene Manufacturing Group (TSX.V:GMG) joins me to recap the May 17th news release reporting a battery Joint Development Agreement (JDA) with Rio Tinto. I also have Craig answer questions you all have sent in focused on the battery division and possible government funding.
Starting with the JDA with Rio Tinto, we discuss the A$6million that Rio is contributing in exchange for preferential access rights and the types of batteries Rio is interested in from GMG. The news also states that due to “significant customer feedback” GMG will re-prioritize its energies to developing pouch cell batteries.
This news ties in with a number of questions you all have sent in. I isolated the battery specific questions and more general questions on potential funding from a range of governments.
Please keep sending me your questions for Craig. My email address is Fleck@kereport.com.
Click here to visit the GMG website and read over the recent news.
Michael Oliver, founder of Momentum Structural Analysis, joins us for a discussion on how macroeconomic themes and technical momentum trends will impact the general US equities, gold, silver, and the precious metals mining stocks. We start off reviewing what will happen as the largest asset bubble in history continues to pop, where it is will continue to expose compounded errors in decisions and assumptions, made by individuals, businesses, and governments, that arose from over a decade of low to zero interest rates. That era of free money, fueled by a constant injection of central bank liquidity, resulted in the longest and steepest move higher in general stock market indexes on record, from 2009 to 2021. However, now the dynamics have drastically changed since then with the Fed’s intense period of monetary tightening, taking rates up over 5%, and with general equities and financial markets starting to unwind.
We reviewed how Michael had noted the momentum signals in the general equities having topped out in January-February of 2022, beginning a new secular bear market in stocks. With regards to the financial sector, he had warned in late January to early February of 2023 that the SPDR S&P Bank ETF (KBE) looked ready for an ambush, which then played out during March and beyond. He also noted that the broader and more diversified Financial Select Sector SPDR Fund (XLF) started showing cracks over the same time period. Michael points out that piling into a narrow selection of heavily-weighted mega-cap leadership is skewing the major stock indexes like the Nasdaq 100 and S&P 500, giving investors and the media a distorted view of what is actually happening in the broader markets. He is watching for signals of a rollover to the current intermediate-term rally, where the general equities will enter the next leg down in the bear market, and that this should be a boon for the precious metals sector.
We review the relative strength that gold and silver showed in 2022, compared to almost all other asset classes, something he expects to continue moving forward. A primary factor that gold is sniffing out is that as the central banks will need to get busy printing more money in the near future, it will continue to devalue the purchasing power of fiat currencies, and will underpin a move higher in the precious metals. While silver and the PM mining stocks have lagged the moves in the gold, he expects that when sentiment does truly shift back to bullish in the sector, that they will take off to the upside “like a wet bar of soap,” catching up and outperforming the upward moves in the yellow metal.
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https://www.olivermsa.com/
Ed Moya, Senior Market Analyst at OANDA joins us to discuss what catalysts on for the markets could be on the horizon. This will be a big week for debt ceiling talks as we approach the June 1st deadline. Fed speakers will also be out in force, already this week saying that a pause does mean rates could not be raised in subsequent meetings. As much as these are being focused on, markets continue to grind sideways.
We also ask Ed where money could rotate to. The concept of money has to go somewhere but are investors already allocated to dividend and safe assets?
Click here to keep up to date with Ed’s daily market note.
Welcome to the Weekend Edition of The KE Report. On this Weekend’s Show we take a step back from these boring markets to focus on commodities and the potential of a “Commodity Super Cycle”. We also tie this narrative into how certain commodities will perform.
Please keep in touch with Shad and me through email. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Jesse Felder, Founder of The Felder Report joins us to first define what he thinks a commodities super cycle looks like. We also discuss if we are in a commodities super cycle currently. The commodities we focus on are copper and energy/oil.
- Click here to visit Jesse’s website – The Felder Report
- Segment 3 and 4 – Dave Erfle, Founder of The Junior Miner Junky wraps up the show with a focus on the gold sector. We discuss the news that Newmont is buying Newcrest to built its exposure in copper. On the gold front we ask if current market price is a base being built or a top formed.
- Click here to visit Dave’s site – The Junior Miner Junky.
Jesse FelderDave Erfle
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc To Market website joins us to discuss the news today driving markets, including debt ceiling and Powell’s comments on a possible Fed pause. After recapping the market moves we quickly look past the debt ceiling to where money will flow once a settlement is reached. This also ties into market trends that could be established down the road.
Click here to visit Marc’s website to keep up to date on the data and news that are moving markets – Marc To Market.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman joins us this week to share his thoughts on Eskay Mining. He outlines what he likes about the exploration strategy this year after a couple tough years.
Please let us know what you think of the Eskay Mining.
Click here to visit Erik’s site – The Hedgeless Horseman.
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins us to addresses the ongoing debate between if the markets are setting up for another major pullback or if a turn has happened and the next significant move might be higher. So much focus for markets is on the weak breadth, with only large tech leading the way. For the economy everyone is predicting a recession in the second half of the year and a quick Fed pivot to rate cuts.
We start with a focus on big tech’s rebound and how these stocks are being viewed a safety plays. We then move to a general discussion about how investors are positioning in tech for now but if they shift more risk-on that could be a big boost for the lagging stocks. We could be in for a slow summer.
Click here to visit TG’s website – Profit Pilot.
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), joins us to review more recently returned high-grade silver drill intercepts from the JAC Target at the Diablillos Project in Argentina.
On May 4th more exploration news was released where drill hole# DDH 23-021, located in the southeastern part of the drill target area, encountered high-grade silver mineralization in oxides, intersecting 32.0 meters grading 530.8 g/t Ag. Also of note, drill hole# DDH 23-017 tested the southwest extension of the JAC zone and intersected several zones of silver mineralization in oxides, with 12.0 meters grading 876.1 g/t Ag from a downhole depth of 92.0 meters downhole, including 2.0 meters grading 4,968.4 g/t Ag and 0.14 g/t Au. These high-grade intervals further demonstrate that there are zones within the JAC system that will raise the overall grade of the mineral resource.
John outlines why the exploration team is so encouraged by the continued success of the Phase 3 drill program, with 20,000 meters and 85 holes drilled to date, but only 46 holes have been released to the market thus far. There are plans for another 2,000 meters for Phase 3 to be drilled in May taking the total up to around 22,000 meters, and then all results feeding into a maiden Resource Estimate on this JAC target area in September. This will be followed by work incorporating other metallurgical data, environmental and permitting work, and other project derisking going on into a Preliminary Feasibility Study by year end.
We also discussed the long 1,200 meter hole the company finished drilling at their second project, La Coipita, near San Juan Argentina, which is testing for a potential high-grade copper-gold porphyry system. The drill assay will be released on this hold in the next month, along with a stead stream of drill results from the JAC Target from the ongoing Phase 3 drill program.
If you have any follow up questions for John regarding at AbraSilver, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver
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Click here to visit the AbraSilver website and read over the most recent news releases.
Ed Moya, Senior Market Analyst at OANDA joins us for a look ahead to data this week that could move markets. After a busy week last week that caused some market volatility, it was short lived with markets still closing mostly flat for the week.
As Ed says, for this week he is mostly focused on inflation and Fed speakers. We discuss the 2nd half of the year economic outlook that continues to be very bearish/recessionary tied in with the expectations of the Fed cutting. What this all means for markets and current pricing.
We also discuss the move in oil and gold.
Click here to visit the OANDA website and read over Ed’s daily market recap.
Martin Turenne, President and CEO of FPX Nickel (TSX.V:FPX – OTCQB:FPOCF) joins us to discuss the May3rd news release reporting metallurgical testwork at the Baptist Deposit in central BC. This testwork showed consistent magnetic separation nickel recoveries across all phases of the Baptiste mine plan.
We have Martin first explain the importance of this testwork considering it was from all phases of the mine plan, the use of the Davis Tube Recovery method of assaying and how this information will filter into the upcoming Prefeasibility Study (PFS). We also step back to discuss how this testwork could be viewed by potential acquiring companies and the government.
If you have any follow up questions for Martin please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the FPX Nickel website and read over the recent news release we discussed.
Michael Henrichsen, Chief Geologist at Torq Resources (TSX.V:TORQ – OTCQX:TRBMF) joins me to recap the May3rd news release reporting surface results that defined 7 new porphyry targets on the Santa Cecilia Project in Chile. The Company is currently drilling on the Project and will take a break over winter in Chile.
Since the Company is planning on drilling some of these news targets this year I have Michael explain how the Company will prioritize the new targets. We also discuss how other major assets around the Project also contribute to analyzing these targets.
If you have any follow up questions for Michael or the team over at Torq Resources please email me at Fleck@kereport.com.
Click here to visit the Torq Resources website and read over the recent news.
Welcome to the Weekend Edition of The KE Report. May is off to a much more interesting start than all of April, however at the end of the end of the week we didn’t see huge market moves. Most markets are still grinding sideways in tight ranges close to either highs or lows for the year.
With all the talk about recession in the second half of the year and the market pricing in 4 Fed rate cuts by January we take a more level headed look on what would need to happen for this to be true. Everyone can be right on the recession call but carrying it over to markets can have very different outcomes.
Please keep in touch with Shad and I through email. We love hearing what you all think of the markets and companies we featured throughout the week. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Peter Boockvar, Chief Investment Officer at Bleakly Financial Group and Editor of The Boock Report kicks off the show with a discussion on the data playing into recession calls and how recessions can be very different in nature. We discuss everything from inflation outlooks, job data, banking issues, earnings season and the debt ceiling.
- Click here to visit The Boock Report website to keep up to date with Peter’s market and economic commentary.
- Segment 3 and 4 – Dana Lyons, Fund Manager and Editor of The Lyons Share wraps up the show by sharing his trading strategies for the US banking sector, US markets, gold and gold stocks and cryptos.
- Click here to visit The Lyons Share website for more of Dana’s trades.
Peter BoockvarDana Lyons
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the choppy markets this week that are looking to end fairly flat. Being held up by big tech there are a lot of headwinds leaning many bearish but markets continue to move sideways, close to highs for the year. Joel is much more on the bullish side thinking investors are still under invested but not bailing on markets.
Click here to visit Joel’s PreMarket Prep website.
Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website joins us for a different take on current economic data compared to Fed forecasts to the end of the year. We also discuss the banking sector issues in the US which perked up again this week. The question of how many banks are impacted and how many could be insolvent is very important but also unknown. Finally we discuss the Debt Ceiling debate and how this will play out. Also how it could impact the money markets and the global view on the US.
Click here to visit Marc’s website – Marc to Market
Brien Lundin, Editor of The Gold Newsletter and our host at the New Orleans Investment Conference joins us to recap the Fed meeting, banking sector issues perking up again this week and gold’s move toward an all time high.
On the Fed front, Brien shares why he thinks the Fed will stay paused for longer than the market is pricing in. This ties into markets pricing and how gold might react if the Fed doesn’t start cutting as early and as quickly as markets are pricing in.
Click here to visit the Gold Newsletter website to keep up to date on Brien’s market comments.
Craig Hemke, Founder of TF Metals Report, joins us to recap a number of economic data points that have been moving markets, and the what macro factors may move the needle moving forward. We discuss the startling reality that the 2nd, 3rd, and 4th largest US banking collapses ever have just happened in the last 2 months. Additionally, Craig noted that the recent plunge in regional banks led by the collapse of PacWest Bank over the last 2 days started just 30 minutes after Fed Chair Jerome Powell, tried to reassure markets that we could draw a line under the banking concerns with the takeover of First Republic Bank by JP Morgan.
Clearly there are still economic challenges emerging from the aggressive rate hiking and monetary tightening cycle the central bank has been engaged in since last year. We explore what kind of reactions we may see in the general equities, in gold, and silver, and the PM mining stocks should the Fed have to pivot to cuts later this year, versus what could happen if they paused for the balance of the year. With no FOMC meeting for another 6 weeks, markets will be looking to economic data flow for signals, and with tomorrows jobs numbers being a key report.
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Click here to visit Craig’s site – TF Metals Report.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to unpack how he approaches portfolio rebalancing and “value shuffling” when investing in junior gold, silver, and base metals mining stocks. He makes the point that price has no meaning unless framed against the value a company is creating, and so if price moves down on no change in value, or value is created with no change in price, that opportunities for changing the weighting or allocation to a particular stock present themselves quite regularly in these volatile markets. Erik discusses knowing your investment goals and style, to construct the appropriate diversification to alpha or beta plays in one’s portfolio, as well as companies that have received 3rd party validation from larger companies or institutions.
Erik discusses a handful of stocks in this interview to illustrate improving price to value ratios he has been noticing after certain market reactions in Lion One Metals (LIO.V) (LOMLF), Nighthawk Gold (NHK.TO) (MIMZF), Ascot Resources (AOT.TO) (AOTVF), Trigon Metals (TM.V) (PNTZF), and Magna Mining (NICU) *
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and are also site sponsors of The Hedgeless Horseman website.
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Click here to visit Erik’s site – The Hedgeless Horseman
Dave Erfle, Founder and Editor of The Junior Miner Junky joins us to recap the Fed and ECB meetings this week and follow through market reactions. We focus on the gold and silver markets along with the underlying stocks and the divergence from the broad averages. We also ask Dave what PM stocks he is holding and thinks will outperform as the metals keep moving higher.
Click here to visit Dave’s site – Junior Miner Junky.
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX) joins us to discuss the moratorium on uranium in Sweden. The Country recently had an initial vote on lifting the moratorium. We tie the uranium story into the Company’s Viken Deposit. We also ask Garrett how the Company is balancing work plans for the base metal/zinc Projects and the uranium Project.
If you have any follow up questions for Garrett please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the District Metals website to read over the recent news out of the Company.
Scott Berdahl, CEO of Snowline Gold (TSX.V:SGD – OTCQB:SNWGF) joins me to provide a recap of the 2022 drill results and 2023 work plans at the Rogue Project in Yukon.
After a slightly more than 13,000 meter program last year, the Company is planning a 15,000 meter program this year. The focus will continue to be at the Valley discovery as well as the Gracy target and other targets across the Project.
If you have any follow up questions for Scott please email me at Fleck@kereport.com.
Click here to visit the Snowline Gold website and read over the recent news reporting the 2023 work program at Rogue.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review his technical outlook on the precious metals sector, and some investing considerations for switching from a bear market to bull market playbook.
We start off having Jordan review some of the support levels and key moving averages that he’ll be watching for in any near-term corrections in gold or the mining stocks. We also have him outline the number of technical and intermarket analysis data points that have him confident that we are in a new bull market.
The conversation then transitions to why he is invested in both gold and silver growth-oriented producers and advanced explorers, and could see adding in even some optionality plays once gold breaks up through the $2100 resistance level.
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Click here to visit Jordan’s site – The Daily Gold.
Robert Sinn, AKA Goldfinger at CEO.ca, CEO Technician on Twitter and writer at the Energy and Gold website joins us for a macro discussion focused on Fed policy expectations and what the markets are predicting.
On the Fed front, we focus more on the predicted rate cuts and balance sheet upwind. For markets, the discussion moves to how certain stocks are doing well but many are really struggling (weak breadth). This is also relates to gold stocks where some are doing well and some are still lagging.
We wrap up the call by discussing a recent site visit to Guanajuato Silver in Mexico. This silver miner has continued to grow production and the share price has done well over the past few years. We discuss the continued production growth and if the Company is a take over target.
Here are the link to follow along with Robert’s commentary.
CEO Technician on Twitter.
Goldfinger at CEO.ca.
Fredrick Bell, CEO of Elemental Altus Royalties (TSX.V:ELE – OTCQX:ELEMF) joins us to review the key financial and operations metrics from 2022, key royalty partner updates, and the growth strategies for 2023.
2022 started out with a hostile takeover bid from Gold Royalty Corp which was fought off by the Company, then followed by an announcement in June of an at-market merger with Altus Strategies. Fred explains how this merger immediately increased the value of the Company and the overall royalty portfolio. We also highlight the recent transaction to acquire a portfolio of 19 uncapped royalties from First Mining Gold Corp (TSX: FF) (OTCQX: FFMGF).
We review the importance of the cornerstone Casserones copper royalty in Chile, the exploration growth potential at and around the Laverton Royalty, and also the ongoing bidding process for a new operating partner at the Ming Mine and royalty. 2023 has already seen a few new royalties acquisitions, and Fred believes there are a number of other transactions that will develop as the year unfolds.
If you have any follow up questions for Fred regarding Elemental Altus Royalties or the royalty sector please email us at Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Elemental Altus Royalties
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Click here to view recent news on the Elemental Altus Royalties website
Steve Todoruk, Investment Executive and Geologist at Sprott Global joins us for a discussion focused on the exploration and discovery side of the metals markets. We chat about past discoveries, which Steve says have been few and far between, the new interest in CRD plays in Nevada and the financing window open for explorers who need cash to go out and drill. Steve talks about an area play he is a bit more interested in as well as how Australian and South African companies are valued compared to North American plays.
Click here to learn more about Steve and his background in the mining sector.
John Rubino, Founder of the Dollar Collapse website and editor of his newsletter over at Substack, joins us for a broad discussion on the silver sector and precious metals, that then transitions into the macroeconomic factors moving the markets. We start off reviewing some of the data recently released from the Silver Institute showing that silver demand has increased by 38% since 2020 while mine production recorded a shortfall and was at a deficit in 2022. We discuss the hybrid nature of silver from the industrial demand side and the investor demand side of the equation, and ponder what higher prices and a widening supply deficit could mean for the silver mining stocks.
Next we shift over to the recent news of First Republic’s implosion, being another bank in a recent string of bank failures and challenges to bite the dust, and how that may be shifting some people to reallocate some cash in banks into more defensive investment products, like gold and silver. The discussion evolves into some of the larger economic data points on the horizon from inflation and the labor markets, to what a Fed “pause” after this week’s rate hike may be like, if the higher rates were allowed to persist for 9-12 months as they have messaged. John outlines some of the challenges already being seen due to higher rates in commercial real estate, residential real estate, automobile loan departments, and businesses being forced to roll over money borrowed at steeply higher interest rates. He also points out that another factor to have on the radar is when the “unicorn” companies start dying off in Silicon Valley.
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https://rubino.substack.com/
Since we are all waiting for the fed meeting and statement this week my chat with Ed Moya, Senior Market Analyst at OANDA, jumps around to recap economic data, banking sector news and comments on crypto currencies.
Starting with the manufacturing data (ISM report) that while still in contraction was better than expected. We then move to the news of JP Morgan buying First Republic Bank and a discussion on the overall health of the US banking sector. Finally we move to the crypto currency space to discuss what the next catalyst could be for Bitcoin and recap the news out of MasterCard starting up a new card linked to Bitcoin.
Click here to visit the OANDA website and follow along with Ed’s daily market note.
Dan Schleber, President and CEO of American Copper Development Corp (CSE:ACDX – OTCQB:ACDXF) joins us to provide an update on the ongoing 5,000 meter drill program at the Lordsburg Project in New Mexico. Last drilled by Entrée Gold in 2008-2009 this program has three goals, including following up on the 2008-2009 drilling and testing of new areas isolated by the Company and historic mining on site.
Dan provides an update on the targets and all the infrastructure around the Project.
If you have any follow up questions for Dan please email us. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the American Copper Development Corp and read over the Company’s Corporate Presentation.
Welcome to the Weekend Edition of the KE Report. With one of the lowest volatility April’s even, we now look ahead to the second half of 2023. Expectations for the second half of 2023 are all about recession, rate cuts and a much worse market environment. We focus this Weekend on what is reasonable vs extreme vs guaranteed.
Please keep in touch with Shad and I through email. We love hearing what all of you think about the markets, metals and companies we featured this week. Or email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Marc Chandler, Managing Partner at Bannockburn Global ForEx kicks off the show with a discussion ranging from an earnings season recap, currency moves with the Dollar remaining weak, Fed rate cut expectations and the de-dollarization narrative more in the media.
- Click here to visit Marc’s website – Marc to Market.
- Segment 3 and 4 – Christopher Aaron, Founder of iGold Advisors and Senior Editor at Gold Eagle wraps up the show by diving into the gold, silver and GDX charts. Christopher has never been this bullish on the show before. He explains a number of different factors he likes in the charts.
- Click here to visit the iGold Advisor website.
Marc ChandlerChristopher Aaron
Joel Elconin, Co-Host of The Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap the major earnings we saw this week, especially out of big tech, and the set up of many markets and sectors very close to high for the year. Joel also discusses the data on the inflation, GDP and jobs front. Overall many charts dating back to Q4 of 2022 look strong with higher highs and higher lows.
Click here to visit Joel’s PreMarket Prep website.
Craig Hemke, Founder of TF Metals Report joins us to review some of the upcoming economic data points to watch out for over the next 2 weeks, as we continue to see choppy range-bound markets across the board. We discuss the overall health of the price action we’ve seen in gold, silver, and the precious metals mining stocks over the last 6 months in a 2 steps forward then 1 step back stair-step progression higher.
In the most recent past few weeks, Craig notes the sentiment change we’ve seen based on the markets Fed rate hike expectations, and a reduction in concerns with the banking sector, lessoning the bid for the PMs in sympathy. He points to the FOMC meeting and the ECB meeting next week as potential market moving events. No doubt, we’ll see market participants parsing Jerome Powell’s comments to establish the tone and direction of markets until the next Fed meeting.
We wrap up discussing how many generalist investors and financial media are still out of touch with the ongoing stagflationary environment that is likely morphing towards a recession later in the year, and how the Fed will need to reverse course from hiking to cutting, kicking off another monetary cycle.
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Click here to visit Craig’s site – TF Metals Report.
Below is an email Robert Sinn, AKA Goldfinger send out to his subscribers this morning. As the title states it’s a rundown of Newmont’s earnings. There are some very interesting points he isolates within these earnings plus the chart at the bottom comparing gold’s returns to the miners since 1994 that jumped out to me. Please let us know your thoughts and what jumps out to you.
A big thanks to Robert for giving me the go ahead to post this for all of you.
Be sure to stay up to date with Robert on Twitter (click here) and on CEO.ca (click here).
… Here’s the email …
Newmont Corporation (NYSE:NEM) managed to engineer a better than expected quarterly earnings bottom line despite lower than expected gold production. Newmontgenerated $481 million of cash from continuing operations while reporting negative $45 million of free cash flow. Free cash flow was impacted by lower production volumes, timing of working capital changes and higher capital spend.
A few other items stood out from this morning’s report from Newmont: AISC (all-in sustaining cost) of production from its Nevada operation (NGM in combination with Barrick) rose to US$1,405 per ounce. * Once again Newmont is pointing to a back half weighted year with 55% of its annual production coming in the 2nd half of 2023. * Newmont sees AISC moderating to a range of $1,000-$1,100 per ounce and staying flat through 2027 I wonder if anyone reading this report actually believes that the cost of producing an ounce of gold will actually decline over the next four years.The Newmont chart leaves a lot to be desired, especially considering that gold is trading near $2,000/oz.NEM (Weekly)*The combined burdens of the gold mining industry cannot seem to keep up with the price of gold itself…In Gratitude, Robert
Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT – OTCQB:AZZTF) joins me to recap yesterday’s news reporting the first drill hole from the 2023 drill program at the Tombstone Property in Arizona. The total program is for 2,250 meters in 10 holes.
I have Simon provide more information on this initial drill hole, how it compares to 2021 drill results and where the rest of the holes in the program will be drilled. We discuss how this initial hole is validating the Company’s model based on historic mining.
If you have any follow up questions for Simon please email me at Fleck@kereport.com.
Click here to read over the full news release reporting this drill result.
Michael Henrichsen, Chief Geologist at Torq Resources (TSX.V:TORQ – OTCQX:TRBMF) joins me to update us on the ongoing drill program at the Santa Cecilia Project in Chile. The first drill hole has been completed to a depth of 1,060 meters with the second hole underway.
Michael and I discuss the overall 15,000 meter program including historic results that are guiding these initial 2 holes. I also have Michael recap the surface program, that is 80% complete, and how this will help guild the remainder of the drilling. The Company is looking for a large porphyry system much like the other deposits along the Maricunga belt.
If you have any follow up questions for Michael or the team at Torq Resources please email me at Fleck@kereport.com.
Click here to visit the Torq Resources website and read over the recent news we discussed.
Craig Taylor, CEO of Defense Metals (TSX.V:DEFN – OTCQB:DFMTF) joins me to bring us up to speed on the current resource and pilot plant at the Wicheeda Project in BC. We also discuss recent news that focused on the pilot plant and different testing parameters. This pilot plant will move the Company toward production of initial concentrates to market to potential offtake partners and will factor into the PFS (planned for next year).
If you have any follow up questions for Craig please email me at Fleck@kereport.com.
Click here to visit the Defense Metals website and read over the Corporate Presentation.
Sean Brodrick, Editor of Wealth Megatrends, and contributing analyst to Weiss Ratings Daily, joins us to share his reflections from the recent Money Show in Las Vegas, where he did 2 presentations for the audience there, and how these megatrends are filtering down into investing in commodities sectors like gold, silver, oil, nat gas, coal, and copper.
We cover a lot of ground in this discussion from the macroeconomic currents in the US with the debt ceiling debate, Fed policy, and recession expectations, to how things on the global stage are affecting things from OPEC cuts and Russian oil production. We also review how the Chinese economy reopening may counterbalance contracting economies, their increased investment in coal power in tandem with renewable energy, and the power generation impacts and demand that will arise from the growing focus on electric vehicles. We also note what Dr Copper may be saying about the global economic growth outlook.
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Click here to visit the Weiss Ratings Daily website to follow along with Sean’s market outlook.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review a number of historical references during inflationary periods where the Fed has shifted from rate hikes to rate cuts in just a little more than 2 months. For this reason, Jordan is not anticipating there to be much of a Powell Pause. Instead he believes as the economic reality shifts over from inflation concerns to a contracting economic picture and recession concerns, that the central banks will have hiked right up to the point where they’ll need to pivot and start cutting rates back lower again. We consider how a move like this would affect the US general equities and the precious metals sector, and Jordan will be watching the yield curve, gold versus the S&P 500, and the gold : silver ratio for clues as to when the PM sector should break out.
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Click here to visit Jordan’s site – The Daily Gold.
Quinton Hennigh, Technical Advisor at Lion One Metals (TSX.V:LIO & OTCQX:LOMLF & ASX:LLO) joins me to discuss the recent drill results, released yesterday, from the Tuvatu Gold Project, in Fiji. These results are at the URW1 lode, following results from our last interview from the URA1 lode. The Company has started initial mining from the URA1 lode and will be moving to the URW1 lode in the next 2-4 weeks.
Quinton and I discuss how the ongoing drilling, focused at different mineralized lodes, is guiding the drilling and confirming the size of the lodes. I also have Quinton compare the older drilling and results from the resource in the PEA to this current infill drilling. This all ties into the continuation of the initial mining and when the stockpiled ore will start going through the mill.
If you have any follow up questions for Quinton or the team at Lion One Metals please email me at Fleck@kereport.com.
Click here to visit the Lion One Metals website to read over the news release we discussed and view the drill intercepts.
Marco Roque, President and CEO of Cassiar Gold (TSX.V:GLDC – OTCQX:CGLCF), joins us to review the release of assays from the final 13 holes from last year’s drill program. Cassiar Gold’s 2022 exploration program comprised 23,000 meters in 70 diamond drill holes focused on strategic areas of the Taurus Deposit, as well as significant vein prospects in Cassiar South and other brownfields targets in British Columbia.
These 13 drill holes just released to the market on April 20th, totaled 5,259 meters and further explored for extensions of, and for new parallel veins associated with the high-grade, historically producing mines at Cassiar South. Drill hole# 22MM-001 intersected 15.9 m of 0.98 g/t Au, including 5.9 m of 1.50 g/t Au, 120 m west of historical workings and 260 m northwest of previously mined vein segments at the Main Mine area. Drill hole# 22MM-003 intersected multiple mineralized intercepts returning 50.2 m of 0.66 g/t Au, including 8.6 m of 0.95 g/t Au and 10.3 m of 0.92 g/t Au, 15.6 m of 1.22 g/t Au, and 9.0 m of 1.01 g/t Au.
Marco unpacks what the exploration team learned from these results in context with the key takeaways from the overall 2022 drill program, and some of the areas of focus for the year to come. We wrap up discussing the recently announced financing, where the underwriters have agreed to purchase 12,700,000 flow-through units of the Company to be resold to charitable purchasers at a price of C$0.75 per Charity FT Unit on a “bought deal” basis for gross proceeds of C$9,525,000.
If you have any questions for Marco on Cassiar Gold, then please email us at Fleck@kereport.com or Shad@kereport.com.
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Click here for a summary of all the recent news from Cassiar Gold.
Mike Stark, President and CEO of Arizona Silver Exploration (TSX.V:AZS – OTCQB:AZASF) joins us for an overview of the drill plans at the Philadelphia Project in Arizona. Slide 12 from the current Corporate Presentation, posted below, outlines the names of the areas drilled and the gap targets over 2KMs.
We start by having Mike recap yesterday’s news announcing the start of the deep drill program. These are the first holes to test for a feeder zone. All drilling to date has been to a maximum depth of 250 meters. Mike also shares the other areas that the Company plans to drill.
If you have any follow up questions for Mike please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Arizona Silver Exploration website to read over the Company’s recent news.
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review the strong daily rebound in gold within the context the last few weeks of the precious metals consolidating in sideways channel. The larger technical setup is still bullish and we reflect on the constructive nature of gold hanging around the $2000 level and silver hanging above $25. The miners have been a bit weaker lately, where we note the 10% corrective move in GDX and GDXJ on lower volumes. Even though the PM sector has had a nice rally for the last 6 months, ultimately it is going to take a breakout and monthly close above $2100 in gold to really bring in any more meaningful buying into the sector.
We touch on a number of the macroeconomic data points to be announced over the next 2 weeks that may move the markets, and also look at how the US dollar, interest rates, and general equities may factor into PM sector. We wrap up with firing off a few questions for The Junior Mining Junky to field on how he approaches investing in the junior gold and silver mining stocks, and what he looks for in quality exploration and development companies.
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Click here to visit the Junior Miner Junky website to follow along with Dave’s comments on PMs and the stocks he is buying or selling.
Matt Badiali, Editor of the New Energy Newsletter, Published under Mangrove Investor joins us for a focus on a couple key stories out of the lithium and copper sectors.
Starting with lithium, the Chilean government recently made comments about lithium in country that has some investors worried about projects being nationalized. This news has caused a significant selloff in lithium stocks focused in Chile.
For the copper sector we recap the Codelco production results that continue to show old assets producing less copper. Matt uses this at a further example of the major supply/demand imbalance for the copper sector. There are a lot of old copper assets supplying the market that only getting older and producing less.
Click here to visit the Mangrove Investor website to keep up to date with Matt’s commentary on critical minerals.
Warwick Smith, CEO of American Pacific Mining (CSE:USGD – OTCQB:USGDF) joins us to recap yesterday’s news release announcing the work program at the Palmer VMS Project in Southeast Alaska.
The total budget for he program at US$25.5 million with the Company’s JV partner, Dowa Metals & Mining, committed to funding the entire amount. American Pacific has the option to pay its pro-rata share of 2023 program expenses, in whole or in part, prior to October 31, 2023, to minimize or eliminate Project dilution.
If you have any follow up questions for Warwick please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the American Pacific Mining website and read over the full news release.
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), joins us to review the Q1 2023 operations at the Segilola Gold mine, located in Nigeria, and for the ongoing exploration around this Project, and at the Douta Project, located in Senegal.
Segilola gold production for the quarter was 20,629 ounces at an average grade of 2.95 grams per tonne of gold, where he mentioned the mill was still running above capacity and on target. The first quarter was forecast to be a bit lower throughput and grade than the rest of the year to come, due to higher strip ratios, but the mining will be moving into higher-grade areas more in the 3-4 g/t target range for the balance of the year. At Segilola there is also ongoing near-mine exploration at depth, but also regional targets, including the identification of new high grade quartz vein system within 15km of Segilola, with multiple high grade drillhole intercepts including 1m at 310g/tAu which equates to 10 ounces of gold per tonne.
At the Douta Project, there is ongoing metallurgical, geo-technical, and definition drilling underway to feed into the work needed for the Preliminary Economic Assessment (PEA) slated for delivery to the market by year-end. Additionally, there is more step-out drilling and infill drilling at the Makosa deposit, to move resources from inferred to indicated, as well as expansion drilling around 3 key new mineralized satellite discoveries at the Mansa, Maka, and Sambara targets. There will be plenty of exploration news to report for the balance of the year, to expand the recently updated resource of 1.78 million ounces of gold.
If you have any questions for Segun regarding the ongoing work at Thor Explorations, then please email me at shad@kereport.com.
*In full disclosure, Shad is a shareholder of Thor Explorations.
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Click here to read over the recent news out of the Company.
Ed Moya, Senior Market Analyst at OANDA joins us for a look ahead to earnings this week with big tech companies as the focus. We then switch our focus to the USD, gold and cyrpto sectors. All very much related and all moving in different direction, Ed shares his outlook for each.
Click here to visit the OANDA website to keep up to date on Ed’s daily market note.
Welcome to the Weekend Edition of the KE Report! It was another sideways week for markets but this has been the case the whole month of April and could go on for months longer. That doesn’t mean there isn’t opportunity to make money, you just need to be more selective. The focus for this Weekend’s Show is on investing strategies for flat markets keeping in mind the fear of recession in the second half of the year.
The guests this week are, in my opinion, some of the most accurate generalist traders we have on the show. These guys have been correct a lot over the bull and bear markets.
Please keep in touch with Shad and I through email. We love hearing your thoughts on the markets, our guests and the companies we feature throughout the week. Our emails addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Rick Bensignor, President of Bensignor Investment Strategies kicks off the show with a focus on US Markets, gold and oil. We also ask Rick how his incorporation of behavioral finance into his analysis weighs all the recession fears we hear everyday.
- Click here to learn more about Rick’s investment letters for individual investors.
- Segment 3 – Dana Lyons, Fund Manager and Editor of The Lyons Share Pro is up next to share his strategy for the flat US markets and his outlook moving forward, gold, bonds and Bitcoin.
- Click here to visit The Lyons Share Pro website to keep up to date on Dana’s investments.
- Segment 4 – Mike Larson, Editor-in-Chief at the MoneyShow wraps up the show by addressing the biggest debate for markets and the economy. Will a recession and market issues arise in the second half of 2023.
- Click here to visit the MoneyShow website to see what investment conferences are coming up.
Rick BensignorDana LyonsMike Larson
Mark Brennan, Founder, CEO, and Director of Cerrado Gold Inc (TSX.V: CERT) (OTCQX: CRDOF), joins us for a comprehensive overview of this relatively new growth-oriented gold producer and developer operating in Brazil and Argentina. We start off with how the company was formed a few years ago privately, before listing publicly in February of 2021, and how the team has worked together previously with both Desert Sun and Largo Resources.
We then dig in to the project details for both the large gold development Project, Monte Do Carmo, in Brazil, which will have a new Feasibility Study released to the market by the end of May; an also the producing Minera Don Nicolas gold mine in Argentina. Both projects have substantial exploration upside along their mineralized trends to keep expanding resources. In addition, both Projects also have further value being uncovered at depth, with proposed underground mining scenarios, beyond just the near-surface open pit development and exploration.
We wrap up the discussion having Mark share his background along with a few of the management team and board members that have worked together for 2 decades now, as well as management’s stake in the company, company financials, share structure, and key catalysts for the balance of the next 2 years.
If you have any questions for Mark regarding Cerrado Gold, then please email me at Shad@kereport.com.
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https://www.cerradogold.com/news/
Roger Moss, President and CEO of Labrador Gold (TSX.V:LAB – OTCQX:NKOSF) joins us to recap yesterday’s (April 19th) news release reporting drill results from the Appleton Fault Zone on the Kingsway Project in Newfoundland. The Company has completed approximately 69,000 meters of the total 100,000 meter drill program on the Project. The results in the news were at the Big Vein and Big Vein SW areas as well as the newly defined Greenmantle area.
We have Roger provide more information on this Greenmantle area going back to the initial discovery hole, announced in March. We also discuss how recent 3D modeling is helping to guild targeting and future drilling.
If you have any follow up questions for Roger please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to read over the full new release we discussed.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap a boring week for the markets which has been the story for the whole month. We discuss the earnings environment and earnings so far. We then ask what in the near term could be the next catalyst and how comfortable the Fed is with the economy and inflation.
For specific sectors we look to the drop in gold and silver today and oil’s dip below $80 after the pop earlier this month.
Click here to visit Joel’s website – PreMarket Prep
Leif Nilsson, CEO of Surge Copper (TSX.V:SURG – OTCQX:SRGXF) joins me to provide a comprehensive update on the Company’s Berg Project in west central BC. The Company signed an option agreement for the Project 2021 and re-issued a copper equivalent resource. This year the Company has a PEA in the works, to be released in a couple months and a drill program that will follow up on a few discoveries made last year and advance a number of new targets toward drilling. the Company also holds the Oosta Project that is connected to the Berg Project to the south east.
Leif starts off by providing a background on the Berg Project and the re-issued 2021 resource. I also ask Leif about the high-grade component of the deposit. We then move to the exploration program where Leif outlines the targets/areas that will be drilled and other regional targets. See Figure 1 below from the most recent press release to get a better understanding of the targets and how Berg and Oosta are connected.
If you have any follow up questions for Leif please email me at Fleck@kereport.com.
Click here to visit the Surge Copper website and read over the Corporate Presentation.
Figure 1. Summary map showing 2022 exploration work on the Ootsa-Berg project overlain on ZTEM 180 HZ Total Phase Rotation map.
Brien Lundin, Editor of The Gold Newsletter and our host at the New Orleans Investment Conference, joins us to discuss the sideways consolidation in precious metals sector at higher levels over the last few weeks, and why a breakout in pricing is what is needed to get more traction in the junior PM mining stocks. We reviewed the 2 steps forward, one step back, stair-stepping higher reaction for the last 6 months to the market expectations that Fed is getting near the end of their tightening cycle, and the eventual pause in any further rate hikes. Investor expectations using the Fed funds futures have made a huge turn from anticipating higher rates for longer, to now expecting a pause soon and potential cuts to rates later this year.
We wrap up discussing the mining stocks, where overall the larger cap names have been handsomely outperforming the moves in the metals on a percentage basis, but there are still highly discounted valuations and bargains to be found in companies that have derisked and defined resources in place. Brien mentions that companies with resources that are also doing good exploration work like Heliostar Metals (HSTR.V), Grande Portage Resources (GPG.V), and Maple Gold Mines (MGM.V) are some that have his interest at present.*
*In full disclosure, Brien Lundin may hold some companies listed in his own portfolio or recommend them in Gold Newsletter.
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Click here to visit the Gold Newsletter website.
Over the past 2 months we have chatted a lot with HelioStar Metals (TSX.V:HSTR – OTCQX:HSTXF) President and CEO Charles Funk about the acquisition of the Ana Paula Deposit. The Company’s strategy is to focus on the high grade area of the deposit to move toward underground production. Yesterday, April 19th, the Company announced the start of drilling at this high-grade gold panel.
I have Charles provide an overview of the 3,000-3,600meter drill program. The program has 3 main goals; 1) to increase the size and grade of the resource and reserve, 2) provide the geotechnical information required to complete underground mine planning and 3) provide metallurgical samples testwork designed to improve gold recovery and simplify the mill flow sheet. Refer to Figure 1 below for an overview of the targets and historic drill results.
Here is a summary of historic drill results at the high-grade area.
- 231 m grading 7.5 grams per tonne (g/t) gold
- 120 m grading 11.2 g/t gold
- 81.1 m grading 14.5 g/t gold
- 57.6 m grading 18.6 g/t gold
- 63.4 m grading 15.3 g/t gold
If you have any follow up questions for Charles please email me at Fleck@kereport.com.
Click here to read over the full news release outlining the drill program.
Figure 1: Resource model from 2017 PFS highlighting the High Grade Panel (clipped to greater than 5g/t resource blocks). Growth targets are shown in the red circles and infill areas with potential to increase the grades are shown in white circles.
Tavi Costa, Portfolio Manager at Crescat Capital joins us to discuss what Crescat looks for in an exploration program and overall land package when deciding whether or not to invest. There is a lot that Tavi brings up both on the positive and negative side, including land size, past mining or infrastructure and how the company has raised money in the recent financing.
If you have any questions for Tavi please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to learn more about Crescat Capital.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review both the technical and fundamental set up in the markets, and why both the general equites and the precious metals sector can continue higher before a more meaningful market correction.
Things will vary based on how many more rate hikes the Fed fits in before pausing, and how the soon the potential rate cuts could start later in the year based on economic data and a contraction or recession deepening. Jordan lays out 2 scenarios that could play out, heading into the inevitable first central bank rate cuts, based on where pricing goes leading into that event. In the more near-term, he is watching to see how gold responds to a pullback to the 50 day and 150 day moving averages for first potential support.
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Click here to visit Jordan’s site – The Daily Gold.
The biggest debate for investors over the past few weeks, and even months, is will there be a larger recession and market pullback later this year?
Jesse Felder, Founder and Editor of The Felder Report joins us to address this debate and share his thoughts on where the economy and markets are going. We ask his time frame and the key data is will be watching over the next two quarters. We also have Jesse share the sectors he thinks are in for the next major bull run. Hint, it’s commodity focused.
Click here to visit the Felder Report website to keep up to date with Jesse’s market and economic outlook.
Josef Schachter, Founder and Editor of the Schachter Energy Report and the Eye On Energy Report joins us to focus on the oil and natural gas prices.
After the short term breakdown in March for oil, down to $64/barrel, oil rebounded and broke above $80, up to $85. Josef dives into the oil sector data and compares the OPEC announced cut to the actual production cut. He also shares demand numbers that continue to drop.
On the natural gas front we ask Josef is this sector is more likely to go on a run higher due to the continued depressed price.
Click here to visit the Schachter Energy Report website and learn more about both Reports.
Jeff Christian, Managing Partner at the CPM Group joins us to focus on the factors driving gold to over $2,000/oz and holding above that level. We have heard a wide range of opinions on what has continued to push gold higher in this most recent run so I wanted to get Jeff’s thoughts on it. He points to investment demand coming from a few key areas. This type of demand is much more important than some of the other factors, such as Geo-politics and war fears.
We also chat about the supply side of gold and how the majors are fairing with this higher gold price. Will we see majors look to expand production or stick to the focus of higher margin ounces?
Click here to keep up to date with the CPM Group and Jeff Christian.
Dave Erfle, Founder and Editor of The Junior Miner Junky, reviews the larger bullish technical setup in gold, silver, GDX, and GDXJ, and how different types of precious metals stocks are reacting to these higher prices. We start off discussing the technical setup, and that gold has been consolidating over $2000, silver over $25, and the larger cap PM stocks have been outperforming the upward moves in the metals for the last 6 months.
Next we discussed that in addition to the bullish longer-term 12 year cup & handle pattern that, another ratio he is watching is gold in relation to the S&P 500, as it approaches the 50% level once again. He also compares this set up to the period in the early 2000’s when gold had spend over a dozen years trying to break solidly above $500, out of a similar cup & handle pattern, and started to outperform the general US equities. We wrap up with getting Dave to outline how he’s been approaching investing in the gold and silver mining stocks in this environment.
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Click here to visit the Junior Miner Junky website to follow along with Dave’s comments on PMs and the stocks he is buying or selling.
Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins us to review the recent drill results from the Tonopah North Lithium Project, as well as the coming exploration strategy at both Silver Cloud and the Tonopah West Project in Nevada.
At the Tonopah North Lithium Project, their option partners, Tearlach Resources (TSX.V: TEA – OTC: TELHF), just released high-grade lithium assays from 5 diamond core holes, with and additional 6 more holes still pending results back from the assay labs in the near future. Tearlach’s drilling has confirmed Blackrock’s original Tonopah North lithium discovery with core drill holes delivering grades that range from 40-85% higher than the corresponding original reverse circulation intercepts drilled by Blackrock. These results substantially increase the grade and expand the mineralized zone at the project. All drillholes intersected broad zones of lithium mineralization in excess of 400 ppm, each having intervals greater than 1,000 ppm Li, including the highest-grade intercept at Gabriel to date of 1,460 ppm Li;
Next, we discussed the drill plans or a Phase 1 drill program at its bonanza-grade discovery drillhole in Northwest Canyon on the Silver Cloud Project. The initial plan is to drill 2,000 meters starting in a few weeks and stepping out from the discovery made last year. Additionally on the exploration side, we highlight the 4,000 meters of drilling planned after that, later in the summer at the company’s flagship Tonopah West Project. With one of the highest-grade undeveloped silver-gold resources in the world, the goals will be to not only grow the resource through more drilling, but also a better interpretation of the prior drill holes and vein orientation, that will all be working towards an updated mineral resource early next year. There will be plenty of exploration news hitting the wires over the months to come from all 3 projects.
If you have any follow up questions for Andrew regarding Blackrock Silver, then please email me at Shad@kereport.com.
- For full disclosure, Shad is shareholder of Blackrock Silver.
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Click here to visit the Blackrock Silver website to read over the recent news we discussed.
Stuart Harshaw, President and CEO of Nickel Creek Platinum (TSX:NCP – OTCQB:NCPCF) joins us to recap the April 11th news release announcing drill results from the Arch Target on the Nickel Shäw Project in Yukon.
We focus on this Arch Target which is pre-resource and the drilling to date. We discus how this area could feed higher grade ore into the larger Wellgreen Deposit. For the Wellgreen Deposit there is a Pre-Feasibility Study coming this summer then a move to a Feasibility Study next year.
If you have any follow up questions for Stuart please email me us at Fleck@kereport.com or Shad@kereport.com.
Click here to visit the Company website and read over the full news release we discuss.
Mike Konnert, President and CEO of Vizsla Silver (TSX.V;VZLA – NYSE:VZLA) joins us to recap drill results from the past month and a half at the Company’s Panuco Project in Mexico. Drill results were from Copala (March 1st), La Luisa (March 20th) and Napoleon (April 13th). We focus more on the La Luisa area as this is a newer discovery, contains higher gold grades and was not included in the most recent resource update.
As the Company continues the 90,000 meter drill program we have Mike outline the focus of the program and plans to upgrade the resource and go through an economic study.
If you have any follow up questions for Mike please email us. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Vizsla Silver website and read over all the recent drill results.
John Rubino, Founder of the Dollar Collapse website and editor of his recently launched newsletter over at Substack, joins us for a broad discussion on macroeconomic factors moving the markets, and some specific investing trends in various commodities like farmland, gold, uranium, and resource stocks. We start off discussing expectations around Q1 earnings season, and if valuations and P/E ratios even mater any more. Next we discuss the huge challenge facing the commercial real estate industry, how it could spell contagion problems for regional banks and insurance companies, and how a further slowdown in bank lending could accelerate an economic contraction or push us into a recession.
This then leads into the larger concerns from other nations take note of more systemic issues in our banking sector, the forecasts for slowing growth, and the desire from the BRICS nations to start trading bilaterally outside of the US dollar. Because of the potential embedded inflation that this de-dollarization trend may result, John feels investors best protection is diversifying into tangible real goods and resources that the government can’t inflate away, and still sees a good opportunity in farmland, gold, uranium, and the related mining stocks.
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https://rubino.substack.com/
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to share his outlook for a wide range of stocks. With many people, including the Fed, predicting some form of a recession later this year a wide range of stocks are showing continued short term strength. While this could be a calm before the storm (a much larger market pullback), TG points our that a lot of stocks have built solid bases last year and re-priced to reasonable levels.
Click here to visit TG’s site – Profit Pilot.
Ed Moya, Senior Market Analyst at OANDA joins me to discuss the start of earnings season and the major trends he is watching. While market are off their lows from last year Ed is still a bit worried about the global economy and the Fed possibly having a couple more rate hikes in the coming 2 meetings. We also look to the USD which bounced off key support on Friday. There have been some bigger money bets put on for the Dollar but this might only be a short term bounce.
Click here to visit the OANDA website and read over Ed’s daily market note.
Rick Van Nieuwenhuyse, President and CEO of Contango Ore (NYSE-A:CTGO) joins me to discuss the recently completed project financing for the Company’s share at the Manh Choh Project and exploration outlook for the Lucky Shot Project. Both Projects are in Alaska.
At Manh Choh the Company is a 30% non-operating partner with Kinross the 70% operating partner. On March 20th Contango Ore announced a US$70million senior secured loan facility with ING Capital and Macquarie Bank. I have Rick explain how this deal came together and cash-flow estimates for the asset at these higher gold prices.
On the exploration front, we focus on the Luck Shot Project and the initial Resource Estimate coming out very soon.
If you have any follow up questions for Rick regarding either of the Projects we discussed please email me at Fleck@kereport.com. I’ll have Rick address any questions when I follow up with him on the back of more news.
Click here to visit the Contango Ore website and read over the recent news including the financing.
Welcome to the KE Report Weekend Show! Precious metals and energy stocks continue to move higher so we focused the entire show on these sectors for investors wondering if they have missed the move or if this truly will be long term bull market.
- Segment 1 and 2 – Matt Geiger, Managing Partner at MJG Capital kicks off the show with a focus on the move in gold close to all-time highs and what other commodity companies are within his fund’s portfolio. With everyone wondering if gold will finally breakout and hold all-time highs. Following through on this we discuss when the broad move higher will come for many of the gold and silver stocks. In terms of other metals Matt shares why his thoughts on copper and lithium.
- Click here to learn more about MJG Capital.
- Segment 3 and 4 – Dan Steffens, President of the Energy Prospectus Group wraps up the show with a focus on oil and gas and the underlying stocks. After a very short breakdown in March the oil price has recovered strongly along with the stocks. We start with the key oil data and when discussing the stocks, which stocks are best postioned to take advantage of the higher oil price.
- Click here to visit the Energy Prospectus Group website and keep up to date on Dan’s coverage of the stocks.
Matt GeigerDan Steffens
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show and Editor of The PreMarket Prep website wraps up our Daily Editorials for the week by focusing on the reversal for most markets on Friday. US markets and gold reversed from key technical resistance levels while the USD bounced off support that could have seen it move to lows for 2023. Joel points to the rotation out of tech into financial stocks on the bank of big bank earnings as one factor but the overwhelming theme remains, market are range bound.
Click here to visit Joel’s website – PreMarket Prep.
Cole Evens, CEO of Enduro Metals (TSX.V:ENDR – OTCQB:ENDMF) joins me to recap the April 11th news release reporting a new porphyry target on the Newmont Lake Project, along the Newmont Lake porphyry trend. I have Cole speak to Figure 1 in the release showing the sampling and geophysics results.
Cole provides a background on the area and explains how the ice has melted away exposing this new target. We discuss how this target will factor into the Company’s exploration strategy this year.
if you have any follow up questions for Cole please email me at Fleck@kereport.com.
Click here to visit the Enduro Metals website and read over the full news release.
Figure 1: Total Magnetic Intensity Drone Survey over the North Toe prospect.
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website joins me to recap the US economic data from this week and the market reversal today. The data showed both the economy and inflation slowing more than expected but by week’s end Fed rate hike expectations had grown to over 80%. this seemingly pushed the USD higher and markets lower.
Click here to visit Marc’s website – Marc to Market
Brett Heath. President and CEO of Metalla Royalty & Streaming (TSX.V:MTA – NYSE:MTA) joins me to recap the 2022 Financial Results, reported on March 31st, provide asset updates for a number of royalties in the portfolio and the outlook for this year in terms of transactions. There were 24 asset updates in the news release so be sure to click the link below to read over all the updates.
We start by recapping the busy Q4 2022 for acquisitions. This ties into the financial results which I have Brett recap for 2022 and look ahead to other assets that will be bringing in cash flow in the near term. We also discuss how the higher gold price and overall better gold market impacts the Company and the outlook for transactions this year.
If you have any follow up questions for Brett please email me at Fleck@kereport.com.
Click here to read over the full news release Brett and I discussed.
Doc Jones, Private Investor and editor of DrJonesResourceInvestor.com, joins us to discuss different aspects of investing in the resource stocks in gold, silver, copper, nickel, lithium, oil, and natural gas. We start the discussion off with a change in outlook for the precious metals sector, where he has been more actively involved lately and taking on a few new positions. He mentioned his interest in the earlier stage explorer Regency Silver (TSXV: RSMX) (OTCQB: RSMXF) based on some initial encouraging drill results, and also that he has recently participated in a financing with Western Alaska Minerals (TSX.V: WAM) (OTC: WAMFF) as they continue to expand and derisk their copper-gold porphyry project.*
Next we jumped over to the critical minerals trend, and the huge amount of investor interest over the last few years, due to all the positive tailwinds we see behind the green energy policies and investment capital flows. He explains why he is more interested in investing in critical minerals like copper, nickel, zinc, and lithium, and outlines 2 companies at various stages of the mining cycle that he has invested in personally. He first mentioned Sigma Lithium (TSX.V:SGML, NASDAQ:SGML), a near-term lithium producer in Brazil, and then moved over to the battery metals developer Magna Mining (TSX.V: NICU; OTC: MGMNF), and recent exploration results returning solid nickel, copper, PGM values.*
Because of his background investing in the traditional oil and nat gas stocks for over 2 decades, we wrap up with his outlook on the energy space, with his continued focus on Canadian companies with more established teams and assets with true scale and stability, along with robust dividends. He noted both Birchcliff Energy (TSX: BIR; OTC: BIREF) as an example of a solid dividend paying companies with excellent financials and growth built in as nat gas prices improve.*
- Doc Jones is not paid by any company to discuss these stocks, and these are simply what he is doing with his own money in his own portfolio, and this is not investment advice.
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https://drjonesresourceinvestor.wordpress.com/
Craig Hemke, Founder of TF Metals Report joins us to discuss the lack of interest in gold and especially the gold stocks considering gold is a fraction away from all-time highs. One would expect the media to be covering the PMs more and commercials on TV for gold investments, much like what we saw back in 2011. This is not the case now… Maybe it’s because there are more options for investors to put money into or the lack of new funding avenues for companies, or maybe interest will never get back to those levels of a decade ago. Or maybe it’s just a matter of time before a flood of money comes into the space.
Click here to visit Craig’s site – TF Metals Report.
Greg Johnson, CEO and Executive Chairman of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), and Chairman of the Metallic Group of Companies, also including Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF) and Granite Creek Copper (TSX.V:GCX – OTCQB:GCXXF), joins us to recap the exploration news from Metallic Minerals that was just released to the market on April 10th at the Keno Silver Project in the Yukon. There has been an ongoing 3,265 meter drill program focused on target extension drilling at the advanced-stage targets (Caribou, Formo and Fox) in anticipation of an inaugural NI 43-101 mineral resource estimate for the Keno Silver project later in 2023.
- Hole CH22-01 intersected two separate higher grade vein intervals within a broad zone of bulk tonnage mineralization. A 0.5 meter interval contained 348 (g/t) silver equivalent and another intercept of 0.5 m of 1,201 g/t Ag Eq bounding a zone of 34.2 m grading 38 g/t Ag Eq.
- The southernmost drilling at the Caribou target demonstrated a further extension with 1,310 g/t Ag Eq encountered over 0.5 m at a near-surface depth of 44 m in hole CH22-05.
Next we discussed the ongoing exploration work still underway at the La Plata Project in Colorado, that had an initial copper resource put out in April of 2022, but drilling last year showed significant amounts of silver, gold, and even platinum group elements that are contributing to a robust mineralized system, that could potentially host multiple porphyry clusters. The exploration team is in planning to get this year’s exploration program mapped out, with plans to start up drilling late May or early June.
We also revisited the production royalty agreement at its Australia Creek property in the Klondike Gold District of Canada’s Yukon Territory. This is with Little Flake mining, a company owned and operated by Parker Schnabel of Discovery Channel‘s top-rated television series, “Gold Rush.” Greg unpacks that mining will be starting in June on their first royalty deal in their Klondike Alluvial claims and this can expand into more royalties along their on 5 ½ miles of alluvial gold claims.
If you have any follow up questions for Greg on Metallic Minerals, or any of the Metallic Group of Companies, then please email me at Shad@kereport.com.
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Click here for a summary of the recent news out of Metallic Minerals.
Andrew Thomson, President and CEO of Palamina Corp (TSX.V:PA – OTCQB:PLMNF) joins me to provide an update on the Winshear Gold arbitration with the Tanzania government and the exploration plans at the Company’s Projects. Palamina owns a 19.95% interest in Winshear Gold and a 2% NSR on Winshear Gold’s Gaban Gold Project.
On the exploration side Palamina has a drill on site at the Usicayos Project but drilling will not be starting right away. Andrew takes us though the steps needed to be completed for drilling to start. We also discuss the options the Company is weighing for financing a drill program.
If you have any follow up question for Andrew please email me at Fleck@kereport.com.
Click here to visit the Palamina Corp website to read over the recent news and keep up to date with the Company.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review the overall bullish posture that the precious metals sector has been in for some time; and while overbought, he feels the balance of probabilities is for higher metals prices before a more meaningful correction in the sector. Jordan is encouraged to see silver and the PM mining stocks outperforming gold recently, another point he reiterated was the positive breadth thrusts across the the advance/decline line and rate of change signals he follows, which is constructive for the whole sector.
As for concerns about the overbought conditions, he points out that in a true bull market that conditions can stay overbought longer than expected, and that corrective moves, like the 8% move down in gold that we saw in February/early March are more shallow and shorter than many are used to.
We wrap up with Jordan outlining that there is still plenty more room for upside appreciation in the metals and mining stocks, and that at this point in the newly developing secular bull market that buying and holding a well-selected portfolio, is more important that trying to overtrade the sector. In particular he highlights growth-oriented gold producers and silver stocks as two areas he believes will offer significant leverage to rising metals prices.
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Click here to visit Jordan’s site – The Daily Gold.
Michael Hennrichsen, Chief Geologist at Torq Resources (TSX.V:TORQ – OTCQX:TRBMF) joins me to provide an update on the 15,000 meter program underway at the Santa Cecilia Project and recap the April 5th news release reporting 5 new targets on the Margarita Project. Both Projects are in Chile.
Drilling will continue at Santa Cecilia until a winter break, when the drill will move over to the Margarita Project.
Recapping the April 5th news release, 5 new targets were identified on the Project – see Figure 2 from the news release posted below. I ask Michael about the higher priority targets when it comes to the upcoming Q3 drilling and how many meters are needed to determine which targets warrant follow up drilling.
If you have any follow up questions for Michael or the team at Torq please email me at Fleck@kereport.com.
Click here to visit the Torq Resources website and read over the full news release reporting the new targets on the Margarita Project.
Figure 2: Illustrates newly identified targets based on gold-in-soils geochemistry across the property. Gold geochemistry results have demonstrated the potential for growth at the Falla 13 discovery, both along strike to the north-northwest as well as along a parallel structure to the east. In addition, five undrilled anomalies were defined across the project area, which will also be a focus for the planned upcoming drill program that is expected to commence in Q3 of 2023.
I was introduced to MustGrow Biologics (TSX.V:MGRO – OTCQB:MGROF) late last year at a conference in Vancouver. The Company is an Ag-Tech company whose technology extracts and concentrates natural compounds from the mustard plant for use as a natural, organic bio-pesticides.
Corey Giasson, President and CEO of MustGrow Biologics joins us to introduce the Company’s strategy to bring the technology to commercialization. We start with an overview of the technology and global pesticide market. The next big strep for the Company will be to bring this technology to commercialization and mass production. On this front we ask Corey about the trials already undertaken with major companies as partners and what
At the end of the interview we cover some other Company fundamentals including share structure, cash position and key news to watch for over the next 6-12 months.
If you would like any further information on MustGrow or have any follow up questions for Corey please email me at Fleck@kereport.com.
Click here to visit the MustGrow website and read over the Corporate Presentation.
Nick Appleyard, President and CEO of Tristar Gold (TSX.V:TSG – OTCQX:TSGZF) joins me to update us on the permitting progress at the Castelo de Sonhos Project in Brazil. The Project has a 2.5 million ounce gold resource (1.8 million ounces in indicated and 700,000 ounces in inferred) and has a PFS from 2021.
Nick explains the next couple near term permitting steps, starting with a site visit in early May followed by a public hearing. I also have Nick update us on other assets/companies going through permitting in Brazil.
If you have any follow up questions for Nick please email me at Fleck@kereport.com.
Click here to visit the Tristar Gold website to learn more about the Company and to follow along with the upcoming permitting news.
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to discuss the technical setup in gold, silver, GDX, and GDXJ, and a recent historical analog that suggests the precious metals sector is ready for a major move higher. We start off discussing the technical setup, and that gold just put in it’s highest monthly and quarterly close in March, and was just $1 away from its highest weekly close in early April. After such a solid move, and despite having remained overbought, the PMs are not falling out of bed here and have not yet corrected down as much as many have been calling for. Gold has been hovering around $2020, while silver has been remained back above $25, and the more liquid PM stocks have been outperforming the upward moves in the metals for the last 6 months and especially since the banking crisis in March. Dave provides some support and resistance levels he is watching closely in the PM sector for the short to medium-term.
Next we discussed the longer-term 12 year cup & handle pattern that, if triggered, could resolve to a much higher price level in gold. Dave reiterates that what may cause an influx of new buyers to come in and push prices higher will be once the 12-year resistance level of $2000 is a solid floor moving forward. He also compares this set up to the period in the early 2000’s when gold had spend 15 years trying to break solidly above $500, out of a similar cup & handle pattern, and it eventually broke all the way up to $1921, essentially going up 4-fold. This similar big picture setup bodes well for much higher gold prices in the longer-term.
We wrap up with getting Dave to outline how he’s been approaching investing in the gold and silver mining stocks, favorable pricing environments, what to look for in management, how having a few optionality plays make sense, the importance of companies that are well-capitalized an know how to raise at the right times, and the leverage and outperformance in the mining shares that is still to unfold when the metals truly break out to new highs.
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Click here to visit the Junior Miner Junky website to follow along with Dave’s comments on PMs and the stocks he is buying or selling.
Critical minerals have been drawing a lot of media coverage, government support and investor interest recently. I think a lot of you all know how exited I am about the government support for these metals and the new funding options available for companies.
In my concerted effort to bring on more commentary for these minerals we will be chatting on a regular basis with Matt Badiali, Editor of the New Energy Investor newsletter and Founder of Mangrove Investor.
Today we asked Matt which of the critical minerals he things have the best long term investment outlook. The focus is on copper, nickle and lithium. We discuss the types of deposits for each and the companies Matt is following.
Please send us any topics you would like us to discuss with Matt for future interviews. Feel free to include any companies you would like us to discuss. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Be sure to visit the Mangrove Investor website and look into subscribing to one of Matt publications. There is a free letter as well as a couple other letters.
I get all of Matt’s letters and they are very good for all investors looking at the critical minerals.
Today, Fury Gold Mines (TSX:FURY – NYSE:FURY) announced this year’s exploration plans at the Eau Claire Project in the James Bay region of Quebec. The Company sates 3 key goals of the 15,000-20,000 meter drill program. These goals are: 1)continuing expansion of the high-grade Eau Claire resource; 2) following up on the 2022 success at the Percival Prospect 14 kilometres (km) to the east of Eau Claire; and 3) advancing several early-stage exploration targets along the Cannard Deformation Zone to the drill ready stage.
Tim Clark, President and CEO and Bryan Atkinson, Senior VP of Exploration at Fury Gold Mines joins me to dive into the news release and focus on each of the 3 goals. We start with the Western Hinge Target, see Figure 1 below, to outline the target and where the current resource is located. Next we move to the Percival Prospect, see Figure 2 below, and where those drill holes will be located. Finally we discuss the newer, early stage targets along the Cannard Deformation Zone.
If you have any follow up questions for the team at Fury Gold Mines please email me at Fleck@kereport.com.
Click here to visit the Fury Gold Mines website and read over the full news release we discussed.
Figure 1: Eau Claire Deposit long section area illustrating the resource block model and locations of the proposed 2023 Drilling in relation to previous drilling.
Figure 2: Percival Long Section depicting the proposed locations of the 2023 follow-up drilling targeting the continuation of a steeply west plunging fold.
Quinton Hennigh, Technical Advisor at Lion One Metals (TSX.V:LIO – OTCQB:LOMLF – ASK:LLO) joins me to recap the April 3rd news release announcing the start of high-grade gold mining at the Tuvatu Gold Project, in Fiji. This initial mining is focused at near-surface, high-grade gold bearing mineralization from a recently discovered mineralized lode. This lode was discovered just last year.
I kick off the interview by having Quinton explain the mining strategy of starting small by using the underground infrastructure to confirm and validate the Company’s drill results. Quinton refers to Table 1 and 2 in the news release to compare the results from underground sampling and initial mining to the drill results. I also have Quinton provide a general timeline for ramping up mining at the Project.
If you have any follow up questions for Quinton regarding Lion One Metals please email me at Fleck@kereport.com.
Click here to visit the Lion One Metals website and read over the most recent news release.
Walter Coles, President and CEO of Skeena Resources (TSX:SKE – NYSE:SKE) joins e to recap the April 5th news release announcing the Company retaining 1`00% ownership in the Snipp Project in the Golden Triangle of BC. Hothschild Mining terminated it’s option to earn up to 60% in the project. To date Hothschild spent about $15million at the Project.
Walter and I start by discussing why Hothschild steeped away from the Snipp Project. I then have Walter explain the vision for the Snipp Project as it will compliment the Eskay Creek Project. We discuss the exploration planned for the Project and the overall goal of increasing the high-grade portion of the resource.
If you have any follow up questions for Walter or the team at Skeena Resources please email me at Fleck@kereport.com.
Click here to visit the Skeena Resources website and read over the recent news releases.
Marco Roque, President and CEO of Cassiar Gold (TSX.V:GLDC – OTCQX:CGLCF), joins us to provide a comprehensive exploration update from multiple areas of focus at the Cassiar Gold Project, in BC. Cassiar Gold’s 2022 exploration program comprised 23,000 meters in 70 diamond drill holes focused on strategic areas of the Taurus Deposit, as well as significant vein prospects in Cassiar South and other brownfields targets.
We review some of the recent bulk-tonnage style drill intercepts stepping outside of the existing pit shell at Taurus West, with drill hole# 22TA-180 intersecting 71.6 m of 1.54 g/t Au from 177.5 m down hole, including 23.5 m of 3.68 g/t Au, expanding mineralization beyond the resource block model along the Taurus West Fault. Results reported here contribute to the progressive expansion of mineralization both within and near the footprint of the Taurus Deposit and further demonstrate continuity of a higher-grade corridor of gold mineralization at the western extent of the deposit.
Next Marco outlined the seven holes totaling 2,380 meters, announced on April 4th, from the East Bain Extension and West Bain areas of the past-producing Bain vein system Bain vein target in the Cassiar South project area. Drill hole# 22EBX-103 intersected multiple mineralized intercepts which include:
- 14.6 m of 2.21 g/t Au, from 159.5 m downhole, including 4.0 m of 5.05 g/t Au, identifying a potential offset continuation of the past-producing Bain vein system 90 m from previous drilling.
- 2.16 m of 32.95 g/t Au from 361.9 m downhole, including 0.55 m of 123.50 g/t Au proximal to the Bain vein, and potentially representing a new parallel vein.
Results from 13 drill holes totaling 5,259 metres of drilling from this program are yet to be disclosed as the Company continues to await the return of additional assay results. Looking forward, the details are still being finalized for the 2023 drill program, but it will likely be of similar size to last year’s program, focused at Cassiar North, Cassiar South, and also testing additional regional targets like Wings Canyon, Lucky, and Snow Creek.
If you have any questions for Marco on Cassiar Gold, then please email me at Shad@kereport.com.
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Click here for a summary of all the recent news from Cassiar Gold.
Welcome to another KE Report Weekend Show! On this Weekend’s Show we focus on the continued rise in gold, silver and the underlying stocks. With gold approaching all-time highs and select stocks moving higher over the past 5 months we thought it was appropriate to focus this show on the PMs and how to best invest in this run higher.
- Segment 1 and 2 – Doc kicks off the show by sharing his outlook and investing strategy in gold, silver and gold stocks. This is the most bullish I have heard Doc ever on the metals. He does note that it will not be a straight up move but all dips he is buying.
- Segment 3 – Brien Lundin, Editor of The Gold Newsletter joins us to discuss which stocks are moving. Since this has been a very selective move for gold stocks where the mid-tiers and select juniors are outperforming.
- Click here to learn more about Brien’s Gold Newsletter.
- Segment 4 – TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website wraps up the show with a shift in focus to the US markets. Markets are showing a lack of direction but are generally hanging up better than many were thinking. TG shares a couple key chart aspects to watch for any sotck you are following.
- Click here to listen to TG’s Bull/Bear Market update.
Doc Brien LundinTG Watkins
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to reflect on the importance of share structure when investing in junior gold and silver mining stocks. He makes the point that has to roll the dice more on assay risk with companies with tight share structures, as they could move up substantially on a good drill results, whereas one can wait until after assays are released on companies with more bloated share structures, where the good news may not move the needle quite so much.
Erik mentioned that with larger share structure in Gold79 Mines (AUU) (AUSVF) that he was happy positioning after the positive drill results, as the shares didn’t move much and yet the risk/reward set up on the exploration improved substantially. In contrast, Erik mentioned he is positioned in Irving Resources (IRV) (IRVRF) ahead or more assays being released because not only does he like the prospectivity of hitting, but they have a tighter share structure, and thus could move up more on positive results.*
We wrap up by discussing how he views the importance of the amount of outstanding warrants in a junior mining stock, what their strike price is, and if this factors into where pricing could get stalled out even on good news. Ultimately he feels like this just frustrates shorter-duration traders, but actually subsidizes longer-term value investors with more time to accumulate an under-valued fundamental picture unfolding over time.
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and are also site sponsors of The Hedgeless Horseman website.
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Click here to visit Erik’s site – The Hedgeless Horseman
Ryan King, Senior VP of Corporate Development and IR at Calibre Mining (TSX: CXB – OTCQX: CXBMF), joins us to recap the Q1 2023 operations results and the overall organically-funded exploration strategy, continuing grade-driven growth of the resources in both Nicaragua And Nevada.
There was consolidated quarterly gold production of 65,750 ounces and gold sales of 65,770 ounces, which was 27% increase in gold production compared to Q1 2022. The consolidated 2022 Mineral Reserves increased 370%, since acquisition in 2019, to 1,346,000 ounces gold, and the consolidated 2022 M&I Mineral Resources increased to 4,603,000 ounces gold.
We discussed the high-grade mining commenced ahead of schedule at Pavon Central open pit averaging a delivery rate 1,000 tonnes per day to the Libertad mill. The next key area of development and near-term production in the second half of this year will be coming from Eastern Boros, where permitting was approved last year in Q4 as well as commencement of construction. Both of these 2 new mining areas will continue adding in higher grade throughput through the Libertad Mill. There is also aggressive ongoing exploration focused on prior high-grade drill results from Panteon North, new zones around the Libertad Mill, Veta Azul, Volcan, and also new targets at Buena Vista and La Fortuna.
Next we transition over to the Nevada assets, and all the ongoing exploration work the company has underway around both the Pan Mine area and at the development-stage Gold Rock Project. The exploration team is encouraged by recent drill results stepping out from the known mineralization and finding higher grade gold intercepts at the Coyote target, as well as stepping out from the Pan Mine area. There are also some targets on drilling some deeper ‘Carlin Style’, sulfide mineralization at Gold Rock Deep. We wrap up by reviewing some of the recent high-grade gold intercepts that were released from the Golden Eagle Project in Washington state, the 2 million ounces of gold in the ground there, and some of the larger majors projects in the area that represents future optionality for this project.
If you have any follow up questions for Ryan on Calibre Mining, then please email us at Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Calibre Mining.
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https://www.calibremining.com/news/
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Q1 2023 Financial Results and Conference Call Details
First quarter financial results will be released after market close on Monday, May 8, 2023, and management will be hosting a conference call on Tuesday, May 9 at 10:00am (ET) to discuss the results and outlook in more detail.
https://edge.media-server.com/mmc/p/77jbhopx
Craig Hemke, Founder and Editor of TF Metals Report joins us to discuss the moves in gold, approaching all time highs. As gold gets a bit more media attention we ask if gold will finally move away from being just a old person investment.
On the stock side Craig shares his thoughts on why the PM stocks are so far off of their respective highs. He has some good thoughts on how the market and investor has changed for PM stocks.
Click here to visit TF Metals Report and follow along with Craig’s commentary.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review the technical support and resistance price levels he is watching in gold, silver, GDX, and GDXJ. We start off reviewing the all-time high monthly and quarterly close we saw last week to close up March, and that we have a chance to make a new all-time high weekly close based on where things are currently if things hold up going into Friday’s close. Jordan is encouraged to see silver and the PM mining stocks outperforming gold recently, and noted that GDX and GDXJ did pop above key resistance yesterday, and we’ll need to see some follow though. Another point he stressed was that a key indicator he follows, the advance/decline line and rate of change is signaling that we may see a healthy breadth thrust across the gold and silver mining stocks, which is constructive for the whole sector.
Next we got into a nuanced discussion about where the PM mining stocks are at present, and that many of them should actually be referred to as cheap, rather than undervalued; with the later designation being reserved for companies that do have resource estimates or economic studies that indicate that they have true value that is not being properly factored in. For many stocks in the sector though, especially the earlier stage drill-plays, they don’t really have the demonstrated and defined value to leg to stand on, which is a key distinction. In addition, many producers, have seen considerable cost increases from a similar gold price 12 years ago or even 3 years ago, and thus their margins have been compressed, which explains why they are more cheap versus truly undervalued.
We wrap up with Jordan outlining that we are still quite early in this new secular bull market unfolding, and that based on different takes at the price projections from the cup & handle pattern, that there are logical ways to point to a gold price in the $3000 – $4000 range by late 2025. This kind of move will drag the whole precious metals sector up with it, and should offer some solace to investors that may have missed the move higher in PMs over the last 5-6 months, as there is still plenty more room for upside appreciation in the sector.
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Click here to visit Jordan’s site – The Daily Gold.
Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us to review macro investing themes in general US equities and in the commodities resources stock in gold, copper, oil, uranium, and lithium.
We kick things off with the continued break higher in gold and gold equities over the last month, on the back of the banking crisis and expectations around the Fed tightening cycle coming to a pause. This is a wide-ranging discussion that gets into the continued yield curve inversions, if we are still heading towards a “double-whammy” recession, and how that could affect the demand for various commodities.
One of the topics reviewed is that while a longer-term fundamental thesis can be bullish, for something like Dr Copper, it still could show weakness in the medium-term with a contracting economy on the horizon. Investors can take advantage of longer-term macro trends by purchasing into weak corrective periods. We also discussed the recent OPEC+ cuts in oil production, and what that means for the energy space, the precious metals space, and the outlook they see for a slowdown in global growth and demand.
Nick makes the point that investors should use the volatility (both to the upside and downside) for compounding gains when positioning in or trimming out of resource sectors. We touch upon the continued volatility and poor sentiment in the uranium sector, despite a compelling macro fundamental backdrop, and he mentioned having done well getting positioned 2 months back in the more advanced companies that are dual-listed on the big boards like Energy Fuels (UUUU) (EFR), and enCore Energy (EU), while keeping a tight stop in place.
We also revisited the lithium sector, the recent pullback in Li prices due to China reopening, Liontown Resources (LTR.AX) turning down a major takeover offer, and some of the frothiness coming out of the lithium stocks over the last 2 months. While he had lightened up on some positions in the past 2 months, Nick noted that there have been companies like Patriot Battery Metals (PMET) and Critical Elements Lithium (CRE), that have pulled back to levels where he’s been a recent buyer once again.
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https://digestpublishing.com/publications/
Michael Wood, CEO and Director of Reyna Gold Corp. (TSX.V: REYG) (OTCQB: REYGF), joins us for an exploration update with the commencement of a 5,500 meter Phase 2 drill program at the flagship La Gloria Project; a 24,215 ha area located along the Mojave-Sonora Megashear trend in Sonora, Mexico.
We start off by highlighting the 4 different target areas of focus in 2023: La Republicana, Western, Las Carmelitas, and the Main Zone. The initial drill focus will be at La Republicana, with 9 holes stepping out to test extensions to the La Republicana Main Vein, which produced 59.00m of 1.45 g/t Gold in Phase 1 drilling. There are 20 holes overall planned for La Republicana, with a number of other targets that have been generated district-scale ongoing mapping, soil sampling, and magnetic and IP surveys.
Next we discussed that the exploration team at Reyna Gold is continuing to refine targets and just waiting on the final data from the IP survey to set up the drill plan at both the near-surface bulk mineralization at Las Carmelitas and the big high-density veins at the Western area. Additionally, there will be drilling allocated to following up on nice silver hit from last drill season at the Main zone.
We wrap up discussing the district scale size of this land package, along with the range of minerals found from precious metals – gold and silver, and base metals – copper and lead, to critical minerals – antimony, and tellurium. It reflects the large discovery potential of important key metals at a number of target for exploration this year, so there should be plenty of newsflow on tap in the months to come.
If you have any questions for Michael about Reyna Gold, then please email us at either Fleck@kereport.com or Shad@kereport.com.
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Reyna Gold News
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins us to outline the full year work plans at the newly acquired Ana Paula gold deposit in Mexico. The acquisition from Argonaut Gold just closed on March 28th.
The work plans this year include drilling (3,000 to 3,600 meters) of the high-grade core to expand the current resource, mine sequencing, metallurgy, a resource update and a re-scoping study to wrap up the year. A major focus of all this work will be on the high-grade core of the known resource. We also discuss Company valuation and have Charles compare this to other companies with similar assets.
Please email us with any follow up questions for Charles. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to read over the recent news including an overview of the re-scoping study plans.
David Stein, President and CEO of Kuya Silver (CSE:KUYA – OTCQB:KUYAF) joins us to recap the drill result released yesterday, April 4th, from the Silver Kings Project in Ontario. A 3.6meter drill intercept was rush assayed by the Company due to what was seen in the core. The result was 74,418 g/t (2,393 oz/t) silver over 0.30 m (237.50 m to 237.80) within a composite interval of 16,838 g/t silver, 0.08% cobalt over 3.04 m (235.20 m to 238.24). This drill hole was at the Campbell-Crawford target.
We have David recap this hole and the other 6 drill holes (still to be assayed) from the Campbell-Crawford target area. We also discuss the history of this area and how this result ties into historic mining. There are also 6 holes form the North Drummond target area still at the assay lab.
Please email us with any follow up questions for David. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Kuya Silver website and read over the full news release reporting this discovery.
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to discuss the continued positive momentum higher in the precious metals sector, with gold around $2040 and closing in on the all-time high, silver back above $25, and the PM stocks starting to outperform. We start off getting his technical outlook on the strong monthly & quarterly close for gold in March, and the larger cup & handle pattern that, if triggered, could resolve to a much higher price level in gold. Dave reiterates that what may cause an influx of new buyers to come in and push prices higher will be once the 12-year resistance level of $2000 is a solid floor moving forward.
For the balance of the interview, we really cover a lot of ground on getting his pro investor tips on what kind of companies to be positioned in that will have the most upside torque in a rising metals price environment. We discuss looking for companies with well-defined and derisked multi-million ounce deposits, solid economic studies in place, quality management teams that have access to capital and a history of doing raises at the right times, good insider ownership of the stock from their own participation, a limited warrant overhang, and plans for a big-board dual-listing on the US exchanges.
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Click here to visit the Junior Miner Junky website to follow along with Dave’s comments on PMs and the stocks he is buying or selling.
Craig Nicol, CEO of Graphene Manufacturing Group (TSX.V:GMG) joins me to answer a wide range of questions mostly focus on the Thermal-XR and battery divisions.
A lot of Thermal-XR questions are focused on future revenue potential, the timing of significant revenues and the range of potential markets for Thermal-XR. On the battery front we discuss the outlook for partner companies, volumetric energy density data and the balance between coin cell batteries and pouch packs. Another couple questions I received were asking about the possibility of the Company moving to a US exchange.
Please keep sending me your questions. For the questions we did not get to I will keep those handy for the next call. For all other questions please email me at Fleck@kereport.com.
Click here to visit the GMG website to read over the Corporate Presentation.
Cole Evans, CEO of Enduro Metals (TSX.V:ENDR – OTCQB:ENDMF) joins me to recap the news release today highlighting drill results at the Newmont Lake Project in the Golden Triangle of BC. The drilling was focused at the Burgundy discovery and the McLymont West target. These are the final results from the 2022 drill program.
If you have any follow up questions for Cole regarding these drill results please email me at Fleck@kereport.com.
Click here to visit the Enduro Metals website and read over the full news release.
Figure 1:Plan view map of Enduro Metals’ 2022 drilling at Burgundy.
John Rubino, Founder of the Dollar Collapse website and editor of his recently launched newsletter over at Substack, joins us to discuss resource stock investing trends in various commodities like oil, nat gas, gold, uranium, and copper. We start off with some of the macro drivers in the oil patch, and the recent OPEC+ production cuts which as buoyed crude prices back above $80 again. In contrast, natural gas is still down at very low levels, but John postulates that companies with more exposure to it may represent a contrarian buying opportunity as the rising oil prices may lift many stocks across the sector in sympathy.
With Gold there are a number of macro factors we discuss that are underpinning value in the precious metals, and John lays out the conditions we want to see for the PM mining stocks to get more of a bid. Wrapping up, we look at what commodities may still do well in the face of an overall slowing global economy, but counterbalanced with supply/demand factors. John points to underlying macro currents in both uranium and copper as areas of growth that may run higher, regardless of any economic contraction, and thinks there is still opportunity in the related mining stocks.
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https://rubino.substack.com/
Ed Moya, Senior Market Analyst at OANDA joins us on a busy Monday to kick of Q2 2023 for markets.
OPEC cut production by around 1million barrels/day ahead of the meetings which is driving oil prices much higher – crude is over $80/barrel. Gold is off to a good start for Q2, now over $2,000/oz. This move could be supported by the weaker ISM data out of the US which is also leading to bonds moving higher, driving yields lower. We cover it all in today’s interview.
Click here to visit the OANDA website to follow along with Ed’s daily market note.
Taj Singh, President, CEO, and Director of NOA Lithium Brines (TSX.V: NOAL), joins us for a comprehensive overview of the Company projects, management team, financials, and work strategy for 2023. We start off with a introduction to how this company came together from some of the team and experience at both AbraSilver Resources and Minera Exar (Lithium Americas Corp/Ganfeng), and with substantial landholdings around 3 key salars in Argentina.
We have Taj break down the 6 drill holes planned in the 3,000 meter Phase 1 exploration program for this year at the flagship Rio Grande Project; with about half the holes planned in the known salar area testing the depth, and the other half of the program drilling 3 more holes around the main basin. Next we pivoted over to the 4-5 drill holes planned later in the year at the Arizaro Project, very near Lithium Chile’s project and recent good Li grades returned. Then further down the pipeline is the Salinas Grandes Project, which the team is still very excited to explore as it is located on another prospective lithium salar.
Taj outlines his background in the mining sector, and a few key people on the management team and board of directors, and then we get into the company financials, key stakeholders, share structure, warrant structure, and budget for this year’s exploration plans. We wrap up with the key catalysts and overall big picture vision for this newly launched lithium exploration company in the heart of the Lithium Triangle.
If you have more questions for Taj regarding NOA Lithium, then please email us at either Fleck@kereport.com or Shad@kereport.com.
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https://www.noalithium.com/news/
Welcome to the KE Report Weekend Show! The end of Q1 2023 was good for many sectors and very different from Q1 2022. We feature 2 generalists; 1 Fund Manager and 1 Partner at a currency firm, to breakdown the sectors they like and the different economic environment.
Please keep in touch with Shad and me through email. We love hearing your thoughts on the markets and the guests and companies we feature each week. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Dana Lyons, Fund Manager and Editor of The Lyons Report Pro kicks off the show with a focus on the gold market, stocks market, currency market and bond market. We also discuss investor sentiment and how that plays into the Q1 rally. Finally we have Dana share his trading strategy moving forward.
- Click here to visit The Lyons Share Pro website.
- Segment 3 and 4 – Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website wraps up the show by comparing markets and economic data from Q1 2023 to Q1 2022. There are some major differences this year with data and expectations moving forward. For markets we focus on currencies and gold.
- Click here to visit the Marc to Market website.
Dana LyonsMarc Chandler
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the Q1 close for markets. Everything outside of the USD are looking to close the quarter in positive territory.
We look at big tech leading markets, gold closing near $2,000/oz, oil bouncing and safe asset also getting a buy. It’s a very different market compared to last year. Expectations now for a near term Fed pause and the possibility of the US banking issues behind us.
On April 3rd at 7am Joel will be hosting a webinar focused on a Q2 2023 Market Outlook. “Join PreMarket Prep’s Joel Elconin and Dennis Dick along with special guests for a preview of what Q2 2023 has in store for the markets! Find out what stocks to keep an eye on and what technical levels to watch in the coming months.“
Click here to find out more and sign up to be notified on the Webinar.
Click here to visit Joel’s PreMarket Prep website.
Brad Dochery, Founder, President and CEO of Source Rock Royalties (TSX.V:SRR) joins us to discuss a new acquisition, that was announced March 27th, where it will have a 5% gross overriding royalty (GORR) on three light oil properties in Central Alberta, operated by a private Calgary-based oil and gas company.
We started off contrasting this new royalty acquisition in Alberta, where the royalties are on more established oil wells and on maintaining solid operations with a water flood process, with the prior royalty acquisition announced November 28th of 2022 of a different royalty agreement in Saskatchewan that is more about drilling new wells to grow production. In the prior acquisition of a 2% GORR in S.E. Saskatchewan operated by Anova Resources Inc., and Elevation Oil & Gas Limited, Source Rock has received a drill commitment for 15 additional net horizontal wells to be drilled on Source Rock’s royalty lands prior to December 31, 2024.
This brings up a larger discussion with Brad, of how Source Rock Royalties structures it’s partner royalty deals, and how they are positioned in the overall energy royalties space in Canada, compared to their 3 larger cap peers. Brad outlines that company is still quite interested in making more royalty acquisitions in 2023 that will be longer-term accretive. The Company announced March 15th that is continues to pay a quarterly dividend, and is set to release it’s Q4 and full year 2022 financial results in mid-April.
If you have any further questions regarding Source Rock Royalties, or want more information on any aspect of the Company, then please email us at Fleck@kereport.com and Shad@kereport.com.
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Click here to visit the Source Rock Royalties website to learn more about the Company.
Colin Smith, CEO of Gold Basin Resources (TSX.V:GXX – OTCQB:GXXFF) joins me to provide an overview of the Golds Basin Project in Arizona. We start with the history of the project and discusses recent drill results that caught investors attention.
On March 22nd the Company released 29 RC drill holes, out of the 41 total holes in the program. These holes were from the Red Cloud and PLM Targets. There has also been drilling at the Cyclopic and Stealth Targets – refer to the map below for a view of the targets. I have Colin outline the strategy at each target and plans moving forward with drilling starting up again soon.
Many other Company fundamentals including share structure and team are discusses at the end.
If you have any follow up questions for Colin please email me at Fleck@kereport.com.
Click here to read over the Gold Basin Corporate Presentation.
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), joins us to outline continued high-grade silver drill hits over wide intercepts from the JAC Target at the Diablillos Project in Argentina.
Yesterday, on March 29th exploration news was released where drill hole# DDH 23-010intersected numerous zones of silver mineralization in oxides, including 45.5 metres at 233 g/t Ag and drill hole# DDH 23-007 returned very high-grade silver mineralization in oxides, with 2,320 g/t Ag over 4.0 meters. This high-grade interval demonstrates that there are zones within the JAC system that will raise the overall grade of the mineral resource.
John outlines why the exploration team is so encouraged by the continued Phase 3 program drill success at this JAC Zone, with 16,000 meters and 74 holes drilled to date, but only 38 holes have been released to the market thus far. There are plans for another 6,000 meters for Phase 3 taking the total up to around 22,000 meters by mid-year, and then all results going into a maiden resource on this JAC target area in September, followed by incorporating other metallurgical work, environmental and permitting work, and other derisking work going on into a Preliminary Feasibility Study by year end.
We also discussed the potential in Phase 4 to drill at depth testing some of the copper targets under the JAC and Occulto deposits, as well as the long hole drilling underway at a second project, La Coipita, testing for a potential high-grade porphyry system.
If you have any follow up questions for John regarding at AbraSilver, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver
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Click here to visit the AbraSilver website and read over the most recent news releases.
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Craig Hemke, Founder and Editor of TF Metals Report joins us to dive into the upcoming monthly and quarterly close for gold that could be at an all time high. Outside of a significant correction tomorrow gold will close at the highest monthly and quarterly close ever.
We ask what this means for silver and the underlying gold and silver stocks which have broadly lagged the gold price. We also discuss the set up for copper where Goldman Sachs is predicting the world will run out of copper by as early as August (see the chart below).
Click here to visit Craig’s site – TF Metals Report
Brandon Macdonald, CEO of Fireweed Metals (TSX.V:FWZ – OTCQB:FWEDF) joins me to recap the 2022 drilling focused at the Tom Deposit and Boundary Zone, on the MacMillan Pass Project, in Yukon and look ahead to what Brandon says will be an even larger drill program.
In the 2022 drill program some of the best drill intercepts were encountered, which has the Company excited about this year’s program and what it means for an updated resource. This years program is budgeted for around $20million and fully funded with the cash on hand. The drilling will be focused on the Tom and Jason Deposits and Boundary Zone. I also have Brandon elaborate on the importance of the Boundary Zone due to recent drill results.
If you have any follow up questions for Brandon please email me at Fleck@kereport.com.
Click here to visit the Fireweed Metals website to read over all the 2022 drill results news.
Eric Roth, President and CEO at Capella Minerals (TSX.V:CMIL – OTCQB:CMILF) joins me to recap the March 20th news announcing a Definitive Earn-In agreement with Hilo Mining on 5 lithium and rare earth element (REE) properties in Finland. He discusses how this agreement helps the Company focus on the ongoing exploration at the copper projects in Norway and Finland. Eric updates us on the drilling at the Kjøli and what project is next in line for drilling.
Please email me any questions you have for Eric. My email address is Fleck@kereport.com.
Click here to read over the news release on the earn-in agreement announced March 20th.
Peter Gianulis, President and CEO at Allegiant Gold (TSX.V:AUAU – OTCQX:AUXXF) joins us to provide a comprehensive update the Company’s Eastside Project in Nevada.
We have Peter recap the 15,000 meter drill program last year, current resource on the Project and an overview of the 2023 exploration program. The focus this year will be at the Original Pit Zone and Castle Area. We also have Peter further explain Kinross Gold’s focus on the Original Pit Zone and what he thinks is possible at the Castle Area.
If you have any further questions for Peter please email us. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Allegiant Gold website and read over the Corporate Presentation.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review why the technical and fundamental picture is setting up to have gold poised on the cusp of breaking out into a new secular bull market, that will lift up the entire precious metals sector to higher levels. All eyes will be fixed on where gold closes this month and quarter this coming Friday. A close above $1953 in March would be the highest quarterly close on record, and a close above $1986 would be the highest monthly close. Gold is presently within range of those resistance levels, so they are very much on the table for how things finish this week. Ultimately though, it is likely going to take breakout in gold to all-time highs above $2100 to really get some momentum going in PM mining stocks and silver.
From a macro sense, Gold has been continuing to outperform general equities and continues to make higher levels against foreign currencies. Also, to further validate that Gold is setting up in a new bull market, when Gold corrected in February and early March it was only about 8% over that time period, and then quickly recovered those losses and blasted back higher once again for the balance of March. This is in alignment with what one would expect to see in bull market corrections.
Jordan feels that whether this breakout move higher in gold to new all-time highs happens in a few weeks or a few months, he feels it is coming and that it will lift the GDX and GDXJ to new highs once it then starts to really gain traction on the way to $3000 in the longer term. In addition, a breakout to new highs in gold will also drag silver prices higher along with it, but ultimately, it is when silver can break through the $26-$28 resistance zone that it can then break decisively back up north of $30 and beyond.
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Click here to visit Jordan’s site – The Daily Gold.
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to discuss the continued move higher in the precious metals rally over the last few weeks, fueled by banking uncertainty and expectations that the Fed tightening cycle is nearing its end. Dave brings up a few key factors that are stacking up for a potential breakout higher in gold as we approach the month-end and quarter-end closes this Friday. Gold and some of the mining stocks are forming ascending symmetrical triangles, along with a 12 year and smaller 3 year cup and handles, with a propensity to break out higher out of those chart patterns. In addition there is a fairly bullish set up on the COT Commitment Of Traders reports. One more key factor is that recently silver and PM mining stocks have started to outperform gold again and are following in this continued leg higher in March.
We spend the latter part of the discussion pointing out how little generalist interest there still is in the sector as gold approaches a potential breakout, and what may cause an influx of new buyers to come in and push prices higher. Dave feels once the $2000 level is a solid floor in gold pricing, that more institutions and investors will start getting more interested. We also review that it may just be more generalists waking up to the outperformance of gold across the board over most other asset classes from stocks, to bonds, to energy, to commodities, to currencies, that causes more investors to get a small allocation to the precious metals sector.
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Click here to visit the Junior Miner Junky website to follow along with Dave’s comments on PMs and the stocks he is buying or selling.
Sean Brodrick, Editor of Wealth Megatrends, and contributing analyst to Weiss Ratings Daily, joins us to share his thoughts on where we are in the macroeconomic landscape, and how that is filtering down into commodities like gold, oil, nat gas, lithium, and uranium.
We start off discussing the divergence from what the Fed has been messaging as far as more rate hikes to keep fighting inflation, versus the market expectations of the rate hikes being mostly done and starting to discount multiple rate cuts for 100 basis point cut by year-end. Sean believes the reality is likely somewhere in the middle of these two outlooks, and points out that there are other things driving the commodities sector like the Chinese reopening and policies around energy.
Overall he remains bullish on gold and the precious metals mining stocks, as well as oil stocks and lithium stocks, but is still not interested in natural gas stocks or uranium stocks until we see more catalysts and traction in both sectors.
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Click here to visit the Weiss Ratings Daily website to follow along with Sean’s market outlook.
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Sean Brodrick will be speaking at the Las Vegas Money Show April 24–26, and sharing his best investment ideas for gold, silver, tech and more. Make your reservations now and you can get your pass at a discount
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https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/50a8463072b6404a8b1a00fe930f4ecc/sean-brodrick/?couponcode=SPK99&scode=059126
Robert Sinn, known as Goldfinger over at CEO.ca and writer at the Energy and Gold website, joins us with his technical outlook in gold and silver, a ratio chart of gold versus the financial sector, and what they mean in relation to macroeconomic trends in motion over varying investors time horizons. We start off discussing the importance of the upcoming weekly/monthly/quarterly close in gold, to see if the precious metals can break out of the range they’ve been trading in. We also review the longer-term monthly chart as to the performance of gold over the last 20+ years in relation to inflation and it’s definitely outperformed, and looks poised to continue to do so over time.
Next we shift over to the chart of gold vs (XLF) financial sector SPDR fund, and discuss the current setup in the business cycle, and that we are entering a period where gold will likely outperform the financial sector. This leads to a broader discussion on looking at technical analysis with the overlay of fundamental data points, to get a more holistic view on market action and unfolding cycles and patterns.
We wrap up with getting Robert take on what factors will drive gold, silver, and the PM mining stocks to new higher price levels, and the importance of attracting more generalist investors into the sector.
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Click here to visit the Energy and Gold website.
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https://ceo.ca/@goldfinger
Welcome to the Weekend Edition of the KE Report! Every Fed week is a big deal for markets but now with the banking issues in the US and around the world this was a particularly important meeting. Be sure to go back through this week’s posting where Shad covered the market moves and a number of company updates.
- Segment 1 and 2 – Peter Boockvar, CIO at Bleakley Financial Group and Editor of The Boock Report website kicks off the show with a discussion on the banking system. This is ties in with lending conditions and how markets move in times of tighter credit markets.
- Click here to visit visit The Boock Report website.
- Segment 3 and 4 – Tavi Costa, Portfolio Manager at Crescat Capital wraps up the show with a focus on the junior resource stock sector. It’s a different investment take on the production side of the industry.
- Click here to learn about the Crescat Capital group.
Peter BoockvarTavi Costa
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc To Market website, joins us for a detailed review of market expectations and reactions to the FOMC meeting earlier this week and the ongoing concerns about the banking sector, both in the US and in Europe.
We start off with some of Marc’s main takeaways from Jerome Powell’s press conference, after the Fed hiked the anticipated 25 basis points to continue fighting stickier and higher inflation, yet in the face of continued investor outflows from the financial sector. The US Invesco KBW Regional Banking ETF (KBWR) was down over 30% in just the last 7 weeks, and European AT1 ETFs are down 21% in 7 weeks in a row, and down 8.5% on just this Friday. We note the market expectations between trends in the breakevens for inflation and in the expectations transitioning to a “Powell Pause” and now multiple rate cuts projected in the 2nd half of this year. Marc outlines that the gap has never been so wide between what the market is anticipating and what the Fed is forecasting, and feels both sides have slightly exaggerated expectations. We discuss that the Fed has gone from behind the curve on inflation, to now behind the curve on the developing recession.
Next we discuss some thoughts on to the Fed’s balance sheet expansion over the last few weeks, and whether this is wiping out the reduction in their balance sheet from their ongoing pledge for quantitative tightening. Marc distinguishes that the increase in their balance sheet is not due to the quantitative easing, and is more a liquidity loan to shore up banks and their depositors for the short-term, but the market still sees the expanding balance sheet as inflationary, while the financial woes and falling interest rates and bank lending will be deflationary. We wrap up discussing the flight to safe have assets like bonds, the Japanese Yen, and gold over the last few weeks, but not really the US Dollar, and Marc has some nuanced thoughts on each sector.
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Click here to visit Marc’s website – Marc To Market.
Brian Leni, Founder and Editor of The Junior Stock Review, joins us to reflect on how macroeconomic factors have driven the prices of the precious metals and base metals higher, but that many of junior explorers and developers resource stocks are not keeping up with these gains in the underlying metals. We review how he looks at metals price assumptions in relation to valuations of companies with or without defined ounces or pounds in the ground, and whether he prefers more defensive companies insulated against lower prices, or optionality stocks that will outperform in a rising price environment.
We wrap up by having Brian outline the “3 Biases” he feels are hurting investor’s performance, and that he has talked about recently at mining conferences and sector interviews. It is well worth investors time to listen to how he breaks down 1) confirmation bias 2) the bias of over-influence from social proof and 3) the misweighing bias of not doing the most important things first before investing.
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Click here to visit Brian’s website – The Junior Stock Review.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to recap his boots on the ground takeaway from the Prospectors and Developers Association of Canada (PDAC) conference, where he noted retail investors were mostly not engaged and yet many of the larger investors, producers, and multi-national conglomerates were out talking with junior explorers and development companies and looking to take strategic positions.
We discussed a few anecdotal encounters he saw like some of the Hecla Mining (HL) team visiting with Western Alaska Minerals (WAM) booth, or several folks from Japanese mining and manufacturing conglomerates visiting multiple times with Magna Mining (NICU) at their booth. This led to chatting about how, case in point, after the PDAC that B2Gold (BTO) (BTG) took a strategic stake in Snowline Gold (SGD) for a large premium. We also reviewed how recently AngloGold Ashanti (AU) took a strategic earn-in position in Inflection Resources (AUCU), or Newcrest Mining (NCM) took a strategic earn-in position in Headwater Gold (HWG), or that Freeport MacMoRan just took a strategic earn-in position in ArcWest Exploration (AWX). It is clear that this trend of larger Majors positioning in Juniors along with high net worth investors, capital groups, multi-national mining conglomerates, and even manufacturers is on the rise and will continue with juniors valued at such attractive levels.*
We wrap up with getting Erik’s final big picture takeaways from the PDAC convention, if he’d go back, if he’d truly gotten an edge by going as an investor, and if nothing else the sentiment gauge it offered on the sector and the ability to size up the character of mining management teams in person.
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and are also site sponsors of The Hedgeless Horseman website.
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Click here to visit Erik’s site – The Hedgeless Horseman
Craig Hemke, Founder and Editor of TF Metals Report, joins us on Thursday as gold, silver and the PM mining stocks continued to ratchet higher, post Powell press conference and FOMC meeting on Wednesday, and on the back of several weeks of concerns regarding recent bank collapses. We discuss how quickly the Fed funds futures markets shifted from not expecting any rate cuts until 2024, to now pricing in 4 cuts by year end, with the first potentially starting as soon as June or July this summer. This dramatic and swift change in expectations is starting to mirror the years of 2010 and 2019 as Craig had forecasted may be how the year unfolds in his 2023 Macrocast in January. The discussion goes into a number of areas on central bank policy, interest rates, tracking unemployment data, and then drilling down into the PMs by looking at the COT positioning and pricing action on the charts.
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Click here to visit Craig’s site – TF Metals Report.
Brien Lundin, Editor of The Gold Newsletter and our host at the New Orleans Investment Conference, joins us to discuss the rally we’ve seen in the precious metals sector the last few weeks, based on receiving a safe haven bid due to concerns in the banking sector, and then in reaction to the Fed’s FOMC meeting as they are getting near the end of their tightening cycle. We review how investor expectations using the Fed funds futures have made a huge turn from anticipating higher rates for longer, to now expecting a pause soon and potential cuts to rates as soon as this summer.
Next we review that gold has been getting more coverage and references in main-stream financial media, and while that raises concerns with contrarian investors, we make the point that we will need to see this kind of awareness grow if generalist investors are to become at least partially allocated to the gold, silver, and the PM mining stocks.
We wrap up discussing the mining stocks, where there are still highly discounted valuations and bargains to be found in companies that have derisked and defined resources in place. When asked if there was a better setup at present in the precious metals or battery metals, Brien feels there is more immediate upside rerating potential in the PM stocks, compared to the more overbought lithium sector, but notes that there are copper stocks with good gold and silver exposure in their deposits, that allow investors to diversify across multiple commodities.
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Click here to visit the Gold Newsletter website.
Ewan Downie, CEO and Director of I-80 Gold Corp (TSX: IAU – NYSE: IAUX), joins us for a comprehensive exploration strategy update at Ruby Hill, Granite Creek, and Cove, the bid to takeover Paycore Minerals (TSX.V: CORE), a review of the development work and residual heap leach production in 2022, and what the overall work plan is for 2023.
We start off noting the keen investor interest in the series of news releases from last year and early this year demonstrating that a new discovery of bonanza-grade polymetallic CRD mineralization was made at the Hilltop Zone, part of the Ruby Hill Project in central Nevada. This area is now one of the key areas of exploration focus moving forward, returning attractive values of gold, silver, zinc, and lead in a series of drill intercepts. The FAD Deposit, that Paycore Minerals has been delineating, is just south of this Hilltop Zone area, and Ewan outlines the synergies of the 2 projects being combined.
One of the key advantages that i-80 Gold has, is having the Ruby Hill processing center already permitted and most of the sunk cost and infrastructure in place. This leads to a larger discussion about the unrecognized value of all the work, sunk cost, existing infrastructure, permitting, and scarcity of the additional Lone Tree processing center, which alone is worth more than the current market cap of the Company, not even counting the Ruby Hill processing center in addition to that.
This will be a busy year of exploration at all 3 properties, and we start by having Ewan review the definition and resource drilling going on at Granite Creek to open the deposit along 5 levels. This work is building towards an updated resource estimate for this Project, as well as a Feasibility Study for the underground OG Zone, and PEA for the South Pacific Zone of Granite Creek. Next we discuss the 40,000 meters of ongoing drilling at Cove planned to continue to expand high-grade gold resources there. Next, he outlines that the lion’s share of drilling will be ongoing at the Hilltop Zone at Ruby Hill, where there are still 25 holes drilled that have not been reported yet, and plenty more drilling on tap. Lastly, there is also a PEA and Resource Estimate slated for the Ruby Deeps gold deposit at Ruby Hill for later in the year or early next year.
Ewan expects to see substantial growth to the Company’s total current resources of 14.5 million ounces of gold, and an additional 180 million ounces of silver, as all the drilling underway is incorporated into these different resource updates later this year.
If you have questions for Ewan regarding the ongoing work and strategy at i-80 Gold Corp, then please email Shad@kereport.com.
- In full disclosure, Shad is an existing shareholder of I-80 Gold Corp
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https://www.i80gold.com/investors/#news
Christopher Aaron, Founder of iGold Advisor and Senior Editor for GoldEagle.com, joins us to share his technical and larger macro outlook for the precious metals sector, and noting the break to new all-time highs in gold, and eventually silver is coming. We start off reviewing the false breakdown in gold below the $1980 support last fall, and how conversely to the 2013 waterfall decline, that the yellow metal actually rallied very strongly in Q4 and into Q1 of 2023.
He noted on Tuesday, at the time of this recording, that Gold had briefly pierced the $2000 level again for the 3rd time on Sunday evening/Monday morning, but that often the 3rd attempt to break a pricing level fails. However, after gold further consolidates the recent pop higher, that he believes the next attempt will have gold break up through $2078 to makes new all-time highs. With regards to silver he believes it will follow suit, and eventually the prior all-time high at around $50 will become a vacuum sucking prices up there to eventually test and break that level higher.
Another key contributing data set that Christopher is watching for confirmation is that gold has broken out to new all-time highs in 4 currencies; the Japanese Yen, British Pound, Australian Dollar, and New Zealand Dollar. In addition gold is getting close, up near technical pricing resistance in 3 more currencies; the European Euro, the Canadian Dollar, and the Swiss Franc. Moves to all-time highs in other key global currencies often precede a move higher in gold in US Dollar terms.
Lastly, we wrap up with the glaring disconnect in mining stock valuations at today’s metals prices, compared to where they have been valued during previous periods of similar high gold and silver price levels. Christopher dispels the notion that it is completely due to simply dilution of share counts or inflation, because many of the development stage companies have also drilled out far more ounces in the ground increasing their resources substantially, or further derisked projects, picked up additional land claims, and even put out PEA and PFS economic studies highlighting the viability of their projects. He goes on to highlight 2 such companies that he is invested in, Bravada Gold (TSX.V: BVA) and Sirios Resource (TSX.V: SOI), that he feels represent compelling valuations at present.
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Click here to visit iGold Advisor to follow along with Christopher’s outlook for metals and markets.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share his technical and macro outlook for the precious metals sector, with a key technical factor to watch being what price gold closes this month and quarter. A close above $1953 in March would be the highest quarterly close on record, and a close above $1986 would be the highest monthly close. Gold is presently within range of those resistance levels, so they are very much on the table for how things finish next week.
We’ve seen a solid move higher in the precious metals sector off the recent corrective lows a few weeks ago, on the back of the recent banking concerns continuing to roil markets. Taking a step back for review, this brief and shallow pullback in the PMs during February and early March, after having run significantly higher for months leading up to that, is in alignment with what one would expect in the early stages of a new bull market. Gold only corrected about 8% over that time period, and has now, once again, quickly recovered those losses and has been heading higher once again in mid- March.
Jordan noted that aside from the reaction we see for the balance of the week and month from the Fed’s hike, and potential comments from Jerome Powell, that he is also keeping a close on how economic data reports come in as well as the trends in the interest rates yield curve, because the catalyst for a change in course from the Fed will be evidence that the we are nearing a recessionary route, and that would likely trigger a move in gold to really break out above $2100. This breakout in the metals is what is really what is needed to expand the margins for gold mining stocks and the rationale behind them catching up and then outperforming.
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Click here to visit Jordan’s site – The Daily Gold.
David Cole, President and CEO of EMX Royalty Corp (TSX.V: EMX) (NSYE: EMX), joins us for a comprehensive update on some of the key Company production, development, and exploration updates across their portfolio of royalties, option properties, and strategic share holdings. We start off by outlining their unique triple-pronged approach to growing value by generating royalties through early stage prospect generation, by making strategic acquisitions of undervalued royalties, and by holding substantial strategic equity positions in other mining companies.
David reviews that EMX Royalty holds a portfolio of 262 land holdings, 171 royalties, and 40 cash-flowing royalties; of which 5 are on actively producing mines. We review the 5 key producing royalties projects, the more than a dozen development projects that are further derisking their properties on the pathway towards production, and the 40 projects that are cashflowing and bringing in substantial revenues into the Company through defined pre-production payments, lease option payments, and staged gate payments. We highlight that EMX just received US $3 Million milestone payment for the Parks -Salyer Royalty Property in Arizona, from Arizona Sonoran (TSX:ASCU | OTCQX:ASCUF), as a example of these types of value drivers.
We also highlighted some recent transactions starting with EMX establishing the Idaho-focused explorer, Scout Discoveries Corp, while retaining a 19.9% interest, 3.25% NSR royalty on each of the 14 precious & base metal projects, as well as AAR and milestone payments. We also used the recent transactions of the agreement to sell Råna battery metal project in Norway to Kingsrose Mining, and EMX selling three projects in Sweden to Copperhead Mineral AB, as examples of the pedigree of their team to find value on the front end that is attractive to partner companies, that then creates cash-flowing lease and gated payments and future royalties for EMX.
We wrapped up highlighting the value creation, even at the early stage of projects, through true exploration noting the announcement on Feb 16th of drill hole # DD22-YA187 with an intercept of 17.8 meters averaging 4.01 g/t gold, at the 100% owned Yarrol Project in Queensland, Australia. The exploration team has since gone on to drill and assay some of the manganese-cobalt mineralization and mineral sands that show grades of up to 1% cobalt along with other battery metals like manganese, nickel, and copper. This is the prospect generation side of the business, where the company will now look for another partner company to take on this project, and is indicative of the business model they’ve been building for 20 years.
If you have any questions for Dave regarding EMX Royalty Corp, then please email Shad@kereport.com.
- In full disclosure, Shad is an existing shareholder of EMX Royalty Corp.
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https://emxroyalty.com/news/all-news/
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review precious metals rally of the last 2 weeks, fueled by banking uncertainty and upcoming Fed policy expectations. Now that the PMs are digesting and consolidating this recent blast higher, he provides the technical levels he is watching in gold. Dave points out that across the board, gold has been outperforming most other asset classes from stocks, to bonds, to energy, and in relation to most other commodities or currencies.
It has been frustrating to see the gold and silver stocks not providing the anticipated upside leverage to the moves in the underling metals; however, Dave remains firm that seeing gold close on a monthly and quarterly basis over the key psychological $2000/oz resistance area is what should be a major driver to bring more generalists into the PM sector. His advice to investors is that it’s better to be frustrated while accumulating into weakness, rather than to be out of position for a breakout and then be frustrated chasing the FOMO higher.
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Click here to visit the Junior Miner Junky website to follow along with Dave’s comments on PMs and the stocks he is buying or selling.
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), reviews the news out yesterday, March 20th, on the updated total Douta Resource of 1.78 million ounces of gold. This is an increase of 144% in total resource as compared with the 2022 maiden mineral resource estimate declared for Douta. With 40,000 meters of drilling planned for 2023, the Company is continuing to expand the resources at the Makosa ore body, which now has grown to a 7km strike length, and also incorporates the Makosa Tail area.
The exploration strategy at Douta is to keep doing step-out drilling and infill drilling at the Makosa deposit, to move resources from inferred to indicated, as well as expansion drilling around 3 key new mineralized satellite discoveries at the Mansa, Maka, and Sambara targets. There will be plenty of exploration news to report for the balance of the year, and the next milestone after that will be to wrap some economics around the Douta project in a Preliminary Economic Assessment (PEA) by year-end.
We also discussed the organic growth potential with the on-going exploration around Segilola mine in Nigeria, at depth under the current pit shell, and along strike at a number of nearby targets in search of nearby satellite pits. Segun highlighted some of the recent high-grade gold intercepts announced last month from the nearby Western Prospects area, with drillhole # SGD238 intersecting 2 meters at 227 g/t gold from 80m, including 1 meter at 310 g/t gold. Drillhole # SGD235 returned intercepts of 3.1 meters at 14.32g/t gold from 28m. In addition to growth through the drill bit, there is also the possibility of inorganic growth that could come from acquiring nearby projects, or partnering on other development projects in Nigeria and abroad in West Africa.
If you have any questions for Segun regarding the ongoing work at Thor Explorations, then please email us at either fleck@kereport.com or shad@kereport.com.
*In full disclosure, Shad is a shareholder of Thor Explorations.
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Click here to read over the recent news out of the Company.
Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins us to outline the recent capital raise and the exploration strategy for those funds raised at the silver and gold focused projects of Tonopah West and Silver Cloud, as well as the Tonopah North Lithium Project. We start off unpacking the recently closed private placement for aggregate gross proceeds of C$4,385,166 consisting of 11,851,800 units of the Company at a price of $0.37per Unit; where each Unit is comprised of one common share of the Company and one-half of one (1/2) Common Share purchase warrant at $0.50 until March 17, 2026.
We then moved the conversation into the exploration on tap for this year, starting with the Tonopah North Lithium Project. Tearlach Resources, earning in as option partners on this Project, have drilled 6 diamond core holes, rushing 2 of them at the assay labs, and still awaiting all the assays to report in the near future. Andrew highlights 2 other lithium companies nearby, along the same mineralized trend in Nevada, with key upcoming catalysts, that highlight where the valuation of this lithium mineralization could grow over time if the mineralization is of a similar nature.
Next, we discussed the news announced last month, that it is finalizing drill plans and permitting drill sites for a Phase 1 drill program at its bonanza-grade discovery drillhole in Northwest Canyon on the Silver Cloud Project. The initial plan is to drill 2,000 meters starting in April, stepping out from the discovery made last year. Additionally on the exploration side, we highlight the 4,000 meters of drilling planned after that, later in the summer at the company’s flagship Tonopah West Project. With one of the highest-grade undeveloped silver-gold resources in the world, the goals will be to not only grow the resource through more drilling, but also a better interpretation of the prior drill holes and vein orientation, that will all be working towards an updated mineral resource early next year. There will be plenty of exploration news hitting the wires over the months to come from all 3 projects
If you have any follow up questions for Andrew regarding Blackrock Silver, then please email us at Fleck@kereport.com or Shad@kereport.com.
- For full disclosure, Shad is shareholder of Blackrock Silver.
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Click here to visit the Blackrock Silver website to read over the recent news we discussed.
John Rubino, Founder of the Dollar Collapse website and editor of his recently launched newsletter over at Substack, joins us to respond to all the market volatility around the banking sector, central banks tightening into a slowing economy, and the massive risks to pensions and the derivatives markets if more sectors unwind. All of these ongoing risks highlight why John believes that owning gold and silver or commodities like oil and uranium will be where investors will flock if conditions continue to deteriorate in paper assets.
We draw some comparisons from this recent bailing out of troubled banks to the bailouts of failed financial businesses in the 2008-2009 Great Financial Crisis, and point out how many issues were never fixed and that many lessons were not learned. Could systemic risks that are all so entangled on banking balance sheets get to spot where they become too big to bail?
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https://rubino.substack.com/
Ed Moya, Senior Market Analyst At OANDA, joins us to discuss the continued volatility in the banking sector, along with the safe-haven pop in Bitcoin and Gold, and then the further drop in oil and nat gas. We start off discussing the news that broke over the weekend of UBS Group AG (NYSE: UBS), agreeing to takeover Credit Suisse Group (NYSE: CS) , with additional liquidity provided by the Swiss National Bank. We also review the further hit to deposits and liquidity at some of the more smaller and regional banks, like First Republic Bank (NYSE: FRC) whose shares fell 25.8% after ratings cut by S&P Global.
We also highlighted the market reactions to all this volatility, where the US Dollar is down but most market sectors are up, along with some flights to safety in gold, bitcoin, and crypto assets. We wrap up reviewing the continued pullback in the energy sector in both oil and natural gas. Ed provides some of the key technical price levels he’s watching in all these sectors, and what fundamental news to be watching from the Fed meeting later this week.
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Click here to stay up to date with Ed’s daily market comments
What a wild week! More banking issues in the US and Europe drove safe assets much higher to end the week. Investors are worried this is the start of larger issues for banks. We focus this Weekend’s Show on the banking system in the US and fall in energy prices.
Please keep in touch with us through email. We love hearing your thoughts on the show, our guests and the companies we feature throughout the week. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 – Mike Larson, Editor-in-Chief at the MoneyShow kicks off the show by sharing his thoughts on the Silicon Valley Bank (SVB) Collapse, the inflation data (PPI) this week and related pop in gold.
- Click here to learn more about the MoneyShow and the conferences this year.
- Segment 2 and 3 – Rick Bensignor, President of Bensignor Investment Strategies joins us for an extended interview covering everything from the banking issues in the US, key levels to watch on the downside for the SP&, gold’s breakout and potential to hold all time highs, the major drop in yields and the energy sector. Rick has been extremely actuate calling these markets.
- Click here to learn more about the investment products offered by Bensignor Investment Strategies.
- Segment 4 – Josef Schachter, Founder of The Schachter Energy Report wraps up the show with a focus in the drop in oil and natural gas. Josef has been waiting for a pullback below $70 and for the stocks to enter some of his buying ranges.
- Click here to visit The Schachter Energy Report website and follow along with Josef’s energy sector commentary.
Mike LarsonRick BensignorJosef Schachter
I am happy to officially introduce to the KE Report a very well-known technician and market analyst, Michael Oliver, founder of Momentum Structural Analysis.
This is wide-ranging discussion where we unpack the macroeconomic themes and technical momentum trends in general US equities, bonds, gold, silver, and commodities. We start off reviewing the longest and steepest move higher in general stock market indexes from 2009 to 2021, fueled by a constant injection of central bank liquidity, and how the dynamics have drastically changed since then with popping of that inflated bubble and general equities starting to unwind. Next, we look at the stark underperformance of bonds last year even over correcting equities, when under normal circumstances they would have garnered more of a safe haven bid. We then move in the relative strength that gold and silver showed in 2022, compared to almost all other asset classes, something he expects to continue moving forward.
Looking back at the 3 other bull markets in precious metals over the last 50 years, Michael outlines that in each of those there was a 7-fold to 8-fold nominal increase in gold prices from the major low to the major high. He goes on to point out that thus far gold has basically only doubled from it’s 2015 low of $1046, and there is plenty of room for upside appreciation as the bull market continues to unfold to match the prior 3 periods. He notes that in this recent bull market move, gold has tried 3 other times to break out above all time highs, and believes this 4th uptrend is taking hold and will move to new highs.
In addition to gold continuing to outperform general equities, Michael also expects them to outperform the rest of the commodity complex over the next few years. He is still bullish on the commodities sector relative to other general sectors, but still believes the largest torque and upside potential will be in both gold and silver.
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https://www.olivermsa.com/
Joel Elconin, co-Host of The Benzinga PreMarket Prep Show and Editor of The PreMarket Prep website, joins us to share some trading strategies around the continued market volatility due to banking concerns and upcoming Fed policy tightening expectations. This is what he has dubbed March Market Madness.
We take a look at the recent moves in the S&P 500 at where Joel sees technical support and resistance levels. Next we discussed the bid that safe haven assets like bonds and gold are receiving in light of the recent turbulence and financial concerns. With regards to the energy sector, Joel has remained bearish on oil and oil stocks and doesn’t see anything on the horizon that changes his views and feels the sector is more fairly valued at present. We wrap up with the trend of investors also rotating into the safety of larger tech leaders with good cashflows.
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Click here to visit the PreMarket Prep website to follow along with Joel’s market commentary.
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc To Market website joins us for an inside look at the banking sector in the US and around the world.
Marc outlines the drops in financial stocks and potential contagion fears. We also discuss if these banking issues will lead to contagion of other markets considering the broad averages are still holding within wide ranges. Finally on to the Fed balance sheet expansion over the past 2 weeks. Does this constitute QE?
Click here to visit Marc’s website – Marc To Market.
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins us to share more information on a recent Shareholder Letter sent out by the Company.
Outlined in the Shareholder Letter was information on the financing that was up-sized and brought in some well known mining investors. When the stock halt will be lifted and comments from PDAC are also included.
After recapping the Shareholder Letter we have Charles look ahead to the work plans at Ana Paula extending into next year where the Company could be ready to make a construction decision.
If you have any follow up questions for Charles please email us at either Fleck@kererport.com or Shad@kereport.com.
Click here to visit the Heliostar website and read over the Shareholder Letter.
David Stein, President and CEO of Kuya Silver (CSE:KUYA – OTCQB:KUYAF) joins us to recap the March 15th news release reporting native silver in drill core from the Campbell-Crawford Area, on the Silver Kings Project, Ontario. Assay results are still pending.
We have David provide a background on the Campbell-Crawford Area and what attracted the Company to move the drill to this area. David also provides and overview of the types of silver deposits in the area as an analog to what’s possible at Silver Kings.
If you have any follow up questions for David please email us. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release with accompanying images of the drill core.
Doug Bartole, President and CEO of InPlay Oil (TSX:IPO – OTCQX:IPOOF) joins us to recap the 2022 Financial Statements released on March 15th and provide an outlook for the Company through 2023.
2022 Was a big year for the Company as it achieved record average annual production, annual adjusted funds flow and annual free adjusted funds flow, along with implementing a divided and paying down debt. We have Doug highlight the improvements in all these categories throughout 2022. We also discuss the increases in the Company’s Reserves.
For the 2023 outlook we ask Doug about growth plans including the overall budget for the year, the sustainability of the dividend and debt repayment plans.
If you have any follow up questions for Doug please email us. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release reporting the 2022 financial results.
Shawn Wallace, Executive Chairman of Torq Resoruces (TSX.V:TORQ – OTCQX:TRBMF) joins me to discuss the drill program at the Santa Cecilia Gold-Copper Project in Chile. A 15,000 meter program begins with 7,000 meters before a break for winter, starting at the Cerro del Medio target area.
I have Shawn provide more information on the first target, Cerro del Medio. We recap the historic work and the mineralization targeted. We also discuss the overall budget.
If you have any follow up questions for Shawn please email me at Fleck@kereport.com.
Click here to visit the Torq website and read over the recent news.
Jeff Christian, Managing Partner at the CPM Group, joins us for a discussion on the overall supply picture in the mining sector, and specifically what the major gold and silver mining producers are focused on. This is a wide ranging discussion that gets into the constant need for the larger producers to replace reserve as they are continually depleting their assets through extraction.
One area that is often missed by investors is that many of these larger mining companies are already sitting on very large resources, not currently held in reserves, that can jump categories as metals prices rise, and thus lifting the underlying price assumptions and moving resource into reserves. As for acquisitions, most of these larger producers are more interested in pursuing advanced and de-risked development projects or already producing mines from the smaller companies, rather than taking on so much risk acquiring earlier stage companies.
We also review how the size of deposits that have their interest have moved up from simply 1 million ounce deposits to now multiple million ounce deposits. Next we discuss how jurisdiction risk can play into where the majors are focused, and we note the trend back into safer jurisdictions with better infrastructure and rule of law. We wrap up with the benefits and disadvantages for juniors when larger companies take a strategic stake in them for helping fund earlier stage exploration.
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Click here to visit the CPM Group website.
Craig Hemke, Founder and Editor of TF Metals Report joins us for a discussion focused on the recent US bank collapses followed by a reversal in the yield curve. Before the news on the few banking collapses the yield curve was so inverted the last time we saw this was back in the early 80s. The short end of the curve crashed after the news but the overall yield curve is still inverted.
We discuss the market shift this week back towards risk-on as markets bounced and are up for the week. Craig thinks this is just the start of major issues for the system and it will further lead the Fed to pause hikes and possibly cut rates later this year.
Click here to visit Craig’s site – TF Metals Report.
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins us to recap the 2022 financial results from the Las Chispas Project in Mexico. The Company announced commercial production on November 1st, 2022. After 2 months of production the financials show Mine Operating Income of over $28million on Revenues of $43million.
We dive into the financials with Chris, discussing profitability, debt reduction, cash growth and forecasts for 2023. Chris drives home the message that the Company is in production and no longer in ramp up mode. When it comes to 2023 plans we discuss debt repayment, a technical report coming in Q2, exploration ramping up in the second half of the year and other catalysts shareholders can look forward to.
If you have any follow up questions for Chris please email Shad and me. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the SilverCrest Metals website to read over the 2022 financial results.
Click here to view the full 2022 Financial Statements.
Steve Penny, Publisher of The SilverChartist Report, joins us to share a handful of key charts on Gold, Silver, GDX, the US Dollar, and (URNM) the Sprott Uranium Miners ETF. [all charts are posted below so you can follow along]
We also intermix some macro fundamentals and trading strategies into the discussion, and use the very oversold nature of the uranium mining stocks and ugly looking charts to discuss the difference between longer-term value investing as a contrarian investor in fundamentally sound oversold sectors or companies, versus short-term investing with the trend of momentum in a primary uptrend. Steve also discusses the importance of position-sizing, and to aware of sentiment extremes to the upside as well as the downside.
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Click here to visit the SilverChartist website
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Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share his technical and macro outlook for gold, silver, and the PM mining stocks now that we’ve seen a bump in precious metals sector on the back of the recent banking concerns continuing to roil markets. One of the key takeaways Jordan has noted is that gold is getting very close to making new highs versus foreign currencies and is gaining traction versus the S&P 500 and general equities. Those 2 factors usually have preceded a rise in US dollar terms and a breakout to new highs there as well. The other key technical factor to consider is $1950 area of monthly resistance as we close up March and also the quarter. A meaningful close above that level would be a positive technical factor for the whole sector.
Next, we followed up on last week’s conversation where he had pointed out the risks are still present, if the recessionary pressures were to intensify and if general equities corrected down, for silver and the PM mining stocks to go back and retest their lows from last year. While that is still a potential concern to consider over the next few months, Jordan is more constructive that a move higher in gold would eventually drag silver and the mining stocks higher in tandem. We wrap up by discussing how mining stocks may respond in both the environment of a medium-term pullback in a recessionary route, or in a break out move by gold above $2100.
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Click here to visit Jordan’s site – The Daily Gold.
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), joins us to outline continued high-grade silver drill hits over wide intercepts from the JAC Target at the Diablillos Project in Argentina.
Just today, news was released where drill hole# DDH 23-004 encountered the all-time highest-grade silver intercept recorded on the entire Diablillos project to date and the best grade-thickness intercept to date at the new JAC Zone. This drill hole intersected a broad zone of 14.0 meters at 3,025 g/t Ag and 0.21 g/t Au starting from a down-hole depth of 136 meters, including the bonanza grade intercept of 32,481 g/t Ag and 0.74 g/t Au over 1.0 meter.
John outlines why the exploration team is so encouraged by the continued Phase 3 program drill success at this JAC Zone, as these results just followed another wide silver intercept reported on Feb 27th, where drill hole# DDH 22-083 intersected a broad zone of high-grade silver mineralization with 25.0 meters at 774 g/t silver, 0.28 g/t gold and 1.36% copper, starting from a down-hole depth of 159 meters. Many of the prior drill holes were also over larger 20-40 meter intercepts of mineralization near surface, making this area of prime interest for the upcoming resource estimate and PFS to be released later this year.
The Company already released a Resource Estimate for the Oculto Deposit on November 3rd of last year, but the focus now is for this expanded 22,000 meter Phase 3 drill program at the JAC Target to be released over the next few months, and then put into a maiden resource on this JAC target area in September, followed by incorporating other metallurgical work, environmental and permitting work, and other derisking work going on into a Preliminary Feasibility Study by year end.
If you have any follow up questions for John regarding at AbraSilver, then please email us at Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver
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Click here to visit the AbraSilver website and read over the most recent news releases.
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Dave Erfle, Founder and Editor of The Junior Miner Junky joins us to discuss the pop in gold and silver and the underlying stocks over the past 3 trading days on the back of the collapse of Silicon Valley Bank and a couple other banks.
Dave points out the large volume yesterday (Monday) in GDX , GDXJ and SIL. It’s al about follow through now as Dave is focused on gold getting over $2,000/oz for a monthly close. He thinks this could be the major driver for another bull market run.
Click here to visit the Junior Miner Junky website to follow along with Dave’s comments on PMs and the stocks he is buying or selling.
Sean Brodrick, Editor of Wealth Megatrends, and contributing analyst to Weiss Ratings Daily joins us to share his thoughts on the Silicon Valley Bank (SVB) collapse and what it means for the overall financial sector. We also tie in the inflation data (CPI) today that came in as expected.
In terms of markets Sean shares a bond trade he recently put on. We also move to a couple commodities including oil, natural gas and gold. It’s a messy market all around but this recent SVB collapse has everyone rethinking the outlook for Fed policy and markets.
Click here to visit the Weiss Ratings Daily website to follow along with Sean’s market outlook.
Cherie Leeden, President and CEO of Gold Bull Resources (TSX.V:GBRC – OTCQB:GBRCF) joins us to provide an overview of the 2023 work plans at the Sandman Property in Nevada. These work plans were outlined in the March 8th news release.
We start with the PEA that was released last year and the optimization opportunities. This starts with including 100% of the resource, where the initial PEA was only considering the top half of the resource. We then discuss the exploration plans which will be focused on more greenfield areas on the Project and a focus on buddingtonite, which is considered a close proximity indicator of the Sleeper high grade gold vein and other high grade Nevada gold deposits.
If you have any follow up questions for Cherie please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Gold Bull website to read over the March 8th.
Ed Moya, Senior Market Analyst At OANDA joins us to discuss the Silicon Valley Bank collapse and what the fallout could be for other US banks and Fed policy. We also discuss the market reaction where the US Dollar is down but most markets/sectors are up (except for the financial sector). Leading the charge today are gold, silver and the underlying stocks.
Click here to stay up to date with Ed’s daily market comments
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX) joins me to discuss the continued move of the Company toward uranium with the application for 2 more licenses to the north and south of the recently acquired Viken Property. Announced on March 7th the Company is expanding it’s land package around the Viken Property by over 3 times; 2,302 hectares (ha) to 9,367 ha. See Figure 1, from the news release, posted below that shows the growth of the land package.
I have Garrett recap the historic work completed on the newly added land and what District Metals initial work plans will be. We also focus on the uranium moratorium in Sweden. With a vote coming up on March 29th I have Garrett outline what that would mean for the Company and its general focus.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
Click here to visit the District Metals website and read over the full March 7th news release.
Figure 1: Viken Mineral License Applications and Outline of Viken Deposit
Welcome to the Weekend Edition of The KE Report. Since markets continue to chop sideways without much direction we feature a fund manager and two technical traders all sharing a balance of their short and long term strategies.
Please keep in touch with Shad and I through email. We love hearing your thoughts on the markets, our guests and the companies we feature each week. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 – Dana Lyons, Fund Manager and Editor of The Lyons Share Pro website kicks off the show by sharing what his financial models are telling him about where the markets go from here. We focus on the value sectors which Dana thinks have the best upside.
- Click here to visit the Lyons Share Pro website.
- Segment 2 – TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website shares his short term trading strategies for these sideways markets. We also focus on the individual sectors TG has a bullish outlook for.
- Click here to visit the Profit Pilot website.
- Segment 3 and 4 – Richard Postma, AKA Doc wraps up the show with his long term technical outlook for gold, gold stocks, silver, US markets, US Dollar, oil and base metals.
Dana LyonsTG Watkins Doc
Ryan King, Senior VP of Corporate Development and IR at Calibre Mining (TSX: CXB – OTCQX: CXBMF), joins us to recap the full year 2022 operations, production guidance for 2023, and the overall organically-funded exploration strategy, continuing grade-driven growth of the resources in both Nicaragua And Nevada.
Calibre Mining now has the largest Nicaraguan Mineral Reserve estimate, at a record grade of 5.37 g/t gold, which is a 16% increase, over the 2021 average grade of 4.62 g/t gold. There has also been a 278% increase in the Nicaraguan Mineral Reserves to approximately 1,082,000 ounces gold, net of depletion since acquisition in 2019. We discussed the 2 key areas of development and near-term production will be coming from Eastern Borosi and Pavon Central, both continuing to add higher grade throughput through the Libertad Mill. There is also aggressive ongoing exploration focused on prior high-grade drill results from Panteon North, new zones around the Libertad Mill, Veta Azul, Volcan, and also new targets at Buena Vista and La Fortuna.
Next we transition over to the Nevada assets, and all the ongoing exploration work the company has underway around both the Pan Mine area and at the development-stage Gold Rock Project. The exploration team is encouraged by recent drill results stepping out from the known mineralization and finding higher grade gold intercepts at the Coyote target, as well as stepping out from the Pan Mine area. There are also some targets on drilling some deeper ‘Carlin Style’, sulfide mineralization at Gold Rock Deep. We wrap up by reviewing some of the recent high-grade gold intercepts that were released from the Golden Eagle Project in Washington state, the 2 million ounces of gold in the ground there, and some of the larger majors projects in the area that represents future optionality for this project.
If you have any follow up questions for Ryan on Calibre Mining, then please email us at Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Calibre Mining.
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https://www.calibremining.com/news/
Joel Elconin, co-Host of The Benzinga PreMarket Prep Show and Editor of The PreMarket Prep website joins us to discuss the Silicon Valley Bank issues brought to light this week. This has caused financial stocks to get hit as contagion fears dominate the markets. We are also seeing the USD and yields pull back as it also has lower Fed rate hike expectations. This news in the financial sector has completely overshadowed the strong jobs data from this morning.
Click here to visit the PreMarket Prep website to follow along with Joel’s market commentary.
Martin Turenne, President and CEO of FPX Nickel (TSX.V:FPX – OTCQB:FPOCF) joins me to discuss the $725,000 funding from the Government of Canada’s Critical Minerals Research, Development and Demonstration (“CMRDD”) program. This is the first time the Government is providing money to critical minerals companies from the CMRDD program. This money is non-dilutive and non-repayable.
Martin explains how this money will be used to continue to de-risk and move forward the Baptiste Nickel Project. We discuss what attracted the Government to this Project over the 100+ other applicants for the program. We also look ahead to the work ongoing and planned this year to move the Project closer to development.
If you have any follow up questions for Martin please email me at Fleck@kereport.com.
Click here to read over the full news release highlighting the $725,000 funding.
Craig Hemke, Founder and Editor of TF Metals Report, joins us to review the key macroeconomic data on tap, and how this may influence market expectations on Fed rate hikes and the duration of this tightening cycle. We discuss the likely volatility we could see in either direction, based on where the Non-farm Payroll jobs report comes in tomorrow, and where the CPI inflation comes in next Tuesday. We tie this back to how it may affect gold, silver, and the PM mining stocks. We wrap up discussing how the actions of other central banks like the ECB and Bank of Japan may affect their respective currencies of the Pound and Yen, and how the global economy may bleed over into our markets.
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Click here to visit Craig’s site – TF Metals Report
Brien Lundin, Editor of The Gold Newsletter and our host at the New Orleans Investment Conference, joins us to discuss the continued pressure in the PM sector, based on macroeconomic news, but also shares a constructive outlook on gold, silver, lithium, and copper stocks. The markets focus is still clearly fixated on how any incoming economic data may shape Fed policy decisions, and thus the duration and amount of their rate hiking cycle.
We also discussed his key takeaways on investor sentiment and the key commodities in focus at the PDAC convention that just wrapped up this week. Brien shares 2 precious metals companies that continue to have his attention, Lahontan Gold (LG) and Vizsla Silver (VZLA), and that he remains very bullish on the sector setup in copper and copper stocks.
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Click here to visit the Gold Newsletter website.
Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU – OTCQX:NCAUF) joins us to recap the March 6th news release reporting the updated Resource Estimate at the Enchi Gold Project in Ghana. The total Resource Estimate came in at 1.71million oz gold (743,500 indicated ounces at 0.55 g/t and 972,000 inferred ounces at 0.65 g/t).
We have Luke outline the inaugural Indicated Mineral Resource, a new high-grade underground resource, adding a fifth deposit (Tokosea) and the drill meters that were not included in the resource update. We also discuss what comes next for exploration and further de-risking of the deposit with possible production in mind.
If you have any follow up questions for Luke regarding the updated Resource Estimate or the plans moving forward please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release reporting the update Resource Estimate.
Dan Kunz, CEO of Prime Mining (TSX.V:PRYM – OTCQX:PRMNF) joins us for a broad update on the Company’s Los Reyes Project in Sinaloa Mexico.
The last update was back in 2020 when the Company released the initial Resource Estimate on the Project totaling 1.1 million oz gold equivalent (in M&I and Inferred). Since that time the Company has drilled around 100,000 meters that will be incorporated into the upcoming Resource Estimate update. Dan details where this drilling has been focused and some the new areas outside of the 3 resource areas.
We also discuss the ongoing exploration program, with 5 drills currently turning. We ask Dan how the Company is allocating the drills between the 3 resource areas and 4 new target areas.
If you have any follow up questions for Dan please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to visit the Prime Mining website and read over the Corporate Presentation.
Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us to review macro investing themes in general US equities and in the commodities resources stock in copper, gold, and uranium.
We kick things off with a macroeconomic discussion on inflation trends and a swath of recent better than expected data, allowing for the continued Fed tightening cycle, and what that means for interest rates, and markets. This is a wide-ranging discussion that gets into the continued yield curve inversions, if we are going to see a “double-whammy” recession, and how that could affect the demand for various commodities.
Nick has taken a few positions in gold and copper stocks, and discusses his views on best practices when it comes to getting into private placements. In the near-term he is most bullish on the uranium sector, mentioning he favors the more advanced companies that are dual-listed on the big boards like Energy Fuels (UUUU) (EFR), enCore Energy (EU), and Uranium Energy Corp (UEC), but also mentioned adding some exposure to the earlier-stage explorer Kraken Energy (UUSA) (UUSAF).
- In full disclosure, Shad is also a shareholder of Energy Fuels, enCore Energy, and Uranium Energy Corp.
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https://digestpublishing.com/publications/
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his outlook for silver, gold stocks and gold (in that order) now that selling pressure has continued. The downside target for silver and gold stocks are the lows from last year which would be another 15% for silver and 20%+ for GDX and GDXJ. Listen in to find out why he is looking for these lower levels.
Click here to visit Jordan’s site – The Daily Gold.
Don Simmons, President and CEO of Hemisphere Energy (TSX.V:HME – OTCQB:HMENF) joins us to provide a big picture overview of the Company’s current operations, 2023 corporate guidance and growth plans.
For a quick 2022 recap we walk through the elimination of bank debt, initiation of a quarterly dividend, start-up of a tertiary enhanced oil recovery scheme, and new record production levels. Production has increased approximately 55% year-over-year to the current 3,200 boe/d level. We then discuss the $14million capital expenditures program planned for this year funded by an estimated $45million adjusted funds flow.
If you have any follow up questions for Don please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Hemisphere Energy website to learn more about the Company.
Robert Sinn, known as Goldfinger over at CEO.ca and writer at the Energy and Gold website, joins us with his technical outlook, thoughts on seasonality and the PDAC Curse, and the recent activity and trading action amongst companies operating in the Yukon. We start off by having Robert share the technical pricing support and resistance levels that he is watching for in gold and silver, and looking at their level importance in connection with varying investors time horizons.
Next we shift over the pattern of seasonality we see in the precious metals sectors from year to year, especially as it relates to the buying pressure coming out of tax loss selling season in the first quarter, only to get faded with selling pressure leading into late February and early March. This coincides right in time for the annual PDAC conference; earning it the nickname the “PDAC curse” after happening fairly consistently for over 2 decades now. Robert points out some of the seasonal factors like the gold’s typical weakness in March, in conjunction with companies rushing their best newsflow out in the weeks leading up the conference, where investors have gotten wise to this pattern which precedes the inevitable capital raising window that occurs right afterwards, to fund summer drill programs.
We wrap up with getting Robert take on the dichotomy between the trading action in shares that clearly are running low on funds, versus companies that are still well cashed up to keep moving their projects and work plans forward for the balance of this year and into next. He highlights Banyan Gold (TSXV:BYN)(OTCQB:BYAGF) as company that is quite cashed up, exploring to expand their resources, and has been trending sideways holding onto most of their gains during this tough period for the sector. This brings up a larger discussion about how area plays can pull in more investor interest, and how there has been a flurry of M&A activity and majors taking over or taking key strategic positions in Yukon developers recently, which has been a net positive for the sector and that jurisdiction.
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Click here to visit the Energy and Gold website.
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https://ceo.ca/@goldfinger
Thank you to everyone who has sent in your questions following my last update with Graphene Manufacturing Group (TXS.V:GMG). It took a little longer to schedule a follow up update with Craig Nichol, Founder and CEO of GMG but I will be bringing Craig on approximately every month to address the wide range of questions I receive. So please keep emailing me, Fleck@kereport.com.
In this update Craig addresses questions on the Company’s graphene production, battery data and recent advancements for the coin cells and pouch packs, Thermal-XR revenue strategy and the possibility to bring on a partner for future funding and growth. It’s a longer interview as I tried to get the majority of the questions answered. If you want more clarity on anything or for all other questions please email me.
click here to visit the GMG website and read over the recent news releases.
Scott Casselman, VP of Exploration at Rackla Metals (TSX.V:RAK) joins us to introduce this gold exploration Company with 4 Projects in the Tombstone Gold Belt, in Northwest Territories and Yukon. The flagship Project is the Astro Project followed by the HIT, SER and JOS Projects.
I have Scott provide a background on all the Projects and exploration outlook for this year. We also discuss estimated drilling costs, the team behind Rackla Metals, key shareholders and cash in the bank.
If you would like any more information on the Projects or this year’s exploration strategy please email me at Fleck@kereport.com.
Click here to visit the Rackla Metals website to learn more about the Company and Projects.
John Rubino, Founder of the Dollar Collapse website and editor of a recently launched newsletter over at Substack, joins us to review some long and short investing themes as markets await the larger macro trends in motion to contract economic growth. We discuss possible scenarios that could play out as the Fed and other central banks keep tightening and how the interest rates we already have will have a lagging factor on pressuring both businesses and consumers. If we see a recession or extended contraction worsen due to this backdrop, then we could see different sectors break under the pressure and this could be the tipping point to bring in more accommodative action from the central banks, without fixing the real issues.
Until that plays out, then John is seeing interesting shorting opportunities in general equities and even overseas in markets like Japan or with currencies directly like the Yen. He is more hesitant to get too much long exposure at this point in the cycle, but he is interested in scaling into more uranium, copper, and silver sector and stock exposure, and outlines the medium to longer-term positive supply/demand growth narratives in these commodities.
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https://rubino.substack.com/
Ed Moya, Senior Market Analyst at OANDA joins us for a discussion on recession outlooks for the US and globally. We focus on recent economic data balanced with a shift in expectations toward more rate hikes from central banks. We then shift the discussion to oil. Breaking above $80/barrel today oil has been range-bound but Ed lays out what to watch for in terms of upcoming drivers.
Click here to visit the OANDA website to read Ed’s daily market note.
Michelle Dececco, Vice-President and COO of Lithium Chile (TSX.V:LITH – OTCQB:LTMCF) joins me to introduce the Projects in Chile and Argentina, management team and exploration plans at a wide range of Projects.
We start with the Arizaro Project in Argentina which is the most advanced of all the Company’s assets. With a resource of 2,587,000 tonnes lithium carbonate equivalent from two wells. The Company is currently drilling a third well with plans for a fourth later this year.
We then move onto the 12 Projects in Chile. A focus being on 4 Projects, 2 JV and 2 100% owned, that are expected to be drilled this year.
To wrap up we discuss the management team and cash position (around $42million).
If you have any follow up questions for Michelle or want more information on any of the Company’s Projects please email me at Fleck@kereport.com.
Click here to visit the Lithium Chile website and read over the Company’s Corporate Presentation.
Welcome to another KE Report Weekend Show. We are in a slow time for major economic data and central bank meetings so we take a more focused approach this weekend towards investment strategies in metals and energy stocks.
Please keep in touch with Shad and I through to share your thoughts on the markets, our guests and the companies we featured throughout the week. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Matt Geiger, Managing Partner at MJG Capital joins us to share his outlook on the junior metals stocks, the investment angle for CRD assets in Nevada and what has peaked his interest in the vanadium sector.
- Click here to learn more about MJG Capital.
- Segment 3 and 4 – We switch our focus to investing in energy stocks with Dan Steffens, President of the Energy Prospectus Group. We start with comments on the crash in natural gas price along with his investing strategy for the stocks. We then move to the oil sector. Dan shares a lot of stocks that he likes for a variety of investors.
- Click here to learn more about the Energy Prospectus Group.
Matt GeigerDan Steffens
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website, joins us to looks at the trends in interest rates and how that aligns with Fed policy expectations, the continued inverted yield curve, how this impacts the debt servicing as it rolls over at higher rates, and how this has affected key global currencies. We also look forward to the key US economic data on tap for next week, with Powell addressing the house, another jobs report, and other announcements expected from the Bank of Japan and People’s Bank Of China.
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Click here to visit Marc’s free blog – Marc to Market.
Joel Elconin, Co-Host of The Benzinga PreMarket Prep Show and Editor of The PreMarket Prep website joins us to recap the market moves this week ending with on a positive note. We discuss the short term trend which is higher, a couple higher lows for the S&P, and is being lead by tech.
There is also some data from TD and CIBC showing residential mortgages shifting amortizations to grater than 35 years. Essentially kicking the can down the road to help homeowners limit the massive increases they’ve seen in mortgage payments.
Click here to visit Joel’s PreMarket Prep website.
Craig Hemke, Founder and Editor of TF Metals Report, joins us to discuss what kind of macroeconomic setup we may need to see for more investors increase buying in bonds, gold, and silver. We review the recent and historic trends in interest rates, the attractive current yield for average investors or hedge funds, the continued inverted yield curve, the prospects of a coming recession, the challenges the Fed may face in months to come, and some fundamental and technical factors that may become a more bullish environment for gold and silver.
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Click here to visit Craig’s site – TF Metals Report
Jason Kosec, President and CEO of Millennial Precious Metals (TSX.V:MPM – OTCQB:MLPMF), joins us to break down the transformative merger with Integra Resources (TSX-V: ITR; NYSE: ITRG). We discuss some of the key metrics on what the pro-forma combined company will have as far as an initial valuation, how that valuation could rerate in line with peers, the combined resources, and what the growth profile will be. After combination, the new pro-forma Company will be one of the largest precious metals development and exploration companies in the Great Basin, featuring a diversified portfolio of assets including Integra’s past producing gold-silver DeLamar Project in southwest Idaho and Millennial’s oxide-focused Wildcat and Mountain View Projects in western Nevada.
The Companies also have announced concurrent equity financings for aggregate gross proceeds of C$35 million, where the net proceeds of which are expected to be used by Integra, following completion of the Transaction, to fund an updated Mineral Resource Estimate and Mine Plan of Operations at the DeLamar Project, the preparation of a Mineral Resource Estimate and Preliminary Economic Assessment (PEA) on Millennial’s Wildcat and Mountain View Projects in Nevada, as well as on-going baseline work for additional permitting and exploration at the Companies’ respective projects. In addition to the development pipeline, meaningful exploration potential exists in the BlackSheep, War Eagle and non-oxide targets at DeLamar and the Dune, Eden, Marr, Ocelot, Cerro Colorado and Red Canyon Projects from Millennial.
Wheaton Precious Metals Corp. (TSX | NYSE | LSE: WPM) has also come on as a new cornerstone investor, with Wheaton agreeing to invest an amount equal to up to 9.9% of the issued and outstanding Integra Shares. The equity participation of Wheaton in connection with the Transaction provides significant project and transaction validation while also creating a partnership for future project financing. The equity financing also includes participation by Beedie Investments Ltd. an existing lender and shareholder of Integra.
If you have any follow up questions for Jason, or want more information on any aspect of Millennial Precious Metals, then please email us at Fleck@kereport.com or Shad@kereport.com.
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https://millennialpreciousmetals.com/investors/#latest-news
Jesse Felder, Founder and Editor of The Felder Report joins us to focus on the key economic data he is watching, how it filters into inflation and Fed policy then to market dislocations. While many people have shifted to a soft landing or no landing narrative Jesse is much more worried about what the Fed will have to do to get inflation under control. We also discuss US money supply and how higher rates could turn around the recent downtrend.
Click here to follow along with Jesse over at The Felder Report.
Alistair Waddell, President and CEO of Inflection Resources (CSE:AUCU – OTCQB:AUCUF) joins us to discuss the February 23rd news release reporting AngloGold Ashanti singing a non-binding multi-year exploration earn-in agreement for a portfolio of copper-gold projects in Australia. This is very big deal for Inflection as AngloGold could be spending a lot of money on a number of Projects to earn up to 75%. See the table below for a summary of the 4 Phase earn-in agreement.
We have Alistair recap how the Company got to the this point and provide some further details on the earn-in agreement.
If you have any follow up questions for Alistair please email us at Shad@kereport.com or Fleck@kereport.com.
Click here to visit the Inflection Resources website and read over the full news release.
Greg Johnson, CEO and Executive Chairman of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), and Chairman of the Metallic Group of Companies, also including Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF) and Granite Creek Copper (TSX.V:GCX – OTCQB:GCXXF), joins us to recap the news on Metallic Minerals that was just released to the market on February 24th, at the La Plata project in southern Colorado. Hole# LAP22-04, drilled to the north of the resource area, intercepted the longest and highest-grade interval ever encountered at La Plata at 816 meters of 0.41% recovered copper equivalent, ending in 3.53% CuEq over the final 9.75 meters. This is one of the top intersections for any North American copper project in the past several years. We also discussed the additional high-grade gold-platinum-palladium mineralization associated with copper and silver, and what this discovery of a new style of mineralization could mean in the resource area.
Next we review some key takeaways from the 2022 exploration season at the West, East, and Central target zones, along with the overall 2023 work strategy building towards a maiden resource estimate at the Keno Silver Project in the Yukon. We also mention the positive for the whole Keno Hill area that Hecla is aggressively moving it’s mine towards commercial production by the end of this year.
We also revisited the recent announcement of the production royalty agreement on 5 ½ miles of alluvial gold claims at its Australia Creek property in the Klondike Gold District of Canada’s Yukon Territory. This is with Little Flake mining, a company owned and operated by Parker Schnabel of Discovery Channel‘s top-rated television series, “Gold Rush.” Greg unpacks what this first royalty deal in their Klondike Alluvial claims with Little Flake mining, and future royalty transactions, could mean as far as income revenues to the company to help fund more exploration and operations.
If you have any follow up questions for Greg on Metallic Minerals, or any of the Metallic Group of Companies, then please email us at either Fleck@kereport.com or Shad@kereport.com.
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Click here for a summary of the recent news out of Metallic Minerals.
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To attend the Metallic Minerals webinar for 03/02/2023 @ 10am PST click here:
https://us02web.zoom.us/webinar/register/WN_JCjlpeYfQVKZUqoq2U2qig
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review the developing macroeconomic data and how that may shape the severity and timing of when larger recession will hit, and how this well affect the precious metals sector. If we see a soft landing in the near-term, pushing the recession out to 2024, then this would prolong the breakout of a true secular bull market in gold, and PM mining stocks.
Since another key part of the equation for gold to confirm a true bull market in real terms, is for the eventual divergence from the general US equity markets, we also get Jordan’s technical outlook and thoughts on how the general equities are currently setting up for the medium-term.
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Click here to visit Jordan’s site – The Daily Gold
James Anderson, President of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF) joins us to provide a production and exploration update at the Company’s Projects in Mexico.
Production drastically increased throughout 2022, starting in Q1 with 276k AgEq oz and growing to 836k AuEq in Q4. We have James outline the growth projections for next year and how the new assets acquired from Great Panther back in August have preformed on the production front.
On the exploration front we recap the most recent news release on February 23rd, highlighting the best drill hole to date on any of the recently acquired Great Panther Projects. James shares details on the number of drills turning and focus currently for exploration.
If you have any follow up questions for James or want more information on any of the assets please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Guanajuato Silver website to read over the recent news releases we discussed.
Over the past month Kuya Silver (CSE:KUYA – OTCQB:KUYAF) has released news on a toll-milling agreement at the Bethania Silver Project in Peru and the start of a drill program at the Silver Kings Project in Ontario.
David Stein, President and CEO of Kuya Silver joins me to discuss both of the news releases. We start with the toll-milling agreement to expand on the terms and pathway to initial revenue. On the exploration front, at Silver Kings, I have David recap the main target and overall strategy of the program.
If you have any follow up questions for David please email me at Fleck@kereport.com.
Click here to visit the Kuya Silver website to read over the recent news.
Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT – OTCQB:AZZTF) joins us to discuss the exploration programs ongoing at both the Tombstone Project (in Arizona) and Cervantes Project (in Mexico). At Tombstone a 2,250 meter program is planned, at Cervantes 2 phase program has just started with up to 4,000 meters to be drilled based on early results.
If you have any follow up questions for Simon please email us at Shad@kereport.com and Fleck@kereport.com.
Click here to visit the Aztec Minerals website to read over the recent news.
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to share a couple key technical support and resistance levels he is watching in gold, silver, GDX, and GDXJ and some of the fundamental macro drivers he sees continuing to shape the markets.
We then pivot over to the continued theme of more “Mining Merger Mondays” in the precious metals sector, with 2 more transactions announced this week. We discuss both the I-80 Gold Corp (TSX: IAU) (NYSE: IAUX) takeover of Paycore Metals (TSXV: CORE), and the merger between Integra Gold (TSX-V: ITR; NYSE American: ITRG) and Millennial Precious Metals (TSX-V: MPM, OTCQB: MLPMF). This leads into a larger discussion on the pitfalls and opportunities of holding development stage assets with ounces in the ground at different parts of the sector and how M&A deals can be both a boon and a bust for investors depending on their investment goals, time horizons, and when and what price they got into positions.
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Click here to visit the Junior Miner Junky website.
Bruce Bragagnolo, Executive Chairman of Regency Silver (TSX.V:RSMX – OTCQB:RSMXF) joins us to discuss the visual mineralization over good widths on 2 more holes just press released in the ongoing drill program at the Dios Padre Project, in Mexico, that started at the beginning of January.
The current 3 hole, 3,000 meter program has been focused on follow drilling around the discovery hole #REG-22-01 announced on October 11th, which had yielded 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver along with 13.97 g/t Au, 50.25 g/t Ag and 1.11 % Cu over 9.8 m. The company is still waiting on the actual assay results to be returned but did announce on February 23rd that drill hole# REG-23-14 intersected 32mof pyrite-specularite-chalcopyrite supported breccia from ~454-486m and drill hole# REG-23-15 intersected 120m of specularite-pyrite-chalcopyrite supported breccia from ~400-520m, with both holes being down dip 25m and 85m respectively from drill hole #REG-22-01.
The Company is also now about 80% complete with the IP program over Dios Padre, anticipating the program results and interpretation before the end of March. Once the drill assays are returned in March and the IP data is overlaid, this will help to further isolate future drill locations.
If you have any follow up questions for Bruce, then please email us at Fleck@kereport.com and Shad@kereport.com.
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Click here to visit the Regency Silver website to learn more about the discovery and current drill program.
Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU – OTCQX:NCAUF) joins us to answer your questions on when the Resource Estimate update on the Enchi Gold Pro will be released. This update will come on the back of the 2021 Resource Estimate that came in at 1.41million ounce gold deposit, all in the inferred category.
We also discuss the ongoing work at the Project that is both focused on de-risking the Project and further targeting new areas to be drilled later this year.
If you have any follow up questions for Luke please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Newcore Gold website to learn more about the Enchi Gold Project.
Tavi Costa, Portfolio Manager at Crescat Capital join us to share his macro outlook for the gold sector, including the stocks, as well as a number of stocks he and Crescat are excited about.
Still a bullish outlook for the gold sector is timed with a very bearish outlook for the broad markets.
Click here to visit the Crescat Capital website to learn more about the Firm’s funds.
Mike Spreadborough, Executive Co-Chairman at Novo Resources (TSX:NVO, NVO.WT & NVO.WT.A – OTCQB:NSRPF) joins me for a comprehensive exploration outlook this year throughout the Company’s Projects.
We start with the main focus of this year at the 100% owned Projects. The Becher Project will have the most drilling early on in the year with 2 rigs starting to turn in early April. We also discuss the drilling planned at Bellary Dome, Mosquito Creek Basin, and the Victorian Tenements. We then move to the lithium and nickel Projects, where JV partner Liatam just announced the planned exploration program on February 23rd.
If you have any follow up questions for Mike regarding any of the work planned for this year or if you want more information on any of the Project’s please email me at Fleck@kereport.com.
Click here to visit the Novo Resources website and read over the newest Corporate Presentation.
Doc Jones, Private Investor and editor of DrJonesResourceInvestor.com, joins us to discuss different aspects of investing in the energy sector, from oil and natural gas, to lithium, and then to the battery metals or energy metals companies. Since he cut his teeth on the traditional oil and nat gas stocks over 2 decades ago, we start with his outlook on the pullback we’ve seen in this part of the energy space, what he likes, and the focus he has on the more established teams and assets with true scale and stability. He noted both Birchcliff Energy (TSX: BIR; OTC: BIREF) and Freehold Royalties (TSX: FRU; OTC: FRHLF) as examples of solid dividend paying companies with excellent financials and growth built in.
Next we jumped over to the battery metals theme and the huge amount of investor interest over the last few years in the lithium companies, along with some thoughts on how to filter down to the better quality company in this smaller niche commodity. Doc Jones outlines 3 companies at various stages of the mining cycle that he has invested in personally: Sigma Lithium (TSX.V:SGML, NASDAQ:SGML), Lithium Ionic (TSXV: LTH; OTCQB: LTHCF), and Brunswick Exploration (TSX.V: BRW; OTC: BRWXF) , and the rationale behind the investments he made into each personally. We also discussed the frothy nature of the lithium sector at present and that investors should really understand the deposits and team they are investing in, and stick with the larger producers if they are not sure how to evaluate earlier stage projects.
We wrap up with why he is more interested in investing in critical minerals like copper, nickel, and zinc companies over precious metals companies, due to all the positive tailwinds we see behind the green energy policies and investment capital flows. The discussion covers a number of areas ranging from government funds and direct investment into energy metals, to ESG, to the cost of capital for different commodities and related mining stocks. He outlines some recent news and catalysts in his favorite 3 critical minerals stocks to invest in: Emerita Resources (TSX.V: EMO; OTCQB: EMOTF), Magna Mining (TSX.V: NICU; OTC: MGMNF), and Osisko Metals (TSX.V: OM; OTCQX: OMZNF).*
- Doc Jones is not paid by any company to discuss these stocks, and these are simply what he is doing with his own money in his own portfolio, and this is not investment advice.
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DOC JONES RESOURCE INVESTOR https://drjonesresourceinvestor.wordpress.com/
Ed Moya, Chief Market Strategist at OANDA, joins us to recap the potential that we’ve seen peak positive economic data from January, which was announced in February, and how that may affect the outlook on economic growth, Fed policy, and market reactions in the US general equities, bonds, and commodities.
After recapping the recent data and how the market is positioning, we discuss what the economic health of the US and global economies really are. We ask Ed if a further recession is still on the table for later this year, or if we are not going to get any kind of economic landing at all, and if the markets are just going to keep flying higher? We discuss the potential for the markets to bifurcate into some sectors doing well, while others may be in contractive territory We then wrap up with a review of the oil and natural gas space and the over health and supply demand picture in the energy sector.
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Click here to visit the OANDA website to follow along with Ed’s daily note.
John DeDecker, VP of Exploration at Eskay Mining (TSX.V:ESK – OTCQX:ESKYF) joins me to provide a full recap of the results from the 29,500 meters of drilling completed in 2022 at the Consolidated Eskay Property in the Golden Triangle of BC. The drilling was focused on two main areas on the Project; the TV-Jeff corridor and along the Scarlet Ridge-Tarn Lake trend.
I have John breakdown all the areas drilled and and focus on where drilling will occur this year. The Company does not have a formal drill plan announced but John expects follow up drilling at all areas from last year as well as the Sib and Lulu areas.
If you have any follow up questions for John regarding Eskay Mining please email me at Fleck@kereport.com.
Click here to visit the Eskay Mining website to learn more about the Consolidated Eskay Project.
Welcome to another KE Report Weekend Show. February has been a rough month for markets, metals, pretty much everything except for the US Dollar all driven by stronger than expected US economic data. Everyone was bullish after the 4 month run that started in Q4 2022 but now that February reminded investors that it’s not smooth sailing ahead.
Please keep in touch with Shad and I through email! Send us your thoughts on the markets and companies we feature on the show, as well as any other companies you would like us to interview. Our email addresses are Shad@kereport.com and Fleck@kereport.com.
- Segment 1 and 2 – Dana Lyons, Fund Manger and Editor of The Lyons Share Pro website kicks off the show by sharing his trading strategy for market and commodities. Dana says sell the rips in tech and buy the dips in value. for commodities we get his outlook for oil, natural gas, gold and copper.
- Dana is running an anniversary special at The Lyons Share Pro website for 1/3 off just this weekend. Click here to visit The Lyons Share Pro website.
- Segment 3 – Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc To Market website breaks down the inflation and retail spending data from Friday that pushed markets lower. Marc has a very different outlook moving forward for the trend of US economic data.
- Click here to visit Marc’s website – Marc To Market.
- Segment 4 – Josef Schachter, Founder and Editor of The Schachter Energy Report wraps up the show with a look into the oil and natural gas sectors. We focus more on the stocks that Josef thinks are the best buys over the next couple of months and how whether he likes oil or nat gas stocks more.
- Click here to learn more about the Schachter Energy Report website.
Dana LyonsMarc ChandlerJosef Schachter
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap the inflation (PCE) and spending data released this morning, which broadly came in above estimates. This is shifting forecasts for Fed rate hikes to more/longer which is pushing markets down. Joel thinks the market highs for this year are in but markets will not go straight down to the lows of 2022.
Click here to visit Joel’s PreMarket Prep website.
Craig Hemke, Founder and Editor of TF Metals Report, joins us to review the continued corrective action in the precious metals sector, and some technical and fundamental factors that point to selling pressure starting to get exhausted near a logical area of support.
Craig advises to focus on the longer-term macroeconomic trends and to use history as one’s guide, rather than getting all caught up in the “tyranny of the urgent” as it relates to incoming economic data blips and daily price swings. By being patient and letting the economic cycle play out and the sentiment pendulum to swing from one extreme to the other, this will help investors stay grounded and avoid getting wrong footed in the choppy markets and short-term whipsaw effect of pricing swings.
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Click here to visit Craig’s site – TF Metals Report
Jayant Bhandari, Private Investor, joins us to focus on the macro picture in both thermal coal and metallurgical coal, as well as a few companies he is reviewing that are offering compelling value propositions. We start off discussing some of the misconceptions about where the energy generation for EVs and the electrification narratives from policy makers is actually coming from, and going to continue to come from. For the foreseeable future that will still involve thermal coal. Then we review that despite one’s preference for power generation, that the demonization of met coal makes no sense as it is crucial for steel manufacturers, and this will come even more into focus as the Chinese economy reopens
Then we have Jayant share some of the coal companies he is reviewing as investable ideas where he is drawn to the low P/E ratios, high cash balances, and solid underpinning of pricing and production.
The companies he mentions for investors to research are:
- Peabody Energy (NYSE.BTU; US$26): 25% metallurgical coal and 75% thermal coal; P/E of 2; dividend yield ~0%
- Coronado Global (ASX.CRN; A$1.92): Metallurgical coal; P/E of 5; dividend yield 12%
- Whitehaven Coal (ASX.WHC; A$7.30): 5% metallurgical coal and 95% thermal coal; P/E of 2; dividend yield 10%
- Warrior Met Coal (NYSE.HCC; US$38): Metallurgical coal; P/E of 5; dividend yield ~0%
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Click here to visit Jayant’s website.
Dave Erfle, Founder and Editor of The Junior Miner Junky joins us to share a couple key levels he is watching for GDX and silver. The 23-24 level in GDX and $21 level for silver are places where Dave thinks the charts could turn upward.
As for M&A in the PM sector, we saw 3 more transactions announced this week. This continues a significant uptick in M&A for the sector after a relatively dead period most of last year.
Click here to visit the Junior Miner Junky website.
Caleb Stroup, President and CEO of Headwater Gold (CSE:HWG – OTCQB:HWAUF) joins us to provide an update on the 2023 work plans at a wide range of Projects in the Company’s portfolio in Nevada, Idaho and Oregon.
We start by recapping the earn in agreement with Newcrest, signed August 2022 on 4 Projects in Nevada. There are still drill results to report from last year’s program at the Spring Peak and Agate Point Projects that are starting to be received from the lab.
We then move to the 100% owned Projects starting with the Katey Project in Oregon. Announced on February 21st, a 3,500 meter drill program has started with a focus on following up on a gold discovery made last year in the first hole. Hole KT21-01 reported 6.34 grams per tonne gold (“g/t Au”) over 14.54 meters, including 30.73 g/t Au over 1.95 meters.
If you have follow up questions for Caleb regarding the work plans for this year please email Shad and I. Our email addresses are Shad@kereport.com and Fleck@kereport.com.
Click here to visit the Headwater Gold website to read over all the recent news.
Alexandra Woodyer Sherron President and CEO of Empress Royalty Corp (TSXV:EMPR) (OTCQX:EMPYF), joins us for an introduction to this Company with 17 precious metals royalties, and outlines the growth strategies for 2023. We start off discussing the royalty creation strategy with the team having a strong background in the capital markets, and how that has created 3 production stage royalties generating revenues for the company, 1 development stage asset, and 13 exploration stage assets.
We highlight the details of the 3 producing royalty assets, and review the financial strength of the Company, and forward-looking revenue projections. Alex outlines her background along with the strength of the management team and BOD in the capital markets and for sourcing accretive deals, and the outlook for growth both from within the royalty portfolio and possible new royalty acquisitions.
If you have any questions for Alex regarding Empress Royalty, then please email us at Fleck@kereport.com or Shad@kereport.com.
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https://empressroyalty.com/news/2023/
Marc Bishop Lafleche, CEO of Ecora Resources (TSX: ECOR) (LSE:ECOR) (OTCQX:ECRAF), joins us for an introduction to this Company with 18 royalties, in 10 commodities, over 5 continents, and outlines the growth strategies for 2023. We start off the rebranding of the company a little over a year ago from Anglo Pacific to Ecora Resources, with the fundamental shift being towards accumulating production or development-stage royalties on forward-facing commodities like copper, cobalt, nickel, vanadium, uranium that are part of the global energy and electrification transition, over the prior focus on metallurgical coal and iron ore.
We highlight a few of the key royalties of the 9 producing assets, 6 development assets, and 3 earlier stage assets, and the strength of their operating partners, long mine-life projections, and operations that have low carbon intensities. Next we look into the financial strength of the incoming revenues, with the transition from the traditional to the more energy metals focus over the next few year in producing and near-production asset. Marc also outlines his background along with the strength of the management team and BOD for sourcing accretive deals, and the outlook for growth both from within the royalty portfolio and possible new royalty acquisitions.
If you have any questions for Marc regarding Ecora Resources, then please contact us at either Fleck@kereport.com or Shad@kereport.com.
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https://www.ecora-resources.com/investor-relations/regulatory-news/
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https://www.ecora-resources.com/application/files/6416/7699/7544/Ecora_Resources_-Overview-_Feb23.pdf
Matti Talikka, CEO of Aurion Resources (TSX.V:AU – OTCQX:AIRRF), joins us to for an exploration update at the 100% owned Risti Property at the Kaaresselkä and Vanha targets, as well as a new gold discovery made stepping out from the Helmi Project on the Aurion-B2Gold Joint-Venture, along the Central Lapland Greenstone Belt in northern Finland.
We have Matti break down the ongoing scout and step-out drilling at multiple targets across the 100% owned Risiti property, testing for extensions of gold mineralization at the Kaares Area, and new zone of gold mineralization at the Kaaresselkä Prospect, with the full drill hole # KS22027, extending previously announced partial results to 2.41 g/t Au over 56.55 meters. We also discussed the critical minerals like copper, cobalt, platinum, and palladium reported from other scout drill holes near the Vanha area that have been testing regional targets such as base of till anomalies and geophysical features.
The Aurion-B2Gold Joint-Venture exploration team continues to have a very high success rate with drill hits at Helmi Discovery, expanding mineralization to the western part of the Helmi Discovery with an intercept of 1.56 g/t Au over 24.80 m, and also a new discovery zone of mineralization 2 km west from the Helmi Discovery returning 6.25 g/t Au over 6.00 m, and 1.02 g/t Au, 1.84% Cu over 5.60 m. There will be a lot more drilling on and around the Helmi Project expanding the known mineralization and testing other regional targets with a CAN$10.4 million JV budget for 2023.
If you have any follow up questions for Matti on Aurion Resources, then please email us at either Fleck@kereport.com or Shad@kereport.com.
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Click here to visit the Aurion Resources website to read over the recent news releases.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to look further out this year when he thinks a larger recession will hit. We tie this macro view over to why this will benefit the precious metals sector. Carrying over to the charts we have Jordan outline the levels he is watching for GDX. After 12 out of 14 days down the GDX is now oversold and breadth is almost down to zero.
Click here to visit Jordan’s site – The Daily Gold
Sean Brodrick, Editor of Wealth Megatrends, and contributing analyst to Weiss Ratings Daily, joins us to focus on the macroeconomic investment trends in motion and how they affect commodities like copper, oil, natural gas, lithium, gold and silver. We start off reviewing how inflation expectations and recent economic reports have shaped expectation for Fed rate hikes in the year to come. We dive into the bifurcation between the recession and contraction many pundits have been calling for since last year and counter-balance that against the better than expected jobs data, manufacturing data, and retail sales data. With Fed FOMC minutes due out this Wednesday, and the PCE inflation data out this Friday, it should provide more clarity as to the direction moving forward.
Another key area of discussion was around the Chinese economy and society reopening from 3 years of lockdowns, and what that may mean for demand of copper, oil, lithium, iron, steel, and many commodities. We wrap up with having Sean provide investable ideas from the energy sector where he is more bullish on dividend-paying oil companies than he is on the still struggling nat gas companies, and he reiterates the need for battery metals and many sources of energy generation for the future. As for precious metals, he is biding his time waiting for more corrective action to position on pullbacks.
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https://weissratings.com/en/products/wealth-megatrends
Tier One Silver (TSX.V:TSLV – OTCQB:TSLVF) recently announced sample results that have lead to a new target (copper-nickle) on the Hurricane Project in Peru. This target is called Rayanpata and is the 14th target defined on the Project.
Peter Dembiki, President and CEO and Christian Rios, Senior VP of Exploration at Tier One Silver joins me to recap the February 14th news release highlighting the new Rayanpata target. We discuss what attracted the team to this area on the Project, how they will go about ranking the 14 total targets, the copper-nickle aspect and the follow up work to be conducted. We also look ahead to the upcoming April drill program at the Curibaya Project.
If you have any follow up questions for Peter or Christian please email me at Fleck@kereport.com.
Click here to visit the Tier One Silver website to read over all the recent news.
Mike Bandrowski, President and CEO of Big Ridge Gold (TSX.V:BRAU – OTCQB:ALVLF), joins us to unpack the key metrics just released today from the new Mineral Resource Estimate for the Hope Brook gold deposit located in southwestern Newfoundland.
Global Mineral Resource Estimate Highlights:
- 1.2 Million Ounces grading 2.32 g/t Au in Indicated and 231,000 Ounces grading 3.24 g/t Au in Inferred categories.
- Open Pit Mineral Resource Estimate: 1.0 Million Ounces grading 2.14 g/t Au in Indicated category.
- 43% Increase in total Indicated Ounces and 110% Increase in total Inferred Ounces compared to the April 2021 Mineral Resource Estimate.
We’ve discussed how the resource is resilient in the face of lower metals prices, due to the 0.4 g/t cutoff used and $1750 gold price assumptions, but still has the optionality to higher gold prices, and the potential for the copper credits to contribute to the operating capital as more work is done to factor those into future economic studies. We also discussed the potential to keep expanding the 400,000 ounces of gold resources at depth, both under the 240 Zone and the Main Zone for a growing underground mining scenario, beyond the 1 million ounces now in the open-pit resources. In addition, there are 13 exploration targets the exploration team has identified for exploring for additional open pits that could be brought into a future mine plan.
If you have any follow up questions for Mike regarding the Big Ridge Gold, then please email us at Fleck@kereport.com and Shad@kereport.com.
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https://bigridgegold.com/news/2023/
Welcome to another KE Report Weekend Show. The February turnaround for markets continued this week on the back of more positive economic data which has investors shifting rate hike expectations in the near term. We recap the many data points and key levels to watch for markets, currencies and metals.
Please keep in touch with Shad and I by emailing us your thoughts on markets and the companies we featured throughout the week. Out email addresses are Shad@kereport.com and Fleck@kereport.com.
- Segment 1 and 2 – Rick Bensignor, President of Bensignor Investment Strategies kicks off the show by sharing his outlook for markets, bonds, the US Dollar, gold and gold stocks. Rick called the turnaround in markets perfectly and now is looking for a choppier market moving forward with a bias to the downside.
- Click here to learn more about Rick’s retail investment letters.
- Segment 3 – Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website is up next with a recap of US economic data this month and the key central bank meetings to watch for in the coming weeks. We focus currency moves and how that correlates over to investor positioning.
- Click here to visit Marc’s website – Marc to Market.
- Segment 4 – Christopher Aaron, Founder of iGold Advisor wraps up the show with his technical analysis on gold. We revisit the Dow to gold ratio and relationship of the miners to the gold price.
- Click here to visit the iGold advisor website.
Rick BensignorMarc ChandlerChristopher Aaron
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website, joins us to reiterate a few macroeconomic factors and technical resistance levels that have had him expecting the markets to continue rolling over since early February. Joel mentioned that while avoided chasing the markets in late January, and expected a corrective move; however, he is also not ready to put his bear suit on either, as he expects range-bound choppy markets that will frustrate bulls and bears alike.
He was surprised by the short rally in front of the recently announced CPI reading, and the move from value back into more growth names, which really had a big pop in Q4 and following through into January, but it seems that has become more muted now as the dollar and interest rates have begun to raise once again. Joel pointed out the relatively weak reports on Q4 earnings season, and the focus still being on upcoming jobs and inflation data, and looking at analyst reports as shorter-term catalysts.
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Click here to visit Joel’s PreMarket Prep website.
Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) joins us to recap Monday’s news release reporting 19 more drill holes from the Copala structure, all part of the 90,000 meter drill program at the Panuco Project in Mexico. The results were from both step out and infill holes. We focus on the step out holes that have expanding mineralization 100 meters from the Copala resource area.
While the Company continues its 90,000 meter drill program we have Mike share the areas on the Project where new discoveries could be made.
If you have any follow up questions for Mike please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Vizsla Silver website and read over the recent news release we discussed.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss his value investing strategy, and he reviews 2 junior resource stocks with recent news catalysts that he feels represent intriguing risk-reward setups.
We start off discussing the misnomer where most investors assume “the markets are always right;” only to see wild swings in prices and valuations over very short periods of time, to the upside and downside, with no substantive change in the company’s underlying assets. If nothing major has changed with a company, but there are wild fluctuations in pricing and company valuations and extreme changes, merely based on sudden sentiment shifts, then was the market right before or after that move?
We then have Erik outline what he likes about potential development growth and pathway to copper production with Trigon Metal (TSX.V: TM) (OTCQB: PNTZF), and the underappreciated recent gold drill results and potential exploration upside at Firefox Gold (TSXV:FFOX) (OTCQB:FFOXF).*
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and are also site sponsors of The Hedgeless Horseman website.
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Click here to visit Erik’s site – The Hedgeless Horseman
Ryan King, VP of Corporate Development and IR at Calibre Mining (TSX: CXB – OTCQX: CXBMF), joins us to review 2023 exploration strategy which is continuing organically-funded grade-driven growth of the resources in both Nicaragua And Nevada.
Calibre Mining now has the largest Nicaraguan Mineral Reserve estimate, at a record grade of 5.37 g/t gold, which is a 16% increase, over the 2021 average grade of 4.62 g/t gold. There has also been a 278% increase in the Nicaraguan Mineral Reserves to approximately 1,082,000 ounces gold, net of depletion since acquisition in 2019. We discussed the 2 key areas of development and near-term production will be coming from Eastern Borosi and Pavon Central, both continuing to add higher grade throughput through the Libertad Mill. There is also aggressive ongoing exploration focused on prior high-grade drill results from Panteon North, new zones around the Libertad Mill, Veta Azul, Volcan, and also new targets at Buena Vista and La Fortuna.
We wrap up by transitioning over to the Nevada assets, and all the ongoing exploration work the company has underway around both the Pan Mine area and at the development-stage Gold Rock Project. The exploration team is encouraged by recent drill results stepping out from the known mineralization and finding higher grade gold intercepts at the Coyote target, as well as stepping out from the Pan Mine area. There are also some targets on drilling some deeper ‘Carlin Style’, sulfide mineralization at Gold Rock Deep.
If you have any follow up questions for Ryan on Calibre Mining, then please email us at Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Calibre Mining.
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https://www.calibremining.com/news/
I am very happy to bring on the show William Middelkoop, Founder and Principal of the Commodity Discovery Fund and Author of The Big Reset. Since this is William’s first time on the show we start with a quick background on how and why he formed the Commodity Discovery Fund. This ties into a discussion on commodities broadly and the individual commodities his fund is focusing a bit more on currently. Critical minerals have garnered a lot of attention and the Commodity Discovery Fund is riding the wave as well.
We also discuss how precious metals fit into the funds portfolio and the due diligence process William and his team undertake before investing in a company.
Click here to learn more about the Commodity Discovery Fund.
Brien Lundin, Editor of The Gold Newsletter and our host at the New Orleans Investment Conference joins us to discuss the broad pullback in gold along with the broad market averages. He ties it all back to rate hike expectations that swung too much to the thought of a pause sooner rather than later. We also look to the gold stocks general under-performance and a silver stock that Brien likes.
Click here to visit the Gold Newsletter website.
Mike Larson, Editor-in-Chief at The Money Show joins me to recap the recent economic data out of the US that has shifted form being negative to much more mixed. This is causing Mike to shift his investing strategy away from strictly defensive to a blend of safe investments balanced with some major bargain hunting. He points out some tech stocks that have sold off so much that they are now attractive buying opportunities. We also discuss the pullback in gold and consistent under-performance of the gold stocks.
Click here to visit the Money Show website
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), reviews the expanded optionality and potential for enhanced growth initiatives from the recently amended and restated terms of its senior debt facility held with Africa Finance Corporation. The removal of many restrictive debt covenants, now releases the Company from restrictions regarding acquisitions, distribution of dividends and certain indebtedness covenants, as well as allowing more capital to be put towards aggressive exploration and expansion at both the Segilola and Douta projects.
We discussed the organic growth potential with the on-going exploration around Segilola mine in Nigeria, at depth under the current pit shell, and along strike at a number of nearby targets in search of nearby satellite pits. In addition, there is also the inorganic growth that could come from acquiring nearby projects, or partnering on other development projects in Nigeria and abroad in West Africa.
We also outlined the new 40,000 meter drill program at the Douta development Project in Senegal, on the back of the recently completed 26,000 meters drill program from 2022. The Company is continuing to expand the resources at the Makosa ore body, which now has grown to a 7km strike length, and also incorporates the Makosa Tail area. The exploration strategy is to keep doing step-out drilling and infill drilling at the Makosa deposit, as well as expansion drilling around 3 key new mineralized satellite discoveries at the Mansa, Maka, and Sambara targets. There are still drill assays pending for the 3 satellite deposits that will be reporting early this year, and the 2022 drill results will then be put into an expanded resource estimate update in the first half of 2023. The next milestone after that will be to wrap some economics around the Douta project in a Preliminary Economic Assessment for the market to evaluate by year’s end.
If you have any questions for Segun regarding the ongoing work at Thor Explorations, then please email us at either fleck@kereport.com or shad@kereport.com.
*In full disclosure, Shad is a shareholder of Thor Explorations.
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Click here to read over the recent news out of the Company.
Steve Penny, Publisher of The SilverChartist Report, joins us to share a handful of key charts on the US Dollar, Gold, Silver, and weekly and daily charts for (URNM) the Sprott Uranium Miners ETF. [all charts are posted below so you can follow along]
We intermix some macro fundamentals and trading strategies into the discussion, and Steve also breaks down how he has weighted the breakdown of different-staged mining stocks inside of his portfolio. In addition, we also review how he plans on adjusting his holdings in physical metals over different parts of the cycle and the importance of position sizing.
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Click here to visit the SilverChartist website
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Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to discuss the current correction for gold, silver and the mining stocks. While a correction was due Jordan outlines why he is not viewing this as overall bullish, compared to past bull market corrections. He is not thinking gold will go back and test the lows but his bullish/breakout timeline is being pushed back.
Click here to visit Jordan’s site – The Daily Gold.
Announced this Monday, February 13th, a Private Company, San Cristobal Mining has acquired the San Cristobal Mine in Bolivia from Sumitomo Corporation. Since details on the acquisition and mine operations are limited I have Quinton walk us through every detail he can share more information on.
We start with a background on the asset and current operational data. We also discuss the deal terms to the extent that Quinton can share. We then discuss what work needs to be done by the new Company including growth areas in both operations and exploration. A build out of the team is highlighted along with how this private Company managed to get the deal done over potential other buyers.
If you have any follow up questions for Quinton regarding this deal and the asset please email me at Fleck@kereport.com.
Click here to read over the news release reporting the closing of the acquisition.
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review the trend of more recent “mega-mergers” with the majors, also spawning even more mergers and acquisitions within the mid-tiers and junior stocks. Last Monday we saw the announcement of Newmont Mining (NEM) putting in a bid to acquire Newcrest Mining (NCM.AX), on the heels of the recently closed Agnico Eagle (AEM) and Panamerican Silver (PAAS) acquisition of Yamana (AUY). Then this Monday we saw more M&A news with B2Gold (BTO) (BTG) announcing it had placed a bid to acquire Sabina Gold (SBB) (SGSVF), and Victoria Gold (VGCX) (VITFF) announcing a bid to acquire ATAC Resources (ATC) (ATADF).
Dave provides some insights on what this may mean for garnering more generalist investor interest, and what other kinds of M&A deals we may see in the sector next. We also discuss how these transactions can be both positive and negative sentiment drivers in the space. Sure, takeovers provide a clear exit strategy for investors, freeing up capital to rotate into other PM stocks, but also create negative sentiment in the space for many longer-term buy and hold investors that sat in these junior companies for years sometimes, only to barely break even break, make muted gains, or worse lose money. In general though, mergers and acquisitions activate the animal spirits of investors as they speculate on which companies will be next?
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Click here to visit the Junior Mining Junky website to follow along with Dave’s market comments.
Ed Moya, Senior Market Analyst to OANDA joins us to recap the January CPI data, that came in at as expected at a gain of 0.5% m/o/m headline and 0.4% m/o/m core. This corresponds to year over year increases of 6.4% headline and 5.6% core.
After recapping the data we take a step back to discuss how this impacts Fed policy and market expectations. Markets have been volatile today with not much change overall. This could be a sign that we are in for range-bound trading. We also look at the crypto markets and Bitcoin which is up today even with all the regulation talk in the news.
Click here to visit the OANDA website to follow along with Ed’s daily note.
Over the past few weeks the TinOne Resources (TSX.V:TORC – OTCQB:TORCF) share price stated moving higher, from around 7cents now up to around 14cents. A number of your emailed me asking for an update so I reached out to the Executive Chairman Chris Donaldson.
Chris joined me to recap the news this year that includes drill results from the Great Pyramid Tin Project and sample results from the Aberfoyle Project. Both Projects are in Tasmania. The drilling at Great Pyramid were to test extensions of the known historical resource. While the sample results at Aberfoyle showed lithium in mica (greisen) altered granite.
I have Chris outline the significance of the results from both Projects and what comes next in terms of news.
If you have any follow up questions for Chris please email me at Fleck@kereport.com.
Click here to visit the TinOne Resources website to read over the three news releases from 2023.
Rick Van Nieuwenhuyse, President and CEO of Contango Ore (NYSE:CTGO) joins us to discuss the 2023 strategy at the development stage Mahn Choh Project and exploration focused Lucky Shot Project. At Mahn Choh Contango Ore holds a 30% non-operating partner interest (Kinross holds the other 70%) and is the 100% owner of Lucky Shot. Both Projects are in Alaska.
Key developments this year for the Mahn Choh Project include a financing for the Company’s 30% interest of the construction build (approximately $30 million attributed to Contango Ore), announcing a contract mining and receiving a the mine operating and closer permit. When it comes to Luck Shot the Company should be announcing the overall exploration plan for the year in the near term.
If you have any follow up questions for Rick please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to visit the Contango Ore website to learn more about the two Projects.
At the end of last year Allied Copper (TSX.V:CPR – OTCQB:CPRRF) closed the acquisition of Volt Lithium (Private Company). This has shifted the direction of the Company towards Lithium and being a potential near term producer.
Alex Wylie, President of Allied Copper joins me to recap the ongoing work for the lithium division focused on the initial lithium recoveries from the Company’s proprietary DLE technology. The 93% recoveries were announced on January 24th. We also discuss the big picture plans for the DLE technology which include moving to a pilot phase of testing and where the technology is compared to other lithium companies.
If you have any follow up questions for Alex please email me at Fleck@kereport.com.
Click here to visit the Allied Copper website to learn more about the advancements in the lithium division.
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website, joins us to share the technical levels and key moving averages he’ll be watching to see where support comes in and holds for US equities, the US dollar, gold, and the cryptos. TG points out that in many stocks in the general equity markets or the S&P 500 index that recent bounce off the 21 day moving average has been encouraging, but he is watching to see if the 50 day moving average is tested next and will hold as a key line in the sand. The greenback has been in an overall downtrend and may just be putting in an oversold bounce, while inversely gold and the precious metals sector have put in solid new uptrends and may just be putting in an overbought pullback. Cryptos surging recently also has TG of the belief that there may be more legs to the rally in most markets, with more of a risk-on posturing from investors.
We also discussed some of the recent market moves on the back of a string of financial reports, and what would constitute a “soft landing” in the economy. It really comes down to if we’ve seen the recession already play though last year, or if there is another contraction period for more of a “double-dip recession.” Regardless of how it plays out, TG sees a lot of individual stocks and smaller sectors of the markets having already had their bear markets, and that we may see a basing and then lift in many equities regardless of the trends in the larger indexes or large-cap leadership.
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Click here to visit the Profit Pilot website to follow along with what TG is seeing in the markets.
Fredrick Bell, CEO of Elemental Altus Royalties (TSX.V:ELE – OTCQX:ELEMF) joins us to recap a very important 2022 for the Company and the growth strategies for 2023.
2022 started out with a hostile takeover bid from Gold Royalty Corp which was fought off by the Company, then followed by an announcement in June of an at-market merger with Altus Strategies. Fred explains how this merger immediately increased the value of the Company and the overall royalty portfolio. We also highlight the recent transaction to acquire a portfolio of 19 uncapped royalties from First Mining Gold Corp (TSX: FF) (OTCQX: FFMGF).
For 2023 we have Fred share his outlook for growth both from within the royalty portfolio and possible new royalty acquisitions. With the strong financial position of the Company it sounds like there could be more deals coming this year.
If you have any follow up questions for Fred regarding Elemental Altus Royalties or the royalty sector please email us at Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Elemental Altus Royalties
Click here to visit the Elemental Altus Royalties website to learn more about the Company and royalty portfolio.
Welcome to another KE Report Weekend Show! On this Weekend’s Show we are joined by Doc and Peter Boockvar. Doc sticks to the charts while Peter recaps a multitude of economic data, all with the focus on how it impacts markets.
As always you can keep in otuhc with Shad and I though email. Our email addresses are Fleck@kereport.com an Shad@kereport.com.
- Segment 1 and 2 – Richard Postma, AKA Doc kicks of the show with his outlook for gold, silver, gold stocks and the US markets.
- Segment 3 and 4 – Peter Boockvar, CIO at Bleakley Financial Group and Editor of The Boock Report wraps up the show to discuss the different market environment that is here to stay. Higher rates, tighter financial policies and new market leadership all play into the longer term outlook.
- Click here to follow along with Peter at The Boock Report website.
Exclusive Company Interviews This Week
- Skeena Resources – Video Update – 2022 Exploration Review and 2023 Outlook
- Vizsla Silver – Updated Resource Estimate Shows Major Growth and a $39Million Bought Deal Financing
- Regency Silver – Drilling Started At Dios Padre To Follow Up On The 4.7g/t Gold Over 53.8 Meters Discovery Hole
- Triple Flag Precious Metals – 229 Royalties And Streams With 29 Paying Assets Post Maverix Metals Acquisition
- SilverCrest Metals – Q4 2022 Operational Results, Upcoming Technical Report and More Information On Holding Gold And Silver
- AbraSilver – Continued High-Grade Silver Drill Intercepts At The New JAC Target Building Towards A Maiden Resource
- Talisker Resources – Maiden Resource Estimate at Bralorne and The Potential Of Near Term Toll Mining
- Metalla Royalty & Streaming – 3 Asset Updates; Côté / Gosselin, Centrogold / Gurupi, Fifteen Mile Stream
- Minera Alamos – Comprehensive Operations And Exploration Update At Santana And Cerro De Oro
Doc Peter Boockvar
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to share why he thinks markets will continue to roll over and we probably have already seen the highs for the year. He points to the weak earnings season, upcoming inflation data and longer term charts that show the recent rally not breaking the overall downtrend.
Click here to visit Joel’s PreMarket Prep website.
Brian Leni, Founder and Editor of The Junior Stock Review joins us to share information on a couple new stocks Brien has recently recommended to his subscribers. After almost a full year of not recommending any new stocks and with current market conditions improving Brien likes the value proposition of Mawson Gold and Signal Gold.
Brian also is starting to add coverage on the oil and gas sector. While it is early on in his coverage we discuss what is attracting him to this sector.
Click here to visit Brian’s website – The Junior Stock Review.
Craig Hemke, Founder and Editor of TF Metals Report, joins us to review the recent corrective move in the precious metals sector, and what macroeconomic factors could create a scenario that is constructive for more sustained moves higher starting the second half of this year. We reflect on the recent Fed meeting, and stronger-than-expected jobs and manufacturing numbers, but note how those trends could change once the Fed pauses it’s tightening, and the effects of the higher interest rates further contract the economy.
We ask Craig what it will finally take to for more generalist to wake up to the central bank perpetual cycle of hiking only to cut again, and what catalysts may take the PMs on a longer term trajectory higher. This takes the discussion into the Fed pausing, trends in unemployement, the direction of inflation, and interest rates.
Craig points out that regardless of how it plays out, it will be key for investors to ignore some of the short-term micro noise, and instead focus on the longer-term macroeconomic data and trends. He still feels the odds are the first half of the year will remain choppy, but that the latter half of the year may be similar to 2010 or 2019 where the Fed is eventually forced to start cutting again due to weakened economic conditions. His advice is to hold through any volatility in the near-term, expecting a more positive advance in gold, silver, and the PM mining stocks in the second half of the year.
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Click here to visit Craig’s site – TF Metals Report
Doug Ramshaw, President of Minera Alamos (TSX.V:MAI – OTCQX:MAIFF), joins us for a comprehensive operations and exploration update at the Santana Mine, and the exploration and development strategy this year at the Cerro De Oro gold project in Zacatecas, Mexico.
We start off by recapping the operational success in 2022, with the recent announcement on January 31st that the Company met its initial thresholds for commercial production at Santana during 2022 including criteria related to gold recoveries from the heap leach pad as well as monthly mining rates in the second half of 2022. We did also address the negative market reaction to the weaker Q4 production numbers over the Q3 numbers, but Doug unpacked that this had been telegraphed prior to that, and the reasons behind slowing things down in the last quarter of the year. We also discussed the drought conditions and water concerns, but that it seemed to be lost on the market that the company would not be moving forward with tripling the leach pads in an expansion at Santana this year, if management was concerned about a longer term water issue.
Next we got into the exploration strategy for 2023, both at Santa and Cerro De Oro, with a mix of true discovery drilling, resource expansion drilling, and infill drilling. With 10,000 meters of drilling slated at Santana, and 4,000 – 5,000 meters of still planned at Cerro de Oro, and reasonable turn around times at the assay labs, there will be a lot of exploration newsflow on tap for this year.
The company is still advancing permitting, engineering, metallurgical work, geological, and other geotechnical work to continue to de-risk the Cerro de Oro Gold Project as it moves down the pathway into production as the Company’s second operating gold mine next year. The big initiative for this year, will be to negotiate the funding package for Cerro de Oro, while waiting for the permits to come back, so the team can work to rapidly advance construction of this projected 60,000 ounce producing mine once the permits are in hand.
Please email us with any follow up questions for Doug regarding Minera Alamos. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Minera Alamos
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Click here to visit the Minera Alamos website and read over the recent news.
Earlier this week, on February 6th, Metalla Royalty & Streaming (TSX.V:MTA – NYSE:MTA) send the initial Asset Update email of what will be an ongoing process of updating investors on any non-material developments on the Company’s royalties.
Brett Heath, President and CEO of Metalla Royalty & Streaming joins us to recap the 3 assets updates included in the initial Asset Update email. The assets updated are from the Côté / Gosselin, Centrogold / Gurupi and Fifteen Mile Stream royalties.
If you have any follow up questions for Brett regarding any of these asset updates or any other assets in the royalty portfolio please email us at Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Metalla Royalty & Streaming
Click here to visit the Metalla Royalty & Streaming website to sign up for the email asset updates.
Terry Harbort, President and CEO of Talisker Resources (TSX.:TSK – OTCQX:TSKFF) joins us to recap the inaugural Mineral Resource Estimate at the Bralorne Property in BC. Released on January 24th the Resource Estimate totals 1.66 million ounces of gold (1.63 million ounces in the inferred category at 6.3g/t gold and 33,000 ounce in the indicated category at 8.9g/t gold).
We have Terry outline the future direction of the Project which will be toward toll mining. We discuss the work needed to upgrade the resource to the indicated category, an economic study and the costs associated with it all.
If you have any follow up questions for Terry please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Talisker Resources website to read over the Resource Estimate news release.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss his technical outlook on the gold, silver, and precious metals mining stocks, and reviews the rationale and challenges with some technical theses that we see regarding silver being in a bull flag or GDX being in an inverse head and shoulders pattern. Jordan breaks down some of the key technical nuances of using technical analysis in concert with intermarket analysis and fundamental macroeconomic trends, to determine both the bearish and bullish scenarios.
We wrap up with getting Jordan’s view of the gold versus S&P ratio chart on different timeframes, and that a breakout here would be the key determinant factor for a real bull market in gold, silver, and the precious metals mining stocks.
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Click here to visit Jordan’s site, The Daily Gold.
Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us to review investing themes for the commodity super-cycle in uranium, lithium, copper, and gold.
We kick things off with the sentiment reading and key takeaways from the Vancouver Resource Investor Conference, and which commodities and related resource stocks are trending higher, which ones are improving but not well bid yet, and which metals or energy sector components are still correcting downwards. This is a wide-ranging discussion that gets into macroeconomic forces behind some of the moves in certain sectors, if we are going to see a soft landing in the economy, reviews the recent relief rally in general US equities, yield curve inversions with different duration bonds and interest rates, oil and nat gas and overall energy sector, critical minerals, battery metals, and much more.
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https://digestpublishing.com/publications/
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), joins us to outline continued high-grade silver drill hits over wide intercepts from the JAC Target at the Diablillos Project in Argentina. While the company did release a Resource Estimate for the Oculto Deposit on November 3rd of last year, the success from initial drill results at the JAC Target, has the company putting all focus from the Phase 3, 15,000 meter drill program on further defining this mineralized area.
- Hole DDH 22-067 at the JAC target, encoutered 871 g/t AgEq over 27m in sulphide mineralization. That interval is located immediately beneath a further high-grade oxide intercept grading 522 g/t AgEq over 36m.
- Hole DDH 22-076 encountered two high-grade silver and gold zones at the JAC target:
- 22m at 477 g/t Ag and 0.20 g/t Au in oxides from 147.0m downhole; and
- 8.5m at 1,953 g/t Ag, 6.66 g/t Au and 0.43% Cu in an oxide-sulphide transition zone from 169.0m downhole. This interval includes the record-grade silver intercept of 1m at 12,581 g/t Ag and 44.5 g/t Au.
- Hole DDH 22-082 Returned 347 g/t AgEq over 26.5 m, including 1,055 g/t AgEq over 7.0 m
The plan once this third phase of drilling is complete, and as all the assays are reported, is to then put out a maiden resource on this JAC target area, as it is looking constructive for being a second deposit area that would make economics more attractive on the front end of any economics for development due to the higher grades and continuity from has been reported thus far.
If you have any follow up questions for John regarding at AbraSilver, then please email us at Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver
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Click here to visit the AbraSilver website and read over the most recent news releases.
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Welcome to another KE Report Weekend Show!
It was expected that this week would be a volatile one. With tech earnings, the Fed and a couple other major central bank meetings, US jobs data and the ISM data there is a lot to cover.
We start out with the macro picture then move into trading strategies for markets, metals and energy.
- Segment 1 – Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show kicks off the show by recapping the major market drivers this week; Fed meeting, US jobs data and big tech earnings.
- Click here to visit Joel’s site – PreMarket Prep.
- Segment 2 – Dana Lyons, Fund Manager and Editor of The Lyons Share website dives into the markets to share his trading strategies for tech stocks, value stocks, gold miners and what sectors he thinks are the strongest.
- Click here to visit the Lyons Share website to follow along with Dana’s trading.
- Segment 3 and 4 – Dan Steffens, President of The Energy Prospectus Group wraps up the show with a focus on the oil and gas sector. We start with long term demand projections for a range of energy sources then move to the natural gas sector, where prices have crashed. We discuss how much the lower natural gas price is impacting the stocks.
- Click here to learn more about The Energy Prospectus Group.
Exclusive Company Interviews This Week
- Enduro Metals – High Grade Drill Results From Burgundy Ridge Extending Mineralization With Many Holes Still To Come
- Metallic Minerals – Gold Royalty Agreement At Australia Creek Property In the Klondike With Parker Schnabels Little Flake Mining Of Discovery Channels TV Series Gold Rush
- Ridgeline Minerals – High-grade CRD Mineralization Drill Results From the Chinchilla Zone, And Assays Pending From The Juniper and Broken Egg Targets
- Tier One Silver – 2 New Porphyry Targets On The Curibaya Project With A Drill Program Starting In Q2
- Scottie Resources – Recapping A Number Of High Grade Intercepts From The Blueberry Contact Zone In The Golden Triangle
- Palamina Corp – High-Grade Sample Results From Usicayos and The Pathway To Drilling This Year
Joel ElconinDana LyonsDan Steffens
Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review the volatility this week in gold, silver, and the precious metals stocks. The whipsaw markets came on the back of a flurry of economic data from the Fed meeting and press conference mid-week, and the stronger-than-expected jobs number and ISM manufacturing data that hit on Friday.
While the end of the week saw a quick reversal of the bullish trend from earlier in the week, he pointed out that a corrective move should not be a surprise here as both silver and the mining stocks have been signally for a few weeks that the move in the PMs was in need of some consolidation. Dave also points out that the January monthly close near $1950 in gold was very constructive for the longer-term bull market, and that gold was very overbought and in need of a digestive period, after a few months of upwards price action, adding around $350 off it’s lows earlier this week.
Next we shifted over to the performance of the mining stocks, and with both GDX and GDXJ up over 50% off their September lows, and many individual mining stock up 100% – 200%, we asked if he felt this was a good time to sell into the recent strength, or in front of any further corrective action. Dave reviewd that he got positioned at the end of last year at good entry points and a cost basis in many stocks, and that is far too early to start selling at this point in the 7 year bull cycle. He advocated having patience not to over-trade, and that he is positioned in companies in his portfolio for 3x or 300% gains at a minimum, before he will start taking profits in part of the positions.
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Click here to visit the Junior Mining Junky website to follow along with Dave’s market comments.
Jesse Felder, Founder and Editor of The Felder Report joins us to recap the continued uptrend in a wide range of markets. Investor optimism is back but that doesn’t mean it’s smooth sailing for the markets. Jesse makes a couple key comparisons to early 2008 and 2001. We discuss economic data, if there are any sectors that could have a contagion effect on the broad markets and where Jesse sees the most opportunity.
Click here to visit The Felder Report website.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss his value investing strategy in junior resource stocks, and he reviews 3 exploration stocks that have put out recent news, that he feels represent intriguing risk-reward setups. We start off discussing how many investors get caught up in the daily noise, or chasing short-term pricing trends in the metals and then erroneously extrapolating them onto their longer-term value investing positions.
We then have Erik outline what he likes about the exploration upside and potential development growth as the respective projects get further derisked at Nevada King Gold (TSX.V: NKG) (OTCQX: NKGFF), Dolly Varden Silver (TSX.V: DV) (OTCQX: DOLLF), and Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF).
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and are also site sponsors of The Hedgeless Horseman website. Dolly Varden Silver and Eloro Resources are also sponsors of the KE Report, and Shad has a position in Dolly Varden Silver.
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Click here to visit Erik’s site – The Hedgeless Horseman
Craig Hemke, Founder and Editor of TF Metals Report, joins us to reflect on the recent Fed meeting and press conference, and how that relates to the precious metals sector and general equities. One of the questions posed is if the coming conclusion in central banks monetary tightening cycle, where they wait to see what effects it will have, will end up being the pause before the storm and further weakening economic picture, or if it will be the pause before the party of risk-on speculative buying frenzy in the markets?
Craig points out that regardless of how it plays out, it will be key for investors to ignore some of the short-term micro noise, and instead focus on the longer term macroeconomic data and trends. He still feels the odds are the first half of the year will remain choppy, but that the latter half of the year may be similar to 2010 or 2019 where the Fed is eventually forced to start cutting again due to weakened economic conditions. His advice is to hold through any volatility in the near-term, expecting a more positive advance in gold, silver, and the PM mining stocks in the second half of the year.
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Click here to visit Craig’s site – TF Metals Report
Brien Lundin, Editor of The Gold Newsletter, joins us to share his key takeaways from the resource stock conferences in Vancouver last week, and outlines two potential paths forward when the Fed pauses it’s rate hikes and monetary tightening cycle. The discussion covers a lot of ground getting into current investor sentiment and remaining concerns, company newsflow seasonality, the capital raising window being back open, the underperformance of silver relative to gold so far this year, and why he is encouraged medium-term to continue scaling into junior mining stock positions.
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Click here to visit the website for The Gold Newsletter.
Jeff Christian, Managing Partner at the CPM Group joins us to share his insights on seasonality for precious metals, where January typically is a good month, yesterday’s Fed statement and comparing the weak economy to 10 years ago.
All these topics tie together when it comes to market moves. Central banks and governments need to balance out this higher interest rate environment with larger debt levels. We ask Jeff which aspects will turn out to be the key catalysts for metals.
Click here to visit the CPM Group website.
Andrew Thomson, President and CEO of Palamina Corp (TSX.V:PA – OTCQB:PLMNF) joins me to recap the January 30th news release reporting sample results (both from surface and underground) at the Usicayos Project in Peru. This was a second sampling program undertaken by the Company and has now isolated 9 gold zones.
I have Andrew recap the sample results with a focus on two main zones. This is all leading towards a drill program projected for May of this year. We also discuss the political environment in Peru and an update on the Winshear Gold arbitration case in Tanzanian.
If you have any follow up questions for Andrew please email me at Fleck@kereport.com.
Click here to visit the Palamina Corp website to read over the recent news.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to outline that the key determinant factor for a real bull market in the gold, silver, and the precious metals mining stocks will be when gold decidedly breaks above the S&P 500 on the ratio chart. We go on to discuss how there are plenty of historical periods one can point to as evidence that the gold and silver mining stocks outperformed and diverged from the US general equities in prior bear market periods. He points out that really what we are seeing presently in the markets is more akin to what we saw play out in the 1960’s, more so than the analogies to the 1970s many pundits have put forward.
We wrap up by having Jordan address the pushback we’ve heard to this thesis, mainly that the precious metals sector can break to a new bull market without the general equities correcting or without the divergence, or that in a bear market the PM equities would just tank along with other markets in a sell everything event. Jordan outlines why historically and with the data we have, neither of those counter positions really are evidenced.
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Click here to visit Jordan’s site, The Daily Gold.
Brad Rourke, President and CEO of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF) joins us to recap three news releases from January reporting drill results from the Blueberry Contact Zone at the Scottie Gold Mine Property, in the Golden Triangle of BC. Every news release reported high grade gold intercepts. The headline numbers being 34.5g/t gold over 4.7m, 8.21g/t gold over 19m, 194g/t gold over 2.40m.
We have Brad summarize the 2022 drill program and focus on the consistent nature of the high grade mineralization. Refer to Figure 1 of the recent news release, that is also posted below. We also discuss the size of mineralization and how it could fit into a much bigger area play with some larger companies beside the Scottie Resources land package.
If you have any follow up questions for Brad please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Scottie Resources website and read over all the news from January.
Figure 1: Segmented vertical long section of the Blueberry Contact Zone and plan view illustrating the distribution of the drill holes along the section. Highlighting the distribution and status of drilled targets from the 2022 season and the reported results thus far, the grade contour model was created from pre-2022 drilling of the structure and will be updated once all the 2022 drill holes have been released.
Sean Brodrick, Natural Resource Analysts at Weiss Ratings and Editor a few resource investment letters joins us to share his mega trend outlook for commodities and why this week he lightened up on some of his major miner stocks.
In the short term Sean is anticipating the volatility that always comes after a Fed meeting, let alone the number of other major central banks meeting this week. He also explains why he has more of a focus on larger resource companies. This ties into a discussion on development companies and juniors.
On a big picture scale we have Sean breakdown where he ranks a wide range of commodities.
Click here to learn more about Sean’s work at Weiss Ratings.
Yesterday Tier One Silver (TSX.V:TSLV – OTCQB:TSLVF) released news on the Curibaya Project with 2 new copper porphyry targets identified. See Figure 3 from the news release posted below to see the location and size of the targets.
Peter Dembicki, President and CEO, and Christian Rios, Senior VP of Exploration at Tier One Silver join me for a discussion on these targets and the upcoming drill program. These new porphyry targets add to the silver exploration at the Project. I have Christian outline the potential of these targets, when compared to other projects in the area, as well as how the team will drill test them. Peter shares the plans for the drill program, planned to start in Q2.
If you have an follow up questions for the team at Tier One Silver please email me at Fleck@kereport.com.
Click here to visit the Tier One Silver website to read over the news release we discussed.
Figure 3: An inversion of the CSAMT data outlines two main conductive features. Tier One Silver plans to test these porphyry copper targets in its next drill program. The CSAMT survey tested to a depth of 500 m.
Chad Peters, President and CEO of Ridgeline Minerals (TSX.V:RDG – OTCQB:RDGMF) joins us to unpack the recent exploration news release from January 24th, where the first two diamond core drill holes of the 2022 drill program at the Chinchilla Zone CRD Target, at larger Selena project in Nevada, intersected silver (“Ag”) – gold (“Au”) – lead (“Pb”) – zinc (“Zn”) carbonate replacement style mineralization. Highlight intercepts at the Chinchilla Zone include high-grade zones of 6.1 meters grading 480 grams per tonne (“g/t”) Ag, 12.0% Pb, and 6.4% Zn, 0.1 g/t Au in SE22-045 and 0.5m grading 1,793 g/t Ag and 2.2% W in SE22-039. The Chinchilla Zone target will be a continued area of focus for future drilling.
Next we shifted over to the pending drill results still to be released both from the Juniper target, which is also thought to be a CRD zone, and then the 4 holes still to release from the more early-stage gold oxide Broken Egg targets.
We wrap up by reviewing the exploration program at the Company’s Swift Project, where their JV partner, Nevada Gold Mines (NGM), a joint venture between Barrick and Newmont, highlighted the recent 3 holes drilled here on their slide deck when discussing their recent exploration along the Cortez trend. NGM has a $20 million earn-in option for 60% interest from Ridgeline Minerals on Swift, and we await more news to be released from this program.
If you have any follow up questions for Chad regarding Ridgeline Minerals, then please email us at either Fleck@kereport.com or Shad@kereport.com.
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Click here to visit the Ridgeline website and read over the recent news.
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Greg Johnson, CEO of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), and Chairman of the Metallic Group of Companies, also including Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF) and Granite Creek Copper (TSX.V:GCX – OTCQB:GCXXF), joins us to recap the news on Metallic Minerals that was just released to the market on January 24th. The Company announced signing a production royalty agreement on 5 ½ miles of alluvial gold claims at its Australia Creek property in the Klondike Gold District of Canada’s Yukon Territory, with Little Flake mining, a company owned and operated by Parker Schnabel of Discovery Channel‘s top-rated television series, “Gold Rush“.
Greg unpacks what this first royalty deal in their Klondike Alluvial claims with Little Flake mining, could mean as far as income revenues to the company to help fund more exploration and operations. With 4 more claims and projects already permitted in the area, and a goal of upwards of 7 different potential projects, each with a targeted 10%-15% royalty, and other private operating companies to do the actual gold mining, then this could grow into a basket of royalties and become significant revenue center. We also discuss the potential optionality for Metallic Minerals shareholders as eventually, the Company executes on bringing on a basket of alluvial projects and royalties, then it could even be monetized to another royalty company or even spun out into a new alluvial-focused royalty company.
We also review some key news from 2022 and the overall 2023 work strategy building towards a maiden resource at the Keno Silver Project in the Yukon, as well as the exploration and resource expansion at the copper and precious metals La Plata Project in Colorado.
We wrap up by having Greg also highlight the recent Preliminary Economic Assessment (PEA) just announced last week from Granite Creek Copper at their Carmacks project in the Yukon, and also the recently announced expanded and material increase to the size of the Stillwater West updated Resource Estimate at Stillwater Critical Minerals.
If you have any follow up questions for Greg on Metallic Minerals, or any of the Metallic Group of Companies, then please email us at either Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Metallic Minerals and Stillwater Critical Minerals
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Click here for a summary of the recent news out of Metallic Minerals.
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On January 16th Enduro Metals (TSX.V:ENDR – OTCQB:ENDMF) reported 5 drill holes from the Burgundy Ridge Discovery on the Newmont Lake Property in the Golden Triangle in BC. See Figure 3 from the news release posted below to better understand where these holes were drilled.
Cole Evans, CEO and William Slack, President of Enduro Metals join me to recap the overall 2022 exploration program, discuss these results, and look ahead to the remaining 15 holes still to be released. We discuss the size of mineralization at Burgundy Ridge and where some of the highest grade results have come from. We also touch on the McLymont Fault area where 5 holes are still to be reported.
If you have any follow up questions for Cole or William please email me at Fleck@kereport.com.
Click here to read over the full news release.
Figure 3: Plan view map of Burgundy Ridge summarizing drilling to-date, quoted significant assay results, and status of pending drill holes.
With all the resource investment conferences this week in Vancouver we decided to feature two different Fund Manager focused on the resource space.
If you are in Vancouver this weekend please email Shad and I so we can meet up. Our email addresses are Shad@kereport.com and Fleck@kereport.com.
- Segment 1 and 2 – Matt Geiger, Managing Partner at MJG Capital kicks off the show by sharing his thoughts on gold, silver, base metals, critical metals and the stocks he thinks are doing good work. We also discuss the trend of Japanese mining companies entering the North American market as well as a new interest in CRD deposits.
- Click here to learn more about MJG Capital.
- Segment 3 and 4 – Tavi Costa, Portfolio Manager at Crescat Capital wraps up the show with a focus on the junior sector of resource stocks. We discuss the deals Crescat likes and the trends he is seeing in the market.
- Click here to learn more about Crescat’s funds.
Exclusive Company Interviews This Week
- Aurion Resources – Scout Drill Hole Results From Risti Property And Update On Exploration At Helmi
- American Copper Development – Lordsburg Project Update, Including IP Results and The Upcoming Drill Program
- Reyna Gold – Exploration Samples At La Republicana, Las Carmelitas, and Western Targets report High-Grades of Precious, Base and Critical Metals
- Fury Gold Mines – Recapping The 17,000 Meter 2022 Drill Program With The Goal Of A 2Million Oz Gold Resource At Eau Claire
- Lion One Metals – A US$37Milllion Financing Facility Secured, What Does This Mean For The Mine Build?
- Newcore Gold – A Look Ahead To The Updated Resource, Planned For This Month, At The Enchi Gold Project
- Exploits Discovery – A Year Of Drilling In Newfoundland, Recapping The Key Areas and Targets
- NG Energy – An Operational Review Of 2022 And Growth Strategy For More Nat Gas Production In 2023
- Big Ridge Gold – Recapping 2022 Phase 1 Drill Program, Looking Forward To The Upcoming Resource Update In Q1
- Calibre Mining – Organic Grade Driven Production Growth Results From 2022 Operations And Further Exploration Upside In Nicaragua, Nevada, and Washington
- Kodiak Copper – Drill Results From The Gate and Prime Zones On The MPD Project in BC
- Capella Minerals – 4 Projects To Be Drilled This Year Starting With Kjøli Copper-Cobalt Project, Norway
- Stillwater Critical Minerals – Unpacking The Key Takeaways From The Stillwater West Resource Update
Matt GeigerTavi Costa
Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins us to unpack the key takeaways from the recently announced Resource Estimate update at their flagship Stillwater West Project in Montana. As announced on January 25, 2023, this updated Resource Estimate show a 62% increase over the 2021 Maiden Resource Estimate to 1.6 Blbs Battery Metals and 3.8 Moz PGE+Gold. Base Case Inferred mineral resources of1.6 billion pounds of nickel, copper and cobalt and 3.8 million ounces palladium, platinum, rhodium, and gold,in a constrained model totaling 255 million tonnes at an average grade of 0.39% total estimated recovered NiEq (or 1.19 g/t Palladium Equivalent).
We compare this resource to other projects in North America, and there are surprising few peers with this type of mineral endowment. These leads us to further discuss the parallels between this Project and their neighbors, Sibanye Stillwater, that are currently producing nickel, copper, platinum, palladium, and rhodium at that highest grade PGM mine in the world. Mike makes the point that the mining approach for Stillwater Critical Minerals that is being proposed is more of a bulk mining deposit more akin to the South African Platreef battery metals and platinum group elements mines and development projects found on the northern limb of the Bushveld Igneous Complex. Mike addresses the question of whether Sibanye Stillwater could be the only suitor, and points out there are ongoing discussions with a number of major metals producers and so there are plenty of options on the table for the road ahead.
Next we discuss the exploration work successfully completed in 2022 at the Pine Target, which is an additional gold target returning high-grade gold, that is 2kms away and currently not one of the 5 deposit areas presently included in the resource estimate, but that more drilling will be focused here in 2023 to keep delineating this additional target area. The focus of the exploration team at present is continuing to expand the high-grade areas of the 9km strike length, and for better understanding the geological structural controls, with a wealth of potential targets for future drilling in that larger context for the 2023 exploration season. The key focus of exploration for 2023 will still be the primary other 5 target areas at their Stillwater West project, with a large exploration program to be announced later this year.
If you have any questions for Mike regarding Stillwater Critical Minerals, then please email us at either Fleck@kereport.com or Shad@kereport.com.
In full disclosure, Shad is a shareholder of Stillwater Critical Minerals.
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Click here for company news from Stillwater Critical Minerals
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Capella Minerals (TSX.V:CMIL – OTCQB:CMILF) recently announce the start of drilling at the Kjøli Copper-Cobalt Project, in Norway. This is the start of drilling for the year where the Company plans to drill 4 100% owned Projects, 3 in Norway and 1 in Finland, plus a JV Property in Canada that is funded by the JV partner.
Eric Roth, President and CEO of Capella Minerals joins me to discuss the drill plans for the Kjøli Project including the main targets being drilled. I also have Eric outline the time frame to the other drill programs for the rest of the year.
If you have any follow up questions for Eric please email me at Fleck@kereport.com.
Click here to visit the Capella Minerals website and read over the recent news.
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website joins us to recap the key US economic data from this week which ties it into central bank expectations and market moves.
We start with a recap of the Q4 US GDP and PCE deflator. GDP was strong at 2.9%, pretty much as expected, and PCE dropped to 4.4% from 4.7%.
If you are in Vancouver this weekend and want to meet up with Shad or I at any of the conferences please email us. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit Marc’s free blog – Marc to Market.
On January 23rd Kodiak Copper (TSX.V:KDK – OTCQB:KDKCF) released drill results from 4 holes focused at the Gate Zone and Prime Zone on the MPD Project, in southcentral BC.
Claudia Tornquist, President and CEO of Kodiak Copper joins us recap these results and answer the question you emailed to me. We discuss the sequence of holes released, the significance of Hole 18 that hit mineralization in both the Gate Zone and Prime Zone, the relationship between the two Zones and where the best (highest grade) results have come from.
In a big picture sense we discuss how large these Zones are in terms of mineralization, the 2023 exploration plans and the conferences that the Company will be exhibiting at over the next couple weeks. The 2023 plans will continue to explore a wide range of targets on the Property and is fully funded.
If you have any follow up questions for Claudia please email me at Fleck@kereport.com.
Click here to visit the Kodiak Copper website to read over the full news release.
Figure 1: Plan map showing all Kodiak drilling and new 2022 assay results (yellow trace). Background is historic copper-in soil data. Porphyry mineralization at Gate has been traced down to 900 m depth, across a width of 350 m (east-west) and over 1 km in length (north-south). The Prime Zone has been drilled down to 780 m depth, across 200 m width (east-west) and over 400 m length (north-south)
Craig Hemke, Founder and Editor of TF Metals Report, joins us to review how technical levels, sector sentiment, and macroeconomic data continues to drive precious metals prices. Craig also calls out real-time readings on options expirations as they play out live in both silver and gold.
It’s a lively and candid conversation that gets into a number of key areas like Fed policy, the US dollar, interest rates, yield curve inversions, TSX volumes, pops in junior mining stocks, GDP data today, the coming PCE inflation data tomorrow, jobs numbers coming next week, recession signals, and more.
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Click here to visit Craig’s site – TF Metals Report
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Joel Elconin, Co-Host of The Benzinga Pre-Market Prep Show and Editor of the PreMarket Prep website joins us to discuss the “January Effect” which says stocks, especially small-caps perform best in January compared to the rest of the year.
We look at the tech sector, which has bounced back strongly, in the face of massive layoffs. There are some big tech earnings coming up in the next couple of days. We also discuss the moves in oil and gold.
Joel brings up some comparisons to pre-Covid markets and how 2020 and 2021 represented some outsizes moved. Maybe the markets are moving back to an equilibrium to pre-Covid times.
Click here to visit Joel’s PreMarket Prep website.
Jayant Bhandari, Private Investor joins us to focus on resource stocks, mostly the juniors. Select stocks, in a wide range of resource companies, have seen some huge volume spikes that drove prices higher. There appears to be a financing window finally open for these stocks, many of which are running low on cash. We have Jayant share how he’s managing his portfolio of resource stocks.
Quinton Hennigh, Technical Advisor at Lion One Metals (TSX.V:LIO – OTCQX:LOMLF – ASX:LLO) joins me to discuss the US$37million financing facility, announced on January 19th. The major question being if this will fund the Company through the ongoing mine build, with production forecasted for the end of 2023.
We start off by discussing if this financing facility now fully cashes up Lion One Metals for the mine build at the Tuvatu Project in Fiji. Quinton outlines the move into production, starting with small scale production. This ties into a discussion on the ongoing drill program that is a blend of infill and exploration at depth.
If you have any follow up questions for Quinton or the team at Lion One Metals please email me at Fleck@kereport.com.
Click here to visit the Lion One Metals website and read over the full news release highlighting the financing facility.
Yesterday, January 23rd, Fury Gold Mines (TSX:FURY – NYSE:FURY) announced the final results of the 2022 drill program at the Eau Claire Project. The total program was 17,000 meters, an increase on the 15,000 meters initially planned.
Tim Clark, President and CEO of Fury Gold Mines and Bryan Atkinson, Senior VP of Exploration join me to recap the 2022 drill program and highlight some of the key areas on the Project. We focus on the Hinge Target, Gap Zone, Percival Area and the resource expansion areas to the east. Tim provides more information on the overall goal and path of 2million ounces of gold on the Eau Claire Project.
If you have any follow up questions for the team at Fury Gold Mines please email me at Fleck@kereport.com.
Click here to visit the Fury Gold Mines website and read over the recent news.
John Rubino, Founder of the Dollar Collapse website and editor of a recently launched newsletter over at Substack, joins us to review what catalysts could be causing most markets to keep rallying higher when most economic data points to the economy heading into a deeper contraction and recession. John points out that this is a scenario where bad economic news is considered good market news, as it means the Fed and other global central banks will slow down the pace and amount of rate hikes moving forward, and after pausing, eventually become more accommodative once again.
The discussion gets into a range of macro fundamentals from consumer credit card debt, the real estate market, manufacturing weakness, bad corporate earnings, inflation, currencies, interest rates and more. We wrap up with John providing some actionable steps investors can take to benefit from the economic trends we are seeing highlighting the gold and silver royalty and streaming companies, uranium stocks, and oil stocks as areas of potential opportunity.
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https://rubino.substack.com/
Ed Moya, Senior Market Analyst at OANDA, joins us to review the continued bounce in most markets, despite a great deal of economic data continuing to be weak, including some recent earnings reports, and thus it is causing many economists to still be concerned about a recession and economic slowdown. We review the upward trends in a number of sectors from US general equities, with the tech sector leading the way again, to the cryptos, commodities, and precious metals.
There seems to be a risk-on attitude and bullish sentiment in the markets, despite many of the economic red flags, and for now investors are still piling into the rally that has been going on the last few months. It’s a very different year so far than last year with more investor enthusiasm and complacency with regards to the poor economic backdrop. The question remains of whether this surge higher is justified and if the bull market is here to stay?
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Click here to visit the OANDA website to follow along with Ed’s daily market note.
Michael Wood, CEO and Director of Reyna Gold Corp. (TSX.V: REYG) (OTCQB: REYGF), joins us for an exploration update at the flagship La Gloria Project, a 24,215 ha area located along the Mojave-Sonora Megashear trend in Sonora, Mexico. We start off by highlighting the range of minerals found on this district-scale land package ranging from precious metals – gold and silver, and base metals – copper and lead, to critical minerals – antimony, and tellurium. It reflects the large discovery potential of important key metals along the land package, and the company is vectoring in the key drill targets to commence in March of this year.
The company has been doing district-scale ongoing mapping, soil sampling, and Mag surveys to continue to refine targets at 5 main zones: La Republicana, Western, Las Carmelitas, Main Zone, and El Sombrero. The exploration team is also working on the IP survey over these 5 targets to be able to overlap that data with the previous layers of data to hone in on the most prospective drill targets for 2023. We discuss the 3 key areas of focus from the press release on Jan 19th highlighting the soil results and potential at depth from the Las Carmelitas, La Rebulicana and Western Targets, and what has the exploration team interested in getting drills on the ground on these areas in the next few months.
If you have any questions for Michael about Reyna Gold, then please email us at either Fleck@kereport.com or Shad@kereport.com.
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Reyna Gold News
Daniel Schleber, President and CEO of American Copper Development Corp. (CSE:ACDX) joins us to recap the January 18th news release reporting preliminary results from an IP survey completed on the Lordsburg Project in southwest New Mexico. The IP survey generated big target in the middle of the Property, see Figure 1 posted below.
We have Daniel recap the IP results and, with a focus on the main target, outline the Phase 1 drill plan. The Phase 1 drill program is forecasted to start next month. He also shares the upcoming news flow items including an OTCQB listing and the 3D inversions of the IP results.
If you have any follow up questions for Daniel regarding the work plans or Lordsburg Project generally please email us at Shad@kereport.com and Fleck@kereport.com.
Click here to visit the American Copper Development Corp website to read over the recent news.
Figure 1: Preliminary chargeability model RL slice image at 1,000m RL (~500 m depth below ground level)
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/8445/151687_1aa603cc749c3a9d_002full.jpg
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot joins us to share his outlook for US markets. With seemingly everyone on the bearish side entering this year, markets have shown strength to start the year. TG outlines a number of factors that are showing continued strength in a wide range of sectors. We also have him balance out the weak economic data in the face of the more bullish market data he is seeing.
Click here to visit the Profit Pilot website to follow along with what TG is seeing in the markets.
Matti Talikka, CEO of Aurion Resources (TSX.V:AU – OTCQX:AIRRF), joins us to for an exploration update at the 100% owned Risti Property targets as well as an exploration update at the Helmi Project on the Aurion-B2Gold Joint-Venture, along the Central Lapland Greenstone Belt in northern Finland.
We have Matti break down the ongoing scout and step-out drilling at multiple targets across the 100% owned Risiti property, testing for extensions of gold mineralization at the Kaares Area, and new zone of gold mineralization at the Kaaresselkä Prospect, with drill hole # KS22027, returning 17.12 g/t Au over 5.90 meters, and other drill results still to be released that are testing regional targets such as base of till anomalies and geophysical features.
The Aurion-B2Gold Joint-Venture exploration team continues to have a very high success rate with drill hits at Helmi Discovery, with 4,000 meters to still report from summer drilling, and with the winter drilling program currently underway.
If you have any follow up questions for Matti on Aurion Resources, then please email us at either Fleck@kereport.com or Shad@kereport.com.
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Click here to visit the Aurion Resources website to read over the recent news releases.
Welcome to The Weekend Edition of The KE Report! This Weekend’s Show we feature a group of generalist fund mangers and newsletter writers. This gives us a balanced view on the markets.
Everything (outside of the US Dollar) has been going up for the last 3+ months. The markets showed some weakness mid-week but investors are maintaining a bullish outlook. We breakdown what this means for short and long term investors.
Please keep in touch with Shad and I through email! I will be at a number of the conferences in Vancouver over the next two weeks. If you are in Vancouver and want to meet up please emails me! If you cannot attend the conferences but would like me to talk to any companies you like please let me know and I’ll be sure to swing by their booth. Our email addresses are Shad@kereport.com and Fleck@kereport.com.
- Segment 1 and 2 – Rick Bensignor, President of Bensignor Investment Strategies kicks off the show by sharing his outlook for US markets, gold, oil and natural gas bonds, the US Dollar and Bitcoin. With Rick’s track record, we are lucky to have Rick candidly share his outlooks.
- Click here to learn more about Rick’s investment letters for individual investors.
- Segment 3 – Dana Lyons, Fund Manager, is up next to discuss how much weight he puts on markets moves early in the year. We also discuss standout sectors that he thinks have more room to run higher.
- Click here to follow along with Dana’s market commentary.
- Segment 4 – Mike Larson, Editor and Chief at the MoneyShow wraps up this Weekend’s Show by first discussing if we are currently in a recession or if one is coming. How this all plays into future market moves and the investor sentiment is also discussed.
- Click here to learn more about the MoneyShow and its investment conferences.
Exclusive Company Interviews This Week
- Thor Explorations – Q4 2022 And Full Year Operations Results At Segilola, Along With 2023 Exploration Strategy In Both Nigeria and Senegal
- Labrador Gold – Drill Results From Big Vein Intersecting 20.88g/t Gold Over 5 Meters, Part Of The Ongoing 100,000 Meter Drill Program
- Heliostar Metals – More Information On The $12.5million Financing And Acquisition Of The Mexico Gold Portfolio
- Southern Energy – Introduction To A Growth-Oriented US Natural Gas Producer
- TriStar Gold – 2023 Work Plans At Castelo de Sonhos – Timelines, Government and Community
- Arizona Sonoran Copper – Recapping The Best Intercept Ever On The Project and 2023 Work Plans
- Stillwater Critical Minerals – More 2022 Exploration Results Returned Building Towards The Resource Update
- Cassiar Gold – Exploration Update From Cassiar North At The Taurus Deposit
- Metallic Minerals – Exploration Results From The Fox Target At Keno East, Building Towards A Maiden Resource Estimate This Year
- Rugby Resources – A Focus On The Cobrasco Copper-Molybdenum Discovery In Colombia
- Brixton Metals – A Focus On The Thorn Property, Drill Results From Camp Creek, Trapper and Metla, A 2023 Exploration Outlook
- Granite Creek Copper – Key Takeaways From The Preliminary Economic Assessment At The Carmacks Project
Rick BensignorDana LyonsMike Larson
Tim Johnson, President and CEO of Granite Creek Copper Ltd (TSX.V:GCX – OTCQB:GCXXF), joins us to break down the metrics and key takeaways from the recently announced Preliminary Economic Assessment (PEA) on the Carmacks Project in the Yukon.
PEA Highlights
- Base case metal prices of US$3.75/lb Cu, US$1,800/oz Au and US$22/oz Ag:
- Pre-tax NPV 5% of C$324 million and 36% IRR
- After-tax NPV 5% of C$230 million and 29% IRR
- Case 1 metal prices of US$4.25/lb Cu, US$2,000/oz Au and US$25/oz Ag:
Pre-tax NPV 5% of C$475 million and 48% IRR
After-tax NPV 5% of C$330 million and 38% IRR - Mine life of nine years at 7,000 tonnes per day with clear exploration potential to extend mine life with four target areas within 1km of the current resource.
- Capital cost of C$220m with payback of 2 years from commencement of production.
In addition to the copper and gold metals pricing sensitivity numbers that could further boost economics, Tim highlights that there is ongoing work from the Company and 3rd party contractors to continue improving the recovery rates of the metals which substantially impacts economics. We wrap up highlighting the large amount of exploration upside still on the project, at 4 key target areas, to increase the sulfide resources and further improve the blended oxide and sulfide mix for recovery purposes.
If you have any follow up questions for Tim regarding Granite Creek Copper, then please email us at Fleck@kereport.com or Shad@kereport.com.
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Click here to for a summary of the recent news out of Granite Creek Copper.
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc To Market joins us to look ahead to the next couple of weeks that will be data and central bank heavy. We relate this upcoming news to recent market moves and investor sentiment, which has swung to the bullish side.
Click here to visit Marc’s website – Marc To Market.
Gary Thompson, President and CEO of Brixton Metals (TSX.V:BBB – OTC:BXTMF) joins us to recap a number of drill results reported late last year and to start this year at the Thorn Property in Northwest BC. Results have been released from the Camp Creek, Trapper and Metla Targets. This ties into a wider discussion on the Company’s strategy at the Thorn Property and where the focus will be in term of the wide range of targets.
In term of 2023 big picture plans we have Gary provide an update on the budget for the year and if the Company will be focusing on any one or couple areas. We also discuss the strategic investment from BHP back in September/October last year.
I know a lot of you are following Brixton Metals so please send us your questions for our next call with Gary. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Brixton Metals website and read over the recent news.
Rugby Resources (TSX.V:RUG) announced results from the second hole at the Cobrasco copper-molybdenum discovery at the Cobrasco Project in Colombia. The initial discovery hole was announced on October 31st (click here to listen to an interview recapping that drill result).
Yale Simpson, Chairman of Rugby Resource joins me to discuss the Cobrasco discovery. We discuss how big this discovery is, how much money it will take to truly drill this off, how Rugby is planning on funding the program and how Rio Tinto plays into the overall area play (Rio is drilling along trend at another project).
If you have any follow up questions for Yale please email me at Fleck@kereport.com.
Click here to visit Rugby Resource website to read over the recent news and drill results.
Craig Hemke, Founder and Editor of TF Metals Report, joins us to review a number of factors, both technical and macroeconomic, that are driving the precious metals sector prices. We start off by observing the continued run higher in gold the last few months, with gold well above $1900 and heading to even higher levels today. However, Craig notes that silver has been stuck around the $24 level for a month now. Since it led the precious metals mining stocks both down the middle of last year and back up from September to present, that this may point to a corrective digestive period in the PMs in the near term. Craig feels that any corrective move would be more mild, as the macro factors are just not there in the bonds or interest rates, in the US dollar, or in COT positioning for a big crash in the PMs to occur.
The discussion then evolves into looking at how the 2 forces of economic weakness and recession hurting demand, could be counter-balanced with legitimate concerns of new supply of metals coming to market or even being available in current stockpiles and exchanges. Craig points out the very low inventories of many metals on the LME, or Comex, or even backing electronic funds, and discusses the recent comments from Zoltan Posar on the problematic supply challenges commodities may face, while noting how critical they are for current policy initiatives moving forward.
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Click here to visit Craig’s site – TF Metals Report
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to outline a 2 earlier stage exploration stocks that he feels represent intriguing risk reward setups based on the management teams, projects, and work strategy in relation to their market caps. One point he stressed is for investors to consider appropriate smaller position-sizing on earlier stage companies with far more risks than more established companies with resources in the ground or economic studies in place
We start off by discussing the recent drill results reported back from Firefox Gold (TSX.V: FFOX) (OTC: FFOXF), and how exploration success here may get a premium due to gold area play we’ve seen recently in Finland, with Rupert Resources (TSX: RUP) (OTC: RUPRF), Aurion Resources (TSX.V: AU) (OTC: AIRRF), B2Gold (TSX: BTO) (NYSE: BTG), and Agnico Eagle (TSX: AEM) (NYSE: AEM).
Next we discussed the earlier stage pre-discovery stock Gold79 Mines (TSX.V: AUU) (OTC: AUSVF), exploring in Nevada and Arizona on multiple projects, with Jefferson Canyon (partnered with Kinross), Greyhound (JV with Agnico Eagle Mines Ltd.), and Gold Chain. Erik is most animated by the exploration prospectivity of the Gold Chain project, and unpacks why he likes the project and team.
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and many are also site sponsors of The Hedgeless Horseman website. Aurion Resources are also sponsors of the KE Report.
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Click here to visit Erik’s site – The Hedgeless Horseman
Brien Lundin, Editor of The Gold Newsletter joins us to share his thoughts on the correlation between gold, and gold stocks, to the US markets. Today we are seeing gold up while the markets are down but over the past couple months all were moving up together. This ties into a question on the factors driving the markets and metals.
When it comes to the uptrend in commodities broadly we discuss the reopening going on in China and copper. Supply and demand are on his mind when it comes to copper.
Please email me if you are planning on attending any of the conferences coming up in Vancouver. I am happy to meet up with all of you to have a beer or coffee or walk around the conference. My email address is Fleck@kereport.com
Click here to visit the website for The Gold Newsletter.
Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), joins us to review the recent bulk tonnage drill results from the Fox Target at the Keno Hill silver district of Canada’s Yukon Territory.
We start off reviewing some of the first 8 drill holes with bulk tonnage results reported this week from the 2022 exploration program at East Keno. This program was focused on drilling of the Greater Fox area targets (Fox, UKHM and Zone 2), first discovered by the Company in 2020. Drill intercepts at the Fox target in 2022 averaged 136 m of sheeted vein mineralization (including up to 177 m wide); a significant broadening of the identified mineralized zones encountered in 2020 and 2021 drilling at Fox. At the Fox target, hole FOX22-03, returned sheeted vein zones of 144.5 m @ 41.4 g/t silver equivalent (Ag Eq), including 27.66 m at 105.8 g/t Ag Eq. There are still 2,000 more meters and 15 more drill holes to release from last year’s drill program, and those will all be incorporated along with all the prior years drilling at the Homestake, Formo, Caribou, and Greater Fox Targets into a Maiden Resource Estimate later this year.
Next we had Scott outline some of the nuances and differences being discovered in this more wide-intercept bulk-tonnage style mineralization in Keno East, verus the higher-grade narrow dipping veins found in Keno West, more akin to what their neighbors at Hecla Mining have in their resources and will be mining again in the latter part of 2023. Scott points out that the high-grade portion at depth in Keno West is more ideal for underground mining methods, and that even Keno East may be amenable to a combination or underground and open pit mining.
We wrap up by getting Scott’s thoughts on the big picture exploration strategy in 2023 at both Keno Hill, and down at the copper and precious metals focused La Plata Project in Colorado, where both projects will have meaningful work done to expand known resources. Additionally, there will be newsflow coming out in the next few months from the Company’s alluvial gold royalties in the Klondike Gold District for investors to watch for.
If you have any follow up questions for Scott on Metallic Minerals, then please email us at either Fleck@kereport.com or Shad@kereport.com.
In full disclosure, Shad is a shareholder of Metallic Minerals.
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Click here for a summary of the recent news out of Metallic Minerals.
Marco Roque, President and CEO of Cassiar Gold (TSX.V:GLDC – OTCQX:CGLCF), joins us to provide a comprehensive exploration update from the ongoing 23,000 meter drill program at Cassiar North, Cassiar South, and regional targets at the Cassiar Gold Project, in BC.
We start off by having Marco outline some of the recent expansion and infill drill results released Jan 17th from the Taurus Deposit at Cassiar North. Taurus West drill hole 22TA-176 intersected 98.00 m of 1.28 g/t Au from 10.7 m downhole, including 4.10 m grading 12.02 g/t Au, and expanding mineralization within a large under-explored area between resource blocks within the 2022 inferred mineral resource open pit shell. These results continue to show wide intercepts of solid bulk-tonnage grade material, in alignment with prior drill results released on November 29th last year; where Drill hole 22TA-158 at Taurus West intersected 72.3m of 1.09 g/t Au from 337.0m downhole, extending mineralization 50m beyond the extent of the inferred mineral resource open pit shell.
Marco points out that while some of these drill holes are within the boundary of the proposed pit shell, that they are going into areas that had wider spacing between prior holes, that were not previously included in the resource estimate, so these are actually expanding mineralization in-pit beyond the known resource . With 17,000 meters of drilling and 50 holes to still release to the market over the next few months, from Cassiar North, Cassiar South, and regional targets, there will be a lot of exploration newsflow on tap from the Company.
Please email us with any follow up questions for Marco on Cassiar Gold. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
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Click here for a summary of all the recent news from Cassiar Gold.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review both the fundamental and technical factors he is watching in gold, silver, and the PM mining stocks, now that they have clearly bottomed and are in a new bull market. While there will be corrections along the way, there is nothing on the charts or the macro landscape suggesting another big “wash out” event being needed for the sector to move higher.
Jordan provides some technical indicators he values, like the 200 day, 400 day, and 40 month moving averages, lateral price levels, and gaps on the charts, and points out that much of the other chart overlays are just based on price derivatives and momentum indicators, and he places little importance on those over the actual movement of price. In gold he noted $1800 and $1780 support levels, and below that possibly the gap zone between $1762-$1780. In silver, if $23 were to break then there is the $21.80 gap area, and support below $21 in the high $20s near the 200 day moving average. He also provides support targets for GDX and GDXJ.
The big takeaway is that at this point, investors should be more concerned with macroeconomic developments, rather than just technical price levels. In bull market moves, the corrections are typically shorter and more shallow, and therefore don’t correct as much as people on the sidelines waiting to buy corrections are expecting.
We wrap up with some thoughts on breadth readings, the advance/decline line metrics, and intermarket analysis with gold outperforming everything recently – US equities, commodities, and foreign currencies. If those macro factors don’t change, then pullbacks will be more shallow and represent good spots for traders to scale into positions.
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Click here to visit Jordan’s site and keep up to date on his market outlooks.
Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins us to review recent exploration results returned from the 2022 season and the current work going into the upcoming Resource Estimate update to be released this quarter at their flagship Stillwater West Project in Montana. The most recent maiden resource estimate, that incorporated drilling up through 2020 was released in 2021 and contained 1.1 billion lbs of nickel, copper, and cobalt, with an additional 2.4 million ounces of palladium, platinum, and gold. This upcoming resource will incorporate and the further resource delineation from the 14 holes drilled in 2021, in addition to the assays for rhodium were just released to the market today.
We dive further into the parallels between this Project and their neighbors, Sibanye Stillwater, that are currently producing nickel, copper, platinum, palladium, and rhodium at that highest grade PGM mine in the world. Mike makes the point that the mining approach for Stillwater Critical Minerals that is being proposed is more of a bulk mining deposit more akin to the South African Platreef battery metals and platinum group elements mines and development projects found on the northern limb of the Bushveld Igneous Complex.
Next we discuss the exploration work successfully completed in 2022 at the Pine Target, which is an additional gold target returning high-grade gold, that is 2kms away and currently not one of the 5 deposit areas presently included in the resource estimate, but that more drilling will be focused here in 2023 to keep delineating this additional target area. The focus of the exploration team at present is continuing to expand the high grade areas of the 9km strike length, and for better understanding the geological structural controls, with a wealth of potential targets for future drilling in that larger context for the 2023 exploration season.
We wrap up by discussing the new partnership the Company has with Cornell University, which was highlighted in a recent article in the Cornell Cronicle earlier today, where Greeshma Gadikota, assistant professor of civil and environmental engineering in Cornell Engineering, will receive $650,000 of the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL) $2.4 million grant from the federal Advanced Research Projects Agency. The focus of the research, in partnership with Stillwater Critical Minerals, will be to develop ways to simultaneously recover green-energy critical metals during mining, and used different carbon sequestration techniques in the process.
If you have any questions for Mike regarding Stillwater Critical Minerals, then please email us at either Fleck@kereport.com or Shad@kereport.com.
In full disclosure, Shad is a shareholder of Stillwater Critical Minerals.
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Click here for company news from Stillwater Critical Minerals
So far this month Arizona Sonoran Copper (TSX:ASCU – OTCQX:ASCUF) has released two news releases, outlining the 2023 work plans (January 10th) and results from the best drill hole ever on the Project (January 17th).
George Ogilvie, President and CEO of Arizona Sonoran Copper joins us re recap both news releases. We start with the January 17th news releases that reported Hole 108 at Parks/Salyer which intersected 189.3metres @ 2.005 total copper within a 265.9meter intercept of 1.64% total copper. This was an infill hole so we have George outline its importance for the upcoming Prefeasibility Study (“PFS”) due in 4Q23/1Q24 followed by a bankable Feasibility Study.
We then move to the January 10th news release outlining the 2023 work plans. All the work will feed into the PFS. We discuss the infill and exploration drilling plans for the year as well as all the other work planned.
If you have any follow up questions for George please email us at Fleck@kereport.com and Shad@kereport.com. We will get those answered for you!
Click here to visit the Arizona Sonoran Copper website to read over all the recent news.
Nick Appleyard, President and CEO of TriStar Gold (TSX.V:TSG – OTCQX:TSGZF) joins me to share the work plans at the Company’s Flagship Castelo de Sonhos Project in Brazil. This year is all about permitting so Nick and I focus on the timelines and process in front of the Company.
I also have Nick comment on the recent high volume up days in the stock to start the year. We discuss what he is hearing in term of investor interest in a Project with a defined resource and moving towards development.
If you have any follow up questions for Nick please email me at Fleck@kereport.com.
Click here to visit the TriStar Gold website to learn more about the Castelo de Sonhos Project.
Sean Brodrick, Editor Wealth Wave and Wealth Megatrends, and the Natural Resource Specialist at Weiss Ratings, joins us to focus on the investment trends in the gold, oil, natural gas, and cannabis sectors. We review the continued bounce in precious metals, and what macroeconomic factors could shape the year to come, including China reopening, moves in the US dollar and interest rates, and inflation.
Next we pivot over to the energy sector to review what he is watching in oil, nat gas, and the related stocks before he would start accumulating again.
We wrap up the discussion on the how a federal legalization bill could affect companies in the US, and the lessons the companies have learned from the mistakes made by Canadian companies when cannabis was legalized there on a federal level.
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Click here to visit the Wealth Wave website to keep up to date on Sean’s market commentary.
Doc Jones, Private Investor and editor of DrJonesResourceInvestor.com, joins us to outline why he is more interested in investing in critical minerals companies over precious metals companies, due to all the positive tailwinds we see behind the green energy policies and investment capital flows. The discussion covers a number of areas ranging from government funds and direct investment into battery metals and energy metals, to ESG, to the cost of capital for different commodities and related mining stocks. He outlines why his favorite 3 critical minerals to invest in are Nickel, Lithium, and Copper, and shares some of the macro trends and rationale for this thesis.
We wrap up getting some thoughts on how to filter down to the better quality company in these smaller commodity niches, especially when each one presents it’s own unique sets of challenges and current market environment. One company Doc Jones mentions as an example of accumulating good value is Magna Mining (NICU), focused on 2 nickel-copper-PGM projects in Sudbury, Ontario, reviewing how ounces in the ground are valued versus the average discovery cost. Doc Jones, also mentions he has deployed funds in the past to major producers like Vale (VALE), Rio Tinto (RIO), BHP (BHP) and Teck Resources (TECK) (TECK-A.TO) to just gain better exposure to pricing trends in these base metals sectors.
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DOC JONES RESOURCE INVESTORhttps://drjonesresourceinvestor.wordpress.com/
Dave Erfle, Founder and Editor of The Junior Miner Junky joins us discuss the set up for gold, silver and the underlying stocks. He shares key levels to watch on the downside and upside as we progress through this month. On top of this we also discuss how the interest in critical metals has captured the generalist investors and what it means for the PMs.
When talking stocks Dave shares how he is positioning and what to ask management teams when you chat with them. This leads into a discussion on past successes for teams and how to differentiate between the stronger teams.
Click here to visit the Junior Mining Junky website to follow along with Dave’s market comments.
Ian Atkinson, President and CEO of Southern Energy Corp (TSX.V: SOU) (OTCQX: SOUTF), joins us for a comprehensive overview of the company, projects, team, financials, and key news and milestones on tap for 2023. Southern Energy is an established producer with natural gas and light oil assets in Mississippi, that recently announced the its third quarter financial and operating results for the three and nine months ended September 30, 2022. It generated $8.3 million of adjusted funds flow from operations in Q3 2022 and $14.1 million for the nine months ended September 30, 2022, with petroleum and natural gas sales of $19.2 million in Q3 2022, an increase of 268% from the same period in 2021.
We have Ian outline the slated growth at the flagship Gwinnville Development project, with 13 wells planned for both Phase 1 and Phase 2 programs this year, and the first 3 already drilled and completed. Production will be starting to ramp up in February and March and continue to grow for years to come, with the strategy of drilling and average of 15 wells per year for the next few years from their strong financial situation and organic funds flow growth. The management team anticipates growing production from 3,400 BOE per day of currently to over 25,000 BOE per day in the next 4 years.
In addition to the growth of the Company’s Mississippi assets, there is still keen interest in growing through future acquisitions, possibly in Louisiana and Texas, as the Citibank formations, Selma Chalk formations, and Cotton Valley formations extend along trend in these jurisdictions. We wrap up diving into the financial strength of the company, their current and anticipated hedging positions, the strength of their natural gas pricing power compared to Canadian companies or even compared to Henry Hub pricing, and the availability of their credit facility if needed.
If you have any questions for Ian regarding Southern Energy, then please email us either Fleck@kereport.com or Shad@kereport.com.
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https://southernenergycorp.com/investors/regulatory-news/
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins us to recap the news release today announcing a $12.5million non-brokered financing. This ties directly into recently announced (December 5th) acquisition of a gold property in Mexico from Argonaut Gold. Click here to listen to the full interview, back in December, highlighting that announcement.
Since the stock is still halted following the acquisition announcement we have Charles outline the timeline and process from the exchange on when the halt will be lifted.
If you have any follow up questions for Charles please email us at Fleck@kereport.com Shad@kereport.com.
Click here to visit the Heliostar Metals to read over the recent news.
Roger Moss, President of Labrador Gold (TSX.V:LAB OTCQX:NKOSF) joins me to recap the January 12th news release reporting 2 drill holes from the Big Vein area on the Kingsway Project in Newfoundland. Highlights of the drilling include an intersection of 20.88 g/t Au over 5 meters that included 124.21g/t Au over 0.81 meters and 7.41 g/t Au over 1.0 meters in Hole K-22-206, and 6.04 g/t Au over 1.20 meters in Hole K-22-208. Both holes were drilled at the north end of Big Vein.
We discuss the location of these holes (see Figure 1 posted below) and how it fits into the big picture plans for this area. We then shift focus to the ongoing 100,000 meter drill program that has around 37,000 meters still to be drilled. I have Roger outline where these meters will be focused and the work that is going on in the background to advance targeting.
If you have any follow up questions for Roger please email me at Fleck@kereport.com
Click here to visit the Labrador Gold website to read over the recent news.
Figure 1. Big Vein plan map.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to outline a few post-discovery gold and silver exploration stocks that are drilling out robust mineralized systems, and that have newsflow which is moving the needle. He feels that there is both margin of safety and probable growth in place as solid exploration teams continue to step out and expand growing deposits.
In this interview we discuss Nevada King Gold (TSX.V: NKG) (OTC: NKGFF), Dolly Varden Silver (TSX.V: DV) (OTC: DOLLF), and Scottie Resources (TSX.V: SCOT) (OTC: SCTSF).*
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and many are also site sponsors of The Hedgeless Horseman website. Dolly Varden Silver and Scottie Resources are also sponsors of the KE Report, and Shad has positions in both companies.
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Click here to visit Erik’s site – The Hedgeless Horseman
Robert Sinn, aka Goldfinger, editor of Energy & Gold, joins us to review the technical and fundamental factors that have continued to drive the precious metals sector higher for the last few months and to kick off 2023, as well as other commodities that have his attention for the year to come.
We start off by breaking down some key support and resistance levels in gold and silver, and also take a look a sentiment indicators as more and more main stream analysts have also jumped on the precious metals bandwagon lately. While some commentators are still guarded for another big leg down or a final washout, Robert is more constructive that the bottom is in and that pullbacks will find support at higher levels. We then get into some comments on trading versus buy and hold value investing, and investor psychology as things turn from a bear market playbook to a bull market strategy.
Wrapping up the discussion then leads into the base metals and energy metals of both copper and nickel, and how Robert sees the macro fundamentals setting up, as well as his approach to investing in the related mining stocks.
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https://ceo.ca/@goldfinger
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http://energyandgold.com/
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review if a large move down in general equities, whether from recession pressures or a black swan event, could pull precious metals down with it later this year. This seems like an improbable outcome, after considering both the fundamental and technical factors that demonstrate gold, silver, and the PM mining stocks have clearly bottomed and are in a new uptrend. While there will be corrections within a secular bull market, there is nothing on the charts or the macro landscape suggesting another big “wash out” event being needed for the sector to move higher.
Another aspect we consider, when looking at the last few historical crashes in PM prices, was that they were much more widely held coming into 2007-2008 and 2011-12, before the following capitulations, than the PM sector is held currently. Now, over a decade later, most institutions and funds have far less exposure to gold, silver, or the PM equities, and the volumes and participation has been substantially lower, so there are less potential sellers sitting on gains even available to provide the fuel for a large crash in prices from here.
There is no technical or quantitative data that Jordan is reviewing which remotely suggests that we are going to see a massive crash in any markets at present. He mentions that it is far more likely that as the Fed pauses it’s rate hikes, and then eventually pivots back to rate cuts, that the general equities will top and roll back over in another leg lower, but that gold and the mining stocks will diverge and continue to outperform, like we’ve seen the last few months.
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Click here to visit Jordan’s site and keep up to date on his market outlooks.
Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins us to review the transformative option agreement with Tearlach Resources to develop the Tonopah North Lithium Project. Tearlach has been granted the option to acquire, in two stages, up to a 70% interest in the lithium minerals in certain unpatented mining claims forming a portion of the Company’s Tonopah North Project in Nevada, upon incurring cumulative exploration expenditures of US$15,000,000 and the completion of a Feasibility study within 5 years.
Andrew discussed that this transaction allows Blackrock Silver shareholders to gain an interest in an active lithium project while allowing the Company to focus its resources on our high-grade precious metal discoveries. With one of the highest-grade undeveloped silver-gold resources in the world at the adjacent Tonopah West Project, a new bonanza gold & silver discovery at the Silver Cloud Project. We review the exploration strategy and upside potential for PMs at all 3 projects, and that there are still 20 holes pending assays from last year’s drilling at Tonopah West that will be released in the next month or two. There will be further news hitting the wires in the first quarter from Silver Cloud as well, with more follow up planned in the year to come.
If you have any follow up questions for Andrew regarding Blackrock Silver, then please email us at Fleck@kereport.com or Shad@kereport.com.
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Click here to visit the Blackrock Silver website to read over the recent news we discussed.
Dave Erfle, Founder and Editor of the Junior Miner Junky, outlines his technical outlook on the precious metals sector, and which macroeconomic drivers will continue be in focus as this year unfolds. We start off reviewing the general consensus that gold, silver, and the PM mining stocks bottomed in Q4 of last year, and that a new upleg is underway in the sector. Dave shares key resistance levels he is watching for in gold, as well as GDX and GDXJ, and that while we may see a short-term corrective move, the larger trend is still higher.
Next we focus on the macroeconomic factors shaping 2023 from the lingering inflation, continued stagflation, the potential for a worse recession and deflation (like we are seeing in manufacturing, housing, and general equities), central bank policies, and geopolitical tensions. Barring some unforeseen black swan event creating a panic selling scenario, the set up is there for the general markets to keep correcting down in an orderly fashion, where the precious metals sector continues to diverge by outperforming.
We wrap up with getting Dave’s thoughts on the gold mining stocks, from the potential for producers to have their margins expand this year, to the high probability of the junior mining stocks to get re-rated higher closer to historic norms.
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Click here to visit Dave’s site – Junior Miner Junky.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show joins us to recap a wide range of market moves kicking off 2023, and proposes we may in a new normal where interest rates, P/E Ratios for company valuations, and even the trend in general markets may be sideways for a period of time.
We start with US markets, where investors seem to have more of a risk appetite for tech stocks and sectors that have sold off harder, and less of an affinity for the value sectors like healthcare, utilities, and energy stocks at present. Q4 earnings season is the main thing investors are focused on at present.
Joel mentions that the financial stocks have held up better than many anticipated, focused on JP Morgan as a key bellwether stock in that sector, which has kept him less bearish than many commentators in the main stream financial media. He sees key support in the S&P 500 around the $3800 price level, and mentions that the markets could just trend sideways in range trading for much of the first part of this year.
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Click here to visit Joel’s PreMarket Prep Show.
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX) joins me to update us on the January 5th news release announcing an application for Mineral Licenses that encompass the majority of the Viken Deposit in central Sweden. This is a polymetalic deposit with a focus on vanadium and uranium.
I have Garrett start us out by outline the details on the application process in Sweden. We then discuss the historic work completed at the deposit, which includes over $10million spent, and had a PEA released in 2010 and an updated resource estimate and PEA in 2014. To wrap up I have Garrett reiterate how this Project will fit into the overall Company’s strategy and work plans for 2023.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
Click here to visit the District Metals website and read over the recent news we discussed.
John Rubino, Founder of the Dollar Collapse website and editor of a recently launched newsletter over at Substack, joins us to review a whether the economy is heading into a deeper recession or more of a soft landing in 2023. The discussion gets into a range of macro fundamentals from consumer credit card debt, the real estate market, manufacturing, energy costs, inflation, central bank buying, gold, silver, the US dollar, fiat currencies, interest rates affects on national debt repayment, and much more.
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https://rubino.substack.com/
Jason Jessup, President and CEO of Magna Mining (TSX.V: NICU), joins us for an exploration update at the Crean Hill Mine Project, and at the Shakespeare Project, as well as the potential development strategy at both areas, and the ultimate pathway towards production in Sudbury.
We start off by reviewing the importance of the recent high-grade drill intercepts of nickel, copper, platinum and palladium in the 101 and 109 Footwall Zones that the company has been exploring.
- Drillhole MCR-22-005, intersected 4.0 % Ni, 0.7 % Cu, 0.7 g/t Pt+Pd+Au over 31.1 metres, Including 6.5 % Ni, 1.0 % Cu, 0.5 g/t Pt+Pd+Au over 5.0 metres, and 5.7 % Ni, 0.7 % Cu, 0.8 g/t Pt+Pd+Au over 16.1 metres in the 101 FW Zone
- Drillhole MCR-22-010, intersected 0.4 % Ni, 0.5 % Cu, 7.2 g/t Pt+Pd+Au over 98.3 metres, including higher grade intervals grading 0.8 % Ni, 0.8 % Cu, 12.7 g/t Pt+Pd+Au over 44.0 metres, including 3.7 % Ni, 2.8 % Cu, 20.2 g/t Pt+Pd+Au over 7.1 metres in the 109 FW Zone.
- The 109 FW Zone represents an area of high-grade mineralization extending into the footwall breccia that is associated with the Main Zone.
The discussion then shifts back to reviewing the upcoming PEA for the Crean Hill, how these new footwall zone discoveries could be brought into the front-end of the mine plan, and also how toll-milling could be utilized on the front-end for a low-cost launch into production and to build up capital to redeploy into the eventual buildout of the processing center at Shakespeare. There are 15,000 meters of drilling planned in 2023 for the Crean Hill Mine Project, and Jason also reviews the ongoing exploration success they’ve been having expanding the geometry and resources at the Shakespeare Project, with more results from 2022 still to report, and another 3,000 – 5,000 meters of follow-up drilling planned for 2023.
If you have questions for Jason regarding Magna Mining, then please email us either Fleck@kereport.com or Shad@kereport.com.
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https://magnamining.com/news-and-updates/
Ed Moya, Senior Market Analyst at OANDA joins us to discuss today’s market moves, where the tech sector is leading the way. After all the layoffs and poor earnings from tech stocks these days where the sector leads feel completely out of place. This also ties into a discussion about what a recession in 2023 looks like, or even if it will happen.
Click here to visit the OANDA website to follow along with Ed’s daily market note.
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins us to provide a Corporate update including the move by the Company to beginning holding silver rather than selling all production immediately.
Chris recaps the Company’s strong balance sheet at year end and how he is looking to add leverage to the stock. The decision to hold metal on the balance sheet also plays into future acquisition strategies as the market has shown how difficult it is to find and build assets while keeping costs under control.
If you have any follow up questions for Chris regarding the 2023 plans at SilverCrest please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the SilverCrest website to find out more about the Company and current production at Las Chispas.
Welcome to the first Weekend Show of 2023! Since some of the best performing sectors of 2022 were precious metals and energy we are focusing the show here. These sectors were essentially flat on the year but that was much better than everything else.
We hope you all enjoy this Weekend’s Show and please keep in touch with Shad and I. We do our best to follow up with every email we receive and ask the questions you are passing on! Our email addresses are Shad@kereport.com and fleck@kereport.com.
- Segment 1 and 2 – Richard Postma, AKA Doc kicks off the show by simply focusing on gold, silver and the underlying stocks. As always Doc sticks to the long term charts for the longer term investors.
- Segment 3 and 4 – We shift our focus to the oil and gas sector with Dan Steffens, President of the Energy Prospectus Group. We get Dan’s oil and gas price forecasts as well as a number of stocks he thinks could lead the sector in 2023.
- Click here to visit the Energy Prospectus Group website to find out more about Dan service. If you are interested in signing up for Dan’s newsletter you can send us an email and we might be able to get you a discount for an intro subscription.
Exclusive Company Interviews This Week
- Dolly Varden Silver – Cashed Up, Drill Results On Tap, And A Large 2023 Exploration Program
- Thor Explorations – The Douta Development Project Continues To Deliver More Solid Drill Results, Segilola Production Is On Track For Annual Guidance
- Mako Mining – High-Grade Drill Results From The SouthWest Pit, And Operational Update At The San Albino Mine
DocDan Steffens
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to outline why he still sees a great deal of upside in the “beta” type of mining stocks with upside optionality to proven resources in the ground, as well as exploration stories that have key milestones to report in 2023.
In this interview we discuss a number of general concepts and strategies for investing in base metals or precious metals mining stocks, and focus on Magna Mining (TSX.V: NICU), I-80 Gold Corp (TSX: IAU) (NYSE: IAUX), Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF), and District Metals (TSX.V: DMX) (OTC: MKVNF) as case studies that Erik sees value drivers in for this year.*
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and many are also site sponsors of The Hedgeless Horseman website. Shad has a position in I-80 Gold corp.
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Click here to visit Erik’s site – The Hedgeless Horseman
Brien Lundin, Editor of The Gold Newsletter and out host at the New Orleans Investment Conference, joins us to review the rebound in the precious metals sector over the last few months and kicking off 2023, and why it is that the mining stocks haven’t responded with more leverage. We discussed the sector sentiment still lagging the moves we’ve seen for months in silver, gold, and the PM mining stocks, and the old truism that: “A market is often loved least by those who know it best.”
The discussion then turns to where the macroeconomic drivers are heading this year that have been so prominent over the last year like inflation expectations, Fed policy, and what may happen once they wrap up their tightening cycle in the first half of this year. We also reflect on how if inflation is starting to moderate, while metals start climbing higher in price, that this should be a boon for the PM producers financial margins and for the economics of development projects. Brien feels that companies that have large scale resources will start to shine as they have their economics rerated higher, and he is still also animated by some of the select drill play exploration stocks with quality work programs for the year to come.
We wrap up discussing that Brien feels the bottom in the precious metals sector is now behind us, and after seeing a pattern of higher highs and higher lows in the metals and mining stock ETFs, that we should not be disheartened if we see a near-term pullback to digest the last few months gains.
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Click here to visit the Gold Newsletter website to learn more about Brien’s letter.
Craig Hemke, Founder and Editor of TF Metals Report, joins us to reflect on the continued bounce in the precious metals to start the year, and shares some key themes from his Macrocast 2023: One Step Beyond forecast (linked below this interview).
We start off discussing the pop in gold and silver and the PM mining stocks the first 2 days of 2023, which was a continuation of the trend we’ve seen the last few months. Next we shifted into reviewing how markets like the US dollar and bonds / interest rates played out in 2022, and how they could be setting up for 2023. Some of the trends discussed hinge upon expectations around inflation, data stacking up for a growing recession, labor trends, and the potential for a quicker than expected shift by the Fed to rate cuts the middle to end of next year.
Craig emphasized it is a year that could be much like 2019, where it will be wise to be patient, block out a lot of the main stream financial media noise, and focus on what actually plays out as things evolve into the middle of the year to come.
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Click here to visit Craig’s site – TF Metals Report
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https://www.tfmetalsreport.com/blog/11886/macrocast-2023-one-step-beyond
Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins us for an exploration update at the Southwest Pit and the Los Conchitas Project, as well as an operations update at the San Albino Gold Mine in Nicaragua. We started off reviewing some of the recent high-grade gold drill results from the 2 drill rigs that had been operating last year at the Southwest Pit. Some drilling highlights released today were intercepts of 98.50 g/t Au and 66.3 g/t Ag over 1.9m, including 168.30 g/t Au and 110.0 g/t Ag over 1.1m; along with another intercept of 52.66 g/t Au and 47.2 g/t Ag over 2.0m, including 78.14 g/t Au and 69.6 g/t Ag over 1.2m. These results are all feeding into an updated resource estimate for this SouthWest pit near San Albino in the first half of 2023, which will be followed by an updated mine plan and economics.
In addition, in 2022 exploration team had deployed five of its seven diamond drill rigs in the Las Conchitas area, which is located between the San Albino Mine and the historical El Golfo Mine located within the Company’s El Jicaro Concession. With solid results reported previously and still to be returned from this drill campaign in the months to come, this area will see it’s first maiden resource estimate reported in tandem with the overall resource update in late Q1 or possibly in early Q2, due to logistics.
On the operations front, things have been going much better since October of last year and this is setting up for projected better numbers in Q4, once they get reported in a few weeks. While the “preg-robbing” from the carbon in the ore and leach had impacted Q2 and part of Q3 production in 2022, the proper adjustments to the process were made, and recovery rates have improved significantly since Q3 of last year. Currently the mill is running above capacity many days with throughput reaching over 600 tonnes per day, and this production improvement will carry forward into 2023.
If you have any questions for Akiba about Mako Mining, then please email us at either Fleck@kereport.com or Shad@kerport.com.
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Click here for a summary of the recent news out of Mako Mining.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss both the fundamental and technical factors that demonstrate gold, silver, and the PM mining stocks have clearly bottomed and are in a new uptrend. We start off discussing the continued recent move higher in gold and mining stocks, and where short-term resistance may come in for the metals, GDX, and GDXJ.
While we may see a mild corrective move to digest these recent gains, Jordan feels those people still expecting a final wash out to new lows in the metals or miners are ignoring tons of obvious data, and that there is not a bearish case to be made for the precious metals right now. He provides the technical, fundamental, and inter-market analysis rationale for his conviction that we are starting a very bullish period and likely a new secular bull market in the PMs in real terms.
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Click here to visit Jordan’s site and keep up to date on his market outlooks.
Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us for a wide-ranging discussion where we review how the macroeconomic environment has played out from 2022 and now heading into 2023.
This is a wide-ranging discussion touching on the continued bear market in general US equities, bonds and interest rates, the US dollar, oil, gold, silver, platinum, battery metals, and much more. Nick breaks down how he is managing his portfolio allocations in cash, in the precious metals sector, and also mentions some specific royalty, gold, platinum, and copper stocks that he has allocations to. He wraps up restating the bullish developments in both the lithium and uranium sectors as energy metals to watch.
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https://digestpublishing.com/
Sean Brodrick, Editor at the Wealth Wave website and the Natural Resource Specialist at Weiss Ratings joins us to look across a wide range of commodity sectors. We focus on energy (oil, natural gas, and uranium), precious metals (gold and silver) and base metals (mostly copper and nickle). Sean outlines what he likes, what he’s avoiding and what he thinks will be the major driving factors to consider for 2023.
Click here to visit the Wealth Wave website to keep up to date on Sean’s market commentary.
Dave Erfle, Founder and Editor of the Junior Miner Junky, joins us to highlight that the PMs have kicked off the new year in the green, even despite the higher US Dollar, due to the war premium out of Ukraine.
We review if the rally witnessed in the PM sector over the last few months has more room to run, or if a pullback is in order? Dave shares key resistance levels he is watching for GDX and GDXJ, and discusses how the market pendulum is swinging from very oversold levels from last September, to a continuation in the opposite direction of swinging to a more overbought as the year unfolds.
We wrap up with some of the macroeconomic factors shaping 2023 from the lingering stagflation, potential for a worse recession, China reopening, central bank policies, and upcoming Fed meeting minutes.
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Click here to visit Dave’s site – Junior Miner Junky.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show joins us to recap a wide range of market moves to kick of 2023.
We start with US markets, that are selling off today, lead by tech stocks. Energy stocks are also lower as Natural Gas is the biggest loser on my screen, down 10%. We then move to the rise in the US Dollar balanced with the rise in precious metals. Finally we touch on the financial stocks, focused on JP Morgan. He is weighing the threat of recession with how well the bank stocks have done.
Click here to visit Joel’s PreMarket Prep Show.
Steve Penny, Publisher of The SilverChartist Report, joins us to share a handful of key charts on the US Dollar monthly, weekly, and daily, and Gold, Silver, and Platinum weekly and daily charts, Uranium, and (URNM) the Sprott Uranium Miners ETF. [all charts are posted below so you can follow along]
We intermix some macro fundamental discussion into the conversation around these various markets to get an overall take on where the drivers of each sector will come from, in relation to price movements, and some thoughts on trading strategy.
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Click here to visit the SilverChartist website
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Welcome to the final KE Report Weekend Show of 2022. 2022 was a year that many investors will want to put behind them. There are a couple very important themes that developed in throughout the year which should be a guild for investors in 2023. On this Weekend’s Show we focus on the major theme changes that will be driving markets in 2023.
We hope you all have a very Happy New Year! Thank you all for visiting our site and downloading the Podcast! Please keep in touch with Shad and through email – Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Dana Lyons, Fund Manager, has been very accurate throughout the year playing the general bear market and trading the swings. He outlined early in the year it was a market to “hit singles and doubles, not home runs”. Dana recaps his major takeaways from the year and how he is positioned entering the new year.
- Click here to visit Dana’s site. He is offering a 20% discount on a All-Access Pass if you sign up by the end of the week.
- Segment 3 – Josef Schachter, Founder and Editor of the Schachter Energy Report is up next with a focus on the energy sector. Oil and natural gas had a great first half of the year, then market forces took over and pulled each back by year end. The stocks did extremely well early on. Josef shares his outlook for energy prices as well as what stocks he is looking to buy.
- Click here to visit the Schachter Energy Report website.
- Segment 4 – Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website wraps up the show by recapping some important news and developments in December that are critical for 2023. We discuss China, central bank policy, interest rate differentials for countries and major money flow shifts.
- Click here to visit Marc’s free blog – Marc to Market.
Exclusive Company Interviews This Week
- Dolly Varden Silver – Cashed Up, Drill Results On Tap, And A Large 2023 Exploration Program
- Thor Explorations – The Douta Development Project Continues To Deliver More Solid Drill Results, Segilola Production Is On Track For Annual Guidance
Dana LyonsJosef SchachterMarc Chandler
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to outline why it is best to be patient with companies that have demonstrated something special, because they may still have much further to grow if they have unrealized and growing value, before one would want to harvest gains. We’ve discussed in the past that often the discovery hole, or key company milestone is just the beginning of the journey, even if the share price has put in a nice pop higher.
In this interview we discuss Magna Mining (TSX.V: NICU), as an example of nickel and base metals company that Erik feels is just getting started in relation to the market recognition of the value they already have put in place. Erik makes the point when one gets positioned early into an unfolding value creation story, that one can even press their bets by averaging up in a story that continues to grow in share-price and market cap; so this is the approach he has decided to take personally in Magna Mining up until present. *
We point out that investors should really do their due diligence on the front-end as to where they believe the value in any company they invest in can realistically grow over a certain period of time. Then once an investors has a thesis for the potential value of the company over a specific time horizon for the investment, then they can ask themselves if their actions are in alignment with that thesis when deciding when to exit the stock. Most big wins in the sector take years for the stories to unfold, which can be a challenge for investors that only want to hold for weeks or months before assessing if it was the right investment.
*In full disclosure, Magna Mining, mentioned by Erik in this interview, is a personal position he holds in his portfolio, and is also a site sponsor of The Hedgeless Horseman website.
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Click here to visit Erik’s site – The Hedgeless Horseman
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss both the fundamental and technical factors that could move gold and silver stocks higher next year. We start off discussing how the macroeconomic trends are different now with regards to precious metals prices and inflation than they were a few years back when the PM sector took off in 2019 and 2020, and how these headwinds and tailwinds, especially around input costs relative to topline metals prices have morphed and affected margins over the last 2 ½ years. Jordan sees a better scenario shaping up for 2023 where costs may stay muted while metals prices breakout to new highs, and this ties into market expectations on Fed policy, and a contracting economy.
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Click here to visit Jordan’s site and keep up to date on his market outlooks.
Shawn Khunkhun, President and CEO of Dolly Varden Silver (TSX.V:DV – OTCQX:DOLLF), joins us to review the recently announced upsized capital raise and provided an exploration update with many more drill results on tap from 2022 to release. On Dec 22nd, the Company announced the closing of a $22.6 million Private Placement with participation by Hecla Mining, maintaining their over 10% stake in the company, and this will allow the company to keep the exploration momentum going with more step outs and discovery drilling to test the size and scale of the combined Kitsault Calley Project (the recently combined Homestake Ridge and Dolly Varden Projects) in the Golden Triangle of British Columbia.
Shaw recapped some of the high-grade silver drill results at the Kitsol Vein and stepping out from the Torbrit Resource Area as part of this year’s exploration program as well as highlighting the success in stepping out and growing things at the Wolf deposit, for some of the best exploration results seen on the project to date. We also discussed the solid high-grade gold and silver results coming back from Homestake in recent news releases. With 50 more drill holes to release from the Homestake, Wolf, and Torbrit areas, there is plenty of drill news on tap for the next few months.
If you have any follow up questions for Shawn about Dolly Varden, then please email us at Fleck@kereport.com and Shad@kereport.com.
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Click here to visit the Dolly Varden Silver website to read over Company news.
John Rubino, Founder of the Dollar Collapse website joins us to share his thoughts on the 4th quarter run higher in gold, issues in the US housing market and a possible shift in the energy sector toward nuclear.
Starting with gold, John points to central bank buying, physical shortages and currency devaluation as key drivers for the metal. On the housing front we discuss the recent weak data and how higher interest rates will continue to pressure the market. Finally on the energy front John thinks that uranium is critical with the shift to more nuclear power and smaller reactors.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins me to share his outlook for 2023 in terms of China, US markets and the oil sector.
We start with China and all the news around the county’s citizens being able to travel more freely as Covid restrictions have loosened. We look to what a re-open could do for the markets. We then move to the continued rotation out of tech and into value stocks. Look at today with the NASDAQ down around 1% with the Dow in positive territory. We wrap up with comments on oil and oil stocks. Is all the optimism for next year warranted.
Click here to visit Joel’s PreMarket Prep Show.
Mike Larson, Editor and Chief at the MoneyShow joins us to share his outlook for markets next year. We start by asking how important early on trading will be for markets after the stronger 4th quarter of 2022. This leads into a discussion on sector specific risks and the risk of a a major shock/collapse. We also chat about the set up in metals, both precious and base as well as energy.
Click here to visit the MoneyShow website to find out more about their conferences.
Welcome to the Christmas Eve edition of the KE Report Weekend Show! No time off this weekend as we feature two guests that have been very accurate in calling a wide range of markets and metals.
We hope you all have a very Merry Christmas and Happy Holidays! Thank you all for supporting the show throughout this year. We are lucky to have such dedicated and thoughtful listeners!
- Segment 1 and 2 – Rick Bensignor, President of Bensignor Investment Strategies kicks off the show by going around the horn sharing his outlook for US markets, yields, the US Dollar, oil and gas as well as gold. Rick has consistently outperformed the market since we brought him on the show over two years ago.
- Click here to learn more about retail and individual investor newsletters.
- Segment 3 and 4 – Christopher Aaron, Founder of iGold Advisor and Senior Editor at Gold Eagle wraps up the show with a focus on gold, silver and gold stocks. He shares key levels to watch as well as his forecasts for how each price will move throughout next year.
- Click here to learn more about Christopher’s iGold Advisor service.
Exclusive Company Interviews This Week
- Vizsla Silver – More Bonanza Grade Silver Results At Copala And A Strategic Investment In Prismo Metals
- Torq Resources – A Focus On Exploration Starting Up At Santa Cecilia
- GMG – New Data On The Thermal-XR Division, What It Means For Revenue
- Fury Gold Mines – The Best Drill Result To Date At Percival Main, 13.5 Meters Of 8.05g/t Gold
Rick BensignorChristopher Aaron
Jayant Bhandari, Private Investor, joins us for a focus on the macro backdrop in the gold and silver sector and how he is managing his portfolio of junior mining stocks. We start off discussing that there are 2 main ways to make money investing in the sector: 1) Positioning in companies that can build shareholder value over time, and 2) buying company positions when they are low, when other investors that bought at higher levels panic sell out of them at any price. During this seasonal end-of-year low volume paired with high volatility, Jayant is swing trading micro-cap stocks as they whip-saw back and forth, as an idea for more active traders.
For value investors, looking for longer-term buy and hold strategies, Jayant outlines the fundamentals of four companies that he has positions in and believes will appreciate in the year ahead. We discuss Aztec Minerals (AZT.V), Newcore Gold (NCAU.V), Montage Gold (MAU.V), and Riverside Resources (RRI.V). This brings up a broader discussion about how low the ounces in the ground and jurisdictions are being valued, and what kind of work programs he wants to see from junior companies in this environment.
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Click here to visit Jayant’s website.
CEO Sunny Trinh joins FCIR to share the latest investor update and the recently announced final approval to list its common shares on the NEO Exchange Inc. and is expected to trade under the symbol “DESG” in January 2023.
Learn More: https://devvstream.com/
Yesterday, December 21st, Fury Gold Mines (TSX:FURY – NYSE:FURY) announced drill results from the Percival Main and Percival East prospects, on the Eau Claire Property in Quebec. The best results came from the Percival Main prospect step out holes, including the best hole to date intersecting 8.05g/t gold over 13.5 meters.
Tim Clark, President and CEO and Bryan Atkinson, Senior VP of Exploration at Fury join us to recap these drill results. We discuss how the Percival prospect fits into the larger strategy at Eau Claire, where this prospect is located in relation to the Eau Claire deposit and the follow up work planned. We also look to the 14 other anomalies along the Percival trend and the process of testing these next year, as well as the overall exploration plans for 2023.
If you have any follow up questions for the team at Fury Gold Mines please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Fury Gold Mines website and read over the full news release.
Figure 1: Percival long section depicting the locations of the recent drill holes in relation to the historical drilling along a steeply west plunging fold.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review how he is trading the gold, silver, and base metals junior exploration stocks in light of the end-of-year volatility. We discuss that in addition to the conclusion of tax loss selling, and the rebalancing of the GDXJ, which sent some stocks up or down in dramatic fashion lately, that this time of year with lower volumes can be quite turbulent in the daily pricing moves in many stocks. These big moves in either direction can vastly change the potential risk-reward setups in many stocks depending on where investors get positioned or average their cost basis from.
We also highlight 2 stocks, Snowline Gold (SGD) and Eskay Mining (ESK), that have seen some noticeable volatility lately, both in anticipation of key news, and then after key news was released to the market. Erik points out some of the thoughts he has around their valuations before and after the news, with regards to changing investors sentiment and expectations, and within the larger context of where they could be heading over the next 1-2 years.*
*In full disclosure, the companies mentioned by Erik, in this interview include personal positions in his portfolio, and they also may be site sponsors on The Hedgeless Horseman website.
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Click here to visit Erik’s site – The Hedgeless Horseman
Brien Lundin, Editor of The Gold Newsletter and out host at the New Orleans Investment Conference joins us to discuss the gold to S&P ratio that has shifted recently to a negative correlation during this pullback in the S&P. We balance out what is causing this shift and if it’s sustainable into next year. We also dive down to the PM stocks, both gold and silver stocks, to discuss what can draw more investors into the sector.
Click here to visit the Gold Newsletter website to learn more about Brien’s letter.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss both the short to medium-term outlook, as well as the longer-term outlook in the precious metals sector. We start off discussing the encouraging rally we’ve seen in gold, silver, and the mining stocks over the last few months, but that they are approaching some key resistance areas where PMs may need to correct and consolidate these moves through both time and price. We then get into continued low sentiment in the PM space, despite the recent move higher in the metals; and that the mining stocks overall have not really provided the upside leverage yet, like they will when the true secular bull market gets underway.
Jordan differentiates the nominal moves higher that we’ve seen in gold, silver, and the mining stocks since 2016, where there was still strong general equities markets, and points out that in real terms, that was not a secular bull market yet, and that the real bull market is likely just getting started. We wrap up with how he is expecting next year to play out for US equity markets and gold, and at what price levels he expects to see more die-hard resource investors return to the sector, and then after that the lagging factor in the generalist investors getting involved at higher levels.
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Click here to visit Jordan’s site and keep up to date on his market outlooks.
Yesterday, December 20th, Graphene Manufacturing Group (TSX.V:GMG) announced new data on the Thermal-XR division. The data, which is verified by the University of Queensland, shows that when THERMAL-XR® is applied to aluminum it reduces the surface temperature by approximately 15% in temperatures between 70C and 90C.
Craig Nicol, Founder and CEO of Graphene Manufacturing Group joins me to focus on the Thermal-XR division. We start with what the news means for market penetration of the product as well as possible revenue sources. We also discuss other potential markets for this product and how quickly it can be scaled. I have Craig outline how the Company will balance the Thermal-XR division with the battery division and how it will allocate the graphene produced to each product. As Craig says, this data is a game changer for this product.
If you have any follow up questions for Craig on the Thermal-XR division, battery division or graphene production please email me at Fleck@kereport.com. Thank you to everyone who has sent in questions following the last interview. I am saving those for another Q&A interview with Craig.
Click here to visit the GMG website and read over the recent news.
Sean Brodrick, Natural Resource Analyst at Weiss Ratings and Editor of Wealth Wave, joins us to share his macroeconomic outlook, as well as thoughts on the US dollar weakness, the surprise policy decision from the Bank of Japan today, Fed policy expectations moving into 2023, and his expectations for pricing trends in gold, silver, PM mining stocks, oil, nat gas, and the energy sector as we move into next year. We also discuss the ramifications if China was to reopen it’s economy in 2023.
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Click here to visit the Wealth Wave website to keep up to date with Sean’s market comments.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the surprise policy shift by the Bank of Japan shifting slightly away from yield control and follow up market moves today. The US Dollar is dropping, helping to push gold and silver higher with markets also moving up. We also look at the tech sector which continues to be under pressure which has investors searching for new market leaders.
Click here to visit Joel’s PreMarket Prep website.
On December 13th Torq Resources (TSX.V:TORQ – OTCQX:TRBMF) announced the start of exploration at the Santa Cecilia Project, in the Maricunga belt in northern Chile.
Shawn Wallace, Executive Chairman, and Michael Henrichson, Chief Geologist at Torq Resources join me to recap the overall exploration plans. The Company is starting with surface work then progressing to drilling by early 2023 to test untested porphyry targets. We also discuss the location of the Project that is surrounded by large copper and gold assets.
I have posted Figure 1 and 2 from the news release to make it easier for you to see the location of the Project and the porphyry targets.
If you have any follow up questions for Shawn or Michael please email me at Fleck@kereport.com.
Click here to visit the Torq Resources website to read over the full news release.
Figure 1: Illustrates the location of the Santa Cecilia project in the southern region of the world-class Maricunga belt, which includes world-class multi-million-ounce deposits such as Salares Norte, La Coipa, Cerro Maricunga, Marte, Lobo, La Pepa, El Volcan, Caspiche and Cerro Casale Figure 2: Illustrates the four porphyry centres on the Santa Cecilia property
Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) joins me to recap the a couple news releases from December, including drill results from the Tajitos-Copala and Napoleon resource area, as well as a strategic investment in Prismo Metals.
Starting with the December 14th news release highlighting the drill results from the Tajitos-Copala resource area we discuss the importance of this area to the overall Panuco Project. The headline results was hole 205 intersecting 2,640 grams per tonne (g/t) silver equivalent (AgEq) over 5.30 meters true width (mTW) (2,101 g/t silver and 9.54 g/t gold), including 4,563 g/t AgEq over 0.58 mTW (3,080 g/t silver and 23.60 g/t gold.
We then focus on the strategic investment in Prismo Metals, who holds the Palos Verdes Project. This Project is to the east of Panuco. Mike explains the corporate strategy behind this investment which includes a right of first refusal to purchase the Palos Verdes Project.
If you have any follow up questions for Mike please email me at Fleck@kereport.com.
Click here to visit the Vizsla Silver website to read over the news releases we discussed.
Ed Moya, Senior Market Analyst at OANDA joins me to recap the Fed meeting and policy statement followed by the weak US economic data from last week. Looking into next year everyone continues to guess how many rate hikes will happen next year, if the Fed will start cutting during 2023 and if a recession is baked in. We also look at the China re-opening and what that means for markets and economic data.
Click here to follow along with Ed’s daily market thoughts.
Welcome to another KE Report Weekend Show!
As was expected this week, we had volatility post Fed meeting. After a 2+ month run higher for most markets we might have seen a top this last week further driving home that we are still in a bear market.
In this Weekend’s show I am joined by Dana Lyons and Jesse Felder to discuss their outlooks for next year in a wide range of markets. Dana is more short term while Jesse is focused on economic data that he thinks will drive markets.
Please keep in touch to let me know what you think of the show. I love hearing your thoughts on markets, our guests and the companies we have interviewed over the past week. My email address is Fleck@kereport.com.
- Segment 1 and 2 – Dana Lyons, Fund Manager, kicks off the show by sharing his outlook for US Markets, energy and commodities. Dana’s internal models have been very good at playing the bounces and warning when markets are about to turn. We also discuss what will most impact the markets in 2023.
- Click here to follow along with Dana’s trading strategies.
- Segment 3 and 4 – Jesse Felder, Founder and Editor of The Felder Report wraps up the show by focusing exclusively on next year and an environment where central banks pause and rate remain around current levels. He addresses current investor outlooks that fail to consider the different environment markets are in. We also discuss why he thinks no one seems to care about gold even after this 2 month run higher.
- Click here to learn more about the Felder Report.
Exclusive Company Interviews This Week
- Source Rock Royalties – A New Royalty Transaction In Saskatchewan And Record Q3 Financial Numbers
- TriStar Gold – Recapping 2022 News, Looking Ahead To Work In 2023 and Brazil Political Environment For Resources Companies
- Blackrock Silver – New High Grade Discovery At The Silver Cloud Project, Outlining Next Year’s Work at Silver Cloud and Tonopah West
- Astra Exploration – Now 100% Owner Of The Pampa Paciencia Project, Recapping The Exploration Plans
- Karora Resources – Q3 Operations Review, Growth Plans For 2023, And An Exploration Update
- GMG – Answering Your Questions On Graphene Production And Battery Advancements
- Metalla Royalty & Streaming – Royalty Acquisition On Barrick’s Lama Complex, East Of The Pascua-Lama Pit
- Libero Copper & Gold – Mocoa Project Update, First Copper Production In Colombia, New Agreement With Local Community And Exploration Updates
- District Metals – Historic Drill Results from the Svärdsjö Property Including 15.6 m at 13.3% ZnEq And Updates On Tomtebo and Gruvberget
Dana LyonsJesse Felder
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX) joins me to recap the December 14th news release highlighting historic drill results that the Company just received at the Svärdsjö Property, in Sweden. 3 areas are highlighted in the release, all with high grade zinc equivalent long intercepts. I ask Garrett if these results change the ranking order of the Company’s projects and when work needs to be completed to follow up.
In addition to the Svärdsjö results we also recap some soil sample results from the Gruvberget Property and look ahead to the work plans at the Tomtebo and Gruvberget Properties.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
Click here to visit the District Metals website to learn more about the Company.
Ian Harris, President and CEO of Libero Copper & Gold (TSX.V:LBC – OTCQB:LBCMF) joins me to recap a number of news releases updating us on the Mocoa Project, in Colombia. Throughout November and so far in December the Company has provided updates on exploration – that has expanded the potential size of the Mocoa deposit (released November 15), entered into an agreement with the local community (released November 29) and extracted copper from the Mocoa deposit that was the first copper ever produced in Country (released December 6).
We discuss all the news mentioned above as well as get an update on the Esperanza Project, in Argentina.
If you have any follow up questions for Ian please email me at Fleck@kereport.com.
Click here to visit the Libero website and read over all the recent news.
Craig Hemke, Founder and Editor of TF Metals Report joins me to share his thoughts on the market sell-off today. On the back of the Fed meeting and forecast of slightly more rat hikes we are seeing pretty much all markets drop today. Craig thinks the move in metals is for a different reason than the US markets. He also is projecting a quicker then expected shift by the Fed to rate cuts next year.
Click here to visit Craig’s site – TF Metals Report
Dave Erfle, Founder and Editor of the Junior Miner Junky joins me to recap the sell-off the day after the Fed rate hike. There’s a lot of red on the screen with markets down 2.5-3%, gold down around 1.5% and silver down 3.25%. It needs to be considered that the last 2 months have been strong and now we might have seen at least a short term top in those runs. Dave shares levels he is watching for GDX and GDXJ that if held would be a very strong sign.
Click here to visit Dave’s site – Junior Miner Junky.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins me to discuss the relationship between gold and the US markets. Investor sentiment is critical to follow which is why Jordan says history has shown us that when the US markets are in a secular bear market investors turn their attention toward gold and gold stocks. We discuss what secular bull and bear markets look like and how he is expecting next year to play out for US markets and gold.
Click here to visit Jordan’s site and keep up to date on his market outlooks.
Brett Heath, President and CEO of Metalla Royalty & Streaming (TSX.V:MTA – NYSE:MTA) joins me to discuss the December 12th news release announcing the acquisition of a couple royalties on Barrick Gold’s Lama Complex, in Chile. The royalty area (see the map below) is adjacent, to the east, of the Pascua-Lama pit. The acquisition encompasses an existing 2.5% to 3.75% gross value return (“GVR”) royalty on gold and silver, and a 0.25% to 3.0% net smelter return (“NSR” and together with the GVR, the “Royalties”) royalty on copper and other non-precious minerals, extracted from the majority of the Lama project.
We start by Brett providing a background on the Pascua-Lama asset which has been very up and down. Recently Barrick has committed up to $75 million at the Lama project with 10 to 12 drill rigs operating and studies are ongoing to evaluate the capital required to complete the mill and plant facilities in Argentina with a goal to target a development decision in 2024.
If you have any follow up questions for Brett please email me at Fleck@kereport.com.
Click here to read over the full news release.
Over the past few weeks I have received a lot of emails with questions for Craig Nicol, Founder and CEO of Graphene Manufacturing Group (TSX.V:GMG). These questions range are mostly focused on graphene production and the battery division of the Company. In this interview we focus solely on those questions to bring you all up to speed.
We start with questions on the Company’s graphene production. Graphene production data, scalability and possible competitors are just a few of the questions that we cover. We then move to the battery division with questions on future pouch pack data and the speed at which this technology is being moved forward.
If you have any follow up questions or if I missed a question you sent in please email me and I’ll get Craig to address those for you. My email is Fleck@kereport.com.
Click here to visit the GMG website to read over the recent news and learn more about the Company.
Oliver Turner, VP of Corporate Development at Karora Resources (TSX:KRR – OTCQX:KRRGF) joins us to review the Q3 2022 operations and some guidance for 2023 as it relates to their gold and nickel operations in Western Australia. Third quarter 2022 consolidated gold production was a record 38,437 ounces, beating the previous record set in Q2 by 25%. Production for the first three quarters of 2022 was 96,578 ounces, placing Karora in a strong position to deliver on improved full year consolidated 2022 gold production guidance of 120,000 to 135,000 ounces. Adjusted earnings of $6.6 million, or $0.04 per share for the third quarter of 2022, increased by $2.0 million compared to the prior quarter and consolidated all-in-sustaining-costs (AISC) per ounce sold improved to US$1,069, a 10% decrease compared to second quarter 2022 AISC of US$1,190, and a 23% decrease over the first quarter AISC of US$1,396.
We review the aggressive growth plans for production over the next few years, as the company has now got a 2nd mill in operations, and has ongoing work developing it’s twin decline ramp into the Beta Hunt mine, which will allow more throughput through the mill, and projected guidance for 150,000 – 170,000 ounces for 2023, and then 185,000-205,000 ounces by 2024. 80% of the producing operations will continue to come from the Beta Hunt gold-nickel mine, and the balance will come from the Higginsville Gold Operations and the new contributions from the Spargos deposit which just came online in Q4 of 2021. One area that may positively impact cost estimates is the increasing value of the nickel as co-credit to the gold at Beta Hunt, and we spend some time reviewing the PEA put out for a “nickel mine within a gold mine” based on the exploration and development success at the 30C & 50C & 4C nickel showings being referred to as the Gamma Block, south of the Gamma Fault.
We wrap up having Oliver reviewing the exploration success at Beta Hunt and Higginsville from the $20 million exploration program in 2022, which was the largest drill program at all projects in over 12 years. There were several new or developing key areas of interest at multiple properties as well as some as new discovery at the Mason Zone extending the mineralization around the Western Flanks area, that we dive into for more details.
Please email us with any questions for Oliver regarding Karora Resources. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
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Click here to read over the Karora Resources News
Brian Miller, CEO of Astra Exploration (TSX.V:ASTR – OTCQB:ATEPF) joins me to recap the recent news where now the Company holds 100% interest in the Pampa Paciencia Project in Chile. The Company originally held an 80% interest in the Project. This leads into a recap of the exploration undertaken this year, including select drill results, and a look into the exploration plans for 2023.
If you have any follow up questions for Brian please email me at Fleck@kereport.com.
Click here to visit the Astra Exploration website and read over the recent news.
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to focus on the now 2 month long rally in markets. We discuss breadth (which is getting high), volatility (which has seen volume significantly decline), short players and what they need to be aware of and simple price levels. It all plays into the outlook for next year which could be much more choppy, sideways movement as central banks stop hiking rates.
Click here to visit TG’s site – Profit Pilot.
Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF) joins me for a focus on the Silver Cloud Project, in Nevada, and the three hole drill program that resulted in a high grade discovery. Hole 20 intersected 52.6g/t gold and 606g/t silver over 1.5 meters at the Northwest Canyon Target. This was the only hole from this year’s program drilled into this target.
I have Andrew provide a background on the Silver Cloud Project, including the past work, done by other companies, that lead to the targeting of Hole 20. We discuss the follow up work that is needed to expand and learn more about the Northwest Canyon discovery. I also ask Andrew how the Company will balance follow up work at Silver Cloud as well as continuing to expand on the resource at the Tonopah West Project and a new lithium discovery.
If you have any follow up questions for Andrew please email me at Fleck@kereport.com.
Click here to visit the Blackrock Silver website to read over the recent news we discussed.
Nick Appleyard, President and CEO of TriStar Gold (TSX.V:TSG – OTCQX:TSGZF) joins me to recap the key news from this year, the work plans for 2023 and update us on the environment for resources companies in Brazil after the October election. All of this is related to the Company’s Castelo de Sonhos Project in Brazil.
Starting with the 2022 recap, the Company submitted a major environmental permit, raised $5million from Auramet Capital Partners, conducted exploration drilling on the Project (still waiting for those results) and hired a Chief Operating Officer to continue to move the Project toward development.
For 2023 that focus will be on permitting and further refining the PFS, released in 2021. We also discuss the new political environment in Brazil after the October election and what it means for exploration and mining companies in Country.
If you have any follow up questions for Nick please email me at Fleck@kereport.com.
Click here to visit the TriStar Gold website and keep up to date with the Company’s news.
John Rubino, Founder of the Dollar Collapse website, joins us to outline some of the key market trends from nations trying to trade around the Petro-Dollar, shifting concerns from accelerating inflation to accelerating contraction, central bank debt servicing, and changing realities in the energy sector. This is a wide-ranging discussion that gets into changing trading alliances with BRICS nations as it relates to oil, nat gas, gold, nuclear power, solar power, foreign currencies, and the coming demand destruction as the global growth slows moves into 2023.
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Click here to visit the Dollar Collapse website.
Brad Dochery, Founder, President and CEO of Source Rock Royalties (TSX.V:SRR) joins us to discuss a new acquisition and to recap Q3 financial numbers in this newer small cap pure play oil and nat gas royalty company focused in Alberta and Saskatchewan. We start off the specific details around the closing of the acquisition of a 2% gross overriding royalty (GORR) in approximately 6,400 net acres (10 sections) of land in S.E. Saskatchewan, operated by Anova Resources Inc., and Elevation Oil & Gas Limited. 8 horizontal wells were recently drilled on the GORR Lands, and 4 of these wells began producing over the month.
As part of the purchase of the GORR, Source Rock has received a drill commitment for 15 additional net horizontal wells to be drilled on Source Rock’s royalty lands prior to December 31, 2024. Source Rock is entitled to $125,000 in damages for each Drill Commitment Well not drilled before the Drill Commitment Deadline. This brings up a larger discussion with Brad, of how Source Rock Royalties structures it’s partner royalty deals, and how they are positioned in the overall energy royalties space.
The Company just released record third quarter numbers on Nov 29th, as highlighted below:
- Quarterly royalty revenue of $1,554,910, an increase of 34% compared to Q3 2021.
- Quarterly Adjusted EBITDA of $1,219,346 ($0.027 per share), an increase of 21% compared to Q3 2021.
- Quarterly funds from operations of $1,115,225 ($0.025 per share), an increase of 11% compared to Q3 2021.
- Quarterly royalty production averaged 160 boe/d (92% oil and NGLs), a decrease of 6% compared to Q3 2021.
- Paid a quarterly dividend of $0.015 per share, resulting in a payout ratio1 of 60%.
- Achieved an operating netback of $82.84 per boe and a corporate netback of $75.76 per boe.
- Ended Q3 2022 with a cash balance of $16,283,684 ($0.36 per share), an increase of 5% from June 30, 2022.
If you have any further questions regarding Source Rock Royalties, or want more information on any aspect of the Company, then please email us at Fleck@kereport.com and Shad@kereport.com.
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Click here to visit the Source Rock Royalties website to learn more about the Company.
Ed Moya, Senior Market Analyst at OANDA joins us to first look ahead to the inflation data and central bank meetings this week. This is the last full week of trading for the year and with 9 central bank meetings and inflation on tap, we will most likely see a lot of volatility. We also discuss the Reuters story reporting the the US Justice Department might be pursuing charges against Binance. It’s another negative story for the crypto sector but the price of Bitcoin is slightly up today. We end with a quick comment on the energy sector.
Click here to follow along with Ed’s daily market notes.
Jeff Christian, Managing Partner at the CPM Group joins us to recap the volatile price action for gold and silver in 2022. Current prices are pretty much the same as where they started the year. Jeff refers to this year as a year of consolidation. We outline what this means for next year and the key catalysts for 2023.
Click here to learn more about the CPM Group.
Welcome to this week’s KE Report Weekend Show! On this Weekend’s Show we are focusing on the resource sector by first chatting with 2 fund managers detailing how they are managing their fund’s portfolio, followed by a dive into the energy sector.
Please keep in touch with Shad and I through email. We love hearing what you think of our guests and the companies we featured throughout the week. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 – Matt Geiger, Managing Partner at MJG Capital joins us to first recap his portfolio strategy this year, which has been less transactions. We discuss his outlook for gold, silver and base metal stocks. A couple trends we have seen recently in the sector include larger financings (for select companies) and Yukon being a popular jurisdiction.
- Click here to visit the MJG website.
- Segment 2 – Tavi Costa, Portfolio Manager at Crescat Capital is up next with a very different portfolio strategy. We focus on Crescat’s Precious Metals SMA Fund where the team has completed 90 investments in the last 2 year. This strategy is focused on small cap, early stage exploration companies that are high risk and high reward. We also discuss how Crescat balances out risk and reward when making investments.
- Click here to learn more about Crescat Capital.
- Segment 3 and 4 – Dan Steffens, President of The Energy Prospectus Group wraps up the show by shifting our focus to the energy sector. We quickly recap the the marco landscape then move to the oil and gas stocks. Dan shares a number of companies ranging from large cap sector leaders down to small scale production, many with near term growth plans.
- Dan has provided all of you with a special $100 discount when signing up for the Energy Prospectus Group. Enter “CF100” when signing up. Click here to visit the Energy Prospectus Group
Exclusive Company Interviews This Week
- Metalla Royalty & Streaming – Acquisition Of A Silver Focused Royalty Portfolio From First Majestic Silver
- Aztec Minerals – Drill Results Continue To Expand The California Zone At The Cervantes Project, Mexico
- FPX Nickel – $12 Million Investment From A New Corporate Strategic Investor
- Rupert Resources – A Dive Into The Ikkari PEA and What Comes Next
- Heliostar Metals – A Major Acquisition Of A Gold Portfolio In Mexico
- Kodiak Copper – A New Gold-Silver Discovery, Beyer Zone, On The MPD Project
- Silver X Mining – Comprehensive Update On Production Growth, Revenue Growth, and Resources Growth
- Awale Resources – New Targets On The Odienné Project and An Update On The Colossal Gold Acquisition
- Calibre Mining – Exploration Focus Fueling Development And Grade-Driven Production Growth
- Fathom Nickel – Comprehensive Company Update At The Gochager Lake And Albert Lake Projects
- Electric Royalties – Forecasting Cash-Flow Positive Next Year, Updates On The Royalty Portfolio
Matt GeigerTavi CostaDan Steffen
Brendan Yurik, CEO of Electric Royalties (TSX.V:ELEC – OTC:ELECF) joins us for a broad update on the Company’s royalty portfolio and revenue forecasts into next year. With a focus on royalties linked to electrification and EVs, the Company is looking to next year to be cash-flow positive.
We start by having Brendan look ahead to next year by sharing his revenue forecasts and the royalties that are in production, moving toward production next year, and under an acquisition agreement. We also isolate a couple of the larger royalties that have the potential to generate large royalty revenue. These have a longer time-frame to possible cash-flow.
If you have any follow up questions for Brendan please email us and we will get those answered. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Electric Royalties website and read over the recent news.
Ian Fraser, CEO and VP of Exploration at Fathom Nickel (CSE: FNI) (OTC: FNICF), joins us for a comprehensive company update of the work being done to advance both the Gochager Lake Project and the Albert Lake Project. We start off when getting an update on why the Company acquired the Gochager Lake Nickel Project for it’s known historic nickel – copper – cobalt – platinum – palladium – gold mineralogy, and the recent news that the company expects their permits for exploration to come in by Jan 23, 2023, allowing work to commence in early February. One of the first things the company wants to do is twin an old historic hole with 290 meters of mineralization, utilizing bore hole EM drilling, but also focusing on assaying more for cobalt, PGEs, and gold since those were not properly accounted for in the past exploration.
Next we focus on the Company flagship Albert Lake Project in Saskatchewan, which has seen most of the past work around the Rottenstone Mine area. However, there has also been recent exploration success in stepping out to the emerging Bay-Island Trend and Tremblay-Olson Trend, showing this is a very well-mineralized nickel – copper – PGEs district. We discuss some of the recent work the company has been engaged with in 2022 on these targets, and look ahead to the work programs targeted for 2023.
If you have any follow up questions for Ian regarding Fathom Nickel, then please email us at either Fleck@kereport.com or Shad@kereport.com.
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Click here to visit the Fathom Nickel website to learn more about the Company
Glen Parsons, President and CEO of Awale Resources (TSX.V:ARIC) joins me to update us on the new targets generated on the Odienné Property, where Newmont is earning into a JV. I also have Glen provide an update on the update of the Colossal Gold acquisition which is bringing in projects in Suriname.
The new targets were generated out of an IP survey which delineated a copper-gold 4km long anomaly. Glen outlines the plans for drilling starting next year.
If you have any follow up questions for Glen please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Awale Resources website.
Dave Erfle, Founder and Editor of The Junior Miner Junky joins me to focus on the rally in gold, silver and the underlying stocks. We outline the positives, potential headwinds and what to watch on the charts. I also have Dave share his investing strategy for a long term investor in the sector.
Click here to learn more about Dave’s newsletter – The Junior Miner Junky.
Sebastian Wahl, VP of Corporate Development and Director of Silver X Mining (TSX.V: AGX) (OTCQB: AGXPF), joins us for a comprehensive update on operations and exploration at the Nueva Recuperada Project in the prolific Huancavelica silver belt, in central Peru. We start off by discussing the production output from the operations at the Tangana Mine, where the company is generated record quarterly operating revenues of $5.5 million, representing a 73% increase from previous quarter and record quarterly operating earnings attained of $2.0 million.
We also reviewed the record monthly silver equivalent ounces processed in August of 195,039, and the low cash costs of $11.0 per silver equivalent ounce, and All-In-Sustaining Cost (AISC) of $15.8 per AgEq ounce produced. This comes back to the quality of the ore, the experience of the operations team, and the significant co-credits from both gold and base metals from the Tangana Mine area.
Next shifted over to exploration and expansion of resources, not just around the Tangana Mine, but also at the Esperanza Project and developing Plata Mine, and at other regional targets. There will be coming resource updates, not just in size but in quality of the resources next year, as well as a coming PEA for moving Plata towards production in 2024. The company sees a trajectory of ongoing production growth, revenue growth, and resource growth moving into next year.
If anyone has any questions for Joes on Silver X Mining, then please email us at either Fleck@kereport.com or Shad@keport.com.
Silver X Mining News
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the weak start to the week for markets. After Jerome Powell’s comments last week, that the markets rallied hard on the back of, we have seen markets correct back to those levels in just a couple days. It looks like the markets simply ran out of buyers. We discuss what data could move markets this month and even if the markets close off the lows of the year what it means for investor mentality heading into next year.
Click here to visit Joel’s PreMarket Prep website.
Claudia Torquist, President and CEO of Kodiak Copper (TSX.V:KDK – OTCQB:KDKCF) joins us to recap the December 5th news release highlighting a new gold-silver discovery on the MPD Project in southern BC, named the Beyer Zone. This discovery has been made through recent trenching after the surface samples from earlier in the year yielded high grade gold.
We have Claudia recap the work completed to date on the new discovery and the plans into next year including drilling. We also discuss how this new discovery fits in with all the other targets and discoveries on the MPD Project. With around $8million in the bank the Company has sufficient working capital to test many of the targets next year. Plus about 2/3rds of the 25,000 meter drill program from this year are still at the assay labs.
If you have any follow up questions for Claudia please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release.
Figure 2: Beyer Zone Trench location map. New high-grade gold-silver discovery is situated 400 m south of the historic Man Zone and central to a gold-in-soil trend identified from Kodiak soil sampling 2019-2021 (background), measuring 2200 metre long (north-south) and 750 metre wide (east-west)
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins us to discuss the acqusition of the Ana Paula Project and options agreement on the San Antonio Project. Here are some of the highlights of the transaction.
- Ana Paula is permitted for an open pit mine with measured and indicated (M&I) mineral resources of 1.46 Moz gold at 2.17 g/t gold and 3.27 Moz silver at 4.8 g/t silver1
- San Antonio is a high grade oxide resource containing M&I mineral resources of 1.73 Moz of gold grading 0.83 g/t gold2
- The purchase price for Ana Paula is US$10.0M cash. Subsequent milestone payments, are comprised of US$10.0M of cash payments and US$10.0M of cash or share payments.
We review each project with Charles including the initial work plans. We also discuss how these assets along with the Unga Project, in Alaska, fit into the overall corporate strategy.
If you have any follow up questions for Charles please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release outlining the acquisition.
James Withall, President and CEO of Rupert Resources (TSX.V:RUP – OTCQX:RUPRF) joins us to recap the PEA on the Ikkari Deposit, in Finland, released on November 28th. We focus on the key production and financial numbers that present a highly economic deposit at a $1,650 gold price.
Here are a number of data points we discuss.
- Phased mine plan optimizing near-term cash flow: Open-pit operation at Ikkari in first 11 years, transitioning to Ikkari underground (years 10-23) and Pahtavaara concentrate (years 12 to 24).
- Robust returns and fast-track to payback: After-tax Net Present Value (“NPV”) (5% discount) of $1.6 billion with unlevered Internal Rate of Return (“IRR”) of 46% and payback after only two years, assuming a gold price of $1,650 per troy ounce (“oz”).
- Long life: 22-year life of mine (“LOM”) includes recovered gold of 4.25 million ounces with average annual production of 200,000 ounces. Open pit operation is expected to support average annual production of 220,000 ounces in years one to 11.
- High margin production profile: Expected lowest quartile all-in sustaining cost (“AISC”) of $759/oz over LOM, and $596/oz during open-pit operation. Low sensitivity to cut-off grade and low initial strip ratio.
Since a PEA is a snap shot in time we also have James outline what comes next for the Company and asset. We also discuss the permitting path now that a PEA is released.
If you have any follow up questions for James please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Rupert Resources website to read over the full news release and accompanying presentation.
Martin Turenne, President and CEO of FPX Nickel (TSX.V:FPX – OTCQB:FPOCF) joins us to recap the November 29th and December 2nd news release highlighting a $12million investment from a new corporate strategic investor. Martin couldn’t share too many details on the investor but we do get some information on how the funds will be allocated moving forward.
Some of the key news upcoming including drill results from the Van Target and the commissioning of a pilot plant.
If you have any follow up questions for Martin please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the FPX website and learn more about the Decar Nickel District Property.
Kenton Toews, Founder of Youxia Crypto joins us to share his thoughts on the recent slew of bad news out of the crypto world focused around the FTX bankruptcy. Kenton has a very unique outlook on crypto come initially from the gold market, as a broker at Sprott Asset Management, and now in the process of starting up a crypto fund.
We start with the FTX bankruptcy and how it further shows that de-centralization should be the focus for the sector. This ties into areas where Kenton sees opportunity in the crypto world. We then move to a much broader discussion on the types of investors in crypto and how the similarities and differences between gold investors. This is a wide ranging discussion.
Click here to learn more about Youxia Crypto.
Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT – OTCQB:AZZTF) joins us to recap the November 30th news release reporting drill results from the California Zone at the Cervantes Project in Mexico. The results continue to yield wide intercepts of gold mineralization from surface. The headline hole yielded 114meters of 0.73g/t gold.
We have Simon recap the growth of the California Zone expanding at depth and to the north. We also ask about any high grade areas that have been isolated from all the drilling to date, this is called California Central (look to the drill progress map below for a summary of the drill results). We then look ahead to the plans for next year, which is not fully planned, but Simon says meters will continue to increase next year. There are some other targets outlined in the news release which we have Simon elaborate on.
If you have any follow up questions for Simon please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Aztec Minerals website and read over the full drill results news release.
Brett Heath, President and CEO of Metalla Royalty & Streaming (TSX.V:MTA – NYSE:MTA) joins us to recap the November 28th news release reporting an acquisition of a silver royalty portfolio from First Majestic Silver. In total 8 royalties were acquired for $20million is shares, which totals 4,168,056 common shares of Metalla and makes First Majestic a 8.5% shareholder. Of these 8 royalties, 1 is in production, 4 are near term development assets, and 3 are exploration assets.
We have Brett outline how this acquisition came together and the importance of adding these silver royalties to the overall portfolio. We dive into the production and development royalties. We also recap the recent Q3 financial results and where growth will come from next year.
If you have any follow up questions for Brett please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Metalla website and read over the news release highlighting the transaction.
Welcome to this Weekend Edition of the KE Report. We spend time with Axel Merk and Richard Postma. The focus is on next year’s outlook for metals and markets. We consider where inflation will be, what the Fed is going to do and if a recession is truly coming.
Please keep in touch with Shad and I by emailing us your thoughts on the markets as well as the guests and companies you would like to see on the show. Our emails are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Axel Merk, President and CIO of Merk Investments joins us to share his outlook for 2023. We start by recapping the market pullback this year and how that needs to play into outlooks for next year. We then move to Fed policy as tied to inflation, interest rates throughout the year and the impact on metals and markets. Overall we are now in a very different environment for investors.
- Click here to learn more about Merk Investments.
- Segment 3 and 4 – Richard Postma, AKA Doc, provides his monthly recap of the precious metals markets and what he is expecting for the long term trend. We also look at the gold and silver stocks, both majors and juniors.
Exclusive Company Interviews This Week
- Troilus Gold – Strengthening Balance Sheet Through A $50 Million Transaction With Sayona Mining, And High-Grade Drill Hits From The Connector Zone
- CO2 Lock Corp – 2023 Plans Including Testing and Possible New Project Acquisitions
- Snowline Gold – Step Out Drill Results From The Valley Zone Intersecting 1.45 g/t Gold Over 285.2 m, Including 2.48 g/t Gold Over 128.2 m From Bedrock Surface
- Aurion Resources – Exploration Update From The Helmi JV With B2Gold And From the Risti Property Targets
- InPlay Oil – Comprehensive Update On Oil Production Growth, Reserve Growth, Debt Repayment, New Dividend Policy, and Share Buybacks
- American Copper Development – A New Company Focused On The Newly Consolidated Lordsburg Project, A Well Known Management Team And Money In The Bank
- Wallbridge Mining – 2022 Exploration Recap at Fenelon and Martinière, Along With A Spinout Of Nickel Assets Into Archer Exploration
- Allied Copper – More Information On The Volt Lithium Acquisition
- SilverCrest Metals – Debt Package Refinanced, More Financial Freedom, Possible GDX Inclusion And the Shift In Shareholders
- Blackwolf Copper and Gold – Permit Received For The Hyder Properties, Drill Plan For Next Year, Niblack Property Resource Update Coming
- Petrus Resources – 2023 Will Be A Big Year Of Production Growth And Increasing Free Cash Flows
- Fireweed Metals – Lundin Family Leading A $35 Million Financing, Initial Results At Boundary West The Best Ever On The Project
- Torq Resources – Drill Results Expand The Falla 13 Discovery To 800 Meters, At The Margarita Project
Axel MerkDoc
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review why some junior mining stocks are not moving despite the continued rally in gold, silver, and the precious metals producers. We discuss that quite often the value drivers of earlier-stage explorers in the junior mining sector have little in common with the specific direction of the underlying metals price action or even whether it is a bull or bear market.
We get into the current environment we are in here in tax loss selling season, where a junior can pop or drop by 10% or 20% on no fundamental news and even if metals are flat on the day, just because larger investors are getting into or out of positions as their rebalance their portfolios into lower volume. Erik also pointed out that the best offense and defense for him has been consistently buying into the weakness when he felt valuations were cheap. He clarified that a stock being cheap is not equal to the last day of selling or a bottom in a stock, so if it continues to fall it is just varying degrees of absurdity.
As the sector gets more absurd, volatility is the only currency he uses to capitalize on market inefficiencies. He reiterated that most investors have been shooting themselves in the foot by only trying to find stocks that will no longer go down anymore, and then are stuck chasing rallies to the upside, having sacrificed many multiples of gains that could have been had if they were just comfortable with the idea that the stock could still go a bit lower after buying a cheap valuation.
*In full disclosure, some of the companies mentioned by Erik, such as (IAU) (IAUX) I-80 Gold Corp in this interview, are personal positions in his portfolio and may be covered or site sponsors on The Hedgeless Horseman website.
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Click here to visit Erik’s site – The Hedgeless Horseman
On November 28th Torq Resources (TSX.V:TORQ – OTCQB:TRBMF) announced another round of drill results from the Falla 13 Discovery on the Margarita Project in northern Chile. These results expand the copper-gold mineralization to 800 meters.
Shawn Wallace, Executive Chairman of Torq Resources and Michael Henrichsen, Chief Geologist join me to recap the phase 2 drill program and the latest results. There are a couple Figures below from the news release for you to follow along. The team is already planning a follow up program at the Falla 13 area as well as to test some new targets.
We wrap up with a quick comment on the Santa Cecilia gold-copper Project where field work has begun and drilling will start shortly.
If you have any follow up questions for Shawn or Michael please email me at Fleck@kereport.com.
Click here to visit the Torq Resources website to read over the full drill results news release.
Figure 1: Illustrates drill highlights from the second phase of RC drilling at the Falla 13 discovery zone. Figure 4: Illustrates a long-section along the Falla 13 discovery with a view to the east. Importantly, high-grade mineralization appears to have a flat lying geometry that is generally located between the contact between dacitic volcanic rocks that overlay a diorite and monzodiorite intrusive complex. A second lower structure encountered lower grades within the phase 2 drill program and demonstrates the potential for parallel structures to be mineralized.
Over the past 2 weeks Fireweed Metals (TSX.V:FWZ – OTCQB:FWEDF) announced the first round of drill results from the Boundary West zone (November 22nd), which yielded the best intercept to date on the Project, a $27 million financing being lead by the Lundin family (November 29th), then up-sized the financing to $35 million (November 30th).
Brandon McDonald, CEO of Fireweed Metals joins us to recap all the news starting with the financing. We discuss how the deal with the Lundin family came together and what the money will be used for in terms of exploration next year.
We then move to the initial drill results at the Boundary West area on the MacMillian Pass Project, in Yukon. A focus is on Hole 2 which “intersected high-grade massive sulphides and veins: 124 m of 12.3% zinc, 1.3% lead, and 45.9 g/t silver including 60 m of 19.0% zinc, 1.6% lead, and 64.7 g/t silver, the best ever intersection recorded anywhere at Macmillan Pass, in terms of grade x thickness.
If you have any follow up questions for Brandon please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Fireweed Metals website to read over the full news releases.
Craig Hemke, Editor of TF Metals Report, joins us to review the recent pop in the precious metals on the back of Jerome Powell’s press conference yesterday, and points out the similarities to 2018-2019 when the expectations and messaging were for the Fed to keep hiking aggressively, only for them to pause, pivot, and start cutting rates in mid 2019. We noted that Powell is simply doing what he said was the trajectory back at the September meeting, but markets interpreted his comments yesterday as having more of a dovish tone and signaling moderating the pace of the rate hikes starting December.
Craig also points out that with this recent rally in both gold and silver, that they are quite close to taking out their 2021 annual closes at $1829 and $23.38 respectively. Making a new annual closing high in 2022 is not something most market participants or technicians have been calling for, but it is in the realm of possibilities at this point. Another potential mover could be China starting to open it’s economy back up in 2023, and that could be a tailwind for the commodities and PMs. We wrap up discussing whether a rebound in the US dollar or interest rates, could end up reversing the recent uptrend in most markets, as well as looking forward at the jobs report tomorrow.
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Click here to visit Craig’s site – TF Metals Report
Robert Sinn, aka Goldfinger, editor of Energy & Gold, joins us to review the recent bounce even higher in the precious metals sector and his trading strategies around tax loss selling silly season. We start off reviewing recent moves in gold and silver off key technical support levels and through key technical resistance levels, and the generally better set up for the PM sector.
We then shift over to trading strategies he is deploying for tax loss selling, and we discuss 2 companies that have his attention as good candidates; Aurion Resources (TSX.V: AU) (OTC: AIRFF) and Amex Exploration (TSX.V: AMX) (OTC: AMXEF).* We wrap up with the importance of finding good companies that are cashed up to do meaningful work next year, and the pitfalls of chasing popular cult stocks when looking at year over year performance.
- In full disclosure, both Aurion Resources and Amex Exploration are sponsors of Robert’s platform and he has positions in them. Additionally, Aurion Resources is a sponsor of the KE Report, and Shad has a position in Amex Exploration.
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https://ceo.ca/@goldfinger
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http://energyandgold.com/
We are joined by Ken Gray, President and CEO, and Matt Skanderup COO of Petrus Resources (TSX: PRQ) (OTC: PTRUF), for a review of 2022 operations and financials, and a look forward into production and financial growth for 2023.
We start off by getting a recap of the 2022 capital program, and some guidance for growing free cash flows for 2023, as production growth will be expanding. The company has drilled 15 oil and gas wells, at both the flagship Ferrier liquids-rich Cardium gas play and Ferrier North in Alberta. The company is anticipating a 75% increase in production in 2023 over 2022, and projects it will be producing 13,000+ BOE per day on average by next year. There is also anticipated 65% increase in free cash flows projected for next year, equating to $140-$150Million annually. The plan is to start working through more debt next year, and the work budget is slated to be in the $130-$135Million for 2023.
Ken outlines that this large growth profile heading into next year is what distinguishes Petrus Resources from other oil and nat gas companies in the sector, and Matt outlines some key news and company milestones for investors to keep tabs on as we turn the calendar over to 2023.
If you have any questions for Ken or Matt with regards to Petrus Resources, then please email us at either Fleck@kerport.com or Shad@kereport.com.
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https://www.petrusresources.com/news
Dana Lyons, Fund Manager, joins us to initially comment on the continued move higher in gold and silver, which picked up momentum in the last 24 hours. He shares his trading strategy as well as longer term outlook.
A key point is made in the second half of the interview were Dana going back over a decade to address what seemed like a never ending bull market for US markets. When a bull market gets that extended it takes a long time, much longer than simply 1 year, to work off the excesses.
Click here to visit Dana’s website – The Lyons Share.
Rob McLeod, President and CEO of Blackwolf Copper and Gold (TSX.V:BWCG – OTC:BWCGF) joins us to provide an update on the just received drill permit for the Hyder Area Properties, in southeast Alaska, in the corner of the Golden Triangle. This permit took a little longer to be received which pushed back drilling to next year’s exploration season. We focus on the targets and drill plans for next year.
We also touch on the Company’s flagship Niblack Project, Prince of Wales Island in southeast Alaska, which has an update resource coming. We discuss what is being incorporated into this update.
If you have any follow up questions for Rob please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Blackwolf Copper and Gold website.
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins us to recap the November 29th new release announcing the restructuring of the Company’s debt package. As Chris outlines, this new debt package lowers the overall interest rate and provides more financial flexibility to repay or draw on the debt.
We also discuss a couple bigger picture items including a possible GDX inclusion, the short position in the stock and the shift in the types of investors coming into the stock now that commercial production has been declared. There was also news released on November 30th outlining the release of the the Company’s inaugural Task Force for Climate Related Financial Discloser and Water Stewardship Reports. This was all about ESG.
If you have any follow up questions for Chris please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the SilverCrest website to read over the recent news.
Back on October 31st, Allied Copper (TSX.V:CPR – OTCQB:CPRRF) announced an agreement to acquire a private lithium company, Volt Lithium. Just last week the Company reported additional financial and technical information on the deal. To get some more information on the deal and the strategy in the lithium space I am joined by Alex Wylie, President and CEO of Volt Lithium and incoming President of Allied Copper when the acquisition closes.
We kick off by recapping the background of Volt Lithium and Alex’s history in the resource sector. This then ties into a discussion on the overall strategy for lithium, where the Company will enter into production agreements with oil and gas companies to extract the lithium. As Alex outlines there is potential for the Company to produce lithium by the first half of next year. We also discuss how the move to lithium will be balanced with the Company’s current copper assets, that are awaiting assay results.
If you have any follow up questions for Alex please email me at Fleck@kereport.com.
Click here to visit the Allied Copper website to catch up on the recent news.
Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us for a wide-ranging discussion recapping the macroeconomic environment in 2022, and the factors driving various market sector trends heading into 2023. This is a wide-ranging discussion getting into the US Dollar, interest rates, general US equities, Gold, Oil, battery metals, cryptocurrencies, home prices, and much more. We dig in a bit more to the pitfalls in some newer investors market psychology within the current bear market in general US equities, and global equity markets. Nick discusses what kinds of signals to look out for in the event of a larger capitulation event.
With the ongoing pressure on the wealth effect in investors portfolios and in home prices, coupled with cracks under the surface in the labor markets, we then discuss the nuances of this stagflation environment and how we are likely mid-way through an evolving recession. Next we review the recent crypto crash, and whether or not the “crypto soldiers are in fact training to be in the gold army.” We wrap up with a look forward into next year, where Nick still sees weakness in tradition tech stocks and the FAANGS, but is more constructive on consumer staples, utilities, gold, and energy metals like lithium, uranium, and helium with strong fundamental drivers.
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https://digestpublishing.com/
Marz Kord, President and CEO of Wallbridge Mining (TSX: WM – OTC: WLBMF), joins us to review the key exploration and development progress made in 2022 at their flagship Fenelon Project, and the Martinière Project, along the Detour-Fenelon trend, in Québec.
We recapped some of the reasons the maiden Mineral Resource Estimate released November 9, 2021 was not as well-received, and that company spent this year shifting focus to drilling deeper with a more intense focus on ounces per vertical meter, moving towards a higher grade bulk-mineable underground mining scenario. We have Marz outline that it has not been about growth of low grade ounces just for growth’s sake, but rather where there is opportunity to expand the high-grade resources, replacing low grade ounces, through more drilling at depth. The key upcoming milestones are this update to the resource estimate in Q1 2023, and then a PEA highlighting the higher-grade bulk-mineable underground mining economics, with support from several satellite open pits at surface.
We wrap up with the recent news from Nov 17th about the spinout of the Company’s nickel assets, that had not been getting any work for years, into Archer Exploration (CSE: RCHR), for an accretive transaction for shareholders. The transaction provided Wallbridge with 66,211,929 common shares of Archer with an aggregate deemed value of approximately $53.6 million (valued using the July 12, 2022, closing price of the Archer Shares), and includes retention of a 2% net smelter royalty on production from the Grasset project. Marz reiterated the company focus is on gold exploration and development along the Detour- Fenelon trend.
If you have any questions for Marz regarding Wallbridge Mining, then please email us at either Fleck@kereport.com or Shad@kereport.com
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https://wallbridgemining.com/news/2022/
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to recap the positive moves this month in gold, silver and the underlying junior stocks. We also look at the drop the US Dollar. The change in direction this month is encouraging but now we have to focus on if this is a true tend change. We also get Jordan’s thoughts on the types of juniors stocks he likes in this market.
Click here to visit Jordan’s site – The Daily Gold
I was introduced to American Copper Development Corp (CSE:ACDX) back in October at the New Orleans Investment Conference. The Company went through a name change and reorganization back in August, amalgamated the Lords burg Project in New Mexico and raised $10million (completed without a warrant).
Dan Schleber, President and CEO of American Copper Development joins us to introduce the Lordsburg Project starting with the history of how the Project was amalgamated from 3 individual projects. We then discuss the exploration plans that include an ongoing IP survey and drilling starting in January. We also recap a couple key management members and shareholders.
If you have any questions for Dan or would like any additional information on the Lordsburg Project please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the American Copper Development website and read over the Corporate Presentation.
Doug Bartole, CEO and President of InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF), joins us for a comprehensive update on the key projects, the oil production growth, reserves, and free funds flow, and how the Company returned value to shareholders for a record year in 2022.
We start off with a review of the production growth from InPlay’s Cardium oil and gas assets are located in West Central Alberta, as well as the large growth in reserves on a per share basis. Next we pivot over to the financial strength of the balance sheet; and how the company has been aggressively paying down debt, and is on track to be debt free by Q2 of 2023. Then we shifted to the high potential for another acquisition of a new project, and highlighted the return to shareholders through the new inaugural dividend and ongoing share buybacks.
If you have any further questions for Doug regarding InPlay Oil, then please email us at either Fleck@kereport or Shad@kereport.
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https://www.inplayoil.com/news/news-releases
Dave Erfle, Founder and Editor of the Junior Miner Junky, joins us review the more volatile moves in the gold stocks compared to other sectors, and the technical levels and economic data he is watching in the near-term. As we get ready to close up the month of November, it appears gold will be putting in a green monthly candle, after 7 prior red monthly candles. In addition, both GDX and GDXJ have broken up to higher levels which is a more bullish overall posture.
There is also a number of key economic reports coming out over the next few days with the Q3 GDP, JOLTS Report on job openings, PCE inflation data, ISM PMI manufacturing, Powell’s address, and the Non-Farm Payroll Report for jobs data. We should expect a lot of chop and market volatility on the back of all this data, as investors assess what it means for Fed policy moving forward and the health of the economy. Other key factors moving the markets have been concerns over the China reopening from its repressive Covid policies, the large increase in central banks buying of gold recently, and the trend of more countries exchanging gold for oil, bypassing the petrodollar.
We wrap up by discussing what factors will get more generalist investors interested in the PM sector, and how the crypto crash will not be a headwind on the next move higher, but how it could be a tailwind. Dave outlines some strategies he looks for with volumes and daily trading candles to signal that the majority of tax loss selling may have been exhausted in junior mining stocks, and when and where he likes to add to positions within his portfolio.
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Click here to learn more about Dave’s newsletter – The Junior Miner Junky.
Erik Wetterling, The Hedgeless Horseman, reviews recent news from Eloro Resources (TSX.V: ELO) (OTC: ELRRF) and Brixton Metals (TSX.V: BBB) (OTC: BBBXF).
Desmond O’Kell, Senior Vice President of Enterprise Group (TSX: E) (OTC: ETOLF), with a comprehensive overview of the company strategy, key business segments, financials, and opportunities in the evolving power systems market.
Don Simmons, CEO of Hemisphere Energy (TSX.V:HME – OTCQB:HMENF), reviews solid year of oil production growth, increasing free cash flows, debt repayment, a dividend, and share buy backs.
Tom Larson, President and CEO of Eloro Resources (TSX.VELO – OTCQX:ELRRF) joins me to recap recent news, including land acquisitions to the southwest and west...
Josef Schachter, Founder and Editor of The Schachter Energy Report and Eye On Energy Report joins us for an energy sector update. We start with...
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to discuss the potential of a market crash next year and if it happens...
Skeena Resources (TSX:SKE – NYSE:SKE) has released a lot of drill results this month from the Eskay Creek Property in the Golden Triangle of BC....
Segun Lawson, CEO of Thor Explorations (TSX.V:THX – US:THXPF), with a comprehensive exploration update at the Douta development Project in Senegal.
Brett Richards, CEO of Goldshore Resources (TSX.V:GSHR – OTCQB:GSHRF), reviews the Maiden Resource Estimate (MRE) and ongoing 100,000 meter drill program at the Moss Lake Gold Project in Ontario
Dave Erfle, Founder and Editor of the Junior Miner Junky joins us to balance the moves in the gold stocks to the underlying gold price....
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMakret Prep website joins us to discuss the now year long trend...
Christopher Aaron, Founder of iGold Advisor and Senior Editor for GoldEagle.com joins us to share his big picture outlook for the precious metals. He sent...
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins us to share his outlook for the markets. We...
Ewan Downie, CEO of I-80 Gold Corp (TSX: IAU – NYSE: IAUX), reviews the recent bonanza-grade polymetallic drill intercepts returned at the Hilltop Zone
Ed Moya, Senior Market Analyst at OANDA joins us today to recap recent comments out of China reiterating the Country’s zero-Covid policy. This is being...
Enduro Metals (TSX.V:ENDR – OTCQB:ENDMF) released the initial results, on November 18th, from the 2022 drill program at the Newmont Lake Project in the Golden...
This week was a quiet week for markets, metals and currencies, giving investors time to assess the recent pops in many markets and sectors. It...
Marc Chandler with a recap of the US Dollar and other currencies, central bank policies, commodities, and China's economy.
David Stein, President and CEO of Kuya Silver (CSE:KUYA – OTCQB:KUYAF) joins us to recap some recent exploration news from the Carmelitas Prospect on the...
I had the opportunity to meet a lot of very interesting energy companies while attending the Schachter Energy Conference last month in Calgary. Birchcliff Energy...
Jordan Roy-Byrne unpacks the macro and technical factors that may indicate the bottom is in for gold, silver and PM ETFs (GDX, GDXJ, SILJ) charts.
Dana Lyons, Fund Manager, joins us to share his trading strategies for the US markets, gold and the US Dollar. We star with a big...
Sean Brodrick, Natural Resource Analyst at Weiss Ratings and Editor of the Wealth Wave website joins us to share his investing strategy now that the...
Dave Erfle, the Junior Miner Junky, reviewed the oversold pop in the precious metals sector since the middle of last week due to more systemic financial weakness.
Doc Jones, discuss his rotation earlier this year out of PM and oil stocks, and into lithium and nickel stocks has worked out.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to weigh in on the rebound in...
While I was at the Beaver Creek conference a few weeks ago I meet with over 30 companies. Contango Ore (NYSE-A:CTGO) was a Company that...
Andrew Thomson, President and CEO of Palamina Corp (TSX.V:PA – OTCQB:PLMNF) joins me to recap news from the month of September, including high-grade sample results...
John Rubino with a wide-ranging discussion on the Credit Suisse banking concerns, ramifications of central banks tightening into high inflation, housing market pain, and what interest rate levels will cause something to break?
Ed Moya reviews the concerns about Credit Suisse and a banking contagion, central bank intervention, inflation, manufacturing, and the energy sector.
Well Q4 is off to a quick start. The USD and yields are dropping which is helping push everything higher. Silver is the real standout...
Claudia Tornquist, President and CEO of Kodiak Copper (TSX.V:KDK – OTCQB:KDKCF) joins me to recap the most recent exploration results from the MPD Project in...
Tier One Silver (TSX.V:TSLV – OTCWB:TSLVF) recently announced some early exploration results from the Cambaya Target areas, on the northern part of the Curibaya Project...
Welcome to another KER Weekend Show. We now have Q3 behind us and it was not pretty. There was some light at the end of...
Erik Wetterling, The Hedgeless Horseman, joins us to review the risk/reward set ups at market extremes and how that impacts our portfolios.
We are joined by Ken Gray, President and CEO, and Matt Skanderup COO of Petrus Resources (TSX: PRQ) (OTC: PTRUF), for an update on the new debt facility and the renewed focus on growing production and cash flows.
Jeff Swinoga, President and CEO of Exploits Discovery Corp (CSE:NFLD – OTCQX:NFLDF) joins us to recap a key land acquisition in Newfoundland and drilling at...
Brien Lundin overviews the upcoming New Orleans Investment Conference, and provides his take on the macroeconomic trends and key catalysts in the general markets PM sector.
Leo Hathaway, Executive Chairman and Co-Founder of Golden Shield Resources (CSE:GSRI – OTCQB:GSRFF) joins me to recap the final Phase 2 drill results and the...
Jordan Roy-Byrne discusses his technical outlook on gold, GDXJ, silver, and their eventual divergence from US equities.
Martin Turenne, President and CEO of FPX Nickel (TSX.V:FPX – OTCQB:FPOCF) joins us to recap three news releases from September recapping a scoping study for...
Shawn Khunkhun, President and CEO of Dolly Varden Silver (TSX.V:DV – OTCQX:DOLLF), joins us to review some recent high-grade silver step-out drill results at the Wolf Vein.
Robert Vallis, President and CEO of Signature Resources (TSX.V:GSU – OTCQB:SGGTF) joins me to provide a general exploration update for the Lingman Lake Gold Project,...
Joel Elconin reviews the continued market pressure from both rising interest rates and a surging US dollar.
We are very happy to welcome Brent Cook back to the show! It’s been a while since we last had Brent on but after running...
Welcome to another KE Report Weekend Show. For all our US and Canadian listeners we hope you have a great long weekend! Odds are...
Steve Penny, The SilverChartist Report, reviews technical charts on the (SPX) S&P 500, (TLT) long-dated bonds, (DXY) US Dollar Index, Silver, Gold, and mining stocks.
Brian Leni, Founder and Editor of the Junior Stock Review website joins us to share his due diligence process on development companies. We discuss what...
Wayne Lloyd, CEO of TraceSafe (CSE: TSF) (OTC: UTOLF), reviews the new Company focus into technology to help integrate carbon credits into businesses
Brien Lundin, Editor of the Gold Newsletter and host of the New Orleans Investment Conference joins us to share his projections on the financial markets...
Craig Hemke reviews the gold chart from 2011-2013 compared to the chart from 2020-2022 and notes the potential bearish implications and risks.
Jordan Roy-Byrne reviews his technical outlook on silver, gold, and when they will diverge from the general equities markets.
Rick Mazur, President and CEO of Forum Energy Metals (TSX.V:FMC – OTCQB:FDCFF) updates us on the 4 primary uranium projects in the Company’s portfolio.
Mike Larson, Editor of The Safe Money Report joins us to go around the horn discussing US markets, bonds and commodities. With the bear market...
Scott Berdahl, CEO and director at Snowline Gold (CSE:SGD – OTCQB:SNWGF) joins us to recap drill results from the Valley Zone, on the Rogue Project...
Dave Erfle, the Junior Miner Junky, discusses the short-term weakness but longer term bullish setup in PMs.
Tim Johnson, President and CEO of Granite Creek Copper Ltd (TSX.V:GCX – OTCQB:GCXXF), reviews the acquisition of the Star Cu-Ni-Platinum Group Metal project, located in the Omineca mineral belt of northern British Columbia.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap Jerome Powell’s comments at Jackson...
Welcome to another KE Report Weekend Show! It was a tough end of the week as Jerome Powell, speaking at Jackson Hole, reiterated...
Glen Parsons, President and CEO of Awale Resources (TSX.V:ARIC) joins me to update us on the exploration at the Odienné Gold-Copper Joint Venture (with Newmont...
John Rubino reviews the recent oversold bounce in most markets, global economic health, Fed policy, and world currencies.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to tackle 2 main topics; the continued USD rise and historical reference for how...
Dave Erfle, the Junior Miner Junky, unpacks why he's shorting the general equities as a portfolio hedge, and technical outlook on gold.
Philippe Cloutier, President and CEO of Cartier Resources (TSAX.V:ECR – OTC:ECRFF) joins us to highlight the 25,000 meter drill program that commenced last week at...
TG Watkins reviews his technical bear case and bull case for the S&P 500, the potential parallels to a 1970s style sideways market and the energy sector.
Ed Moya, Senior Market Analyst at OANDA joins us to share his thoughts on the market roll over in the last couple trading days. After...
Jim Greig, President of Benchmark Metals (TSX.V:BNCH – OTCQX:BNCHF) joins us to recap the August 16th news release announcing the maiden Preliminary Economic Assessment (PEA)...
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX) joins me to recap the August 17th news release reporting 2 drill holes at the Tomtebo...
On this Weekend’s Show we feature Rick Bensignor and his outlook for a wide range of markets as well as Josef Schachter to highlight his...
Marc Chandler discusses the strong US dollar, other global currencies, Fed policy expectations, and the health of the US economy.
Fred Davidson, President and CEO of Impact Silver (TSX.V:IPT – OTC:ISVLF), provides a comprehensive update on production, development projects, and exploration plans for this year.
Matti Talikka, CEO of Aurion Resources (TSX.V:AU – OTCQX:AIRRF), provides an exploration update at the Helmi Project JV with B2Gold and 100% owned Risti Project.
Craig Hemke discusses the dichotomy between Fed and main stream financial media messaging on the health of the economy, versus the actual macro data we see coming in.
Brien Lundin, Editor of the Gold Newsletter joins us to discuss the recent price action in gold and silver. Both metals have bounced over the...
Mike Spreadborough, Executive Co-Chairman and acting CEO at Novo Resources (TSX.V:NVO – OTCQB:NSRPF) joins me for an update focused mostly on the exploration underway and...
Ryan King,at Calibre Mining (TSX: CXB – OTCQX: CXBMF), reviews the H1 2022 financial and production metrics, and 15 drill rig 170,000 meter drill programs in Nevada and Nicaragua.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his outlook on the gold, silver and GDXJ charts. We discuss the...
Ian Harris, CEO of Libero Copper & Gold (TSX.V:LBC – OTCQB:LBCMF) joins us to provide an update on the Company’s assets in the Golden Triangle,...
Steve Penny – Technical analysis for S&P 500, 10 Yield Treasuries and Bonds, Gold, Silver, Platinum, Uranium, and Uranium Miners.
Sean Brodrick discusses a range of sectors - cannabis stocks, water stocks, oil, nat gas, solar, wind, and hydro energy stocks.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show website and Editor of the PreMarket Prep website joins us to highlight an upcoming webinar on...
Scott Berdahl, CEO and Director of Snowline Gold (CSE:SGD – OTCQB:SNWGF) joins us to introduce this new Yukon gold exploration Company. The Company has a...
Shawn Khunkhun, President and CEO of Dolly Varden Silver (TSX.V:DV – OTCQX:DOLLF) reviews some recent high-grade silver drill results at the Kitsol Vein nearby Torbrit Mine, and ongoing drilling at Wolf and Homestake.
Alistair Waddell, President and CEO of Inflection Resources (CSE:AUCU – OTCQB:AUCUF) joins us to update everyone on the recent exploration results and financing. Focused in...
Welcome to another KE Report Weekend Edition! We are truly in the middle of a summer rebound. Almost every sector, outside of energy, has been...
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website joins us to recap the recent US economic data...
Craig Nicol, CEO of Graphene Manufacturing Group (TSX.V:GMG) joins me to provide an update on the Company’s battery division. On June 15th news released stated...
Erik Wetterling, The Hedgeless Horseman, unpacks value investing in “probable growth” companies his portfolio of junior gold and silver mining stocks.
Craig Hemke, Editor of TF Metals Report joins us to discuss the general market environment where a more risk on attitude has driven markets higher...
Jordan Roy-Byrne reviews what key technical indicators and macroeconomic factors he is watching for to confirm PM are diverging from broad US equites.
Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), outlines the 2022 exploration strategy to expand the copper resources at the La Plata Project near Durango, Colorado.
Andrew Pollard, CEO of Blackrock Silver (TSX.V: BRC – OTCQX: BKRRF), with an exploration and resource expansion update at both Tonopah West and Tonapah North silver projects, located in Nevada.
Dave Erfle, Founder of the Junior Miner Junky, provided his technical and macro outlook on the short-covering rally that we’ve seen in the markets the last few weeks
Thomas Atkins, President and CEO of Mammoth Resources (TSX.V:MTH – OTC:MMMRF) reviews exploration results at the Los Carneritos target at the Tenoriba Project, in Mexico.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins me to look ahead to the CPI data...
Tim Clark, President and CEO of Fury Gold Mines (TSX:FURY – NYSE:FURY) and Bryan Atkinson, Senior VP of Exploration joins me to recap the drill...
Ed Moya, Senior Market Analyst at OANDA joins us to recap the jobs data from Friday and to look ahead to the inflation number this...
Mike Konnert, President and CEO of Vizsla Silver (TSX:VZLA – NYSE:VZLA) joins us to recap the recent drill results from the Panuco Project, in Mexico....
Welcome to another KER Weekend Show! After a good month of July for the markets across the board, everyone is wondering if the bottom...
Simon Ridgway, President and CEO of Volcanic Gold Mines (TSX.V:VG – OTC:VLMZF), updates us on the resource and social engagement at Holly and new concessions along the Motagua gold belt.
Craig Hemke, reviews PMs bounce post FOMC press conference, and looks ahead to the jobs report data due out tomorrow.
Erik Wetterling, The Hedgeless Horseman, discusses value investing versus guessing reactions to macroeconomic noise.
Dan Steffens, President of the Energy Prospectus Group joins us to discuss the recent pullback in the energy sector with a focus on oil and...
Jordan Roy-Byrne, reviews what key macro factors or trends he is watching to inform Fed policy, and that would allow PMs to diverge from general equity markets.
Jed Richardson, CEO of Trigon Metals (TSX.V:TM – OTC:PNTZF) joins us to recap yesterday’s news release stating the pause of production at the Kombat Mine...
Dave Erfle, the Junior Miner Junky, reviews his technical and macro outlook on the short-covering rally that we’ve seen in the markets and what data and levels he's watching.
Mike and Danie discuss why South African Platreef-style mineralization is compelling at the Stillwater West Project in Montana
Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU – OTCQX:NCAUF) joins us to recap the completed 90,000 meter drill program at the Enchi gold...
TG Watkins reviews his technical on the rebound in many sectors in the month of July, and where resistance may come into play.
Ed Moya, Senior Market Analyst at OANDA joins us to recap the market bounce for July and addresses the main question of is it a...
Welcome to this week’s Weekend Show! It was a Fed week that as expected lead to volatility in the markets, especially after the press conference...
Justin Huhn, Founder and Publisher of the Uranium Insider, joins us to provide a macro update on the uranium sector.
Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), reviews the recent high-grade drill assays from the Las Conchita project.
Quinton Hennigh, Director and Technical Advisor at Eskay Mining (TSX.V:ESK – OTCQX:ESKYF) joins me to recap a couple recent news releases highlighting new VMS discoveries...
Gabriel Rene, CEO of Verses Technology (NEO:VERS) joins us to recap the July 27th news release announcing a partnership with Tompkins Ventures to build awareness...
Dave Erfle, reviews the short-covering rally that kicked off in markets on the back of the peak hawkishness messaging from the FOMC meeting press conference.
Craig Hemke discusses the recent bounce in most markets after the FOMC press conference and GDP numbers were released.
Martin Turenne, President and CEO of FPX Nickel (TSX.V:FPX – OTCQB:FPOCF) joins us to recap the metallurgical test results released yesterday. Results from Phase 2...
Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT – OTCQB:AZZTF) joins us to recap the recent news focused at the Cervantes Project, in Mexico....
Jordan Roy-Byrne looks at the big picture technical setup to confirm if the US Equites have begun their secular bear market, and PMs have begun their secular bull market.
Jeff Christian, Managing Partner at the CPM Group joins us to focus on the Platinum Group Metals. The CPM Group has just released its PGE...
Robert Sinn, aka Goldfinger discusses whether or not gold is good for anything, and if commodities are in a secular bull market.
Josef Schachter, Founder and Editor of the Schachter Energy Report joins us to provide an update on the overall energy sector focused on the pullback...
Glen Parsons, President and CEO of Awale Resources (TSX.V:ARIC) joins me to recap the recent land acquisition in the Odienné District. This land boarders the...
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins us to recap the first silver and gold pour at the Las Chispas Mine in...
John Rubino discusses the complexity and volatility facing world economies and stock markets.
Jed Richardson, CEO of Trigon Metals (TSX.V:TM – OTC:PNTZF) joins us to recap the new silver stream announced with Sprott Streaming for US$27.5 million. We...
Ed Moya, Senior Market Analyst at OANDA joins us to recap earnings season so far and share his major takeaways. Is the job market that...
Nick Appleyard, President and CEO of TriStar Gold (TSX.V:TSG – OTCQB:TSGZF) joins me to recap the recent news announcing the submission of the first permit...
Welcome to Weekend Edition of the KE Report. On this Weekend’s Show we feature Dana Lyons and Axel Merk. The focus is past the Fed...
Marc Chandler, reviews weak PMI, weak housing data, and next week's Fed rate hike and GDP number.
Welcome to another KE Report Weekend Show! It was a slower week for markets with the focus being on US inflation data which again...
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), with a financial, production, and exploration update at the producing Segilola Gold mine in Nigeria, and an exploration update at the Douta development project in Senegal
Thomas Atkins, President and CEO of Mammoth Resources (TSX.V:MTH – OTC:MMMRF) outlines the next batch of step-out drill holes at the Tenoriba Project, in Mexico.
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX) joins me to recap the recent drill results from the Tomtebo Project, in Sweden, the drill...
Gabriel René, President of VERSES (NEO:VERS) joins me to follow up on the introduction webinar from June 27th. On the webinar we went over the...
Michael Rowley, CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF) with an exploration update and further resource delineation plans at Stillwater West Project in Montana.
Brien Lundin, Editor of The Gold Newsletter joins us to discuss the market selloff today focused on the metals sector that is leading the way...
Andrew Thomson, President and CEO of Palamina Corp (TSX.V:PA – OTCQB:PLMNF) joins me for a quick update to recap recent news and get his thoughts...
Eric Roth, President and CEO of Capella Minerals (TSX.V:CMIL – OTCQB:CMILF) joins me to provide an update on the expansion of land packages in Norway...
Michael Wood, CEO and Director of Reyna Gold Corp. (TSX.V: REYG) (OTCQB: REYGF), with an exploration update for 4 target areas at the La Gloria Project.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to recap the 9.1% inflation print for June. This was slightly higher than expectations...
Cole Evans, President and CEO of Enduro Metals (TSX.V:ENDR – OTCQB:ENDMF) joins me to provide a recap of the recent drill results and the overall...
Dave Erfle outlines some of the macroeconomic data he’s watching out for, technical support levels in the precious metals sector, and how he’s managing his portfolio.
Robert Sinn, aka Goldfinger, shares his macroeconomic outlook and strategy for investing in the precious metals sector.
John Feneck shares his macroeconomic outlook, 2 sides of takeover mergers, and portfolio management strategies in resource stocks.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to look ahead to the inflation data...
John Rubino reviews how global food shortages and an energy crisis, along with supply chain bottlenecks and persistently high inflation are leading to financial instability.
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to share his strategy of playing a summer...
Ed Moya, Senior Market Analyst at OANDA joins us to look ahead to the key data points released this week and how these will carry...
Welcome to KE Report Weekend Show! On this Weekend’s Show we focus on true investment opportunities and ideas in specific sectors. It’s now accepted that...
Marc Chandler reviews the Non Farm Payroll jobs data, health of labor markets, inflation, Fed policy, and currencies.
Jed Richardson, President and CEO of Trigon Metals (TSX.V:TM – OTC:PNTZF) joins us to provide a quick operational update from the Kombat Mine, ahead of...
Dan Steffens, President of the Energy Prospectus Group joins us for a broad energy market update and the stocks he still likes at these levels....
Roger Moss, President and CEO of Labrador Gold (TSX.V:LAB – OTCWB:NKOSF) joins me to recap yesterday’s news reporting 284.1g/t gold over 0.58meters from the Big...
CO2 Lock Corp (Private Company) was first introduced on the show at the end of March after the Company was spun out of FPX Nickel....
Dave Erfle, Founder of the Junior Miner Junky, outlines some of the macroeconomic data and technical levels he is watching that could signal a bottom in the precious metals sector.
Erik Wetterling, publisher of The Hedgeless Horseman website, discusses sentiment and emotions, and why so many speculators don't make money trading speculative markets.
Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), with an exploration update at Keno Hill and the significance of Hecla acquiring Alexco for the Keno Hill silver district.
Craig Hemke, Founder of TF Metals Report joins us to look ahead to upcoming US economic data. We discuss the jobs number coming forward, inflation...
Jeff Christian, Managing Partner at the CPM Group joins us to share his big picture outlook for the precious metals. We look outside of only...
David Stein, President and CEO of Kuya Silver (CSE:KUYA – OTC:KUYAF) joins me to discuss the broad silver market. We stick to many key macro...
Doug Ramshaw, President and CEO of Minera Alamos (TSX.V:MAI – OTCQX:MAIFF), updates us on the the surface rights agreements being executed at Cerro De Oro gold project and the continued ramp up towards commercial production at the Santana Gold Mine in Mexico.
Jordan Roy-Byrne reviews why the last Fed rate hike will be in July, and why he feels now is the time to accumulate gold and silver stocks.
Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), review the first year of optimizing production output at the San Albino Gold Mine along with an exploration update at a number of targets.
Kyle Hookey, President and Interim-CEO of Allied Copper (TSX.V:CPR – OTCQB:CPRRF) joins me to recap the news highlighting the magnetic survey results at the Klondike...
James Anderson, President and CEO of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF) joins us to recap the June 29th news release announcing the acquisition of Great...
Joel Elconin discusses the energy sector, inflation, deflation, and a potential rotation starting back into growth stocks.
Alastair McIntyre, President and CEO of Altiplano Metals (TSX.V:APN – OTC:ALTPF) joins us to introduce this copper producer focused primarily in Chile, that just received...
Nick Appleyard, President and CEO of TriStar Gold (TSX.V:TSG – OTCQX:TSGZF) joins us to discuss the 2,500meter drill program at the Castelo de Sonhos, focused...
Mike Bandrowski, President and CEO of Big Ridge Gold (TSX.V:BRAU – OTCQB:ALVLF) joins reviews the next tranche of 10 drill results, at the Hope Brooke Gold Project and key catalysts on the horizon.
It was a very bad end of the month and quarter for markets broadly but especially for precious metals stock investors. Gold and silver...
Marc Chandler, Managing Partner of Bannockburn Global Forex and Editor of the Marc To Market website, reviews the macroeconomic factors moving the markets.
Erik Wetterling, The Hedgeless Horseman, discusses his investing focus on post-discovery exploration growth stories.
Craig Hemke, Founder and Editor of TF Metals Report joins us to share his outlook for gold as we turn the corner into the 2nd...
John Miniotis, President and CEO of AbraSilver Resource (TSX.V:ABRA – OTC:ABBRF) and David O’Conner, Chief Geologist joins us for an exploration update from both the...
Brian Miller, CEO of Astra Exploration (TSX.V:ASTR and now on the OTCQB:ATEPF) joins me to provide an update on the recent exploration activity at the...
Justin Reid, CEO of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), reviews the encouraging initial assay results from its Phase II Gap Zone drill program at the Troilus Gold Project.
There’s no denying sectors across the board continue to experience a lot of selling pressure with many breaking down. While the gold price is hanging...
Sean Brodrick focuses on the energy sector and related commodities like oil, natural gas, copper, and lithium.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the selling pressure on markets...
Peter Dembicki, President and CEO of Tier One Silver (TSX.V:TSLV – OTCQB:TSLVF) and Christian Rios, Senior VP of Exploration join us to provide an overview...
Ed Moya, Senior Market Analyst at OANDA discusses the overall pressure remaining on most market sectors, if we’ll see a further bounce.
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins us to provide an overview on the exploration and work plans for this...
Another tough week in the markets at least ended on a slightly positive note. The fall in commodities lead by energy and copper was noteworthy...
Craig Hemke, Founder and Editor of TF Metals Report joins me to recap the selloff in copper, gold stocks and silver stocks over the past...
Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) joins me to recap recent drill results from the Copala-Tajitos resource area announced June...
Brien Lundin, Editor of The Gold Newsletter and Organizer of The New Orleans Investment Conference joins me to discuss the selloff in copper and precious...
Jim Greig, President of Benchmark Metals (TSX.V:BNCH – OTCQX:BNCHF) joins me to recap the updated Resource Estimate at the Lawyers Gold and Silver Project, in...
Kyle Hookey, President and Acting CEO of Allied Copper (TSX.V:CPR – OTCQB:CPRRF) joins me to provide an overview of the drill plans at the Klondike...
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins me to focus on copper and oil. Both of these commodities have pulled back in...
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to share his trading strategy for the general...
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMakret Prep website joins me to discuss general bearish sentiment and the...
John Rubino, Founder of The Dollar Collapse website joins me to discuss the Bank of Japan’s monetary policy that is very different from the other...
Mike Spreadborough, Executive Co-Chairman and Acting CEO of Novo Resources (TSX:NVO – OTCQX:NSRPF) join me to recap the recent news of pausing production and moving...
Matti Talikka, CEO of Aurion Resources (TSX.V:AU – OTCQX:AIRRF), recaps the recent high-grade drill results out of the Helmi Discovery on the Aurion-B2Gold Joint-Venture.
Fed week did not disappoint with the Fed hiking rates by 75 basis points which caused markets to fall further into bear market territory....
Steve Penny, The SilverChartist, shares key charts on the Gold weekly & daily, Silver weekly, Platinum vs Gold ratio, Copper weekly, and Sandstorm Gold (NYSE: SAND) (TSX: SSL) on the monthly, weekly, and daily.
Marc Chandler, Managing Partner of Bannockburn Global Forex and Editor of the Marc To Market website joins us for a discussion on central bank policy...
Dave Erfle, Founder and Editor of The Junior Miner Junky joins us to shares opinion on if the gold stocks are truly diverging from the...
Sean Brodrick focuses on some of the macroeconomic factors that have him worried, and the market expectations that a recession is on the horizon.
Craig Hemke discussed the key effects to the markets, economy, and consumers as a result of ongoing central bank policies.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, unpacks why he is using diversification as a strategy in his precious metals portfolio of junior mining stocks.
Hubert Parent-Bouchard, CFO of Radisson Mining (TSX.V: RDS) (OTC: RMRDF), highlights the resource expansion potential at depth along the high-grade Trend #2 at the O’Brien Gold Project.
Josef Schachter, Founder of The Schachter Energy Report joins us for a discussion on the energy sector. Sticking to the bearish camp Josef outlines a...
Chad Peters, President and CEO of Ridgeline Minerals (TSX.V:RDG – OTCQB:RDGMF) unpacks the first two step out holes of the 2022 drill program at the CRD Target, at the Selena Project in Nevada.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his outlook for Fed rate hikes from September onward. He thinks the...
Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF) updates us on the recent Company name change and further exploration plans at Stillwater West.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the key factors continuing to...
Claudia Tornquist, President and CEO of Kodiak Copper (TSX.V:KDK – OTCQB:KDKCF) joins us to provide an update on the 25,000 meter drill program at the...
Shawn Khunkhun, President and CEO of Dolly Varden Silver (TSX.V:DV – OTCQX:DOLLF) joins us to outline this years drill program at the Kitsault Calley Project...
Tim Johnson, President and CEO of Granite Creek Copper Ltd (TSX.V:GCX – OTCQB:GCXXF), outlines 3 key exploration target areas, IP survey data, and ongoing work for the PEA.
Ed Moya, Senior Market Analyst at OANDA joins us for an extended discussion focused on the broad market selloff. The only assets on my screen...
Welcome to another KE Report Weekend Show. It was another boring week until Friday when the CPI data showed inflation is not slowing which caused...
Simon Ridgway, President and CEO of Volcanic Gold Mines (TSX.V:VG – OTC:VLMZF), outlines the maiden Inferred Mineral Resource Estimate of 406,316 oz at 9.57 g/t gold equivalent for the Holly Project.
Marc Chandler, Managing Partner at Bannockburn Global Forex joins us to focus on the inflation, CPI, data released today. The number was higher than estimates...
Brandon McDonald, President and CEO of Fireweed Zinc (TSX.V:FWZ – OTCQB:FWEDF) joins me to highlight the exploration plans for this year at the Macmillian Pass...
Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU – OTCQX:NCAUF) joins me to recap the first pass drilling at the Tokosea Target on the...
Erik Wetterling, The Hedgeless Horseman, unpacks how he approaches position sizing within his portfolio of junior mining stocks.
Dana Lyons reviews his 2 pronged approach for selling the rips on this market bounce and shares his technical outlook on the energy sector.
Ian Harris, CEO of Libero Copper & Gold (TSX.V:LBC – OTCQB:LBCMF) updates investors on the Big Red Project, Mocoa Project, and Esperanza Project.
Brien Lundin, Editor of The Gold Newsletter joins us to discuss the general boring nature of the markets and metals. We focus on the mood...
Cherie Leeden, President and CEO of Gold Bull Resources (TSX.V:GBRC – OTCQB:GBRCF) joins me to recap today’s news release reporting drill results from the Silica...
Jordan Roy-Byrne reviews gold bull market correction analogs, 2-year treasury yields, and high oil prices in relation to gold mining stocks.
Roger Moss, President and CEO of Labrador Gold (TSx.V:LAB – OTCQX:NKOSF) joins me to recap yesterday’s news release reporting the initial hole at the Golden...
Ewan Downie, CEO of I-80 Gold Corp (TSX: IAU – OTCQX: IAUCF), reviews the exponential production growth and exploration upside at their 4 Nevada gold projects.
Dave Erfle, The Junior Miner Junky, reviews all markets are awaiting CPI inflation data and Fed meeting minutes.
John Rubino, Founder of the Dollar Collapse website, discusses market effects from high energy prices, inflation, corporate margin compression, and central bank hawkishness.
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), with a financial, production, and exploration update at the producing Segilola Gold Project mine in Nigeria, along with an exploration update at the Douta development project in Senegal.
Ed Moya, Senior Market Analyst at OANDA joins us to look ahead to this week and next with inflation data coming Friday and a Fed...
Steve Bromley, President and CEO of Organto Foods (TSX.V:OGO – OTCQB:OGOFF) joins us to recap the record Q1 results from the Company and outlook for...
Welcome to June, where sentiment remains bearish and central banks around the world continue to hike rates. This is a bad environment for equities across...
Steve Penny, Publisher of The SilverChartist Report, shares key charts for Platinum, Gold, Silver, Commodities versus Stocks, Junior Silver Miners and the (TNX) 10-year treasury yields.
Chris Jordaan, President and CEO of Superior Gold (TSX.V: SGI) (OTC: SUPGF) reviews the Q1 operations, production expansion, and exploration update at the Plutonic Gold Operations.
Leo Hathaway, Executive Chairman and Co-Founder of Golden Shield Resources (CSE:GSRI) joins us to recap some of the recent drill results from the Phase 2...
Marc Chandler, Managing Partner at Bannockburn Global Forex joins us to recap recent US economic data and the increase in central bank tightening policies. We...
Glen Parsons, President and CEO of Awale Resources (TSX.V:ARIC) joins me to recap the May 31st news release announcing a strategic investment and exploration agreement...
Craig Hemke, Founder and Editor of TF Metals Report, discusses the key macroeconomic drivers he’s watching that are feeding the stagflation backdrop.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, expands upon being a value investor in poor sentiment markets, and a shares a couple companies he likes.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins me to share his outlook for GDX, GDXJ, Silver and general US markets. Starting...
Jose Garcia, CEO and Director of Silver X Mining (TSX.V:AGX – OTCQB:AGXPF) reviews the April operations update and unpacks resource update at the Nueva Recuperada Project
Martin Turenne, President and CEO of FPX Nickel (TSX.V:FPX – OTCQB:FPOCF) joins me to update us on the second round of drilling planed at the...
Jed Richardson, CEO of Trigon Metals (TSX.V:TM – OTC:PNTZF) joins us to introduce this copper producer focused at the Kombat Mine in Namibia. Currently in...
Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), reviews the Q1 2022 financials at San Albino, and 2 new veins discovered at Las Conchitas
Frank Lagiglia, Corporate Development for Benchmark Metals (TSX.V:BNCH – OTCQX:BNCHF) joins us to recap a couple recent news releases highlighting drill results from the Marmot...
Richard Postma, AKA Doc joins us again at the end of the of month to recap the moves in metals and markets. We start with...
Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), reviews the high-grade and broad intercept drill results from the 2021 exploration program at the Keno Silver Project.
Dave Erfle reviews both the technical and macroeconomic drivers affecting the precious metals sector, and related mining stocks.
Ed Moya focuses on the energy sector, and how the continued breakout higher in prices will affect consumers and businesses.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show joins us to discuss the continued move higher in oil and the energy sector as well...
Jeff Swinoga, President and CEO of Exploits Discovery (CSE:NFLD – OCTQX:NFLDF) joins us to share the 2022 exploration plans at the Company’s portfolio of Projects...
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to share his outlook for the bear market...
Mike Spreadborough, Executive Co-Chairman of Novo Resources (TSX:NVO – OTCQX:NSRPF) joins us to recap news releases from last week providing updates on the ongoing exploration...
Welcome to another KE Report Weekend Show. This week we focus on investing during a bear market. The consensus is that we are still early...
Paolo Lostritto reviews the Q1 financials, key royalty assets, and ongoing progress with the Swordfish Silver spinout transaction.
Brien Lundin, Editor of The Gold Newsletter, outlines the key macro factors that he is watching as signal, and what he is tuning out as market noise.
Terry Harbort, President and CEO of Talisker Resources (TSX.V: TSK) (OTCQX: TSKFF), introduces their portfolio of exploration and development properties in British Columbia
Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) joins us to recap the May 19th news release announcing a new vein discovery...
Jordan Roy-Byrne joins us to discuss technical levels in the precious metals sector, and macroeconomic factors he is watching.
Fred Bell, President and CEO of Elemental Royalties (TSX.V:ELE – OTCQX:ELEMF), discussed the significant growth in production and revenues for 2022.
Andrew Thomson, President and CEO of Palamina Corp (TSX.V:PA – OTCQB:PLMNF) joins me to update us on the current drilling at the Company’s flagship Usicayos...
Peter Dembicki, President and CEO of Tier One Silver (TSX.V:TSLV – OTCQB:TSLVF) and Christian Rios, Senior VP of Exploration join me to provide an update...
Well that was sure an ugly week for the financial markets. Nothing was safe from the selloffs that carried over from last week and picked...
Humorous blooper real and audio mash-up from several dozen of our pre-call and post-call discussions with Craig Hemke after a stressful week.
Marc Chandler, Managing Partner at Bannockburn Global Forex joins us to discuss the two main themes commentators are discussing, inflation and recession. With the Fed...
Jason Kosec, President and CEO of Millennial Precious Metals (TSX.V:MPM – OTCQB:MLPMF), reviews the recent high-grade and wide-intercept drill results at the Mountain View Project in Nevada
Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) joins us to recap a couple recent news releases highlighting new discoveries and additions...
Dave Erfle, Founder and Editor of The Junior Miner Junky joins us to focus on the selloff in precious metals stocks. We look at the...
Craig Hemke reviews the recent pullbacks across the board in general equities, bonds, and the precious metals and commodities.
Brien Lundin, Editor of The Gold Newsletter joins us today to discuss the ongoing correction in big picture terms. We discuss what the main catalyst...
John Rubino discussed the latest trends in inflation, Fed policy concerns, consumer spending, deflation, the US dollar, Gold, and Bitcoin.
Jordan Roy-Byrne discusses the continued correction in precious metals sector and most other markets, and where we may see a bounce.
Cherie Leeden, President and CEO of Gold Bull Resources (TSX.V:GBRC – OTCQB:GBRCF) joins us to recap yesterday’s drill results from the Sandman Project that expanded...
Sean Brodrick, Natural Resource Analyst at Weiss Ratings and publisher of Wealth Wave, joins us to focus on a range of different commodities and market sectors
Justin Reid, President and CEO of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), recaps some recent drill results from the Southwest Zone and Gap Zone at the Troilus Gold Project
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap the continued breakdown in financial...
Claudia Tornquist, President and CEO of Kodiak Copper (TSX.V:KDK – OTCQB:KDKCF) joins us to recap the last round of drill results released May 4th that...
Blaine Monaghan, President and CEO of Pacific Ridge Exploration (TSX.V:PEX – OTCQB:PEXZF) joins us to introduce the Company and the portfolio of projects in BC...
Brett Richards, President and CEO of Goldshore Resources (TSX.V:GSHR – OTCQB:GSHRF) unpacks recent exploration results from the ongoing 100,000 meter drill program at Moss Lake Gold Project in Ontario.
Ed Moya, Senior Market Analyst at OANDA joins us to discuss the selloff to start the week. Pretty much every asset class is down, and...
Bob Wares, Chairman and CEO of Osisko Metals (TSX.V:OM – OTCQX:OMZNF) joins me to highlight the recent slight shift in focus of the Company towards...
A tough 2022 continues for investors as almost every sector declined this week. It was volatile before the Fed meeting and post-Fed meetings things got...
Zach Flood, President and CEO of Kenroland Minerals (TSX.V:KLD – OTCQX:NWRCF) joins us to highlight the upcoming exploration plans across the Company’s Projects this year where over $25million is budgeted, mostly partner funded.
We start with yesterday’s news announcing the start of the next drill program at the Frotet Project consisting of 40,000 meters in 2 phases starting with 14,500 meters in phase 1. Of this 14,500 meters, 12,000meters will be focused on stepping out from the Renault Discovery. This program
In terms of the total exploration plans for this year, Zach outlines where the $25million budget will be allocated across the Company’s Projects this year.
If you have any follow up questions for Zach regarding the exploration plans for this year or if you would like further information on any of the Company’s Projects please email us at Fleck@kereport.come and Shad@kereport.com.
Click here to visit the Kenorland Minerals website to read over the recent news.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to discuss the continued correction in precious metal, and commodities generally, and when he thinks the correction will reverse. It’s important to look to other, larger markets to get a heads up on when sentiment is shifting which could lead to a bounce in the PMs. We discuss the US markets and bonds as key sectors to watch.
Click here to visit Jordan’s site and keep up to date on what he’s watching on the charts.
Ian Harris, CEO of Libero Copper & Gold (TSX.V:LBC – OTCQB:LBCMF) joins us to share more information on the 9 new porphyry targets announced yesterday, May 3rd, at the Mocoa Project in Colombia. Following up on the successful initial drill hole at Mocoa that intersected 557meters of 0.89% copper equivalent, part of the entire intercept of 1,229metres of 0.58% copper equivalent (announced April 19th) the news yesterday is showing exploration potential around the current 4.6 billion pounds of copper and 511 million pounds of molybdenum.
We have Ian further detail the 9 targets and the location to the known resource. We also discuss the process of drill testing these targets that have never been drilled before.
If you have any follow up questions for Ian please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the recent news out of Libero Copper & Gold.
Analytic Signal Magnetics Map – Outlining The 9 Porphyry Targets
Andrew Pollard, CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins us to unpack the Tonopah West Maiden Stope Optimized Resource Estimate; 2.9 Million Tonnes Grading 446 g/t AgEq for 42.6 Million Ounces AgEq, which was announced on May 2nd. Andrew addresses the inflated expectations of the retail investors, and contrasted their interpretation with institutional investors that were quite on-board with growing such a high-grade silver deposit of size, over 40 million ounces, in less than 18 months of drilling. Andrew mentioned that in the next month a more detailed report will be released to the market showing sensitivity to different grades and costs, and it will highlight how many ounces could be added to the resource using different metrics that will be useful for investors to see other areas of growth
This resource estimate incorporated much of the exploration results from the 110,000 drill campaign at the Tonopah West Property, in Nevada. The majority of the drilling has been focused on infill and step-out drilling around the DPB Target and Victor Targe in a grid of 800 meters x 800 meters over 6 different veins. Recently the company has been drilling 250 – 300 meter step out holes at Denver vein, along with some larger discovery step out holes over 1km away from known mineralization which are still at the lab and awaiting results to come back.
In addition, the Company is currently drilling their recently acquired Tonopah North project on BLM lands, with 7 holes drilled so far from the targeted 9,000 meters and 12 hole scout drilling program to continue expanding resources at this new target.
If you have any follow up questions for Andrew on Blackrock Silver, then please email us at Fleck@kereport.com or Shad@kereport.com
Click here to visit the Blackrock Silver website and read over the recent news releases.
Brian Miller, CEO of Astra Exploration (TSX.V:ASTR) joins me to recap the initial drill results from the maiden drill program at the Company flagship Pampa Paciencia Project in northern Chile. The first 11 holes, out of the 30 hole program, were released yesterday, May 2nd, many intersecting gold veins over long widths. The program is testing 5 targets across the Project.
We start by outlining where the best holes were drilled and getting a better understanding of the 5 targets that were drilled. As Brian notes the veins are very wide, ranging from 10-20 meters in width. We also discuss how the veins are being targeted since they are all undercover. The final point we cover is the overall cost for the 30 hole program coming in at around C$650,000.
If you have any follow up questions for Brain at Astra Exploration please email me at Fleck@kereport.com.
Click here to read over the recent news release we discussed from Astra Exploration.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMakret Prep website joins us to recap the extremely volatile US equity markets. After falling hard to end last week, the markets started Monday off by continuing to selloff. However in the last hour of trading yesterday they rebounded and today are fighting into positive territory. While there is no telling how the markets will react to the Fed statement tomorrow this little bit bounce is tempering at least some of the near term recession fears.
We also discuss the selloff in commodities, especially precious metals, as well as how China’s ongoing lock-down is hurting all economies.
Click here to visit Joel’s PreMarket Prep website.
Jim Grieg, President of Benchmark Metals (TSX.V:BNCH – OCTQX:BNCHF) joins us to recap the recent round of drill results from the Dukes Ridge Deposit on the Lawyer’s Gold and Silver Project in the Golden Horseshoe of BC. The headline hole, Hole 22, intersected 57 meters of 2.52g/t gold equivalent and was drilled just outside the existing resource shell (see Figure 1 posted below).
Jim first recaps the location of this hole and how recent drilling has expanded on the Dukes Ridge Deposit. Also important from the drilling this year is the Company is seeing the Dukes Ridge Deposit connecting to the Cliff Creek Deposit (the largest of all deposits on the Property). These results will be included in the upcoming updated Resource Estimate which is still on track for this month.
There was also some metallurgical results announced last week with 93% gold recoveries and 65% silver recoveries.
If you have any follow up questions for Jim regarding recent news out of Benchmark Metals please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Benchmark Metals website and read over the recent news.
Figure 1: Long-section at the Dukes Ridge Zone showing gold and silver results from a series of drill holes.
Kai Hoffman, CEO of Soar Financial Group, joins us to share his thoughts on the muted interest and recent pullback in the precious metals sector, and overviews for listeners the highlights of the upcoming mining conference in Germany. We start off with a look at the financial health of the industry as tracked by the Oreninc Index that Kai and his team facilitate. With the financing window closing for companies, over the course of 2022 and specifically over the last 2 months, companies that are cashed up for the work programs are in better shape than those that will need to raise capital in the near future. The discussion also gets into the tough positions company executives are in trying to strike the balance between moving the company forward, putting out news to investors, but also conserving capital at a time where most news is being shrugged off out of disinterest or simply becomes a liquidity event.
Next we ask Kai about the themes and presenters at the upcoming 4th German Gold Fair mining conference later this month on May 27th -28th in Frankfurt, Germany. He has a hunch the talking points will have shifted from concerns about inflation, prevalent at last year’s show, to now looking forward at the market conditions to a potential recession on the horizon. Click on the link down below for more information on Germany’s largest mining conference.
https://www.soarfinancial.com/home/
http://www.oreninc.com/
https://rohstoffbrief.com/2022/04/29/deutsche-goldmesse-jetzt-anmelden-zu-deutschlands-groesster-mining-konferenz/
Mike Bandrowski, President and CEO of Big Ridge Gold (TSX.V:BRAU – OTCQB:ALVLF) joins us to recap the next tranche of 10 drill results, released April 26th, at the Hope Brooke Gold Project in Newfoundland. 23 holes have been released so far out of the 50 holes that have been drilled, so far from the Phase 1, 25,000 meter drill program, with all of the holes intersecting gold mineralization.
We have Mike outline where the drilling has been focused so far at the Main Zone and 240 Zone as it moves to the southwest and at depth to possibly connect these two resource areas. There will also be drilling at depth under the Main Zone and 240 Zone, and then finally some shallow drilling in the NorthEast Extension Zone which is currently undrilled, but shows promise on the geophysics work completed thus far.
The Hope Brooke Project already has nearly 1million ounces of gold in a resource with the goal of continuing to grow the total ounces and update the resource estimate the beginning of next year, and then start working on a economic study to highlight the viability of the deposit. The study has not been updated since 2012, and that was at much lower gold prices, and it didn’t account for the copper found in about 70% of the holes, which should be a key co-credit.
If you have any follow up questions for Mike regarding the drill program please email us at Fleck@kereport.com and Shad@kereport.com.
Torq Resources (TSX.V:TORQ – OTCQX:TRBMF) announced a new copper-gold discovery at the Margarita Project in Chile this morning. Hole 13 intersected 90 meters of 0.94% copper and 0.84g/t gold. This hole was drilled int he north-central part of the project (see Figure 1 below for a map of the drill hole locations).
Shawn Wallace, Executive Chairman and Michael Henrichsen, Chief Geologist at Torq Resources join me to discuss the discovery. I have them recap the 4,075meter drill program and the process to the discovery hole 13. We also discuss the follow up work, still being planned, that is needed to expand on the discovery.
If you have any follow up questions for the team at Torq Resources please email me at Fleck@kereport.com.
Click here to visit the Torq Resources website and read over the full news release.
Figure 1: Illustrates the position of the discovery hole in the north – central region of the project along the Falla 13 structural corridor.
Ed Moya, Senior Market Analyst at OANDA joins us to cover the the weakness in markets starting with precious metals continuing to sell off. Ed points tot he Fed as a key driver as now any war premium in gold has evaporated. We also discuss the general weakness in US markets where the S&P closed last week at a 52 week low and the NASDAQ is the whole way below 2021 trading levels. We wrap up with the rebound in the oil and energy sector, bifurcating from the rest of the commodity sector in the midst of strong US dollar.
Click here to visit the OANDA website to follow along with Ed’s daily market note.
Blake Hylands, President of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), joins us to review some recent drill results near the Southwest Zone at the Troilus Gold Project; an advanced stage exploration and development project that is northeast of the Val-d’Or district, within the Frôtet-Evans Greenstone Belt in Quebec, Canada.
The Southwest Zone appears to be an analog of Z87, in the view of the exploration team, and they are starting to drill the Gap Zone between the existing resource and the Southwest Zone. Some recent drill assays announced from this region to the markets on April 21st were both 92 g/t and 68 g/t gold Over 1m, and 3.07 G/T AuEq Over 15m, Zone Extended +200m; Initial Gap Zone Drilling Returns 4.2 G/T AuEq Over 7m Gap. These higher-grade intercepts are shallow / near surface and have now expanded the Southwest Zone from 600 meters, at the time of the last PEA to roughly 2 kilometers.
We also discussed some of the projected guidance from the several years old PEA, like the targeted 22 year mine life producing around 200,000 – 250,000 ounces per year of gold production and 17-22 million pounds of copper per annum.
Blake mentioned that the cutoff for drilling to be included in the upcoming Pre-Feasibility Study due out by July of 2022, was last week. Since that last PEA the Company has drilled another 150,000 meters and greatly expanded the Southwest Zone, the precious metals prices are much higher, and there is a significant copper credit as well, so all of this will factor into the improved economics released on the PFS later this summer.
If you have questions for Justin regarding Troilus Gold, then please email us at Fleck@kereport.com and Shad@kereport.com.
https://www.troilusgold.com/
Full Weekend Show Welcome to another KE Report Weekend Show! We now have April behind us which was a tough month for almost every asset, except of the US Dollar. Fed rate hikes, China’s lock-down and many other factors are contributing to a risk off shift by investors. The worry is that everything is getting sold off.We discuss it all in this weekend’s show.
Please keep in touch by emailing us at both Fleck@kereport.com and Shad@kereport.com.
- Segment 1 – Adrian Day, President of Adrian Day Asset Management and Manger of the Euro Pacific Gold Fund kicks off the show by focusing on the macro economic environment that leads to a discussion on recession fears. The Fed rate hike next week and market perceptions are key to recent market moves.
- Segment 2 and 3 – Richard Postma, AKA Doc, joins us for an extended segment on what he sees in the charts for gold, gold stocks, silver, the US Dollar and bonds. We keep it as simple as possible sharing price levels and times frame estimates for future moves.
- Segment 4 – Brian Leni, Founder and Editor of The Junior Stock Review wraps up the show by shifting out focus to mid tier precious metals development companies. These stocks have been sold off with the rest of the sector but some are generating great financial results and have already stated to bounce back.
Exclusive Company Interviews This Week
- Skeena Resources – A Discussion And more Details On The Inaugural ESG Report
- Reyna Gold Corp – Exploration Update On First 8 Drill Holes From The La Gloria Project
- Metallic Minerals – Maiden Resource Estimate At La Plata Comes Out Near 116 Million Tonnes Copper Equivalent
- Cartier Resources – Now The Largest Land Position East Of Val-d’Or, Here Are The Exploration Plans For This Year
- Mako Mining – A Review of 2021 Financials, Q1 2022 Operations, And The Upcoming Exploration Plan
- Colibri Resources – Exploration Update At The Pilar, Diamante, and Evelyn Projects
- Metalla Royalty & Streaming – The Market Environment For Royalty Companies and An Update On Assets Coming Online In The Near Term
- Kodiak Copper – 2nd Drill rig On Site Testing New Targets, Here Are The Key Targets Being Drilled
- Radisson Mining Releases High Grade Gold Intercepts At Trend 0 From Deep Directional Drilling
Adrian Day Doc Brian Leni
Steve Penny, Publisher of the SilverChartist Report, joins us to share a number of key charts on the US dollar, bond yields via the 10 year note, gold, and silver. (all charts are posted below so you can follow along). We intermix some macro market insights and recent news related to the greenback, interest rates, and precious metals to balance the technicals with the fundamentals. Steve also provides some insights into some of the strategies he has around short-duration trading versus longer-term investing, and some good sentiment principles to keep in mind along one’s investing journey.
Click here to visit the SilverChartist website
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Dana Lyons, Fund Manager and Editor of the Lyons Share, joins us to discuss the turbulent markets, through the lens of quantitative and technical analysis, and review which sectors look appealing for both long and short strategies.
We start off with the recent jump higher in the US dollar which is up testing resistance at $104, and so Dana has taken profits on that trade in the short-term, but still could see the trend in the dollar heading higher in the medium term. Next we moved over to the commodities and how some have been pressured by the strong dollar, but he is more constructive on the actual commodities than he is on the commodity-related equities in the near-term, where more weakness may be in store.
As for the general equity markets, Dana is still constructive on some of the defense sectors that have recently pulled back like consumer staples, utilities, healthcare, and some commodities, but he isn’t buying at present. He is still bearish on tech, growth, small caps, the Nasdaq, and Europe, but has pulled down some of the shorts they’ve had on, in the event of a near-term bounce, but he would go back to shorting them if they come up to key resistance areas the quantitative readings don’t substantially improve. We wrap up with bonds where Dana remains bearish on the longer term trend, and bullish on rising yields and while they have had good trades in yields to the upside they are scaling them back in the short-term in case they take a pause, but still looking at higher yields to come and lower bond prices in the medium to longer-term.
Click here to stay up to date with Dana at the Lyons Share website.
Rahul Paul, President and CEO of Radisson Mining (TSX.V: RDS) (OTC: RMRDF), joins us to discuss some of the deeper directional drill results in the Trend O area at the flagship O’Brien Gold Project located along the world-renowned Larder Lake-Cadillac Break in Abitibi, Québec. On April 21st, the Company reported multiple high-grade intercepts including 37.86 g/t Au over 2.00 m and 12.69 g/t Au over 3.50 m, expanding mineralization laterally and at depth in the gap between current resources and the old O’Brien Mine at this Trend #0.
These results are part of a larger on-going 130,000 meter drill program, and in line with the Company strategy to continue testing their 5 zones at depth. We had Rahul outline how this new directional drilling approach was not only more effective in branching out multiple times from a single pilot hole, but also in how many meters of traditional surface drilling it saved, for a more economic approach to deep exploration. We discussed how deep the exploration team has drilled thus far at Trends 1, 2, 3, and 4, in concert with some of the more shallow surface drilling that is still underway doing true discovery exploration. We wrap up with the meters still at the lab to be released, along with the meters remaining to be drilled, and the successful hit rates the company has in the different trends they are exploring as they better understand the geology.
If anyone has any further questions for Hubert regarding Radisson Mining, then please email me at Shad@kereport.com.
https://www.radissonmining.com/press-releases/
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc To Market website joins us to focus on the currency markets. The USD went pretty much straight up in April while markets and economies around the world sold off. Next week is data and central banks heavy so we look ahead to what could move markets and possibly reverse current trends.
Click here to visit Marc’s blog – Marc To Market
Claudia Tornquist, President and CEO of Kodiak Copper (TSX.V:KDK – OTCQB:KDKCF) joins us to discuss the new key exploration targets on the MPD Project that will be drilled with the second drill rig that just came to site.
We start by recapping the 25,000 meter drill program that now has 2 drills on site. With the first drill continuing to drill the Gate Zone, a discovery made in 2020, and the second drill now focused on making new discoveries across the Property. These new targets include Axe, Dillard, Mann, Prime, 1516, and the new parallel zone to the Gate Zone.
If you have any follow up questions for Claudia please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to read over the recent news out of Kodiak Copper.
Brett Heath, President and CEO Metalla Royalty & Streaming (TSX.V:MTA – NYSE:MTA) joins us to provide a general update on market sentiment for gold stocks and the royalty companies. We also discuss the internal growth for Metalla in terms of royalty assets scheduled to come online in the near term.
Starting with the market environment for royalty companies, we discuss the move seen in the largest mining companies and royalty companies but how the rest of the stocks were left behind. For Metalla specifically we have Brett explain the royalty portfolio for the Company and breakdown how may assets are currently cash-flowing and what’s in the pipeline for this year and next.
If you have any follow up questions for Brett please email us at Fleck@kereport.com and Shad@kereport.com
Click here to visit the Metalla website and read over the Company’s Presentation.
Craig Hemke, Founder and Editor of TF Metals Report, joins us to review the recent corrective moves in the precious metals and commodities sector, and market reactions to central bank policy and a strong US dollar. The discussion covers a number of macro factors including the Fed rate hiking cycle, persistently high inflation, the negative GDP growth numbers from Q1, the developing stagflation backdrop, the strong US Dollar in relation to other currencies, the Japanese and European central bank policies, the price action in silver and the gold mining stocks, and the Chinese lockdowns.
Click here to visit Craig’s site, TF Metals Report.
Ian McGavney, COO of Colibri Resources (TSX.V:CBI – OTC:CRUCF), joins us to provide a comprehensive exploration update on the Pilar, Diamante, and Evelyn projects in Sonora Mexico. We start off with the Pilar Gold-Silver Property joint-ventured with Tocvan Ventures, as they are still drilling their Phases 3 program out of 5 Phases, and have been putting out some promising wide drill intercepts that also include high grade sections. Drill hole JES-22-62 returned 108.6-meters at 0.8 g/t Au and 3 g/t Ag, including 31.9-meters at 2.4 g/t Au and 2 g/t Ag. Within this broader mineralized interval, consistent high-grade gold mineralization was recorded within a silicified sulphide-bearing breccia which returned 9.4-meters at 7.6 g/t Au and 5 g/t Ag .
Next we moved over to the joint-venture optioned Diamante property being worked on by Silver Spruce with some high grade channel sample results, including 51.5 g/t from silicified breccias in the Calton target, which was the highest Au grade yet reported from Diamante. In addition there were silver values >1,000 g/t were recorded from base metal sulphide-bearing veins at Pillado, El Chon and El Cumbro, the latter returning 2,270 g/t Ag, accompanied in several target areas by high-grade primary and supergene Lead + Zinc + Copper up to a combined grade of 50.9 wt.%.
There are a number of upcoming drill programs, trenching programs, and groundwork mapping programs at all 5 Company projects and a great deal of newsflow on tap for the balance of 2022 for investors to keep tabs on.
Please email us with any follow up questions for Ian regarding Colibri Resources. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to read over the recent news out of Colibri Resources.
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website joins us to share a couple companies he thinks are higher quality but have sold off hard with the rest of the sector. There is no denying that precious metals stocks continue to selloff so when looking at individual stocks it’s important to understand what will drive the stock in the future.
The stocks mentioned are Cassiar Gold (GLDC) and Snowline Gold (SGD).
Click here to visit Erik’s site.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss how the rate of inflation, real interest rates, looking forward at stagflation, and the expectations around the Fed tightening cycle are affecting the gold and gold stocks. We have Jordan provide some technical outlook on the precious metals sector, as well as run through a few likely scenarios as to how things will develop in the short-term and medium-term, before we see the larger bullish pattern unfold.
Click here to learn find out more about The Daily Gold website.
Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins us to review the 2021 and Q4 financials and the Q1 2022 operations and production numbers at the San Albino Gold Mine in northern Nicaragua. With an average blended head-grade of 7 – 9 g/t gold, and an All-In Sustaining Cost of $830, the revenues and net incomes are quite robust coming out of San Albino.
We ask Akiba to unpack how the production profile will be expanding from 500 tpd to 1000 tpd, and where that growth will be coming from at San Albino, Las Conchitas, and eventually regional targets like La Segoviana, to essentially double the production rate in 2023. The company launched a $17 million exploration plan for 2022 with the goal of drilling 110,000 meters at near mine and regional targets, and there will be coming exploration news in the months to come.
If you have any questions for Akiba about Mako Mining, then please email us at either Fleck@kereport.com or Shad@kereport.com.
Click here for a summary of the recent news out of the Company.
Erik Wetterling, Founder and Editor of the Hedgeless Horseman website, joins us to review his strategy with value investing in junior miners. He prefers tuning out much of the macroeconomic noise, that may be affecting the gold or silver prices, to focus instead on the micro fundamental value-creation with the junior mining companies. As a contrarian value investor in the precious metals mining stocks, Eric mentions that it is less about trying to time markets or following the metal price gyrations. Instead, he is more focused on acquiring good fundamental value in company projects at a deep discount due to lack of investor of interest or negative sentiment in the sector. He invests as if it were a bear market, so that he can be pleasantly surprised when the metals and miners do shift into bullish runs higher.
Erik outlines why he is constructive on the projects and work being done by the teams at Eloro Resources (TSX.V: ELO), Goliath Resources (TSX.V: GOT), and Defiance Silver (TSX.V: DEF).
Click here to visit Erik’s site – The Hedgeless Horseman.
Zach Flood, President and CEO of Kenorland Minerals (TSX.V:KLD – OTCQX:NWRCF) joins me to recap the March 28th news release entitled Kenorland Minerals intersects 117.86 g/t Au over 1.77m on R2 and announces additional vein discoveries at Regnault. The Regnault discovery is on the Frotet Project in Quebec and is under a joint venture with Sumitomo Metal Mining (Kenorland holds a 20% interest in the JV).
I have Zach start off by recapping the Regnault Discovery and the subsequent drill programs that have consistently increased in meters and continued to hit high grade. We also discuss the new vein discoveries on the Frotet Project. To wrap up the call we look ahead to upcoming drilling on a number of the Company’s Projects under both JV and 100% owned.
If you have any follow up questions for Zach please email me at Fleck@kereport.com.
Click here to read over the March 28th news release that we focused on.
Rob Shewchuck, Chairman and CEO of LithiumBank (just listed today on the TSX.V under the symbol LBNK) joins me to walk through the Corporate strategy and key assets, focused on direct lithium brine in Alberta.
We start be recapping the founding of the Company and how the project portfolio was built out. We then focus on the flagship asset, the Sturgeon Lake Property which already has a resource of 5.97million tonnes LCE (lithium carbonate equivalent) inferred resources. We compare this resource to other well known lithium assets in the sector. We also discuss the plans to continue to de-risk and move this asset toward development.
If you have any follow up questions for rob regarding LithiumBank please email me at Fleck@kereport.com.
Click here to read over the LithiumBank corporate Presentation.
Interview Disclaimer Note – This interview was recorded a couple weeks ago but we held off on posting until the listing was live.
Craig Hemke, Founder and Editor of TF Metals Report, joins us to discuss the set up in the precious metals sector as gold closed today at the all-time high on a quarterly basis. While this was an encouraging technical data point for the longer-term trend, we review that there has still been lower volume in the gold and mining stocks trading and that most of it has been focused on the senior miners like Newmont.
We then go on to outline the ongoing Fed policy and rate hikes in the face of stickier high inflation and slowing growth, and how eventually the environment of stagflation could turn into a recessionary environment and ponder if the PM sector would get sold down with everything else. Craig believes that the generalist will be reminded, once again, when the curtain is pulled back showing the reality of monetary policy’s limitations, that the Fed cannot normalize interest rates, and eventually will need to shift back to cutting rates to placate the markets.
Next we unpack that it may take gold and silver to break out to new all-time price highs before we really see big generalist moves into the mining stocks. We wrap up with getting Craig’s thoughts on silver price action and the silver miners, and some parting thought on being a patient value investor and precious metals accumulator.
Click here to visit Craig’s site, TF Metals Report.
Walter Coles, President and CEO of Skeena Resources (TSX:SKE – NYSE:SKE) joins us to recap yesterday’s news announcing the acquisition of QuestEx Gold & Copper and the concurrent sale of some QuestEx assets to Newmont. There are a couple key moving parts to understand in the transaction so we start by having Walter simplify the cash and share components as well as the main strategy for Skeena behind this deal.
We then focus on the two Projects that Skeena will be keeping, both in the Golden Triangle, between the Eskay Creek and Snip Projects. These Projects are the KSP and Kingpin Properties.
As Eskay Creek is still the focus for the Company we have Walter outline the high-level exploration plans and key growth events this year. This ties into a discussion on Skeena as a possible M&A target. It’s a question I’ve received a number of time recently so we have Walter share what he can about this.
If you have any follow up questions for Walter or the team at Skeena please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Skeena website and read over the recent news releases.
Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA – NYSE:VZLA) joins us to recap the news this month, including the initial resource estimate and drill results from the large ongoing exploration program at the Panuco Project in Mexico.
A big focus of the interview is on the current drill program to continue to grow the over 100million oz silver equivalent resource. Mike details some of the additional discoveries and targets that he is excited about this in this year’s program.
If you have any follow up questions for Mike regarding the initial resource, recent drill results or the exploration program this year please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Vizsla Silver website and read over all the recent news.
Martin Turenne, President and CEO of FPX Nickel (TSX.V:FPX – OTCQB:FPOCF) joins us to recap yesterday’s news announcing a new subsidiary company, CO2 Lock Corp.
Martin outline the strategy for the Company to use technology based solutions and focus on brucite-rich deposits around the world. Since this is a new Company we focused on the next steps to grow the Company and if/when it could be listed on an exchange.
Click here to read over the full news release from FPX Nickel.
Click here to visit the CO2 Lock Corp website to read over the Corporate Presentation.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss his technical outlook on gold and the gold mining stocks. We start off reviewing the strong quarterly close that we’ll see in the yellow metal tomorrow, but that the weakness in the March monthly candle, where gold gave back most of its gains during the course of the month, and further confirmed by the setup on the daily chart, that all indications are for an ongoing corrective period for the short to medium-term.
We then transition over to the strength in the mining stocks in the first quarter, and that Jordan is more constructive on the action in GDX and GDXJ where they did not go back down to fill their break out gaps, and didn’t have nearly as many bearish candles as gold has had. He sees the current consolidation in the mining stocks as likely forming a bullish flag or pennant, and that they have the potential to continue outperforming the metals.
Click here to visit The Daily Gold website and keep up to date on Jordan’s technical outlook.
Michael Wood, CEO and Director of Reyna Gold Corp. (TSX.V: REYG) (OTCQB: REYGF), joins us for a company introduction to the flagship La Gloria Project, a 24,215 ha area located along the Mojave-Sonora Megashear trend in Sonora, Mexico.
The was some historic drilling the exploration team is using as a guide, but the Company is cashed up with $10 million from a recent financing and has embarked on the first 10,000 meter drill program that kicked off in February. With 3,000 meters completed thus far, some of the first assays should be coming back in to report to the market later in April. There are 5 main target areas, but the focus in 2022 is going to be on the Main Zone, which is being drilled first, and then later in the year the surface work and drilling will turn to the El Sombrero target area. The exploration team is guided by the prolific geologists Dr Peter Megaw and Doug Kerwin as technical advisors, and solid team acquired from many of the other mines operated by the major producers along this prolific mineralized trend.
If you have any questions for Michael regarding Reyna Gold, then please email us at either Fleck@kereport.com or Shad@kereport.com.
Corporate Presentation
Reyna Gold News
Josef Schachter, Founder of the Schachter Energy Report joins us to share his outlook for the energy sector focused on oil and gas. We start by discussing how much of a war premium remains in the oil price. This ties into some of the recent data out of the sector and a general discussion on the supply side. We then move to the stocks which have preformed very well in the higher oil price environment .
Click here to learn more about the investment letters from Josef.
Dave Erfle, Founder of The Junior Miner Junky, joins us to review the precious metals sector and remains encouraged by the strength in the mining stocks, and silver, despite the larger corrective move in the gold price. We note how the mining stocks have diverged somewhat from the metals, and they are consolidating at t higher level into compression triangles, have mostly held onto their gains over the last 6 weeks, as the geopolitical premium came out of the markets. Dave noted that both GDX and GDXJ both made 52 week highs just last week and were overbought on the RSI levels, so taking a breather to base makes sense here, and even today when the PMs sold off hard in the earlier morning, most of the miners were bought right back up again and they quickly rebounded back up higher again.
We spend the remainder of the interview discussing Dave’s approach to getting into positions over time, what fundamental steps he takes beforehand when doing his due diligence on companies and management teams to build his watchlist, and then what technical setups he looks for to initiate bids. We wrap up with how the he has structured his portfolio at this point in the cycle, with the number of and which stage of companies he has selected, and then how that may change over time as the metals break out to new all time highs.
Click here to visit the Junior Miner junky website to learn more about Dave’s newsletter.
Sean Brodrick, Natural Resource Analyst at Weiss Ratings and Editor over at the Wealth Wave website, joins us to share his current investing strategies for a wide range of commodities, now that the sector has seen an across-the-board corrective move. Sean sees these pullbacks in most commodity-related mining stocks or sector ETFs as buying opportunities as they continue to correct, especially for investors that just missed the recent surge higher over the last few months. We also drive down into the stocks, especially oil, gold, lithium, agricultural commodities and food, fertilizers, and the cannabis stocks.
Click here to visit the Wealth Wave website and keep up to date with what Sean is investing in.
Ryan King, VP of Corporate Development and IR at Calibre Mining (TSX: CXB – OTCQX: CXBMF), joins us for the overall exploration strategy for 2022, with a large 85,000 meter exploration program at multiple properties in both Nicaragua and Nevada.
First we get an in-depth review of all the resource expansion and exploration focus across Nicaragua at the 4 main areas of focus; Limon, Libertad, Pavon Norte/Pavon Central/Pavon South, and Eastern Borosi. Ryan goes into a number of growth targets around each of these projects, and also outlines how quick the timeline has been to explore, develop, permit, and then move the prior satellite deposits into production thus far.
We wrap up a with a review of the exploration and development focus at the Nevada projects, mostly around the producing Pan Mine, but with some exploration and development work going on at the Gold Rock development project
If you have any follow up questions for Ryan on Calibre Mining, then please email us at Fleck@kereport.com or Shad@kereport.com.
https://www.calibremining.com/news/
Harry Barr, Chairman and CEO of New Age Metals (TSX.V:NAM – OTCQB:NMTLF) joins us for an update on the exploration and development work the Company is doing to advance their 3 projects focused on the PGMs, battery metals, and lithium. We start by reviewing the ongoing work in preparation of the upcoming Pre-Feasibility Study on the flagship River Valley Palladium Project, in Ontario. In addition to all the derisking and metallurgical work underway, there has been a few drill holes put in north of the Dana South area, as well as recent channel samples that were reported to the East of Dana South at a new target area. The company is also moving through a large project of assaying for rhodium in prior drill holes, and will be releasing more assays on that as they are returned, and assaying for rhodium moving forward to transition to it being a payable metal, along with the palladium, platinum, gold, nickel, and cobalt.
Next we review the Manitoba Lithium Division, where the Company holds 7 lithium properties, and signed a binding agreement with Mineral Resources Limited a Major Australian Lithium Producer, for them to earn-in to a 75% interest. There will be drill assays released soon from last year’s drill program at the first project, and there are plans to drill 2 or 3 of the 7 projects in 2022, once the budget from Mineral Resources is approved and returned.
We then wrap up with a review the surface exploration work, with a mix of soil samples, rock chip samples, and trenching that was completed at the Genesis Project, in Alaska, where the Company is awaiting assay results to be returned and announced in the very near future.
If you have any follow up questions for Harry regarding New Age Metals, then please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to read over the news releases for New Age Metals.
Ed Moya, Senior Market Analyst at OANDA joins us to recap some of the early market moves to kick off this week. We start with the continued rise in the US Dollar that has now risen to over 99 on the dollar index. This ties into a discussion on the potential of war premiums still driving certain sectors. We also discuss the cryptocurrencies which have bounced along with the broad markets. The oil sector brought up combined with OPEC policies.
Click here to visit the OANDA website to follow along with Ed’s daily note.
Full Weekend Show On this Weekend’s Show we spend 3 of the 4 segments with Peter Boockvar. It’s been a while since we had him on last so we cover a lot all with the goal of making sense of the markets. Craig Hemke wraps up the show with a focus on the continued strong performance of the precious metals.
Please keep in touch by emailing us at Fleck@kereport.com and Shad@kereport.com.
- Segment 1 – 3 : Peter Boockvar, CIO at Bleackley Advisory Group and Editor of the Boock Report website discusses raising interest rates, central bank policies, broad market weakness, commodities and what the rest of this year looks like. Click here to visit Peter’s Boock Report website.
- Segment 4 – Craig Hemke, Editor of TF Metals Report wraps up the show with a focus on gold, silver and the underlying stocks. Click here to visit Craig’s site for more PM commentary.
Peter Boockvar Craig Hemke
Richard “Doc” Postma joins us to discuss Fed policy, inflation expectations, his more bearish outlook on general US equities, and his longer-term bullish outlook on commodities and the precious metals sector. We start off with what it will mean if the central bank gets more aggressive with hiking rates, and how inflation tapering down once the year over year figures come in during the summer may help balance things out to some degree. We look at why he’ll be watching the recent relief rally in US general equities for a place to short them again, with the exception of the biotech sector that he is more bullish on.
We then move into the commodities and discuss the energy sector and an oil stock he’s been positioned in. We wrap up with an extended series of questions on what his technical outlook is for gold prices in a few different potential scenarios, as well as a handful of gold mining mid-tiers and junior mining stocks that Doc is accumulating on pullbacks.
Marc Chandler, Managing Partner at Bannockburn Global ForEx, joins us to unpack the Fed starting it’s rate hiking cycle last week, and how this effects the bonds and interest rate markets, and currencies. We start off with the recent calls for a more aggressive central bank action plan of 50 basis point hikes in the meetings to come, to help normalize rates in the face of persistently high inflation. Marc believes inflation may start trending lower due to year over year base effects, and that the market will be forward looking in this regard and use and 18 month average expectation for guidance in relation to where interest rates have trended. We also the discuss the trends globally of other central banks to start hiking rates more aggressively, noting that the Canadian central bank may also hike next meeting by 50 basis points.
Next we shift over to the currency markets and note that most of the commodity currencies like the Canadian dollar, Australian dollar, Brazilian Real, and even the Mexican Peso has been gaining ground on the US Dollar. Marc believes the US Dollar, is often at the fulcrum of a teeter totter, where one one side there are the commodity currencies just mentioned, and on the other side the heavier weighted European Euro and Japanese Yen, have been falling in relation to the greenback, keep the US Dollar stable around the 98-99 level. Marc outlines why he is less concerned about the replacement of the US Dollar as the reserve currency and notes how other countries, even trading commodities in other currencies are still either pegged to the dollar or reference the dollar in transactions.
We wrap up with the news and key data points expected to be released in the week come highlighting the coming US Jobs Report, the Chinese PMI reading which will likely show slowing growth, the Japanese Tankan Survey, and the Eurozone CPI reading.
Click here to visit Marc’s blog – Marc to Market.
Jayant Bhandari joins us today to reflect on the run higher in commodities we’ve seen the last few months, and why he feels that most of the macro factors driving things higher are really due to raging inflation, and not as much the war in Ukraine. He outlines that even if the war was to resolve immediately, that only 10-15% of the commodity price moves would come off in most cases, and feels there are longer term structural and supply demand trends in place behind the higher oil and nat gas prices, base metals prices, and agricultural commodities.
Next we shift the conversation over to reviewing value in the gold mining stocks and Jayant highlights that West Vault Mining (WVM) is a company showing good potential for a rerating in value on their Hasbrouck & Three Hills projects in Nevada. We go on to discuss other companies that are creating value by reinterpreting and looking at historic projects in new ways that highlight this value to the market place and we mentioned Artemis Gold (ARTG), Prime Mining(PRYM), Gold Mountain (GMTN), and Zacatecas Silver (ZAC) as other examples of daylighting value from historic projects.
http://jayantbhandari.com/
Erik Wetterling, Founder and Editor of the Hedgeless Horseman website, joins us to discuss the large disconnect being seen in junior miners from the rest of the precious metals sector, which has largely been trending higher most of the year. As a contrarian value investor in the gold and silver junior mining stocks, Eric mentions that this is one of the most extreme mismatches in valuations versus potential upside that he’s seen or expects to see again.
Next we reviewed the tendency investors will have, after a protracted corrective period, to take profits too early after seeing some of these miners finally start to move higher, and balanced that out with the personal journey all investors are on and that some may just want exit positions after reaching parity again. Erik expands on why he feels it is far to early to be considering an exit strategy, when there is so much upside still left in the sector if it gold was to break higher out of the cup and handle pattern, and that some of the larger miners have only now started to break meaningfully higher. Erik’s basic premise it buy companies where he feels they have a substantial undervaluation at present, and to hold them for 1-3 years until the valuation is more properly factored in.
Click here to visit Erik’s site – The Hedgeless Horseman.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review support levels in the precious metals sector after we’ve seen a short-term corrective pullback, in the context of the larger bull market pattern still well underway. We start off discussing the pullback in gold and that Jordan’s earlier target of $1908 came into play, right above key $1900 support, but that he is still watching to see if gold can get up and hold above $1920. Jordan breaks down 2 prior periods where gold corrected, then approached all-time highs, and then had corrective moves followed by even larger rallies. Jordan unpacks where these moves project a potential pullback to the high $1800s, but in the context of that bullish medium-term bounce out of that move, and also in conjunction with the longer-term cup and handle pattern that is also still playing out.
Next we moved over to silver and that while the technical outlook isn’t quite as bullish as gold, and it has more overhead resistance levels to clear at $28-$30, $35-$37, and $50, that Jordan still believes it will eventually start to play catchup to the moves in gold, once the yellow metal is above $2100. We wrap up by taking a look at how the mining stocks via GDX and GDXJ, that have generally held onto more of their gains and have better technical setups than the metals; which is a constructive development in the sector.
Click here to visit The Daily Gold website and keep up to date on Jordan’s technical outlook.
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX) (OTC: MKNVF), joins us to outline the upcoming drill programs at both the Tomtebo Project and Gruvberget Project in Sweden, and Bakar Copper Property located on Northern Vancouver Island in British Columbia.
There will be 1200 meters over 3 holes drilled at the Tomtebo Project, with 2 of the holes testing massive sulfide extensions at depth using EM data, and 1 step-out regional hole testing an exciting anomaly. At the Gruvberget Project there 1800 meters over 10 holes planned for a maiden drill program, following up on historic data. In the second half of the year drilling at the Bakar Copper Property will comprise 800 meters in two holes to test the high priority Elephant Crossing Target, following up on high-grade copper rock chip samples and ZTEM anomalies.
If you have any follow up questions for Garret regarding District Metals, then please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release recapping the drill results.
Jeffery White, VP of Investor Relations for Falco Resources (TSX.V:FPC – OTC:FPRGF), joins us to outline the Project economics, resources, mix of metals, and projected production profile of the Company’s Horne 5 Deposit, in the Abitibi region of Quebec.
We start off by looking at how the project economics improved from 2017 to the updated Feasibility Study released in 2021, and then also detailed how robust the economics are with sensitivities to current metals prices. The Horne 5 Deposit has 6.1 million gold equivalent ounces in reserves, and over 9 million gold equivalent ounces in all categories. The mix of metals represented in the project is 68% gold, 7.4% silver, 9.4% copper, and 14.9% zinc. The Project is estimated to produce 220,000 ounces of gold annually, with a total of 320,000 ounces of gold equivalent ounces annually over a 15 year mine life.
Next we shift over to the key milestones for 2022 and 2023 for investors to keep tabs on and get a breakdown from Jeff on the Capex needed for various parts of the development process. We also discuss the large company partners that all have an interest in this asset and will help with various parts of the Project financing. These partners include Osisko Gold Royalties, Osisko Development, the Province of Quebec, and Glencore.
Please email us with any follow up questions you have for Jeff regarding Falco and the Horne 5 Deposit. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to read over the Falco Corporate Presentation.
Quinton Hennigh, Technical Advisor and Director of Eskay Mining (TSX.V:ESK – OTCQX:ESKYF) and John DeDecker, VP of Exploration, joins me to recap yesterday’s news reporting the final drill results from the 2021 drill program at the Consolidated Eskay Property, in the Golden Triangle of BC.
We start by having Quinton recap the overall goals of the drill program and the key results. Most of the drilling was focused on the TV and Jeff Zones there were some news targets drilled. A new discovery that was reported in the news yesterday was the C-10 Prospect. John provides more information on this new discovery and the the follow up work planed. Quinton also provides insights on the drill program upcoming for this year.
If you have any follow up questions for the team over at Eskay Mining please email me at Fleck@kereport.com.
Click here to read over yesterday’s news release that we discussed.
Dave Erfle, Founder of The Junior Miner Junky, joins us to review the big corrective move we’ve seen in the precious metals sector as the geopolitical premium came out of the markets since the end of last week. We start off by reviewing the generally bullish longer-term technical setup despite the recent pullback, and that Dave would ultimately like to see a quarterly close in gold above $1975 to confirm the breakout on the longer duration Cup & Handle Pattern on the chart, which is still unclear here in mid-March whether that will still be possible.
We then pivot over to look at how the mining stocks have not moved to valuations even close to prior cycles when metals prices got to levels we saw just last week, and look at what it will take for them to catch up with the moves in the underlying metals. Dave is still encouraged by the upward trends on the GDX:GLD and GDXJ:GLD ratio charts, and believes the strength in the mining stocks today, in the face of falling gold and silver prices, is another indicator that the stocks are sniffing out another turn higher in anticipation of the Fed rate hiking cycle set to begin tomorrow. Next we shift over to how the mining stocks may be correlated recently with the moves in the general us equities markets, and Dave is still expecting that trend to diverge like we saw for most of the year until recently, and feels this further divergence is what will drive new buying into the PM sector. We wrap up with the unusual news of the movie theater chain company AMC Entertainment (AMC) buying a stake in a gold mining company along with Eric Sprott, and how this may be an early indication of more speculative money starting to follow the mining sector.
Click here to visit the Junior Miner junky website to learn more about Dave’s newsletter.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to make sense of the continued volatility in the markets. We start on the commodity front where some of the recent spikes have been sold off to levels close to where they were when the war started. This is telling us that the market thinks the war is over, however comments today by Putin say the otherwise. We tie the volatility to the the Fed meeting tomorrow and what the Fed is going to do.
Click here to visit Joel’s PreMarket Prep website to keep up to date on when he’s seeing in the markets.
Paul Geddes, VP of Exploration and Resource Development at Skeena Resources (TSX:SKE – NYSE:SKE) joins me to recap the final drill results from the 2021 drill program at the Eskay Creek Project, in the Golden Triangle of BC.
We start with the latest results that expand on one of the new discoveries, the 21A West Zone and hole 997 that yielded 8.95g/t AuEq over 34 meters. As Pual states hole 997 was drilled within the pit in an area that was previously thought to be waste material. I also have Paul relate these results to the other new discovery of the 23 Zone, announced in January.
We then focus on the 60,000 meter drill program for this year. Paul shares the main areas being focused on with the goal of continuing to make new discoveries and expand on the recent discoveries.
If you have any follow up questions for Paul please email me at Fleck@kereport.com.
Click here to read over the full news release that Paul and I discussed.
Peter Dembicki, President and CEO of Tier One Silver (TSX.V:TSLV – OTCQB:TSLVF) and Christian Rios, VP of Exploration join me for an update on yesterday’s news release highlighting the drill targets for the upcoming Phase 2 drill program at the Curibaya Project in Peru.
The Phase 2 program will have a general focus on the northern part of the Property, at the Cambaya Corridor (see Figure 1 posted below), as well as a new copper porphyry target (see Figure 5 also posted below). We recap the overall strategy of the program and what work still needs to be completed before drills hit the ground.
If you have any follow up questions for the team at Tier One Silver please email me at Fleck@kereport.com.
Click here to read over the most recent news release on the targets and drill program at Curibaya.
Figure 1: Illustrates structural corridors and significant drill hole and channel sampling results from the Curibaya project to date.
Figure 5: Illustrates the geochemical zonation observed within the precious metal veins within the Curibaya project area. An analysis of vein geochemistry across the property has demonstrated concentric zonation with copper-lead-zinc zoning outward into lead +/- copper and then zinc +/- lead in the peripheral zone. This geochemical zonation is consistent with porphyry systems and the central copper-lead-zinc zone would be the primary target area at depth. In addition, the magnetic and chargeability anomalies shown on the figure could represent an intrusion or potassic alteration and sulphidation, respectively, at a depth of approximately 400 m.
John Rubino, Founder and Editor of The Dollar Collapse website, joins us to discuss the recent pullback in the commodities on more market optimism on a resolution to war between Ukraine and Russia, but how the evolving supply chains may be changing longer term for raw materials, energy, and food.
We discuss how global trade for many commodities is very unsettled at present, and these conditions are likely to persist even if there is a reduction in the Ukraine situation, long after the fact, as new alliances are forges and old supply chains are disrupted. We also look at how record high inflation is unlikely to come down far enough to where the Fed’s monetary policies and rate hikes have much of an effect on normalizing interest rates and taming inflation. All of these factors may be adding up to the realization of many nations of the important role mining plays in extracting raw materials and may put the mining industry in cue for more government and individual support to establish new sources of domestic supply.
Click here to visit John’s site, The Dollar Collapse.
Ed Moya, Senior Market Analyst at OANDA, joins us to understand the strong wave of optimism that the Ukraine tensions and talks are proceeding in a constructive manner, and how that is impacting the markets. We are seeing the commodities across the board from oil and natural gas, to gold, palladium, and other base metals continue the correction that started the end of last week on this news, and this brings up the discussion of how supply chains and trading national trading partnerships may change as a result of these recent geopolitical events.
Next we shifted over to the health of the economy with the consumers living off savings and even starting to buy on credit, and still faced with very high inflation in most prices for goods and services. We reviewed that if businesses can pass their higher input costs and rising wages for staff on to consumers then this may hit their future earnings results, further impacting calls for slowing growth. Things then shift over to a talk about the upcoming Fed rate hikes slated to start this week, and about how many hikes they guide for the balance of the year, and whether or not this is all going to have much impact on record high levels of inflation, or even if they can normalize interest rates.
Ed feels that in this volatile environment of rising rates, that the financial sector will still benefit, and that the consumer staples sector may be the defensive area of the market that many investors rotate into to ride out the remaining choppiness.
Click here to follow along with Ed’s daily note over at OANDA.
Serafino Iacono, CEO of NG Energy (TSX.V:GASX – OTC:GASXF) joins us to review the growth potential for the next 2 years for natural gas and now light oil focused in Colombia. The Company has 3 assets, 2 of which have straightforward pathways to production, Maria Conchita and SINU 9.
We start off by having Serafino outline the progress at the Maria Conchita project bringing online the Aruchara-1 Well and Istanbul-1 Well this year, ramping up from 20 million cubic feet per to 40 million cubic feet over the next year. The Company has finished installing and hooking up the 14 km pipeline to connect to the Colombia’s network. There is also the plans to bring on the new Tinka-1 Well by September, and this will contribute another 10 million cubic feet to the Maria Conchita production.
Next we shifted over to SINU 9 and outline the work planned to bring those 4 wells into production in 2022, with an initial plan of 100 million cubic feet and then expand to 200 million cubic feet per annum as more wells are drilled in 2023. We also touch on new focus on light oil, from an old historic discovery, where the exploration team will be testing the western area where the Company believes there may be close to 1 billion barrels of oil with 25% recovery, so potentially 250 – 280 million barrels of light oil, and the company will be doing some wildcat drilling to follow up on the historic results.
If you have any follow up questions for Serafino regarding NG Energy, then please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to visit he NG Energy website and learn more about the Company.
Full Weekend Show On this Weekend’s Show we focus on the spike in commodities prices. We gather a couple differing opinions on what’s driving these prices higher, where prices could revert to after the Russia/Ukraine war and the market impacts of upcoming Fed rate hikes.
While so much is still unknown about the near term future the best we can do is try to make sense of the market trends and where investors are positioning themselves.
We hope you all enjoy this Weekend’s Show. Please keep in touch by emailing us at Fleck@kereport.com and Shad@kereport.com
I will be away starting mid next week but dropping in periodically while Shad takes the reins for just over a week.
- Segment 1 – Robert Sinn, AKA Goldfinger on ceo.ca kicks off the show by commenting on the spike in oil prices to start the week. He sent out a note to subscribers at the perfect time on the morning oil spiked to $130/barrel saying it was a blow-off top. We also discuss if any other commodities are at blow-off tops as well as the set up in gold and silver. Click here to follow along with Goldfinger’s trades and market thoughts.
- Segment 2 and 3 – Jeff Christian, Managing Partner at the CPM Group joins us for a discussion on the overall environment for commodities. This ties into a discussion on inflation and price moves throughout this year. Drivers behind the gold price are broken down as well as the hedging environment for major miners. Click here to learn more about the CPM Group.
- Segment 4 – Marc chandler, Managing Partner at Bannockburn Global Forex wraps up the show with an extended discussion on what the currency markets are telling us about investor outlooks. We start with the USD increases balanced with the issues in Europe. The commodities currencies have been under-performing and the Yen is is a precarious position. We then move to Fed policy and gold’s trading this week with the $100 swing in 24 hours. Click here to visit Marc’s blog, Marc To Market.
Exclusive Company Interviews This Week
- Nova Royalty – Looking Ahead To Catalysts For This Base Metals Royalty Company
- Blackrock Silver – In Preparation For Maiden Resource Estimate, Eric Sprott Increased Position Through C$5 Million Private Placement To Become The Largest Stakeholder
- DevvStream – Introducing A New Carbon Credit Streaming Company Focused On Tech Based Solutions
- Newcore Gold – Recapping 2 New Discoveries On The Enchi Gold Project
- Graphene Manufacturing Group – Agreement To Build Graphene Manufacturing Projects and An Update On The Battery Division
- Karora Resources – 2021 Operations Review And 2022 Guidance For This Growth-Oriented Gold-Nickel Producer
- Cartier Resources – A Discussion On The Acquisition Of The East Cadillac Property From O3 Mining And Upcoming Work Plans
- Torq Resources – Updates On Upcoming News From The Santa Cecilia and Margarita Projects
- Scottie Resources – More High-Grade Gold Expansion Drill Results From The Blueberry Zone Yielding 34.6 g/t Gold Over 11.86 Meters
- Group Ten Metals – Exploration Update at the Stillwater West Nickel-Palladium Project
- AbraSilver Resource – Recapping 2021 Drill Results, Updated Resource and PEA and A Look To This Year’s Multiple Drill Programs
Robert Sinn Jeff Christian Marc Chandler
Steve Penny, Publisher of the SilverChartist Report, joins us to share a number of key charts on Gold, Silver, GDX, Uranium, URNM, and the Uranium:Gold ratio. (all charts are posted below so you can follow along). We intermix some macro market insights and recent news related to the precious metals, uranium, and the commodity sector. Steve stresses the point of knowing yourself and having a personal investing strategy, along with ways to manage risks using technical analysis to pick entries, accumulating in tranches on dips, and not chasing overbought rallies. We wrap up with some general comments on the wild moves higher we’ve seen in the commodity sector this week and that despite this big move higher recently, longer-term there is still plenty of room for commodities to continue gaining ground on other asset classes.
Click here to visit the SilverChartist website and sign up for Steve’s free email list. That is the best way to get a handle on Steve’s research.
Craig Hemke, Founder and Editor of TF Metals Report joins me to share his thoughts on the pullback in commodities and upcoming rate hikes from the Fed. We focus on the big picture of inflation, real interest rates and the ongoing war between Russia and Ukraine. There is a lot coming next week, including the rate hike from the Fed, Powell press conference and inflation data.
Click here to visit Craig’s site, TF Metals Report.
John Miniotis, President and CEO of AbraSilver Resource (TSX.V:ABRA – OTC:ABBRF) joins us to bring us all up to speed on the approximately 16,000 meter drill program from 2021 as well as the updated resource and PEA. We also look ahead to the drilling this year, with a 20,000 meter Phase 2 program three quarters completed and a Phase 3 program planned for later this year. The Company has around $20million still in the bank to move ahead with all the growth plans for this. A Pre-Feasibility Study is also planned for early next year.
If you have any follow up questions for John at AbraSilver please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the AbraSilver Resource website and read over the recent news.
Erik Wetterling, Founder and Editor of the Hedgeless Horseman website, joins us to share his perspectives on being a contrarian value investor in junior mining investing, versus the more common sporadic trading approach based on sentiment and momentum. We review, once again, that despite the higher gold and silver prices, and movement in the larger cap producers and royalty companies, that most of the junior stocks are still lagging and not confirming these moves higher in the metals.
Erik contrasts some of the valuations we saw pre-discovery in previous frothy periods of speculation in junior miners, and contrasts that to the present environment we bad news is severely discounted, and even good news only produces muted responses, if any. He continues to see unrealized value in juniors across the board, but especially in those companies that are continuing to derisk projects and that are conducting meaningful work, but are not getting rewarded for it. Eloro Resources (TSX.V: ELO) is one company he highlighted as an example that just put out one of their bear drill holes to date with little reaction.
Click here to visit Erik’s site – The Hedgeless Horseman.
Michael Rowley, President and CEO of Group Ten Metals (TSX.V: PGE – OTCQB: PGEZF) joins us for an exploration update and big picture overview of the Company’s flagship Stillwater West project in Montana. We start off by reviewing the big moves in most metal prices recently, with a particular focus on the 2 largest metals in the resources at Stillwater West, both nickel and palladium. Based on the Maiden Resource Estimate released last October, the resource breaks down to 42% nickel, 20% palladium, 12% copper, 10% cobalt, 5% platinum, 5% rhodium, and 4% gold.
Next we shifted over to exploration progress, where a second tranche of 4 drill hole assay results were announced on March 7th, taking it up to 6 total holes released thus far from last year’s program from the 14-hole resource expansion campaign. These results were mineral rich in a number of key battery metals and PGMs, and continue to advance Stillwater West towards expanded resource estimates in three of the five deposit areas – the Chrome Mountain area at Hybrid and DR, the CZ area, and the HGR target at the Iron Mountain area. More holes will be released in 2 or 3 more tranches from last year’s program, and Mike outlines the Company well-developed plan for the next phase of drilling to begin later in 2022.
If you have any follow up questions for Mike regarding Group Ten metals, then please email us at Fleck@kereport.com or Shad@kereport.com.
https://grouptenmetals.com/news/2022/
Brad Rouke, President and CEO of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF) joins us to recap the March 8th news release reporting the final drill results from the 2021 program at Scottie Gold Mine Project, in the Golden Triangle of BC. The Company is continuing to hit high grade gold over long widths at the Blueberry Contact Zone. The most recent drill result of 34.6 g/t gold over 11.86 meters extended the mineralization at the Blueberry Zone to more than 720 meters.
We have Brad recap the most recent results as well as the summarize the full 2021 program. With 10 holes grading over 100 gram meters over the full program the Blueberry Zone has turned into the main focus for the Company. We also look ahead to this year’s expected program which will have the most drilling at Blueberry to date.
If you have any follow up questions for Brad regarding the drill results or plans for this year please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to to read over the most recent news releases out of the Company.
Shawn Wallace, Executive Chairman of Torq Resources (TSX.V:TORQ – OTCQX:TRBMF) joins us for an update on the work program at the Margarita Project and how the newly acquired Santa Cecilia Project community access agreement are progressing. We also discuss the exploration environment in Chile in terms of larger mining companies.
If you have any follow up questions for Shawn please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the recent news out of Torq Resources.
Philippe Cloutier, President and CEO of Cartier Resources (TSX.V:ECR – OTC:ECRFF) joins us to recap the LoI signed with O3 Mining to acquire the East Cadillac Property, which surrounds the Chimo Mine Property, in Quebec. This acquisition greatly expands the land package for the Company and adds ounces to the overall resource.
We have Philippe outline some of the near term drill targets that the Company will test this year once the deal is closed. We also discuss the catalysts this year to watch for to advance the Company.
If you have any follow up questions for Philippe please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release highlighting the LoI to acquire the East Cadillac Project.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to outline why gold may not have the rally many are expecting if we don’t see a correction lower first heading into the Fed rate hiking cycle. We discuss 3 potential paths forward for the precious metals based on whether 1) gold has one more capitulative move down prior to the rate hikes, versus 2) gold continuing to channel sideways into the rate hikes, or if 3) gold could sustain and upwards trajectory and break out higher in the event inflation readings keep coming in hotter than anticipated.
Jordan reaffirms that his expectations are that inflation has mostly peaked here, so the continuation move higher in gold seems like the least likely option, but we do dig in a bit more to the scenario where if gold trends sideways into the hikes that it will likely bottom after a few hikes and then turn higher when the market starts to anticipate in advance that the Fed will be pressured to stop the rate hike cycle and reverse course. The most ideal scenario is still corrective move leading into this central bank policy change.
We wrap up with thoughts on how watching the yield curve and action in bonds will be instructive for just how much wiggle room the Fed has, but note the risks they face by starting so far behind the curve and with inflation already have run so far beyond their initial expectations.
Click here to visit The Daily Gold website and keep up to date on Jordan’s technical outlook.
Dave Erfle, Founder of The Junior Miner Junky joins us to recap the recent action in gold, GDX and GDXJ. The gold price continues to hold above $1,800 and the stocks have also rebounded from key support levels. We discuss some of the key characteristics that Dave is looking for in junior stocks.
Click here to visit the Junior Miner junky website to learn more about Dave’s newsletter.
Fred Bell, President and CEO of Elemental Royalties (TSX.V:ELE – OTCQX:ELEMF), joins us to discuss the recent hostile takeover bid received from Gold Royalty Corp (NYSE: GROY), and why the key shareholders he has talked to are not inclined to vote towards accepting the offer for a number of factors seen as inadequate. The company issues a press release on January 26th titled: “Elemental Board Of Directors Unanimously Recommends Shareholders Reject The Hostile Bid.”
We discussed that the attraction was to the Company’s pipeline of cash flowing assets which are very hard to come by in this competitive market, and that they have a great deal of growth over the next few years that has not been daylighted yet in the current valuation. Fred unpacks the two largest royalties being the Karlawinda Gold Mine Royalty operated by Capricorn Metals (ASX.:CMM), which will almost double the Company’s royalty revenue with a mine life of over 10 years, and then the key long-life Wahgnion Gold Project Royalty operated by Endeavour Mining (TSX: EDV). Fred also outlined the expected revenues to start by the second half of 2022 at the Mercedes Mine Royalty, that just changed hands from Equinox (NYSE: EQX) to Bear Creek Mining (TSX.V: BCM) and the Mt Pleasant Royalty operated by Zijin Mining (OTC: ZIJMF) that is starting to mine from their royalty concession this year.
If you have any follow up questions for Fred about Elemental Royalties, then please email us at either Fleck@kereport.com or Shad@kereport.com.
Click here to visit the Elemental Royalties website and read over both news releases we discussed.
Dave Clark, CEO of Burin Gold (TSX.V:BURG) joins me to discuss the 10,000 meter drill program that just started at the Hickey’s Pond Project in Newfoundland. We outline the overall goals of the program and the key targets being drilled. This ties into the past exploration work completed on the Project in 2020 as the first drill is focused on expanding on past gold hits.
If you have any follow up question on Burin Gold please email me at Fleck@kereport.com.
Click here to visit the Burin Gold website and read over the recent news.
For an in depth overview of Burin Gold be sure to watch the recording of the webinar I hosted back in November.
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show and Editor of the PreMarket Prep website joins us to look at a couple sectors that are bouncing back. We start with the reopening stocks and the general outlook moving forward as more people build confidence to get back out and doing things. We then move to social media stocks and financials. All of these sectors are bouncing for different reasons but the key factors continue to be Fed policy and Covid. It is interesting to see some more money come into the market after the choppy start to the year.
Click here to visit Joel’s PreMarket Prep website.
Claudia Tornquist, President and CEO of Kodiak Copper (TSX.V:KDK – OTCQB:KDKCF) joins us to recap the February 3rd news release highlighting new high-priority targets on the MDP Project generated using 3D Induced Polarization (3D IP) geophysical and soil geochemical surveys. See Figure 2 from the news release, posted below, for a visual of the large target parallel to the Gate Zone.
We have Claudia recap how these exploration targets were generated, by using a 3D IP and soil geochemical surveys and past drill results as a guild. With a 25,000 meter drill program planned for this year the Company will be testing a number of targets. We recap the key targets to be tested in the program. We also get an update on the Mohave Project in Arizona that will have exploration work starting this year.
If you have any follow up questions for Claudia please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release highlighting the new targets.
Figure 2: Conductivity drape from 3D IP survey at 300 m below surface at Gate Zone. Image shows excellent correlation of conductive trends to drill mineralization at depth, potential to extend Gate east and southwest to depth, a conductive/structural link between Gate and Prime; and a 1 km long parallel geophysical analogue to Gate situated 650 m to the southeast.
Cole Evans, President and CEO of Enduro Metals (TSX.V:ENDR – OTCQB:ENDMF) joins me to recap the drill results released yesterday from the Newmont Lake Project in the Golden Triangle of BC. The 4 holes released were all focused on the Burgundy Ridge Zone. We have Cole recap the initial discovery hole and what these results are telling the team about his new discovery.
We also look ahead to all the drill core that is still at the lab. There were a total of 4 targets drilled with results from only one received to date.
If you have any follow up questions for Cole please email me at Fleck@kereport.com.
Click here to read over the full news release highlighting the drill results.
Table 1: Reported assay intervals for BR21-01, 02, 03, and 04. Metal prices used in CuEq calculations are as follows: Gold $1670/oz, Silver $21.50/oz, Copper $4.10/lb, and Zinc $1.38/lb. The CuEq formula used for calculations is: CuEq % = (Cu ppm + ((Au ppm * $53.85) / $0.009038960) + ((Ag ppm * $0.69) / $0.009038960) + ((Zn ppm * $0.003042382) / $0.003042382)) / 10,000. True widths are unknown as the mineralized body remains open and requires further drill testing. Recoveries are assumed to be 100% for the purposes of equivalent calculations.
Full assay data is available at www.endurometals.com
Doug Bartole, CEO and President of InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF), joins us to overview the key projects, the growth of production, reserves, and funds flow, and the successful acquisition of Prairie Storm Resources Corp in 2021, and how this is setting up the Company for a record year in 2022.
We start off with a review of InPlay’s Cardium oil and gas assets are located in West Central Alberta focused in the 2 key asset land packages at the Pembina and Willesden Green pools. There have already been 11 wells drilled into Pembia so far, with 3 having just been completed in Q1. There were also 2 wells completed in January at Wellesden Green, with 2 more slated to come online in March; making for the most active quarter in the Company’s history. The plan is to focus about 50/50 on the development of the 2 areas for the balance of 2022 with large growth in reserves and production planned, feeding record fund flows. We wrap up with some information on the management team and the financial strength of the balance sheet; with aggressive plans to keep paying down debt, the potential for more acquisitions, and the potential future return to shareholders through dividends or share buybacks as the year progresses.
If you have any further questions for Doug regarding InPlay Oil, then please email us at either Fleck@kereport or Shad@kereport.
https://www.inplayoil.com/news/news-releases
Brian Millar, CEO of Astra Exploration (TSX.V:ASTR) joins us for a look ahead to the 3,000 meter maiden drill program starting this month at the Company’s flagship Pampa Paciencia Project in Chile. The program is approximately a 50/50 split, with 50% being drilled around the known discovery made by B2Gold and 50% on regional new vein targets.
The Company was just listed on the TSX.V on January 26th, 2022.
Please email me with any follow up questions you have for Brian regarding Astra Exploration. My email address is Fleck@kereport.com
Click here to visit the Astra Exploration website and read over the Corporate Presentation.
Ed Moya, Senior Market Analyst at OANDA joins us to look ahead to the key data coming this week, which is all about inflation. This data will immediately be tied to what the Fed will or won’t do in terms of tightening monetary policy. Also tied into the yield comments we look to Europe where yields are rising very quickly. Finally we touch on the slight pullback in oil prices to kick off the week.
Click here to follow along with Ed’s daily market note.
Full Weekend Show Welcome to another KE Report Weekend Show! On This Weekend’s Show we focus on the weakness in US markets, flat gold price and jurisdictional risk in resource stocks. While most of the declines in markets can be attributed to central banks tightening monetary policy, we focus on where markets are going from here when rate hikes start to kick in.
We hope you all enjoy this Weekend’s Show. Please keep in touch by emailing us at Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Richard Postma, AKA Doc kicks off the show by sharing his outlook for US markets, commodities and gold. Doc recently stated he shifted to over 90% cash, we get the reasons why.
- Segment 3 – Dana Lyons, Fund Manager and Editor at The Lyons Share updates us on his recent bearish market calls for US equities. We focus mostly on US markets and gold. Click here to learn more about The Lyons Share.
- Segment 4 – Brian Leni, Founder and Editor of The Junior Stock Review wraps up the show by switching focus to resources stocks. We focus on jurisdictional risk for miners and explorers. Click here to visit Brian’s site.
Exclusive Company Interviews This Week
- Ridgeline Minerals – Acquisition Of Robber Gulch Oxide Gold Project In Idaho, And 2022 Exploration Strategy At Selena And Swift In Nevada
- Summa Silver – 2022 Exploration Strategy And Work Towards Maiden Resource Estimates At Both Mogollon And Hughes
- Lion One Metals – Updates For The Ongoing Drill Program at Tuvatu, Including Infill Results Showing Very High Gold Grades
- Aztec Minerals – Updates On The Current Drill Program At Cervantes and 2022 Plans at Tombstone
- Fathom Nickel Sees Over 10 Meters Of High-grade Nickel And Copper Mineralization Using Portable XRF Scans
- Radisson Mining – A Company Introduction And Exploration Overview At The O’Brien Gold Project
- Exploits Discovery – Recapping The 2021 Exploration Work in Newfoundland, Including 13,500meters Of Drill, And A Look Ahead To Plans This Year
Doc Dana Lyons Brian Leni
Steve Penny, Publisher of the SilverChartist Report, joins us to share a number of key charts on Crude Oil (WTIC) , the Oil:Uranium ratio, Uranium spot price, and the NS Global Uranium Mining ETF (URNM). (all posted below so you can follow along).
Steve sees probabilistic short term weakness in the oil price chart, but is constructive on it getting up to triple digits medium to longer term. We discuss the better setup for a move higher in uranium relative to oil and relative to where overhead resistance levels will come in. While the uranium miners have had a big corrective move, with more potential downside in the near to medium term, Steve outlines that the miners would respond in an outsized manner to any moves higher in the spot pricing, and that longer term he is still very constructive on the whole energy sector.
Click here to visit the SilverChartist website and sign up for Steve’s free email list. That is the best way to get a handle on Steve’s research.
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to outline why he is increasingly confident gold will break down heading into the Fed rate hikes. We discuss why this would follow historical precedent leading into prior rate-hiking cycles, and why it would be preferred to see one last wash out to provide the impetus for solid rally higher in the precious metals once the rate hike cycle get moving and then eventually the Fed reverses course. This ties into a discussion on Jordan’s expectations that inflation has peaked and will start trending down, that the general markets may run into challenges, and that the US dollar will likely top out once the rate hiking cycle plays out.
Click here to visit The Daily Gold website and keep up to date on Jordan’s technical outlook.
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins us to recap the key market news this week which ties into the three themes Marc thinks are key for investors to understand. These themes are; 1) Fed policy expectation tied in with today’s jobs data, 2) Rising rates in Europe, and 3) the oil price continues to breakout.
We address all three of these trends and related market and economic expectations.
Click here to visit Marc’s blog – Marc to Market.
Jeff Swinoga, President and CEO of Exploits Discovery (CSE:NFLD – OTCQX:NFLDF) joins us to provide an update on the 2022 exploration plans across the numerous Projects held by the Company in Newfoundland, as well as recap the work done last year, in 2021.
Starting with the 2021 completed work we have Jeff outline the goals around the 13,500 meters of drilling completed in 2021 on 5 targets. The Company also completed a lot of surface work that continues to generate new targets. We then discuss this year’s plans to follow up on the drilling, when assays are received, and test new targets generated by all the surface work completed. With around C$14million in the bank the Company will be busy exploring and drilling for most of the year.
If you have any follow up questions for Jeff please email us at either Fleck@kereport.com or Shad@kereport.com.
Click here to read over the January 20th news release recapping all the work completed in 2021.
Brien Lundin, Editor of the Gold Newsletter joins us to share his thoughts on the balance of raising capital versus drilling strategies for junior exploration companies in different types of macroeconomic environments.
We start off by discussing just how aggressive a drill play should be in raising capital in tougher markets like we have at present; and when it is better to wait for a turn in the market, and when is best to still forge ahead. Then we get Brien’s thoughts on whether he is more animated by companies that raise funds to try and make a new discovery, versus companies that raise capital to do resource expansion towards the goal of a resource estimate or economic study. We also discuss the overall health of the financing window at present for the junior mining companies.
We wrap up by outlining the why Great Bear Resources (TSX.V: GBR) (OTC: GTBAF) was such a template for a success story in junior mining from the initial discovery, to aggressive exploration expansion, to raising money at successively higher prices, to the takeover win for shareholders that freed up funds to then rotate into the next speculative exploration stories.
Click here to learn more about Brien’s Gold Newsletter.
Rahul Paul, President and CEO of Radisson Mining (TSX.V: RDS) (OTC: RMRDF), joins us to overview the overall exploration results over the last few years on the flagship O’Brien Gold Project located in the Bousquet-Cadillac mining camp along the world-renowned Larder Lake-Cadillac Break in Abitibi, Québec. Since 2019 there has been 119,000 meters of drilling, with 87,000 meters published and released, 29,300 meters pending from 62 holes, and an additional 14,000 meters of deeper drilling planned for 2022.
Rahul outlined how there are 4 high-grade mineralized trends on the O’Brien Gold Project, and that the plan for drilling this year is test deeper zones in the target, which the mineralized trend along the Cadillac Break is known for, as well as to keep testing along strike. The goal will then be to compile all the drilling from the last few years into an updated resource estimate by year-end.
If anyone has any further questions for Rahul regarding Radisson Mining, then please email us at either Fleck@kereport.com or Shad@kereport.com.
https://www.radissonmining.com/press-releases/
Craig Hemke, Founder and Editor of TF Metals Report, joins us to recap the upward trending channel he has noted in the US dollar ever since the June FOMC meeting announced policy changes, and we take a look at how the 200 day moving average has been a key level of resistance for Silver. Craig outlines what scenarios could happen that would change the trend of both charts, and also points to the correlation between a wide range of markets, mostly due to the dependence on the Fed policy in response to inflation.
Click here to visit Craig’s site, TF Metals Report.
Joel Elconin, Co-Host of the Benzinga PreMarket Prep-Show, joins us to review some of the moves in the technology sector, with weakness in many names from payment stocks to, small to mid-cap growth stocks, and even up to the leadership large-cap FAANG stocks. We dsicuss how earnings report misses, name changes, lower advertising budgets, and valuation metrics are coming into play, and how the market dynamics may be starting to change as far as how investors are approaching longer-term positions. We also discuss the importance of using technical analysis for those investors looking to trade these volatile markets. Joel offers some cogent thoughts and trading wisdom as a longer term market veteran and advised investors take account of where they are in their investing journey, their time horizon, risk tolerance, and personal goals.
Click here to visit the PreMarket Prep website.
Erik Wetterling, Founder of The Hedgeless Horseman joins us for a discussion on investing in new discovery plays. This conversation came up on the back of the Bell Copper news release commenting on drill core including pictures of the core. This more than doubled the stock price.
We discuss the different stages of a discovery, from pre-discovery to follow up drill programs that continue to grow a discovery into a true asset and resource. We tie in typical stock moves that we see at each stage of the discovery and why some investors miss out on the biggest moves. On the other side of things we outline just how risky these plays are.
Click here to visit the Hedgeless Horseman website.