The KE Report

This week's Weekend Show shifts the lens back to the core pillars of asset-based investing: Precious Metals and Energy. We explore the disconnect between market sentiment and physical reality, moving from the technical nuances of silver supply deficits to the high-stakes geopolitical maneuvers in the Strait of Hormuz. Our guests analyze why "scarcity narratives" often miss the mark and how investors can find the "growth wedge" in an energy sector bracing for a volatile summer.    Segment 1 & 2 - Jeff Christian, Managing Partner at the CPM Group, discusses the current and future outlook for precious metals through the end of this year. Jeff also provides a critical analysis of the Silver Institute's deficit data and examines the strategic gold maneuvers by central banks, specifically addressing recent activities in Turkey and France.  Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.com/    Segment 3 & 4 - Josef Schachter, founder and editor of the Schachter Energy Report, outlines the shifting dynamics of the Middle East and its impact on global energy markets. Josef analyzes the potential for oil prices to reach new highs or stabilize near $80 based on geopolitical resolutions, while providing specific equity recommendations for both conservative and entrepreneurial investors in the oil and natural gas sectors. Click here to learn more about The Schachter Energy Report - https://schachterenergyreport.ca/ Click here to follow Josef on Substack at his Eye One Energy Report. - https://josefschachter.substack.com/    If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don't forget to subscribe and leave us a review!   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Stefan Sklepowicz, CEO of Kirkland Lake Discoveries (TSXV: KLDC) (OTCQB: KLKLF), joins me for an exploration update on the high-grade gold over multiple broad intercepts in the first drill hole returned from KL South at the South Zone of the Mirado target. This is part of their ongoing 25,000 meter ongoing 2026 diamond drilling program at the past-producing Mirado property.  Their district-scale exploration portfolio, spanning KL West, KL East, and now KL South is located in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt; one of the most prolific mining districts in the world.   Highlights   KLM26-001 1.10 g/t Au over 15.1 m from 39.6 m to 54.6 m 5.66 g/t Au over 18.2 m from 62.0 m to 80.2 m, including 23.03 g/t Au over 4.3 m 3.30 g/t Au over 18.7 m from 96.7 m to 115.3 m, including 5.49 g/t Au over 4.9 m, and 3.92 g/t over 4.1 m   KLM26-001B Wedge 1.78 g/t Au over 23.9 m from 88.5 m to 112.5 m Visible gold observed in multiple holes (see Figure 2) Broad zones of continuous mineralization Expedited assay results through Paragon and use of PhotonAssay™   Stefan mentioned this is just the first drill hole returned from the Mirado area, but that 9 other holes have also been completed and there will be another 4,000-5,000 meters of drilling here in this area of KL South throughout the balance of this program. The company will be doing some confirmation holes and some step-out or deeper holes under historic drilling to expand the mineralized footprint at both the South Zone and North Zone.   There are also other regional targets at KL South like MZ Zone, Bank, and Gold Hill that are on crown land, and will require different permits to drill in the future.   Additionally, there are still 39 drill holes that were completed up at KL West pending results from a different assay lab, building upon the encouraging drill results from Summer 2025. 12,000 meters have already been drilled at KL West, where only 1,000 meters of assays have been returned back thus far, from the Wolverine Bend target.      If you have any questions for Stefan about Kirkland Lake Discoveries then please email them into me at Shad@kereport.com.   Click here to follow the latest news from Kirkland Lake Discoveries   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

José M. García, CEO and Director of Silver X Mining (TSX.V:AGX – OTCQB:AGXPF), joins me for a comprehensive news update highlighting recent announcements on:   Q1 production metrics, and an overview of their aggressive multi-year growth plan to increase throughput levels from the Tangana Mine silver production and via increases to the plant capacity of the Recuperada Plant and construction of a 2nd Tangana Plant. In tandem to those workstreams, their team has ongoing development and exploration work programs at both the Plata Mine and Red Silver Mine areas for new production to begin about a year out which will augment the consolidated production at their Nueva Recuperada Project, located in central Peru. There is an ongoing 40,000 meter drill program that kicked off last fall. We also review the accretive acquisition of the Pampas Gold-Silver Project, located a little over 30kms away from Nueva Recuperada; and how it will factor into upcoming exploration initiatives, and the future development and production pipeline for the Company.   First Quarter 2026 Production Highlights   Metal production increased quarter-over-quarter, supported by higher throughput, improved head grades, and increased gold production, demonstrating a clear improvement in operational performance and metal throughput. Processed tonnage increased to 44,883 MT in 1Q26, up from 41,635 MT in 4Q25, representing an 8% quarter-over-quarter increase. In March 2026 alone, processed tonnage reached 20,645 MT, as production capacity expands at the Nueva Recuperada plant. Silver ounces processed increased to 125,195 oz in 1Q26, compared to 113,734 oz in 4Q25, representing a 10% sequential improvement driven primarily by higher silver head grades. Gold ounces processed rose to 1,419 oz in 1Q26, compared to 1,183 oz in 4Q25, representing 20% increase driven by targeting higher-value zones within the mine. Silver equivalent ounces (AgEq) processed were 253,114 oz in 1Q26, versus 266,995 oz in 4Q25. The decrease in AgEq ounces is primarily attributable to higher silver prices during the quarter (approximately US$83/oz in 1Q26 vs US$55/oz in 4Q25).   We start off by having José outline some of the step changes in growing the production throughput at Tangana, taking throughput from 500-600 tonnes per day (tpd) up to nameplate capacity of the plant at 720-750 tpd.  They are seeking permits in the middle of this year to expand the Recuperada plant throughput to 1,000 tpd by the end of 2026.  The operations team is also looking at incorporating ore-sorting technology to further upgrade the ore, and discard more waste before running the material through the mill.   Then looking ahead 2-3 years, as outlined in their expanded Preliminary Economic Assessment (PEA) released to the market on September 4th, 2025, they will increase the Recuperada Plant capacity up to 1,500 tpd, and also build a new Tangana Plant also with 1,500 tpd capacity, taking throughput up to 3,000 tpd by 2029.   The vision is to increase mining, development, and grade from the Tangana unit to eventually feed the new plant, with higher grade material from both the Plata Mining Unit and Red Silver Mining Unit eventually feeding the Recuperada Plant.   When both plants are running at full capacity with 3,000 tpd the projected output would be over 6 million silver equivalent ounces of production per annum.   On March 24th, 2026, Silver X announced the acquisition of the 7,712.5-hectare Pampas Gold-Silver Project in Huancavelica, Peru; adding a new high-grade exploration asset to its precious metals portfolio. High grades: Historical rock chip samples returned up to 85.9 g/t gold and 1,065 g/t silver. District-scale system: 36 mapped gold-silver veins with strike lengths of up to 2,000 metres across a large epithermal system. Major exploration upside: Despite extensive historical work, the project has never been systematically drill tested, with an initial 5,000 m drill program planned.   We spend the balance of the interview unpacking the ongoing 40,000 meter drill program, and aggressive exploration initiatives across their district-scale land package and recent broad silver mineralization returned from drilling at the Blenda Rubia target.   There are multiple goals for this largest drill program to date focused on further delineating the higher-grade areas of each area, updating the confidence in the continuity of known resources with infill drilling, while still looking to make new discoveries along strike and at depth.     If you have any questions for José regarding Silver X Mining, then please email those into me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Silver X Mining at the time of this recording and may choose to buy or sell shares at any time.   Click here to follow the latest news from Silver X Mining     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSX.V:SCZ) (NASDAQ:SCZM) (FSE:1SZ), joins me to highlight their full-year 2025 financial and operational results across their portfolio of producing mines in Bolivia and Mexico. We also review a few of the key growth initiatives that the company has slated for 2026 across multiple projects.    FULL YEAR 2025 HIGHLIGHTS:   Revenues of $326.4 million, a 15% increase year-over-year. Gross Profit of $109.4 million, a 91% increase year-over-year. Net Income of $42.2 million, a 74% decrease year-over-year1. Adjusted EBITDA of $104.6 million, a 99% increase year-over-year. Cash and Highly-Liquid Marketable Securities of $66.7 million, a 87% increase year-over-year2. Working Capital of $63.7 million, a 38% increase year-over-year. Average Realized Price per Ounce of Silver Equivalent Sold of $39.00, a 36% increase year-over-year. AISC per Silver Equivalent Ounce Sold of $30.81, a 18% increase year-over-year. Realized Margin per Silver Equivalent Ounce Sold of $8.19, a 209% increase year-over-year.   Last year was a milestone year for Santacruz, highlighted by the full debt repayment to Glencore, payment of taxes to Bolivia, and still ending the year with ~$70 million added to the treasury and materially strengthened balance sheet.  Strong silver prices throughout the year and improving mine efficiencies contributed to a revenue increase of 15%, and the margin between the average realized price of silver and AISC improved by 209%.   While total production was down 11% due to Bolivar's May 2025 flooding event, the strength and diversification of their multi-asset operating portfolio helped offset the impact, with operations remaining cash-generative and profitable. The Company continues to expect Bolivar's full recovery by Q4 2026, with the dewatering program progressing ahead of plan and driving consistent quarter-over-quarter improvements throughout the year. The Company is beginning to see the benefits of the recovery efforts at Bolivar, now accessing again the high silver-grade Pomabamba and Nané veins.   Next we moved over to the Caballo Blanco Group of mines, which is the lowest cost and thus highest efficiency of their operations.  Colquechaquita and Tres Amigos are the 2 producing mines, but Arturo mentioned that the Company has now brought Esperanza Mine back into production during Q1, and that it should be a profitable smaller zinc-forward mine in this Caballo Blanco complex moving forward.   Next we shifted over to the high-margin San Lucas Group Lucas feed sourcing business (which now includes ore blended from the Reserva Mine, previously part of the Caballo Blanco complex).  Arturo points out that since this is a “margin business” it will always be profitable, but that it will see higher costs in parallel with higher silver prices, and thus the higher amount needed to be paid to the small regional miners that bring in their ore to sell to San Lucas.   The higher costs are not an efficiency issue, but rather reflective of moves up in the metals prices themselves.   Their Zimapán Mine in Mexico will be another area of growth for Santacruz Silver in 2026, after a substantial capital investment last year into plant equipment and improving mine efficiencies and metals recoveries.   Additionally, the operations team had finally gained access to the high-grade 960 Level of the Zimpan Mine at the end of Q4, and so this will be a more significant contributing area of production starting in Q1 2026 and for several years to come.   The operations team is advancing their silver-dominant Soracaya mine towards development and near-term production. There is already a decline ramp into this project with initial stope access in 2 areas, and the plan once the permit is received is to get this mine into initial production by Q4 of 2026.    Wrapping up we discussed the potential for future accretive acquisitions in the Americas.  The board and management team are open to a currently producing mine or development-stage underground mining assets, but only if the acquisition would be accretive for shareholders and if their team can unlock value in these acquired assets.     If you have any follow up questions for Arturo regarding Santacruz Silver, then please email those to me Shad@kereport.com.   In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Santacruz Silver   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.  

In this Daily Editorial, we are joined by Joel Elconin, Co-Host of the PreMarket Prep show and Founder of the Stock Trader Network. With major indices hitting record territory, Joel provides a technical and fundamental deep dive into why this market seems decoupled from global conflict and focused entirely on growth. Key discussion points:  Market Resilience and All-Time Highs: A look at the remarkable V-shaped recovery in April following a turbulent March, and why the market appears to have moved past geopolitical tensions in the Middle East. Earnings Season Expectations: Early insights into Q1 reports, focusing on whether mega-cap tech companies can justify their massive capex spending through tangible AI results and increased profitability. The "Lockout Rally" Dynamics: Analyzing the current "buy the dip" mentality where shallow pullbacks are quickly absorbed, leaving sidelined investors waiting for entry points that may not come. Sector Strength and Rotation: Evaluating the shift from defensive staples back into risk-on growth, including the rebound of software stocks. Banking and Private Credit Health: A review of recent bank earnings from major players and a discussion on why fears regarding a private credit collapse have yet to materialize in the broader financial system. Stocks Mentioned: SPY, QQQ, NVDA, GOOG, AMZN, DAL, JPM, BAC, WFC, ARES   Click here to visit Joel's PreMarket Prep website - https://www.premarketprep.com/   Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/   ----------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I am joined by Mike Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF | FRA: 1RF). Mike provides a comprehensive breakdown of the newly analyzed tungsten data and how it integrates into the existing gold resource at the Rhosgobel gold deposit. We discuss the geological significance of these results, the potential for tungsten as a high-value by-product, and what this means for the project's future economics. Key Discussion Points: Tungsten Resource Potential: Mike discusses the re-sampling of 33 drill holes and the confirmation of tungsten mineralization over an 850-meter strike length. Metallurgical Synergy: An overview of how tungsten (in the form of scheelite) can be recovered using gravity and flotation - the same methods planned for the project's gold recovery. Critical Mineral Strategic Value: Insights into tungsten's status as a critical mineral and how its current high market price could impact the overall value of the RC Gold Project. 2026 Exploration Outlook: A look at the ongoing 60,000-meter drill program and the upcoming milestones.   If you have any follow up questions for the team at Sitka Gold please email me at Fleck@kereport.com.  Click here visit the Sitka Gold website to learn more about the Company - https://sitkagoldcorp.com/   --------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I chat with Simon Dyakowski, President and CEO of Aztec Minerals (TSXV: AZT | OTCQB: AZZTF), to discuss the drill results released on April 15, 2026, from the Tombstone Project in Arizona. Simon provides a deep dive into the 14-holes that targeted the Westside and Contention Main areas, revealing high-grade gold and silver mineralization that continues to expand the project's footprint. The discussion covers: High-Grade Intercepts at Westside: Insights into hole 14, which delivered 107.9 meters of 0.62 g/t gold and 24.8 g/t silver.. Unified Mineralized System: How the latest drilling confirms that the Westside and Contention zones are part of one massive, continuous mineralized system. Bulk Tonnage Potential: A look at the "halo" effect of lower-grade, continuous mineralization that provides the scale necessary for an open-pit mining model. New Exploration Frontiers: An update on the ongoing drill program, with a current focus on the high-priority Hard Up exploration area and historic mine workings. Financial Position and Outlook: A summary of the company's cash position of approximately $6.5 million CAD, fully funding exploration through the summer.   Please email me any questions you have for Simon. My email address is Fleck@kereport.com.    Click here to visit the Aztec Minerals website - https://aztecminerals.com/   Figure 2 & 3. Plan maps showing drill hole collars from the 2025-2026 drill campaign at the Tombstone Property, southeastern Arizona.   --------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Paul Jones, President of Versamet Royalties (TSX: VMET) (NASDAQ: VMET), joins us to outline the key benefits and considerations from the news on April 6th which announced their acquisition of a 3.52% existing gold stream, from fund entities managed by Orion Resource Partners LP and fund entities managed by affiliates of Blackstone Inc., in respect of gold production from the Eskay Creek gold-silver project; owned and operated by Skeena Resources Limited, and located in British Columbia, Canada,   Versamet paid an upfront cash payment of $340 million and issued 2,054,906 common shares to the Vendors. Versamet funded the upfront cash payment through an amended and restated credit facility, which includes an increase of the existing revolving facility from $200 million to $250 million, maturing in March 2029, and a new term facility in the amount of $150 million, maturing in March 2028, for a combined total of $400 million, from the Bank of Montreal and National Bank of Canada. The Amended Credit Facility provides for a $100 million accordion on the revolving facility once the term facility has been repaid in full.   Gold Stream Summary   Gold Stream:Under the Gold Stream, Versamet is entitled to receive 3.52% of the payable gold production for the life of the mine, provided that the mine successfully achieves certain completion tests on or before September 30, 2027. The Gold Stream is uncapped and has no step-downs or buydown provisions and includes an area of interest. Production Profile:Eskay is expected to produce an average of over 300,000 ounces of gold per year in its first 5 years and an average of approximately 230,000 ounces of gold per year over its initial 12 year life. Delivery Payments:For gold ounces delivered to the Gold Stream, Versamet will make ongoing cash payments equal to 10% of the spot gold price at the time of delivery. Gold Stream Percentage:If the completion tests are not satisfied by September 30, 2027, the stream percentage shall increase to 3.57%, 3.62% and 3.67% if completion is achieved in the first, second or third calendar quarters following September 30, 2027, respectively, and a further additional 0.13% per quarter for the remaining calendar quarters until satisfaction of the completion test. Minimum Delivery Provision:If a cumulative total of 2.61 million ounces of payable gold applicable to the Gold Stream has not been produced by April 1, 2040, Versamet is entitled to a one-time delivery of gold equal to the difference between cumulative gold ounces delivered to the Gold Stream at the time and 2.61 million ounces multiplied by the Gold Stream percentage at the time. Security:The Gold Stream is secured over the Eskay Creek project assets.   Paul highlights the nuances between streams versus royalties, the positive tax treatment the stream will receive, the importance of partnering on robust projects with strong operators, and the torque that royalty companies can have if they can demonstrate meaningful growth to the market.    Once Eskay is up and operating at full commercial production, it should augment the projected 20,000-23,000 Gold Equivalent Ounces (GEOs) by an additional 10,000 GEOs per annum.  Paul points out that by borrowing approximately 1/3 of their overall market cap, that they've increased the GEOs by essentially half; not including any future exploration or production upside on the Project.     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.     Click here to follow the latest news from Versamet Royalties     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

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 Austin 904 Complex, underground at the 13 level of the Madsen Gold Project, in the Red Lake district of Ontario, Canada.  We also discuss some of the exploration news on tap in 2026, with assays pending from Fork and Rowan, underground drilling planned along the 13 East Drive into Austin and Derlak, and surface drilling planned at Starratt-Olsen.   AUSTIN 904 COMPLEX HIGHLIGHTS:   Hole MM26D-13-4881-031 intersected 5.35m @ 215.46 g/t Au, from 135.10m to 140.45m, including 2.95m @ 388.90 g/t Au, from 136.00m to 138.95m.  Hole MM26D-13-4881-034 intersected 4.05m @ 50.34 g/t Au, from 135.5m to 139.55m, including 0.5m @ 390.36 g/t Au, from 137.05m to 137.55m. Hole MM26D-13-4881-018 intersected 3m @ 61.70 g/t Au, from 122.5m to 125.5m, including 0.5m @ 61.70 g/t Au, from 123.5m to 124.0m. Hole MM26D-13-4881-026 intersected 8.65m @ 13.25 g/t Au, from 122.35m to 131.00m, including 0.95m @ 42.63 g/t Au, from 123.00m to 123.95m; also including 4m @ 17.64 g/t Au, from 125m to 129m.   The results from Austin 904 Complex presented in this update were all drilled from the 13 Level of the Madsen Mine at approximately 650m depth. These results are in addition to those recently announced on February 25, 2026 which highlighted 219.73 grams per tonne (“g/t”) gold (“Au”) over 4.8 metres (“m”), 148.36 g/t Au over 3m and 133.13 g/t Au over 2.5m.   The Austin 904 presents a unique opportunity in Madsen as a completely intact panel of gold mineralization approximately 200m by 200m in size. This area of the deposit was not historically mined by the old-timers, (as it contained key ventilation infrastructure at that time which is no longer required).  This is rare for the Madsen deposit and places WRLG in a favorable position to have full access to the entire mineralized zone for mining.  This untapped potential is expected to result in larger stopes and increased efficiency during mine design and extraction.   Recent drilling success from the Austin 904 demonstrates the potential for discovery of additional high-grade lenses of gold mineralization in the main Austin Zone very similar to those that have already been delineated in the South Austin 4447 area during the 2025 campaign.   Will mentions that more assays are still pending from the 3,000 meters of drilling at Fork, and the 6,000 meters of drilling at the satellite Rowan deposit.  With regards to future exploration, there will be upcoming underground drilling planned along the 13 East Drive into Lower Austin and Derlak, and more surface drilling into the prior-producing Starratt-Olsen area; which is near-surface and adjacent to Fork.     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.   Click here to visit the West Red Lake Gold website and read over the recent news we discussed.   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

Victor Cantore, President and CEO of Amex Exploration Inc. (TSX.V: AMX) (OTCQX: AMXEF), joins me for an exclusive KER video update, with a visual overview of the Perron Gold Project located in Quebec, Canada. We review the constructive advantages to their site infrastructure, get an exploration update on their expanded land package, highlight the key metrics from the Phase 1 Feasibility Study, and outline the next key milestone as the move into a trial-mining bulk sample process.   Feasibility Phase 1 Highlights Released on March 13, 2026:   Gold production to average 147,000 oz per year over the 5 years of commercial Phase 1 production at an All in Sustaining Cost (“AISC”) of USD$910/oz Au. Projected Post-Tax IRR of 114.6% and Post-Tax NPV5 of CAD$1.13 billion generated from a Cumulative Undiscounted Post-Tax Cash Flow of CAD$1.44 billion at an assumed gold price USD$3,500/oz. The Phase 1 Feasibility Study evaluates an initial development scenario at Perron, building on the broader potential outlined in the September 2025 PEA, which indicated a potential mine life of approximately 17 years. Phase 1 mine development consists of two (2) years pre-production, followed by five (5) years of commercial mining and toll milling operations Executing a toll milling approach reduces risks and accelerates production schedule targeting revenue in 2028   The next key company milestone, before getting to this Phase 1 scenario outlined in the Feasibility Study, will be moving next into the development process for trial-mining of the high-grade Champagne Zone in a bulk sample, to commence the middle of 2027.    This bulk sample will accomplish some of the early-stage development slated for Phase 1 in advance (lowering the stated capex in the F.S.). The company is now permitted to proceed towards site and ramp development over the next year. The plan is then to mine this material for the bulk sample, and process ~40,000 tonnes via toll-milling at a nearby plant; which should result in production of around 20,000-23,000 ounces of gold. This bulk sample will be a learning experience in how the mining process, grade reconciliation, and metals recoveries compare to the economic studies in place; while also generating non-dilutive capital to assist with much of the capital needed for Phase 1 development.   The revenues generated from the bulk sample in 2027, then the 4-5 years of DSO toll-mining in Phase 1, will fund the exploration and development work that feeds into the Phase 2 studies.  Phase 2 will envision the move into a larger production scenario building a processing plant on site, from the robust revenues projected during Phase 1.   In addition to all the development slated for this year, the company is pressing forward with an aggressive 100,000 meter drill campaign, continuing to delineate and expand resources at the main Perron Project; while also beginning to explore on their expanded land package across the provincial border into Ontario.  The company has substantially increased their land holdings through a combination of staking claims and the 2 recent acquisitions of the Perron West and the Abbotsford/Hepburn properties.     If you have any questions for Victor regarding Amex Exploration, then please email them into me at Shad@kereport.com, and we'll get those addressed or covered in future interviews.   In full disclosure, Shad is a shareholder of Amex Exploration at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Amex Exploration   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

Maura Kolb, President, of Dryden Gold Corp (TSX.V: DRY) (OTCQB: DRYGF), joins me for an exploration update where there have been three new high-grade gold discoveries on the Big Master Gold System at Gold Rock. The new Sparrow and Ruby discoveries represent 300-meter step-outs to the northeast from the known high-grade zones at Treasure and Barrelman (Figures 1 & 2).   We also discuss the 2026 work program at the 3 regional areas:  Gold Rock Camp, Sherridon, and Hyndman across their Dryden Gold District, in Northwestern Ontario, Canada.   We'll be covering all of these 3 regional areas of focus in visual detail in an upcoming webinar next Tuesday May 21st (more information down below).   We start off reviewing some the key targets drilled last season and this season so far at both the Big Master and Elora Gold trends at the Gold Rock Camp, incorporating the data sets from the D1, D2, and new understanding of the D3 structural faulting trends.     Highlights:   Confirms high-grade gold on two new fault intersection targets. -Drill hole DGR-048 intercepted 4.25 meters grading 32.87 g/t gold, including 0.50 meters of 252.00 g/t gold on BM1 (Sparrow). - Drill hole DGR-049 intercepted 4.00 meters grading 6.51 g/t gold, including 1.50 meters of 16.10 g/t gold on BM2 (Ruby). Extends high-grade gold mineralization below the historical Big Master Mine. - Drill hole DRG-047 was collared 300 meters south of (Barrelman) near the historic Big Master Mine and intercepted 3.80 meters grading 13.08 g/t gold, including 1.15 meters of 41.45 g/t gold (Buccaneer). Development of new 3-D figures featuring BM1 and BM2 mineralized structures as grade thickness contoured long sections with D3 structural intersections. Click for interactive 3-D link and video https://mininghub.com/3d/v/x3JTVxwP   We discuss the significance of the broader bulk tonnage mineralization that is then being upgraded by these multiple high-grade intercepts along the hanging wall and foot wall parallel trends; and why it is encouraging to keep seeing both types of mineralization for the overall continuity of the deposit.   Next we discussed the upcoming work programs on tap in the Gold Rock Camp to test the depth components along the Elora-Jubilee and Big Master trends.  Additionally, the Mud Lake target, further up the Gold Rock trend is going to be getting more exploration work this season, as potential similar style deposit.   Wrapping up, we shifted over to the regional Sherridon and Hyndman area.  The first 6 holes were drilled at Hyndman this season and they pending assays coming back from the lab imminently.      TO REGISTER FOR THE UPCOMING DRYDEN GOLD WEBINAR NEXT TUESDAY APRIL 21ST at 10am Pacific / 1PM Eastern, then click on the link below: https://us06web.zoom.us/webinar/register/WN_DX5gVzGSR_23fo5V7hE-Yg   Click here to follow the latest news from Dryden Gold   If you have any questions for Maura regarding Dryden Gold, then please email them into me at Shad@kereport.com.     In full disclosure, Shad is a shareholder of Dryden Gold at the time of this recording, and may choose to buy or sell shares at any time.     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

In this Daily Editorial, we are joined by Dave Erfle, Founder and Editor of Junior Miner Junky, to discuss the broad market rebound and the shifting sentiment within the precious metals sector. As gold and silver recover from recent drops, Dave provides a deep dive into whether the "bottom is in" for the mining stocks. Key discussion points include: Market Sentiment and Geopolitical Shifts: Exploring how the broader markets are projecting an end to Middle East tensions and what this means for the recent rotation out of the oil sector and back into equities. Technical Corrections in Gold and Silver: A breakdown of the recent peaks and the subsequent de-leveraging event that saw sharp but healthy corrections in both the physical metals and the mining ETFs. Key Moving Averages for GDX and GDXJ: Identifying the critical price levels and weekly closes required to confirm that the mining sector has officially bottomed. The "Universal Chart" Phenomenon: Assessing the synchronized movement across gold, silver, copper, and uranium, and whether we are looking at a V-shaped recovery or a longer consolidation period. Mining Sector Fundamentals and Dividends: Why current producer margins and balance sheets are arguably the strongest in decades, even as generalist investors have yet to fully return to the space.   Click here to visit the Junior Miner Junky website to learn more about Dave's investment letter - https://www.juniorminerjunky.com/   ---------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, I am joined by Alain Lambert, Chairman and CEO of Prismo Metals (CSE: PRIZ | OTCQB: PMOMF | FSE: 7KU), to discuss the recently completed Phase 1 drill program at the Silver King project in Arizona. Alain provides a detailed breakdown of the exploration strategy, the significance of the "transition zone" encountered in recent drilling, and what investors can expect as the company prepares for the Phase 2 program. Key Discussion Points: Silver King Phase 1 Completion: Alain explains why the company extended its drilling to almost 1,300 meters. The Theory of Depth: A look at the geological similarities between Silver King and the nearby Resolution Copper deposit, focusing on why the team is testing for a high-grade copper source beneath the silver veins. Assay Timeline and Transparency: An update on when the market can expect full results from the eight holes drilled. Phase 2 Strategy and Funding: Insight into the upcoming drilling campaign and the company's current financial position to execute its exploration goals. Hot Breccia Project Update: A summary of the recent transaction with Blade Resources and the timeline for renewed activity at this promising copper asset.   Click here to visit the Prismo Metals website    ---------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I am joined by Greg McCunn, President and CEO of Great Pacific Gold (TSX.V: GPAC | OTCQX: GPGCF). Greg provides an in-depth look at the latest drill results from the Kavasuki target within the Wild Dog property, highlighting the significant width and grade consistency being uncovered. Key Discussion Points: Kavasuki Drill Results: A breakdown of the recent intercepts from holes 3 and 4, which demonstrate broad zones of gold-equivalent mineralization starting from the surface. Structural Orientation and Modeling: How the company successfully adjusted its drilling strategy to better understand the dip and orientation of the high-grade vein system. See Figure posted below.  Expansion Along the 15km Corridor: Insights into the relationship between the Sinivit and Kavasuki targets and the potential for a massive, connected mineralized system. Deep Target Potential: The role of MobileMT geophysics in identifying large-scale feeder zones at depth and how the company's recent $20 million financing will accelerate exploration. Kasie Ridge Update: A progress report on the second drill rig currently testing a different high-priority target on the property.   If you have any follow up questions for Greg please me at Fleck@kereport.com.    Click here to visit the Great Pacific Gold website - https://gpacgold.com/   --------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, I sit down with Charles Funk, President and CEO of Heliostar Metals (TSX.V: HSTR | OTCQX: HSTXF), to discuss the company's recent drill results from the Ana Paula Project in Mexico and the strategic roadmap for 2026. Key discussion points: High-Grade Drill Results: An analysis of the 101-meter intercept at 5.34 g/t gold. The Expansion Zone Discovery: Insight into the new zone located 250 meters below the high-grade panel and the potential for multi-million ounce growth at depth. Aggressive 2026 Drill Program: Details on why the company is expanding its drilling beyond 30,000 meters to aggressively target both infill and step-out zones. Self-Funded Growth Strategy: How Heliostar is utilizing internal cash flow from current production to fund exploration and the upcoming underground decline at Ana Paula. Upcoming Catalysts and Milestones: A look ahead at the Q1 production reports, the updated Feasibility Study, and the transition toward a "producer multiple" valuation. Please email me at Fleck@kereport.com with any follow up questions for the team at Heliostar Metals.    Click here to visit the Heliostar Metals website to learn more about the Company - https://www.heliostarmetals.com/   ---------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention from recent corporate news and strategies from 3 advanced gold explorers and developers that have recently press-released significant company milestones.   >> The companies we discussed in the interview are:   Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) – On April 13th , the Company announced the results of a feasibility study ("FS") for the Phase 1 development of the 100%-owned Perron Gold Mine, located in the Abitibi region of Québec. The Perron Gold Mine is planned to consist of multiple phases; where the Phase 1 Life of Mine ("LOM") will utilize underground mining and toll-milling of the high-grade Champagne Zone. During Phase 1 production, efforts will be directed for assessing and developing Phase 2, which plans to further develop both underground and open pit operating areas. Phase 2 will also contemplate the construction of an on-site mill and additional facilities to facilitate processing of the remaining mineralization. In parallel, AMEX will continue exploration activities on the newly expanded land package. That covers some 70 kilometers of strike with a consolidated land package spanning a district-scale 618.53 km².     K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) – On April 8th, 2026 the Company announced that the U.S. Bureau of Land Management ("BLM") has issued a positive Record of Decision ("ROD") approving the Company's proposed exploration drilling program at its flagship Mojave Project located in Inyo County, California.   Receipt of the ROD marks the conclusion of an extensive environmental review process conducted under the National Environmental Policy Act ("NEPA")) and represents the most significant milestone for the Mojave Project and the Company's advancement to date.      Goldsky Resources Corp. (TSXV: GSKR) (FNSE: GSKR SDB) (OTCQX: GSKRF) (FRA: HEG0) – On April 9, 2026 the Company announced that shareholders of the Company have overwhelmingly approved the creation of Agnico Eagle Mines Limited as a Control Person of the Company at the Company's special meeting of shareholders held on the 9th. The approval of Agnico Eagle as a Control Person was done in connection with Goldsky Resources' proposed acquisition of Agnico Eagle Sweden AB's, a wholly owned subsidiary of Agnico Eagle, 55% interest in the Barsele Gold Project in Sweden, resulting in Goldsky Resources consolidating 100% ownership of Barsele.   * In full disclosure, some 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.]   Click here to follow Erik's analysis over at The Hedgeless Horseman website   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

Keith Bodnarchuk, President and CEO, and Andy Carmichael, VP of Exploration of Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) , both join me to review the news released on March 24th and today on April 13th which announced anomalous radioactivity in multiple drill holes and completion of the winter 2026 drilling program at the Company's Murphy Lake North Project (MLN).  Both MLN and Darby are joint ventures between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN) and are located 3kms east of IsoEnergy's Hurricane Deposit, and 10kms west of Cameco's Cigar Lake Mine and respectively, in the eastern Athabasca Basin, Saskatchewan. Cosa is the operator of both projects and holds a 70% interest with Denison holding a 30% interest in each.   Highlights   Radioactivity intersected in three drill holes Radioactivity remains open in multiple directions including for at least 600 metres along strike to the east and 600 metres to the west within the larger kilometre-scale Cyclone alteration zone MLN26-013 intersected 5.0 metres of anomalous radioactivity up to 13,900 CPS1 in the upper basement approximately 260 metres vertically from surface Depth of the radioactivity is shallow at approximately 260 metres vertically from surface Cyclone trend structural corridor is over 100 metres wide and hosts significant alteration consistent with major eastern Athabasca uranium deposits MLN Winter Drilling Approach   Winter drilling at MLN followed up structure and alteration intersected at the Cyclone trend in summer 2025. Five drill holes totaling 2,015 metres were completed during the program with three drill holes intersecting anomalous radioactivity. The first drill hole of the program, MLN26-013, intersected the strongest radioactivity including a 5.0 metre interval of continuously anomalous radioactivity in the upper basement. Two holes were completed to directly follow up radioactivity in MLN26-013. Two additional holes were completed to define underlying geology ahead of summer drilling and follow up another radioactive intersection. All drill holes were completed on Section 3200E.   Drilling determined the Cyclone trend is underlain by a package of graphitic and non-graphitic pelitic gneisses and quartzite over 100 metres in width. The full width of the mineralized structural corridor is unknown as additional prospective graphitic rocks may lie north and south of current drilling.   Next Steps   The Company and its Joint Venture partner, Denison Mines, will be finalizing summer plans in the coming weeks. The drill remains on site for rapid startup when drilling resumes this summer. Assays for all winter drill holes remain outstanding.   If you have any questions for Keith or Andy regarding Cosa Resources then please email them into me at Shad@kereport.com   * In full disclosure, Shad is a shareholder of Cosa Resources at the time of this recording and may choose to buy or sell shares at any time.   Click here to follow the latest news from Cosa Resources   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

In this Daily Editorial, we are joined by TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website. Despite a weekend of tense geopolitical news involving the U.S. and Iran, the markets have shown remarkable resilience. TG breaks down the technical reasons why the current price action reminds him of past "tariff tantrums". Key discussion points include: Market Resilience and Geopolitical Noise: An analysis of why the markets are seemingly shrugging off tensions in the Strait of Hormuz and what the "ceasefire" news means for near-term price action. The Return of Speculative Assets: Why the bottoms may be in for high-risk sectors like crypto and cannabis, and the specific signals indicating that speculative money is ready to move back in. Big Tech and Growth Sector Analysis: A deep dive into the "Magnificent Seven" and why individual names like Microsoft and Amazon are providing better setups than the broader indices. Breadth and Technical Indicators: Understanding the significance of 20-day and 50-day moving average breath and how positive divergences are signaling an internal market recovery. The Pullback Strategy: TG outlines his expectations for a "hard pullback" to shake out weak hands and why he views any dip toward key support levels as a primary buying opportunity. Stocks & ETFs Mentioned: $SPX, $RSP, $BITO, $MSTR, $MSOS, $MJ, $NTLA, $PRME, $MAGS, $FNGU, $MSFT, $AMZN, $GOOG.   Click here to visit the Profit Pilot YouTube page - https://www.youtube.com/@Profit-Pilot    ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Patrick Highsmith, Chairman and Co-Founder of FireFox Gold (TSX.V: FFOX | OTCQB: FFOXF). Patrick provides an in-depth look at the latest drill results from the Mustajärvi Project in Finland, specifically focusing on the systematic expansion of the East Zone and the high-grade potential being uncovered across the property. Key discussion points include: Systematic Expansion at Mustajärvi: An overview of the 22 holes announced to date and how the team is using "fence drilling" to fill in gaps and define the limits of mineralization. High-Grade Intercepts in the East Zone: A breakdown of recent results, including significant runs of 13 meters at 6.29 g/t and 10 meters at 3.5 g/t gold, and what these mean for the upcoming resource estimate. Connecting the Zones: The strategic plan to drill the 1.1-kilometer gap between the East and Northeast Zones, including the highly anticipated testing of the "Triangle Target." Depth and Scale Potential: Insights into the structural controls of the deposit and the untapped potential as the company begins testing targets deeper than the current 300-meter average. Corporate Leadership Update: An introduction to the newest member of the Board of Directors, Martin Ripp, and the financial expertise he brings to the team.   Any further questions for Patrick? Email me at Fleck@kereport.com.   Click here to visit the FireFox Gold website to learn more about the Company - https://www.firefoxgold.com/   Drilling Map  Cross Section   For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.    

In an era of relentless headlines and geopolitical shifts, market veterans Rick Bensignor and Dana Lyons join the show to cut through the noise. This Weekend Show focuses on the transition from overextended growth toward tactical cash reserves and defensive positioning, highlighting why the charts - not the news - provide the most reliable roadmap for investors today.   Segment 1 & 2 - Rick Bensignor, President of Bensignor Investment Strategies, shares his insights on current market volatility and his approach to portfolio management in times of uncertainty. He discusses the recent short-covering rally in the S&P 500, analyzes technical levels for oil and gold, and offers guidance on balancing long-term investing with short-term trading. Click here to visit the In The Know Trader website - https://intheknowtrader.com/   Segment 3 & 4 - Dana Lyons, a fund manager and editor of Lyons Share Pro, analyzes current market technicals following a volatility-inducing ceasefire headline. He discusses a "hurdle" recovery pattern, highlighting bullish setups in semiconductors and Latin American markets while maintaining a cautious, reduced exposure to metals and energy equities. Click here to visit the Lyons Share Pro website and learn more about Dana's investment services - https://lyonssharepro.com/   If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don't forget to subscribe and leave us a review!   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Justin Reid, President and CEO of Troilus Mining Corp. (TSX: TLG) (OTCQX: CHXMF) (FSE: CM5R), joins me for a comprehensive update on all the derisking work going into the basic and detailed engineering, permitting, near-mine and regional exploration, and raising the capital stack on a project of scale at the Gold-Copper Troilus Project located in northcentral Quebec, Canada.    Project Execution Progress Highlights   Basic Engineering completed, and Detailed Engineering advancing across all major disciplines. Integrated EPCM structure formalized with BBA Consultants, in partnership with EBC Inc. for construction management integration. Expanded geotechnical and metallurgical validation programs underway to enhance design certainty. Early contractor engagement and independent third-party technical review advancing across key process and design areas. Expanded, construction-ready leadership team in place, with contractor and supplier engagement progressing in parallel. Site readiness accelerating through continued pit dewatering, camp expansion to 200 personnel, and infrastructure upgrades aligned with development planning.   Geotechnical Program A comprehensive geotechnical investigation program has been underway since Fall 2025 and will continue through Spring 2026. Drilling and site characterization across key plant and infrastructure areas are refining foundation design parameters and earthworks planning, directly strengthening schedule and cost certainty.   Metallurgical and Process Optimization Additional metallurgical and process testwork has been undertaken to further validate plant design assumptions, including ore hardness characterization and recovery performance. This work supports equipment sizing confirmation, operational ramp-up planning, and long-term plant reliability.   We note that at present there are already 13 million gold equivalent ounces in all categories in place at the deposit; but that the 22 year projected mine life and robust economics are presently only factored on roughly half of these resources.  There are currently 7 million ounces in reserves, which are the ounces that the economics and engineering is based upon; but clearly there are plenty of resources not yet factored in that will allow the project to either grow to a larger throughput, or they will further extend the mine life.   The potential for large future copper production, in concert with the gold and silver, has been integral in building out the capital stack with ECAs and MCAs, getting offtake agreements in place, and in bringing in key investors into the most recent capital raise.    On March 17, 2026, Troilus Mining Corp. announced that it has signed a Memorandum of Understanding (“MOU”)with Boliden Commercial AB, a leading European base and precious metals mining and processing company, for the long-term offtake of copper-gold concentrate from the Company's Troilus Project. Justin mentions that their team has high confidence that other components for cost overrun facilities, and the potential of a strategic equity holder, or royalty or stream are coming together into the capital stock and the final combination will be presented to the market later this year.   Switching over to the permitting progress, on June 25th the Company announced that it had officially filed the Environmental and Social Impact Assessment (“ESIA”) with both the Government of Québec and the Government of Canada. The submission of the ESIA marked a major milestone in the development of the Troilus Project, representing the culmination of over five years of comprehensive baseline studies, robust technical evaluations, and meaningful engagement with Indigenous and local communities. Permitting should time out with remaining economic studies and engineering for a construction decision later in 2026.   Wrapping up we discussed the 40,000 meters that will be focused on near-mine resource growth, high-grade target definition, and regional exploration across its 435 km² land package. Drilling is progressing on a combination of mine-plan optimization targets and previously identified regional opportunities generated during the 2025 field program.     If you have any questions for Justin regarding Troilus Gold, then please email them over to me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Troilus Gold at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow along with the latest news from Troilus Gold   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

In this Daily Editorial, we are joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Following a volatile week defined by shifting geopolitical tensions in the Middle East and a significant "gap higher" in the markets, Marc provides a masterclass on the current macroeconomic landscape. We explore whether the recent ceasefire news is a signal for investors to "buy the dip" or a temporary reprieve in an ongoing shift in global power. Key Discussion Points: Geopolitical Impact on Market Technicals: Marc analyzes the S&P 500 and Dollar Index movements surrounding the Iran-Israel tensions, explaining why the markets may have already anticipated recent developments before the headlines hit. The Changing Dynamics of Global Trade: A look at the implications of Iran's new tolls in the Strait of Hormuz and how the lack of adherence to the UN Law of the Sea by major players could alter maritime trade forever. De-dollarization and the "Petro-Dollar" Narrative: Marc addresses the University of Chicago's three-prong definition of money and explains why the U.S. Dollar remains the "plumbing" of the financial system despite the rise of alternative settlement currencies. Central Bank Gold Accumulation: Why nations are moving into gold, and the potential impact of the U.S. revaluing its gold holdings under a new Federal Reserve leadership. Inflation Data and Fed Policy: An analysis of the latest CPI jump to 3.3% and why the Federal Reserve remains "stuck" between a slowing job market and rising energy prices.   Click here to visit Marc's site - Marc To Market - https://www.marctomarket.com/   --------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mark Brennan, Founder, CEO, and Director of Cerrado Gold Inc (TSX.V: CERT) (OTCQX: CRDOF), joins me to review their full year 2025 financial and operational metrics at the producing Minera Don Nicolas (MDN) gold mine in Argentina.  We discuss the aggressive 70,000 meter exploration program on tap for MDN into 2026, review the permitting process at the Lagoa Salgada VMS Project in Portugal and the key development catalysts on tap at the Mont Sorcier Iron-Vanadium project in Quebec.   2025 Financial Highlights   Annual Production for 2025 of 50,238 Gold Equivalent Ounces (“GEO”); and AISC of US$1,746 per ounce, in line with guidance 2026 Production guidance of 50,000 to 60,000 GEO weighted to H2/26 Adjusted EBITDA of $22.3 million for Q4, and $46.1 million for the full year AISC of $1,391 during Q4 vs $1,953 in Q4/24 due to higher production Completed hedging program provides full future leverage to high gold prices Focus remains on ramping up underground production during Q2/Q3, while water availability returns heap leach production to nameplate capacity and lower unit costs Extensive operational optimizations are completed and underway to reduce unit costs and expand production capabilities  70,000 meter Exploration Program positioned to support resource growth at MDN with four new owner-operated drill rigs currently turning at surface. Additionally underground is set to commence in the next couple of months.   Mark and I review their Minera Don Nicolas producing gold project in Argentina, and the combination of heap leach and underground gold equivalent ounce production for the quarter. With improved crushing for the quantity of ore being put on the leach pads and the contribution of new higher-grade areas from the underground mining running through the CIL plant, this will help reduce down unit costs in 2026.  We highlight how the ongoing 70,000 meter drill program will be looking to extend mine life in a substantial way and find new high-grade areas for future mine sequencing.   Next we got an update on the ongoing work from the previously announced unfavourable opinion of the environmental impact assessment (EIA) for the Lago Salgada VMS Project in Portugal. This ‘unfavourable opinion' was issued after expiry of statutory deadline under Portuguese EIA legislation. The Company maintains its position that the project has been tacitly approved. Mark reiterated that the purported unfavorable opinion was issued despite the project being the first mining project in Portuguese history to receive unanimous favourable opinion for the Project by all 17 people that make up the Technical Evaluation Committee. The Company is working on a resolution and will update the market when it has more information.   Moving on to the Mont Sorcier Iron Project in Quebec, there are final workstreams feeding into the Bankable Feasibility Study slated for release here in Q2 of 2026. Recent metallurgical test work has reaffirmed the potential to produce high-grade and high-purity iron concentrate grading in excess of 67% iron with silica and alumina content below 2.3%, which gets a premium in the iron marketplace.  The NPV(8%) of the is project in the prior PEA was US$1.6Billion, so even at a very low multiple being applied to this Project, it more than underpins the current market cap that the company is currently receiving, and yet the market cap doesn't even fully reflect the gold production asset.   We wrap up discussing the underappreciated valuation that the company is receiving for the both the producing MDN mine in Argentina, the development-stage Lagoa Salgada and large Net Present Value of the Mont Sorcier Project.     If you have questions for Mark regarding Cerrado Gold, then please email those to me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Cerrado Gold at the time of this recording, and may choose to buy or sell shares at any time.   Click here to see the latest news from Cerrado Gold.   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we welcome back Joel Elconin, Co-Host of the Pre-Market Prep Show and Founder of The Stock Trader's Network, to dissect a market that remains remarkably resilient despite global volatility and confusing geopolitical headlines. Joel drives home that investors must prioritize price action over personal opinion, especially as markets react to shifting news regarding the potential "tease-fire" in the Middle East. Key Discussion Points: Resiliency and Price Action: We discuss why the market continues to lean bullish, rewarding any signs of de-escalation in the Israel-Lebanon conflict despite sketchy details. The Crude Oil Floor: A look at the dramatic $20 drop in crude oil prices and why Joel believes energy will eventually stabilize at a higher baseline than in previous years. The Great AI Divergence: An analysis of the widening gap between hardware "picks and shovels" companies and the struggling software sector. Sector Winners and Breakaway Gaps: Insights into why utilities ($XLU) are hitting all-time highs and the technical significance of the recent breakaway gaps in the S&P 500 ($SPY).   Click here to visit Joel's PreMarket Prep website - https://www.premarketprep.com/ Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/   Stocks & Symbols Mentioned: S&P 500 ($SPY), Crude Oil ($CL), NVIDIA ($NVDA), Palantir ($PLTR), Oracle ($ORCL), Salesforce ($CRM), ServiceNow ($NOW), Seagate ($STX), Western Digital ($WDC), Marvell ($MRVL), Applied Optoelectronics ($AOI), Corning ($GLW), Lumentum ($LITE), and Utilities ETF ($XLU).   ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Shawn Howarth, President and CEO of Excellon Resources (TSXV:EXN) (OTC:EXNRF)(FRA:E4X2), joins me to outline all the development work going into the ramp up into production over the next few quarters at their flagship Mallay Silver Mine located in the Cerro de Pasco area of Peru. We then review the value proposition and optionality across their other 3 projects:  Tres Cerros, Kilgore, and Silver City.    Excellon acquired the Mallay Silver Mine last year as a modern, fully permitted past-producing underground mine with a 600 tpd processing facility; that was built and operated by Buenaventura from 2012 to 2018.  With US$115 million of historical investment and sunk costs, supported by an extensive drilling and operating database generated during Buenaventura's ownership, the Excellon team has many advantages here and a low capex investment to get back into commercial production.     In February 2026, Excellon released the updated NI 43-101 Mineral Resource Estimate:   Mallay MRE Highlights:   Indicated Mineral Resources: 890,000 tonnes grading 195 g/t silver, 3.33% lead and 4.83% zinc. The Indicated mineral resource includes 5.57 Moz of silver, 65 Mlbs of lead and 95 Mlbs of zinc. Inferred Mineral Resources: 362,000 tonnes grading 149 g/t silver, 2.67% lead and 4.32% zinc. The Inferred mineral resource includes 1.74 Moz of silver, 21 Mlbs of lead and 34 mlbs of zinc. Mineral Resource (AgEq): 12.01 million ounces grading 420 g/t AgEq in the Indicated and 4.00 million ounces grading 344 g/t AgEq Inferred.   Shawn highlights the ongoing exploration program focused on the mineral resource expansion potential in the known Isguiz Zone inventory, as well as the Footwall Zone and Shafra Zone.   In 2025, Excellon secured an off-take agreements with Glencore for their lead and zinc concentrates, Shawn outlined that their internal studies project a run-rate of 600 tonnes per day of production, producing approximately 2-2.5 million silver equivalent ounces per year, and with a target All-In Sustaining Cost (AISC) of US$17 per AgEq ounce.     The Tres Cerros Project is a highly prospective gold-silver exploration project approximately five kilometers northwest of the Mallay Mine. The project's prime area of interest is a 2.5 kilometer by 500 meter corridor of gold-silver mineralization and coincident IP/resistivity anomalies, indicative of a bulk tonnage, high sulfidation epithermal system.  Numerous historical grab samples were taken across the 2.5 kilometer fault, which are being analyzed to determine further follow-up exploration work.   Kilgore, is an advanced gold project in Idaho with over 1 million ounces of gold delineated in all categories, and the Company is considering bringing in a JV partner to assist with moving this project forward in exploration and further derisking. Silver City, a high-grade epithermal silver district in Saxony, Germany, with a long history of almost 800 years of silver production.  Shawn has stated publicly that they are looking at various options, but are entertaining the idea of spinning out this asset into a new European-focused exploration vehicle.    Wrapping up we reviewed the industry experience the Excellon management team and board has in both moving projects into production as well as a pedigree of exploration success.  We discussed that the company is cashed up after their financing and off-take agreement, to conduct the key work and studies on tap over the next 6-9 months as the company moves toward a production decision.   If you have questions for Shawn regarding Excellon Resources, then please email those in to me at Shad@kereport.com.     Click here to follow the latest news from Excellon Resources     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I am joined by Mike Spreadborough, the Executive Co-Chairman of Novo Resources (TSX: NVO | ASX: NVO | OTCQX: NSRPF), for a comprehensive update on the company's extensive 2026 exploration plans in the Pilbara region, Australia.  Key Discussion Points Wyloo Antimony Project: Mike details the 2,500-meter RC drilling program set to begin in late April, targeting a high-grade silver-antimony-gold system. Balla Balla Project: An overview of the 6,000-meter air-core drilling campaign designed to follow up on promising polymetallic results from the 2025 drill campaign. Cronus Project: Introduction of the new 2,000-meter RC program focused on the Triton trend, an area with significant gold and copper potential. Teichman Project Progress: A look ahead to the July drilling schedule at Teichman, following the completion of heritage and environmental approvals. Strategic Financing: Insights into the company's recent private placement, the strong support from Northern Star Resources, and the strategy for funding long-term exploration.   Please email me with any follow up questions for Mike, Quinton, and the team at Novo Resources. My email address is Fleck@kereport.com.     Click here to visit the Novo Resources website to learn more about all the projects and exploration programs.    --------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentione

In this Company Update, I am joined by Ryan O'Regan, CEO of Getty Copper (TSX.V: GTC). The company is undergoing a significant refresh under new management, revitalizing a project with a rich history in South Central British Columbia. Located immediately north of Teck's Highland Valley Copper Mine, Getty Copper is about to begin a 16,000 meter drill program aimed at upgrading the historic resource and making new discoveries.  Key Discussion Points: Project History and Legacy: Ryan discusses the long-standing history of the Getty Copper project, including a historic resource from 2010.  Fully Funded 16,000m Drill Program: The company is about to commence an extensive two-phase drilling program initially focused on the Getty North and Getty South deposits. Resource Expansion and Depth Potential: An analysis of the Getty North porphyry system, which remains open at depth, and the strategy to update the historical 2010 resource estimate. High-Reward Exploration Targets: Beyond the known resource, the team is targeting several anomalies including the Glossie and Dot properties to uncover further upside across the 24,000-hectare land package. Management and Technical Expertise: An introduction to the new leadership team, including VP of Exploration Roy Greig.   Feel free to email me with any follow up questions for Ryan. My email is Fleck@kereport.com.    Click here to visit the Getty Copper website - https://gettycopper.com/     --------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) joins me to review the key drill targets and exploration initiatives at their 2 silver and gold projects, Las Coloradas and Almoloya, located in the Parral District, in Chihuahua, Mexico.   We start off with Scott reviewing the 3,300-meter maiden reconnaissance drill program in 2025; with 12 holes that encountered broad intercepts and contained pockets of high-grade silver and gold mineralization for follow-up drilling around the historic Mine Target and DBD Target.     The company has raised capital to go after a 15,000 meter follow-up program at both their Las Coloradas Project and initial drilling at the Almoloya Gold/Silver Project. At this point, about ¾ of the drilling will be stepping out and going deeper across Las Coloradas, while also testing a few compelling regional targets. Then there are 2 historic mine areas at Almoloya, with much different geology that will be drilled.    Las Coloradas High-Grade Silver Project   Step-out and deeper drilling planned on the high-grade Soledad and Soledad II vein systems, following up around the Mine and DBD zones Approximately 700 metres of the Soledad structure remains to be tested New priority regional drill targets emerging at Saddle, Silvia, Leona, and La Plata zones Multiple large-scale, largely untested targets highlight district-scale discovery potential at Las Coloradas   Almoloya Gold/Silver Project   Initial diamond drilling planned on the gold-rich Juliettas structures District-scale CRD and oxide potential identified at Cigarrero Mine área   Wrapping up Scott highlights the financial health of the company, the closing of the upsized bought deal financing in January, continued support from key stakeholders, the pattern of raising money at higher and higher valuations, the ability of in-the-money warrants to potentially bring in more funds.  Scott reiterated that the future value creation will be determined with the drill bit, and the Company is cashed up well to execute on this exploration program, and will remain drilling for the balance of this year.     If you have any questions for Scott regarding Kingsmen Resources, then please email those to me at Shad@kereport.com.   Click here to follow the latest news from Kingsmen Resources   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we are joined by Anthony Margarit, President and CEO of K2 Gold (TSX-V: KTO | OTCQB: KTGDF | FRA: 23K), to discuss a transformative milestone for the company. Following the receipt of a positive Record of Decision for exploration drilling at the Mojave Project in California, K2 Gold is officially moving back into the field. Discussion Highlights: 15,000-Meter Drill Strategy: Anthony details the expansive drill program over 4 major target areas.. Targeting High-Grade Mineralization: A look at the historical results that underpin the current strategy, including previous intercepts of 86.9m at 4 g/t Gold at the Dragonfly target and exceptional silver grades at Morning Star. Strategic Phasing and Execution: The team is utilizing a phased 5,000-meter block approach to optimize results, allowing for real-time adjustments based on assay data and structural insights. Financial Strength and Market Sentiment: With a treasury exceeding $30 million, K2 Gold is fully funded for its exploration plans as it seeks to expand known zones and test new discovery targets.   If you have any follow up questions for Anthony please comment below or email me at Fleck@kereport.com.    Click here to visit the K2 Gold website.   ------------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Colin Padget, President and CEO of Founders Metals (TSX.V:FDR - OTC:FDMIF - FSE:9DL0). Colin provides an in-depth look at the ongoing exploration at the Antino Project in Suriname, following the company's recent addition to the GDXJ index and the 70,000-meter drill program for 2026. Discussion Highlights: Antino North Discovery: Colin breaks down the significance of the first-ever drill hole in the Antino North area, which returned 17.31 g/t gold over 3.6 meters starting from surface.  Aggressive Expansion: With two rigs currently active at Antino North, the company is testing a 5km-scale auger anomaly and a series of 12 gold-bearing structures that mirror the geology of the main Antino system. Lower Antino Upgrades: An overview of the progress at Lower Antino, where recent drilling intersected 65.9m of 1.16 g/t gold. Colin discusses the strategy for connecting this area with Upper Antino.   If you have any follow up questions or topic you would like Colin to address please email me at Fleck@kereport.com.    Click here to visit the Founders Metals website - https://www.fdrmetals.com/   ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

John Rubino, [Substack https://rubino.substack.com/ ], joins us for another wide-ranging discussion around the geopolitical uncertainties and macroeconomic catalysts that are leading to volatility in oil, the energy sector, uranium, gold, silver, and the related resource stocks.   We start off reviewing the volatility and recent extreme surge higher in oil prices due to the continued conflict and uncertainty around the war in the Middle East.   News of the ceasefire may send oil prices lower in the near-term, but John points out it is unlikely we'll see oil prices go all the way back down to where they were several months ago. There has been too much infrastructure damaged through all the bombing campaigns from both sides of the conflict for a snapback supply response. Oil company margins, will remain elevated even if oil pulls back down into the low $90s or $80s or even $70s. Headline driven dramatic pullbacks in oil company prices could be a good entry point for medium-term accumulation; especially if it is a dividend-paying stock.     When reviewing what parts of the energy sector show the most promise or opportunity, John points out that really the whole suite of energy inputs from solar to uranium to coal and natural gas are all needed.   He points out that parts of Europe is now realizing the folly of shutting down some nuclear power plants or being overly reliant on renewables or Russian natural gas, and so they are turning back to restarting coal plants in desperation. Conversely, he highlights that China has had the ideal approach of starting up as many different forms of power plants as possible to feed the trend of increasing energy demands. He also points to how increased copper demand to feed growth projections around electric vehicles, A.I. data centers, and connecting to demands on the energy grid will keep the red metal well bid for years to come.   Turning to the extreme volatility in both directions in the precious metals thus far in 2026 – John sees opportunities for placing low-ball bids in quality gold and silver stocks that have corrected by 30%-50% off their January and February highs.   When asked how to avoid the danger of “catching the falling knife” if these PM stocks just keep correcting, he lays out the positive and negatives of using stop-loss orders. He also points to using option strategies to make profits on the way down to eventually buying a stock one already wants to accumulate at a lower pre-determined strike price. We note again that PM stocks are not fully factoring in the higher metals prices seen in Q1 into their current valuations, which is giving investors and edge to accumulate existing positions or initiate new positions in stocks that had previously run away to the upside into the current weakness. John points out that their growing piles of cash on the balance sheets of highly profitable gold and silver producers will be used for paying dividends, buying back their shares, or merger & acquisitions deals.   When pressed on if the bull market in precious metals was over, he pointed out that conditions that created the big run in gold and silver prices are still present and have not fundamentally changed; and have actually strengthened.   John brings up the ongoing concerns about the growing sovereign debt crisis in nations all over the world, and the desire by governments and central banks to cut interest rates and throw money at slowdowns to run the economy hot and to try and grow their way out of the economic challenges they face. Those fiscal and monetary policies will be even more inflationary, leading to a debt spiral, and how affect global currencies and interest rates; which should remain longer-term bullish factors for the precious metals.     Click here to follow John's analysis and articles over at Substack     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

Craig Hemke, Founder and Editor of TF Metals Report, joins me for a candid conversation around the impacts of geopolitics, macroeconomics, Fed policy, a technical outlook on gold and silver prices, and the ongoing disconnect in the valuation of the precious metals stocks, considering the record margins and revenues they experienced in Q1, which just wrapped up last week.      Key Discussion Points:   Geopolitics can swamp the charts and macroeconomics in the short-term: The upcoming deadlines that the US has imposed on Iran to open the Strait of Hormuz by Tuesday evening, could either end in a deal or more bombing and fighting.  Either scenario could see such a large market reaction.   This makes it nearly impossible to forecast what may play out in the short-term. Central Bank policy response tools are limited: If inflation starts moving higher on the back of higher oil, fertilizer, chemical, and manufacturing inputs, then the Fed's ability to cut rates will be more muted.  However, if the global economy slows from a ‘demand shock' then central banks will err on the side of running the economy hot, cutting rates, and easier monetary policy. Interest Rates and the US Dollar response need to be monitored closely:  Craig points out from a larger macro perspective that market has it wrong regarding future rate hikes, citing the unsustainable cost of refinancing the growing sovereign debt levels if rates go to high.   He'll be watching both the short and long end of the interest rate curve, as well as the US dollar response. The Disconnect in Mining Equities: Much media speculation has been made about margin compression facing producers as energy costs, but that is painting all mining companies with the same broad brush without any legitimate analysis for how much their margins may be affected. The PM prices in the first quarter were at record average quarterly prices, which will lead to records Q1 revenues and earnings, even as the stock corrections got overdone and oversold. We'd have to see a massive selloff in metals during Q2 to get the average prices and margins down under just Q4 of 2025, much less that of Q3 2025.  This means that Q2 will likely outperform the current expectations based on where PM stocks are priced today.     Click here to visit Craig's website – TF Metals Report – https://www.tfmetalsreport.com/     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Frank Callaghan, President and CEO of Golden Cariboo Resources Ltd.  (CSE:GCC) (OTC:GCCFF), joins me for an exploration update on the first 28 drill holes completed, and the 29th hole ready to be drilled imminently. Stepout drill has been extending the mineralization and strike length beyond the Halo Zone, located at their flagship Quesnelle Gold Quartz Mine, in the Cariboo Mining District of British Columbia.  The immediate workstreams are to compile all this drilling data, in combination with some historic drill holes, into an upcoming Maiden Resource Estimate, targeted to come out later in the month of May.   We start off having Frank outline the broad bulk-tonnage style of mineralization coming back from the prior assays returned, when stepping out from the Halo Zone; and why these large disseminated gold systems can become some of the largest producing gold mines.   This large project footprint and continuity of the broad intercepts of mineralization is what will allow the Company to put out the maiden resource estimate in about a month's time.   On March 25, 2026 Golden Cariboo Resources announced that drill hole QGQ25-28 was completed on March 19, 2026 to a total length of 754.69 m (2,476 ft), ending in mineralization approximately 12 m (39.37 ft) from Osisko Development Corp.'s claim boundary. The end of drill hole QGQ25-28 is located approximately 283 m (928.48 ft) beyond the end of drill hole QGQ25-25, which also ended in mineralization.   Next we discuss how all 28 holes drilled to date have hit gold mineralization and how their geologists have really come to a good understanding of the mineralization and have vectored in on exploring for gold at the greenstone belt contact zone at their Quesnelle Gold Quartz Mine.   Much of the drilling has been testing the approximately 2-3km area between the Main Zone and Halo Zone and straddling Hixon Creek.  One drill will be turning doing large step-outs and extending the strike length of the mineralized trend. There is a strong geophysical signature helping out with drill targeting, that also extends on to their neighbor's land package at Osisko Development.   Next we got into the recent acquisition of the 13 cells of placer claims at the Halo zone; which when combined with past staking around their main property, has brought the new total land position up to around 95,000 hectacres (~235,000 acres) held by the Company, and now making it the third largest claim holder in the Cariboo Gold District.    We wrap up with potential rerating the company could get once their initial resource estimate is out and digested by the market.  With regards capital on hand, they announced a modest raise in late March to get them to this key upcoming milestone, where they believe more institutional interest will be coming in to assist with funding the next phase of exploration and project derisking.   If you have any questions for Frank regarding Golden Cariboo, then please email them into me at Shad@kereport.com.   Click here to follow the latest news from Golden Cariboo Resources   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.    

In this Company Update, I chat with David Stein, President and CEO of Kuya Silver, for a comprehensive update on the company's operations, development, and aggressive exploration plans for 2026. David provides a deep dive into the progress at the Bethania Mine and how the company is positioned to capitalize on a volatile yet strong silver market. Key Discussion Points: Bethania Mine Ramp-Up: An update on the phased expansion to 350 tons per day (TPD) and the operational progress made through Q1 2026. Financial Resilience: Insight into the company's current "break-even" status. 20,000-Meter Drill Program: Details on the fully funded exploration strategy, split between underground resource expansion and testing new silver vein systems. Strategic Acquisitions: Status of the due diligence process for the Carmila processing plant and how it fits into the company's long-term vertical integration. Silver Market Dynamics: David's perspective on operating in a high-price environment and how $80+ silver impacts the company's bottom line and project economics.   If you have any follow-up questions for David, please email me at Fleck@kereport.com.   Click here to visit the Kuya Silver website – https://kuyasilver.com/   ---------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

As geopolitical tensions in the Middle East persist, the global economy is grappling with more than just volatile oil prices. This week's show brings together Peter Boockvar (CIO, OnePoint BFG Wealth Partners) and Marc Chandler (Managing Partner, Bannockburn Global Forex) to dissect the deeper structural shifts - from the "parabolic" move in gold and the cooling AI trade to the looming shadow of the un-stress-tested private credit market.   Segment 1 & 2 - Peter Boockvar, Chief Investment Officer at OnePoint BFG Wealth Partners and editor of the Boock Report on Substack, analyzes the long-term economic consequences of the Middle East conflict. He discusses the persistence of inflation driven by elevated commodity and energy prices, the "stagflationary" risks of modest growth paired with high costs, and significant shifts in global markets, including the waning momentum of AI tech stocks and the increasing appeal of gold as a reserve asset. Click here to follow Peter at The Boock Report - https://peterboockvar.substack.com/   Segment 3 & 4 -  Marc Chandler, Managing Partner at Bannockburn Global Forex and editor of the Marc to Market website, discusses the economic shifts and market volatility resulting from the ongoing Middle East conflict. He examines how fluctuating energy prices and supply chain vulnerabilities are influencing global central bank policies, interest rates, and currency trends, while also addressing recent shifts in gold and treasury holdings. Click here to visit Marc's site - Marc To Market - https://www.marctomarket.com/   If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don't forget to subscribe and leave us a review!   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Marco Roque, President and CEO of Cassiar Gold (TSX.V:GLDC – OTCQX:CGLCF), joins me for a comprehensive visual company overview and update on all the exploration and development work completed to date and that remains on tap for 2026; as they continue expanding the Cassiar Gold project, located in northern British Columbia.   We start off reviewing the jurisdiction and topography, large degree of sunk costs and infrastructure in place across larger Project; including an existing mill and tailings facilities, road access right onto the property, power access, and small camp in place.   Marco outlines all the historic exploration and development work completed over the last handful of yeas at Cassiar North.  Marco breaks down the 2.3 million ounces of gold in all categories at the bulk tonnage resources in place at the main Taurus Deposit.   He also highlighted the nearby areas along trend that have been receiving ground exploration and drilling at the Wings Canyon, Hopeful, Auroch, and Newcoast targets. In particular, the exploration team is animated by the potential at Newcoast area to be similar to Taurus in grade, scale, and potential depth; especially after the successful drilling here during the 2025 program. Newcoast is not yet included in the resources, and could be a key area for mineral expansion. Additionally, there are regional targets like Lucky and Snow Creek that have early indications that they may host similar Taurus-Style mineralization, alteration, and veining.   Today, on April 2nd, the Company announced it has initiated a Preliminary Economic Assessment (“PEA”) for the property's Taurus deposit, having selected Ausenco, a globally recognized engineering, consulting, and project delivery firm with a proven track record in all phases of project development. The Company is targeting the completion of the PEA in Q3 2026, and it will be based on the recently updated foundational resource at the bulk-tonnage Taurus deposit.   The Taurus deposit comprises an Indicated Mineral Resource of 8.8 million tonnes at 1.43 grams per tonnes (g/t) gold for 410,000 ounces with an additional 63.2 million tonnes with 1.93 million ounce at 0.95 g/t gold Inferred.   Shifting down to Cassiar South, we review the number of past producing mines, and high-grade nature to the broader veins in the mineralization on this part of the Project. The company will be drilling here again in 2026, after taking a few year to focus on growing Cassiar North, and is doing internal scoping studies to consider fast-tracking the potential development into smaller-scale production in this higher metals price environment. They are also reviewing underground portals and mill refurbishment to assess what would be needed for an expedited move into production. None of the prior drilling or known historic resources at Cassiar South are included in the current Mineral Resource Estimate.     We wrap up getting into the experience of the management team and board of directors, the key stakeholders and analyst coverage, financial health of the company treasury to keep executing on the work programs in 2026, and their undervaluation on several metrics compared to peers, highlighting the potential for rerating.       If you have any questions for Marco on Cassiar Gold, then please email them to me at Shad@kereport.com.    Click here to follow the latest news from Cassiar Gold   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Jordan Rusche, Founder of Mining Stock Monkey, joins me for an in-depth and nuanced discussion on the recent volatility in oil prices, gold and silver prices, and his approach to valuing precious metals mining stocks and royalty companies; along with which companies he is actively trading in his portfolio.   We start out catching up on how the war in the Middle East has spiked the oil price over the past month, allowing savvy energy companies to go out on the forward futures curve and hedge partial amounts of future production at much higher levels.   We revisited the value proposition synergies from ongoing business combination of Devon Energy (NYSE: DVN) and Coterra Energy (NYSE: CTRA) which announced an all-stock merger back in February. The business combination will create a leading large-cap shale operator with a high-quality diversified asset base in the Delaware Basin, Permian Basin, Marcellus Shale, and Anadarko Basin. We discussed the additional natural gas assets that will give the pro-forma company better margins, and secondary value lever beyond the rising oil prices.   Next we shifted over to some of the valuations in the gold stocks in light of the large corrective moves we saw across the board during the month of March. Jordan breaks down that these big pullbacks have him looking anew at quality development companies, like Rupert Resources Ltd (TSX: RUP) (OTCQX: RUPRF) (FSE:R05), that have dropped precipitously in market cap and share price and are presenting a compelling accumulation environment.   He also remains animated by the continued the growth on tap for royalty and streaming companies, highlighting Royal Gold, Inc. (NASDAQ: RGLD) as undervalued on a number of fundamental metrics compared to all their larger peers. Secondly, Jordan highlights that he is able to gain access to copper and other metals by way of investments in Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF), Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE), and Orogen Royalties (TSX.V: OGN – OTCQX: OGNNF).     Get 25% OFF Mining Stock Monkey VIP, (limited to 5 KE Report subscribers):   https://miningstockmonkey.com/products/vip?promo=KEREPORT25   https://miningstockmonkey.substack.com/KE25   Sign up for Jordan's free "Silverback Letter" here:   https://miningstockmonkey.substack.com     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we are joined by Joel Elconin, co-host of the Pre-Market Prep show and founder of the Stock Trader Network. Joel provides a candid assessment of the current "muddled" market environment, characterized by excessive volatility and a lack of clear direction. The discussion dives deep into the macroeconomic headwinds currently facing investors, including the inflationary impact of rising crude prices and the potential shift in Federal Reserve policy toward rate hikes rather than cuts. Joel also explores the internal fragility of the financial system, specifically the pressures mounting in the banking sector and the burgeoning risks within private credit.   Click here to visit Joel's PreMarket Prep website - https://www.premarketprep.com/ Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/   Stocks Mentioned: Microsoft (MSFT), Meta (META), Amazon (AMZN), NVIDIA (NVDA), Micron (MU), Oracle (ORCL), Lennar (LEN), ConocoPhillips (COP), Nike (NKE).   ---------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I chat with Tara Christie, President and CEO of Banyan Gold (TSX.V: BYN | OTCQB: BYAGF), and Patrick Langlois, the newly appointed VP of Strategy and Corporate Development. With a massive gold resource (over 7.7mil oz gold indicated + inferred) already established at the AurMac Project in the Yukon, the team discusses how recent high-grade silver results and strategic leadership are shifting the company's trajectory from exploration toward a development story. Key Discussion Points: High-Grade Silver Discoveries: Tara outlines the significance of the March 16th news release, which highlighted an intercept of over 3,400 g/t silver over 1.4 meters. Strategic Leadership: Patrick Langlois shares what drew him to Banyan after his successful tenure at Probe Gold. 2026 Development Catalysts: The company is currently executing a 50,000-meter drill program with five rigs active on-site. This work is focused on converting waste to ore and refining the geological model in preparation for an updated Mineral Resource Estimate and a Preliminary Economic Assessment (PEA) due in the second half of 2026.   If you have any follow up questions for Tara please email me at Fleck@kereport.com.    Click here to visit the Banyan Gold website - https://banyangold.com/   ------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I am joined by Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF). Mike provides more details on the updated Resource Estimate (now at 5.12mil gold oz in indicated + inferred), a new Director, a proposed spin out of assets in Nevada and Arizona, and an update on the large exploration program currently underway at the RC Gold Project in the Yukon. Key Discussion Points: Expanded Mineral Resource Estimate: Mike breaks down the recently filed technical report detailing the 5.2 million ounce gold resource, specifically highlighting the higher-grade near-surface material at the Blackjack and Rosgobel deposits. Asset Spin-Out Strategy: Analysis of the plan to spin out the Nevada and Arizona assets - Alpha Gold and Burro Creek. Strategic Board Appointments: The addition of Caroline Hendrick brings specialized expertise in securities law as the company advances the project. The 60,000m Drill Program: An update on the multiple rig operation currently active at RC Gold, focused on expanding the resource and testing new targets. Tungsten By-product Potential: Initial insights into the re-assaying of 34 drill holes to quantify significant tungsten concentrations discovered alongside the gold mineralization.   If you have any follow up questions for the team at Sitka Gold please email me at Fleck@kereport.com.    Click here visit the Sitka Gold website to learn more about the Company - https://sitkagoldcorp.com/   -------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I am joined by Eric Roth, President and CEO of Capella Minerals (TSXV: CMIL | OTCQB: CMILF), for a comprehensive exploration update on the company's projects in Finland and Spain. Backed by the funding and earn-in partnership with Tumad, the company is testing high-grade gold and copper targets across a portfolio of projects in Finland and Norway. Key Discussion Points: Killero East Drill Program Completion: Eric provides details on the recently completed almost 2,000-meter diamond drilling program at the Killero East gold-copper project, discussing the timeline for upcoming assay results. New Gold Targets in Finland: An overview of the base-of-till (BOT) sampling currently underway at the Seisunselka and Jolhikko targets, located about 10km west of Killero East in the Central Lapland Greenstone Belt. Finnish Portfolio Pipeline: A look ahead at the drill-ready targets at Killero West which id slated for follow-up work during the summer 2026 campaign. Spanish Copper-Gold Expansion: Updates on the new portfolio in Southern Spain, where geophysical surveys are targeting high-grade iron oxide-copper-gold (IOCG) systems similar to those found in world-class districts in Brazil and Australia. Tumad Earn-In Agreement: A breakdown of the 2026 work commitments, including the 12,000-meter total drill commitment across Finland and Norway.   If you have any follow up questions for Eric please email me at Fleck@kereport.com.    Click here to visit the Capella Minerals website to learn more about the Company.    ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

[Recorded March 31st, 2026] Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to review how he is trading these volatile markets on the back of Middle East geopolitics, and a positive upswing in many sectors, including the precious metals and critical minerals stocks on the last day of March. We look ahead to April, and the trends he'll be watching most closely.   We discuss the ever-shifting narratives on the Middle East war, and the longer-term implications for oil prices, which he believes will remain more elevated than prior to this conflict, and won't be going back down to where they were previous to this month.  He is holding onto many of the oil and gas names in his portfolio, but understands why some investors may want to pull some profits after very nice moves higher.   With regards to the precious metals, Sean remains bullish for gold and silver for the medium-term to longer, because all the broader fundamental macroeconomic and geopolitical factors are still in place and haven't changed. While the central bank of Turkey has been selling gold to support their currency, and some countries in the Middle East have been rumored to be selling gold to counter losses in energy revenues, he believes that selling pressure will subside if a resolution is reached with regards to the Strait of Hormuz. He doesn't feel the bull market in precious metals has been negated, despite all the downside price action since the January peak, as long as gold holds above $4,100.   Sean and his subscriber still have good exposure to gold and silver stocks, but are now considering buying back or adding to positions that they had trimmed back in January after the big sector correction during the month of March, but constructive recent bounce. He highlighted Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) as stock that sold off hard after their recent earnings, due to higher costs from more capital spending that investors were expecting, but it also reversed back up strong to close up the month along with the sector. He sees moments like this as examples of where investors that missed a stock on the way up the first time, get another opportunity to accumulate into pullbacks.     With regards to the critical minerals stocks; a wide range of the antimony, tungsten, and rare earth stocks had a big surge on the last day of March, along with the rest of the metals complex, and he noted that many will still benefit from future government funds and policy initiatives to support these important inputs into infrastructure and defense. He highlighted that he and his subscribers had done well in United States Antimony (NYSE American: UAMY)and continue to look for opportune times to add into weakness, since the US government has a been a customer and strategic partner.  They are also partnered with Americas Gold and Silver in a JV to build an antimony processing plant in Idaho, to keep their production and processing domestic. Sean also highlights the positive news from Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) on March 31st, where the Board of the Export-Import Bank of the United States ("U.S. EXIM") unanimously agreed to notify Congress of a proposed $2.7 billion senior secured long-term loan for development of Perpetua's Stibnite Gold Project. With regards to a rare earth stock bouncing at month end, that may be offering a compelling entry point after a larger correction, he flagged Critical Metals Corp. (Nasdaq: CRML) as a stock he is watching more closely.   Click here to follow along with Sean's work at Weiss Ratings Daily and Wealth Megatrends . Click here to learn more about Resource Trader   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins us to review the news out March 30th, reporting on the initial drill results from its ongoing Phase VI exploration program, including results from Condoryacu and Oculto East. We also discussed the upcoming catalysts of the updated Mineral Resource estimate (“MRE”), Definitive Feasibility Study (“DFS”), Environmental Impact Assessment (EIA) permit, and ongoing Phase 6 Exploration Program for the balance of 2026.   The Company announced that it has completed the acquisition of the Condoryacu and Maria Amalia properties, located immediately adjacent to its flagship Diablillos project in Argentina. The acquisitions were completed following final payments of US$2.5 million for the Condoryacu property and US$250,000 for the María Amalia concession, as previously announced on February 17, 2026.   At Condoryacu, initial confirmatory drilling has returned very strong results, including a broad, high-grade intercept of 72 metres grading 18.7 g/t gold, 117 g/t silver and 2.06% copper beginning at surface. These results confirm the presence of a high-grade precious and base metal mineralized system that appears to be related to the broader Oculto-JAC hydrothermal system at Diablillos. The 72-metre intercept grading 18.7 g/t gold represents the strongest gold grade-thickness intersection ever reported within the broader Diablillos district.   At Oculto East, the first drill hole of the Phase VI campaign (DDH 26-001) intersected a broad, continuous zone of oxide gold and silver mineralization extending beyond the limits of the current conceptual open pit, further demonstrating the scale and continuity of the overall mineralized system. Follow-up drilling is underway as part of an extensive program to expand and define gold-silver mineralization several hundred metres east of the open pit margin.  John takes us through the busy year of catalysts the company has on tap, starting with all the drilling data from Phase V being compiled into an updated Resource Estimate that will come out in parallel with their Definitive Feasibility Study, which is due out in the 2nd quarter of 2026.  Additionally, the Company is awaiting their EIA permit, which will be the trigger for a construction decision later in the year. There will also be the ongoing Phase 6 exploration program expanding the deposit size and resources for the balance of the year, mostly at Oculto East and Oculto NorthEast, but with some holes at JAC, Cerro Viejo, and now other follow-up targets at Condoryacu.     If you have any follow up questions for John regarding at AbraSilver, then please email them into us at Fleck@kereport.com or Shad@kereport.com.   In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more shares at any time.   Click here to visit the AbraSilver website and read over the most recent news releases.   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this update from Red Canyon Resources (CSE: REDC - OTCQB: REDRF), Chairman and CEO Wendell Zerb discusses the company's recent financing and the upcoming drill programs across their copper-focused portfolio.  Key Discussion Points: Recent $2.5 Million Financing: Wendell details the strategic participation of institutional investors and high-net-worth individuals, specifically highlighting Tech Resources topping up to maintain their 9.9% stake in the company. The Inzana Project Drill Plan: Insights into the upcoming May drill program at the Inzana Project in Central BC, focusing on the high-priority Camp Target where previous shallow drilling identified significant copper-gold mineralization. Kendall Project Advancements: A review of the Kendall Project, the company's most advanced asset, which has shown continuous mineralization across ten drill holes spanning a 1.5km by 500m area. Scraper Springs Potential: An overview of the 2026 plans for this Northern Nevada project, including a final ZTEM geophysical survey to define deep-seated porphyry targets before drill testing.   If you have any follow up questions for Wendell please me at Fleck@kereport.com.  Click here to visit the Red Canyon website - https://www.redcanyonresources.com    ----------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins me to discuss the results of the updated Preliminary Economic Assessment ("PEA") for its 100%-owned Tonopah West Project, located in West-Central Nevada, United States.  We also delve into the updated Mineral Resource Estimate (“MRE”) that was prepared by RESPEC in accordance with the CIM Definition Standards and NI 43-101, with an effective date of January 4, 2026.  The Tonopah West Project is located in one of the largest historic silver districts in North America, located on private land in Nye and Esmeralda counties, Nevada, United States.   Highlights of the Tonopah West PE  (Ounces are troy; all tonnes metric)   Disciplined Base Case Economics: Secured with a conservative long-term silver ("Ag") price of US$31 per ounce and a gold ("Au") price of US$2,700 per ounce, the Project shows robust, after-tax net present value, discounted at 5% ("NPV5%"), of $437-million, and an after-tax internal rate of return ("IRR") of 28% over an 11.2-year life of mine ("LOM") -- ensuring operational resilience through a wide range of metal price cycles; Exceptional Leverage to upside metal prices: Assessed at the 1-year analyst consensus forecast for gold and silver prices (US$66.90/oz Ag and US$4,554/oz Au), the Project delivers US$1.55B after-tax NPV5%, a 79% IRR, and a 1.4-year payback; Low Initial Capital: Calculated initial capital cost of US$190-million (including US$25-million contingency) with a base case payback period of 3.5 years; Increased Payable Metal: Enhanced mine plan delivers 89.6 million silver equivalent ("AgEq") ounces, which equates to 79.6 million payable AgEq ounces -- a 14% increase in payable silver and 17% increase in payable gold as compared to the previous preliminary economic assessment on Tonopah West,dated effective September 4, 2024 with a US$778-million after-tax LOM cash flow. Excellent Metallurgical Recoveries: Realized average recoveries of 91.6% for silver and 96.3% for gold from a 3-stage crushing circuit and processing plant; Unique location and infrastructure: Located on patented mineral claims (private land) adjacent to the town of Tonopah, Nevada, the Project benefits from its location, unprecedented infrastructure and profits from a stream-lined permitting process with only State and County agencies as stakeholders.   The MRE encompasses the spatial areas known as Victor, DPB North, DPB South, Northwest Step Out, and the East Extension areas. The Victor area is approximately 700-metres by 350-metres while the DPB area is 700-metres by 1,100-metres. NW Step Out represents a new extension of the vein zones to west-northwest. The East Extension is an area between the DPB South area and the eastern edge of the property. The spatial areas are not considered to be significantly different geologically but have been separated for logistical purposes in future mining scenarios.   Increased Indicated AgEq Ounces: Improved indicated category mineral resource estimate comprising 2.75 million tonnes grading 454 grams per tonne ("g/t") AgEq totaling 40.2 million ounces of AgEq (216.8 g/t Ag and 2.25 g/t Au for 19.2 million ounces of silver and 199,000 ounces of gold respectively) - a 90% increase over the previous mineral resource estimate on Tonopah West dated effective August 25, 2025; Large Resource with Upside Potential: Increased inferred mineral resource with 5.54 million tonnes grading 466 g/t AgEq for 83 million ounces of silver equivalent (188.5 g/t Ag and 2.62 g/t Au totaling 33.6 million ounces of silver and 467,000 ounces of gold) in an inferred mineral resource category. The vein system is open to the east, northwest and at depth; Low-cost Geometry: Used a minimum mining width of three metres (3m), and Long Hole Stoping (cheaper costs) accounts for 88% of the tonnes mined while Cut and Fill mining accounts for 12% of the tonnes; Fully-financed 17,000 metre two-phased expansion drill program commenced in February with up to 800 metre step-outs along strike NW Expansion (10 drillholes): Targeting expansion opportunities along strike of the DPBS North zone to the east and northwest with step-out holes up to 800m along strike planned Eastern Expansion (20 drillholes): The Eastern Expansion Program will follow up on the shallow, high-grade, and thick zones of silver and gold in each of the recognized structures identified in 2025.   Click here to follow the latest news from  Blackrock Silver    For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.    

In this Daily Editorial, we chat with Dave Erfle, Founder and Editor of Junior Miner Junky, to break down a historic month of volatility in the precious metals sector. As March 2026 comes to a close, the markets are witnessing a significant rebound following a "nasty" monthly candle that saw major pullbacks across the board. Key Discussion Points: Analyzing the March Correction: A look at the significant monthly drops in GDX and GDXJ, contrasted against gold's impressive all-time high quarterly close. Geopolitical Catalysts: How shifting rhetoric regarding the conflict in Iran and potential threats to infrastructure are tossing the gold price between positive and negative extremes. Macroeconomic Pressures: Insight into Jerome Powell's Harvard speech addressing the "unsustainable" path of U.S. debt and its long-term implications for hard assets. Technical Benchmarks for Recovery: The specific price targets Dave is watching for GDX and GDXJ to confirm the deleveraging phase is over. Selective Investing in Juniors: Why Dave is prioritizing cash-rich developers with strategic partners over high-retail-float explorers in the current environment. The Importance of Strategic Partnerships: A discussion on why a "de-risked" project - one with a feasibility study and a major partner - is a "big green flag" for investors.   Click here to visit the Junior Miner Junky website to learn more about Dave's investment letter - https://www.juniorminerjunky.com/   -------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this Daily Editorial, I am joined by Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets. Darrell oversees the commodities trading desk and provides an "inside look" at how market participants are hedging and reacting to the current geopolitical climate. The discussion focuses on the intense volatility across the energy and metals sectors, specifically exploring the divergence between global benchmarks and the underlying structural constraints facing the market today. Key Discussion Points: Oil Market Divergence: An analysis of the widening spreads between WTI, Brent, and Dubai benchmarks, and why the forward curves are currently underestimating structural supply issues. The Strait of Hormuz & Supply Chains: How Iran's leverage over global shipping routes is creating "exponential" problems for energy-intensive commodities like aluminum and petrochemicals. Industrial Metals Performance: Why Aluminum has become a massive outlier in the base metals complex due to high energy costs, while copper and nickel remain relatively range-bound. Natural Gas Dynamics: A look at why U.S. natural gas remains decoupled from global prices due to maxed-out LNG export capacity. Precious Metals Sentiment: Insights into the recent "flush out" in Gold and Silver and why central bank activity remains a critical factor for long-term bulls.   Click here to learn more about Bannockburn Capital Markets  - https://www.bannockburnglobal.com/   ------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we are joined by Garrett Ainsworth, President and CEO of District Metals (TSX.V: DMX | OTCQB: DMXCF | Nasdaq First North: DMXSE). Garrett provides a comprehensive update on the company's near term work plans in Sweden. The discussion covers the anticipated release of the Preliminary Economic Assessment (PEA) for the Viken Deposit, innovative metallurgical processes that enhance resource recovery, and the upcoming drill programs across the portfolio of energy metal properties. Key Discussion Points: Viken Deposit PEA & Economic Impact: Insights into the upcoming Preliminary Economic Assessment (Q2 2026) and the subsequent Economic Impact Study scheduled for Q3, focusing on social licensing and job creation. Metallurgical Advancements: A look at how new extraction technologies, originally developed for lithium and rare earth elements, are being applied to the Viken deposit to improve recoveries of uranium, vanadium, and potash. 2026 Exploration & Drilling: Details on the Q2 drill plans at the Alum Shale and Viken projects, alongside fieldwork at high-grade uranium targets like Såtjärn, Nianfors, and Ardnasvarre. Swedish Political Landscape: An update on the potential "Deposit of National Interest" designation for Viken and the June 11th parliamentary vote regarding the removal of the municipal veto on uranium processing.   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 - https://www.districtmetals.com/   ----------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention from recent corporate news and strategies from 3 advanced gold and silver developers looking to go into the 2nd wave of the Lassonde Curve on the pathway to production in the next 1-2 years.   >> The companies we discussed in the interview are:   Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF) – On March 30, 2026 the Company reported an updated Mineral Resource Estimate (“MRE”) for its Koné and Gbongogo Main deposits, at the Company's flagship Koné project, located in Côte d'Ivoire, where construction continues to rapidly advance on-budget and ahead of schedule with first gold pour anticipated through the oxide circuit in late Q4-2026.   Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) - On March 30, 2026, the Company announced that it has obtained the main required governmental authorizations for the execution of its 40,000 tonne underground bulk sampling program at the Perron gold project, located within the locality of Valcanton, near Normétal. Field preparatory work is planned to begin during the month of April, with the objective of initiating portal construction in early summer 2026.   Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) – On March 3, 2026, the Company announced the issuance by the Nevada Department of Environmental Protection (NDEP), through the Bureau of Air Pollution Control, the Class II Air Quality and Surface Disturbance Permit for the Company's Tonopah West mineral project located along the Walker Lane Trend in Nye and Esmeralda Counties, Nevada, USA. The Permit allows for the disturbance of up to 150 acres (60.7 Hectares) at Tonopah West for five (5) years, which can be extended and modified as Tonopah West moves toward permitting and construction of its proposed exploration decline, test mining and bulk sample extraction programs.   Click here to follow Erik's analysis over at The Hedgeless Horseman website   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we are joined by Craig Hemke, Founder and Editor of TF Metals Report, to break down one of the most volatile periods for precious metals in recent history. Craig provides a deep dive into the macroeconomic "perfect storm" currently suppressing prices. Key Discussion Points: The Triple Threat to Gold: Craig explains how the 50-55 basis point shift in the 2-to-10-year yield curve, a rallying U.S. Dollar, and the massive 58-metric ton gold liquidation by Turkey have converged to drive prices lower. Central Bank Liquidity Concerns: An analysis of why sovereigns like Turkey are swapping gold for dollars to prop up local currencies and how this deviates from the decade-long trend of central bank accumulation. The "Peak Lunacy" in Rates: Why Craig believes the market has it wrong regarding future rate hikes, citing the unsustainable cost of refinancing $12 trillion in U.S. Treasuries at higher interest rates. The Disconnect in Mining Equities: A look at the severe margin compression facing producers as energy costs rise while metal prices fall, and why Q1 earnings might still surprise the market. Silver's Technical Outlook: Evaluating the breakdown of the "one universal chart" and whether Silver is headed back toward its 200-day moving average or poised for a triple-digit recovery.   Click here to visit Craig's website - TF Metals Report - https://www.tfmetalsreport.com/   ------------------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this episode, we are joined by Derek Iwanaka, CEO of Prince Silver (CSE:PRNC - OTCQB:PRNCF - FRA:T130), for a comprehensive update on the company's flagship Prince Silver Project in Nevada. Following an upsized 9,000-meter drill program and a successful private placement, Derek discusses the significance of recent high-grade intercepts and the company's strategic outlook for 2026. Key highlights: High-Grade Drill Results: Derek breaks down the standout results from the first 15 holes, highlighted by an intercept of 7.6 meters at 230 g/t silver and nearly 11% manganese.  Exploration Upside and Scale: With 12 out of 15 holes hitting mineralization, the project currently shows a 1.5 to 2-kilometer strike length. Derek details plans for step-out drilling to the north, south, and west to test the ultimate boundaries of the system. Strategic Manganese Component: As the U.S. looks to secure domestic supplies of critical minerals, Prince Silver's significant manganese content offers unique strategic value. Derek explains the company's ongoing dialogue with the U.S. government regarding potential funding through critical mineral initiatives. Metallurgical Synergy: The team is currently conducting metallurgical testing to optimize the recovery of silver from manganese-rich ore, leveraging proven processes used by peer companies in similar carbonate replacement deposits (CRD). Regional Consolidation: Beyond the current drill program, Prince Silver is evaluating further acquisitions within the historic Pioche District to consolidate high-potential ground that hasn't seen modern exploration since the 1970s.   Please email me with any follow up questions for Derek - Fleck@kereport.com  Click here to visit the Prince Silver website to learn more about the projects and team.     ------------------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.