The KE Report

Weekend Show - Peter Boockvar & Matt Geiger - From Wall Street to Gold Stocks: Markets and Resources in Focus

This weekend’s show dives into what’s really driving markets amid tariff tensions and why global money is quietly rotating into commodities and resource stocks.
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Show Segments
Segment 1 & 2 - Peter Boockvar, Chief Investment Officer at Bleakley Financial Group and editor of The Boock Report on Substack, joined the show to share his views on a market rally driven by AI enthusiasm despite uneven economic data, a global rise in long‑term rates, and shifting foreign capital flows. He also highlighted opportunities in international equities, a sustained bull case for commodities like gold, silver, and oil, and the need for patience with resource stocks as sentiment slowly rebuilds.
Click here to follow Peter at The Boock Report. 
 
Segment 3 & 4 - Matt Geiger, Managing Partner at MJG Capital, joined the show to discuss his resource‑focused fund’s strong first half of 2025, driven largely by precious metals and standout positions like Bravo Mining and Neo Performance Materials, while highlighting his portfolio’s heavy weighting in copper and growing exposure to prospect generators. He also shared insights on shifting global capital flows, U.S. rare earth policy moves like the MP Materials deal, and Tether’s investment in Elemental Altus Royalties as early signs of new outside capital entering the mining sector.
Click here to visit the MJG Capital website and read over Matt’s investor letter. 
 

Aztec Minerals - Tombstone Project Drilling Update & Ownership Increase

In this KE Report company update, I’m joined by Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT - OTCQB:AZZTF), to discuss the July 17th news release on the drill program and ownership at the Tombstone Project in Arizona.
Key Highlights:
First seven holes completed in the current drill program, totaling just over 1,200 meters, focused on the Southern Extension Zone along the Contention structure.
Follow-up drilling around last year’s high-grade silver discovery (highlight: 569 g/t silver equivalent over 26 meters).
Ownership increased to 85% after JV partners partially participated in recent work, moving Aztec closer to potential full control.
Overview of the 5,000-meter blended RC and diamond drill program, including plans for deeper core holes targeting CRD-style mineralization.
Expected assay turnaround in approximately four weeks, with updates anticipated in early August.
Simon also explains the joint venture structure, dilution process, and the exploration strategy as the team advances this largest drill program to date at Tombstone.
Please email me any questions you have for Simon. My email address is Fleck@kereport.com. 
Click here to visit the Aztec Minerals website.

Dave Erfle - Junior Mining Bull Market Trends: Financings, Earnings Season, and Gold & Silver Momentum

Dave Erfle, Founder and Editor of Junior Miner Junky, joins me to share insights on the accelerating momentum in the precious metals sector.
In this discussion we cover:
Financing trends: A surge in capital flowing into PEA‑stage juniors, with major strategic partners taking large stakes in recent $30M+ financings.
Sector strength: Miners and juniors showing relative strength as gold consolidates near $3,300 and silver breaks out, with the gold:silver ratio trending lower.
Earnings season outlook: Why companies like Newmont could deliver significantly higher cash flow with gold ~$400/oz above Q1 levels.
Copper market dynamics: Tariff-driven moves, record backwardation between U.S. and LME markets, and the potential for explorers to catch renewed investor interest.
Dave also shares portfolio management insights, noting when he takes profits on big winners and where he’s looking for new opportunities - particularly in copper juniors.
Watch for:
Signs of a sustainable bull market as financings are bought, not sold.
A rotation of capital further down the food chain to riskier juniors.
Key support levels: gold $3,300/$3,200 and silver $37.50, setting up for potential runs toward $4,000 gold and $50 silver later this year.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter. 

Novo Resources - Tipperborough Project Drill Update: Near Surface High Grade Gold Results

In this KE Report company update, I chat with Mike Spreadborough, Executive Co‑Chairman, and Kas De Luca, General Manager of Exploration at Novo Resources (TSX: NVO - OTCQB: NSRPF - ASX:NVO ), to recap the latest results from the Tipperborough Project in New South Wales - part of their growing greenfields exploration portfolio.
Key Highlights from the Interview:
Strong maiden drill results from the Clone target, including 12m @ 5.9g/t Au and 17m @ 2.4g/t Au, all near surface.
Insight into the broader 500m strike length tested by 14 RC holes and how these results stack up as some of Novo’s best since pivoting back to exploration.
Discussion on other prospective targets (New Bendigo, Pioneer, Phoenix) and how these results help prioritize future drilling.
Updates on upcoming field programs at Tipperborough, John Bull, Grafton, and Pilbara antimony/gold projects, with active mapping and sampling underway across the portfolio.
Commentary on Novo’s exploration strategy, logistics, and near‑term news flow and funding position.
Please email me with any follow up questions for Mike 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. 

Brien Lundin - Gold’s Summer Pause, Silver Momentum, and Junior Financing Boom

In this episode, I welcome back Brien Lundin to break down the latest trends in the precious metals markets and what investors should be watching heading into the fall. Brien, well known as the editor of Gold Newsletter and the long‑time host of the New Orleans Investment Conference, shares why he believes this bull market is still in its early innings.
Key Discussion Points
Gold’s sideways consolidation around $3,325 and why low volatility often signals a powerful move ahead.
Rotation into mining stocks and juniors: Rising financings, improved valuations, and new interest from generalist investors.
Silver’s breakout momentum: The gold–silver ratio narrowing, resilience through pullbacks, and why silver juniors offer leverage on top of leverage.
Upcoming opportunities: Brien highlights companies with significant news flow ahead, including Banyan Gold, Prospector Metals, Blackrock Silver, Vizsla Silver, and Relevant Gold.
Capital flow and M&A potential: Why larger financings and institutional interest could reshape the sector.
Brien explains why the current market action feels like a coiled spring, and why the summer doldrums often set the stage for strong fall rallies.
Mark your calendar for the New Orleans Investment Conference – November 2–5, 2025. Hope to see you there! Click here to learn more about the conference. 
Click here to learn more about the Gold Newsletter.

Kuya Silver - Bethania Mine, Peru: Q2 Production Growth & Path to 100 TPD

I’m joined by David Stein, President & CEO of Kuya Silver (CSE:KUYA - OTCQB: KUYAF - FRA:6MR1), for a detailed update following the July 15th news release reporting Q2 2025 production growth at the Bethania Mine in central Peru.
We break down:
Production up 87% quarter-over-quarter – and what’s driving this growth.
Progress toward the 100 tonnes per day milestone and the development work still underway.
How working faces are managed to sustain and expand production.
Updates on toll milling, stockpiled material, and near‑term cash flow.
A one‑time revenue boost from the Silver Kings project in Ontario.
David also explains the balance between development and mining activity, future catalysts to watch in upcoming news releases, and how Kuya’s financial position and recent royalty deal set the stage for further growth.
 
If you have any follow up questions for David please email me at Fleck@kereport.com.  
Click here to visit the Kuya Silver website.

Versamet Royalties - A New Royalty Company Bridging the Gap Between Junior Royalty Players and Multi‑Billion‑Dollar Majors

In this interview, I chat with Dan O’Flaherty, CEO of Versamet Royalties, a newly listed royalty company already making waves in the royalty and streaming space. Dan previously led Mavericks Metals, which sold to Triple Flag in 2023, and now he’s building Versamet to fill a gap between junior royalty players and the multi‑billion‑dollar majors.
 
Key Highlights from Our Discussion:
Rapid portfolio growth: Nearly US$300M in acquisitions since 2022, growing Versamet’s market cap to ~$500M.
Cash‑flow focus: From 5,000 GEOs in 2024 to 14–16,000 GEOs by 2026, translating to over $50M in annual revenue at current gold prices.
Strategic partners: B2Gold (33%), Sandstorm (25%), and Equinox Gold (13%) as cornerstone shareholders, providing technical strength and deal flow.
Balanced growth plan: Blend of near‑term organic growth and ongoing acquisitions.
Capital markets strategy: TSX Venture listing in May 2025, with plans to graduate to the TSX and pursue a U.S. listing for broader investor access.
Dan also explains:
Why Versamet stayed private until cash flow was established
How their credit facility and equity strategy are funding growth
Why this “mid‑tier gap” in the royalty space creates a unique investment opportunity
Please email me with any follow up questions for Dan. My email address is Fleck@kereport.com
Click here to visit the Versamet Royalties website. 

AbraSilver Resource - Drill Results Extends Gold Mineralization at Oculto East, Resource Growth & DFS Update

In this KE Report company update, John Miniotis, President & CEO, and Jeremy Weyland, SVP Projects & Development of AbraSilver Resource (TSX:ABRA - OTCQX:ABBRF) join me to discuss the latest developments at the Diablillos Project in Argentina.
Key topics covered:
New Phase 5 drill results at Oculto East, including a 42m intercept grading 0.68 g/t gold and 15 g/t silver - a step-out from their best-ever gold intercept in Hole 24 of this year.
Ongoing expansion drilling at Oculto East and Northeast, plus updates from Cerro Viejo and JAC. With three rigs currently on site focused at Oculto East.
Progress on the updated mineral resource estimate (expected in early August).
Insights into the Definitive Feasibility Study (DFS) - targeting mid‑2026 for an investment decision - with optimizations such as fleet upgrades, tailings design improvements, and potential grid power connections to reduce capex and opex.
How AbraSilver balances near‑term development milestones with aggressive exploration for continued upside.
Please email me any follow up questions you have for the team at AbraSilver. My email address is Fleck@kereport.com.
Click here to visit the AbraSilver website and read over the recent news.  

Jim Tassoni - Trading the Trend: Stocks, Metals & Crypto

In this KE Report Daily Editorial (July 15), we welcome back Jim Tassoni, CEO of Armor Wealth Strategies. Jim is an active momentum trader we check in with monthly to uncover where he sees strength across markets, metals, and crypto.
Key topics covered:
U.S. and global markets at all-time highs - why Jim remains long despite overbought conditions, how he uses trailing stops, and his thoughts on geopolitical risk.
Fiscal and Fed policy catalysts - impact of the new spending bill and potential shifts in Fed leadership heading into 2026.
Sector and international positioning - communication services, tech, consumer discretionary, and overweight exposure to emerging markets like India and China.
Metals momentum - outlook on silver near $40, copper holding above $5.50, and trading strategies in miners.
Oil’s range-bound setup - how Jim is playing support and resistance levels.
Crypto trends - Bitcoin’s surge past $120,000, tokenization narratives, and stop levels Jim is watching.
Click here to visit the Armor Wealth Strategies website to keep up to date with Jim and what he’s trading.

Craig Hemke – Silver Breakout, Mining Stock Rotation, and Copper’s Tariff Spike

Craig Hemke, Founder and Editor of TF Metals Report, joins us for a wide-ranging discussion on precious and base metals, recorded Monday, July 14th.
Silver has broken out above multi-year resistance, with junior silver stocks leading the charge. Craig walks through what’s fueling this breakout, including speculative flows, tariff impacts, and positioning in the COMEX market.
We also discuss:
Why silver is vastly outperforming gold and how the gold-silver ratio is driving sentiment
How mining stocks are reacting, with smaller stocks outperforming majors like Agnico and Newmont
Copper’s sharp move higher on new U.S. tariff announcements, and why Trump’s unpredictable stance is fueling volatility
A cautionary take on silver hype, commercial short positions, and how bull markets typically unfold
Inflation data, options expiry, and what to watch heading into the end of the week
Craig shares insights from decades of market experience—balancing optimism with realism—as he highlights where the real opportunity may lie for precious metals investors in the second half of 2025.
Click here to visit Craig’s website - TF Metals Report