The KE Report

Robert Sinn – Multiple Tailwinds For Precious Metals Stocks Heading Into August

Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins us to review his macroeconomic outlook, sector seasonality, and Q2 earnings all as positive tailwinds for the gold and silver junior mining stocks as we head into August.  We start off getting his thoughts on why he thinks weakening economic factors, in concert with moderating inflation, will give the Fed reason to announce a potential 50 basis point rate cut at their September meeting.  He'll be analyzing carefully the messaging at next week’s FOMC meeting, to may be preparing the markets for that process.
 
With regards to the precious metals, Robert sees the commencement of central bank rate cuts as a net positive for the precious metals, and he expects to see that bring more interest down into the junior PM stocks. Additionally, there is the upcoming tailwind of shifting out of the summer doldrums and into the seasonally strong months of August and early September. We discuss how there is also a lot of exploration work that has been going on the last couple of months that will start getting reported next month, adding to the seasonality factor.  We wrap discussing one more sector tailwind with the positive Q2 earnings reports starting to come in on the senior producers, with Robert pointing to the recent messaging and key constructive takeaways from Newmont Mining (TSX: NGT) (NYSE: NEM).  With more companies set to still report their Q2 numbers, this should be another potential catalyst in the gold and silver stocks.
 
Click here to follow Robert on X/Twitter
 
https://www.youtube.com/@GoldfingerCapital/videos
 
Follow Robert’s analysis on Substack

Sun Peak Metals - Initial 2024 Drill Program Results at Shire Project, Ethiopia

Greg Davis, President and CEO of Sun Peak Metals (TSX.V:PEAK - OTCQB:SUNPF) joins me to recap the July 24th news release reporting the first 9 holes from the 25 hole drill program at the Shire Project in Ethiopia. This round of drilling was targeting the Terer and Hamlo targets. 
 
Greg details the successful discovery of new VMS (Volcanogenic Massive Sulfide) mineralization, though he notes the findings are more pyritic-rich with less base and precious metals than expected. He also explains the geological and operational strategies employed and the significance of these results in relation to past discoveries. We also transition to future drill plans, focusing on the Anguda North target, and the expectation of achieving higher grades.
 
Click here to visit the Sun Peak Metals website to learn more about the Company and read over the recent news.
 
 
 

Troilus Gold – Project Overview, Key Economic Takeaways, Exploration Update and Regional Opportunities

Justin Reid, CEO and Kyle Frank and VP of Exploration and Corporate Development of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), join me for a video segment that highlights the primary value proposition of the main Project attributes, key takeaways from the recently released Feasibility Study, and a comprehensive exploration update near the existing pits, but also regionally across their land package.
 
We start off looking at the site location and infrastructure layout of the Troilus Project located in northcentral Quebec, Canada.   Justin outlines the advantages they have in a development scenario due to them being a brownfields site, in a tier-one mining district along a prolific mineralized trend with many other operating mines.   He then dives into the key metrics in the Feasibility Study released to the market on May 14th, as well as economic sensitivities to higher gold and copper prices down the road. 
 
Kyle then guides us through a summary of the key exploration work the team completed in 2023, and all the areas for expansion around the existing pits and proposed pits, and some new discoveries the team has made that will be getting follow up work.  Additionally, there are numerous regional targets ranging from grass roots geochemical anomalies to early-stage drill targets that are actively being explored and advanced, representing significant future upside potential across their land package.
 
** Click here to see the YouTube Video of this discussion for the visuals
 
If you have any questions for Justin or Kyle regarding Troilus Gold, then please email them over to me at Shad@kereport.com.
 
Click here to follow the latest news from Troilus Gold

Minera Alamos – Operations Update At Santana – Mining Commenced At Nicho Main Zone In June

Doug Ramshaw, President of Minera Alamos (TSX.V:MAI – OTCQX:MAIFF), joins us for an operations update at the Santa Mine where mining commenced at the Nicho Main Zone in June, and production will be expanding in 2024 in Sonora, Mexico.  We also discuss the further derisking work going on, while awaiting the permits, at the Cerro De Oro gold development project in Zacatecas, Mexico.  
 
At Santana, Mining and stacking operations commenced last month with approximately 900 ounces of newly mined gold stacked on the leach pad (through the end of June) during the initiation of mining operations at the new Nicho Main zone deposit. Access to the Nicho Main gold mineralization in the pit is steadily improving with the opening up and extraction of the first few benches. The Company plans to ultimately have access to two simultaneous working areas that, in addition to providing better traffic flow for the mobile equipment, will allow for more efficient planning for grade control and waste stripping management. Presently, estimates for the next month of mining and stacking operations are 1,300-1,500 ounces of gold placed on the heap leach pad which is approaching the lower end of the initial monthly mining rates included in the Nicho Main zone start-up plans. With mine access improving, plans are to activate two additional trucks in July which expands the mobile fleet size to the anticipated normal levels for the current mine plan. 
 
Doug outlines how there will be a lag effect to the gold production coming off the leach pads, but that Q3 and especially Q4 will see increased production, at low costs and good margins.  He further outlines the 12-month plan to build up more cash on the balance sheet, and then also describes the further upside expansion capabilities beyond this 12-month plan, where there can be further increases in the leach pads and production profile.
 
The company is still advancing permitting, engineering, metallurgical work, geological, and other geotechnical work to continue to de-risk the Cerro de Oro Gold Project as it moves down the pathway into production as the Company’s second operating gold mine. Engineering work continues to progress for Cerro de Oro in order to advance pre-development activities to coincide with the ultimate receipt of permits and a construction decision for the project.  Doug also wraps us up with his impression of the improving political environment after the Mexican presidential elections, and what that will mean for mining projects moving forwards.
 
 
Please email us with any follow up questions for Doug regarding Minera Alamos. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Minera Alamos at the time of this recording. 
 
Click here to follow along with the latest news at Minera Alamos

Vizsla Silver - Panuco PEA Overview; After-Tax NPV(5%) US$1,137 Million, 85.7% IRR, 15.2 Million oz AgEq Average Annual Production

Mike Konnert, President and CEO of Vizsla Silver (TSX.V:VZLA - NYSE:VZLA) joins me to recap the Preliminary Economic Assessment (“PEA”) on the Panuco Project, in Mexico, released yesterday, July 24th. 
The PEA highlights a robust after-tax NPV(5%) of over US$1.1 billion, an IRR exceeding 85%, initial Capex of US$224million, payback of 9 months, average annual production of 15.2million oz AuEq and an overall mine life of just under 11 years.
 
Mike elaborates on the NPV to CAPEX ratio, cash flow projections, and ongoing exploration efforts. We also explore the project's future steps, including a Feasibility Study, permitting, and near term test mining aimed at de-risking production.
 
If you have any follow up questions for Mike please email me at Fleck@kereport.com.
 
 
Click here to visit the Vizsla website to learn more about the Company. 

Dana Lyons - The Rotation Trade Is Back And There Are A Number Of Opportunities!

Dana Lyons, Fund Manager and Editor of The Lyons Share Pro joins me to discuss the rotation trade and opportunities for investors to take advantage of this early action. 
 
We start with the breakout in small caps, which have surged by 9% this month while the NASDAQ has declined by 5% over the past two weeks. Dana explains the improved market breadth and internal indicators that suggest a more sustainable rally in small and mid-cap sectors. He also discusses the health of the broader market, the potential benefits of diversification, and concerns around previously dominant mega-cap stocks. 
 
On the commodities front, Dana shares his positive outlook on gold and silver markets while highlighting some concerns and opportunities in the copper sector. We delve into sector opportunities, including defensive sectors like healthcare, consumer staples, and utilities, which are seeing renewed interest. Dana offers insights on areas within the tech space that could present contrarian opportunities despite recent pullbacks, such as cybersecurity and software.
 
 
Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services. 

Sean Brodrick – A Rotation Trade Within US Equities, Opportunities In Value Stocks, Gold, Re-Industrialization Stocks, And Uranium Stocks

Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to review the rotation trade within US Equities, but also into beat up value sector stocks, gold, the re-industrialization of America stocks, and uranium stocks.
 
We start off discussing the rotation trade out of the mega-cap tech leadership and down into both smaller cap growth stocks.  Sean weaves in his take on the supposed “Trump trade” that many outlets are touting, but outlines that many of the trends due to anticipated tariffs, or increased energy drilling are at odds with market signals.  This then brings in the discussion of anticipated Fed rate cuts, how many and how impactful they may be, and what that could mean for regional banks and homebuilders. 
 
Next we move over into opportunities Sean sees in the value stocks, like real estate and healthcare, dividend-paying stocks, and also gold.  He also breaks down how 3 separate fiscal spending bills passed are very bullish for the “re-industrialization of America” and companies that can help with the build out of new infrastructure.
 
With regards to the uranium stocks, he remains very encouraged based on the number of reactors being built or planned globally, and the increased receptivity to nations with regards to nuclear power. One of the big catalysts we discuss is how the changes to the taxes have increased in Kazakhstan, and how that may limit any big increases from Kazatomprom in production in the medium-term.  As for the uranium stocks, Sean is more animated by the uranium companies that are either in production, or that have a near-term pathway to production.
 
Click here to follow along with Sean’s work at Weiss Ratings Daily
 
Click here to learn more about Resource Trader

Western Exploration – The 2024 Drill Program Has Kicked Off At The Gravel Creek Project

Darcy Marud, President and CEO of Western Exploration (TSX.V: WEX) (OTCQX: WEXPF), joins us to outline the key objectives for the 4,000 meter drill program this year that just commenced today, which is following up on the high-grade gold and silver assays returned from last year’s program at the Gravel Creek Project.   We also review the larger vision for future development of the Company’s Aura Project, consisting of the Doby George and Gravel Creek/Wood Gulch Projects in Elko County, Nevada.
 
The Aura Project has a N.I. 43-101 Compliant Resource, last updated in 2021, of 607,000 ozs of gold and 3,169,000 silver ozs in the Indicated category @ (14,237,000 tonnes @ 1.43 AuEq g/t),  and 578,000 gold and 6,115,000 silver ozs in the Inferred category @ (12,102,000 tonnes @ 1.71 AuEq g/t).
 
Darcy points out their exploration team was extremely pleased with the 2023 drill program results, which intersected some of the highest assay values ever recorded at Gravel Creek (2800.0 g/t Ag in WG456 and 257.0 g/t Au in WG457). The structural interpretation has provided a breakthrough that identifies significantly expanded resource potential in the Jarbidge rhyolite to the east/north-east of the current Gravel Creek resource area with grades that are significantly higher than the current resource grades. 
 
The 4,000 meters of drilling at Gravel Creek for this year will target these high-grade veins identified in the Jarbidge rhyolite east of the Gravel Creek deposit. Major Drilling [Group International Inc has been contracted to supply two core drills for the oriented core drill program. stepping out from holes WG456 and WG457 to better define the structure of this high-grade area, and bring all this data into the inferred resources. We also look at the historic production from prior operators out of the Wood Gulch / Gravel Creek complex, where Wood Gulch produced 646,500 tonnes and a historic resource that averaged 3.36 g/t Au and 23.65 g/t Ag. We also reviewed the opportunity for future exploration programs to test the “gap area” between these 2 areas and that it all could potentially connect both areas into one larger system. 
 
Next we pivoted over the Doby George deposit, the prior exploration work completed at this project, the oxide resources as they stand today, the opportunity to continue exploring at depth for sulphide resources, and the optionality for development and future production at this Project.  Positive metallurgical results were returned from work just in January of this year. This also ties into a larger discussion on how the Doby George and Gravel Creek/Wood Gulch properties combine into a larger strategy for the overall Aura Project. 
 
If you have any questions for Darcy about Western Exploration, then please email me @ Shad@kereport.com.
 
Click here to see the latest news from Western Exploration

Jeff Christian - Gold, Silver, Platinum, and Palladium Investment Demand and CoT Reports

Jeff Christian, Managing Partner at the CPM Group joins me to outline the many factors driving gold, silver, platinum and palladium prices. We delve into investment demand, central bank buying, and insights on the Commitment of Traders (CoT) Reports.
 
Jeff highlights the recent volatility in the market, the political and economic factors influencing prices, and the observed seasonal trends. Key points include big shifts in gold investment demand, the impact of political changes, and an overview of central bank activities in the precious metals market.
 
Click here to visit the CPM Group website to learn more about the firm. 

Elemental Altus – Acquisition Of 2 Brownfields Tungsten Royalties And An Update On The Diba Mine Nearing First Production

Fred Bell, CEO of Elemental Altus Royalties (TSX.V:ELE) (OTCQX:ELEMF), joins us to review the recent acquisition of 2 brownfields tungsten royalties, as well as a royalty partner update on the Diba Mine nearing first production.  
 
In the news released to the market on July 22nd, Elemental Altus Royalties has acquired two existing royalties from Cornish Metals Inc. including an uncapped 4% net smelter return ("NSR") royalty on the Mactung Project in Canada currently being advanced by Fireweed Metals Corp, and a 1% NSR royalty on the high-grade Cantung Project, a formerly operating tungsten mine in Canada.
 
Mactung, operated and owned by Fireweed Metals, is one of the largest, high-grade tungsten deposits in the world and one of the few high-grade tungsten deposits outside of China, that also has the Environmental Assessment completed as part of previous permitting. Fireweed Metals, a well-financed, Lundin Group company, has an experienced management team with a track record of securing funding for mine development.  The next key catalyst on the Project will be a new PEA later in 2024, building on the updated Mineral Resource Estimate in 2023.   Fred also briefly reviews the overlooked value in the previously operating Cantung Project, and why their team is bullish on the fundamentals of the tungsten markets as a strategic metal of importance.
 
Next we got a royalty partner update on the expected maiden production from the Diba Gold Project, operated by Allied Gold Corp (TSX: AAUC). Allied Gold has announced that their 12,000 meter drilling program is targeting extending the Mineral Resources at Diba. This is significant as the exploration program is designed to prioritize near-mine oxides and comes on top of the previously announced initial Proven and Probable Reserves of 280,000 ounces of gold at 1.43 g/t within the larger 377,000 ounces of gold in Measured and Indicated Resources that was announced in February 2024.
 
Diba is expected to materially contribute to production at Sadiola from mid-2024 and Allied have fast-tracked it into production this year, while simultaneously undertaking aggressive exploration to expand the Resource. Elemental Altus owns a 3% NSR royalty on the first 226,000 ounces produced at Diba and an uncapped 2% NSR royalty on all subsequent production. The consideration also included multiple production-based milestones totalling up to US$6 million and for which the Company has received the first US$1 million with further payments anticipated this year.
 
If you have any follow up questions for Fred regarding Elemental Altus Royalties, then please email me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Elemental Altus Royalties at the time of this recording.
 
Click here to view recent news on the Elemental Altus Royalties website