The KE Report

In this Daily Editorial, hosts Cory and Shad sit down with Brien Lundin, Editor of Gold Newsletter and host of the New Orleans Investment Conference, to dissect the crosscurrents impacting the precious metals sector. Following a week of heavy post-election volatility and discussions from the conference floor, Brien breaks down where macro capital is headed and what it means for resource investors.
New Orleans Conference Macro Takeaways: Why sovereign debt, persistent deficits, and inevitable fiat currency depreciation dominated the stage as primary drivers for the long-term precious metals bull market.
The Looming Fed Monetary Shift: Why current debt levels make prolonged rate hikes unsustainable, paving the way for central bank policy to turn neutral or loose far sooner than broad markets anticipate.
The Tech Bubble Deflation and Sector Rotation: How weakness across broad equities and AI-driven growth could spark an overdue rotation of global liquidity into unloved, deeply discounted natural resources.
Tax-Loss Season as an Entry Strategy: Navigating seasonal year-end tax-loss selling pressure across junior equities to uncover asymmetric value before the next seasonal rally takes hold.
Exploration Catalysts Defying Downward Trends: The specific high-grade drill programs, district-scale land expansions, and surface discoveries that continue to create real shareholder value despite broader equity turbulence.
Commodity Divergence and the Copper Outlook: Why industrial demand creates short-term headwinds for silver while setting copper up as a long-term core commodity holding.
 
Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/
 
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For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
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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 sit down with Garrett Ainsworth, President and CEO of District Metals Corp. (TSX-V: DMX | OTCQB: DMXCF | Nasdaq First North: DMXSE SDB). Garrett Ainsworth provides a comprehensive exploration update covering ongoing drill activities and recent geochemical sampling across the company's Swedish mineral portfolio:
Substantial widths at Target A: Initial vertical drilling has intercepted thick intervals of mineralized alum shale extending up to 198 meters near surface.
True width and structural significance: Visual drill results demonstrate how current intercepts align with the broader Viken resource model and past economic assessments.
Radiometric readings and graphite potential: Scintillometer data shows elevated radioactivity levels, highlighting conductivity trends and indicating stronger potential targets nearby.
Environmental benefits of local geology: Overlying limestone units present a unique operational advantage for potential future backfill, tailings neutralization, and reclamation.
Upcoming assay timelines and multi-element focus: Anticipated assay results will evaluate comprehensive mineral values beyond uranium, including vanadium, nickel, zinc, molybdenum, and potash.
Advancing non-alum shale properties: Recent surface sampling at Nianfors and Sågtjärn has defined walk-up drill targets and generated partner interest.
Exploration pipeline and treasury strength: Low operational costs in central Sweden support steady winter exploration, backed by a robust working treasury.
 
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/
 
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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 Oct 29th, 2026 at NOIC] - Maura Kolb, President of Dryden Gold Corp (TSX.V: DRY) (OTCQX: DRYGF), joins us for a comprehensive exploration update at numerous areas of focus across their Dryden Gold District, in Northwestern Ontario, Canada.  We touch upon some of the recent news releases returning more high-grade and disseminated gold drill results at the Elora-Jubilee and Big Master areas along new parallel trends, the upcoming drill assay results coming back from Mud Lake, and various teams working on more ground truthing and surface exploration on the Hyndman and Sherridon regional targets.
 
To date, the Company has completed 70% of their planned 45,000-meter drill program, that is continuing to build upon both the high-grade and bulk tonnage results from last year’s drill program.  The results coming back continue to confirm the thesis around the 3 geological deformation faults and folds at the Elora-Jubilee and Big Master trends at the Gold Rock Camp.  There are now up to 15 parallel structures that have been delineated along this trend, and more recent results showing the geological model getting more refined.
 
We expanded the conversation along the multi-kilometer Gold Rock mineralized trend, where the team is continuing to review the potential for similar look-alike types of deposits to exist, in a “string-of-pearls” thesis. 
 
On September 17, the Company announced the discovery of visible gold in the first drill program targeting Mud Lake North, which is approximately three kilometers north of Gold Rock. The first two drill holes intersected broad zones of alteration accompanied by significant sulphide mineralization, while the third drill hole intersected similar alteration and sulphide mineralization along with visible gold.
Drilling continued at Mud Lake over the last couple months testing down-plunge and along strike. Assays are pending for these holes, which when reported aim to demonstrate that Mud Lake North is another potential deposit, along a 12km trend of periodicity along the Gold Rock Camp trend.
The exploration team is also conducting surface sampling and mapping at the Doubloon target, in the opposite direction along this mineralized trend, and on the other side of Elora-Jubilee deposit.
  
Maura reiterated the importance of the large soil sampling, channel sampling, and mapping programs at Hyndman, Sherridon, and across their district-scale land package.  She outlined how those data sets, when used in concert with geophysical surveys, will inform follow up drill targeting for next year.
 
 
Click here to follow the latest news from Dryden Gold
 
If you have any questions for Maura, Trey, or the team at 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 Substack reports:
 
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.

[Recorded 10-30-2026] - Victor Cantore, President and CEO of AMEX Gold Mining Inc. (TSXV: AMX) (OTCQX: AMXEF) (FSE: MX0), joined me live at the New Orleans Investment Conference for a big picture update on their transition to development and near-term production at their flagship 100%-owned Perron Gold Project, located in Quebec, Canada.  The Company is moving into a trial mining 40,000-tonne bulk sample program, that will then directly transition over into Phase 1 mining over the next 2 years.  In parallel, their exploration team will be maintaining their ongoing 100,000 meter 6-drill rig program, so there is still the dual-focus on exploration; along with development towards near-term production.
 
On September 21, the Company provided an update on activities at its Perron Gold Project, highlighting the successful completion of portal construction and the commencement of underground development.
 
Recent and ongoing surface infrastructure activities at Perron include:
 
The decline has now advanced more than 75 metres underground as part of Amex's permitted 40,000-tonne bulk sample program.  (Victor mentioned as of the NOIC conference that the decline is now over 200 meters in length)
Construction of the mechanical shop has commenced, providing permanent infrastructure to support underground equipment and site activities;
Clearing of the right-of-way for the 25 kV power line has been completed, with pole installation underway.
Continued underground development toward the high-grade Champagne Zone;
Continued operation and optimization of the site's water treatment infrastructure;
Ongoing development of surface infrastructure, laydown areas and services required to support underground activities; and
Continued planning and engineering for additional infrastructure required at Perron.
 
Victor outlined how this 40,000-tonne bulk sample program at Perron will provide important technical information on underground mining conditions, grade continuity and recovery, and metallurgical performance, measured against the metrics outlined in the positive Feasibility Study for the 5 years of commercial Phase 1 production. The bulk sample will have an initial capital outlay of around ~C$60Million, after including the additional step of connecting the site to the hydroelectric power line. After processing ~40,000 tonnes via toll-milling at a nearby plant; and producing around 23,000-28,000 ounces of gold, this will generate revenues more than double that capex, which combined with the C$80M raised in June will go on to fund Phase 1 mining.
 
We discussed how the market does not seem to fully appreciate or value that the Company will be mining and producing metals and revenues by the end of 2027.  Additionally, Victor points out that the portal and decline/ramp development utilized in this upcoming bulk sample is the exact same plan envisioned in their economic study, and will shave all that capital, development work, and time off the front-end of Phase 1 development, providing a faster organic natural transition in Phase 1 commercial mining in 2028 simply by extending that ramp further into the mine.
  
In addition to all the development slated for this year, the company is pressing forward with the ongoing 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.
 
On October 29th, the Company announced:
114.07 g/t Au over 1.00 m including 227.46 g/t Au (and 17.90 g/t Ag) over 0.50 m at a vertical depth of ~187 m in hole PE-26-959 of the Denise Zone
29.86 g/t Au over 2.50 m including 126.24 g/t Au (and 20.80 g/t Ag) over 0.50 m at a vertical depth of ~220 m in hole PE-26-957 of the Denise Zone
 
 
Click here to follow the latest news from Amex Exploration
 
 
If you have any questions for Victor regarding Amex Exploration, then please email them into me at Shad@kereport.com.
 
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.
 
 
For more market commentary & interview summaries, subscribe to our Substack reports:
 
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, Cory is joined by Mike Spreadborough, Executive Co-Chairman at Novo Resources Corp. (TSX: NVO | ASX: NVO | OTCQX: NSRPF) to break down the latest corporate and operational developments across the company’s extensive Australian exploration portfolio. Backed by a strong cash position and significant strategic investments, Novo continues to push ahead with key exploration programs while navigating broader junior market dynamics.
Tibooburra Gold Project Drilling: Initial reverse circulation drilling is officially underway at the Clone prospect as Novo secures its formal joint venture position along an extensive mineralized trend.
Egina Review: A comprehensive review of extensive historical drilling data is setting the stage for target definition and field work ahead of planned exploration.
Permitting and Preparation at Techman: Regulatory and heritage access progress points to an upcoming first-quarter drill campaign focused on high-grade rock systems.
Partnering Strategy for the Belltopper Gold Asset: Novo outlines plans to de-risk and advance its high-grade reef targets in Victoria by seeking a strategic partner to accelerate project growth.
Surface Work and Multi-Element Targets at Wyloo: Assays are pending following completed soil sampling designed to outline fresh drilling targets across a prospective hydrothermal mineralized system.
Cash, San Cristobal Valuation, and Market Disconnect: Management addresses the valuation gap between the company’s market capitalization and its robust cash and liquid investment holdings.
 
Click here to listen to the last interview for an indepth discussion on the Tibooburra drill program.
 
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 - https://novoresources.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 recorded live from the New Orleans Investment Conference, Cory and Shad sit down with Bob Archer, President and CEO of Pinnacle Silver and Gold Corp. (TSX-V: PINN | OTCQB: PSGCF | Frankfurt: P9J). Bob outlines the company’s dual-track approach to near-term production and regional exploration across their portfolio in Mexico:
Underground Drilling Progress: How delineation drilling across historic mines is wrapping up and when investors can expect the remaining assay results.
Surface Drilling Expansion: The objectives behind the planned 5,500-meter surface drill campaign to test strike extensions and parallel vein targets.
Path to a Production Decision: Why management is targeting Q1 of next year to establish a mine plan and internal mineral inventory without the overhead of external 43-101 reports.
Metal Recoveries and Grade Dynamics: The split between gold and silver mineralization and what metallurgical test work reveals about potential recovery rates.
New Polymetallic Discoveries: The implications of recent LiDAR work uncovering older, high-grade vein systems and the strategic processing options available.
Permitting Roadmap: How baseline work completed for initial surface drilling is accelerating subsequent environmental and mine permits.
 
Please email me with any follow up questions you have for Bob - Fleck@kereport.com.
 
Click here to visit the Pinnacle Silver and Gold website to learn more about the company and read over the recent news 
 
-----------------------
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 on 10-30-2026] - Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joined me live at the New Orleans Investment Conference at the end of last week to share his main investing takeaways.
We got into a fast-paced and wide-ranging discussion on the macroeconomic factors and political headwinds behind the increasing volatility and potential opportunities in gold, silver, oil, uranium, and critical minerals stocks.
 
 
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 Substack reports:
 
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.

[Recorded on October 30th at NOIC] - Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY), joined me live at the New Orleans Investment Conference for another exploration update. On October 27th the Company reported the discovery of new, significant, shallow silver mineralization in the Leona zone, Soledad II structure, based on three additional diamond drill holes (LC-26-027, LC-26-028 and LC-26-029), at the Company’s Las Coloradas silver project in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.
 
Highlights:
 
LC-26-028 returned 566 g/t AgEq (348 g/t silver & 0.42 g/t gold) over 2.52 meters (59.30 – 61.82m); including 899 g/t AgEq (532 g/t silver & 0.67 g/t gold) over 1.25 meters (60.57-61.82m)
LC-26-029 returned 303 g/t Ag Eq (191 g/t silver & 0.30 g/t gold) over 6.50 meters (59.50-66.00m), including 787 g/t Ag Eq (466 g/t silver & 0.62 g/t gold) over 1.35 meters.
High-grade, shallow silver mineralization intersected over 100 meters.
The 1.6-kilometer-long (approx. 1 mile) Soledad II vein/structure has only been drill-tested over 100 meters with positive results.
Soledad II vein/structure dips west. In contrast, Soledad vein/structure dips east.
 
 
Scott reiterated that this discovery of new, significant, shallow silver mineralization in the Leona zone of the Soledad II vein/structure is of great importance as it demonstrates the discovery potential of this 1.6 km (approx 1 mile) long, untested system. Kingsmen has identified numerous other targets along Soledad II system that are similar to the Leona zone and have never been drill tested. By comparison, all have potential to host significant shallow zones of silver mineralization.
 
We also reviewed that there are still multiple drillholes pending along the Soledad I structure from the Aguilar Target, and additionally some holes drilled into the Saddle Target, further beyond the Soledad II structure that will have assays coming back from lab in the near future.
 
If you have any questions for Scott regarding Kingsmen Resources, then please email those in at Shad@kereport.com.
Click here to follow the latest news from Kingsmen Resources
 
 
For more market commentary & interview summaries, subscribe to our Substack reports:
 
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 today's Daily Editorial, hosts Cory and Shad welcome back Dave Erfle, Founder and Editor of the Junior Miner Junky, to break down the sharp sell-off across the precious metals complex and equities following significant monthly closing levels.
Historical Corrections vs. Parabolic Spikes: A comparative look at the recent pullbacks in gold and silver against prior multi-year bull cycles, evaluating whether current sentiment mirrors past mid-cycle bottoms.
Macro Headwinds and AI Market Liquidation: How broader tech-sector margin pressures, election dynamics, and macro rate-hike expectations are spilling over into resource equities.
Mining Equity Resilience vs. Underlying Metals: An examination of why senior and junior equities are exhibiting divergence relative to the metal price drops, supported by corporate cash flows and cleaner balance sheets.
Contrarian Accumulation Strategies: Insights into setting limit order stink bids during capitulation volume rather than waiting for fully confirmed technical reversals.
Catalysts, Newsflow, and Jurisdictional Tailwinds: The impact of tax-loss selling, capital raises, and shifting regulatory frameworks across mining-friendly jurisdictions.
 
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 Company Update, we sit down with Anthony Margarit, President and CEO of K2 Gold Corporation (TSX-V: KTO | OTCQB: KTGDF | FSE: 23K), recorded live from the floor of the New Orleans Investment Conference.
Record-Breaking Drill Results at Dragonfly: The company recently intersected its widest and highest-grade gold interval of the 2026 program, highlighted by a hole that ended in some of its strongest mineralization before being cut short.
System Continuity and Scale: Continued drilling demonstrates predictable, linear structural control across Dragonfly, pointing toward stacked parallel zones and significant strike extension.
Imminent Assays from Newmont Target: With dozens of holes already at the assay lab from a key target area 3 km south, initial near-term newsflow could shed light on a potential mineral resource footprint.
Multi-Rig Exploration and Target Pipeline: Plans are underway to bring in additional drills and unlock further targets along the East Side Gold Trend, including critical mineral polymetallic targets and high-grade surface showings.
Market Sentiment vs. Asset Fundamentals: An on-the-ground look at investor reactions from the conference floor and how project progress compares to broader market conditions.
 
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 - https://k2gold.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.