The KE Report

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review his key takeaways from a recent mining conference in Stockholm Sweden.  The conversation then moves into how he is evaluating opportunities in junior gold and silver resource companies that have clear catalysts and that have funded their next phase of growth.  
 
We start off discussing the mining conference, getting his reflections on investor sentiment, the deluge of sector newsflow, takeaways from speaking with company management teams, and most importantly, if those companies had a strategy in place to fund upcoming catalysts that may force the market to reconsider their current valuations.
 
He points out that often times the news released by a number of companies over the last few weeks was actually positive, and further derisked or advanced their projects, and yet only got a muted response with the bearish sector backdrop during the month of September and October.
This is one of the setups and sector disconnects that Erik looks forward to exploiting in his own portfolio. 
He is looking for improving value propositions in junior exploration and development stocks, that have put out compelling news in the recent past, which sets up future news releases, and thus they have key alpha growth catalysts on tap in the medium-term.
 
The topic that we focused on for the balance of the discussion was that different approaches that junior companies were taking to ensure they’d have the capital on hand to execute on the next key milestones.   These catalysts could force the hand of Mr. Market to rerate these companies as the work programs get fueled by takeovers, ongoing organic production, trial mining and bulk samples, near-term moves into commercial production, strategic partnerships, or bringing in key strategic investors.
 
The companies we discussed in this interview are: Roxmore Resources Inc. (TSX: RM) (OTCQX: GARLF), McFarlane Lake Mining Limited (CSE: MLM) (OTC: MLMLF), Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF), Amex Gold Mining Inc. (TSXV: AMX) (OTCQX: AMXEF), Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF), Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF), Excellon Resources Inc. (TSXV: EXN) (OTCQB: EXNRF), Sonoro Gold Corp. (TSXV: SGO) (OTCQB: SMOFF), Altamira Gold Corp. (TSXV: ALTA) (OTCQB: EQTRF), Mayfair Gold Corp. (TSXV: MFG) (NYSE American: MINE) , and Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF).
 
 
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 Daily Editorial, Cory and Shad welcome back Craig Hemke, Founder and Editor of TF Metals Report, for an in-depth assessment of the ongoing downtrend across the precious metals complex. Craig breaks down the technical posture of the sector, the fundamental health of mining producers, and the macro forces driving current market behavior.
Macro Trend: Secular Top or Massive Bull Flag? Craig evaluates whether current price action resembles the prolonged top from 2011 or if gold and silver are carving out an extended consolidation pattern.
Producer Margins and Cost of Production: Why current prices still support robust cash flow for miners despite rising input costs, and where true production floors lie.
Q3 Earnings and "Sell the News" Risk: Ahead of major reporting from producers like Newmont (NEM), we discuss whether strong balance sheets will spark a sustained rally or prompt investors to sell into strength.
COMEX Open Interest and Market Structure: An analysis of collapsing open interest in silver and gold, changing CME margin requirements, and how thin liquidity accelerates intraday price swings.
Technical Realities for Reversals: What the charts indicate about bottoming processes, how long recoveries take after extended declines, and why technical levels matter most right now.
 
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 Daily Editorial, Cory and Shad sit down with TG Watkins, Director of Stocks at Simpler Trading and editor of The Profit Pilot, to break down sharp shifts occurring beneath the surface of the broader market.
Navigating Market Rotation and Tech Weakness: The broader indices are masking significant underlying moves as capital rotates rapidly out of high-flying technology names and into defensive havens.
The AI Trade and Credit Jitters: Emerging balance sheet concerns, debt load pressures, and IPO hesitation are raising questions about whether tech is facing a standard pullback or a deeper valuation bubble.
Tactical Technical Setups in Tech: Momentum indicators suggest severe oversold conditions, opening the door for short-term bounce opportunities without confirming an absolute bottom.
Precious Metals Testing Key Trendlines: Gold and gold equities are contending with major technical inflection points and death-cross signals that could point to extended consolidation.
Crypto Cycle Decoupling: Divergent price action indicates digital assets may be front-running their multi-year cycle while traditional hard assets digest historic gains.
Tickers & Assets Mentioned: SPX, RSP, IWM, SMH, NVDA, CRCL, COIN, HOOD, BMNR, MSTR, GLD, GDX, TLT, AMZN, TSLA, WMT, HD, LOW, BROS, NVDA-adjacent names (NBIS, AEHR, ALAB).
 
Click here to visit TG’s site - Profit Pilot - https://www.profit-pilot.com/
 
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 welcome back Mike Burke, Director and Vice President of Corporate Development at Sitka Gold Corp. (TSX-V: SIG | OTCQB: SITKF | FSE: 1RF). Mike discusses recent high-grade drill results from the RC Gold Project in Yukon, the geological controls guiding current and future exploration, and the timeline for upcoming resource updates.
Key discussion points include:
Record-Setting Saddle Zone Drill Results: An overview of recently reported holes from the Saddle and Eiger areas, highlighted by 236 meters of 1.15 g/t gold, including 71 meters of 2.79 g/t gold, and how these intercepts represent the strongest results drilled to date in the Saddle zone.
Turning Conceptual Waste into High-Value Ounces: Why defining gold within the conceptual open-pit boundary carries significant economic weight for the overall deposit footprint.
Geological Controls of Lamprophyre Dykes: How a distinct, intrusive unit has emerged as a predictive structural guide for tracking continuous mineralization along strike and down to significant depths.
Open-Pit vs. Underground Optionality: The technical parameters, depth profiles, and cutoff grades that could shape future tradeoffs between bulk-tonnage surface extraction and high-grade underground development.
Stepping Out to the Josephine Intrusion: How insights gained across the Blackjack-Saddle-Eiger trend are elevating regional exploration targets slated for future drill testing.
Assay Newsflow and MRE Expansion: An update on the near completion of the 60,000-meter drilling campaign, the massive backlog of pending assays, and the roadmap leading toward a revised mineral resource estimate.
 
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 sit down with Ivan Bebek, Founder, Chairman, and CEO of Coppernico Metals (TSX:COPR - OTCQB:CPPMF - FSE:9I3). We focus on the flagship Sombrero copper-gold project located in the world-class Andahuaylas-Yauri belt in southern Peru. After a decade of foundational groundwork, the company is on the verge of launching a high-impact exploration campaign targeting massive Tier-1 discovery scale.
A Decade in the Making: How Coppernico secured community partnerships, navigated regulatory hurdles, and advanced Sombrero to the apex of drill readiness.
Geological Analogs: Why surface geochemistry, historical iron-ore drilling, and geophysics point to similarities with world-class deposits like nearby Las Bambas.
High-Priority Drill Targets: What makes early-stage targets like Fierraso and Nioc compelling initial priorities for continuous, multi-rig exploration.
Upcoming Catalysts: A look at the final administrative milestones for drill permits and what investors can expect as rigs mobilize to site.
 
Please email me with any follow up questions for Ivan. My email address is Fleck@kereport.com.
 
Click here to visit the Coppernico website. 
 
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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.
 

 
Between severe pullbacks in precious metals and critical minerals, and a deceptive narrowness in broader US stock indices, investors are facing a complex macro tape. In this week’s The KE Report Weekend Show, fund manager Dana Lyons breaks down key technical levels across gold, silver, copper, and energy stocks, while hosts Cory and Shad examine the recent sector-wide commodity slump, the flood of free-trading financing paper, and strategic positioning ahead of tax-loss season. 
Segment 1 & 2 - Dana Lyons, fund manager and editor of The Lyons Share Pro, kicks off the show to provide a technical outlook across multiple asset classes. He discusses why further short-term weakness in gold and silver would not derail their longer-term bull trends, while expressing optimism toward copper, energy equities, and healthcare despite broader market risks and narrowing breadth. 
Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services - https://lyonssharepro.com/
 
Segment 3 & 4 - A KER Market QuickTake, hosts Cory and Shad unpack what is driving the broad-based sell-off across precious metals, critical minerals, and uranium, while energy continues to defy gravity. From impending financing overhangs to seasonal tax-loss realities, this discussion offers a roadmap for high-grading your portfolio when market sentiment hits rock bottom. 
 
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.
 

In this Daily Editorial, hosts Shad and Cory sit down with Joel Elconin, co-host of the PreMarket Prep show and founder of the Stock Trader Network. The conversation focuses on the broad market dynamics unfolding across equity and fixed-income assets, specifically the tug-of-war between high-flying momentum tech names and safe-haven sectors:
Inflation Data and the Market Reversal: An exploration of how hotter-than-expected inflation metrics triggered an intraday turnaround, pushing major tech indices lower while volatility metrics signaled a distinct shift in sentiment.
Cracks in AI Leadership and the CoreWeave Fallout: Joel breaks down the mounting pressures facing semiconductor leaders and neocloud players, touching on the risks surrounding rising corporate bond yields and circular financing structures.
The Flight to Safety and Defensive Outperformance: A look at the aggressive rotation into consumer staples, healthcare, utilities, and dividend stalwarts as investors hedge against macro uncertainty.
Bond Market Dynamics and Election Catalysts: Why long-dated Treasury yields are behaving unexpectedly in the face of inflation, alongside the geopolitical and political crosscurrents steering sentiment ahead of upcoming elections.
Earnings Season Expectations and Tech Valuations: An analysis of post-earnings price reactions across semiconductor bellwethers and what incoming Big Tech reports must prove to restore upside momentum.
 
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, we are joined by Patrick Highsmith, Chairman and Co-Founder of Firefox Gold Corp. (TSX-V: FFOX | OTCQB: FFOXF | FSE: FIY). Patrick provides a comprehensive walkthrough of the latest follow-up drill results from the newly discovered Lammas Zone at the flagship Mustajärvi Project in Lapland, Finland, while outlining the broader district-scale exploration strategy across their property package.
Key discussion points include:
High-Grade Step-Out at Lammas: How a bold 200-meter step-out hole returned significant gold mineralization, confirming continuity and structural strength along strike.
Geological Plumbing and Structural Controls: What the team is learning from the underlying shear systems and how magnetic deflections are guiding the drill bit toward higher-grade dilation zones.
District-Scale Expansion: The broader footprint at Mustajärvi, including the status of the prospective adjacent reservations and how Lammas compares to earlier discovery zones.
Upcoming Assay Flow and Pipeline Targets: An overview of active drilling across Mustajärvi and the Sarvi project, with dozens of drill holes progressing through the laboratory pipeline.
Valuation Disconnect and Execution Focus: Management's perspective on junior mining market sentiment, cost-effective drilling in Finland, and maintaining momentum with a fully funded exploration program.
 
Any further questions for Patrick regarding Firefox, email me at Fleck@kereport.com.
 
Click here to visit the FireFox Gold website to learn more about the Company.  https://www.firefoxgold.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 Darch, Chairman and Director, and Ken MacLeod, President and CEO of Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP), both join me to review multiple milestones achieved and catalysts on tap transforming the value proposition for their flagship Cerro Caliche Gold Project, located in Sonoro State of Mexico.  
 
The company is now taking a hybrid approach, growing through exploration across their expanded project footprint, while still remaining very constructive on the future near-term development and move into production; which is set to begin upon receipt of their final MIA environmental permit in Mexico.
 
John and Ken both outline the transformation that Sonoro Gold has gone through over the last year, with the updated Mineral Resource Estimate, and Preliminary Economic Assessment (PEA), and the very large increase in their overall land package from 1,800 hectares to almost 9,000 hectares in 2 recent acquisition transactions.
 
These completed acquisitions were a strategic opportunity to potentially demonstrate these increased land concessions have built the Cerro Caliche Project into a larger-scale gold epithermal system, and a gold mining project with multiple major mineralized zones stretching from the Agnico Eagle Santa Gertrudis deposit to the north down all the way to the Highlander Silver Mercedes Mine to the southeast.
 
Historical data from multiple exploration programs conducted on and surrounding the newly acquired mineral concessions suggest geological, structural and mineralization characteristics similar to those that have been identified at Cerro Caliche.
 
Next we got an exploration update on the ongoing 50,000 meter drill program, which just got underway earlier this year, focused on growing the resources, extending the mine-life, and exploring many of the new targets in the acquired land concessions.
The Company has now completed 72 drill holes over 14,086.35 meters as part of an ongoing 50,000-meter campaign.
The first 10,000 meters were focused on infill drilling and resource expansion at the main Cerro Caliche resource.
Results released on October 1st reflect over 4,100 meters of drilling completed at the recently acquired Diana concession as well as at the newly-identified mineralized zone at La Colorada.
 
Highlights:
SCR-378
6.10m @ 2.261g/tAu, including:
3.05m @ 4.296g/tAu
SCR-386
18.29m @ 1.239g/tAu, including:
3.05m @ 5.541g/tAu
SCR-387
28.95m @ 2.598g/tAu, including:
13.72m @ 5.101g/tAu
SCR-391
32.00m @ 1.846g/tAu, including:
4.57m @ 10.430g/tAu
SCR-396
47.24m @ 1.552g/tAu, including:
6.10m @ 5.623g/tAu
 
 
If you have questions for either John or Ken regarding Sonoro Gold, then please email those to me at Shad@kereport.com.
 
Click here to follow the latest news on Sonoro Gold
 
 
 
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, I am joined by Alex Heath, Chief Executive Officer of Great Pacific Gold (TSX-V: GPAC | OTCQX: GPGCF | FSE: V3H). Great Pacific Gold is actively progressing through a 13,000-meter exploration drill campaign testing seven distinct targets across its high-grade Wild Dog property in Papua New Guinea. With two rigs currently turning, Alex provides an update on recent drilling at the Magiabi and Mengmet targets, lab turnaround expectations, and how the company is systematically working to demonstrate district-scale epithermal potential.
Exploration Progress Across 7 Priority Targets: Drilling has transitioned from Sinivit, Kavasuki, and Kasie Ridge to the core structural corridor, with active rigs now turning on key high-grade targets.
Targeting and Depth Strategy: Drill holes are planned between 150 to 200 meters to test high-priority veins based on historical data integrated with modern geophysics.
Assay Flow and Turnaround Times: Overcoming initial weather hurdles and rig setups, core is steadily moving to the assay lab with pending results expected to drive upcoming news flow.
Financial Runway: Backed by substantial institutional support and strong treasury reserves, the exploration program remains fully funded into 2027 without near-term market dependency.
Valuation Disconnect: Despite prevailing junior market sentiment, the company’s enterprise value highlights a favorable risk-reward backdrop as systematic drilling seeks to define a multi-million-ounce system.
 
If you have any follow up questions for Alex 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.