The KE Report

Weekend Show - Brian Leni & Dana Lyons - Key Stock News & Investment Strategies For Active Traders

Welcome to The KE Report Weekend Show! On this Weekend Show we mix it up bey discussing a couple important company developments in precious metals stocks and for the active traders, a number of ways to trade the recent pullback in the markets.
 
Segment 1 and 2 - Brian Leni, Founder of the Junior Stock Review kicks off the show discussing the G Mining and Reunion Gold merger as well as AbraSilver Resource financing with Barrick Gold. We also chat about portfolio management focused on resource stocks and diversification.
Click here to visit Brian's site - Junior Stock Review.
 
Segment 3 and 4 - Dana Lyons, Fund Manager and Editor of the Lyons Share Pro wraps up the show sharing his trading strategies for a wide range of sectors. We talk hedging strategies, market leadership, international markets, commodities, gold and copper miners, oil equities, uranium and Bitcoin.
Click here to visit The Lyons Share Pro website to follow along with Dana.
 
 

Mako Mining – Review Of Q1 Operations, The Ongoing Acquisition Of Goldsource Mines, And An Exploration Update

Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins me to review the key takeaways from the Q1 2024 production and operations report, the key synergies with the ongoing acquisition of Goldsource Mines (TSXV:GXS)(OTCQX:GXSFF), and a review of the exploration strategy this year in Nicaragua.
 
We started off recapping how the results have been steadily ramping up and improving ever since the Company received the permit to begin extracting ore from Las Conchitas the middle of last year, and that, like Q4 of 2023, Q1 of 2024 demonstrated the solid operational performance and execution at the San Albino Mine.
 
Q1 2024 Production and Financial Highlights
 
Record 67,961 tonnes mined containing 13,965 ounces of gold ("oz Au") at a blended grade of 6.39 grams per tonne gold ("g/t Au") and 15,718 ounces of silver ("oz Ag") at a grade of 7.19 grams per tonne silver ("g/t Ag")
25,374 tonnes mined containing 9,664 oz Au at 11.85 g/t Au and 9,919 oz Ag at 12.16 g/t Ag from diluted vein material
42,587 tonnes mined containing 4,301 oz Au at 3.14 g/t Au and 5,799 oz Ag at 4.24 g/t Ag from historical dump and other mineralized material above cutoff grade ("historical dump + other")
22.7:1 strip ratio
52,478 tonnes milled containing 12,266 oz Au at a blended grade of 7.27 g/t Au and 14,071 oz Ag at 8.34 g/t Ag
36% and 64% from diluted vein and historical dump and other, respectively
606 tonnes per day ("tpd") milled at 96% availability
Recoveries of 80.6% for gold in Q1 2024
150,744 tonnes in stockpile containing 12,465 oz Au at a blended grade of 2.57 g/t Au
10,070 oz Au Equiv. recovered and 9,332 oz Au. Equiv. sold during the quarter
Delivered 40,500 oz of silver on the Sailfish Silver Loan for a total of US$ 0.9 million during Q1 2024
Entered into an environmental settlement and release agreement with GR Silver comprising US$0.5 million and the issuance of 296,710 common shares of Mako
C$ 2.8 million in share repurchases equating to 1 million shares at an average price of C$ 2.80 so far in 2024
Aprox. US$ 3.0 million increase in cash balance in Q1 2024 vs. Q4 2023
 
Next the discussion transitioned into the synergies for scalable growth with the acquisition of Goldsource Mines, and their 100% owned Eagle Mountain Gold Project in Guyana, South America. Akiba outlines how the combined company will bring together two experienced management teams, that have worked together as colleagues going back nearly two decades, the optional savvy of the team that COO, Jesse Muñoz has assembled, and the geographical and asset diversification.  We also review the district-scale exploration potential in Guyana, the recent acquisition of Reunion Gold in country by G Mining Ventures, and Guyana as an emerging mineral extraction jurisdiction.
 
We wrap up with Akiba providing a big picture overview of the exploration initiatives for 2024 in Nicaragua, with 4 RC drill rigs turning at present, and 1 diamond core rig, with plans to add 2 more core rigs as the year progresses, providing a great deal of data with more efficiency to keep expanding resources around San Albino, Las Conchitas, and regionally.
 
If you have any further questions for Akiba regarding Mako Mining, then please email me at  Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Mako Mining at the time of this recording.
 
Click here for a summary of the recent news out of Mako Mining.

Marc Chandler – A Focus On Currencies, GDP, Inflation, Commodities, Wage Growth, And Fed Policy

Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market blog, joins us to discuss some of the moves in global currencies, recent US economic data for GDP growth and the PCE inflation deflator metrics, commodities inflows, wage growth, corporate profits, and how this all ties into central bank policies.  We note the continued strength in the US dollar, and the major weakness in the Japanese Yen, and what implications those may have on the global economy, and interest rates in the respective countries.
 
With corporate profits remaining very high, and the general US equities holding up near all-time highs, and dips continuing to be bought, we probe whether there is anything that may change the tone of the markets or the central bank outlook.  Marc outlines that with the weaker than expected GDP growth, and weakness in service PMI jobs, that if we also see a weaker than expected jobs report next week, that it could moderate the Fed’s confidence, and possibly accelerate the plans to start cutting rates later in the year.
 
Click here to visit Marc’s website – Marc to Market.

Joel Elconin - US Economic Data, Tech Earnings Crush It; Where Do Markets Go From Here?

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap this week's US economic data and key tech earnings.
 
The market did not like the slower GDP growth, reported on Thursday, but Friday was a different story after some major tech earnings. The market was due for a correction, which started this month, but is already being bought back. We ask Joel to make sense of this month's moves, being either bearish or bullish.
 
We also ask about commodities, financials and what to look for next week with the Fed.
 
Click here to visit the PreMarket Prep website to follow along with Joel.

Aztec Minerals - More Information On The New Gold-Silver Target At The Tombstone Project

The Westside Target, on the Tombstone Project in Arizona, is a new gold-silver exploration target announced on April 22nd by Aztec Minerals ("Aztec" or the "Company") (TSX.V:AZT & OTCQB:AZZTF).
 
Simon Dyakowski, President and CEO of Aztec joins me to discuss this new target and the start of the 2024 exploration program on the Tombstone Project. Refer to Figure 1 from the news release posted below to see the location of the target on the project. I ask Simon about follow up work on when the target will be drilled. This ties into the start of the 2024 exploration program at Tombstone.
 
If you have any follow up questions for Simon please email me at Fleck@kereport.com.
 
Click here to visit the Aztec Minerals website.
 
 
Figure 1- Tombstone Property – Westside Area and 1982 Planned Pit Expansion for Gold-Silver Oxide Shallow Mineralization
 

Doc Jones – The Value Proposition He Sees in Omai Gold Mines, Magna Mining, And Emerita Resources

Doc Jones, private activist resource investor and influencer on Ceo.ca and X/Twitter, joins me to discuss some of the opportunities he is seeing in the gold, nickel, copper, and zinc resources stocks.  He highlights the value proposition he is attracted to in the specific companies:  Omai Gold Mines (TSX.V: OMG) (OTCQB: OMGGF), Magna Mining (TSX.V: NICU) (OTCQB: MGMNF), and Emerita Resources (TSX.V: EMO) (OTCQB: EMOTF).*
 
*In full disclosure, Doc Jones holds a position in these companies discussed at the time of this recording, but is not compensated by any company to market them.  These are simply his views and opinions as to why he likes investing in them, but this is not investment advice.
 
Click here to follow Doc Jones on Ceo.ca
 
Click here to follow Doc Jones on X/Twitter

West Red Lake Gold – More High-Grade Drill Results From The South Austin Zone – Many Exploration Targets On Tap At The Madsen Gold And Rowan Projects For This Year

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 South Austin Zone at the Madsen Gold Project, and to map out the many other exploration targets on tap for drilling in 2024 at Madsen and at the Rowan Project, in the Red Lake district of Ontario, Canada. 
 
We started off having Will share the main takeaways from the news release April 18th,  where definition drilling was focused on the high-grade South Austin Zone.  Drill Hole # MM24D-07-4198-001 intersected 1.1 m @ 68.36 g/t Au, from 74.25m to 75.35m, Including 0.5 m @ 145.44 g/t Au, from 74.85m to 75.35m. Then Drill Hole # MM24D-07-4198-002 Intersected 3.95m @ 13.83 g/t Au, from 7.55m to 11.5m, Including 0.5m @ 105.72 g/t Au, from 7.55m to 8.05m.  Just this South Austin Zone alone currently contains an indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au. The purpose of this drilling was definition within South Austin to continue building an inventory of high-confidence ounces for eventual restart of the Madsen Mine.
 
Next we discussed how the exploration strategy at Madsen has been focused at the North Austin Zone, the Main Austin Zone, and the South Austin Zone because it is the ideal mineralized area to exploit in a mining restart scenario in the second half of 2025.   We also review the potential at depth at Madsen with both the South Austin Zone still open, and then some underground drilling work planned for this summer at the 8-Zone, underneath the McVeigh Zone.  Underground drilling of these targets will allow the exploration team to follow up on these areas with more accuracy, and much more efficient holes, than trying to drill from surface as prior operators had done.  There will be a lot of exploration work and metallurgical testing completed at the Madsen Gold Project this year, further derisking and delineating the project, to optimize a potential mine restart next year.
 
Lastly, Will mentions that the next phase of drilling will be commencing at the Rowan Property in a couple months, following up on last year’s drilling, and  testing a number of new targets at this growing resource area; that will augment the larger Madsen Mine restart plan.
 
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.
 
In full disclosure, Shad is a shareholder of West Red Lake Gold Mines at the time of this recording.
 
Click here to visit the West Red Lake Gold website and read over the recent news we discussed.

Jordan Roy-Byrne – Gold and Silver Technicals, Changing Investor Psychology In Gold Stocks, And Silver Stock Optionality

Jordan Roy-Byrne, Founder of The Daily Gold, joins us to review both his near-term and medium-term technical outlook for gold and silver, the changing investor psychology around gold mining stocks, and how he looks at optionality in the silver stocks. We start off noting the recent weakness to kick off this week on the precious metals charts; which was to be expected after such a big move the last few months to overbought levels. In the medium to longer-term Jordan is not concerned by the consolidation and still sees measured moves up to $3,000-$4,000 in gold depending on how one extrapolates out the large 13 year cup and handle pattern.
 
We then shift over to discussing the mining stocks where Jordan advises not chasing the “rhino-horn” charts with steep vertical moves, as they usually represent short-term termination events, before correcting, basing, and building the next leg higher.  He goes on to make the case that investor psychology around gold stocks is gradually changing, as people come around to the fact that gold prices are remaining higher, and so pullbacks will be bought and less severe than we’ve seen the last few years.  While Jordan is still most animated by the quality growth-oriented gold producers, and quality gold developers of size, that are within 1-2 years of getting their mine built and into production; he also likes the silver optionality plays with quality ounces in the ground that could have more torque to get rerated higher on rising metals prices. 
 
Click here to visit Jordan’s site – The Daily Gold.
 

Jesse Felder - Investors Shifting To Hard Assets Over Financial Assets

Jesse Felder, Founder or The Felder Report joins us to explain why he thinks markets are in for a much larger correction and the economy is not as strong as the reports. Looking at some of the underlying data like high insider selling, weak breadth, inflation remaining high and a number of other factors that are telling him markets could be weak for quite a while.
 
The overall theme Jesse is looking for in the market is the continued shift toward hard assets and away from financial assets.
 
Click here to visit The Felder Report website to follow along with his economic and market commentary.

Vizsla Silver - Another Large Land Package Acquired, The Balance Of Continued Exploration and Move Toward Production

On April 16th, Vizsla Silver ("Vizsla" or the "Company") (TSX.V:VZLA & NYSE:VZLA) announced the acquisition of a large claims package to the south of the Panuco Project. These claims are known as the “El Richard – San Enrique claims”. This news comes on the back of the March 28th news release where the Company acquired a new silver district to between Panuco and the San Dimas Mine. See Figure 1 from the April 16th news release, posted below, to see the location of both the acquired land packages.
 
Mike Konnert, President and CEO of Vizsla joins me to provide an overview of the newly acquired El Richard - San Enrique claims and outline the Company's strategy moving forward balancing out continued exploration vs a move toward production. This is key to understand as the Company is growing up, past being simply an explorer with a PEA coming in the near term.
 
Please email me with any follow up questions you have for Mike. My email address is Fleck@kereport.com.
 
 
Click here to visit the Vizsla Silver website and read up on all the recent news.
 
Figure 1: Location map of the San Enrique Prospect, Panuco Project and La Garra.