The KE Report

Questcorp Mining – Exploration Programs About To Commence At The La Union Gold Project In Mexico, And The North Island Copper Property On Vancouver Island

Saf Dhillon, President and CEO of Questcorp Mining (CSE: QQQ) (OTCBB: QQCMF) (FSE: D910), joins me for a comprehensive overview of their 2 key exploration projects, in Mexico and Vancouver Island respectively, the work program at each property for 2025, the experience of the management team, and the financial health and capital structure of the Company.
 
The flagship Project is the La Union Gold Project in Sonora, Mexico; currently under an option agreement to earn in 100% interest from Riverside Resources Inc., subject to a 2.5% NSR royalty, and by making cash payments of $100K; issuing in stages,19.9% of the issued and outstanding capital of the Company; and completing $5.5M in exploration expenditures over the next four years. Saf unpacks the terms of the news release from May 6, 2025, where the Company has issued 6,285,722 common shares in the capital of the Company, representing 9.9% of the issued and outstanding Common Shares as of May 20, 2025, to Riverside Resources Inc. and completed the first required payment of $25,000 CAD to Riverside.
 
The La Union Project is a carbonate replacement deposit (“CRD”) project, where mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content.  Historical exploration work highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model.  The plan is to spend $1Million on the exploration program for this year, starting with sampling and geophysical surveys for targeting, and then to test those targets with a drill, where Riverside Resources will be the operator.
 
Next we shifted over to the The North Island Copper Property, on Vancouver Island, British Columbia, where the Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares, and subject to a royalty obligation. Questcorp is focusing on the Marisa porphyry target in the west where a historic induced polarization (IP) survey and follow up drilling met with initial success. Two of the five holes drilled into the chargeability high intersected significant copper mineralization to depths of 80 metres.  After receiving the next set of permits in the coming month, then the summer exploration program will be announced.
 
We wrapped up with more background on the management team and board, discussed the capital recently raised to execute this year’s work programs, and broke down the capital share structure.
 
 
If you have any questions for Saf regarding Questcorp Mining, then please email me at Shad@kereport.com.
 
 
Click here to follow the latest news from Questcorp Mining

Dana Lyons - Bullish Models, Breakout Sectors, and Global Market Leadership - Including GDX and Uranium

Dana Lyons, fund manager and editor of The Lyons Share Pro, outlines why his market models remain bullish, with both U.S. and international equities flashing green signals.
In this KE Report Daily Editorial, we welcome back Dana Lyons to dive into where his internal models see opportunity right now. Despite a volatile year, Dana’s models have stayed ahead of the major swings, turning cautious before the April correction, and then flipping bullish in time for the rebound.
Key Discussion Themes:
Current Market Outlook: Dana's objective, model-driven strategy remains bullish following the April washout and rebound. He sees the potential for a continued uptrend in U.S. equities.
Sector Rotation in the U.S.: Aerospace & defense, industrials, utilities, and insurance have shown strong relative strength. Even parts of tech, like cybersecurity, are nearing new highs.
International Market Leadership: Dana highlights Europe, especially Germany, Italy, and the UK, as the top-performing region. Japan, Argentina, and Canada are also on his radar.
Precious Metals & Miners: Gold remains constructive, but Dana’s focus is on GDX, GDXJ, and SIL - miners that have consolidated and look poised for a new leg higher.
Uranium Setup: After a sharp rebound, Dana is watching URA closely for a consolidation and potential breakout above key levels, eyeing $40+ targets longer term.
💡 “We don’t need to guess the long-term trend, we just follow what’s working now,” Dana says. His models favor a diverse set of assets and sectors, creating what he calls a “more robust foundation” for any future rally.
🔗 Check out Dana’s work and current 25% discount offer at The Lyons Share Pro - https://lyonssharepro.com/

Dryden Gold – Visible Gold Seen In Drill Core From The Laurentian Mine and Intersection Targets, Hyndman Field Exploration Is Commencing

Trey Wasser, CEO and Director of Dryden Gold Corp (TSX.V: DRY) (OTCQB: DRYGF), joins me to outline more recent drill core seen carrying visible gold from the initial drilling at the historical Laurentian Mine Target and the Intersection Target on the Elora Gold System. This is part of the on-going 15,000 meter drill program underway across their Dryden Gold District land package in Northwestern Ontario.
 
Laurentian is approximately one kilometer north of the Jubilee Target where the Company recently released assay results of 301.67 g/t over 3.90 meters including 1,930 g/t over 0.60 meters in a newly discovered hanging wall structure. The VG intersected at Laurentian was on a new parallel mineralized hanging wall structure. At the new Intersection Target, 200 meters northeast of Jubilee, VG was intersected before the main target in a mineralized footwall structure. This confirms new target potential on parallel high-grade structures along a one-kilometer strike at the Elora Gold System. Both holes have been submitted to the lab and results are expected in the coming weeks.
 
In addition to all the targets along the  Elora Gold System trend, we also discuss new geological understanding of the D3 deformation fault and how this will inform coming work initiatives at the Big Master, Mud Lake, and Mosher Bay Areas of the Gold Rock Camp.
 
Wrapping up we discuss the news out to the market today where the Company has received exploration permits from the Ontario Ministry of Mines for drill testing the Hyndman property. With the arrival of the 2025 summer field season, the Company has launched its regional exploration campaign. Field crews are starting a detailed mapping and channel sampling at Hyndman to prepare for future drill testing of multiple unexplored geophysical anomalies. The geology team is also preparing for the initial drill test at a 3rd area of focus at Sherridon; where detailed mapping from 2024 has exposed multiple drill ready targets.
 
 
If you have any questions for Trey regarding Dryden Gold, then please email me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Dryden Gold at the time of this recording.
 
Click here to follow the latest news from Dryden Gold

Joel Elconin - Markets Near Highs, But Is It Time To Sell Into Strength?

Joel Elconin, co-host of the PreMarket Prep show and founder of the Stock Trader Network, joins us to break down what’s driving the current market sentiment as the S&P 500 hovers just below all-time highs.
 
In this wide-ranging conversation, Joel shares a contrarian view on the recent rally, questioning the sustainability of momentum and highlighting the growing disconnect between valuation metrics and investor behavior. From tariff confusion to the diminishing importance of economic data, Joel outlines why this market feels “overpriced” and why now may be a smart time to consider rebalancing portfolios.
 
We also dive into:
The fading impact of CPI, PPI, and Federal Reserve policy on markets
Why momentum, not fundamentals, continues to dominate
Sector rotation ideas - including a closer look at healthcare and tech
Bitcoin’s surge and the role of political sentiment in crypto markets
What Nvidia’s earnings and price action reveal about broader tech sentiment
Follow Joel and the PreMarket Prep team here:🔗 https://www.premarketprep.com/ 🔗 https://www.stocktradernetwork.com

Founders Metals - Drill Results Recap: Expanding Gold Zones and Defining New Potential at the Antino Property

We’re joined by Colin Padget, President and CEO of Founders Metals (TSX.V:FDR - OTC: FDMIF - FRA:9DL0), to discuss the latest drill results and ongoing exploration at the Antino Gold Project in Suriname. This update focuses on the Upper Antino Zone, where a step-out hole 125 meters north returned gold mineralization, and the headline result of 33 meters grading 3.5 g/t gold was located to the east of the main Froyo Zone, revealing expansion potential both along strike and to depth.
 
Key topics covered: – New drill results confirming continuity and high-grade intercepts – Potential to connect the Froyo and Donut zones across a 1km strike – Update on saprolite vs. hard rock mineralization and its impact on economics – Deeper drilling underway to test down to 500+ meters vertical depth – Regional upside with work at Lower Antino, Buese, and early-stage targets like Maria Geralda
Colin also outlines where the company is within the 60,000-meter drill program, current rig activity, and what news is expected in the coming months.
Visit https://foundersmetals.com for more company information. Have questions for Colin? Send them in, and we’ll include them in future updates. Fleck@kereport.com and Shad@kereport.com.

Guanajuato Silver – Solid Q1 2025 Financials And US$4.8M In Positive Mine Operating Income Demonstrate That The Company Is At A Strong Inflection Point

James Anderson, CEO of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF), joins me to review the solid Q1 2025 financials and operational metrics, demonstrating that the Company has reached a strong inflection point.  We also discuss the growth plans for the company through operational efficiencies at their 4 producing mines in Mexico, ongoing exploration initiatives, and the potential future development at Pinguico to augment throughput at their El Cubo mill.
 
Selected Q1 2025 Highlights:
 
Record mine operating income of $4,845,773 was up 82% over the previous quarter; the Company's mining operations have now successfully generated four consecutive quarters of positive mine operating income.
Record revenue for the quarter of $21,330,483 was up 12% over the previous quarter. Guanajuato Silver is a primary precious metals producer with over 90% of the Company's revenue derived from the production and sale of silver and gold.
Operating costs continued to improve over the quarter; cash cost of $19.19 per AgEq ounce was 3% lower than the previous quarter; All-In Sustaining Cost ("AISC")* was $23.41 per AgEq ounce - a 6% improvement over Q4, 2024.
Production for the quarter was 738,006 silver equivalent ounces ("AgEq"), which was a 1% increase over the previous quarter. Production consisted of 380,406 ounces of silver, 3,347 ounces of gold, 699,294 pounds of lead, and 909,029 pounds of zinc.
Adjusted EBITDA was up 135% over the previous quarter to $4,104,669.
 
James reviewed the out-sized leverage that Guanajuato has to the price of precious metals, and the operations returned record income and the highest quarterly revenue in the last quarter, as working efficiencies continue to show marked improvements at all four of their producing assets in Mexico.
 
 
Guanajuato Silver produces silver and gold concentrates from the El Cubo Mine Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mining centers are located within the state of Guanajuato, which has an established 480-year mining history. In addition, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. The operations team is also augmenting material at the Cata processing facility in Guanajuato with ore from both the historic Horcon Mine project, located in the state of Jalisco, and from stockpiles at the Pinguico mine.  James outlines that the company is working to get a permit to be able to extract more ore from the Pinguico underground mine, and is looking to launch a more comprehensive exploration and development work program at the Horcon Mine.
 
 
If you have any follow up questions for James on Guanajuato Silver, then please email them into me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Guanajuato Silver at the time of this recording and may choose to buy or sell shares at any time.
 
Click here to follow the latest news from Guanajuato Silver

Jordan Roy-Byrne - Gold & Silver Consolidation, Equity Strength, and Secular Bull Market Outlook

In this KE Report Daily Editorial, we’re joined by Jordan Roy-Byrne, Editor of The Daily Gold, to dive into the current technical setup for gold, silver, and the mining equities. Gold is consolidating after a sharp rally, but the real story may be in the miners.
 
Jordan outlines the bullish price action in select gold and silver stocks, despite metals pulling back. We also explore why silver’s breakout level at $35 is crucial and how the current move compares historically.
 
Interview highlights include:
Gold's technical consolidation around $3,300 and why this may still be a bullish setup despite no imminent breakout
Strength in gold equities, especially high-quality juniors, and why this divergence from gold could signal a healthy rotation
Silver’s potential breakout at $35, and the significance of a weekly close above that level
ETF flows and sentiment indicators, including the surprising outflows from gold ETFs despite ongoing strength in equities
Historical comparisons and bull market timelines, projecting this secular metals bull could run well into the 2030s
Jordan also discusses the idea of silver eventually reaching $96 in this cycle and why the best-performing silver stocks may front-run the metal itself.
 
 🔗 Visit The Daily Gold and check out Jordan’s YouTube channel for more in-depth insights

Thesis Gold - 4.7 Million Ounces Of Gold Equivalent Resources At PEA-Stage Economics In Northern British Columbia

Ewan Webster, President and CEO of Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF), joins me for a comprehensive overview of the combined Lawyers-Ranch Project, which hosts 4.7 million ounce of gold equivalent resources at the Preliminary Economic Assessment (PEA) stage of economics in the Toodoggone Mining District of British Columbia.
 
We start off discussing how this company came together, initially exploring and developing the Ranch Project, and then acquiring Benchmark Metals in 2023 to bring in the Lawyers Project.   Then in May of 2024 the combined resource estimate of the Lawyers-Ranch Project was announced with 4.0 Moz AuEq Measured & Indicated (M&I) at 1.51 g/t AuEq, and 727,000 oz AuEq Inferred at 1.82 g/t AuEq.    The deposit is primarily gold, but has a significant silver component (with 84 Moz in M+I category), as well as copper credit.
 
In September of 2024 the Company announced the Preliminary Economic Assessment, using metals price assumptions of $1930 gold and $24 silver, which projected an After-Tax NPV (5%) of $1.27Billion, and after-tax Internal Rate of Return (IRR) of 35%, and a payback period of 2 years, with All-In Sustaining Costs (AISC) of US $1,013 / Au oz (net byproduct credits) and over a 14 year life of mine.   Ewan makes the point that at current spot metals prices of gold near $3,200-$3,300 and silver at $32-$33, that the project economics are significantly expanded.   The company is doing a great deal of derisking work at present to build towards a Pre-Feasibility Study (PFS) by the 4th quarter of 2025. 
 
The company is gearing up to kick off a summer drilling program focused on making new discoveries across their district-scale land package, seeking out other areas of potential expansion of mineralization.   Additionally, more work will go into moving the permitting process along and initiating work on key permits as the year progresses. Ewan spends some time to unpack the infrastructure advantages in place with easy road access, an airstrip, and access to cheap hydro power.
 
Wrapping up we discuss some of the multiple institutions in place as shareholders along with senior gold producer Centerra Gold as a new strategic investor with a 9.9% stake, and expertise in the area. Centerra Gold owns the Gold/Copper Kemess Mine located in the Toodoggone District, ~45 km south of Lawyers-Ranch and Mt Milligan Mine ~270 km to the southeast.   The company is cashed up with CAD $35Million in the treasury and plenty of capital to carry them through the various work programs for the balance of 2025 and into 2026.
 
If you have any questions for Ewan regarding Thesis Gold, then please email them into me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Thesis Gold at the time of this recording and may choose to buy or sell shares at any time.
 
Click here to follow the latest news from Thesis Gold

Darrell Fletcher - From Tariffs to Trade Flows, What’s Driving Commodity Prices Now?

In this Daily Editorial I’m joined by Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets, to get a behind-the-scenes view of what's really happening across the commodity complex. Darrell shares key insights from the trading desk on oil, natural gas, copper, and gold - highlighting what’s changed since our last chat on April 30th.
 
Key themes covered:
Choppy, range-bound commodity trading across oil, nat gas, copper, and gold
Post-COVID repricing: Why copper, gold, and gas remain elevated while oil struggles
China’s uncertain demand and the impact of global trade tensions on CapEx
Forward curves as leading indicators: What they reveal about natural gas and crude
The long-term impact of permitting reforms and capital constraints in mining
Why gold remains a safe haven in an unstable fiscal and geopolitical environment
Darrell also offers perspective on summer trading trends, positioning shifts from COT reports, and whether oil can hold the critical $60–$65 range.
 
Click here to learn more about Bannockburn Capital Markets. 
 
🛢️ For real-time commodity quotes and more commodity-focused podcasts, visit ClearCommodity.net

Erik Wetterling - Value Proposition In Heliostar Metals, Amex Exploration, and Blackrock Silver

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to review the key investing themes and takeaways from the Atlantic One Investment Summit 2025 in Mallorca, Spain that he attended last week.
 
We highlight a few companies presenting at the conference where their value proposition caught his attention in light of their current assets and newsflow:
Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF)
Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF)
Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF).*
 
* In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
 
Click here to follow Erik's analysis over at The Hedgeless Horseman