The KE Report

Jordan Rusche, Founder of Mining Stock Monkey, joins me for an in-depth and nuanced discussion on the recent volatility in oil prices, gold and silver prices, and his approach to valuing precious metals mining stocks and royalty companies; along with which companies he is actively trading in his portfolio.
 
We start out catching up on how the war in the Middle East has spiked the oil price over the past month, allowing savvy energy companies to go out on the forward futures curve and hedge partial amounts of future production at much higher levels.
 
We revisited the value proposition synergies from ongoing business combination of Devon Energy (NYSE: DVN) and Coterra Energy (NYSE: CTRA) which announced an all-stock merger back in February. The business combination will create a leading large-cap shale operator with a high-quality diversified asset base in the Delaware Basin, Permian Basin, Marcellus Shale, and Anadarko Basin. We discussed the additional natural gas assets that will give the pro-forma company better margins, and secondary value lever beyond the rising oil prices.
 
Next we shifted over to some of the valuations in the gold stocks in light of the large corrective moves we saw across the board during the month of March.
Jordan breaks down that these big pullbacks have him looking anew at quality development companies, like Rupert Resources Ltd (TSX: RUP) (OTCQX: RUPRF) (FSE:R05), that have dropped precipitously in market cap and share price and are presenting a compelling accumulation environment.
 
He also remains animated by the continued the growth on tap for royalty and streaming companies, highlighting Royal Gold, Inc. (NASDAQ: RGLD) as undervalued on a number of fundamental metrics compared to all their larger peers.
Secondly, Jordan highlights that he is able to gain access to copper and other metals by way of investments in Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF), Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE), and Orogen Royalties (TSX.V: OGN – OTCQX: OGNNF).
 
 
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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. 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, we are joined by Joel Elconin, co-host of the Pre-Market Prep show and founder of the Stock Trader Network. Joel provides a candid assessment of the current "muddled" market environment, characterized by excessive volatility and a lack of clear direction.
The discussion dives deep into the macroeconomic headwinds currently facing investors, including the inflationary impact of rising crude prices and the potential shift in Federal Reserve policy toward rate hikes rather than cuts. Joel also explores the internal fragility of the financial system, specifically the pressures mounting in the banking sector and the burgeoning risks within private credit.
 
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/
 
Stocks Mentioned: Microsoft (MSFT), Meta (META), Amazon (AMZN), NVIDIA (NVDA), Micron (MU), Oracle (ORCL), Lennar (LEN), ConocoPhillips (COP), Nike (NKE).
 
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For more market commentary & interview summaries, subscribe to our Substacks: 
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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 chat with Tara Christie, President and CEO of Banyan Gold (TSX.V: BYN | OTCQB: BYAGF), and Patrick Langlois, the newly appointed VP of Strategy and Corporate Development. With a massive gold resource (over 7.7mil oz gold indicated + inferred) already established at the AurMac Project in the Yukon, the team discusses how recent high-grade silver results and strategic leadership are shifting the company's trajectory from exploration toward a development story.
Key Discussion Points:
High-Grade Silver Discoveries: Tara outlines the significance of the March 16th news release, which highlighted an intercept of over 3,400 g/t silver over 1.4 meters.
Strategic Leadership: Patrick Langlois shares what drew him to Banyan after his successful tenure at Probe Gold.
2026 Development Catalysts: The company is currently executing a 50,000-meter drill program with five rigs active on-site. This work is focused on converting waste to ore and refining the geological model in preparation for an updated Mineral Resource Estimate and a Preliminary Economic Assessment (PEA) due in the second half of 2026.
 
If you have any follow up questions for Tara please email me at Fleck@kereport.com. 
 
Click here to visit the Banyan Gold website - https://banyangold.com/
 
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For more market commentary & interview summaries, subscribe to our Substacks: 
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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 am joined by Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF). Mike provides more details on the updated Resource Estimate (now at 5.12mil gold oz in indicated + inferred), a new Director, a proposed spin out of assets in Nevada and Arizona, and an update on the large exploration program currently underway at the RC Gold Project in the Yukon.
Key Discussion Points:
Expanded Mineral Resource Estimate: Mike breaks down the recently filed technical report detailing the 5.2 million ounce gold resource, specifically highlighting the higher-grade near-surface material at the Blackjack and Rosgobel deposits.
Asset Spin-Out Strategy: Analysis of the plan to spin out the Nevada and Arizona assets - Alpha Gold and Burro Creek.
Strategic Board Appointments: The addition of Caroline Hendrick brings specialized expertise in securities law as the company advances the project.
The 60,000m Drill Program: An update on the multiple rig operation currently active at RC Gold, focused on expanding the resource and testing new targets.
Tungsten By-product Potential: Initial insights into the re-assaying of 34 drill holes to quantify significant tungsten concentrations discovered alongside the gold mineralization.
 
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/
 
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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 am joined by Eric Roth, President and CEO of Capella Minerals (TSXV: CMIL | OTCQB: CMILF), for a comprehensive exploration update on the company’s projects in Finland and Spain. Backed by the funding and earn-in partnership with Tumad, the company is testing high-grade gold and copper targets across a portfolio of projects in Finland and Norway.
Key Discussion Points:
Killero East Drill Program Completion: Eric provides details on the recently completed almost 2,000-meter diamond drilling program at the Killero East gold-copper project, discussing the timeline for upcoming assay results.
New Gold Targets in Finland: An overview of the base-of-till (BOT) sampling currently underway at the Seisunselka and Jolhikko targets, located about 10km west of Killero East in the Central Lapland Greenstone Belt.
Finnish Portfolio Pipeline: A look ahead at the drill-ready targets at Killero West which id slated for follow-up work during the summer 2026 campaign.
Spanish Copper-Gold Expansion: Updates on the new portfolio in Southern Spain, where geophysical surveys are targeting high-grade iron oxide-copper-gold (IOCG) systems similar to those found in world-class districts in Brazil and Australia.
Tumad Earn-In Agreement: A breakdown of the 2026 work commitments, including the 12,000-meter total drill commitment across Finland and Norway.
 
If you have any follow up questions for Eric please email me at Fleck@kereport.com. 
 
Click here to visit the Capella Minerals website to learn more about the Company. 
 
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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.

[Recorded March 31st, 2026] Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to review how he is trading these volatile markets on the back of Middle East geopolitics, and a positive upswing in many sectors, including the precious metals and critical minerals stocks on the last day of March. We look ahead to April, and the trends he’ll be watching most closely.
 
We discuss the ever-shifting narratives on the Middle East war, and the longer-term implications for oil prices, which he believes will remain more elevated than prior to this conflict, and won’t be going back down to where they were previous to this month.  He is holding onto many of the oil and gas names in his portfolio, but understands why some investors may want to pull some profits after very nice moves higher.
 
With regards to the precious metals, Sean remains bullish for gold and silver for the medium-term to longer, because all the broader fundamental macroeconomic and geopolitical factors are still in place and haven’t changed.
While the central bank of Turkey has been selling gold to support their currency, and some countries in the Middle East have been rumored to be selling gold to counter losses in energy revenues, he believes that selling pressure will subside if a resolution is reached with regards to the Strait of Hormuz.
He doesn’t feel the bull market in precious metals has been negated, despite all the downside price action since the January peak, as long as gold holds above $4,100.
 
Sean and his subscriber still have good exposure to gold and silver stocks, but are now considering buying back or adding to positions that they had trimmed back in January after the big sector correction during the month of March, but constructive recent bounce.
He highlighted Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) as stock that sold off hard after their recent earnings, due to higher costs from more capital spending that investors were expecting, but it also reversed back up strong to close up the month along with the sector.
He sees moments like this as examples of where investors that missed a stock on the way up the first time, get another opportunity to accumulate into pullbacks.
 
 
With regards to the critical minerals stocks; a wide range of the antimony, tungsten, and rare earth stocks had a big surge on the last day of March, along with the rest of the metals complex, and he noted that many will still benefit from future government funds and policy initiatives to support these important inputs into infrastructure and defense.
He highlighted that he and his subscribers had done well in United States Antimony (NYSE American: UAMY)and continue to look for opportune times to add into weakness, since the US government has a been a customer and strategic partner.  They are also partnered with Americas Gold and Silver in a JV to build an antimony processing plant in Idaho, to keep their production and processing domestic.
Sean also highlights the positive news from Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) on March 31st, where the Board of the Export-Import Bank of the United States ("U.S. EXIM") unanimously agreed to notify Congress of a proposed $2.7 billion senior secured long-term loan for development of Perpetua's Stibnite Gold Project.
With regards to a rare earth stock bouncing at month end, that may be offering a compelling entry point after a larger correction, he flagged Critical Metals Corp. (Nasdaq: CRML) as a stock he is watching more closely.
 
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 Substacks:
 
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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. 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.
 

John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins us to review the news out March 30th, reporting on the initial drill results from its ongoing Phase VI exploration program, including results from Condoryacu and Oculto East. We also discussed the upcoming catalysts of the updated Mineral Resource estimate (“MRE”), Definitive Feasibility Study (“DFS”), Environmental Impact Assessment (EIA) permit, and ongoing Phase 6 Exploration Program for the balance of 2026.
 
The Company announced that it has completed the acquisition of the Condoryacu and Maria Amalia properties, located immediately adjacent to its flagship Diablillos project in Argentina. The acquisitions were completed following final payments of US$2.5 million for the Condoryacu property and US$250,000 for the María Amalia concession, as previously announced on February 17, 2026.
 
At Condoryacu, initial confirmatory drilling has returned very strong results, including a broad, high-grade intercept of 72 metres grading 18.7 g/t gold, 117 g/t silver and 2.06% copper beginning at surface. These results confirm the presence of a high-grade precious and base metal mineralized system that appears to be related to the broader Oculto-JAC hydrothermal system at Diablillos. The 72-metre intercept grading 18.7 g/t gold represents the strongest gold grade-thickness intersection ever reported within the broader Diablillos district.
 
At Oculto East, the first drill hole of the Phase VI campaign (DDH 26-001) intersected a broad, continuous zone of oxide gold and silver mineralization extending beyond the limits of the current conceptual open pit, further demonstrating the scale and continuity of the overall mineralized system. Follow-up drilling is underway as part of an extensive program to expand and define gold-silver mineralization several hundred metres east of the open pit margin. 
John takes us through the busy year of catalysts the company has on tap, starting with all the drilling data from Phase V being compiled into an updated Resource Estimate that will come out in parallel with their Definitive Feasibility Study, which is due out in the 2nd quarter of 2026.  Additionally, the Company is awaiting their EIA permit, which will be the trigger for a construction decision later in the year. There will also be the ongoing Phase 6 exploration program expanding the deposit size and resources for the balance of the year, mostly at Oculto East and Oculto NorthEast, but with some holes at JAC, Cerro Viejo, and now other follow-up targets at Condoryacu.
 
 
If you have any follow up questions for John regarding at AbraSilver, then please email them into us at Fleck@kereport.com or Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more shares at any time.
 
Click here to visit the AbraSilver website and read over the most recent news releases.
 
For more market commentary & interview summaries, subscribe to our Substacks:
 
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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. 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 update from Red Canyon Resources (CSE: REDC - OTCQB: REDRF), Chairman and CEO Wendell Zerb discusses the company’s recent financing and the upcoming drill programs across their copper-focused portfolio. 
Key Discussion Points:
Recent $2.5 Million Financing: Wendell details the strategic participation of institutional investors and high-net-worth individuals, specifically highlighting Tech Resources topping up to maintain their 9.9% stake in the company.
The Inzana Project Drill Plan: Insights into the upcoming May drill program at the Inzana Project in Central BC, focusing on the high-priority Camp Target where previous shallow drilling identified significant copper-gold mineralization.
Kendall Project Advancements: A review of the Kendall Project, the company’s most advanced asset, which has shown continuous mineralization across ten drill holes spanning a 1.5km by 500m area.
Scraper Springs Potential: An overview of the 2026 plans for this Northern Nevada project, including a final ZTEM geophysical survey to define deep-seated porphyry targets before drill testing.
 
If you have any follow up questions for Wendell please me at Fleck@kereport.com. 
Click here to visit the Red Canyon website - https://www.redcanyonresources.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.
 

Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins me to discuss the results of the updated Preliminary Economic Assessment ("PEA") for its 100%-owned Tonopah West Project, located in West-Central Nevada, United States.  We also delve into the updated Mineral Resource Estimate (“MRE”) that was prepared by RESPEC in accordance with the CIM Definition Standards and NI 43-101, with an effective date of January 4, 2026.  The Tonopah West Project is located in one of the largest historic silver districts in North America, located on private land in Nye and Esmeralda counties, Nevada, United States.
 
Highlights of the Tonopah West PE  (Ounces are troy; all tonnes metric)
 
Disciplined Base Case Economics: Secured with a conservative long-term silver ("Ag") price of US$31 per ounce and a gold ("Au") price of US$2,700 per ounce, the Project shows robust, after-tax net present value, discounted at 5% ("NPV5%"), of $437-million, and an after-tax internal rate of return ("IRR") of 28% over an 11.2-year life of mine ("LOM") -- ensuring operational resilience through a wide range of metal price cycles;
Exceptional Leverage to upside metal prices: Assessed at the 1-year analyst consensus forecast for gold and silver prices (US$66.90/oz Ag and US$4,554/oz Au), the Project delivers US$1.55B after-tax NPV5%, a 79% IRR, and a 1.4-year payback;
Low Initial Capital: Calculated initial capital cost of US$190-million (including US$25-million contingency) with a base case payback period of 3.5 years;
Increased Payable Metal: Enhanced mine plan delivers 89.6 million silver equivalent ("AgEq") ounces, which equates to 79.6 million payable AgEq ounces -- a 14% increase in payable silver and 17% increase in payable gold as compared to the previous preliminary economic assessment on Tonopah West,dated effective September 4, 2024 with a US$778-million after-tax LOM cash flow.
Excellent Metallurgical Recoveries: Realized average recoveries of 91.6% for silver and 96.3% for gold from a 3-stage crushing circuit and processing plant;
Unique location and infrastructure: Located on patented mineral claims (private land) adjacent to the town of Tonopah, Nevada, the Project benefits from its location, unprecedented infrastructure and profits from a stream-lined permitting process with only State and County agencies as stakeholders.
 
The MRE encompasses the spatial areas known as Victor, DPB North, DPB South, Northwest Step Out, and the East Extension areas. The Victor area is approximately 700-metres by 350-metres while the DPB area is 700-metres by 1,100-metres. NW Step Out represents a new extension of the vein zones to west-northwest. The East Extension is an area between the DPB South area and the eastern edge of the property. The spatial areas are not considered to be significantly different geologically but have been separated for logistical purposes in future mining scenarios.
 
Increased Indicated AgEq Ounces: Improved indicated category mineral resource estimate comprising 2.75 million tonnes grading 454 grams per tonne ("g/t") AgEq totaling 40.2 million ounces of AgEq (216.8 g/t Ag and 2.25 g/t Au for 19.2 million ounces of silver and 199,000 ounces of gold respectively) - a 90% increase over the previous mineral resource estimate on Tonopah West dated effective August 25, 2025;
Large Resource with Upside Potential: Increased inferred mineral resource with 5.54 million tonnes grading 466 g/t AgEq for 83 million ounces of silver equivalent (188.5 g/t Ag and 2.62 g/t Au totaling 33.6 million ounces of silver and 467,000 ounces of gold) in an inferred mineral resource category. The vein system is open to the east, northwest and at depth;
Low-cost Geometry: Used a minimum mining width of three metres (3m), and Long Hole Stoping (cheaper costs) accounts for 88% of the tonnes mined while Cut and Fill mining accounts for 12% of the tonnes;
Fully-financed 17,000 metre two-phased expansion drill program commenced in February with up to 800 metre step-outs along strike
NW Expansion (10 drillholes): Targeting expansion opportunities along strike of the DPBS North zone to the east and northwest with step-out holes up to 800m along strike planned
Eastern Expansion (20 drillholes): The Eastern Expansion Program will follow up on the shallow, high-grade, and thick zones of silver and gold in each of the recognized structures identified in 2025.
 
Click here to follow the latest news from  Blackrock Silver 
 
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. 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, we chat with Dave Erfle, Founder and Editor of Junior Miner Junky, to break down a historic month of volatility in the precious metals sector. As March 2026 comes to a close, the markets are witnessing a significant rebound following a "nasty" monthly candle that saw major pullbacks across the board.
Key Discussion Points:
Analyzing the March Correction: A look at the significant monthly drops in GDX and GDXJ, contrasted against gold's impressive all-time high quarterly close.
Geopolitical Catalysts: How shifting rhetoric regarding the conflict in Iran and potential threats to infrastructure are tossing the gold price between positive and negative extremes.
Macroeconomic Pressures: Insight into Jerome Powell’s Harvard speech addressing the "unsustainable" path of U.S. debt and its long-term implications for hard assets.
Technical Benchmarks for Recovery: The specific price targets Dave is watching for GDX and GDXJ to confirm the deleveraging phase is over.
Selective Investing in Juniors: Why Dave is prioritizing cash-rich developers with strategic partners over high-retail-float explorers in the current environment.
The Importance of Strategic Partnerships: A discussion on why a "de-risked" project - one with a feasibility study and a major partner - is a "big green flag" for investors.
 
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.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.