The KE Report

Founders Metals - Video Update - Building a District-Scale Gold Story at Antino

In this KE Report company update, we’re joined by Colin Padget, President & CEO of Founders Metals, for a concise, big-picture look at the rapidly expanding Antino Gold Project in Suriname. With the land package nearly tripled and multiple drill-ready targets, the focus is on how the company is prioritizing growth heading into 2026.
Key discussion points:
District-Scale Expansion - Founders has expanded Antino from ~20,000 to ~56,000 hectares, unlocking new high-priority targets adjacent to known mineralization.
Upper Antino - High-Grade Core - ~75,000 meters drilled to date, with continued strike and depth expansion supporting a multi-million-ounce potential.
Lower Antino & Buese - Scale and Optionality - Broad, consistent mineralization from surface at Lower Antino and a mix of bulk-tonnage and higher-grade zones at Buese add meaningful upside.
2026 Exploration Strategy - Systematic drilling, geophysics, and auger sampling across the expanded land package, including first-pass drilling on large, previously untested anomalies.
If you have any follow up questions or topic you would like Colin to address please email me at Fleck@kereport.com. 
 
Click here to visit the Founders Metals website - https://www.fdrmetals.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.

Rio2 - Transitioning to a Multi-Asset Gold & Copper Producer

In this company introduction, Alex Black, Executive Chairman of Rio2 (TSX:RIO | OTCQX:RIOFF), discusses the company’s transition from developer to producer.
Rio2 is nearing first gold production at its Fenix Gold Project in Chile, while simultaneously acquiring the Condestable Copper Mine in Peru to provide immediate cash flow.
Project Highlights
Fenix Gold Project (Chile):
First Production: Construction is nearly complete; first gold pour is scheduled for January 2026.
Initial Scale: Phase 1 targets 100,000 oz/year via run-of-mine heap leaching.
Growth: A massive 5-million-ounce resource supports expansion to 300,000 oz/year by 2030.
Condestable Copper Mine (Peru):
Strategic Acquisition: Rio2 is acquiring this producing mine for $241M USD, returning to the jurisdiction where the team previously built and sold Rio Alto Mining for $1.2B.
Financial Strength: Projected to generate $145M USD annual EBITDA at spot prices, funding gold expansions with minimal dilution.
Stability: Features over 10 years of reserves and a 45,000-hectare underexplored land package.
Key Financials & Team
Fully Funded: Closed an upsized C$191 million bought deal in December 2025 to fund the copper acquisition and general growth.
Proven Team: Led by Alex Black and President and CEO Andrew Cox, a management group with a history of successful multi-billion dollar exits in Latin America.
 
If you have any follow up questions for Ian or want more information on any of the projects please email me at Fleck@kereport.com.
 
Click here to visit the Rio2 website - https://www.rio2.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.

Kenorland Minerals - 2.55 Moz High-Grade Gold Maiden Resource & The 4% Frotet Royalty

In this company update, Zach Flood, President and CEO of Kenorland Minerals (TSX-V:KLD | OTCQX:KLDCF), discusses the maiden resource at the Regnault gold deposit within the Frotet Project, Quebec.
 
Zach recaps the path from a 2020 grassroots discovery to a 2.55 million ounce Inferred resource at 5.47 g/t gold. We dive into the valuation of Kenorland’s unique 4% NSR royalty on the project, now 100% owned and operated by Sumitomo Metal Mining. Zach also outlines the expansion potential remaining at Regnault and provides an outlook for Kenorland’s extensive 2026 exploration pipeline.
Key Highlights: Regnault & Beyond
Maiden Resource Milestone: The inaugural estimate outlines 14.5 million tonnes at 5.47 g/t Au for 2.55 Moz of gold. This was achieved in under five years with a discovery cost of roughly $20 per ounce.
High-Value Royalty: Kenorland holds a 4% NSR royalty (with a 3.25% uncapped floor if buy-downs are exercised), considering the company’s sub-$200M CAD market cap.
Exploration Blue Sky: The system remains open in multiple directions, with 19 high-grade vein models currently excluded from the resource due to drill spacing.
Sumitomo Operatorship: With Sumitomo now at the helm, baseline engineering is underway for a potential underground exploration decline to facilitate future bulk sampling.
Aggressive 2026 Pipeline: Beyond Frotet, Kenorland is preparing for major partner-funded programs at South Uchi (with Auranova) and the Western Wabigoon and Flora projects (with Centerra Gold).
 
If you have any follow up questions for Zach or want more information on any project or partnership that Company has with majors please email me at Fleck@kereport.com.
 
Click here to visit the Kenorland website - https://www.kenorlandminerals.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. 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.

Jim Tassoni - Momentum Check: Small Caps, Silver, US Dollar, Bitcoin Volatility

In this KE Report Daily Editorial, we’re joined by Jim Tassoni, CEO of Armor Wealth Strategies, for a momentum-focused look at equities, metals, energy, and cryptocurrencies. Jim outlines where trends are strengthening, where momentum is fading, and the key technical levels guiding his trades as markets head into year-end.
Key discussion points include:
Equity Index Momentum & Year-End Positioning - Small caps continue to lead while the S&P 500 and NASDAQ struggle to regain upside momentum. Jim explains how year-end hedging and profit protection may be driving choppy price action and why January could be decisive.
Silver’s Breakout & Gold’s Steady Trend - Silver’s explosive move into the $60+ range remains a strong momentum trade, though short-term exhaustion is showing. Gold continues to grind higher with longer-term momentum intact.
Dollar, Bonds, Oil, and Bitcoin Trends - The U.S. dollar has turned lower, bonds suggest a potential yield-curve steepening, oil remains under pressure, and Bitcoin continues to trade with bearish momentum after a sharp pullback.
Click here to visit the Armor Wealth Strategies website to keep up to date with Jim and what he’s trading - https://armorwealthstrategies.com/
 
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For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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.

Great Pacific Gold - High-Grade Results Extend at Wild Dog’s Sinivit Target

In this KE Report company update, we’re joined by Greg McCunn, President & CEO of Great Pacific Gold (TSX.V:GPAC - OTCQX:GPGCF - FRA:V3H), to review new drill results from the Wild Dog Project in Papua New Guinea. The focus remains on the Sinivit target, where ongoing drilling continues to deliver consistent high-grade gold-equivalent intercepts.
Key discussion points include:
High-Grade Drill Results - Hole 14 returned 9.5 meters at 13.8 g/t gold equivalent, adding to a growing list of strong intercepts from the Northern Sulfide Zone.
Focus on Depth Potential - Drilling is now testing below 200 meters, targeting extensions of mineralization that management believes could host the most significant ounces.
Refined Geological Model - Results support a model of high-grade pods within a larger epithermal system rather than continuous grades along strike.
Strong Cash Position & Next Steps - With ~C$13 million in cash, the company plans to add a second drill rig in early 2026 and continue aggressive exploration.
If you have any follow up questions for Greg please me at Fleck@kereport.com. 
 
Click here to visit the Great Pacific Gold website.
 
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For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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.

Craig Hemke - Cutting Through the Silver Market Misinformation

In this KE Report Daily Editorial, I’m joined by Craig Hemke, founder and editor of TF Metals Report, to break down silver’s explosive move above $60, gold’s ongoing bull market, and the growing wave of misinformation surrounding precious metals. Craig explains what’s really driving prices higher, and why investors should stay focused on real data, not viral headlines.
Key discussion points include:
Silver’s Volatility Above $60 - Strong fundamentals driving big daily swings, not market breakdowns.
Gold’s Ongoing Bull Market - Why consolidation is healthy and new highs remain likely.
Debunking Silver Market Myths - Clearing up false narratives around COMEX deliveries and JPMorgan positioning.
What Actually Matters - Fed liquidity, dollar trends, positioning, and seasonality over click-driven hype.
Click here to visit Craig’s website - TF Metals Report.
 
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For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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.

Capella Minerals - Maiden Drilling at the Killerö Project, Finland

In this KE Report company update, Eric Roth, President & CEO of Capella Minerals (TSX-V: CMIL - OTCQB: CMILF), joins me to discuss the start of a maiden drill program at the Killerö Project in northern Finland’s highly prospective Lapland Greenstone Belt. The conversation also touches on Capella’s broader Scandinavian strategy across Finland and Norway.
Key discussion points include:
Maiden Drill Program at Killerö - 11-hole, 2,200-meter first-ever drill test of a former Anglo American gold-copper target.
Target Quality & Geological Upside - Strong historic base-of-till copper and gold anomalies supported by modern geophysics.
Strategic Joint Venture & Pipeline - Drilling funded through Capella’s earn-in partnership with Tümad, with additional work planned in 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: https://kereport.substack.com/ 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.

TG Watkins - Small Caps Outperform, AI Risk & Silver’s Vertical Move

In this KE Report daily editorial (Monday, December 15), TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot, returns with a trader-focused look at shifting market leadership and rising risk as we head toward year-end.
Key discussion points:
Small Caps Leading, Mega Caps Lagging - Why strength in IWM and equal-weight indices may be masking weakness in mega-cap tech.
AI Trade Losing Momentum - Signs of fatigue across AI, data centers, and related growth stocks after outsized runs.
Tesla & Space Speculation - Tesla’s rebound, SpaceX IPO chatter, and why TSLA acts as a proxy for the “Elon trade.”
Silver’s Sharp Breakout - Technical perspective on silver’s surge and why chasing extended moves carries risk.
Click here to visit TG’s site - Profit Pilot
Click here to visit TG’s YouTube page. 
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For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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.

Labrador Gold - Shift To A Hybrid Mining/Investment Issuer & First Strategic Investment

In this KE Report update, we speak with Roger Moss, President & CEO of Labrador Gold (TSX.V:LAB - OTCQX:NKOSF - FSE:2N6) , and Ian Bliss, President & CEO of Northern Shield Resources (TSX.V:NRN), to discuss Labrador Gold’s strategic shift toward a hybrid mining and investment issuer and its first investment under this model.
Labrador Gold has deployed $1 million into Northern Shield Resources, gaining exposure to an early-stage but highly prospective gold–silver–copper–tellurium project in Newfoundland, while continuing to advance its own exploration assets.
Key discussion points:
Hybrid mining–investment model - Labrador Gold outlines how it plans to balance direct exploration with strategic equity investments.
Capital position & investment focus - With ~$16M in cash, the company targets high-quality projects in strong jurisdictions, with emphasis on gold, copper, and critical metals.
Why Northern Shield - A science-driven exploration approach and an underexplored Newfoundland project hosting gold, silver, copper, and tellurium.
Near-term work & drilling plans - Northern Shield outlines upcoming geophysics and a planned 2026 drill program at the Root & Cellar Project.
Please email me with any questions for Roger or Ian. My email address is Fleck@kereport.com.
 
Click here to visit the Labrador Gold website to learn more about the Company.
 
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For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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.

Mako Mining – Comprehensive Update At All 4 Projects – San Albino, Moss, Mt Hamilton, and Eagle Mountain

Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins me for a comprehensive review of all 4 company Projects, on an operational, developmental and exploration perspective. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. Mako owns the Moss Mine in Arizona, an open pit gold mine in northwestern Arizona, which is ramping up production. Mako now controls the permitted Mt. Hamilton Gold-Silver Project located in White Pine County, Nevada, USA as the next key development project in the cue.  Mako also holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, South America.
 
Initially we review the San Albino operations, how Q3 was a solid quarter, but not running as optimally as it has been in Q4.  San Albino ranks as one of the highest-grade open pit gold mines globally and this is translating over to great revenues in light of the higher metals prices.  Akiba points out that really Q4 will be the strongest quarter of the year, and this is what company has been guiding all along, but that December is turning out to be the strongest month operationally thus far.   Additionally, we discuss all the district-scale exploration potential and multiple drill rigs turning around the mine and across the land concession.
 
We also unpack the ramp of mining at the tail end of Q3 and into Q4 at the Moss Mine, in Arizona.   Akiba unpacks some of the operational and site layout challenges their team has overcome or has a process in place to address in the year to come.  Even though Moss is a lower-grade mine, and has only been operating as partial efficiency, it has still been profitable. As mining increases by accessing better areas of the mine, and debottlenecking certain processes, then costs will come down and it should become a bigger contributor as next year progresses.
 
The Mt. Hamilton Project has all major state and federal permits to allow construction of an open pit, heap leach gold-silver project, and has a current mineral resource estimate with an effective date of September 23, 2025. We discuss the related-party transaction involving Sailfish Royalty Corp, and some of work flying drones over the property a couple of weeks back before the snowy weather came in, setting them up for development work this April.
 
Additionally, we discussed the 2nd layer of mineralization and value proposition of the Mt Hamilton Project, because it also hosts a tungsten/copper/molybdenum target, located below and independent of the gold and silver Mt. Hamilton MRE. This tungsten target has been defined by over 100,000 ft of historical exploration drilling. In a report by the Department of the Interior, dated August 25, 2025, tungsten (W) was named as one of the top 10 critical metals listed by their estimated probability-weighted impact of supply disruptions on the U.S. economy.  There is the potential to seek government funds allocated for the development of critical minerals for this portion of the deposit down the road as another potential opportunity.
 
Wrapping up, we delve into the next key steps for permitting and development work at the Eagle Mountain Gold Project in Guyana; set to be in construction in late 2026 and production by H2 of 2027.. 
 
 
If you have any further questions for Akiba regarding Mako Mining, then please email them into me at  Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Mako Mining at the time of this recording and may choose to buy or sell more shares at any time.
 
Click here for a summary of the recent news out of Mako Mining.
 
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. 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.