The KE Report

In this KE Report company update, we’re joined by Luke Alexander, President & CEO of Newcore Gold, to discuss recent high-grade drill results and what’s ahead in 2026.
The conversation highlights the deepest drilling completed to date at the Enchi Gold Project in Ghana, including standout high-grade gold intercepts that support the company’s geological model and underground expansion potential.
With a 1.71 million ounce gold resource (indicated + inferred), Newcore Gold is moving forward with continued drilling (45,000 meters underway), an upcoming Pre-Feasibility Study (PFS), and a resource update - while keeping a clear focus on advancing the project toward production.
 
If you have any follow up questions for Luke please email me at Fleck@kereport.com.
Click here to visit the Newcore Gold website. 
 
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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.

Bob Archer, President and CEO of Pinnacle Silver & Gold (TSX-V:PINN) (OTC: PSGCF), joins me to unpack the upcoming initial Phase 1 drill program, along with the big picture development roadmap towards near-term production in 2 years at the Company’s El Potrero Gold-Silver Project in Durango, Mexico.
 
The El Potrero Project contains a low-sulphidation epithermal gold-silver system that has been traced for more than 1,600 metres along strike and 500 metres in width in the northern part of the property. Pinnacle’s geological team has been conducting extensive and systematic surface and underground mapping and sampling comprising 1,196 samples in 2025.
 
Pinnacle recently conducted an airborne LiDAR survey across the entire 11 km2 property, from which 64 adits, 6 shafts and 51 prospecting pits were interpreted by a leading consultant in this field.  While many of these lie along the Dos de Mayo vein structure in the northern 10% of the property, confirming the trend, most of the remainder lie on the other 90% that has yet to be explored. 
 
This Phase 1 program will be a number of shorter 20-25meter holes piercing the walls and ceilings at approximately 6 priority targets initially, with many more targets identified.   There will also be surface drilling incorporated in tandem, once the underground drilling is well underway.   The Phase 1 exploration will focus on 2 of the 3 historic mining areas: the Dos de Mayo and Pinos Cuates initially.  In future phases of exploration the company will also explore the third historic mining area around La Dura.
 
Bob also outlines the vision to rapidly move from exploration, to development, with a goal to first production in about 2 years.  There are distinct advantages to having a brownfields site with underground development already in place and an existing processing plant on site, that is estimated to be capable of processing about 100 tonnes per day utilising crushing, milling, vat leach and Merrill Crowe circuits.  The plant will need new equipment, but Pinnacle has cleaned up the plant site and surrounding infrastructure and conducted a preliminary assessment of the cost to rebuild the plant and install a dry-stack tailings facility. 
 
The company has undergone initial metallurgical testing with three samples taken from underground at the historic Pinos Cuates mine, the central of the three main mines on the Dos de Mayo structure, and sent to SGS Durango for preliminary test work. Given that these were preliminary tests, there was no optimization, yet the results from leach tests indicated gold recoveries ranging from 92.81% to 96.79% and averaging 95.09%.  Silver recoveries were lower and more variable, due to more complex mineralogy, and ranged from 41.41% to 73.53%, averaging 54.68%.  Mineralogical studies and further optimization will be required to obtain consistently higher silver recoveries.
 
The Company is currently closing a C$2.52M financing to cover both the underground and surface programs through 2026.  Down the road, Pinnacle also envisions an off-take agreement that will help bring in non-dilutive capital to fund the initial capex for plant refurbishment, underground development work, extending the powerline to grid access, and for working capital.
 
Click here to follow the latest news from Pinnacle Gold and Silver
 
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 KER Market QuickTake, the first market discussion of 2026, we dive into the explosive moves across precious metals - particularly silver’s historic surge above $90 - while questioning why mining equities continue to lag far behind the metals themselves.
Despite gold reaching new all-time highs and silver delivering one of its strongest breakouts in decades, investor enthusiasm toward precious metal stocks remains surprisingly muted. Cory and Shad break down the disconnect, explore sector rotation into industrial and energy metals, and explain what could finally ignite the next leg higher for miners.
 
Let us know your thoughts on the KER Market QuickTakes - Fleck@kereport.com and Shad@kereport.com 
 
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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.

In this company update, Garrett Ainsworth, President and CEO of District Metals (TSX-V: DMX | OTCQX: DMXCF), outlines the company's aggressive 2026 exploration and development plans in Sweden.
Following the official lifting of the uranium exploration and mining moratorium on January 1, 2026, District Metals has transitioned from a "soft start" to full-scale advancement of its world-class portfolio. The company is now focused on the rapid de-risking of its flagship Viken Project and systematic testing of high-priority targets across its extensive Alum Shale and basement-hosted uranium properties.
Key Discussion Points:
Viken Project Advancement: The flagship project has commenced a Preliminary Economic Assessment (PEA) targeted for completion in Q2 2026. This study is being led by P&E Mining Consultants and Mets Engineering Group to leverage their specialized expertise in Alum Shale metallurgy.
Economic Impact Study: The company has retained BDO Canada to quantify regional tax revenues and job creation potential. This is a strategic move to secure the "social license" required for long-term project development.
2026 Drilling Campaign: A 5,000 to 7,000-meter program is planned, beginning in the northern woodlands and moving south toward Viken. The campaign will test 24 MobileMT conductive anomalies identified during 2025 geophysical surveys.
District-Scale Strategy: Controlling nearly 150,000 hectares of Alum Shale properties, District plans to move directly into grid drilling if initial "scout" holes confirm thick mineralization, aiming to rapidly define new resources.
Financial Position: The company enters the year with approximately C$9 million in cash and a 2026 work budget of C$5 to $6 million, remaining well-funded through potential warrant and option exercises.
 
If you have any follow up questions for Garrett please email me at Fleck@kereport.com. 
Click here to visit the District Metals website to learn more about the Company - https://www.districtmetals.com/
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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. 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

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to review the opportunities he sees in some of the new smaller PM producers ramping up growing revenues at time of record margins and extremely high underlying metals prices.   Additionally, he is seeing compelling value in some of the gold and silver developers expediting their process through the 2nd leg of the Lassonde Curve, on the pathway to construction and production in the next couple years.
 
We review the continued strange dichotomy between surging precious metals prices and the lagging reactions in many junior gold and silver stocks over the last couple years. Then we look ahead to why we may see more capital start rotating down into the PM junior stocks that are actively pursuing revenue growth as this year unfolds.
 
We start off discussing just how much more profitable even the small producers are today compared to what the mid-tier producers with much larger production profiles could have achieved in cashflows 6-8 years back.  
 
This current environment has taken what would be considered small tier 3 projects and mines and now turned them into cash cows for companies. By generating substantial revenues, instead of purely diluting through market financings, these junior companies can then fund further growth and development of their other projects.  
Erik points to new producers ramping up production like Talisker Resources, Blue Lagoon, and Kuya Silver as companies that are garnering attention on relatively small production profiles, because of just how profitable spot PM prices are for generating new revenues.
We highlighted some of the junior resource companies that we’ve reviewed in prior discussions that blazed this similar path over the last couple of years like Integra Resources, Heliostar Metals, Discovery Silver, and Magna Mining. These companies have been solid case studies of this business pivot, through transforming their business models by going from developers to junior producers, and then they were positively rewarded by the marketplace.
 
 
With regards to the junior developers, he sees opportunities in the companies that are expediting their move through the 2nd leg of the Lassonde Curve.
 
He mentions Amex Exploration, which is working towards trial mining a large bulk sample over the next year, to then fund going into toll-mining process for the first 4-5 years; before eventually building a larger plant and operations on site in a multi-phased mining approach. This is a way to self-fund at least a big part of their future growth through much lower initial capex moves into production.
Scottie Resources is also taking a very similar approach and already has completed their bulk sample at the end of last year, bringing in non-dilutive capital and learning a lot through that real world trial mining process to apply to future economic studies and the move towards Direct Ship Ore production.
 
 
* In full disclosure, the 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 visit Erik’s site – The Hedgeless Horseman
 
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.
 

In this KE Report company update, we’re joined by Scott Berdahl, CEO & Director of Snowline Gold (TSX:SGD - OTCQB:SNWGF), to discuss the company’s transition from an exploration success story to a rapidly advancing development-stage company as it looks ahead to 2026.
Key Topics Discussed:
2025 recap and milestones - 30,000 meters drilled, PEA completion, awards, leadership growth, and a 240% share price increase
Pre-Feasibility Study progress - engineering, environmental, metallurgical, and technical work feeding into the PFS
Permitting strategy in the Yukon - advancing project description and early-stage permitting activities
Upcoming drill results - ~14,000 meters still pending from Valley and multiple regional targets
Exploration upside beyond Valley - Gracie, Aurelius, Jupiter, and other reduced intrusion-related gold targets in the Tombstone Gold Belt.
Capital strength and budget outlook - $105 million treasury supporting development and exploration through 2026
 
If you have any follow up questions for Scott please email me at Fleck@kereport.com.
 
Click here to visit the Snowline Gold website to read over the recent news and learn more about the Company - https://snowlinegold.com/
 
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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. 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, TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot, analyzes the explosive start to 2026. As political headlines from the Trump administration drive massive sector rotations, TG discusses how his technical process identifies institutional "footprints" beneath the noise.
 
From the sudden reversal in homebuilders to the vertical moves in silver and gold, we explore how to manage risk in parabolic markets. TG also provides a preview of his "State of the Markets" presentation (happening tomorrow, January 13th), where he will dive deeper into the recovery of small caps, the potential bottoming in cannabis and crypto, and the technical indicators signaling a shift away from Mega-Cap Tech.
 
Key discussion points:
 
Bullish Small Caps & Broad Market Rotation: TG highlights a healthy shift away from mega-cap tech into small caps (IWM), mid-caps (MDY), and equal-weight indexes (RSP). This is fueled by a "sweet spot" of low unemployment and an increasingly dovish Fed.
Homebuilder Resilience: Despite restrictive housing policy headlines, homebuilders (XHB/NAIL) showed strong institutional "footprints" and technical reversals, signaling that the lower interest rate environment is the primary driver for the sector.
Precious Metals Velocity: Silver has entered a parabolic phase, skyrocketing from $50 to over $80 in a month. TG cautions that while the trend is intact on the hourly 50 SMA, the vertical move lacks technical support levels, increasing the risk of a sharp reversal.
Crypto & Cannabis Bottoming: TG sees "percolating" strength and a double-bottom pattern forming in Bitcoin and Ethereum, alongside renewed interest in the cannabis sector following recent reclassifications.
 
Click here to visit TG’s site - Profit Pilot - https://www.profit-pilot.com/
 
Click here to visit TG’s X profile to learn more about his State Of The Markets presentation tomorrow!  
 
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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.

In this KE Report company update, Simon Dyakowski, President & CEO of Aztec Minerals (TSX.V:AZT | OTCQB:AZZTF), joins me to recap a standout 2025 and outline what’s shaping up to be a very active 2026. The discussion centers on continued drilling success at the Tombstone Project in Arizona, early-stage upside at Cervantes in Mexico, and the path toward a potential maiden resource.
Key discussion points include:
Strong 2025 Drill Results at Tombstone - Record gold and silver intercepts, validation of the geological model, and expansion of drilling beyond the main pit area.
Ongoing & Expanded 2026 Drilling - Multiple rigs active, more than 20 holes pending assays, and steady near-term news flow expected.
Maiden Resource Potential - Management discusses timing for an initial resource estimate as a starting point for long-term growth.
Gold vs. Silver Zonation - Gold-rich zones to the north and increasingly silver-dominant mineralization to the south and west.
CRD Upside & Deep Drilling - High-risk, high-reward deep drilling targeting potential CRD-style mineralization beneath the main zone.
Cervantes Project in Mexico - Follow-up on recent fieldwork and optionality for future drilling at the gold-copper porphyry project.
Financial Strength - Nearly $9 million in cash supports aggressive exploration plans across both core assets.
 
Please email me any questions you have for Simon. My email address is Fleck@kereport.com. 
 
Click here to visit the Aztec Minerals website - https://aztecminerals.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 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.

This Weekend Show connects the week’s biggest geopolitical catalyst - U.S. military action tied to Venezuela’s oil - and what it could mean for commodities and markets in 2026. Peter Boockvar lays out a contrarian oil thesis built on depressed prices, positioning, and shale maturity, while Brien Lundin explains why silver’s surge looks structurally different this time - driven by physical tightness and industrial buyers forced to compete with investors, all against a backdrop of critical-minerals policy momentum.
Segment 1 & 2 - Peter Boockvar, Chief Investment Officer at Bleakley Financial Group and editor of The Boock Report, who weighs in on geopolitics, arguing the U.S. action in Venezuela doesn’t change his bullish long-term outlook for oil, and discusses why depressed energy, agriculture, and select commodities could play catch-up amid tightening supply, shifting sentiment, critical minerals policy, evolving AI investment dynamics, and the growing importance of long-term interest rates in 2026.
Click here to follow Peter at The Boock Report - https://peterboockvar.substack.com/
 
Segment 3 & 4 - Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, to discuss the historic surge and volatility in silver driven by physical supply constraints and investment demand, plus his outlook on gold, copper, lithium and uranium as the broader commodity bull market gains momentum. We discuss the equities for each commodity sector as well. 
Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/
 
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. 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 may own shares in companies mentioned.
 

In this company update, I’m joined by Tara Christie, President & CEO of Banyan Gold (TSX.V:BYN - OTCQB:BYAGF), to break down the latest drill results from the Powerline and Airstrip deposits at the AurMac Project in Yukon.
Tara walks us through why these eight newly reported drill holes are technically significant, how they validate Banyan’s evolving geological model, and what they reveal about ongoing high-grade continuity, expansion targets, and future resource growth.
 
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: 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.