The KE Report

I’m joined by David Stein, President & CEO of Kuya Silver (CSE:KUYA - OTCQB: KUYAF - FRA:6MR1), for a detailed update following the July 15th news release reporting Q2 2025 production growth at the Bethania Mine in central Peru.
We break down:
Production up 87% quarter-over-quarter – and what’s driving this growth.
Progress toward the 100 tonnes per day milestone and the development work still underway.
How working faces are managed to sustain and expand production.
Updates on toll milling, stockpiled material, and near‑term cash flow.
A one‑time revenue boost from the Silver Kings project in Ontario.
David also explains the balance between development and mining activity, future catalysts to watch in upcoming news releases, and how Kuya’s financial position and recent royalty deal set the stage for further growth.
 
If you have any follow up questions for David please email me at Fleck@kereport.com.  
Click here to visit the Kuya Silver website.

In this interview, I chat with Dan O’Flaherty, CEO of Versamet Royalties, a newly listed royalty company already making waves in the royalty and streaming space. Dan previously led Mavericks Metals, which sold to Triple Flag in 2023, and now he’s building Versamet to fill a gap between junior royalty players and the multi‑billion‑dollar majors.
 
Key Highlights from Our Discussion:
Rapid portfolio growth: Nearly US$300M in acquisitions since 2022, growing Versamet’s market cap to ~$500M.
Cash‑flow focus: From 5,000 GEOs in 2024 to 14–16,000 GEOs by 2026, translating to over $50M in annual revenue at current gold prices.
Strategic partners: B2Gold (33%), Sandstorm (25%), and Equinox Gold (13%) as cornerstone shareholders, providing technical strength and deal flow.
Balanced growth plan: Blend of near‑term organic growth and ongoing acquisitions.
Capital markets strategy: TSX Venture listing in May 2025, with plans to graduate to the TSX and pursue a U.S. listing for broader investor access.
Dan also explains:
Why Versamet stayed private until cash flow was established
How their credit facility and equity strategy are funding growth
Why this “mid‑tier gap” in the royalty space creates a unique investment opportunity
Please email me with any follow up questions for Dan. My email address is Fleck@kereport.com
Click here to visit the Versamet Royalties website. 

In this KE Report company update, John Miniotis, President & CEO, and Jeremy Weyland, SVP Projects & Development of AbraSilver Resource (TSX:ABRA - OTCQX:ABBRF) join me to discuss the latest developments at the Diablillos Project in Argentina.
Key topics covered:
New Phase 5 drill results at Oculto East, including a 42m intercept grading 0.68 g/t gold and 15 g/t silver - a step-out from their best-ever gold intercept in Hole 24 of this year.
Ongoing expansion drilling at Oculto East and Northeast, plus updates from Cerro Viejo and JAC. With three rigs currently on site focused at Oculto East.
Progress on the updated mineral resource estimate (expected in early August).
Insights into the Definitive Feasibility Study (DFS) - targeting mid‑2026 for an investment decision - with optimizations such as fleet upgrades, tailings design improvements, and potential grid power connections to reduce capex and opex.
How AbraSilver balances near‑term development milestones with aggressive exploration for continued upside.
Please email me any follow up questions you have for the team at AbraSilver. My email address is Fleck@kereport.com.
Click here to visit the AbraSilver website and read over the recent news.  

In this KE Report Daily Editorial (July 15), we welcome back Jim Tassoni, CEO of Armor Wealth Strategies. Jim is an active momentum trader we check in with monthly to uncover where he sees strength across markets, metals, and crypto.
Key topics covered:
U.S. and global markets at all-time highs - why Jim remains long despite overbought conditions, how he uses trailing stops, and his thoughts on geopolitical risk.
Fiscal and Fed policy catalysts - impact of the new spending bill and potential shifts in Fed leadership heading into 2026.
Sector and international positioning - communication services, tech, consumer discretionary, and overweight exposure to emerging markets like India and China.
Metals momentum - outlook on silver near $40, copper holding above $5.50, and trading strategies in miners.
Oil’s range-bound setup - how Jim is playing support and resistance levels.
Crypto trends - Bitcoin’s surge past $120,000, tokenization narratives, and stop levels Jim is watching.
Click here to visit the Armor Wealth Strategies website to keep up to date with Jim and what he’s trading.

Craig Hemke, Founder and Editor of TF Metals Report, joins us for a wide-ranging discussion on precious and base metals, recorded Monday, July 14th.
Silver has broken out above multi-year resistance, with junior silver stocks leading the charge. Craig walks through what’s fueling this breakout, including speculative flows, tariff impacts, and positioning in the COMEX market.
We also discuss:
Why silver is vastly outperforming gold and how the gold-silver ratio is driving sentiment
How mining stocks are reacting, with smaller stocks outperforming majors like Agnico and Newmont
Copper’s sharp move higher on new U.S. tariff announcements, and why Trump’s unpredictable stance is fueling volatility
A cautionary take on silver hype, commercial short positions, and how bull markets typically unfold
Inflation data, options expiry, and what to watch heading into the end of the week
Craig shares insights from decades of market experience—balancing optimism with realism—as he highlights where the real opportunity may lie for precious metals investors in the second half of 2025.
Click here to visit Craig’s website - TF Metals Report

TG Watkins, Director of Stocks at Simpler Trading and editor of the Profit Pilot website and YouTube channel, breaks down what’s driving markets higher and where the next leadership may emerge.
Markets are pushing to new all-time highs, brushing off tariff noise and geopolitical uncertainty. In this interview, TG Watkins joins us to unpack what’s fueling this continued strength and how investors should position in a fast-moving bull market.
Key themes discussed:
Tariff headlines vs. market resilience: Despite renewed tariff threats from Trump, markets continue higher - why?
AI and Crypto leading the charge: Nvidia, AMD, and tokenization themes are back in focus. Crypto breakout signals renewed momentum.
Sector rotation in full swing: Big tech is stretched; money is flowing into smaller, higher-risk plays and overlooked sectors like drones and silver.
Volatility watch: The VIX is around 17; TG expects a near-term pullback but views it as a buying opportunity.
Precious metals outlook: Silver breaks out to 14-year highs, while gold consolidates and awaits a clearer catalyst.
TG shares insights on:
Where smart money is rotating next
Signs of market froth and the case for a short-term reset
What would make him turn more defensive
Why he’s watching SPX 21-day and weekly 21 MAs for support
Click here to visit TG’s site - Profit Pilot

I’m joined by Mike Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V:SIG - OTCQB:SITKF - FRE:1RF), for an update on the 30,000-meter drill program at the RC Gold Project in Yukon, following the July 10th news release.
Key highlights from the interview:
All 9 holes at the Rhosgobel target have intersected visible gold, with mineralization confirmed across 250 meters of strike and to 350 meters depth. Positioning Rhosgobel as a strong candidate for Sitka’s third gold deposit.
The Saddle zone, situated between the Blackjack and Eiger deposits, is also returning visible gold. Drilling here could add ounces within existing conceptual pit limits, enhancing project economics by lowering the strip ratio.
Assays are pending, with initial results from Blackjack and Eiger expected in the coming weeks and Rhosgobel assays to follow shortly after.
The program is ahead of schedule and under budget, with drilling costs at ~$350/m.
A potential resource update is targeted for Q1 2026, depending on assay results and drill density at new zones.
If you have any follow up questions for Mike please email me at Fleck@kereport.com. 
Click here visit the Sitka Gold website to learn more about the Company.

In this KE Report Daily Editorial, I’m joined by Erik Wetterling, founder and editor of The Hedgeless Horseman, for a deep dive into the silver market’s breakout and the explosive rally in junior metals stocks.
 
Silver has been the standout performer in 2025, climbing over 30% YTD to a 14-year high near $40. Erik breaks down why junior silver equities, especially the smallest and riskiest names, have seen outsized gains, often disconnected from fundamental improvements. He explains how rising sentiment and a risk-on attitude are driving momentum, leading to sharp rallies in names with little more than leverage to the silver price.
 
We discuss:
The shift from gold leadership to silver, and how the gold-silver ratio dropping from 107 to 85 reflects this change.
Why microcap silver juniors are seeing the most aggressive moves - and how sentiment, not fundamentals, is often the driver.
Erik’s strategy: focus on undervalued names with upside but avoid speculative trades based only on “greater fool” theory.
Stocks on Erik’s radar: With commentary on project quality, valuation, and risk.
As Erik puts it, the junior silver space may be “the worst sector long-term,” but in the current bull market, it’s showing some of the best short-term returns. Sentiment is surging, but caution is warranted. 
Click here to visit Erik’s site - The Hedgeless Horseman.  

A wide-ranging macro breakdown on gold, oil, natural gas, and the looming catalysts for volatility with Jeff Christian (CPM Group) and Josef Schachter (Schachter Energy Report)
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!
Also check out our Substack where we email you summaries of Daily Editorials and the Weekend Show! Click here to check it out.
 
Segment 1 & 2 - Jeff Christian, Managing Partner at CPM Group, joins the show to discuss how the recently passed U.S. tax bill could significantly increase deficits and economic uncertainty, reinforcing long-term support for gold. He highlights strong global investment demand, particularly through gold ETFs, even as the metal trades sideways near record highs. Christian notes rising institutional short positions and the potential for physical market tightness around the August futures contract. Geopolitical risks and a surge in global money supply remain key catalysts that could drive gold and silver higher in the second half of the year.
Click here to visit the CPM Group website to learn more about the firm. 
 
Segment 3 & 4 - Josef Schachter, founder of the Schachter Energy Report and Eye on Energy Substack, joined us to share his latest insights on the oil and natural gas sectors. He discussed why U.S. production remains strong despite falling rig counts, how efficiency gains like pad drilling and polymer floods are reshaping conventional oil, and why LNG demand and Alberta power needs may drive a natural gas rebound—especially for Canadian producers. He also highlighted key contrarian opportunities in beaten-down Canadian gas stocks, select dividend-paying oil equities, and ETFs like XLE and OIH if markets pull back to April levels.
lick here to learn more about The Schachter Energy Report
 

Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins me to highlight the key milestone of the first development ore being milled at  Nicola Mining’s Craigmont Mill located in Merritt, British Columbia.  Talisker announced on July 7th that the Company has commenced milling and processing of run of mine material from the Mustang Mine vein material extracted from the 1060 and 1075 development levels.  We unpacked this major positive milestone for the Company, and what the ramp up in to production will look like for the second half of this year.
 
Talisker continues to develop on the 1060, 1075, 1105 and 1120 levels with in-vein development active on the BK vein on the 1075 level and both the BK and BK9870 veins on the 1105 level. Long-hole drilling in preparation for the mining and extraction of the first stope is underway targeting the 3264 stope from the Alhambra vein located between the 1060 and 1075 levels. Blasting and extraction of the first stope is expected to occur later this week.
 
We review that main area of focus for the development declines and work up until this point in time has been in the unmined area, between the historically mined Bralorne  and King mines, now referred to as the Mustang Mine. We shift over to the measured ramp-up of throughput from mined ore at the Mustang Mine with throughput now above 200 tonnes per day (tpd) and the goal to get that up to 250 tpd by year-end.  Moving into next year it is anticipated that throughput can rise from 300 tpd, up to 500 tpd, and then eventually 750 tpd in the years thereafter.  That will involve pulling in material from the unmined areas between the historic Bralorne and Pioneer mines as a second eventual area of focus.
 
In addition to being amenable to toll milling at nearby processing centers with spare capacity, there is a second study underway looking at upgrading the ore on site using ore-sorting technology, so that higher-grade material, with less associated waste would make it more economical to be shipped to additional processing centers. An economic study is slated for later this year that will explore some of these concepts in more detail. Wrapping up we discuss the key milestones and news on tap for the balance of this year.
 
If you have any follow up questions for Terry then please email me at Shad@kereport.com.
 
Click here to follow the latest news from Talisker Resources