TriStar Gold (TSX.V: TSG) Strengthens Balance Sheet to De-Risk Castelo de Sonhos

• The LIFE Capital Boost: Discover why management strategically upsized its financing from $7M to $9M Canadian, and how this capital positions them to aggressively advance the asset.

• Drilling for High-Grade Extensions: Get the breakdown on upcoming expansionary drilling aimed at extending lucrative high-grade zones at Esperança South.

• Lawsuit & Asset Value Milestones: Hear the latest updates on the legal evidentiary phase in Brazil and the exact steps being taken to unlock a 1.4-million-ounce reserve toward a Feasibility Study.

Listen to the TriStar Gold Interview Here

Impact Silver (TSX.V: IPT) Revenues Nearly Triple, Delivering Historic Profitability

• Explosive Q1 Performance: Find out how higher grades, robust mill throughput, and surging silver prices drove Q1 revenue to a spectacular $31.2 million.

• The Kena Vein Gamechanger: Learn how the newly developed Kena Vein at the Guadalupe Mine is actively transforming the company’s entire grade profile.

• Plomosas Strategy Shift: Get the insights on why underground mining has been temporarily suspended, alongside updates on lucrative advanced-stage toll-milling discussions.

Listen to the Impact Silver Interview Here

Guanajuato Silver (TSX.V: GSVR) Records a Massive 89% Revenue Surge Quarter-Over-Quarter

• Record Financial Turnaround: Uncover the operational shifts that generated $43.1M in record revenue and a dramatic swing to a positive $13.1M EBITDA.

• The Bolanitos Impact: Learn how the freshly closed acquisition of the Bolanitos mine immediately doubled gold production to over 4,200 ounces.

• Unprecedented Drill Campaign: Get the strategy behind their massive, ongoing 75,000-meter drill program utilizing 8 active rigs across their properties.

Listen to the Guanajuato Silver Interview Here

Sitka Gold (TSX.V: SIG) Yields High-Grade Gold Deep Below Pit Boundaries at RC Gold

• Deepest Hole in Project History: Unpack the monumental geological implications of Hole 121, which yielded 94.0 m of 1.79 g/t Au (including 19.3 m of 5.04 g/t Au).

• Underground Mining Horizons: Discover how this deep intercept changes the economic trade-offs and shapes upcoming underground resource modeling.

• 60,000-Meter Scale-Up: Find out how many rigs are currently turning at the Blackjack and Rhosgobel zones and when to expect the next wave of steady assay flow.

Listen to the Sitka Gold Interview Here

Santacruz Silver (TSX.V: SZM) Outlines Q1 Financials and Aggressive 2026 Growth Initiatives

• Visual Operations Review: A concise deep dive into the operational metrics and financials defining the company’s Q1 performance.

• Optimizing the Asset Portfolio: Hear how current efficiency programs across their core mines are designed to lower costs and maximize metal output.

• 2026 Milestones: A forward-looking breakdown of the production and exploration catalysts management expects to hit in the second half of the year.

Listen to the Santacruz Silver Interview Here

Cerrado Gold (TSX.V: CERT) Drives Multi-Project Milestones Across Global Portfolio

• Minera Don Nicolás Turnaround: Learn how a shift toward higher-grade open pits and heap leach operational scaling is reshaping their operational costs in Argentina.

• Unlocking Strategic Assets: Get the latest timeline on the newly closed Falcon properties acquisition and the critical Lagoa Salgada EIA approval process in Portugal.

• Iron Ore Catalyst: Discover what to expect from the upcoming Bankable Feasibility Study (BFS) for the Mont Sorcier project in Quebec and how it impacts overall asset value.

Listen to the Cerrado Gold Interview Here

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Final Note

We want to hear from you! If you have follow-up questions for any of the executives we interviewed this week, or if there is a specific company you want us to look into and interview next, please reach out to us directly via email. You can contact us at Fleck@kereport.com and Shad@kereport.com.

In this The KE Report Weekend Show, we sit down with top market analysts to dissect the charts across multiple asset classes and dive deep into the rapidly evolving critical minerals sector. First, fund manager Dana Lyons shares crucial technical indicators for precious metals, copper, energy equities, and the broader S&P 500. Then, Howard Klein and Matt Fernley of RK Equity join the show to expose the under-discussed bottlenecks in the critical minerals supply chain and how US-China dynamics are shifting the math for western investors. 

• Segment 1 & 2 – Dana Lyons, a fund manager and editor of the Lyons Share Pro website, joins us to share his technical analysis and market outlook. Dana highlights critical support and resistance levels for commodities like gold and copper, shares his specific trading strategies for shifting momentum within technology, energy, and software sectors, and provides a broader analysis of the overall market health, bond trends, and cryptocurrency price action. 
• Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services – https://lyonssharepro.com/

• Segment 3 & 4 – Howard Klein and Matt Fernley, partners at RK Equity, discuss the recent structural changes in the critical minerals sector, highlighting how the ongoing conflict in the Middle East has restricted the global sulfur supply and directly disrupted downstream nickel and cobalt processing. They also analyze the emerging trends in heavy rare earth element demand, evaluated new visual clay processing techniques, and debated the long-term feasibility of domestic lithium production and government-backed price floors. 
• RK Equity website – https://rkequity.com/ 

• Rock Stock YouTube channel – https://www.youtube.com/watch?v=UchoS9EZvak 

• Howard Klein on X @LithiumIonBull – https://x.com/LithiumIonBull

• Matt Fernley on X  @matt_fernley – https://x.com/matt_fernley 

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:

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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.

I hope you all have a great weekend and enjoy all the shared links and comments!

[Recorded on 05-28-2026]  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 opportunities in drone and counter-drone stocks on the back of news that broke on Thursday May 28^th that the US government may be investing directly into drone technology for defense.  Additionally, we discussed how the government is also investing directly into or shaping favorable policy initiatives around the critical minerals sector.

We start off discussing next generation defense and how integral drones have become on as a key aspect of battlefield protection. Sean points out that many nations have invested big into this technology, and that hot conflicts in Ukraine and Iran have changed modern warfare.

• Some of the companies we discussed include: Unusual Machines, Inc.(NYSE American: UMAC), Red Cat Holdings, Inc. (NASDAQ: RCAT),  Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), and Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO).
• Sean reiterates that investors need to do proper due diligence as not all companies are run well or have the right technology. He points out AeroVironment, Inc. (NASDAQ: AVAV) as a cautionary note of a company that has struggled even in a bullish sector.
• He also points out that counter-drone and counter-measure tech companies, like V2X, Inc. (NYSE: VVX), have done incredibly well in this environment.

The discussion then pivots to the US government also putting funding and proactive policy initiatives into the critical minerals stocks.

• He narrows down this wide range of minerals to a focus on getting exposure to the defense metals like antimony, heavy rare earths, tungsten, and niobium, or conductive metals like copper and silver.
• Some critical minerals stocks that he and his subscribers have traded well are: MP Materials Corp. (NYSE: MP), Critical Metals Corp. (NASDAQ: CRML), and USA Rare Earth, Inc. (NASDAQ: USAR), Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ), Taseko Mines Limited (TSX: TKO) (NYSE American: TGB), Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII), and American Rare Earths (ASX: ARR) (OTCQX: ARRNF).

He views periods of time where these critical minerals stocks correct as opportunities where investors that missed a stock on the way up, get another opportunity to accumulate into these pullbacks for the longer-term trends in motion. He stresses the need to understand the extreme volatility in this sector, to focus on companies with a legitimate pathway to production, and that may have received government funds in the past.

Wrapping up Sean highlights just how important this administration proposing implementing price floors to certain niche critical minerals sectors will be for encouraging development of projects that can then depend on the government being a steady buyer at a set prices higher than prevailing market prices.

Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends

.

Click here to learn more about Resource Trader

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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.

Mark Brennan, Founder, CEO, and Director of Cerrado Gold Inc (TSX.V: CERT) (OTCQX: CRDOF), joins me to review their Q1 2026 financial and operational metrics at the producing Minera Don Nicolas (MDN) gold mine in Argentina.  We discuss the acquisition of the adjacent Falcon Properties, and aggressive 70,000 meter exploration program on tap for MDN into 2026.  Additionally we get an update on the permitting process at the Lagoa Salgada VMS Project in Portugal and the key development catalysts on tap at the Mont Sorcier Iron-Vanadium project in Quebec.

Q1/26 MDN Operating Highlights:

• Q1 Gold equivalent production of 12,842 Gold Equivalent Ounces (“GEO”) vs 11,163 GEO in Q1 2025
• Heap leach production of 8,787 GEO continues to increase as water availability improves
• Underground development work continued at an accelerated pace, with record development meters during the period
• Access to new underground ore zones expected in Q2 2026, delivering higher-grade ore to the CIL plant, improving head feed grade, and increasing production
• CIL plant continues to process a blend of stockpile material and additional ore from underground development, resulting in total production of 4,055 GEO in Q1 through the CIL plant
• Acquisition of Falcon Properties has the potential to extend Heap Leach operations based on historical drill results.
• Combined with the existing exploration program, the acquisition is expected to position the mine to add new mineable material quickly

• Full year production guidance of 50,000-60,000 GEO maintained
• AISC of $1,348/oz Au during Q1 2026
• Record Adjusted EBITDA of $28.7 million for Q1 2026, benefiting from unhedged gold position
• Strong Cash Position of $31.4 million at quarter end

Mark and I review their Minera Don Nicolas producing gold project in Argentina, and the combination of heap leach and underground gold equivalent ounce production for the first quarter. He also highlighted the advantages of the Falcon Properties acquisition, and how it adds years to the existing heap leach mine life, as well as substantial exploration upside.  We discuss the key objectives from the ongoing 70,000 meter drill program will be looking to extend mine life in a substantial way and find new high-grade areas, at surface and underground, for future mine sequencing.

Next we got an update on the ongoing work from the previously announced unfavourable opinion of the environmental impact assessment (EIA) for the Lago Salgada VMS Project in Portugal. This ‘unfavourable opinion’ was issued after expiry of statutory deadline under Portuguese EIA legislation. The Company maintains its position that the project has been tacitly approved. Mark reiterated that the purported unfavorable opinion was issued despite the project being the first mining project in Portuguese history to receive unanimous favourable opinion for the Project by all 17 people that make up the Technical Evaluation Committee. The Company is working on a resolution and will update the market when it has more information.

Moving on to the Mont Sorcier Iron Project in Quebec, there are final workstreams feeding into the Bankable Feasibility Study slated for release here in Q2 of 2026. Recent metallurgical test work has reaffirmed the potential to produce high-grade and high-purity iron concentrate grading in excess of 67% iron with silica and alumina content below 2.3%, which gets a premium in the iron marketplace.  The NPV(8%) of the is project in the prior PEA was US$1.6Billion, so even at a very low multiple being applied to this Project, it more than underpins the current market cap that the company is currently receiving, and yet the market cap doesn’t even fully reflect the gold production asset.

We wrap up discussing the underappreciated valuation that the company is receiving for the both the producing MDN mine in Argentina, the development-stage Lagoa Salgada and large Net Present Value of the Mont Sorcier Project.

If you have questions for Mark regarding Cerrado Gold, then please email those to me at Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Cerrado Gold at the time of this recording, and may choose to buy or sell shares at any time.

Click here to see the latest news from Cerrado Gold.

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, and companies may be sponsors of the KE Report.

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins us for our monthly longer-format discussion on different macroeconomic factors and market reactions to the war in the Middle East, his key takeaways from 2 different site visits to South Dakota and Wisconsin, and investing strategies in select copper, gold, and critical minerals stocks.

We start off reviewing the mix of macroeconomic movers and knock-on effects from geopolitics as it relates to the closure of Strait of Hormuz, the US/China meetings last week, projections around central bank monetary policy options, rising bond yields and interest rates, a strengthening US dollar, GDP growth, rising inflation, sovereign debt loads, and AI data-center build-outs.   

The US stock markets have shrugged off most of these economic datapoints and geopolitical news, continuing to blast up to new all-time highs over the last week. He points out that the CRB commodities index has also been strong lately, lead by base metals, soft commodities, and the energy space.

When reviewing the commodities,  it has been hard to ignore the strength in the copper pricing, which has been up at all-time highs over the last few weeks of May, and Nick shares his approach is to investing in the copper equities.

• For exposure to the base metals producers he has been positioned in the iShares MSCI Global Metals and Mining Producers ETF (PICK), which has performed quite well over the last year and especially in 2026.
• Nick reiterated points from our prior conversation about 2 of the copper developers with good investor engagement, solid pounds in the ground resources, and good fundamental catalysts being: Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) and Aldebaran Resources Inc.  (TSX-V: ALDE) (OTCQX: ADBRF).  

• Nick highlighted the recent acquisition of Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) by Hudbay Minerals Inc (TSX, NYSE: HBM) and how that may be used as a good case study and lens for consideration of other advanced copper development assets and what kind of projects and jurisdictions may interest the senior producers.
• Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) is a copper and gold exploration story in Nick’s portfolio that just released some high-grade intercepts in the Yukon, and still has a lot of drilling on tap for this season as a catalyst.
• When reviewing why he prefers safer jurisdictions in the Americas for copper investing, he did point out a company like Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) is an exception, due to the quality of the management team to navigate the risks when operating in Africa.

Next we got a boots-on-the-ground recap of Nick’s 2 recent company site visits:

• Lion Rock Resources Inc. (TSXV: ROAR) (FSE: KGB) (OTCQB: LRRIF) – The company recently announced Phase One drill results at their Volney Project in South Dakota. The system features high-grade lithium, tin and tantalum hosted within spodumene-bearing LCT (Lithium-Cesium-Tantalum) pegmatites.
• GreenLight Metals Inc. (TSXV: GRL) (OTCQB: GRLMF)– GreenLight is a Wisconsin-focused exploration company advancing copper-gold and gold projects across the Penokean Volcanic Belt-one of North America’s most prospective VMS districts. GreenLight’s Wisconsin portfolio includes the Bend copper-gold deposit, the Reef high-grade gold project, and the Lobo and Lobo East massive sulfide targets.

We wrapped up getting the near-term technical price support levels that Nick is watching for in gold. 

• For now he is not concerned about gold falling into a true bear market, and he is treating the pullback we’ve seen in the precious metals a buying opportunity.
• Any short-term consolidation in pricing should be juxtaposed against the fundamental structural drivers for the longer-term precious metals bull market that are all still solidly in place.
• He’s been using periods of sector weakness in the PMs to add to positions in both GDXJ and Royal Gold, Inc. (NASDAQ: RGLD), along with some other junior precious metals stocks.

Click here to follow Nick’s analysis and publications over at Digest Publishing

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.

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSX.V: SCZ) (NASDAQ: SCZM) (FSE: 1SZ), joins me for an exclusive visual review of the Q1 2026 financial and operational results across their portfolio of 4 producing silver-zinc mines and ore feed sourcing business in Bolivia and Mexico. We also review a few of the key growth initiatives that the company has slated for 2026 across multiple projects.

 Q1 2026 Highlights

• Revenues of $127.5 million, an 81% increase year-over-year.
• Gross profit of $42.9 million, a 54% increase year-over-year.
• Net income of $28.5 million, a 201% increase year-over-year.
• Adjusted EBITDA of $42.6 million, a 55% increase year-over-year.
• Cash and highly-liquid marketable securities of $64.9 million, a 100% increase year-over-year.
• Working capital of $75.9 million, a 47% increase year-over-year.
• Average realized price per silver ounce sold of $63.30, a 128% increase year-over-year.
• AISC per silver ounce sold of $31.60, a 76% increase year-over-year.
• Realized mining margin per silver ounce sold of $31.70, a 221% increase year-over-year.
• Average realized price per zinc tonne sold of $3,116, a 12% increase year-over year.
• AISC per zinc tonne sold of $2,729, a 32% increase year-over-year.

When discussing the financial strength of the company, Arturo also highlighted that after paying $31.5 million in taxes during this first quarter, that the company ended Q1 2026 with a healthy cash and highly liquid marketable securities position of $64.9 million, providing Santacruz with the financial flexibility to continue funding operational improvements while maintaining a strong treasury position.

At the Bolivar Mine, the recovery of the areas affected by the May 2025 localized water inflow event continues to advance; with work focused on restoring production while maintaining operating discipline. The Company continues to expect Bolivar’s full recovery by Q4 2026, with the dewatering program progressing ahead of plan, and now accessing again the high-grade silver veins –  Pomabamba and Nané.

The Porco Mine remains a smaller but solid contributor, and it is strategically located in the important Potosi district.   Arturo mentions that their 1,200 tonne per day plant also assists with processing ore from the San Lucas business unit.

Next we moved over to the Caballo Blanco Group of mines, which is the lowest cost and thus highest efficiency of their operations.  Colquechaquita and Tres Amigos are the 2 producing mines, but Arturo mentioned that the Company has now brought Esperanza Mine back into production during Q1, and that it should be a profitable smaller zinc-forward mine in this Caballo Blanco complex moving forward.

Their Zimapán Mine in Mexico is their highest-volume operation and will be another area of continued growth for Santacruz Silver in 2026. The capital already invested in Zimapan into plant equipment and improving mine efficiencies will allow for more throughput, accessing higher grade areas, and improving metals recoveries.   The operations team gained access to the high-grade 960 Level of the Zimpan Mine at the end of Q4, and already demonstrated to be a more significant contributing area of production in Q1 2026 and looking forward.

San Lucas is a margin-based ore sourcing and processing business that supports plant utilization, fixed-cost absorption and operating flexibility.   San Lucas now includes ore blended from the Reserva Mine, (previously part of the Caballo Blanco complex), and may be further enhanced in the future if a dedicated processing center is acquired.   Arturo points out that since this is a “margin business” it will always be profitable, but that it will naturally see higher costs in parallel with moves higher in silver prices, and thus the higher amount needed to be paid to the small regional miners that bring in their ore to sell to San Lucas. The Company has introduced an enhanced reporting framework which provides a more complete basis for investors to assess production, costs, margins and cash generation across all business units.

The operations team is advancing their silver-dominant Soracaya mine towards development and near-term production. There is already a decline ramp into this project with initial stope access in 2 areas, and the plan once the permit is received in Q3 is to get this mine into initial ramp-up production by Q4 of 2026.

Wrapping up we discussed the potential for future accretive acquisitions in the Americas.  The board and management team are open to a currently producing mine or development-stage underground mining assets, but only if the acquisition would be accretive for shareholders and if their team can unlock value in these acquired assets.

If you have any follow up questions for Arturo regarding Santacruz Silver, then please email those to me Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Santacruz 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 Santacruz 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 Daily Editorial, we sit down with Brian Leni, the founder and editor of the Junior Stock Review and host of the Field Notes YouTube channel. Brian breaks down the current shifting dynamics within the resource sector.

Here are the key themes discussed in this episode:

• Shifting Capital in the Metals Sector: How capital is rotating away from precious metals and where those funds are actively migrating within the broader commodities space.
• The Macro Outlook for Copper: Learn about the defining economic indicators – including negative treatment and refining charges – that suggest the current copper price may represent a long-term floor rather than a peak.
• Evaluating Development Projects: Understand the criteria investors should use to differentiate between early-stage resources and advanced, construction-ready assets.
• Geopolitical Factors & Supply Chains: An overview of how deglobalization and regional supply disruptions are fundamentally reshaping global commodity markets.
• Strategic Portfolio Rebalancing: Insights into the benefits of holding a tactical cash position and how to position a portfolio for high-upside exploration opportunities during periods of market uncertainty.

Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in – https://www.juniorstockreview.com/

Click here to watch the latest Field Notes video – https://www.youtube.com/@FIELD_NOTES

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 Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF | FSE: 1RF), to unpack the first drill result of the year from the massive 60,000-meter program at the RC Gold Project. Mike breaks down the significance of hole 121, the deepest hole ever drilled on the project, which returned high-grade mineralization at depth. 

Key Discussion Points:

• Deep Drilling: An introduction to hole 121, the deepest hole ever completed on the project, and a look at the high-grade intercepts returned from the assay lab.
• Geological Implications: Why the company initiated this year’s program at the Blackjack deposit and how the mineralization extends far below the currently defined open-pit boundaries.
• Underground Mining Horizons: A look into the future economic trade-offs, target cut-off grades, and the structural data needed to support a future underground resource estimate.
• Drill Program Scaling: An update on the progression of the 60,000-meter program, current drill counts across the Rhosgobel and Blackjack zones, and expectations for upcoming assay flow.

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/

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.

James Anderson, Chairman & CEO of Guanajuato Silver (TSX.V: GSVR) (OTCQX: GSVRF), joins us for a comprehensive update on Q1 2026 financials, year-to-date operations trends, the 16,000 meters of underground development work underway, and the key initiatives for their ongoing 75,000 meter drill program at each mine.

Guanajuato Silver produces silver and gold concentrates from the El Cubo Mine Complex, Valenciana Mines Complex, the San Ignacio mine, and their recently acquired Bolanitos Gold-Silver Mine. In addition, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango.  In addition to these 5 producing mines, the Company also has 3 past-producing exploration and development projects in their portfolio at the El Horcon Mine, Pinguico Mine, and Cebada Mine.

Selected Q1 2026 Highlights

• Record Revenue of $43.1M represents an increase of 89% over the previous quarter, when revenue totalled $22.7M. Over 97% of revenue in Q1 was derived from silver and gold sales, highlighting Guanajuato Silver’s position as a true precious metals producer.
• Record Earnings Before Interest, Taxes, Depreciation and Amortization* (“EBITDA”) of positive $13.1M, demonstrating a dramatic reversal from Q4, 2025 EBITDA of negative $21.8M.
• Record Net Income of $5.7M, demonstrating the impact of improved mine operations in conjunction with rising silver and gold prices.
• Record Mine Operating Income of $14.3M represents a 252% increase over the previous quarter. In Q4, 2025, the Company generated $4.0M in Mine Operating Income.
• Gold production of 4,295 ounces represents a 104% increase over the previous quarter. In Q4, 2025 the Company produced 2,110 ounces of gold. The sizable increase in gold production over the quarter was largely due to the addition of production from the gold-rich Bolanitos Mine, which was acquired in January of 2026.
• Silver production of 339,104 ounces for the quarter represents a 15% increase over the previous quarter. In Q4, 2025, the Company produced 295,836 silver ounces. Silver production generated 58% of total revenue; this outsized leverage to the silver market makes Guanajuato Silver an outlier within the mining industry.
• Cash, cash equivalents and short-term investments totaled $30.5M at the end of the quarter; notably, the Company achieved this cash figure after paying net $30.0M in cash to close the acquisition of Minera Bolanitos S.A de C.V. on January 15, 2026.

James outlines their ongoing 16,000 meters of underground development work paired with the 75,000-meter drill program, currently utilizing 8 drill rigs to augment exploration initiatives. This is largest exploration program the company has ever deployed, with some areas getting the first meaningful resource expansion in many years.

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

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.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to review the key takeaways from both the Commodities Global Expo Conferences we just attended in Washington D.C. and Fort Lauderdale. He also highlights the value proposition that has his attention from 4 of the gold and silver developers which he met with at the conferences, that have put out compelling news in the recent past and that have key growth catalysts on tap in the medium-term.

• The companies we discussed in the interview are:

Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) – On May 5, 2026, the Company announced the results of a positive Preliminary Economic Assessment (PEA) for its 100%-owned Auld Creek Gold-Antimony Project in the Reefton Goldfield, New Zealand.

• The PEA — prepared in accordance with NI 43-101 disclosure standards and effective April 25, 2026 — highlights the potential for robust economics from a high-grade, shallow underground starter mine, supported by access to established Reefton infrastructure for efficient transporting to port.

Excellon Resources Inc. (TSXV: EXN) (OTC Pink: EXNRF) (FSE: E4X2) – On May 27, 2026, the Company provided a market update on operational activities at its 100%-owned Mallay silver-lead-zinc mine in central Peru.

• Mill ready for pre-commissioning. All critical refurbishment and wet commissioning milestones completed; bulk-sample campaign targeted for June 2026.
• ~15,000 tonnes stockpiled from Isguiz vein and Footwall Zone. Surface stockpile provides representative feed for the pre-commissioning bulk-sample campaign.
• Infill drilling informing updated restart planning. Results from the ~2,500-metre program are being integrated into the geological model; the Company expects to have an updated restart plan and schedule in early Q3/26.

Highlander Silver Corp. (TSX, NYSE American: HSLV) – On April 07, 2026, the Company provides a portfolio update following the successful completion of its acquisition and combination with Bear Creek Mining.

Daniel Earle, President and CEO of Highlander Silver, commented:

• “Highlander Silver is well positioned to fast-track project advancement across its portfolio of high-quality silver assets. This includes a focus on high-impact exploration, project optimization, and site preparation for development of Corani, the largest fully permitted primary silver project in the world, as well as permitting at San Luis, one of the highest M&I resource grade projects in both the gold and silver sectors.
• As of March 31, the Company had an unaudited cash balance of approximately US$100 million and no debt.
• The Mercedes gold-silver mine also made a positive cash contribution in its first month of operations following restructuring under our stewardship. We provide a summary of our baseline plans below and forecast a year-end cash balance of approximately US$60 million.
• This reflects a disciplined approach to spending that delivers on our core objectives while preserving flexibility to scale up our exploration programs later in the year.”

Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) – On May 12, 2026, the Company announced that its wholly owned Mexican subsidiary, Minera Mar de Plata (“MMP”), has executed three binding Letters of Intent (the “LOIs”) with two residents of Sonora, Mexico to acquire a 100% interest in 24 mineral concessions, and up to a 51% interest in five additional mineral concessions, located adjacent to the Company’s Cerro Caliche gold project in Sonora, Mexico. The Vendors are at arm’s length to the Company and to its associates and affiliates.

• Sonoro believes the acquisition is a strategic opportunity to potentially demonstrate the Cerro Caliche project as being part of a larger gold epithermal system, with wide-scale potential to host multiple mineralized zones.

 * 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 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. 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.

Fred Davidson, President and CEO of Impact Silver (TSX.V:IPT) (OTCQB: ISVLF), joins us to outline the key takeaways from the Q1 2026 financial and operations, and provides an update on the current production and exploration upside at the Zacualpan Silver-Gold District, as well as the move-forward plan on the Plomosas Zinc-Lead-Silver Mine in Chihuahua, Mexico.

The Company has 4 underground mines and 1 open-pit mine all feeding into the Guadalupe processing plant in the Zacualpan Silver-Gold District; with a number of other past-producing silver and gold mines across their district-scale land package being explored for future development.

Q1 2026 Highlights:

• The Company reported Revenue increased to $31.2 million, nearly three times $10.7 million in Q1 2025, driven by higher silver prices, higher grades, and increased mill throughput at the Zacualpan Silver Operation.
• Gross profit grew almost ten-fold to $20.3 million, from $2.2 million in Q1 2025.
• Net income for the quarter was $11.3 million, or $0.03 per share, marking a return to profitability following a net loss of $0.1 million in Q1 2025.
• At quarter-end, IMPACT held $45.3 million in cash, $4.0 million in guaranteed investment certificates (“GICs”), working capital of $48.0 million, and carried no long-term debt.

Fred outlined that the company delivered their strongest quarterly net income in the history of the Company — all while continuing to invest in development and exploration. While the higher silver price environment is clearly part of the story, he pointed to the bigger story being what is happening on the ground at Zacualpan: higher grades, higher throughput, and the meaningful contribution from the newly developed Kena Vein at the Guadalupe Mine.

Next, we shifted over to all the ongoing exploration work across Zacualpan district, where their 2 rigs have been continually turning at various targets.  Fred reviewed the high-grade exploration targets intercepted at their newer Kena Discovery at the Guadalupe Mine, and how this higher grade was going to increase their overall grade profile, as seen in Q1 numbers.  Additionally, there has been drilling over the last year at the San Ramon Deeps and San Ramon South area at the San Ramon Mine, both a gold-rich and a silver-rich vein respectively at the Alacran Mine, some silver targets like San Antonio at the Mina Grande Mine, and most recently some solid higher-grade precious metals results from the Carlos Pacheco exploration area.

Shifting over to the Plomosas Mine: They reduced expenditures in Q1 by making the decision to temporarily suspend underground mining, while they conduct more exploration and modeling of the mineralization.  After sufficient drilling and interpretation is completed, then the plan is to work towards a more efficient and sustainable mine plan of operations for the longer-term.  He also mentioned that the Company is currently in advanced-stage discussions on toll-milling arrangements at their Plomosa plant with a few nearby third-party operators; which they believe could generate cash flow during the current suspension of mining at Plomosas.

If you have any follow up questions for Fred about Impact Silver, then please email us at Fleck@kerport.com or Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Impact 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 Impact Silver

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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 sit down with Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets, for a deep dive into the shifting dynamics across the broader commodities complex. Darrell provides an insider’s look at what is currently driving activity on the trading desk, breaking down the major macroeconomic and geopolitical themes influencing critical resource markets.

Key discussion points include:

• CRB Index Resilience: An overview of the index’s ongoing strength, current consolidation patterns, and how today’s macro environment compares to multi-year highs.
• Geopolitical Pressures on Crude Oil: A look into the supply-demand fundamentals, the quickening drawdowns of the U.S. Strategic Petroleum Reserve (SPR), and why the future curves tell a deeper story than current spot prices.
• Natural Gas Stability: Why the natural gas market remains highly neutral despite localized shifts, alongside an outlook on how expanding LNG export capacity will impact long-term pricing differentials.
• Base Metals Outperformance: The structural demand drivers behind copper’s massive run, code-driven regional arbitrage, and why the global push for artificial intelligence and power infrastructure is transforming the sector.
• Securitization of Supply Chains: A broader analysis of why nations are aggressively moving to secure domestic resource pipelines and what this new era of resource nationalism means for the future of metal prices.
• Precious Metals Consolidation: An assessment of the current corrective phase in gold and silver, and what key economic factors are needed to spark the next leg higher.

Click here to learn more about Bannockburn Capital Markets  – https://www.bannockburnglobal.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.

Topics Covered:

• An in-depth overview of the current silver market – mine production, secondary recovery, fabrication demand, investment demand, inventories, market activities around the world, and prices.
• CPM Group’s projections for 2026 and beyond.
• The truth about the silver market surplus and non-existence of a deficit.
• Accurate information about above ground refined silver inventories.
• The factors that affect and determine the silver price and how CPM Group tracks them.
• The relationship between London and Comex inventories and silver prices.
• Retail and institutional investor trends.
• The continuing effects of war in Ukraine, Iran, and Israel.
• Inflation and silver prices.
• Interest rates and silver prices.
• Fed policies and silver.
• The disconnect between what the Federal Reserve says and does on the one hand, and what the market beliefs are of what it will do.
• The reduction in liquidity and major market making capacity in the silver market.
• Investor demand for both physical silver and derivatives.
• The increased availability of inaccurate and misleading information, statistics, and commentary.

In this Daily Editorial, I sit down with TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website and YouTube channel, to parse through the noise of the current macro headlines and focus strictly on what the charts are telling us. As geopolitical tensions, interest rate speculation, and inflation data continue to flood the news cycle, this conversation digs deep into price action to uncover where the real momentum is hiding and where the next big shifts are likely to occur.

Here is a summary of the key topics discussed in this episode:

• Precious Metals Consolidation vs. Copper Strength: An overview of the current sideways movement in gold and silver as they test critical moving averages, contrasted with the undeniable structural strength and underlying demand driving copper and copper equities.
• Interest Rates, Bond Support, and Oil Dynamics: A technical look at the critical support levels for TLT and bonds, combined with an analysis of why cooling oil prices could soon alleviate the pressure on interest rates.
• The S&P 500 Equal-Weight Breakout: Why the recent all-time highs in the equal-weight S&P (RSP) reveal a much healthier, broader market breadth than the bearish headlines suggest.
• AI-Driven Power Generation and Tech Rotations: A discussion on the shifting opportunities within tech, specifically focusing on energy infrastructure, small modular nuclear reactors, and under-the-radar financial stocks.
• The Airlines and Oil Pairs Trade: How a distinct technical divergence between airline stocks and crude oil reveals a compelling pair-trade opportunity for savvy investors.

Stocks and Symbols Mentioned: S&P 500 Equal-Weight ETF (RSP), Gold Miners ETF (GDX), SPDR Gold Shares (GLD), iShares 20+ Year Treasury Bond ETF (TLT), United States Oil Fund (USO), U.S. Global Jets ETF (JETS), Navitas Semiconductor (NVTS), SoFi Technologies (SOFI), Robinhood Markets (HOOD), B. Riley Financial (RILY), Generac Holdings (GNRC), Iris Energy (IREN), Wolfspeed (WOLF), Hut 8 (HUT), Riot Platforms (RIOT), Oklo Inc. (OKLO), NuScale Power (SMR), Delta Air Lines (DAL), Southwest Airlines (LUV). 

Click here to visit TG’s site – Profit Pilot – https://www.profit-pilot.com/

Click here to visit the Profit Pilot YouTube page – https://www.youtube.com/@Profit-Pilot 

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 Daily Editorial for the KE Report, I sit down with Dave Erfle, founder and editor of the Junior Miner Junky, to break down the latest technical trends and sentiment shifts in the precious metals sector.

Key topics discussed in this episode:

• Gold and GLD Technical Levels: An overview of the critical $4,500 level on gold and the 414 benchmark on GLD, exploring what the recent tight trading range tells us about a potential bottom.
• Understanding Sector Sentiment: A look at the commercial open interest and the bullish miners’ percentage index, revealing why high retail boredom often signals an ideal accumulation phase.
• The Dynamics of Market Corrections: Dave explains how healthy bull markets shake out latecomers and “weak hands,” offering a masterclass on why investors should buy the boredom and trim on strength.
• M&A Activity and Corporate Shifts: A breakdown of the massive new consolidation headlines, including Equinox Gold’s latest moves and what rising corporate acquisition tells us about the broader market cycle.
• Copper and Critical Minerals Performance: A comparison of the physical copper market against the COPX ETF, identifying divergence patterns that could hint at short-term corrections.

Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter – https://www.juniorminerjunky.com/

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 Daily Editorial, we are joined by Craig Hemke, founder and editor of the TF Metals Report, to parse through the conflicting signals currently driving the precious metals sector. Despite broader market optimism and a rally in mining stocks today, gold and silver prices have remained relatively flat. Craig shares his insights on what is causing this divergence and what investors should expect next.

Key Discussion Points:

• Navigating Market Optimism and Option Expiration: Craig discusses the broader market indicators, including a rally in the bond market, falling crude oil prices, and the impact of the June gold option expiration day, and how these factors are influencing underlying asset prices.
• Technical Frustrations vs. Strong Fundamentals: A look at why the short-term technical charts look weak, contrasted against the strong fundamentals, massive free cash flow generation, and aggressive share buybacks currently seen across the mining sector.
• Evaluating Second-Quarter Expectations: While PM prices are flat/down this quarter after a blowout Q1 margins may not break the consecutive records seen over the last year, Craig explains why Q2 earnings will still be incredibly robust compared to historical averages.
• Leverage Strategies for Investors: Craig details his personal investment thesis, focusing on why he targets the lowest-cost producers to maximize safety and leverage as the long-term macroeconomic picture unfolds.
• The Risks of Central Bank Liquidations: A deeper look at what could potentially disrupt the long-term bullish outlook for precious metals, specifically highlighting the threat of sudden central bank selling and currency defenses, as observed with Turkey earlier this year.

Click here to visit Craig’s website – TF Metals Report – https://www.tfmetalsreport.com/

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 sit down with Nick Appleyard, President and CEO of TriStar Gold (TSX.V:TSG | OTCQB:TSGZF), to discuss the company’s recent financing announcement and update on the asset and lawsuit.

They discuss the following key topics:

• Upsizing the LIFE Offering: An overview of the company’s recent upsized financing from an initial $7 million to $9 million Canadian, and why now was the strategic time to secure these funds.
• Exploration and On-Site Work: A look into upcoming plans for expansionary drilling to extend high-grade zones at Esperança South, alongside other fieldwork.
• Navigating the Federal Lawsuit: An update on the ongoing evidentiary phase in Brazil, the current status of judge-led summary decisions, and how the company is managing communication with indigenous affairs ministries and public prosecutors.
• Unlocking Asset Value: A breakdown of the economic upside of the Castelo de Sonhos project, highlighting its 1.4 million ounces of reserves (total of 2.5mil ounces of gold in all categories) and the ultimate path toward a Feasibility Study and strategic partnership.

Click here to visit the TriStar Gold website to learn more about the Company and Project. 

Email me any follow up questions for Nick – Fleck@kereport.com. 

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.

Elemental Royalty Corp. (TSX-V: ELE)

• The Big Move: CEO Dave Cole details the definitive agreement to acquire Vizsla Royalties Corp., injecting a massive near-term development silver-gold asset into the portfolio.

• Record Financial Firepower: Outlining an 83% revenue jump to US$24.3 million in Q1 2026, backing a pipeline armed with nearly $200 million in liquidity.

• Next-Gen Dividends: A look at their forward-thinking option allowing investors to take dividend payments in physical gold-backed Tether Gold tokens.

• Listen to the full interview with Elemental Royalty Corp. here

Goliath Resources Ltd. (TSX-V: GOT)

• Targeting the Motherlode: CEO Roger Rosmus builds on lessons from a massive 2025 campaign to vector in on the intrusive source feeding the high-grade Surebet Discovery.

• Consolidated Ownership: Recent strategic moves have secured a 100% interest in the Golddigger Property while simultaneously buying down the NSR.

• Imminent News Flow: Field crews mobilize this month, drilling starts in June, and the first batch of assay results is anticipated by July.

• Listen to the full interview with Goliath Resources Ltd. here

Aztec Minerals Corp. (TSX-V: AZT)

• Delineating the Pit: CEO Simon Dyakowski unpacks the newest step-out results at the northern portion of the Contention Pit, effectively extending the gold-silver oxide zone.

• Deep Target Focus: Inside the ongoing core drilling program hunting for deep CRD-style mineralization and large AMT conductive anomalies.

• Maiden Milestones: How current drill data is being aggressively fast-tracked into upcoming maiden resource estimates for both the Tombstone and Cervantes projects.

• Listen to the full interview with Aztec Minerals Corp. here

Labrador Gold Corp. (TSX-V: LAB)

• The Yukon Move: CEO Roger Moss explains the acquisition strategy behind picking up the Mariposa and Eureka Dome projects in the prolific White Gold District.

• The Hybrid Model: How the company balances traditional exploration while actively managing a mandate to deploy $3 million in new investments by September.

• Strong Liquidity: A review of their pristine balance sheet, which boasts over $15 million in cash to fund upcoming geophysics and soil sampling programs.

• Listen to the full interview with Labrador Gold Corp. here

Talisker Resources Ltd. (TSX: TSK)

• Production In Gear: CEO Terry Harbort outlines cash flow generation from shipments to Ocean Partners, projecting an estimated $12.7 million in net proceeds from recent gold sales.

• Massive Resource Backbone: Reviewing the newly updated resource estimate showing over 3.1 million ounces of gold in the inferred category at a high grade of 8.73 g/t.

• Upsized Drilling: Moving from a 30,000m plan to an aggressive 105,000m diamond drill program focused heavily on resource conversion and deep exploration targets.

• Listen to the full interview with Talisker Resources Ltd. here

Banyan Gold Corp. (TSX-V: BYN)

• Exceeding the Target: CEO Tara Christie celebrates a major resource expansion at the AurMac Gold Project, which successfully delineated a robust, high-grade core.

• Exceptional Continuity: Achieving a remarkable 90% conversion success rate into the indicated category, underscoring the structural reliability of the deposit.

• PEA Catalysts: How this massive resource update optimizes the economic modeling for the upcoming Preliminary Economic Assessment coming later this year.

• Listen to the full interview with Banyan Gold Corp. here

EraNova Metals Inc. (TSX-V: NOVA)

• Bypassing PFS: CEO Meredith Eades details how over $100 million in historical spending allows the company to jump straight from an upcoming PEA to a full Feasibility Study.

• Critical Supply Crunch: A macro look at why a development-ready, North American asset holding 433 million pounds of molybdenum is a massive strategic advantage.

• Lean and Backed: Exploring the corporate strategy behind their tight share structure and notable financial backing from legendary investor Eric Sprott.

• Listen to the full interview with EraNova Metals Inc. here

Graphene Manufacturing Group Ltd. (TSX-V: GMG)

• Global Energy Footprint: CEO Craig Nicol details a new exclusive international partnership with Curran International to bring THERMAL-XR® to major global oil, gas, and LNG players.

• Automated Scaling: A status update on the construction and commissioning of their next-gen automated Gen2 facility to meet commercial demand.

• A-List Executive Hires: Bringing on an industry veteran from Rio Tinto as Chief Production Growth Officer to handle massive international production expansion frameworks.

• Listen to the full interview with Graphene Manufacturing Group Ltd. here

Kingsmen Resources Ltd. (TSX-V: KNG)

• 3D Data Integration: CEO Scott Emerson reviews the completion of high-resolution satellite surveys, which are being merged into 3D models to precisely map silver-gold structures.

• Fully Funded Steps: Armed with cash from a recently closed upsized financing, the company is launching a 15,000m follow-up drilling campaign across two major projects.

• Untested District Potential: Stepping out deeper into the high-grade Soledad vein systems while prepping initial diamond drilling on the gold-rich structures at Almoloya.

• Listen to the full interview with Kingsmen Resources Ltd. here

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Final Note: We want to hear from you! If you have follow-up questions for any of the corporate executives we interviewed this week, or if there are specific companies you want us to feature on future shows, please email us directly. You can reach out to Fleck at Fleck@kereport.com and Shad at Shad@kereport.com.

This week on The KE Report Weekend Show, we sit down with market legends Rick Bensignor and Dan Steffens to unpack a powerful macro shift in global markets. As inflation pressures mount and fiat currencies erode, Rick Bensignor breaks down the technical charts for gold, silver, and critical minerals – revealing the exact levels investors need to watch for the next major commodity breakout. Then, energy expert Dan Steffens joins the conversation to dissect the structural supply crisis in the oil patch, the staggering draws on the Strategic Petroleum Reserve (SPR), and why top unhedged North American producers are positioned for massive free cash flow. Whether you are navigating precious metals or positioning for the energy squeeze, this episode delivers actionable data and top stock picks to help you stay ahead of the curve. 

• Segment 1 & 2 – Rick Bensignor, President of Bensignor Investment Strategies, provides a comprehensive chart-based analysis of multiple financial markets. He maintains a structurally bullish long-term outlook on gold due to currency devaluation but warns of a near-term correction down to the $3,700/oz range driven by a potential short-squeeze on the US dollar. Furthermore, Bensignor outlines why global interest rates have officially bottomed, notes that physical oil market metrics skew risks heavily to the upside, and cautions that the US equity market is flashing exhaustion signals after a historic vertical rally. 
• Click here to visit the In The Know Trader website – https://intheknowtrader.com/

• Segment 3 & 4 – Dan Steffens, President of the Energy Prospectus Group, joins the show to analyze the current volatility in the energy sector, focusing on the fundamental supply-demand squeeze in the oil market and the highly seasonal nature of natural gas prices. Throughout the discussion, Dan outlines several key investment opportunities, highlighting unhedged producers like Diamondback and EOG, specific Canadian plays such as Tourmaline and Whitecap, and the strong post-merger potential of special-situation stocks like Crescent Energy, SM Energy, and Devon Energy.
• Click here to visit the Energy Prospectus Group website for more energy market and stock analysis – http://www.energyprospectus.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:

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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.