CrashLabs

In this episode we break down why the venture space is still starved of capital — and why that might be the biggest opportunity of the cycle.

We get into:

• Why volatility is your edge (especially with warrants)

• Why most investors still don’t understand leverage in this space

• Copper hits across the portfolio

• A Nevada gold producer about to generate real cash flow

• A silver restart that could throw off serious free cash

• And another savage round of Dig It or Ditch It

00:00 – “Mining Promoter” Debate & VRIC Sentiment Shift

04:00 – Why There’s Still No Real Capital in Juniors

08:00 – The Insane Leverage of Warrants (20x Potential)

12:30 – Copper Drill Hits: Element 29, Sterling & Kingfisher

16:00 – Borealis: From Restart to Cash-Flowing Nevada Gold

27:00 – Dig It or Ditch It: Copper, Silver & Golden Triangle Plays

SOUTHERN CROSS GOLD CONSOLIDATED LTD - $SXGC

Lahontan Gold Corp. - $LG

San Lorenzo Gold Corp. - $SLG

Element 29 Resources Inc. - $ECU

Sterling Metals Corp. - $SAG

Pirate Gold Corp. - $YARR

Kingfisher Metals Corp. - $KFR

Borealis Mining Company Limited - $BOGO

Corcel Exploration Inc. - $CRCL

Silver Storm Mining Ltd. - $SVRS

Oreterra Metals Corp. - $OTMC

#investing #Stocks #ResourceInvesting #Mining #Gold #Silver #CriticalMinerals

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This podcast does not provide any investment, financial, economic, legal, accounting, or tax related advice or recommendations. The content in this podcast is not intended to amount to advice on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the contents of this podcast. The information contained in this podcast does not constitute an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. The views and opinions expressed in this podcast are not necessarily those of EarthLabs Inc. ("EarthLabs") and its respective directors, employees, officers, agents, shareholders, or affiliates. EarthLabs is not providing any investment, financial, economic, legal, accounting, or tax related advice or recommendations in this podcast. EarthLabs makes no representations, warranties, or guarantees, whether express or implied, that the content in this podcast is accurate, complete, or up to date. Any and all liability is expressly disclaimed, and EarthLabs has no responsibility or liability whatsoever for the use of this podcast.   This podcast may include content provided by third parties. All statements and/or opinions expressed by third parties are solely the opinions and the responsibility of the person or entity providing those materials. Such materials do not necessarily reflect the opinion of EarthLabs. This podcast should not be copied, distributed, published, or reproduced, in whole or in part without the express written consent of EarthLabs.EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may, from time to time, buy and sell or otherwise effect transactions involving the securities of issuers which are featured or referenced in this podcast. Accordingly, EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may realize significant gains or losses as a result of any variation in the price of the securities of any such issuers. EarthLabs does not endorse or accept any liability for any investment in any issuer referenced in this podcast and expressly advises listeners to rely solely on their own counsel, accountants, and other similar expert advisors for legal, accounting, tax, investment and other similar advice.

Gold investing isn’t about chasing flashy drill holes — it’s about understanding systems.

In this episode, the crew sits down with Denis Laviolette to break down why orogenic gold dominates global production, why these systems go deep, and why investors consistently misprice deposits that look “small” on paper.

They dig into:

* why over 40% of all gold ever mined comes from orogenic systems

* how depth, structure, and geology create long-life, expandable mines

* why 43-101 rules flatten upside and hide optionality

* how past “small” discoveries turned into multi-million-ounce producers

* why gold markets today resemble oil cycles — uneconomic until suddenly not

0:00 – Sterling Metal ($SAG) update

9:00 – Orogenic gold runs the industry

18:00 – Why small discoveries get ignored

24:01 – 43-101 hides the real upside

34:45 – What actually matters in gold

45:00 – Dig this deal

Sterling Metals Corp. - $SAG

Pirate Gold Corp. - $YARR

New Found Gold Corp. - $NFG

Amex Exploration Inc. - $AMX

SOUTHERN CROSS GOLD CONSOLIDATED LTD - $SXGC

EQUINOX GOLD CORP. - $EQX

AYA GOLD & SILVER INC. - $AYA

Trigon Metals Inc. - $TM

Nevada King Gold Corp. - $NKG

TALON METALS CORP. - $TLO

Perseverance Metals Inc. - $PMI

#investing #Stocks #ResourceInvesting #Mining #Gold #Silver #CriticalMinerals

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This podcast does not provide any investment, financial, economic, legal, accounting, or tax related advice or recommendations. The content in this podcast is not intended to amount to advice on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the contents of this podcast. The information contained in this podcast does not constitute an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. The views and opinions expressed in this podcast are not necessarily those of EarthLabs Inc. ("EarthLabs") and its respective directors, employees, officers, agents, shareholders, or affiliates. EarthLabs is not providing any investment, financial, economic, legal, accounting, or tax related advice or recommendations in this podcast. EarthLabs makes no representations, warranties, or guarantees, whether express or implied, that the content in this podcast is accurate, complete, or up to date. Any and all liability is expressly disclaimed, and EarthLabs has no responsibility or liability whatsoever for the use of this podcast.   This podcast may include content provided by third parties. All statements and/or opinions expressed by third parties are solely the opinions and the responsibility of the person or entity providing those materials. Such materials do not necessarily reflect the opinion of EarthLabs. This podcast should not be copied, distributed, published, or reproduced, in whole or in part without the express written consent of EarthLabs.EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may, from time to time, buy and sell or otherwise effect transactions involving the securities of issuers which are featured or referenced in this podcast. Accordingly, EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may realize significant gains or losses as a result of any variation in the price of the securities of any such issuers. EarthLabs does not endorse or accept any liability for any investment in any issuer referenced in this podcast and expressly advises listeners to rely solely on their own counsel, accountants, and other similar expert advisors for legal, accounting, tax, investment and other similar advice.

Denis is joined by Kevin O'Leary as they break down geopolitics through the lens of power, leverage, and strategic assets.

As global alignment fractures, gold, metals, mining, and emerging technologies like AI are no longer just economic inputs — they’re tools of influence. China, the United States understand this. The question is whether countries like Canada do.

They discuss how resources, geography, and long-term strategy shape outcomes when pressure rises — and why hard assets matter more when globalization weakens.

This isn’t a hype cycle. It’s a power cycle — and gold, electricity, mining, and technology sit right at the center of it.

0:00 – The return of power politics

6:45 – China’s leverage and long-term strategy

14:10 – Trump, America, and pressure dynamics

22:30 – Canada’s position between major powers

31:40 – Geography, resources, and real influence

40:55 – What this means going forward

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This podcast does not provide any investment, financial, economic, legal, accounting, or tax related advice or recommendations. The content in this podcast is not intended to amount to advice on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the contents of this podcast. The information contained in this podcast does not constitute an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. The views and opinions expressed in this podcast are not necessarily those of EarthLabs Inc. ("EarthLabs") and its respective directors, employees, officers, agents, shareholders, or affiliates. EarthLabs is not providing any investment, financial, economic, legal, accounting, or tax related advice or recommendations in this podcast. EarthLabs makes no representations, warranties, or guarantees, whether express or implied, that the content in this podcast is accurate, complete, or up to date. Any and all liability is expressly disclaimed, and EarthLabs has no responsibility or liability whatsoever for the use of this podcast.   This podcast may include content provided by third parties. All statements and/or opinions expressed by third parties are solely the opinions and the responsibility of the person or entity providing those materials. Such materials do not necessarily reflect the opinion of EarthLabs. This podcast should not be copied, distributed, published, or reproduced, in whole or in part without the express written consent of EarthLabs.EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may, from time to time, buy and sell or otherwise effect transactions involving the securities of issuers which are featured or referenced in this podcast. Accordingly, EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may realize significant gains or losses as a result of any variation in the price of the securities of any such issuers. EarthLabs does not endorse or accept any liability for any investment in any issuer referenced in this podcast and expressly advises listeners to rely solely on their own counsel, accountants, and other similar expert advisors for legal, accounting, tax, investment and other similar advice.

Welcome back to Digging for Dollars — the first episode of 2026, and the market is already on edge.

Gold is sitting around $4,600, silver near $88, copper pushing $6, and the backdrop is pure protectionism. Tariffs, political pressure, supply chains tightening — and suddenly metals matter again.

Mat and Cejay break down:

- Why gold, silver, copper, and nickel are all ripping at once

- How developers are still trading at discounts to NAV

- Why near-term production and small CapEx projects are finally getting rewarded

- And how cash in the bank + a clear path to production is separating winners from stalled stories

They dig into:

Westhaven’s Dundee deal, Amex’s leverage to gold prices, Borealis and Sandman, Getchell’s strip-ratio reset, Idaho developers, copper’s resurgence in Minnesota and BC, and why capital availability — not hype — is what moves stocks.

0:00 – $4,600 gold, $6 copper & a world turning protectionist

3:30 – Developer discount shopping: NAV vs enterprise value

7:30 – Westhaven, Amex & why near-term production wins

14:00 – What breaks stagnant stocks: cash, confidence & timing

16:30 – Copper comes back: Minnesota, BC & critical metals

25:15 – Make or Break speed round: hits, misses & hard truths

Companies Mentioned:

$HYMC - HYCROFT MINING

$AMX - Amex Exploration Inc.

$TLO - TALON METALS CORP.

$WHN - Westhaven Gold Corp.

$BOGO - Borealis Mining Company

$GTCH - Getchell Gold Corp.

$FMAN - Freeman Gold Corp.

$MOG - Mogotes Metals Inc.

$CGNT - Copper Giant Resources Corp.

$DC.A - DUNDEE CORPORATION

$NFG - New Found Gold Corp.

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This podcast does not provide any investment, financial, economic, legal, accounting, or tax related advice or recommendations. The content in this podcast is not intended to amount to advice on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the contents of this podcast. The information contained in this podcast does not constitute an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. The views and opinions expressed in this podcast are not necessarily those of EarthLabs Inc. ("EarthLabs") and its respective directors, employees, officers, agents, shareholders, or affiliates. EarthLabs is not providing any investment, financial, economic, legal, accounting, or tax related advice or recommendations in this podcast. EarthLabs makes no representations, warranties, or guarantees, whether express or implied, that the content in this podcast is accurate, complete, or up to date. Any and all liability is expressly disclaimed, and EarthLabs has no responsibility or liability whatsoever for the use of this podcast.   This podcast may include content provided by third parties. All statements and/or opinions expressed by third parties are solely the opinions and the responsibility of the person or entity providing those materials. Such materials do not necessarily reflect the opinion of EarthLabs. This podcast should not be copied, distributed, published, or reproduced, in whole or in part without the express written consent of EarthLabs.EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may, from time to time, buy and sell or otherwise effect transactions involving the securities of issuers which are featured or referenced in this podcast. Accordingly, EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may realize significant gains or losses as a result of any variation in the price of the securities of any such issuers. EarthLabs does not endorse or accept any liability for any investment in any issuer referenced in this podcast and expressly advises listeners to rely solely on their own counsel, accountants, and other similar expert advisors for legal, accounting, tax, investment and other similar advice.

We’re closing the books on the year and ripping through what actually mattered. Mat’s in the flesh (no floating head this time), the vibes are strong, and we’re doing a full end-of-year rundown on markets, metals, and deal flow.

We talk what worked, what didn’t, and why junior mining finally feels alive again — real money moving, real deals getting done, and no shortage of chaos along the way. Gold, silver, market structure, and how we’re thinking about positioning as we roll into the next leg of this cycle.

0:00 – End-of-Year Kickoff: Mat in studio, market vibes, why this feels different

6:10 – From pain to momentum: how 2025 actually played out

12:45 – Junior mining wakes up: deal flow, financings & real money returning

20:05 – Gold vs silver: leverage, psychology, and where we’re positioned

28:30 – Lessons learned: mistakes, discipline & surviving dead markets

36:40 – What matters now: signals we’re watching heading into 2025

45:15 – Strategy talk: how to play the next leg without blowing yourself up

53:00 – Final thoughts: conviction, patience & staying in the game

Companies Mentioned:

Pirate Gold Corp. – $YARR

Hycroft Mining Holding Corporation – $HYMC

AMC Entertainment Holdings Inc. – $AMC

Sterling Metals Corp. – $SAG

Canadian Metals Inc. – $CME

Kirkland Lake Discoveries Corp. – $KLDC

Empire Metals Limited – $EEE.L

Amex Exploration Inc. – $AMX

Green Shift Commodities Ltd. – $GCOM

NOA Lithium Brines Inc. – $NOAL

Mega Uranium Ltd. – $MGA

Hannan Metals Ltd. – $HAN

New Found Gold Corp. – $NFG

Lithium South Development Corporation – $LIS

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This podcast does not provide any investment, financial, economic, legal, accounting, or tax related advice or recommendations. The content in this podcast is not intended to amount to advice on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the contents of this podcast. The information contained in this podcast does not constitute an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. The views and opinions expressed in this podcast are not necessarily those of EarthLabs Inc. ("EarthLabs") and its respective directors, employees, officers, agents, shareholders, or affiliates. EarthLabs is not providing any investment, financial, economic, legal, accounting, or tax related advice or recommendations in this podcast. EarthLabs makes no representations, warranties, or guarantees, whether express or implied, that the content in this podcast is accurate, complete, or up to date. Any and all liability is expressly disclaimed, and EarthLabs has no responsibility or liability whatsoever for the use of this podcast.   This podcast may include content provided by third parties. All statements and/or opinions expressed by third parties are solely the opinions and the responsibility of the person or entity providing those materials. Such materials do not necessarily reflect the opinion of EarthLabs. This podcast should not be copied, distributed, published, or reproduced, in whole or in part without the express written consent of EarthLabs.EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may, from time to time, buy and sell or otherwise effect transactions involving the securities of issuers which are featured or referenced in this podcast. Accordingly, EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may realize significant gains or losses as a result of any variation in the price of the securities of any such issuers. EarthLabs does not endorse or accept any liability for any investment in any issuer referenced in this podcast and expressly advises listeners to rely solely on their own counsel, accountants, and other similar expert advisors for legal, accounting, tax, investment and other similar advice.

This week on Digging for Dollars.We kick it off with Make or Break, chopping up the real drivers behind mining right now — Canada’s broken energy strategy, crypto vs gold, collapsing takeout premiums, and why billion-dollar deals barely move the needle anymore.Then Allen Sabet steps in, his team is actively drilling in the Vicuña District — the most exciting playground in copper right now. This is the same neighborhood that just printed multi-billion-dollar deals with Filo del Sol and Josemaria . Allen breaks down how his team locked up ground right on trend, why they pulled in $22.2M, and how modern geophysics now separates winners from tourists.0:00 – Make or Break: pipelines, crypto vs gold & the reset in billion-dollar mining deals11:13 – Why $1B takeouts don’t move markets anymore22:00 – Allen Sabet joins as drilling goes live23:22 – Inside the Vicuña District: ground next to $4.5B discoveries30:00 – $22.2M raise, drill strategy & weaponized geophysics36:37 – Dig This Deal: Nevada gold vault, Saudi VMS & ASX silver monsterCompanies Mentioned: SOUTHERN CROSS GOLD CONSOLIDATED LTD - $SXGCNew Found Gold Corp. - $NFGK2 Gold Corporation - $KTOGreenLight Metals Inc. - $GRLTALON METALS CORP. - $TLOBorealis Mining Company Limited - $BOGOHemlo Mining Corp. - $HMMCDISCOVERY SILVER CORP. - $DSVORLA MINING LTD. - $OLAFuerte Metals Corporation - $FMTBARRICK MINING CORPORATION - $ABXPirate Gold Corp. - $YARREarthLabs Inc. - $SPOTMogotes Metals Inc. - $MOG--------------------------------------This podcast does not provide any investment, financial, economic, legal, accounting, or tax related advice or recommendations. The content in this podcast is not intended to amount to advice on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the contents of this podcast. The information contained in this podcast does not constitute an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. The views and opinions expressed in this podcast are not necessarily those of EarthLabs Inc. ("EarthLabs") and its respective directors, employees, officers, agents, shareholders, or affiliates. EarthLabs is not providing any investment, financial, economic, legal, accounting, or tax related advice or recommendations in this podcast. EarthLabs makes no representations, warranties, or guarantees, whether express or implied, that the content in this podcast is accurate, complete, or up to date. Any and all liability is expressly disclaimed, and EarthLabs has no responsibility or liability whatsoever for the use of this podcast.   This podcast may include content provided by third parties. All statements and/or opinions expressed by third parties are solely the opinions and the responsibility of the person or entity providing those materials. Such materials do not necessarily reflect the opinion of EarthLabs. This podcast should not be copied, distributed, published, or reproduced, in whole or in part without the express written consent of EarthLabs.EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may, from time to time, buy and sell or otherwise effect transactions involving the securities of issuers which are featured or referenced in this podcast. Accordingly, EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may realize significant gains or losses as a result of any variation in the price of the securities of any such issuers. EarthLabs does not endorse or accept any liability for any investment in any issuer referenced in this podcast and expressly advises listeners to rely solely on their own counsel, accountants, and other similar expert advisors for legal, accounting, tax, investment and other similar advice.

This week on Digging for Dollars, Cejay Kim goes solo with Frederick Bell, CEO of Elemental Altus Royalties, right after announcing a billion-dollar merger with EMX Royalty Corp and the surprise arrival of Tether Investments as a cornerstone shareholder.They unpack how a stablecoin giant ended up backing a gold-royalty company, why the merger creates one of the world’s top-five mid-tier royalty players, and how Frederick built the business from a private startup to a global cash-flowing platform.From early uranium lessons to today’s precious-metals focus, Bell explains what it takes to grow in cycles, attract capital, and scale without dilution. They finish on the sector’s biggest question — can crypto money revive mining? — and how Elemental Altus plans to lead that next phase.0:00 – Frederick Bell joins: EMX Royalty merger & Tether as cornerstone investor 5:25 – From history degree to mining CEO: lessons from uranium & gold 10:45 – Building Elemental Altus: royalties, capital access & risk control 12:30 – Inside Tether’s move into gold & why royalties appeal to crypto capital 19:40 – Growth, leverage & how a $1 B platform scales with deep pockets 26:00 – Gold at record highs & new investors entering mining Companies Mentioned: Elemental Altus - $ELETRIPLE FLAG PRECIOUS METALS CORP. - $TFPMOR ROYALTIES INC - $ORWest Point Gold Corp. - $WPGPasofino Gold Limited - $VEIN#investing #Stocks #ResourceInvesting #Mining #Gold #Silver #CriticalMinerals --------------------------------------This podcast does not provide any investment, financial, economic, legal, accounting, or tax related advice or recommendations. The content in this podcast is not intended to amount to advice on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the contents of this podcast. The information contained in this podcast does not constitute an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. The views and opinions expressed in this podcast are not necessarily those of EarthLabs Inc. ("EarthLabs") and its respective directors, employees, officers, agents, shareholders, or affiliates. EarthLabs is not providing any investment, financial, economic, legal, accounting, or tax related advice or recommendations in this podcast. EarthLabs makes no representations, warranties, or guarantees, whether express or implied, that the content in this podcast is accurate, complete, or up to date. Any and all liability is expressly disclaimed, and EarthLabs has no responsibility or liability whatsoever for the use of this podcast.   This podcast may include content provided by third parties. All statements and/or opinions expressed by third parties are solely the opinions and the responsibility of the person or entity providing those materials. Such materials do not necessarily reflect the opinion of EarthLabs. This podcast should not be copied, distributed, published, or reproduced, in whole or in part without the express written consent of EarthLabs.EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may, from time to time, buy and sell or otherwise effect transactions involving the securities of issuers which are featured or referenced in this podcast. Accordingly, EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may realize significant gains or losses as a result of any variation in the price of the securities of any such issuers. EarthLabs does not endorse or accept any liability for any investment in any issuer referenced in this podcast and expressly advises listeners to rely solely on their own counsel, accountants, and other similar expert advisors for legal, accounting, tax, investment and other similar advice.

This week on Digging for Dollars, Cejay Kim and Mat Wilson break down the latest in Quebec gold consolidation, as Probe is acquired by Fresnillo — adding 10 million ounces and fueling the district-scale “hub-and-spoke” model in Val-d’Or. They debate valuation, premiums, break fees, and the tax math behind cash-only deals.

Then they welcome Simon Marcotte, former CEO of Northern Superior, fresh off a ~$375M sale to IAMGOLD. Simon shares the playbook behind repeated exits, how to structure companies for takeovers, and why Canada — especially Quebec and Ontario — is now the most strategic gold jurisdiction in the world.

0:00 – Quebec gold M&A continues: Probe–Fresnillo & district consolidation

3:48 – Deal mechanics: premiums, tax rollover & cash vs shares

11:04 – Guest intro: Simon Marcotte on Northern Superior’s sale

15:29 – How to build for exits: buyers, teams & timing

24:56 – Majors need ounces: reserve depletion & a new M&A cycle

29:28 – Dig This Deal: Westhaven, AuMega Metals, Amex

Companies Mentioned:

IAMGOLD CORPORATION - $IMG

Mines D'or Orbec Inc. - $BLUE

Northern Superior Resources Inc. - $SUP

FRESNILLO PLC - $FNLPF

Radisson Mining Resources Inc. - $RDS

TROILUS GOLD CORP. - $TLG

Cartier Resources Inc. - $ECR

Amex Exploration Inc. - $AMX

WALLBRIDGE MINING COMPANY LIMITED - $WM

LITHIUM AMERICAS CORP. - $LAC

Westhaven Gold Corp. - $WHN

AuMega Metals Ltd - $AUM

AGNICO EAGLE MINES LIMITED - $AEM

TRANSALTA CORPORATION - $TA

NorthIsle Copper and Gold Inc. - $NCX

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This podcast does not provide any investment, financial, economic, legal, accounting, or tax related advice or recommendations. The content in this podcast is not intended to amount to advice on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the contents of this podcast. The information contained in this podcast does not constitute an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. The views and opinions expressed in this podcast are not necessarily those of EarthLabs Inc. ("EarthLabs") and its respective directors, employees, officers, agents, shareholders, or affiliates. EarthLabs is not providing any investment, financial, economic, legal, accounting, or tax related advice or recommendations in this podcast. EarthLabs makes no representations, warranties, or guarantees, whether express or implied, that the content in this podcast is accurate, complete, or up to date. Any and all liability is expressly disclaimed, and EarthLabs has no responsibility or liability whatsoever for the use of this podcast.   This podcast may include content provided by third parties. All statements and/or opinions expressed by third parties are solely the opinions and the responsibility of the person or entity providing those materials. Such materials do not necessarily reflect the opinion of EarthLabs. This podcast should not be copied, distributed, published, or reproduced, in whole or in part without the express written consent of EarthLabs.EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may, from time to time, buy and sell or otherwise effect transactions involving the securities of issuers which are featured or referenced in this podcast. Accordingly, EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may realize significant gains or losses as a result of any variation in the price of the securities of any such issuers. EarthLabs does not endorse or accept any liability for any investment in any issuer referenced in this podcast and expressly advises listeners to rely solely on their own counsel, accountants, and other similar expert advisors for legal, accounting, tax, investment and other similar advice.

Denis is back on the pod as something snapped in the gold market. While the mainstream blames “retail panic” and “overbought conditions,” Crescat’s macro strategist Otavio “Tavi” Costa thinks we’re witnessing the quietest act of monetary warfare in decades — one led not by retail investors, but by central banks front-running a sovereign balance-sheet crisis.

In this episode of CrashLabs, we tear into:

- Why the U.S. Treasury may be secretly re-accumulating gold at 90-year-low reserve levels.

- How the West’s debt spiral and the AI-era infrastructure boom could ignite a hard-asset supercycle.

- Why “value investing” isn’t dead — it’s just been starved of real collateral.

- The coming rotation from ideas to tangibles: mining, oil, and energy as the new tech.

- How automation and AI will rewrite the cost curve of mining — and who actually wins when the robots arrive.

00:00 Intro — The return of Denis

02:00 Gold’s 90-year-low reserves and central-bank accumulation

09:03 How retail panic is misreading the signal

21:51 Oil as the ignored hedge

34:17 The illusion of institutional capital

49:32 The AI-to-mining capital rotation

56:51 The coming automation boom in resource extraction

1:12:43 Tavi’s rule for conviction investing

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Disclosure: The opinions and information shared by Tavi in this discussion are his own, and not necessarily those of Crescat. Any investments discussed may or may not be held by Crescat. Investments carry risk including risk of loss.

This podcast does not provide any investment, financial, economic, legal, accounting, or tax related advice or recommendations. The content in this podcast is not intended to amount to advice on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the contents of this podcast. The information contained in this podcast does not constitute an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. The views and opinions expressed in this podcast are not necessarily those of EarthLabs Inc. ("EarthLabs") and its respective directors, employees, officers, agents, shareholders, or affiliates. EarthLabs is not providing any investment, financial, economic, legal, accounting, or tax related advice or recommendations in this podcast. EarthLabs makes no representations, warranties, or guarantees, whether express or implied, that the content in this podcast is accurate, complete, or up to date. Any and all liability is expressly disclaimed, and EarthLabs has no responsibility or liability whatsoever for the use of this podcast.   This podcast may include content provided by third parties. All statements and/or opinions expressed by third parties are solely the opinions and the responsibility of the person or entity providing those materials. Such materials do not necessarily reflect the opinion of EarthLabs. This podcast should not be copied, distributed, published, or reproduced, in whole or in part without the express written consent of EarthLabs.EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may, from time to time, buy and sell or otherwise effect transactions involving the securities of issuers which are featured or referenced in this podcast. Accordingly, EarthLabs, its affiliates and/or their respective directors, officers, employees and agents may realize significant gains or losses as a result of any variation in the price of the securities of any such issuers. EarthLabs does not endorse or accept any liability for any investment in any issuer referenced in this podcast and expressly advises listeners to rely solely on their own counsel, accountants, and other similar expert advisors for legal, accounting, tax, investment and other similar advice.

This week on Digging for Dollars, Cejay Kim and Mat Wilson talk M&A, comps, and the state of Canadian gold after Iamgold’s $375 million takeout of Northern Superior. They break down ounce valuations from Quebec to the Yukon and why, even with $4,200 gold, developers are still trading at decade-old multiples.

Then they’re joined by David D’Onofrio, CEO of White Gold and long-time Power One executive. He walks through what’s happening in the Yukon, why the region’s geology and major partnerships (Agnico Eagle and Newmont) make it one of the last great gold frontiers, and how patience and capital discipline built a 3-million-ounce platform.

The team closes with Dig This Deal, trading picks from Freeman Gold to Big Ridge Resources and Sirios Resources — and one surprise Newfoundland developer that gets a full table dig.

Northern Superior Resources Inc. - SUP

IAMGOLD CORPORATION - IMG

Fuerte Metals Corporation - FMT

DISCOVERY SILVER CORP. - DSV

Carcetti Capital Corp. - CART

Fokus Mining - FKM

Emperor Metals Inc. - AUOZ

Maple Gold Mines Ltd. - MGM

Cartier Resources Inc. - ECR

FIRST MINING GOLD CORP. - FF

Westhaven Gold Corp. - WHN

FORAN MINING CORPORATION - FOM

CAPSTONE COPPER CORP. - CS

SOUTHERN CROSS GOLD CONSOLIDATED LTD - SXGC

New Found Gold Corp. - NFG

White Gold Corp. - WGO

LUNDIN GOLD INC. - LUG

Snowline Gold Corp. - SGD

AGNICO EAGLE MINES LIMITED - AEM

NEWMONT CORPORATION - ZEM

LITHIUM AMERICAS CORP. - LAC

Sterling Metals Corp. - SAG

KINROSS GOLD CORPORATION - K

#investing #Stocks #ResourceInvesting #Mining #Gold #Silver #CriticalMinerals

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