Segun Lawson, President and CEO of Thor Explorations (TSX.V: THX) (AIM: THX) (OTC: THXPF), joins me for a review of Q3 2025 operations and production metrics from its Segilola Gold mine, and for the Company’s ongoing exploration and development programs in Nigeria, Senegal and Cote D’Ivoire.

Segilola Q3 2025 Financial Highlights

Segilola Operational Highlights

Segilola Exploration

Douta Project – Senegal

Cote D'Ivoire exploration projects

If you have any questions for Segun regarding Thor Explorations, then please email them into me at [email protected].

Click here to follow the latest news from Thor Explorations

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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 company update, we welcome back Colin Padget, President and CEO of Founders Metals (TSX.V:FDR - OTC:FDMIF - FSE:9DL0).

Colin discusses the details behind the recent $50 million strategic investment from Gold Fields and the company’s acquisition of an additional 36,000 hectares at the Antino Gold Project. The conversation covers the technical collaboration with Gold Fields and the company's shift toward a district-scale exploration approach, prioritizing the identification of multiple mineralized centers over immediate resource definition.

Key Discussion Points:

If you have any follow up questions or topic you would like Colin to address please email me at [email protected]. 

Click here to visit the Founders Metals website

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In this Stock Talk episode, I welcome back Quinton Hennigh, CEO of San Cristobal Mining, for a concise and insightful update on where genuine exploration value is emerging in today’s metal markets.

Key Discussion Highlights

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In this KE Report Company Update, Stephen Soock, VP of Investor Relations & Development at Heliostar Metals (TSX-V:HSTR - OTCQX:HSTXF - FSE:R0G1), breaks down a busy month of news across financials, operations, and exploration.

Key Discussion Highlights:

Please email me at [email protected] with any follow up questions for Stephen. 

Click here to visit the Heliostar Metals website to learn more about the Company

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Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins me for a wide-ranging discussion on the sentiment shift and technical outlook on gold, silver, copper, the tax loss selling seasonal trade from now into Q1,  valuations in different stages of companies, and a number of value propositions in related resource stocks.

We start off unpacking the shift in sentiment since the October highs in the precious metals, while noting that the current prices continue to stay well above $4,000 gold and $50 silver is creating some interesting trades over the medium-term.  We discuss how money has rotated down the risk curve from the producers and quality developers into the optionality plays, advanced explorers, and discovery-stage exploration companies, but many are now well off their recent highs.  This brings up the topic of what kind of tax loss selling season we are going to see this year in precious metals stocks, where seniors are well in the green and yet there are some junior explorers that may be in the red from where people bought them.

Next we dive into the copper market, the dichotomy between copper producers and copper juniors, and review potential opportunities in the explorers and developers.  We review that US states like Idaho, Nevada, and Arizona or Canadian provinces like British Columbia or the Yukon still remain go-to jurisdictions for copper companies. Robert highlights Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) as a case study for a copper explorer that has made a meaningful discovery, and yet it is a tax loss selling candidate that he believes has a compelling value proposition at current prices.

Wrapping up we briefly touch upon US administration tailwinds and supply/demand imbalances that make critical minerals another area of opportunity.  Robert mentions that Fireweed Metals (TSXV: FWZ) (OTCQX: FWEDF) and Talon Metals (TSX: TLO) (OTC: TLOFF) have compelling projects that may receive some more government funds or less restrictive permitting hurtles to aid in their expedited development.

Follow Robert’s analysis on Substack

https://ceo.ca/@goldfinger

Click here to follow Robert on X/Twitter

https://www.youtube.com/@GoldfingerCapital/videos

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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.

Dr. Robert Quartermain, Co-Chairman, Director and CEO of Dakota Gold (NYSE American: DC), joins me for an exploration and development update from their Richmond Hill Oxide Heap Leach Gold Project. He also outlines the long-term optionality of their Maitland Gold Project.  Both projects are located in the historic Homestake District of South Dakota, near existing mining infrastructure. 

Richmond Hill is one of the largest undeveloped oxide gold resources in the United States being advanced by a junior mining company, with over 6 million ounces of gold and over 60 million ounces of silver moving along the pathway of development into heap leach production as soon as 2029. M&I plan identifies 168.3 million tonnes at a grade of 0.566 grams per tonne gold (“g/t Au”) for a total of 2.6 million ounces produced over a 17-year life of mine. MI&I plan identifies 273.7 million tonnes at a grade of 0.530 g/t Au for a total of 3.9 million ounces produced over a 28-year life of mine. Principle Projects are on Private Land which equates to a positive attribute for efficient permitting with State and County organizations.

On November 19th, assay results from 26 drill more holes were reported as part of the ongoing 2025 drilling campaign at the Richmond Hill Project, including the first assays from expansion drilling in the northeast corner of the Project.

Highlights from this update include:

Expansion and infill drill holes in the northeastern corner of the Project area are intersecting significantly higher-grade gold than the average resource grade including RH25C-278 intersecting 1.75 grams per tonne gold (g/t Au) over 19.9 meters (35 gram meters) and RH25C-295 intersecting 2.15 g/t Au over 30.0 meters (65 gram meters). The expansion drilling surrounding the area has the potential to add to the resource based on prior drilling and current resources in the area, and is only limited by drilling and remains open.

Metallurgical drill holes across the northern Project area continue to intercept high-grade gold, de-risking the Project and providing greater confidence in the resource including RH25C-270 intersecting 2.26 g/t Au over 29.2 meters (66 gram meters) and RH25C-288 intersecting 4.15 g/t Au over 14.5 meters (60 gram meters). The metallurgical drilling results demonstrate the low-risk nature of the deposit with widespread mineralization.

Drilling continues to confirm high-grade gold mineralization in the northern portion of Richmond Hill, supporting the Company's plan to prioritize initial mining in this area. Dakota Gold currently has two drills operating on site and expects to complete approximately 27,500 meters (~90,000 feet) of drilling during the 2025 campaign.

Robert highlights how these robust gold and silver resources, site infrastructure, and low cost project economics, point to a low-cost, long-life mining operation that can deliver high margins and generate meaningful revenues.  He points out how the higher grade mineralization in the northeast corner may accelerate the economics and shorten the payback period outlined in the SK 1300 Initial Assessment with Cash Flow earlier this year.

With the metallurgical drilling for the 2025 campaign now complete, the company is advancing heap leach column testing and looks forward to sharing those results as they are completed.  The company is rapidly advancing its Richmond Hill project toward eventual surface heap leach gold operation as soon as 2029. Building on the robust IACF, ongoing exploration, metallurgical tests, and derisking workstreams will be incorporated into the Feasibility Study planned for completion in early 2027, with construction starting in 2028 and first production targeted for 2029.

At the Maitland Gold Project the Company is currently assessing the exploration data collected to date from the JB Gold Zone and the Unionville Zone with the intent of outlining an initial inferred gold resource. The work is expected to be completed in the fall of 2025. To date the JB Gold Zone has encountered a number of high-grade intersections which average 10.76 g/t Au over 4.0 meters.

If you have any questions for Bob Quartermain regarding Dakota Gold, then please email those in to me at [email protected].

Click here to follow the latest news from Dakota Gold

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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.

Jason Jessup, CEO and Director of Magna Mining (TSX.V: NICU) (OTCQX: MGMNF), joins us to unpack the key takeaways from the recently announced Resource Estimate for the Levack Mine and the development pathway into production as their second polymetallic mine  located in the North Range of the Sudbury Basin, Canada. 

Levack Mineral Resource Estimate Highlights (as of August 31, 2025, the cut-off for diamond drill data incorporated in the MRE):

We also review the continued series of high-grade copper, nickel, platinum, palladium, gold, and silver drill results released in recent assays from many areas of the Levack Mine after the cutoff for this resource update that are continuing to expand the mineralization.  Jason got into some of these areas like the No.1 to No. 2 Main area, the  Morrison Footwall Cu-PGE deposit, the Keel Zone, and the footwall environment between the No.2 and No. 3 Ni-Cu Zone.  There are currently two surface diamond drills operating at the Levack Mine, one completing three shallow infill and metallurgical drill holes on the Main Ni-Cu Zone in support of the Levack Restart Study, and a second drill exploring the footwall environment between the No. 3 Ni-Cu Zone and the Morrison Footwall Cu-PGE Deposit,

Jason shares more context on why the exploration and engineering teams are getting quite excited about this R2 Target at the Levack Mine, and after more drilling, it may change the anticipated sequence of the mine restart plan that the team is still working on.  The team is also reviewing the potential for bringing hoisting back to Levack in a development scenario. He mentioned that this new resource estimate paired with ongoing drilling at newer discoveries like R2 at Levack would be instructive for how they approach the mine restart plan moving into next year.

Wrapping up we widened the scope beyond just the currently producing McCreedy West mine, and upcoming development of the Levack Mine into a production decision next year, to other assets like their Crean Hill, Podolsky, and Shakespeare development projects, that showcase the company ambitions to become a multi-mine producer in the Sudbury Basin. 

If you have questions for Jason regarding Magna Mining, then please email me at [email protected].

Click here to follow along with the news at Magna Mining

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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 KE Report Daily Editorial, I am joined by Daryl Fletcher, Managing Director of Commodities at Bannockburn Capital Markets, for a fast-moving review of energy, precious metals, and base metals as markets cool into December.

Key Discussion Highlights

Click here to learn more about Bannockburn Capital Markets

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Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the dichotomy between gold and silver stock fundamentals versus market reactions based on investor sentiment; which is oscillating quite a bit in both directions over the last 2 months.

We review how the sentiment and investor reaction towards company financings has changed a great deal over the last few months.  Now upsized financings, like the one we saw announced for Silver Viper Minerals Corp. (TSXV: VIPR) (OTCQB: VIPRF) for $15 million, are having positive reactions after the news is released; instead of it being a reason to sell the stock down.  

Next we discussed what kinds of other resource sector news is getting the best reactions or most traction from the market, from fundamental milestones to merger and acquisition transactions.  Erik highlights that he often likes to search for sector news that may still be impactful for juniors that  he is positioned in, even if the news is not directly associated with a given company.

He highlights the news out today from Hecla Mining (NYSE: HL) focused on exploration at their Midas Project as potentially also beneficial to Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) exploring nearby in their JV with Newmont Gold.

“Hecla Mining Company today announced exploration results from its Midas Project in Nevada, where initial drilling of the previously untested two mile long Pogo Trend has discovered high-grade gold mineralization with visible gold on a new structure. Exploration success at the Midas gold-silver project in Nevada is validating the potential to restart operations at significantly lower capital intensity than comparable development projects, given the existing permitted 1,200 tpd mill and permitted tailings storage facility that remains substantially empty. With the foundational infrastructure already in place and permitted, Nevada's supportive regulatory environment could facilitate timely permitting of additional requirements, positioning Midas as a low-capital-cost opportunity to expand the Company's production profile in a world-class mining district. The Company also reported the advancement of Aurora exploration permitting to FAST-41 Transparency status.”

* In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording. 

Click here to visit Erik’s site – The Hedgeless Horseman

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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.

Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins me for an operations update at the Mustang Mine, and to review the November 10th announcing the signing of binding terms for an Ore Purchase Agreement with Ocean Partners UK Ltd for up to 1,500 tonnes per day (tpd), including a US$25 million revolving credit facility for use develing their 100% owned Bralorne Gold Project in British Columbia.

The Company has confirmed with Ocean Partners that it will begin shipping gold bearing material in January 2026. A 60-day notice of termination of the milling agreement with Nicola Mining Inc. has occurred, but ore will be shipped to the Craigmont Mill through year end.

Production at the Mustang mine has been sourced mostly from in-vein development from the 1090, 1105 and 1120 levels and production stoping from the stopes between the 1060 and 1075 levels. Planned production in the fourth quarter 2025 will be sourced from stopes between the 1075 and 1090 and the 1090 and 1020 levels. Terry also reviews their operations team’s accelerated development of the Lower Mustang decline which will allow access to the 1045 and 1030 levels below currently accessible areas.

We review as things continue ramping up, how the amount of ore mined will move from 250-300 tpd at present expanding up to 500 tpd next year. Then the plan is to increase mining from more areas including from Bralorne West to increase operations to 750-1,000 tpd about 2 years out. Then further out the initiative is to put in a second portal into the historic Pioneer mining area to access the Olympus Mine to the southeast of the Mustang Mine, moving throughput up to the eventual target of 1,500 tpd.

Additionally, we explore how the process will being upgrading the ore on site utilizing ore-sorting technology beginning next year. This ore-sorting will allow for shipping higher-grade material, with less associated waste, making it even more economical to be shipped to Ocean Partners.

Updated resources and an economic study will be released over the next few months, outlining some of these concepts in more detail. Wrapping up we discuss the key milestones and news on tap for the balance of this year and heading into the first half of 2026.

If you have any follow up questions for Terry regarding Talisker Resources, then please email me at [email protected].

Click here to follow the latest news from Talisker Resources

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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.