The KE Report

By KE ReportBusiness Investing

The KE Report episodes

August 20Joel Elconin - Assessing Bond Market Intervention, Healthcare Strength, and Gold Stock Technicals
In this Daily Editorial, we are joined by Joel Elconin, Co-Host of the PreMarket Prep Show and Founder of the Stock Trader Network, to break down major macro shifts and technical setups shaping the broader markets.
Treasury Market Intervention: Why the Treasury's aggressive long-term bond buybacks may be signaling rising stress rather than solving structural fiscal pressures.
The Death of 60/40 & Modern Yield Realities: How massive corporate debt issuance and high equity returns are altering traditional asset allocation.
Biotech Mania & Algo-Driven Volatility: A breakdown of the explosive price action in Moderna and how algorithmic trading amplifies single-day swings.
Healthcare Sector Resilience: What the sustained relative strength in healthcare ETFs signals about underlying defensive sector rotation.
Gold & Silver Miners at Resistance: Technical levels to watch on the junior gold mining ETF as it tests critical moving averages and gap-fill zones.

Stocks & Tickers Mentioned: Moderna (MRNA), NVIDIA (NVDA), Microsoft (MSFT), Health Care Select Sector SPDR Fund (XLV), VanEck Junior Gold Miners ETF (GDXJ), Tesla (TSLA).

Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/

Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/

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For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
19 min
August 20Brien Lundin - Treasury Intervention and Surging Gold Equities
In this Daily Editorial, we welcome back Brien Lundin, Editor of Gold Newsletter and host of the New Orleans Investment Conference, to dissect the latest macroeconomic catalysts driving the precious metals complex. Brien breaks down why recent Treasury actions reveal underlying market friction and how a shifting fiscal landscape is reigniting long-term momentum for gold, silver, and mining equities:
Treasury Bond Buyback Dynamics: Why the Treasury's move to double its long-dated bond purchases signaled yield control to the market and sparked an immediate rally across precious metals.
The Reality Behind Hawkish Rhetoric: How runaway deficits, mounting debt service costs, and basic fiscal math ultimately limit the Federal Reserve's ability to maintain high interest rates.
The Debasement Trade Returns: Why mainstream attention is rotating back to currency debasement and what this means for broader generalist capital flows into the resource sector.
Mining Equity Leverage & Seasonality: Insights into the strong summer rebound across precious metals equities, the leadership shown by major producers, and the setup for downstream junior outperformance.
High-Conviction Exploration Plays: A look at active summer drilling programs and recent updates from emerging exploration companies.

Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/

Click here to learn more about the New Orleans Investment Conference on October 28-31. - https://neworleansconference.com/korelin/

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For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
18 min
August 20EraNova Metals - Recapping the Adanac PEA: Project Scale, Valuation Gaps, and Strategic Partners
In this Company Update, I chat with Meredith Eades, President and CEO of EraNova Metals Inc. (TSXV: NOVA | OTCQB: STXPF), to review the key results and strategic implications of the recently released Preliminary Economic Assessment (PEA) for the Adanac Molybdenum Project in British Columbia. Meredith shares insights on the project economics, the multi-phased roadmap to advance the asset, and the company's plan to close the market valuation gap:
Robust Project Economics and Commodity Leverage: A breakdown of the key PEA metrics, including an after-tax NPV of C$714 million and a 23.5% IRR at base case prices, and how the project expands near C$1.3 billion at current spot levels.
Addressing the Valuation Gap and Funding Strategy: How management plans to tackle the initial capital expenditure through staged development, non-dilutive critical mineral grants, strategic partnerships, and offtake agreements.
De-Risked Foundation via Historic Work: Why having 93% of the resource already classified as Measured and Indicated, combined with past engineering and permitting data, accelerates the timeline directly toward a Feasibility Study.
Broader Exploration Upside and Near-Term News: An overview of upcoming catalysts, potential streaming or DSO opportunities at the Atlin Discovery precious metals targets, and early feedback from industry participants.

Click here to visit the EraNova website to learn more about the Company - https://www.eranovametals.com/

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For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
15 min
August 20Onyx Gold - 110,000m Drill Program Update: Expanding the Argus Gold System & New Discoveries
In this Company Update, we sit down with Brock Colterjohn, President and CEO of Onyx Gold Corp. (TSX-V: ONYX | OTCQX: ONXGF), to review the latest drill results and ongoing exploration across the company’s flagship Monroe-Croesus Project, located just east of Timmins, Ontario. Brock outlines how ongoing drilling continues to expand mineralization and connect multiple target zones into a cohesive, district-scale discovery.
Progress on the 110,000-Meter Drill Program: A look at completed meterage, the volume of pending assays, and the operational cadence driving systematic expansion across the property.
Evolution of the Argus Gold System: How recent drilling and drone magnetic surveys are tying together Argus North, Main, and West along the prolific 8-kilometer Pipestone corridor.
High-Grade Spots within Bulk Mineralization: The strategic implications of intersecting near-surface high-grade structures within broad mineralized envelopes for future mining optionality.
Testing Regional Targets Across Consolidated Ground: The exploration potential surrounding the historic, high-grade Croesus Mine and newly identified structural targets across the 112 km² land package.
Resource Timeline and Treasury Strength: Onyx Gold’s strategic road map toward a potential maiden resource estimate, recent 100% claim ownership consolidations, and the current cash runway.

Click here to visit the Onyx Gold website - https://onyxgold.com/

Please email me with any follow up questions for Brock. My email address is [email protected].

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For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
18 min
August 20Sitka Gold - Court Approves 100% Acquisition of Clear Creek Property & 7-Drill Exploration Update
In this Company Update, I am joined by Mike Burke, Director and Vice President of Corporate Development at Sitka Gold Corp. (TSX-V: SIG | OTCQB: SITKF | FSE: 1RF). We discuss the news out today announcing the court approval for the accelerated purchase of the Clear Creek property, fully securing 100% ownership. Mike walks us through the transaction, the financial terms, and how exploration is progressing on the ground with seven active drills.
Key Discussion Points:
Court Approval for 100% Clear Creek Ownership: Insights into the accelerated cash purchase agreement, consolidating key ground at the RC Gold Project.
Royalty Terms & Strategic Optionality: A breakdown of the 5% NSR royalty, the buy-down mechanism to 2%, and Sitka’s right of first refusal.
Fully Funded Cash Position: How recent warrant exercises positioned the company to settle the acquisition entirely in cash without equity dilution.
7 Drills Turning Across Core & Target Zones: An exploration update on the ongoing 60,000 meters with a focus on the Rhosgobel expansion, Pukelman, and Eiger/Saddle targets.
Assay Turnaround and News Flow Outlook: What investors should expect regarding laboratory timelines and steady assay results leading into year-end.

If you have any follow up questions for the team at Sitka Gold please email me at [email protected].

Click here visit the Sitka Gold website to learn more about the Company - https://sitkagoldcorp.com/

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For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
12 min
August 20Pinnacle Silver & Gold - Unpacking Initial Underground Drill Results at the El Potrero Project
In this Company Update, we welcome back Bob Archer, President and CEO of Pinnacle Silver and Gold (TSX.V: PINN | OTCQB: PSGCF | Frankfurt: P9J), to discuss the maiden round of assay results from the ongoing underground drill program at the past producing El Potrero Project in Durango, Mexico. Bob explains how drilling from historical underground workings provides critical data and outlines how these high-grade intercepts fit into the broader near-term production strategy.
Key Discussion Points:
The Underground Drilling Advantage: Why closely spaced, multi-angle drilling from existing workings offers cost-effective precision and structural insight that surface drilling cannot replicate.
Initial Assays and Visible Gold: A look into the high-grade gold and silver intercepts, including mineralization along strike and the role of visible gold.
Phased Results and Assay Logistics: How drilling at the Pinos Cuates workings and portal areas is being systematically completed and released in batches.
Expanding Strike and Production Path: How the underground results effectively double the known strike length and set the stage for upcoming surface delineation and mine planning.

Please email me with any follow up questions you have for Bob - [email protected].

Click here to visit the Pinnacle Silver and Gold website to learn more about the company and read over the recent news

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For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
11 min
August 19Miata Metals - Suriname Gold Explorer: 25,000M Drill Program, High-Grade Discoveries, La Mancha New Strategic Shareholder
In this Company Introduction, we are joined by Jaap Verbaas, CEO and Director of Miata Metals Corp. (TSXV: MMET | OTCQB: MMETF | FRA: 8NQ). Jaap provides a comprehensive introduction to the company's district-scale exploration assets in Suriname, led by the flagship Sela Creek Gold Project and the strategically located Nassau Project. Major drilling underway, new discoveries emerging, and strong backing from new strategic investors.
Strategic Location & Belt-Scale Geology: An overview of Sela Creek’s position along the highly underexplored Guiana Shield, mirroring the prolific gold endowments of West Africa's Birimian belt.
25,000m Drill Campaign: How ongoing drilling is expanding discoveries at the Jons Trend and Big Berg zones, pointing toward a significant continuous gold system.
Testing High-Priority Exploration Targets: A look into new scout drilling and step-out targets across the property supported by the addition of a third rig.
Strong Balance Sheet & Strategic Validation: Insights into the recent $25M+ financing, an 18-month lockup from cornerstone investor La Mancha, and upcoming near-term assay catalysts.

Any follow up questions for Yaap? Email Shad or I at [email protected] & [email protected].

Click here to visit the Miata Metals website - https://miatametals.com/

----------------------------
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
21 min
August 19Firefox Gold - Mustajärvi & Sarvi Drilling Updates: Upcoming Resource Estimates & Discovery Potential
In this Company Update, I welcome Carl Löfberg, CEO of Firefox Gold (TSX-V: FFOX | OTCQB: FFOXF | FSE: FIY), to discuss ongoing exploration and drilling activities across the company’s gold projects in the Central Lapland Greenstone Belt of Finland.
Mustajärvi Drilling Expansion: Overview of the recently completed 14,000-meter drill program, how it exceeded initial planning, and what the initial expansion results indicate for the upcoming maiden inferred resource.
Targeting Beyond the Core Zones: Details on scout drilling and newly tested exploration zones across Mustajärvi, including the Central Zone and Triangle Target.
Sarvi Follow-Up Exploration: Progress following high-grade intercepts drilled earlier in the year, along with the geophysics and structural modeling guiding the next exploration phase.
Upcoming Catalysts and Steady News Flow: Expectations for pending assay results and how the company prioritizes capital across its portfolio while maintaining steady drill activity.

Any further questions for Carl or the team at Firefox? Email me at [email protected].

Click here to visit the Firefox Gold website to learn more about the Company - https://www.firefoxgold.com/

----------------
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
13 min
August 18Banyan Gold - High-Grade/Bonanza Gold Results, Resource Expansion, and 2026 Exploration Progress at AurMac
In this Company Update, I chat with Tara Christie, President and CEO of Banyan Gold Corp. (TSX-V: BYN | OTCQB: BYAGF), to discuss recent bonanza grade drill results and provide a progress update on the 70,000 meter drill program at AurMac and regional targets in the Yukon.
Bonanza-Grade Drill Intercepts at Powerline North: An overview of recent assay results from hole AX-26-874, delivering exceptional high-grade gold near the surface in an area previously categorized as unmineralized.
Geological Modeling and Resource Expansion: How the updated lithological framework is unlocking targeted high-grade zones between existing deposits and reshaping future strip ratios.
Exploration Progress Across the 70,000-Meter Campaign: A status update on active drilling across AurMac and regional targets at the Nitra property, including initial findings and assay turnaround expectations.
Long-Term De-Risking and Economic Catalysts: The strategic shift toward resource conversion, infill drilling at depth, and preparation for future economic and engineering studies.

If you have any follow up questions for Tara please email me at [email protected].

Click here to visit the Banyan Gold website - https://banyangold.com/

----------------------
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
10 min
August 18Versamet Royalties – Record Metrics From Q2 Earnings, Royalty and Streaming Partner Updates, Growth Into 2027
Paul Jones, President of Versamet Royalties (TSX: VMET) (NASDAQ: VMET), joins me to outline the key record metrics from the Q2 earnings released on August 13. Paul reiterates that the Company is well on track to achieve their 2026 production guidance of 20,000 to 23,000 gold equivalent ounces. The portfolio of assets generated over $47 million in revenue in the first half of the year, which positions Versamet well to pursue accretive acquisitions, while maintaining a disciplined approach to deploying capital.

Q2 2026 Financial Highlights
Revenue of $23.7 million, an increase of 392% over Q2 2025.
Record attributable gold equivalent ounces (“GEOs”) of 5,255, an increase of 256% over Q2 2025.
Operating cash flow before working capital changes of $19.5 million, an increase of 506% over Q2 2025.
Net income of $4.9 million, an increase of 2,781% over Q2 2025.
Record adjusted EBITDA of $18.8 million, an increase of 747% over Q2 2025.

Q2 2026 Corporate Highlights
Acquired a cornerstone 3.52% existing gold stream, on the Eskay Creek gold-silver project, operated by Skeena Resources, located in British Columbia, Canada. This materially enhances the near-term growth profile, and gold equivalent ounce production for 2027 and beyond.

Paul reviewed a few of the key cornerstone royalty and streaming assets, and outlined their solid operating partners in the field. Additionally, he highlighted several organic growth catalysts on tap over the next year, including the completion of the Rosh Pinah expansion, the Eskay Creek production commencing, the first gold production at Toega and Cuiú Cuiú. The company anticipates annual attributable production run rate in 2027 to increase to approximately 35,000 GEOs.

Click here to follow the latest news from Versamet Royalties

For more market commentary & interview summaries, subscribe to our Substacks:

The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
20 min

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The KE Report provides exclusive interviews with fund managers, newsletter writers, technical and fundamental analysts along with sub $10 billion market cap stocks. Interviews are published daily…