On April 25th, Newcore Gold (TSX.V:NCAU - OTCQX:NCAUF) released a maiden Preliminary Economic Assessment ("PEA") from the Enchi Gold project, in Ghana. Some of the key headline numbers include; 

• After-tax NPV5% of $371 million, after-tax IRR of 58% at $1,850/oz Gold, 

Luke Alexander, President and CEO of Newcore joins me to recap the PEA numbers and discuss what comes next in terms of catalysts for the Company. We also discuss valuation metrics.

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

Click here to read over the full news release announcing the PEA.

Kyle Floyd, CEO and Chairman of Vox Royalty (TSX: VOXR) (NASDAQ: VOXR), joins us to review their growth strategy for 2024, after a record 2023 in operational results, revenues, and cash flows on a per share basis from their portfolio of royalties.  We also outline a few partner project updates that represent deep longer-term value in their royalty portfolio.

We lead off with some of the points that Kyle made in their investor letter, released on April 25 titled “On the Path of Totality.”   In this annual letter to shareholders Kyle summed things up well with this passage:

“…much of North America has been caught up in the Total Solar Eclipse,with many people flocking to the narrow band of geography that lies on the Path of Totality. What caught my mind was a news article that expounded on the high costs of hotels at certain hot spots to watch the eclipse and the late-comers paying very high prices. The thing with solar events is that the right scientists and mathematicians can forecast these events with amazing accuracy decades and sometimes millennia in advance. In the last few months, more and more people have gotten caught up in the mania and paid a higher price for late planning and forecasting. In my personal life, career, and especially at Vox, I have always attempted to forecast and plan ahead. It’s something that our executive team also innately embraces and focuses on. Much more time is spent talking about tomorrow versus today because the returns generated today were paved by yesterday’s hard work. As a result, sometimes we have been early on our corporate strategy without immediate reward for what, similar to a total eclipse, can be readily calculated and expected well in advance. This is the phenomenon that I believe we are experiencing with our portfolio of royalties in Australia. The value that is readily apparent to us and can be forecasted with high confidence is not being valued appropriately at present, resulting in an opportunity for those willing to do the math in advance and make appropriate preparations.”

Expanding upon this premise, we have Kyle outline one of the assets in the Vox Royalty portfolio that was acquired last year that they see on this pathway to clear value - the royalty on Norther Star’s Red Hill mine.  Recent news released by Northern Start highlights a significant exploration and development update for the Red Hill gold project in Western Australia, with a 58% resource upgrade, a maiden reserve declaration, and further disclosure around development assumptions. Vox management estimates that this Red Hill gold royalty has the potential to generate approximately US$10 million in initial annual revenues, over a potential mine life that is still to be determined by Northern Star.   Kyle makes the point that this is a prime example of the kind of royalties the companies has focused on acquiring that provide solid returns on invested capital.

We wrap up discussing the health of the Company balance sheet, the optionality they have to make accretive acquisitions in the year ahead, and some ways of thinking about how to value their current portfolio of royalty assets.

If you have any follow up questions for Kyle and the team at Vox, then please email us at [email protected] or  [email protected].

• In full disclosure, Shad is a shareholder of Vox Royalty at the time of this recording.

Click here to visit the Vox Royalty website and read over the recent news releases.

This is the replay of the May 2nd webinar featuring Snowline Gold (TSX.V:SGD - OTCQB:SNWGF). Scott Berdahl, CEO of Snowline, joins me to discuss the regional exploration opportunities at the Company's projects in the Yukon, in the Tombstone Gold Belt.

We discuss target on the Rogue Property, outside of the Valley Discovery, and targets on other projects the Company holds.

The first webinar, on April 18th, Scott and I focused on the Valley Discovery. Click here to view the recording of that webinar.

Please keep sending me your questions as I will have Scott back on to continue this series of webinars and mix in some Company Updates on the back of news. My email address is [email protected].

Click here to visit the Snowline Gold website to learn more about the Company.

Welcome to The KE Report Weekend Show! After a week where we had a Fed meeting, jobs data and big tech earnings the markets didn't do much. So we take the approach in the first two segments on looking globally and at economic data to understand the key trends. Then we switch to resource stocks recapping M&A, financings and specific company opportunities.

• Segment 1 and 2 - Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc to Market joins me to recap the Fed meeting, jobs data, inflation trends, and global factors out of Japan and China. We also tie in the China trends with copper.

Doug Ramshaw, President of Minera Alamos (TSX.V:MAI – OTCQX:MAIFF), joins us for a comprehensive review of the Santa Mine operations and production expansion in 2024 in Sonora, Mexico; as well as the further derisking work going on, while awaiting the permits, at the Cerro De Oro gold development project in Zacatecas, Mexico.  

At Santana, the Company has completed plans to optimize the use of existing installed leach pad capacity to boost production on a go forward basis. As outlined in a February 22nd release, these plans involve mining and stacking of approximately 25,000 oz of gold over a 12-month period that will commence in May 2024 and should see a significant improvement in gold production relative to 2023 levels, beginning in Q3 and extending through to into 2025 before an expected normalizing of operations at Santana thereafter. Following the conclusion of planning with the Company's existing mine contractor, their operating fleet and infrastructure has been updated (mining and crushing) to suit the current mine plans for the Nicho Main pit. Blasthole drilling is underway with mining operations to follow.

The company is still advancing permitting, engineering, metallurgical work, geological, and other geotechnical work to continue to de-risk the Cerro de Oro Gold Project as it moves down the pathway into production as the Company’s second operating gold mine. Initial projections were for this mine to produce 60,000 ounces annually for 8+ years, but Doug also highlights the upside potential through exploration and resource expansion, as well as the leach pad capacity, where the goal is to see if the potential is there to eventually push production to upwards of 80,000 – 90,000 ounces per annum over more like 11-12 years. Engineering work continues to progress for Cerro de Oro in order to advance pre-development activities to coincide with the ultimate receipt of permits and a construction decision for the project.

Wrapping up, we also discussed the news about the recent acquisition of the Suaqui Verde copper project will allow the Company to start a series of internal engineering studies aimed at the best path(s) for the development of a regional copper developer/producer focused on low capital intensity copper projects. The combination of Los Verdes, Poteritos and Suaqui Verde allows for further consolidation of similar type assets that could form a regional copper production "hub" in the area where the Company already maintains a significant presence.

Please email us with any follow up questions for Doug regarding Minera Alamos. Our email addresses are [email protected] and [email protected].

• In full disclosure, Shad is a shareholder of Minera Alamos at the time of this recording. 

Click here to follow along with the latest news from Minera Alamos

On a week with the Fed meeting, jobs data and major tech earnings it's fascinating to see the market pretty much flat on the week. Joel Elconin, Co-Host of the Benzinga PreMakret Prep Show, is calling this market schizophrenic.

The markets started off the week by selling off only to be bought back on Thursday and Friday. The weak jobs data on Friday is being viewed as a bad news is good news event.

I ask Joel about the short term technical set up for the S&P. He shares a handful of stocks and sectors that are breaking out or simply in uptrends.

Click here to visit Joel's PreMarket Prep website to keep up to date with the stocks that catch his eye.

Andrew Thomson. President and CEO of Palamina (TSX.V:PA) joins me to discuss the drill plans and roadmap to drilling the Usicayos Project, in Peru.

The Company is cashed up, after receiving over $3.6million from Winshear Gold. Andrew explains the plans to drill 3,000-5,000 meters at the project. I ask about the type of deposit the Company is looking for and recap some of the recent action in the area out of Barrick Gold.

The Company also recently appointed a new V.P. Exploration, Alvaro Fernandez-Baca and new advisors, Hall Stewart and Jerry Blackwell. 

Click here to visit the Palamina website for more information on the Company and the Usicayos Project.

Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins me today to review how he is taking a more defensive posture investing in the general US equities, but seeing more capital rotate into commodity megatrends.  He is focused adding resource stock allocations in the cannabis, uranium, copper, palladium, small-cap oil, and gold sectors. For each sector, we review the technical price action of the underlying commodities, the supply/demand fundamentals of those markets, and then drill down into the types of resource stocks that have Sean’s attention.   It’s a nuanced discussion where we weave in both the macroeconomic data and geopolitical effects of global trade, to assess the economic health and market expectations around future Fed rate cuts.

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

Click here to learn more about Resource Trader

Chen Lin, Editor of What Is Chen Buying? What Is Chen Selling? joins me to discuss why he is bullish copper, silver and gold.

On the copper and silver front, Chen points to a range of demand factors he thinks will drive prices much higher. I also have Chen explain the types of copper and silver stocks he is liking. For copper he is starting to move down to the juniors (some for political reasons). For Silver he is looking at the small silver producers that could finally be making money at these higher silver prices.

Click here to visit the Chen Picks website to learn more about Chen's newsletter.