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July 15Dakota Gold – Richmond Hill 2026 Drill Program Completed, Results Will Inform Upcoming PFS In Q4, and 2027 FS, Maitland Drilling Has Commenced
Jack Henris, President and COO, and Shawn Campbell, CFO of Dakota Gold (NYSE American: DC), both join me for a visual exploration and development update on their Richmond Hill Oxide Heap Leach Gold Project; located in the historic Homestake District of South Dakota, near existing mining infrastructure. We review all the drill results from 2025 and 2026 that will be incorporated into the upcoming resource estimate and Pre-Feasibility Study (PFS) in Q4, and the timeline of key development studies that will feed into updated Feasibility Study economics in 2027. We also highlight the upcoming drill program at their Maitland Gold Project, which will lead into a maiden resource estimate.

We start off with Shawn reviewing the existing site and regional infrastructure advantages along with the resources at Richmond Hill that were defined in prior years drilling, while Jack outlined the key economic metrics as outlined in the existing SK-1300 Internal Assessment of Cash Flow (IACF). 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.

The 2026 Drill Campaign is now complete, and it totaled 17,273 meters of infill, expansion, and geotechnical drilling across 112 holes. Results from the 2025 and 2026 drill campaigns at Richmond Hill are being incorporated into a Pre-Feasibility Study (“PFS”) in the fourth quarter of 2026.
The exploration team has been encouraged by the series of solid results from the northeast expansion drilling, which continues to identify higher-grade zones that complement the large heap-leachable resource at Richmond Hill.
This data will support an updated mineral resource estimate, refine the geo-metallurgical model, and deliver a single optimized mine plan with sequencing.
Jack highlighted that the results being intercepted in the Northeast Project area contain much higher grades than the average overall resource grade. These results have encouraged their team to consider trade-off studies for the upcoming Pre-Feasibility Study (PFS), to potentially access these higher-grade areas in the first several years of mining.
These trade-off studies that will factor into the upcoming PFS will be analyzing the fine-tuning of the project economics around the grade optimization, mine optimization, amount of material processed, and run-of-mine streamlining.

Supported by their $107 million cash position as of March 31, 2026, Shawn pointed out that this strong capital position has allowed the Company to announce that they’ve secured the electrical substation build slot and are advancing engineering, site layout, and operational readiness along the project’s critical path. These workstreams will go above and beyond reporting reserves in 2026 PFS, and metallurgical test results and engineering studies will then inform the Feasibility Study to be completed in the first half of 2027.

Shawn reviews the maps of where the key site build-out will go on the private land, but also highlighted the potential to expand the Richmond Hill Project out beyond into the forest service lands in the fullness of time. There was information shared that there is also opportunities in the future for the sulphide material underneath the oxide material at Richmond Hill.

Wrapping up, Jack shares that the drill program for this year just got underway at the Maitland Gold Project, with 5,578 meters (18,300 feet) planned over 44 holes.
The goal of this infill drilling, when combined with historic drill results, will be to define a maiden resource for the Tertiary-aged Unionville gold Zone.
There may be some additional work into the JB Gold Zone which has iron formation mineralization similar to the Homestake Mine style of gold mineralization.

If you have any questions for Jack or Shawn regarding Dakota Gold, then please email those to me at [email protected].
In full disclosure, Shad is a shareholder of Dakota Gold 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 Dakota Gold

Click here to view the YouTube Version of this interview:

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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.
38 min
July 14Capella Minerals - Exploration Update From Killero East & West: Drill Results & Drilling Starting
In this Company Update, I am joined by Eric Roth, President and CEO of Capella Minerals (TSXV: CMIL / OTCQB: CMILF), to discuss the company’s latest exploration advancements across northern Finland under their earn-in joint venture with Tümad. Eric shares critical insights from the recently completed winter drill program at the Killero East project, detailing what the high-grade copper mineralization and newly defined structural corridors mean for the system's overall scale. He also introduces the newly launched diamond drilling program at Killero West, where the team is actively targeting promising new gold-copper anomalies.
Key Topics Discussed:
Killero East Drill Results: What the high-grade copper, silver, and zinc intervals reveal about a potentially larger massive sulfide system.
Killero West Diamond Drilling Launch: Insights into the targets and goals behind the newly initiated scout drill program in northern Finland.
Tümad Earn-In Joint Venture Update: Where Capella stands with its Year 1 funding and drilling commitments under the joint venture.
Regional Pipeline Progress: An overview of upcoming results and permitting progress across the Company’s project portfolio. .

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

Click here to visit the Capella Minerals website to learn more about the Company.

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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.
12 min
July 14 Erik Wetterling – Navigating The Summer Doldrums In Precious Metals Stocks By Focusing On Companies With Compelling Catalysts
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to for a conversation around how he is navigating this low pricing, low sentiment, low news, and low volume Summer Doldrums period in his portfolio. This includes how he is approaching advanced developers versus earlier stage developers, and the spectrum of different gold and silver exploration companies.

We start off discussing the overall sector sentiment is mirroring the bearish metals and miners pricing backdrop. This is also evidenced in the very low volume levels in trading the last couple months from the large producers and sector ETFs all the way down to the junior PM stocks. There has not been nearly as much newsflow as anticipated across the space, where some companies have either sat on some news or scaled down their anticipated work programs.

Erik discusses how he is still animated by companies that have work catalysts that can impact their valuations and create alpha in the sector, and prefers those over more mature companies that have work programs that may only move the needle incrementally, and get stuck moving with sector beta and metals price direction.

* 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

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.
23 min
July 13Criag Hemke - Busy Week Ahead: Inflation Data, Fed Testimony
In this Monday Daily Editorial, we sit down with Craig Hemki, Founder and Editor of the TF Metals Report, to discuss the ongoing search for a bottom in precious metal, amidst low overall sentiment. Craig outlines the heavy slate of US economic data and high-profile central bank commentary on the horizon that could break the current trend.
The conversation highlights several critical factors shaping the markets this week:
Upcoming Inflation Indicators: How the latest CPI and PPI prints could alter current expectations for rate hikes and impact real interest rates.
Humphrey-Hawkins Testimony: A look at what the upcoming Federal Reserve testimony before Congress means for market direction and future monetary policy.
Monthly Treasury Statement: A breakdown of the latest fiscal data, deficit spending numbers, and the long-term implications for bond yields and debt servicing.
The Copper vs. Precious Metals Divergence: A compelling comparison explaining why copper remains resilient near all-time highs while gold and silver struggle to find near-term momentum.

Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.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.
22 min
July 11Weekend Show - Dana Lyons & Marc Chandler - Metals Seasonality Vs Technicals, US Dollar Strength Vs Central Bank Diversification
This weekend's The KE Report Weekend Show provides a deep dive into the technical layout of the commodities sector and the shifting dynamics of the global currency markets. In two insightful segments, fund manager Dana Lyons shares his rigorous technical perspective on precious and red metals, while currency expert Marc Chandler breaks down recent dollar strength and the structural changes in global central bank reserves.
Segment 1 & 2 - Dana Lyons, a fund manager and editor of the Lyons Share Pro, kicks off the show to discuss how seasonality, political cycles, and chart trends impact various financial markets. Dana provides a comprehensive technical analysis, sharing a bearish short-term outlook for precious metals and copper while explaining why his models remain structurally bullish on general equities despite a recent leadership rotation into health care, financials, and small-cap stocks.
Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services - https://lyonssharepro.com/
Segment 3 & 4 - Marc Chandler, Managing Partner at Bannockburn Global Forex and editor of the Marc to Market website, joins the show to analyze global currency trends, specifically examining the fundamental drivers behind recent U.S. dollar strength. He also highlights the gradual shift in central bank reserves away from the dollar toward gold and alternative currencies like the Australian dollar, while discussing how recent political developments in Europe are impacting the market.
Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.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:
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.
48 min
July 10Magna Mining – Q2 Operations, Key Strategic Investment Brings in C$140M Expediting The Development of Both The Levack and Crean Hill Mines
Jason Jessup, CEO and Director of Magna Mining (TSX: NICU) (OTCQX: MGMNF), joins me for a review of Q2 operations at the McCreedy West Mine and the expedited development pathway for the Levack and Crean Hill mines located in Sudbury, Ontario. We also unpack the C$140 Million Strategic Investment by Alpayana, coming in as a new 19.9% stakeholder.

Q2 Operational Highlights:
As of June 26, 2026, McCreedy West had shipped 91,724 tons of ore from the 700 Copper Zone to Vale Base Metals’ Clarabelle mill in Sudbury, with four days remaining in the second quarter. This surpasses the 84,953 tons of ore produced in the fourth quarter of 2025 and represents a new quarterly record for McCreedy West under Magna ownership.
The average grade of the 66,445 tons of ore shipped during April and May is 3.55% copper equivalent (“CuEq”), based on the commodity prices assumed in the Company’s 2026 production and cost guidance. Final assays are pending for ore shipped in June but average grades for Q2 are anticipated to be near the upper end of the full year guidance range.
Underground development at McCreedy West during the quarter is anticipated to exceed 2,350 feet, also a record under Magna ownership.
McCreedy West has achieved a Total Reportable Injury Frequency Rate (“TRIFR”) of 0.0.
Numerous pieces of well-maintained underground equipment have been acquired from a nearby Sudbury operation that is moving into a state of closure for a total price of less than $1 million, well below market rates for equivalent used or new equipment. This equipment will be repurposed for use at the Company’s Levack Mine and to support other Magna projects in the Sudbury Basin with potential savings expected to be in the range of $9-12 million.

On July 6, 2026, the Company announced a non-brokered private placement financing with Alpayana S.A.C. to purchase 62,222,222 common shares of the Company at a price of C$2.25 per Share for aggregate gross proceeds of approximately C$140,000,000. At closing of the Offering, Alpayana is expected to hold approximately 19.9% of the issued and outstanding shares of Magna. Jason unpacked how the transaction came together, the shared values and business approaches between the 2 companies, and how this capital accelerates a dual-track development of both Levack and Crean Hill into commercial production by 2028.

The Company is planning to release a Preliminary Economic Assessment (“PEA”) for the Levack Mine in parallel with work to re-establish ore and waste hoisting capabilities during Q3. At present those economics will not include the high-grade drilling completed to date at the R2 Footwall Zone. We reviewed the continued high-grade drill results across copper, nickel, platinum, palladium, gold, and silver in more recent assays returned from the ongoing exploration and development work at the Levack Mine. Jason highlights that a development drift is being implemented to support ongoing underground exploration of this area, for the potential of future implementation into development plans.

Next we review the ongoing workstreams for Crean Hill that will be feeding into the upcoming PFS later this year. He notes that the significantly higher precious metals today compared to back in 2022 will be a factor that plays into the updated economics, and maps out that the ramp up into production could commence as early as H2 2027.

We wrap up discussing that the prior-producing Poldosky Mine and the development-stage Shakespeare Project are still both permitted assets of merit and will feed the development cue as mines number 4 and 5 further down the road.

Click here to follow along with the news at Magna Mining

If you have questions for Jason regarding Magna Mining, then please email me at [email protected].
In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time.

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.
29 min
July 09Joel Elconin - Valuations vs Momentum, Political Seasonality vs Economic Data
In this Daily Editorial, we chat with Joel Elconin, co-host of the Pre-Market Prep Show and founder of the Stock Trader Network, to dissect a shifting market landscape where classic tech leaders are taking a backseat to broader sector growth and what actually drives markets between valuations, momentum, seasonality, and economic data.
Key Discussion Points:
The Reality of Market Breadth: Discover why a widening market rarely signals a major top and what the rotation out of mega-cap tech means for the broader indices.
The AI CapEx Dilemma: Explore whether the massive infrastructure spend by hyper-scalers is finally hitting a wall of "too much compute" or if efficiency gains are just beginning.
Earnings and Valuation Disconnects: Examine the tension between strong fundamental earnings and growing street skepticism over future sustainability.
The Power of Momentum Over Macro: Learn why technical price action and underinvested market participants continue to override traditional economic warning signs.

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/

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
July 09Sean Brodrick – Investing Outlook on the Gold Sector, Oil Sector, and A.I. Datacenter Buildout
[Recorded July 7, 2026] Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to discuss his investing outlook across multiple resource and energy sectors in the current macroeconomic environment. He shares how he is managing his portfolio as it relates to gold, gold stocks, oil, oil stocks, A.I. Stocks, and those infrastructure stocks adjacent to the massive A.I. datacenter buildouts.

The conversation kicks off around the precious metals sector, noting that the extreme selling pressure and downside momentum has stalled and that we did see a recent small bounce in gold and gold stocks off their lows since the middle of last week.
Sean acknowledged the bear market price action in gold and gold stocks since the tops in late January and February to present, and would like to see the PMs just quit going down and stop making lower lows.
We discussed the growing number of calls for entering a more a bullish period of seasonality, where the PM sector often bottoms in late July into early August.
Sean has been nibbling a little bit on quality PM producers into the overall sector correction, such as Aura Minerals (NASDAQ: AUGO), but ultimately wants to see more follow-through strength and a definitive break up out of the bearish downtrend, before getting more aggressive in adding to new positions.
He is constructive on the upcoming Q2 earnings, where producer margins were still very robust, even despite the higher energy inputs for the quarter. Now with oil prices down very close to levels before the war started, he’ll also be reviewing carefully the forward guidance from companies as it relates to projected costs for Q3.

Next we dove further into the WTI oil price movements into the $70s, and how that may play into current opportunities in the energy stocks, along with expectations around Fed policy.
Sean his hanging on to his energy stocks for now, especially if they have solid fundamentals at these current prices, and pay a good dividend.
He sees the markets as having become very tilted to overly hawkish expectations from Kevin Warsh’s comments on price stability in lieu of rising inflation concerns.
It’s possible that we may see 1 token rate hike from the Fed later in the year, but then it’s more likely to see neutral to dovish policies take back over, especially if energy prices stay in the $70s or low $80s and inflation moderates.

Sean weighs in on the narratives circulating about the potential overspend and over-commitment from big tech companies into the AI datacenter buildout.
Sean already exited profitable positions in the semiconductor chips, and recently pulled a 2nd wave of profits in most of the companies he held in his portfolio exposed to the infrastructure buildout of AI data centers, like Sterling Infrastructure, Inc. (NasdaqGS: STRL).
He notes several large mega-cap tech companies like Meta and Google now renting out some of their A.I. capacity as sign of an overbuild in compute; and draws parallels to the overbuild of fiberoptic cable during the dotcom bubble of the late 1990s into the internet stock crash in 2000-2001.
The rise of China’s less costly and equally efficient A.I. platforms pose a threat to domestic tech companies and may temper any further advances.
He points to the dangerous trends of previously cashflowing tech companies pivoting from profitability to now taking on massive amounts of corporate debt to keep building more compute capacity.
Sean outlined that there needs to be a market rationalization for how much further compute capacity and infrastructure buildout is actually needed, and that this industry may be out over its skis at this point.

Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends
.
Click here to learn more about Resource Trader

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.
22 min
July 08 BP Silver – Phase 2 Drilling Has Begun At Select Targets – Soil Sampling Assays Pending – MAG Survey To Commence This Month
Tim Shearcroft, CEO and Co-Founder of BP Silver Corp. (TSX.V: BPAG) (OTCQB: BPSCF), joins me for an exploration update now that the 2,000-meter Phase 2 drill program has begun at the Cosuño Silver Project in Bolivia. This Phase 2 drilling forms part of a broader ~8,000 m diamond drilling campaign anticipated for 2026.

The Phase 2 drill program is designed to test the broader scale potential of the Cosuño lithocap-hosted hydrothermal system and build on the positive results of the Company's Phase 1 drill program; and will comprise approximately 20 to 24 diamond drill holes. The first drill hole is currently following up on high-grade silver mineralization intersected at the Pocañita Chica target, where discovery drilling returned 5 m grading 600.40 g/t silver, including 1 m grading 1,655 g/t silver.

We then discuss the series of other exploration workstreams that will be commencing over the next couple months, such as: the MAG Survey, IP Survey, more mapping and sampling. Together, these datasets are expected to improve significantly the Company’s understanding of the geometry, continuity, scale, and tenor of the vein and breccia systems across Cosuño.

Once this new data gets incorporated into the geological model, then it will lead into prioritizing the targets for the 6,000 meter Phase 3 drill program later this year. Tim also highlighted that Pocañita Grande will be getting its maiden drilling during the Phase 3 program, now that they have been developing roads and site access to this important target.

Click here to follow the latest news from BP Silver Corp

If you have any questions for Tim regarding BP Silver, then please email those into me at [email protected].

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.

14 min
July 07Dave Erfle - Precious Metals Rebound, Seasonality & Cyclicality, & What News Will Matter For The Stocks?
In today’s Daily Editorial, we chat with Dave Erfle, the founder of the Junior Miner Junky, to break down the latest price action in the precious metals sector. With gold and silver emerging from a multi-month pullback, Dave shares his technical outlook, major support thresholds, and the historical cycles keeping long-term investors grounded. This episode features an overview of key market indicators and sector ETFs, including GDX and GDXJ.
Here is a glimpse of the key discussion points covered in this episode:
Precious Metals Rebound: An analysis of the short-term trading rebound in gold and silver, highlighting the crucial psychological support levels currently holding the line.
Historical Market Analogues: Why the recent multi-month correction structurally resembles key cyclical moments from 2008, and what this pattern implies for the broader secular bull market.
Central Bank Accumulation: A look at the macro drivers keeping fundamentals strong, spearheaded by historic bullion purchasing from global central banks.
Junior Sector Catalysts: How a shifting corporate landscape and an upcoming deluge of junior mining news flow, including drill results, and economic studies could shake the sector out of its summer doldrums.

Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.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.
22 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…