The KE Report

In this KE Report Daily Editorial, we’re joined by Brien Lundin, Editor of Gold Newsletter and host of the New Orleans Investment Conference (Nov. 2–5), to discuss the powerful rally across precious metals and the historic wave of financings sweeping through the junior mining sector.

Key Discussion Highlights:

Click here to learn more about the New Orleans Investment Conference on November 2-5. 

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Investment disclaimer:

In this KE Report Company Update, Jon Deluce, President and CEO of Abitibi Metals (CSE:AMQ - OTC:AMQFF - Frankfurt:4KG), provides an update on the B26 Copper-Gold Deposit in Quebec’s Abitibi region, where the company is delivering some of its strongest results to date.

Key Highlights:

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

Click here to visit the Abitibi Metals website.  

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Gwen Preston, VP of Communication at West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins us and fields a wide array of questions and detailed discussion with updates on underground operations, capital allocation projects, and exploration updates during the ongoing ramp-up towards commercial production at their 100% owned Madsen Mine.  Madsen is located in the Red Lake Gold District of Northwestern Ontario, Canada.   We also review the upcoming exploration strategy nearby at their secondary PEA-stage Rowan Project.

In Q3 the Madsen Mine produced 35,700 tonnes of ore at an average grade of 5.4 grams per tonne gold. The mill poured 7,055 ounces of gold. Note that mined and poured ounces do not align because of factors including month end timings and gold in circuit. Those ounces were sold at an average price of US$3,456 per ounce for gross proceeds of CAD$33 million.

This compares to 5,260 ounces of gold poured in Q2 for gross proceeds of CAD$24 million and 496 ounces of gold in Q1 for gross proceeds of CAD$2.1 million. Q3 gold production represented a 34% increase over Q2 gold production, a rate that positions Madsen to reach targeted output levels early in 2026.

Mined ore tonnage is increasing month over month, within the variability of mine ramp up. Increasing daily mined tonnage is the primary ramp-up factor at Madsen, so the Company is pleased to report ore tonnage rising consistently.

 Mined waste development is also progressing as planned, as crews drive access to new areas for drilling and mining. Importantly, as of mid-September mined waste is now being stored largely underground. The underground waste rock storage program is a key de-bottlenecking effort recently in effect and is directly supporting the mine’s ability to move ore tonnes. In the second half of September the mine moved over 1,000 tonnes of ore per day on several days, including a record day moving 1,400 tonnes. This new ability to store all waste rock underground, which has shifted trucking capacity away from waste haulage to ore haulage, bodes well for production.

Gwen outlines that the Company currently has a few more areas of focus to execute on over the next few months before declaring commercial production; including:

At this point commercial production is targeted for Q1 2026. Gwen reiterates that when the management team and board have the confidence to announce everything is working as it should at the mine and mill at close to targeted levels, that the move into commercial production should also mean the Company is comfortably generating revenues at that point.

Next, we discussed the exploration strategy at both the nearby Rowan Project and the blue sky potential in many areas around Madsen.  Gwen points to drill results announced October 9th that were drilled from the 12 Level in the Madsen Mine at approximately 600 meters (“m”) depth and demonstrate the potential for discovery of additional high-grade lenses of gold mineralization in the main Austin Zone very similar to those that have already been delineated in the South Austin zone during 2025. This Lower Austin Zone will continue to be a key focus of drilling for the remainder of 2025.

If you have any follow up questions for Gwen or the team over at West Red Lake Gold, then please email us at either [email protected]  or [email protected].

Click here to follow the latest news from West Red Lake Gold Mines

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Investment disclaimer:

In this KE Report Company Update, we’re joined by Craig Nicol, Founder and CEO of Graphene Manufacturing Group (TSX.V:GMG - OTCQX:GMGMF), for a detailed discussion on the company’s recent developments - from patent milestones to global product rollout plans and revenue growth strategies.

Key Discussion Highlights:

Thermal XR Patent Approval (Australia):

Expanding Global Reach:

Go-to-Market Strategy:

Revenue Outlook:

Upcoming Catalysts:

Please keep the questions coming! Email me at [email protected].

Click here to visit the GMG website to learn more about the Company.

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In this KE Report Pre-Market Daily Editorial, we’re joined by Dave Erfle, Founder and Editor of The Junior Miner Junkie, to discuss one of the rarest events in the silver market - backwardation, where spot traded above futures by nearly $3 last week - as silver held firm above $50 and gold stayed above $4,000/oz.

Historic Silver Setup:

Structural Deficit and Demand Shift:

Gold at $4,000 and Investor Psychology:

Miners’ Margins Exploding:

Best Opportunities Now:

Why M&A Is Lagging:

Macro Tailwinds Remain:

Stocks / ETFs Mentioned:

Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter. 

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Investment disclaimer:

Michael Oliver, CEO and founder of Momentum Structural Analysis, joins us to share how he sees the technical momentum setup in silver, gold, precious metals stocks, copper, oil, the Bloomberg commodities index, US general equities, and bonds.

We start off getting his technical outlook silver, where Michael is pounding the table here that silver is going to make a crazy move higher and in less time than people are expecting.  He stated, “It’s white knuckles time,” and likens this period to where silver was in 1979 and 2010 before big sudden moves higher.  He believes a move over $100 in the next 6 months is probable, and it could go as high as $200; the inflation-adjusted high for silver.

Michael reminds listeners that silver has not kept up with the decay of the monetary unit of fiat currency debasement, like gold has and that it has made a mistake.  As a result, it is really going to catchup to where it should have moved more suddenly than most are expecting and then enter a new reality at a much higher level.

With regards to gold, it has kept up better with the decay in the monetary units, and this is what will keep sending it higher, not geopolitics or flash in the pan fear events.  Those play a part, but the loss of fiat purchasing power is what is ultimately been moving gold higher since becoming unpegged from the dollar many decades ago.  “Currency debasement is the fuel in the tank of the monetary metals.”

Michael is not expecting an imminent correction in silver and gold, and believes we’ll see one in a few more months at the end of the year or beginning of next year; but that will precede an even bigger leg higher in the monetary metals.

He is not as animated by the potential in copper, and feels while it could double from here, it won’t be anything as fast or as pronounced as what we see play out in silver.  As a general outlook, he expects that copper, and other base metals, and oil to stay more in alignment with the more gradual catchup move higher that we’ll see play out in the Bloomberg commodities index. He anticipates the commodity indexes to get more in alignment with the moves in gold, which we have not seen in a very long time.

Michael postulates that when the US bonds and general equities markets really start to roll over, that a portion of investors will rotate funds into gold, silver, and the PM equities.  He believes there will be a shocking loss of confidence in the bonds and US stocks, and that capital flows and rotation into gold and silver will put more fuel onto the upward price pressure already underway.

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Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Click here to follow along with Michael Oliver’s analysis

Rauno Perttu, CEO and Chairman of Provenance Gold (CSE:PAU) (OTCQB:PVGDF), joins us for a comprehensive exploration update on the Eldorado Gold project in eastern Oregon; across both their Eldorado West and Eldorado East claim block areas.  We also get into Oregon as a mining jurisdiction and dispel some common misconceptions.

Eldorado West is where most of the historic work and modern exploration work has been completed, and it hosts a historical resource estimate of 1.98 million oz at 0.75 g/t gold, with ~22,000 meters (m) of historical drilling. On October 8th the Company announced the first step-out drilling results from the Herman Area of its Eldorado West gold project, significantly expanding the potential scale and scope of gold.

Highlights from these step-out holes:

Drill holes ED27 and ED28, the first holes completed in the newly permitted Herman Area, are located 730 meters south of recently reported hole E26; and intersected broad, pervasive intervals of strong gold mineralization from surface. These 2 holes also identified a new mineralized contact zone between the host sedimentary rocks and the diorite which is shallow-dipping, laterally extensive, and projects south, west, and northwest of ED27 and ED28.  The company will continue stepping out in future drilling to test the limits of the system before then working on validating and expanding the historic resources.

Eldorado East now includes the recently acquired 5,867 acres where there is ground-work, sampling, and drill permitting underway and is expected to be ready to drill by Spring 2026.  There are historical resource estimates at Sunday Hill with roughly 170,000 oz at 23.15 g/t gold and the Randall Mine area with roughly  50,000 oz at 8 g/t gold.

We then shift the conversation over to common investor misconceptions about mining and mineral development in eastern Oregon, and some of the permitting progress being made by other nearby companies in that part of the state with local stakeholders and the government.

Wrapping up we shift to the financial health of the company to execute on their immediate work initiatives, and how things could even be expanded more rapidly moving into next year.

The estimates mentioned within are considered to be historical in nature, should not be relied upon, and is provided only for historical context on development of the property. A Qualified Person has not completed sufficient work to classify the historical estimate as a current mineral resource, and it predates current CIM (Canadian Institute of Mining, Metallurgy and Petroleum) categories. Provenance is not treating the historical estimate as a current mineral resource or reserve. Significant data compilation, redrilling, resampling and data verification will be required by a qualified person before the historical estimate can be classified as a current resource.

If you have any follow up questions for Rauno about Provenance Gold, then please email us at [email protected] or [email protected].

Click here to follow the news at Provenance Gold

In this Daily Editorial, we are joined by Jim Tassoni, CEO of Armored Wealth Strategies, for his monthly trader’s perspective. Jim is a momentum trader, and this month’s discussion focuses on the broad commodity rally - from gold and silver’s powerful uptrends to renewed strength in copper and uranium - as well as why energy markets remain laggards.

We cover:

Stock & ETF Symbols Mentioned:

Click here to visit the Armor Wealth Strategies website to keep up to date with Jim and what he’s trading.

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Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to recap the Nordic Funds and Mines conference last week in Stockholm, Sweden and some of the resource companies that stuck out to him with attractive catalysts on tap to build future value.

We start off discussing the key takeaways from the conference with regards to the quality of the event, the various metals in focus, investor sentiment, and some of the silver and gold companies where he sees an attractive value proposition.

Erik highlights a precious metals producer with expansion potential and an antimony credit, a PM developer with a potential permitting catalyst along with exploration upside, and true grassroots exploration story in the Golden Triangle, funded for a compelling drill program next exploration season.

 >> The companies we discuss in this interview are:

Click here to follow Erik’s analysis over at The Hedgeless Horseman website

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Investment disclaimer:

We’re joined by TG Watkins, Director of Stocks at Simpler Trading and editor of Profit Pilot, for a breakdown of Monday’s sharp market rebound following Friday’s China-driven selloff. TG shares how his Moxie Indicator helped flag the correction in advance, why volatility was flashing warnings, and how he’s now positioning into the next phase of this bull market.

Key topics discussed:

Stocks / ETFs Mentioned:

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