The KE Report

In this KE Report company update, Simon Dyakowski, President & CEO of Aztec Minerals (TSX.V:AZT - OTCQB:AZZTF), provides the latest results from the ongoing drill program at the Tombstone Property in Arizona. The discussion covers:

With two rigs on site and drilling continuing through the fall, investors can expect steady news flow as Aztec targets both shallow oxide and deeper sulfide mineralization.

Please email me any questions you have for Simon. My email address is [email protected]. 

Click here to visit the Aztec Minerals website.

Figure 1: Tombstone 2025 RC Drilling Plan Completed to Date

Markets continue to grind higher despite negative headlines, weak breadth in certain areas, and seasonal headwinds. Dana Lyons, Fund Manager & Editor, The Lyons Share Pro joins us to discuss what his models are signaling, why sentiment is flashing short-term caution, and where he still sees strong opportunities.

Key Discussion Points:

Takeaway: Multiple bull markets - stocks, commodities, cryptos, and select global markets—are in play. The trend is your friend, but sentiment and seasonality suggest tactical patience before adding aggressively.

Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services.

David Wolfin, President and CEO, and Nathan Harte, CFO of Avino Silver and Gold Mines (TSX:ASM – NYSE:ASM), both join me for a video review of the key metrics and takeaways from the record Q2 2025 financials and operations.  Then we take a deeper dive into the future grade-driven growth from the development of the La Preciosa Mine, slated to have initial production begin ramping up in Q4 of this year. 

Second Quarter 2025 Financial Highlights (compared to Q2 2024)

2nd Quarter Operating Highlights (Compared to Q2 2024)

La Preciosa Update

Blasting and construction of the relatively short 360 meter San Fernando main access decline is underway, and equipment mobilization has been swift, allowing development to advance on plan. The new jumbo drill is working on this ramp as it progresses toward intercepting the Gloria and Abundancia veins.

Wrapping up we cover the Company’s 5-year production growth plan, to become a Mexican intermediate silver producer, with the development of both the La Preciosa Project in 2025 leading to meaningful production growth in 2026 and 2027, and then the Tailings Project augmenting production and costs starting in 2028.

If you have any follow up questions for David regarding Avino Silver and Gold then please email me at [email protected].

Click here to follow the latest news from Avino Silver and Gold Mines

John Rubino, [Substack https://rubino.substack.com/ ], joins us for a wide-ranging discussion on the macroeconomic factors driving the hard assets higher, but then we vector in specifically on opportunities in the gold, silver, PM producers, and royalties stocks, and the moves higher on the back of strong earnings reports.

We start off reviewing the big pops higher in the shareprice reactions to many gold and silver producers after reporting their Q2 earnings. Despite the accepted narrative about the efficient markets having already priced in the higher metals PM prices to the producers’ valuations, we still saw the market get an upside surprise from how lucrative the past quarter was, sending many stock prices up higher in the high single-digits or double-digits in percentage terms.   John points out that this is because so many generalists are still not really paying that close of attention to this sector, and thus were caught off-guard by the earnings, and business improvements being made by these producers with growing cashflows.

One of the challenges, while also being a potential opportunity to attract future momentum investors is that generalists have remained distracted the last few months by continuing to pile into the mega-cap tech stocks, like Nvidia, or speculating in the recent mania that pushed Bitcoin and the cryptocurrencies to higher levels. If those generalist sectors seeing the capital flows should start to top out and roll over, then that would open up a larger audience of generalist investors looking to rotate money into other sectors, and the continued revenues in the PM mining stocks would gain wider appeal. 

He also reviews that even though we’ve seen more interest from generalists in accumulating the gold and silver physical-based ETFs, that we still won’t see the larger accompanying influx of momentum traders into the mining stocks until we see more continuous quarters of solid revenue generation; making the sector too hard to ignore.  That pattern of multiple consecutive quarters of earnings growth will inevitably show up on more and more scans for market sectors showing outperformance, and this will attract new entrants into the space.

Even if gold and silver prices were to stay around similar levels and keep channeling sideways, John outlines that we’ll still see the mining stocks improve and strengthen their businesses by using their growing revenues and cash flows to pay down any debt, buy back shares of their stock, increase their dividends, or make accretive acquisitions.

 In addition to gold and silver producers, we review that the precious metals royalty companies have been seeing consecutive quarters of record revenues and cash flows and they have also been continuing their multi-year trend to higher valuations. John discusses the strengths of the royalty and streaming business model, and discusses some of the recent M&A transactions within the sector.

Wrapping up we pivot over into the fundamentals of industrial and investor demand behind the upward pricing trajectory of silver the last couple years, and that it appears to be a trend that will have higher to go.  John highlights how this is such a small sector compared to most other market sectors, and that it won’t take much capital coming into silver or the silver equities to move them up in a significant way.

Click here to follow John’s analysis and articles over at Substack

Joel Elconin, co-host of the PreMarket Prep Show and founder of the Stock Trader Network, joins the KE Report to discuss how markets shrugged off a hotter-than-expected Producer Price Index (PPI) print and why big tech continues to lead the charge.

We break down:

Follow Joel: PreMarket Prep Show  - Stock Trader Network

Bob Archer, President & CEO of Pinnacle Silver & Gold (TSX.V:PINN - OTC:PSGCF - FSE:P9J) joins us to discuss the oversubscribed ~C$1.7M financing and how it will accelerate work at the El Potrero Project in Mexico.

Bob outlines the immediate plans for these funds, including:

We also discuss the company’s strategy to generate cash flow quickly, leverage existing processing infrastructure, and pursue additional acquisitions to grow into a multi-mine operator. Bob highlights the balance between minimizing shareholder dilution and advancing toward production in a challenging financing market.

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.

In this KE Report update, Tara Christie, President & CEO, and Duncan MacKay, VP of Exploration at Banyan Gold, provide a deep dive into the company’s newly developed geological model for the AurMac Gold Project. This technical discussion highlights how the updated model is reshaping Banyan’s resource definition, exploration strategy, and potential investor appeal.

Key Discussion Points:

With over 100 holes drilled this year and only a fraction of results released, Banyan anticipates a news-rich fall season. The combination of high-grade growth, strong financial positioning, and proximity to producing mines could position AurMac as a key asset in potential M&A activity.

Questions for Tara or Duncan? Email [email protected] and we may address them in an upcoming follow-up.

Click here to visit the Banyan Gold website.

Glenn Jessome, President & CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joins me to review the news released this morning announcing the preliminary results from its 2025 Summer Exploration Program on the prospective Northern Veins, located 2 kilometers North of the historic El Tigre Mine.  This news also outlines the initial exploration plans to test several undrilled greenfield areas on the Southern Veins on its 100% owned, silver-gold El Tigre Project located in Sonora, Mexico.

The Northern Vein Area has over 10 kilometers of combined strike length confirmed by surface mapping and sampling, drilling and the presence of underground workings mainly on the Fundadora, Protectora and Caleigh Veins. This area is considered brownfields with 15% of the mapped strike of veins being drilled. These veins are the faulted offset of the El Tigre Mine Veins and exhibit the same structure, mineralogy, grades, orientations, strike length and width (1-2 metres) as the well-defined El Tigre Mine Veins that account for bulk of the Corporation's Mineral Resource Estimate. Current exploration work on the Northern Veins, consists of mapping and sampling both surface and historic underground workings to define drill ready targets for Q4-2025.

The Southern Veins which includes Lluvia de Oro, La Mancha and El Toro is considered greenfields with veins striking for over 10 kilometers and no drilling ever conducted on this area. This prospective area is evidenced by historic workings and high-grade channel sampling. The El Toro, Lluvia de Oro and La Mancha Veins are hosted in the El Tigre Formation, a permissive formation that is the host for the Stockwork Zone, which is the basis of the Company's PFS.  There is ongoing mapping and sampling at these Southern Veins, with drilling slated to begin in early 2026.

We wrap up recapping all the exploration, development, and derisking work that is going into the upcoming imminent Preliminary Economic Assessment (PEA) for the underground mine. The team at Silver Tiger has been compiling the last 5 years of work delineating the 113 million ounces of silver equivalent resources in the high-grade veins, shale, and sulphide zones underground portion of El Tigre, the metallurgical studies, and engineering work to be able to release the PEA by month’s end. This report will center around the already permitted underground scenario utilizing an 800 tonnes-per-day (tpd) mill, and focusing on the initial first 10 years of mine life.

If you have any follow up questions for Glenn regarding Silver Tiger Metals, then please email them into me at [email protected].

Click here to follow the latest news from Silver Tiger Metals

In this KE Report interview, I speak with Greg McCunn, President & CEO of Great Pacific Gold (TSX.V:GPAC - OTCQX:FSXLF - FRA:V3H), for an in-depth introduction to the company, its flagship assets, and upcoming catalysts.

Key Highlights:

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

Click here to visit the Great Pacific Gold website.

In this update, Mike Burke, Director and VP of Corporate Development at Sitka Gold, joins me to share the latest drill results from the Rhosgobel area of the RC Gold Project. Following last week’s discussion, Sitka has released two more standout holes, including:

Mike details how drilling has now traced over 900m of strike length, intersected visible gold in 16 holes, and continues to expand east-west, with future potential to step out north-south. He explains how soil geochemistry, oriented drill core, and geophysics are layered together for targeting, and why Rhosgobel could add significant ounces to the overall resource base alongside the Blackjack and Eiger deposits.

We also touch on:

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

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