The KE Report

In this Company Update, we are joined by Ryan O’Regan, CEO of Getty Copper (TSX.V: GTC | OTCQX:GTCDF), to discuss the ongoing progress and exploration momentum across the company's copper assets in south-central British Columbia. Ryan provides an overview of the recently completed spring drill program, discusses the near-surface high-grade intercepts received to date, and outlines the strategic plan for upcoming catalysts across the property package.

Spring Exploration Success: How the company completed over 10,800 meters of drilling while remaining under budget, and what initial assays from Getty North indicate about near-surface copper mineralization.

Pending Assays and Geologic Modeling: The status of pending drill assays across both Getty North and Getty South, and how these results will inform an updated geological model and future resource estimation work.

Expanding the Regional Footprint: The identification of seven new exploration targets across the property portfolio and recent claim staking to expand the footprint in the prolific Highland Valley Copper District.

Upcoming Fall Drilling & Dot Project: What to expect from the planned 4,000 to 6,000-meter drill program kicking off in October, alongside near-term permitting outlooks for the Dot Project.

Treasury and Capital Management: A review of the company's cash position of approximately $7 million and its strategy for year-round exploration flexibility.

 

Feel free to email me with any follow up questions for Ryan. My email is Fleck@kereport.com. 

 

Click here to visit the Getty Copper website - https://gettycopper.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.

In this Daily Editorial, we welcome back Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets and Editor of the Marc to Market website, to unpack the market fallout following the Federal Reserve's Jackson Hole symposium. Marc provides an in-depth breakdown of shifting central bank communication, fiscal versus monetary policy tensions, and key technical setups across currencies and commodities.

Jackson Hole Takeaways & Fed Policy Shifts: Analysis of Chairman Warsh’s hawkish tone, the deliberate pivot away from forward guidance, and why the Fed is reaffirming its commitment to the 2% inflation target.

Fed vs. Treasury Policy Divergence: An evaluation of the emerging philosophical divide between Treasury fiscal maneuvers and the Federal Reserve’s monetary objectives.

Economic Data & FOMC Rate Outlook: What upcoming jobs reports and inflation readings mean for voting members ahead of the fall policy meetings.

AI Infrastructure & Bond Market Pressures: How massive corporate borrowing for AI buildouts is competing with US Treasuries and influencing the yield curve.

Currency & Precious Metals Technicals: Key levels, momentum indicators, and reversal patterns across the US Dollar, gold, and silver following recent sharp price swings.

 

Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.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.

In this Daily Editorial, we are joined by Brian Leni, Founder and Editor of Junior Stock Review. Following a strong rebound across precious and base metals equities, Brian shares his perspective on current market dynamics, portfolio discipline, and why maintaining a strategic cash position remains a core risk-management tool. We explore the contrasting outlooks for gold and copper, step through a practical valuation framework for development-stage companies, and discuss how to evaluate high-upside exploration plays before a formal resource is defined.

Key Discussion Points:

Cash Allocation & Risk Management: The strategic reasoning behind holding a cash buffer during market rebounds and how macro headwinds dictate a disciplined capital deployment strategy.

Gold vs. Copper Risk-Reward: Why gold serves as a durable, all-weather asset while copper offers potential leverage accompanied by broader economic uncertainties.

DCF Modeling for Developers: A quantitative look at how to evaluate development-stage assets, account for capital expenditure inflation, and spot disconnects between market valuations and asset quality.

High-Conviction Valuation Disconnects: A case study on project synergies, infrastructure proximity, strategic backing, and mitigating structural risks such as warrant overhangs.

Evaluating Early-Stage Explorers: Key criteria for positioning in drill-stage stories, assessing management execution, and capturing exploration upside in an uncertain market.

 

Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in - https://www.juniorstockreview.com/

 

Click here to watch the latest Field Notes video - https://www.youtube.com/@FIELD_NOTES

 

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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.

Fred Davidson, President and CEO of Impact Silver (TSX.V:IPT) (OTCQB: ISVLF), joins me to outline the key takeaways from the Q2 2026 financial and operations, and provides an update on the current production and exploration upside at the Zacualpan Silver-Gold District, as well as the move-forward plan on the Plomosas Zinc-Lead-Silver Mine in Chihuahua, Mexico.

 

The Company has 4 underground mines and 1 open-pit mine all feeding into the Guadalupe processing plant in the Zacualpan Silver-Gold District; with a number of other past-producing silver and gold mines across their district-scale land package being explored for future development.

 

Q2 and H1 Financial Results:

 

The Company reported Q2 2026 revenue of $22.0 million, representing a 124% increase over $9.8 million in Q2 2025, driven by higher realized silver prices and increased grades and production at the Zacualpan silver-focused operation.

Net income for Q2 2026 improved to $2.8 million, or $0.01 per share, compared to a net loss of $2.0 million, or $(0.01) per share in Q2 2025.

For the first six months of 2026, consolidated revenue grew to $53.1 million up from $20.5 million in the prior-year period. Q2 2026 gross profit reached $8.7 million compared to $1.0 million in Q2 2025, bringing six-month gross profit to $29.1 million compared to $3.2 million a year earlier.

For the six-month period ending June 30, 2026, net income reached $14.1 million, or $0.04 per share, compared to a net loss of $2.1 million, or $(0.01) per share, in 2025.

At quarter-end, the Company had $52.2 million in cash, and no long-term debt. During the quarter, 4.0 million share purchase warrants were exercised for proceeds of $1.4 million.

 

Fred highlighted the financial benefits of higher silver prices combined with improved grades from the Kena vein at Zacualpan, which together drove a substantial increase in revenue and a second consecutive quarter of significant net income. Zacualpan continued to benefit from ongoing mine and mill improvements, with Q2 2026 production at the Zacualpan-Guadalupe mill increasing 8% to 36,908 tonnes from 34,173 tonnes in Q2 2025. More importantly, silver equivalent production from the Guadalupe Complex increased 39% to 221,385 ounces, compared with 159,298 ounces a year earlier.

 

 

Fred outlined the high-grade drill results on the north extension of the Carlos Pacheco Vein System at its producing Noche Buena silver-gold mine located 4km southwest of its Guadalupe. The company is currently evaluating the potential rehabilitation of the Capire Mill, as a potential area to process the Carlos Pacheco ore

 

At Plomosas, the Company took decisive action in the previous quarter to temporarily suspend underground mining while they reassess the operation’s cost structure and evaluate options for its longer-term future, including the processing of third-party feed through our plant. After sufficient drilling and interpretation is completed, then the plan is to work towards a more efficient and sustainable mine plan of operations for the longer-term.  He also mentioned that the Company is currently in advanced-stage discussions on toll-milling arrangements at their Plomosa plant with a few nearby third-party operators; which they believe could generate cash flow during the current suspension of mining at Plomosas.

 

 

If you have any follow up questions for Fred about Impact Silver, then please email me at  Shad@kereport.com.

 

In full disclosure, Shad is a shareholder of Impact Silver 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 Impact Silver

 

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.

Fred Bell, President and COO, of Elemental Royalty Corporation (TSX: ELE) (Nasdaq: ELE), joins me to review the key metrics from their record Q2 financials, updates on their key producing and development royalty and streaming assets, and the organic growth profile in front of the company over the next few years.

 

Q2 2026 Financial Highlights

 

Quarterly Revenue of US$23.8 million, the Company’s second highest quarterly result, and up 127% over revenue plus attributable share of Caserones in Q2 2025;

Record Gold Equivalent Ounces (“GEOs”) of 5,248 for Q2 2026 (3,184 in Q2 2025), and record 10,231 GEOs for H1 2026 (7,790 in H1 2025);

Adjusted EBITDA of US$17.4 million, up 99% over adjusted EBITDA in Q2 2025, reflecting increased operating leverage and portfolio performance;

Record operating cash flow of US$15.5 million, up 8% over adjusted operating cash flow in the comparative period;

Cash and cash equivalents of US$74.2 million as of June 30, 2026, together with the Company’s undrawn credit facility, provide significant financial flexibility to support continued growth;

On track to meet GEO and revenue guidance of 17,000-21,000 GEOs for 2026, driven by significant contributions from Karlawinda, Bonikro, Timok, and Caserones.

 

Fred highlighted again that Q2 will be their second quarter with their new dividend policy, which provides investors the option of being paid in either cash or Tether Gold tokens, (which are backed by physical gold).  This leads into a discussion about the corresponding value of having Tether Investments S.A. de C.V as their key stakeholder.  

 

We go on to do a rapid-fire review of their key cornerstone gold and copper assets within their royalty portfolio of 18 cash-flowing royalties, 28 advanced development assets, and ~250 total mineral royalties globally; diversified across multiple jurisdictions and across precious metals, critical minerals, and battery metals.

 

Wrapping up we discuss the optionality they have for future accretive transactions with their cash on hand and access to the revolving credit facility.  Fred recaps the transformative year that the Company has had over the last 12 months since announcing the merger of Elemental Altus and EMX Royalty, the uplisting to the Nasdaq, the multiple acquisitions made, the handful of generative asset transactions executed on, their large increase in liquidity, and the potential for a valuation rerate as more institutions can now position in the stock and they are now getting added into various indexes.

 

Click to follow the latest news from Elemental Royalty Corp

 

Elemental Royalty Corp – Visual Tour Through The Key Producing and Development Royalty Assets
https://youtu.be/241kg_E_bGI

 

 

To see a comprehensive list of all Elemental Royalty Corp assets:

https://www.elementalroyalty.com/our-assets/

 

If you have any follow up questions for Dave or Fred at Elemental Royalty Corp, then please email those to me at  Shad@kereport.com.

 

In full disclosure, Shad is a shareholder of Elemental Royalty Corp 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.