GoldNewsletter

Kai Hoffmann is joined by Rob McEwen himself and Michael Meding, Vice President & General Manager of the wholly-owned subsidiary McEwen Copper for updates on producing mines and the impactful Los Azules Copper Project. Guests: Rob McEwen, Chairman and Chief Owner; Michael Meding, VP & GM of McEwen Copper Company: McEwen Mining Inc. (TSX:MUX)(NYSE:MUX) For more information: www.mcewenmining.com Recording Date: November 21st, 2023 #Copper #McEwenMining #GoldNewsletter Follow Us! Kai Hoffmann: https://twitter.com/JrMiningGuy Brien Lundin: https://twitter.com/Brien_Lundin Website: https://goldnewsletter.com Channel Description Gold Newsletter, hosted by Brien Lundin & Kai Hoffmann, is the premier platform for global mining news. The program is dedicated to bringing engaging and informative interviews with CEOs and experts in the junior mining sector. The channel offers in-depth analyses from industry professionals to stay ahead of the curve and provide you with the knowledge required to make informed decisions. Disclaimer: The company has no input in regard to questions asked nor any editorial control. Interviews are done in one take. Unless specifically disclosed, all information available on Gold Newsletter and its affiliates or partners should be considered as non-commercial in nature. None of the content produced by Gold Newsletter should be considered an endorsement, offer or recommendation to buy or sell securities. Gold Newsletter is not registered with any financial or securities regulatory authority in Canada, the US, Europe, or the UK, and does not provide, nor claim to provide, investment advice or recommendations to any consumer of the content that Gold Newsletter produces and publicizes. Always do your own due diligence and/or consult a qualified legal, tax, or investment professional if personal advice is deemed necessary. Gold Newsletter and its related companies (including its directors, employees, and representatives) or a connected person may hold equity positions in securities detailed in communications. When this occurs a disclosure will be made. Gold Newsletter, its affiliates, and their respective directors, officers, employees, or agents expressly disclaim any liability for losses or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of this site or any decision made or action taken in reliance upon the produced content of Gold Newsletter, whether authorized or not. By accessing Gold Newsletter's content, each consumer of Gold Newsletter content releases Gold Newsletter, its affiliates, and their respective officers, directors, agents, and employees from all claims and proceedings for such losses, damages, or consequences. Gold Newsletter may provide content on third-party sites and we disclaim any responsibility for the content of any information posted on such other websites.

Adam Dubove, cofounder and director of financial consulting firm Ichimoku Fibonacci, contends that the FTX failure does not represent a cryptocurrencies failure. However, he believes the US government will use the company’s failure as an excuse to add new regulations to allegedly protect the victims and create a false sense of security. Dubove, who has written for the PanAm Post, Cointelegraph, and others, explains that there is an ongoing debate in US Congress regarding crypto regulation. He claims that US congressmen can take a proregulation or procryptocurrencies approach, but in the meantime people are still free to use their preferred cryptocurrency. The Gold Newsletter podcast is proudly sponsored by Inventa Capital, a premier investment group with a first-rate portfolio of mining companies. Visit Inventa’s website to learn more. Show notes: https://goldnewsletter.com/podcast/how-ftx-epitomizes-regulatory-capture/

Peter Hartley, Rice University professor and scholar of energy economics at the Baker Institute, contends that the main reason for rising retail energy prices is an emphasis on so-called green or renewable energy and its political popularity. He explains that Vladimir Putin’s invasion of Ukraine exacerbated a preexisting trend. Hartley, who has worked on energy economics issues for 35 years, makes the case for nuclear energy by arguing that countries with more nuclear energy have lower energy prices. In contrast, he explains how wind and solar energy correlate with higher prices. Despite this, wind and solar energy are more popular among the population due to a romanticization of renewables. In our weekly Inventa Capital segment, Cherie Ledeen, CEO of Gold Bull Resources (TSX-V: GBRC), reports on the Sandman Project located in Nevada, United States. Ledeen shares that Gold Bull has already started the feasibility study for the Sandman Project. Further, she reveals that Gold Bull is in talks with two companies regarding merger and acquisition (M&A) opportunities, although she cannot yet reveal which ones. Show notes: https://goldnewsletter.com/podcast/case-for-nuclear-energy-renaissance/ 00:00 Intro 00:22 Podcast 14:43 Sponsor segment 22:20 Podcast 42:35 Outro

When it comes to sound money, trader and financial educator Tone Vays argues bitcoin is the most robust among cryptocurrencies. Its unrivaled decentralization and security properties make bitcoin resistant to censorship, confiscation, and manipulation. Tone, who worked on Wall Street for 10 years prior to discovering bitcoin, sees gold and other precious metals as wealth protection and potential trades, rather than long-term investments because they resist inflation but pay no dividend. In contrast, he believes bitcoin will gain value over time and be the one asset that people can use across borders, once central-bank digital currencies become mainstream. The Gold Newsletter podcast is proudly sponsored by Inventa Capital, a premier investment group with a first-rate portfolio of mining companies. Visit Inventa’s website to learn more. Show notes: https://goldnewsletter.com/podcast/what-makes-bitcoin-crypto-gold-standard/

Brien Lundin, editor of Gold Newsletter, discusses the end-of-year issue, which includes a review of financial events, transcripts from the 2022 New Orleans Investment Conference (NOIC), and other high-value exclusive content. In this episode, Lundin also shares his insights regarding the implications of future Federal Reserve policies, the influence Wall Street traders have in financial markets, and the future of the gold and silver markets. For Lundin, in 2023, the US economic scenario will consist of relatively high inflation—between 4 and 6 percent—and easy-money policies issued by the Fed. Lundin foresees financial trends will be bearish for stocks and bonds and bullish for precious metals. Show notes: https://goldnewsletter.com/podcast/why-fed-chicken-out-inflation/

The US federal government is no longer within the boundaries that the Founding Fathers set up to limit the power of Washington. Dan Mitchell, a leading fiscal-policy economist, argues consecutive presidential administrations have increased federal spending, and they have made higher taxes a near certainty. A former senior fellow with the Cato Institute and the Heritage Foundation, Mitchell warns that US politicians consider tax competition a threat and that they have been promoting a tax cartel as a response. While the United States remains competitive regarding income taxes in contrast to some European countries, it is one of the worst jurisdictions when it comes to taxing capital. In our weekly Inventa Capital segment, Chris Donaldson, executive chairman of TinOne (TSX-V: TORC.V), reports on the latest drilling results from the Great Pyramid Project, Tasmania. Donaldson, who just returned from visiting the company’s projects in Australia, also notes positive news regarding the broader tin market. As reported by Andy Home of Reuters: "The faster the world moves towards the internet-of-things, the more tin will be needed to glue the expanding metaverse together." After a five-week price rebound, Donaldson expects the bull run to continue and drive up equities prices. Show notes: https://goldnewsletter.com/podcast/santa-claus-policies-spell-higher-taxes-americans/

While government policies around the world have markedly stimulated the electric-vehicle industry, Andrew Miller, head of price assessments at Benchmark Mineral Intelligence, argues the transition runs deeper and is already subject to inertia. Even the largest automobile companies have jumped on the bandwagon of electric vehicles. A central component is lithium-based batteries, and raw materials play a key role in prices. This year, for example, a spike in lithium prices has pushed up battery manufacturing costs. Miller is optimistic that in about five to 10 years, manufacturing of these batteries will achieve cost-effectiveness for broader use. In our weekly Inventa Capital segment, Chris Donaldson, executive chairman of TinOne (TSX-V: TORC.V), reports on the latest drilling results from the Great Pyramid Project, Tasmania. Donaldson, who just returned from visiting the company’s projects in Australia, also notes positive news regarding the broader tin market. As reported by Andy Home of Reuters: "The faster the world moves towards the internet-of-things, the more tin will be needed to glue the expanding metaverse together." After a five-week price rebound, Donaldson expects the bull run to continue and drive up equities prices. Show notes: https://goldnewsletter.com/nstoppable-electric-vehicle-transition/

JP Cortez, policy director of the Sound Money Defense League, argues money is a communicative tool for communities and a safeguard for individuals against totalitarian regimes. Sound money is crucial for a reliable marketplace, one in which people can engage, save, and invest. Cortez is also the lead author of the Sound Money Index, an annual report that determines which US states offer the most favorable environment for sound money. Regarding the 2022 edition, Cortez says Wyoming continues to lead the ranking, with legislators doing what they can to facilitate saving in gold, bitcoin, and other forms of sound money. In this episode, Cortez also explains massive shortcomings of central-bank digital currencies. In our weekly Inventa Capital segment, Craig Parry, executive chairman of Vizsla Copper (TSX-V: VCU), reports on the company’s plans over the next six months at the Woodjam Project in British Columbia. The British Columbian Supreme Court has just released the final approval for Viszla Copper to carry out the acquisition of this project. Show notes: https://goldnewsletter.com/podcast/sound-money-is-antidote-to-tyranny/ 00:00 Intro 00:22 Podcast 17:28 Sponsor segment 27:15 Podcast 41:37 Outro

The US dollar’s strength is not good news for everybody. According to John Hathaway, a portfolio manager of Sprott Hathaway Special Situations Strategy and co-portfolio manager of the Sprott Gold Equity Fund, the dollar wrecking ball represents the last stand for paper currencies. For Hathaway, as the US dollar weakens and Fed officials resort to more quantitative easing, gold will appreciate. Regarding the recent event in which the gold price increased by over $50 three times in four days, Hathaway argues it is a response to negative news for financial markets, such as interest rate rises. In our weekly Inventa Capital segment, Michael Konnert, CEO at Vizsla Silver Corp. (TSX-V: VZLA; NYSE: VZLA) reports on the company’s new stock issuance. Having raised almost $30 million, Vizsla is fully funded for the next year, in which the company will continue with drilling at the Panuco silver-gold project located in Sinaloa, Mexico, and move towards production. Show notes: https://goldnewsletter.com/podcast/calm-before-storm-us-dollar/

The world needs energy, and nuclear energy appears to be one of the best alternatives for the foreseeable future. Fabi Lara, creator of The Next Big Rush—the media channel with the highest engagement rates in the junior mining industry—explains that nuclear energy's reputation has risen over time as green and secure. Lara points out that developing nations are now the ones promoting the use of nuclear energy because it is cost-effective and works regardless of adverse climate conditions. Uranium is a key ingredient for nuclear energy, and its long production process allows investors to spot opportunities before the lag. In our weekly Inventa Capital segment, Craig Parry, executive chairman of Vizsla Copper (TSX-V: VCU), reports on the company’s plans over the next six months at the Woodjam Project in British Columbia. The British Columbian Supreme Court has just released the final approval for Viszla Copper to carry out the acquisition of this project. Show notes: https://goldnewsletter.com/podcast/what-a-millennial-investor-sees-in-uranium/ #Uranium #JuniorMining #FabiLara

The rising energy crisis is a political problem. For John Locke Foundation CEO Amy Cooke, an energy policy specialist, innovation has been more effective than non-fossil fuel policies in ensuring a cleaner environment. Given many attempts to skew perceptions and push ideological agendas, Cooke argues there should be free speech and open debate regarding energy policy in the United States. This would allow citizens to understand the tradeoffs of non-fossil fuel energy. In late October, Gold Bull Resources (TSX.V: GBRC) (OTCQB: GBRCF) filed a preliminary economic assessment for the Sandman Project in Humboldt County, Nevada. CEO Cherie Leeden, in our weekly Inventa Capital segment, reports on the findings and the company’s future endeavors. With a small-scale open-pit mining project, Gold Bull Resources estimates production of 35,000 ounces of gold per annum for five years and a one-year payback period. Show notes: https://goldnewsletter.com/podcast/what-censors-hide-about-energy-policy/

Geologist and mining analyst Joe Mazumdar discusses challenges and opportunities junior mining faces in the Post-COVID era. Companies are leaning towards local management to increase productivity and lessen the impacts from supply-chain disruptions. For Mazumdar, the US dollar has an outsized influence on the gold price, as well as other commodities—overshadowing their fundamentals. For that reason, the market sentiment towards gold is negative for US investors but steady for those whose currencies are losing value. In our weekly Inventa Capital segment, Michael Konnert, CEO at Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) reports on the company’s new stock issuance. Having raised almost $30 million, Vizsla is fully funded for the next year, in which the company will continue with drilling at the Panuco silver-gold project located in Sinaloa, Mexico, and move towards production. Show notes: https://goldnewsletter.com/podcast/junior-mining-evolving-post-covid-era/

Economist and lawyer Avi Gilburt uses nothing but mathematics to manage his investments. Gilburt, founder of the live trading room ElliottWaveTrader.net, argues that charts and waves can help investors beat market sentiment. Skyrocketing inflation and Fed measures are examples of factors driving market sentiment, and those investments with the largest number of investors—such as the S&P500—are more susceptible to it. In regards to the bearish gold market, Gilburt contends this market is passing through a corrective phase. In late October, Gold Bull Resources (TSX.V: GBRC) (OTCQB: GBRCF) filed a preliminary economic assessment for the Sandman Project in Humboldt County, Nevada. CEO Cherie Leeden, in our weekly Inventa Capital segment, reports on the findings and the company’s future endeavors. With a small-scale open-pit mining project, Gold Bull Resources estimates production of 35,000 ounces of gold per annum for five years and a one-year payback period. Show notes: https://goldnewsletter.com/podcast/let-numbers-not-biases-dictate-investments/

Daniel Lacalle, a Ph.D. in Economy and fund manager, argues financial crisis was hoovering around Europe long before. In Q4 2019, the German and French economies were at the edge of recession, while the Italian and Spanish economies were weakening significantly. For Lacalle, COVID-19 and the Russia-Ukraine war have only been excuses. High intervention levels in policy and energy, high taxes, and challenging demographic conditions are the actual reasons. Lacalle also demystifies the fact that the US dollar is performing better than other currencies. “The dollar is stronger because every currency else is worse,” he said. In our weekly Inventa Capital segment, Chris Donaldson, executive chairman of Tin One, reports drill results from the Great Pyramid project located in Tasmania, Australia. The ongoing drilling program has returned exceptional high-grade results that continue to identify significant mineralized zones outside the historical resource area. Show notes: https://goldnewsletter.com/podcast/opportunity-off-beaten-path-europe/

Mining investment could mitigate financial risks in times of market volatility. However, John Feneck, president of Feneck Consulting Group, suggests caution when choosing in which companies to invest. Drawing on his 30-year experience as a financial consultant, John Feneck suggests investors to not disregard key factors such as debt and cash flow levels along with experience in the field. A company that is well prepared on all these fronts will successfully weather any storm. In our weekly Inventa Capital segment, Craig Parry, executive chairman of Vizsla Copper (TSX-V: VCU), reports the company’s acquisition of consolidated Woodjam Copper. The project, located in mining-friendly British Columbia, Canada, has great potential for further exploration. For Parry, this transaction is a win, since copper will continue to gain value as the global energy transition takes place. Show notes: https://goldnewsletter.com/podcast/what-john-feneck-has-eyes-for-in-junior-mining/

For fear of missing out, central banks are rushing to develop central bank digital currencies (CBDCs) to expand their control of the monetary system. Lawrence H. White, professor of economics at George Mason University, warns most CBDCs will run in centralized software, posing risks to users' privacy. An expert on banking and monetary policy, White explains the emergence of stablecoins could become an opportunity rather than a threat for the US dollar. Stablecoins pegged to US dollars or gold are a vehicle to expand the US dollar and increase its value. Gold Bull Resources (TSX.V: GBRC) (OTCQB: GBRCF) released the scoping study of its Sandman project in Nevada. In our weekly Inventa Capital segment, CEO Cherie Leeden shares the estimated returns and announces the firm could generate cash flows through a small-scale project in the near term. Show notes:

For Peter Boockvar, the Beakley Financial Group’s chief investment officer, stagflation is already in the United States, with inflation rates going up faster than those of economic growth. He thinks Fed officials face unprecedented challenges: dealing with inflation, preventing significant dislocations in the market, and avoiding further ballooning the US budget. Peter will join us at the New Orleans Investment Conference on October 12–15, 2022. Listen to exclusive insight from him by securing a spot at this event here: https://neworleansconference.com/online-registration/ In our weekly Inventa Capital segment, Craig Parry, executive chairman of Vizsla Copper (TSX-V: VCU), reports the company’s acquisition of consolidated Woodjam Copper. The project, located in mining-friendly British Columbia, Canada, has great potential for further exploration. For Parry, this transaction is a win, since copper will continue to gain value as the global energy transition takes place. Show notes: https://goldnewsletter.com/stagflation-new-normal-america/

For highly experienced investor Rick Rule, people would be better investors if they were to buy stocks as they buy their retail goods. At this moment, gold is similar to a warm jacket on sale when winter is close. Rule anticipates a bounce in the gold price as Fed officials pivot in their battle against inflation. Rick Rule will be a speaker at the New Orleans Investment Conference (NOIC) on October 12–15. To learn more about the conference and secure a spot, visit https://neworleansconference.com/. In our weekly Inventa Capital segment, Chris Donaldson, executive chairman of Tin One, reports drill results from the Great Pyramid project located in Tasmania, Australia. The ongoing drilling program has returned exceptional high-grade results that continue to identify significant mineralized zones outside the historical resource area. Show notes: https://goldnewsletter.com/podcast/half-off-bargains-junior-miners/

Wagner Nolasco, a Brazilian real-estate investor and developer, achieved financial freedom in the United States. Despite an often gloomy outlook from many commentators, Nolasco argues the United States remains the most prosperous country. For him, US citizens should praise and protect freedom and those institutions that have created economic opportunities and wealth. Nolasco foresees that inflation will continue to rise in the United States in the mid-term, but he discards hyperinflation. For him, gold, silver, and real estate are good assets to protect wealth in these troubled times. He also believes that even if borrowing rates have increased, getting a house is still a good deal. Michael Konnert, director and CEO of Vizsla Silver (TSXV: VZLA | NYSE: VZLA), discusses the firm’s discovery of the Copala Vein in their Panuco project in Mexico and its subsequent drilling results in the Inventa Capital segment. Show notes: https://goldnewsletter.com/podcast/why-brazilian-stands-up-for-america/

Many purporting to carry the flag of economics have for decades caused profound damage, under the belief that they can improve social conditions as untouchable policy gurus. George DiMartino, professor of international economics at the University of Denver, addresses this predicament in his latest book, The Tragic Science: How Economists Cause Harm, and reveals the negative impact of economists on society. For DiMartino, economists must become aware of their constraints regarding social engineering and accept their fallibility. Economists are influential with how they shape our thinking, but DiMartino highlights that they do not have the capacity to control how their ideas will unfold and their outcomes, which are not always a success. Gold Bull Resources (TSX.V: GBRC) (OTCQB: GBRCF) released its scoping study at the Sandman project in Nevada. In our weekly Inventa Capital segment, CEO Cherie Leeden shares the economic numbers and announces the firm could generate cash flows with a small-scale project in the near term. Show notes: https://goldnewsletter.com/podcast/damage-wrought-economics/ 00:00 Intro 00:22 Podcast 15:41 Sponsor segment 22:49 Podcast 37:03 Outro

US national debt, adding up pension and medical liabilities, is around $919,000 per taxpayer. Sheila Weinberg, founder and CEO at Truth in Accounting, explains how many obligations do not appear on federal and local governments’ accounting, in contrast to private-company reporting. Weinberg perceives more citizens are becoming interested in debt numbers, now that inflation is affecting their pockets. For them, she recommends staying aware and critical of their governments’ fiscal management, since some—such as Illinois—have decided to leave out pensions and other retirement benefits completely from their debt reports. In our weekly Inventa Capital segment, Chris Donaldson, executive chairman of Tin One, reports drill results from the Great Pyramid project located in Tasmania, Australia. The ongoing drilling program has returned exceptional high-grade results that continue to identify significant mineralized zones outside the historical resource area. Show notes: https://goldnewsletter.com/podcast/americans-dont-know-governments-debts 00:00 Intro 00:22 Podcast 14:27 Sponsor segment 20:33 Podcast 40:21 Outro

Despite gold being down 2–3 percent in US dollar terms, gold has continued to preserve its purchasing power in the long term. In mid-August, gold was up 8 percent in euro terms and 15 percent in Japanese yen terms. Ronald Stöferle, a fund manager and author of the “In Gold We Trust” report, argues gold will gain momentum later this year. With the recession in the United States, Federal Reserve officials will back down and implement expansionary monetary policy, which means helicopter money in the offing. As a result, Stöferle foresees a period of inflation volatility, and gold would become crucial: “Gold is not there to make you rich quickly, but to protect your assets and weather storm Gold Bull Resources (TSX.V: GBRC) (OTCQB: GBRCF) finished its drill program in June at the Sandman project in Nevada and is still awaiting assay results. In our weekly Inventa Capital segment, CEO Cherie Leeden says that in the meantime, the company has engaged a highly reputable mining engineer in Nevada to begin its scoping study. Show notes: https://goldnewsletter.com/podcast/supposed-fed-hawks-doves-disguise/

Along with substantial economic growth in the past four decades, rising Chinese influence is undeniable. For fund manager Chen Lin, originally from China and now living in New Jersey, China still has a disadvantage over the United States. The US gold reserve is seven or eight times larger than China’s, he contends. Lin started his stock newsletter in 2009 after successfully navigating his family portfolio during the 2008 recession. Although he is bullish on silver, Lin believes that a China-Taiwan war—an undesirable but likely scenario—could favor gold stocks. In our weekly Inventa Capital segment, Jamie Keech, executive chairman of Vida Carbon, discusses the new paradigm of carbon credits in the voluntary market in our weekly Inventa Capital update. Show notes: https://goldnewsletter.com/podcast/the-end-of-the-road-for-escalation-with-china/ 00:00 Intro 00:22 Podcast 16:29 Sponsor segment 27:11 Podcast 36:44 Outro

Does the world have too many people? Steven Landsburg, a professor of economics at the University of Rochester, discusses the costs and benefits of having larger populations. He argues that many of the costs associated with population growth fall entirely on the families who bear new children while society at large stands to gain most of the benefits. In our weeklyInventa Capitalsegment, Chairman Leo Hathaway ofGolden Shield Resources (CSE: GSRI) announces that the company has just closed a C$6.3 million private placement. They also have nine additional drill targets for their Mazoa Hill project in southwestern Guyana. Show notes: https://goldnewsletter.com/podcast/population-growth-benefits-do-not-meet-eye/

How does the Ukraine conflict play into the world's changing balance of power? Stephen Leeb, CEO of Leeb Capital Management, argues this is a turning point for the United States. The nation can no longer spend its way out of problems. He says the United States is not as self-sufficient as it once was and relies, in particular, too heavily on other countries for commodities. Gold Bull Resources (TSX.V: GBRC) (OTCQB: GBRCF) finished its drill program in June at their Sandman project in Nevada and is still awaiting assay results. In our weekly Inventa Capital segment, CEO Cherie Leeden says that in the meantime, the company has engaged a highly reputable mining engineer in Nevada to begin their scoping study. Show notes: https://goldnewsletter.com/podcast/ukraine-the-turning-point-in-americas-geopolitical-ascendancy/ 00:00 Intro 00:22 Podcast 13:30 Sponsor segment 19:19 Podcast 43:33 Outro