Jeff Clark

John Florek of Emperor Metals Inc. talks to Jeff Clark | Metals Investor Forum Sept. 2026

• Top takeaway Clark discloses he owns Emperor Metals stock, is overweight the position, and calls himself a fan.
• He says what originally attracted him to Florek was the use of AI in mining before it was widespread.

Guest John Florek says AI grade-control models he built at Detour Lake moved 20% more gold to the mill, worth about $150 million a year. The same AI approach rebuilt Duquesne West's long-missing geological model in months, and management now targets tier-one scale (5 million ounces-plus). Quebec's under-capacity mills let the company skip building its own, saving $500 million to $1 billion and avoiding the debt that sank earlier juniors. Fresh drilling (66 holes, 20,000 metres) returned hits like 15 metres of 61 grams per tonne, and management sees open-pit grades near 2 grams. Lac Pelletier, delayed to end-2028 by a Quebec engineers' strike, targets 40,000 ounces a year, with a PEA (early mine-economics study) due for Duquesne West.

Derek Iwanaka of Prince Silver Corp. talks to Jeff Clark | Metals Investor Forum Sept. 2026

• Top takeaway Discloses that Prince Silver is a stock he recommends and that he and members of his team own it.
• Suggests Prince Silver could be the next buyout given the CEO's track record of acquired companies.

Prince Silver's CEO points to an exploration target of 75 to 150 million silver-equivalent ounces, with 10,000 meters drilled and three rigs on site. An outside consultant is building the NI 43-101 resource around a 100 million silver-equivalent ounce target, likely landing around Q1. Twin holes and statistical matching of historical drill results decide how much legacy data enters the new resource model. The CEO sees silver, zinc, lead and manganese critical-mineral status opening a door to US government funding from a $30 billion earmark. Structure is tight at 59.1 million shares with C$6.4 million cash at April quarter-end, and the host discloses he owns and recommends the stock.

Greg Davis of Sun Peak Metals talks to Jeff Clark | Metals Investor Forum Sept. 2026

• Top takeaway Discloses he is personally overweight Sun Peak Metals and has been buying the stock, saying it is not too late because it has not run away yet.
• Frames the company as a near-term catalyst play, pressing the CEO on the next 6-12 months of drilling plans and calling them lots of potential catalysts.

Saudi Arabia's 2018 Vision 2030 reforms opened mining to foreign owners; Sun Peak Metals now holds 13 wholly owned licenses in the underexplored Arabian-Nubian Shield. CEO Greg Davis counts maiden drilling as two discoveries: zinc-silver at Halahila and copper-zinc-gold-silver at Safra, including 39 metres of 1.4% copper. VMS (volcanic massive sulphide — sulphides formed on sea floors) reveals only an iron oxide gossan at surface; metal content stays unknown until drilling. Davis says drilling resumes in October at Safra and expands to targets like El Maya, with management aiming for results news every few weeks. A just-launched financing will fund the upcoming drill programs; roughly 164 million shares outstanding, with management holding 15% to 20%.

Daniel Rodriguez of Mercado Minerals Ltd. talks to Jeff Clark | Metals Investor Forum Sept. 2026

• Top takeaway Jeff Clark of the Pader Prospector newsletter frames Mercado Minerals as "a very compelling story" and says "the truth machine is turning," expecting drill results over the next year to prove up the projects
• Clark discloses that he and the Pader Prospector team covering the company own shares in Mercado Minerals

Maiden drilling at the never-drilled Zamora silver gold project in Mexico is expected within two months. Coppolito Phase 1 wrapped with 3,000m and 25 holes, expanding the drill ready strike at the new La Renata vein. The CEO is buying shares on the open market, signaling insider confidence at current valuations. A technical team with Vizsla Panuco and Napoleon discovery credits underpins the Sierra Madre exploration thesis. Management is fully funded for upcoming drilling, with first results expected early in the new year.

Greg Smith of Newcore Gold Ltd. talks to Jeff Clark | Metals Investor Forum Sept. 2026

• Top takeaway Clark anchors the conversation from the Metals Investor Forum in Vancouver as the interviewer, introducing himself from the Pader Prospector newsletter and structuring questions around the team, the Enchi project, deep drilling potential, funding, and shareholder structure to surface catalysts for investors.
• Clark introduces the 6-12 month catalyst-and-news-flow frame for investors and closes the interview by disclosing that his team at the Pader Prospector newsletter owns shares in Newcore Gold.

Newcore is fully funded through its 80,000-metre Enchi drill program; 47,000 metres released and 16,000 metres remain by year-end. Enchi's current resource base is 1.5Moz indicated and 600koz inferred; Greg cites a nearby mine as a deep-mining analogue. Greg argues Ghana is overlooked despite being Africa's largest and the world's sixth-largest gold producer, with majors operating successfully there. Management and the board hold ~12% of equity bought with their own cash while institutions hold ~55%, a structure Greg calls a conviction signal. Near-term catalysts are ongoing drill releases feeding an updated mineral resource estimate and a feasibility study targeted before end-2027.

Gold 2X If History Repeats; Expect Currency Crisis | Jeff Clark

• Top takeaway Clark argues the gold bull market is far from over, noting that 94% of recent price action matches the 1970s run and that, if it continues, gold could more than double from today's level while mining stocks could see doubles and triples
• He plans to remain long gold 'until we have an honest monetary system that is stable and sound and at least in part, not based on fiat,' citing still-unresolved US debt, deficit spending and money printing and the historical fact that all world currencies are now fiat
• He says gold-mining equities carry 2x to 4x (sometimes more) leverage on the gold price, and that the gold-mining sector is currently running profit margins of roughly 56%, which he frames as the highest he has seen for any major sector
• He expects mainstream capital to rotate into miners when frothy areas like Nvidia (which he puts near a $5 trillion market cap) or the broader S&P 500 correct, because miners would then offer enviable margins by comparison
• For stock picking he uses a three-legged stool: first people (executives with prior success and skin in the game), then politics (pro-mining jurisdictions such as the US, parts of South America and parts of Europe), and only then the property itself, asking whether the project is one a producing CEO would actually want to buy

Mining expert Jeff Clark says the gold bull market still has at least two more years to run, citing a 94% price correlation with the 1970s. If gold keeps tracking the 1970s analog, prices could more than double from today — with mining stocks typically levering such moves 2-4x. Clark's stock-picking framework rests on three pillars: management with skin in the game, pro-mining jurisdiction, and a project that could realistically become a mine. FOMO (fear of missing out) draws most retail buyers in at the top; Clark argues disciplined investors should use pullbacks as buying opportunities. Nationalization risk clusters in second-world jurisdictions; Clark sidesteps third-world projects entirely and rotates into newly pro-mining South American regimes.

GOLD ADVISOR NETWORK SUMMIT | REGISTER NOW | NOVEMBER 5, 2026

• Top takeaway Argues the ratio of gold stocks relative to gold is lower as of July 2026 than it was in 2020 and in 2016.

Gold stocks trade cheaper relative to gold than in 2020 or 2016, according to The Gold Advisor's founder Jeff Clark. Metals Investor Forum hosts the inaugural Gold Advisor Network Summit on November 5, 2026 in Vancouver with 15 junior mining companies. Silver analyst Peter Krauth, author of The Great Silver Bull, expects a major silver rally over the next couple of years.

A Nevada Gold Junior With Major Backers

• Top takeaway The guest is personally overweight A2 Gold and sees the stock at roughly half its February 2026 peak as a strong entry point.
• His core thesis is that A2 Gold's asset next to Kinross's Round Mountain mine, with similar geology, can be proven up as a multimillion-ounce Nevada deposit.
• He points to major backers — Eric Sprott and repeated Kinross investments, including a technical committee seat — as support for the story.
• He says he invested largely on the team, because one principal has created vast shareholder wealth at other companies and he expects a repeat.

A2 Gold holds Nevada ground beside Kinross's Round Mountain mine with similar geology, aiming to prove up a multimillion-ounce deposit. Clark says juniors with a resource and multimillion-ounce potential are rare in Nevada right now. Clark cites heavyweight backing: Eric Sprott has invested, and Kinross Gold bought in repeatedly and sits on the technical committee. He praises a team with a wealth-creation track record and says he is personally overweight (holding an outsized position) the stock. The stock trades near half its February peak, which Clark views as a strong entry point.

Jeff Clark’s 5 Best Mining Stock Picks Right Now

• Top takeaway Clark sets out a four-stage framework for junior mining investing — pre-discovery, pre-resource, resource builder and pre-producer — and says all of his money goes into those four categories, including the window from construction decision to first pour, where he cites research showing a 90% chance of a 90% gain.
• He does not invest in developers or producers, except for producers that were explorers first before they built and started producing metal.
• His test for a resource builder is growth rather than incremental additions: he wants a company going from roughly a million ounces to double or triple that, and he notes that many of them instead convert resource to reserve, which de-risks the asset for a producer or acquirer even when the resource itself barely grows.
• He says he favours names that moved sharply in January and then gave back a lot of those gains, arguing that the pullback makes the entry point attractive, which is why he selected these five.
• He is personally overweight all five picks he presents — A2 Gold, Pacifica Silver, Stallion Uranium, Sun Peak Metals and Getty Copper — while ranking Getty the lowest risk because a discovery is already in hand and the two pre-discovery names the highest.

Jeff Clark invests in four junior mining stages — pre-discovery, pre-resource, resource builder and pre-producer — and avoids developers and producers. Each of his five picks has given back January gains, and he argues those pullbacks make the entry points attractive right now. Turning resources into reserves cuts project risk and makes a company more attractive to senior buyers, even when the resource barely grows. His five: A2 Gold, Pacifica Silver, Stallion Uranium, Sun Peak Metals in Saudi Arabia, and Getty Copper, which he ranks lowest risk. Pre-discovery stories can take three to six drill programs, and he warns a compelling geophysical footprint does not guarantee another deposit.

The Bull Market May Have Another Leg

• Top takeaway Clark says he does not believe the bull market is over and expects another big leg ahead, which he gives as the reason he is buying into the current pullback.
• He treats big corrections as opportunity windows rather than reasons to panic, calling buying dips the most sophisticated strategy in the world and the source of his biggest profits.
• On the COVID dip, which he says was as scary as it gets, he loaded up and got silver as low as $13.
• In the current dip he is buying, aiming for stocks that others have missed or that he wants more of.
• By his read, mining stocks went 3, 4, 5, and he calls that crazy.

Clark treats deep pullbacks as buying opportunities rather than reasons to panic because he does not believe the precious metals bull market is over. His largest personal investment profits came from buying sharp corrections, including the COVID crash, when he loaded up. He cites silver trading as low as $13 and a sharp drop in mining stocks as precedent for buying the current dip. The stock he targets is one someone else overlooked, or one he already owns and wants a larger position in.

Jeff Clark: SILVER Is 50% Off—and the Biggest Opportunity Is Coming

• Top takeaway He treats the correction as a buying opportunity rather than the end of the bull market, saying he loves big dips, that his largest personal profits came from them, and that he does not believe the bull market is over.
• He argues silver is the better opportunity than gold right now: gold leads and silver lags in a bull market but catches up and passes gold on percentage returns before it ends, and the gold-silver ratio around 68 sits above the historical average near 55.
• He advises focusing on individual companies rather than the metal, and warns the turn may not come until September, gold's historically best month, or not until 2027.
• His framework avoids developers and producers and concentrates on four stages, pre-discovery, pre-resource, resource builder and pre-producer, citing research that gives a 90% chance of a 90% gain between construction decision and first pour.
• On discipline he sets a dollar amount per stock, an overweight amount for his best ideas, spreads positions rather than holding dozens of names, and takes profits on doubles while otherwise staying invested; his two disqualifying red flags are insiders handing themselves shares and options without putting their own money in, and a jurisdiction that may not stay pro-mining, with his number one question being whether a deposit is big enough to matter to a producer.

The guest treats big sector corrections as buying opportunities, having loaded up on the COVID dip and buying this sell-off now. Silver is the better-value metal — its equities fell over 50%, and the gold-silver ratio near 68 sits above its long-run average of 55. He skips developers and producers, concentrating on four stages: pre-discovery, pre-resource, resource builders, and pre-producers. Converting resource to reserve cuts risk more than growing it, because conversion is what makes an asset saleable to a senior. His screening rules: a pro-mining jurisdiction, management actually investing its own money, and a deposit big enough to matter to a producer.

Greg Davis & Jeff Clark discuss Sun Peak Metals at the May Metals Investor Forum

Sun Peak Metals is advancing high-potential gold and base metal exploration projects within the underexplored Arabian-Nubian Shield across Saudi Arabia and Ethiopia. The company leverages a management team with a proven track record of multiple mine discoveries to unlock significant value in this emerging mineral belt. As a vetted presenter at the Metals Investor Forum, the company showcases strong financials and promising projects to prospective investors.

Daniel Rodriguez & Jeff Clark discuss Mercado Minerals at the May Metals Investor Forum

Mercado Minerals is advancing silver exploration projects across 3,000+ hectares in Mexico's emerging Western Silver Belt. The company targets world-class silver discoveries within the prolific Sierra Madre Occidental mining district. Management emphasizes disciplined exploration and strategic growth to drive shareholder value in the junior mining sector.

Victor Feng & Jeff Clark discuss Tincorp Metals at the May Metals Investor Forum

Tincorp Metals is acquiring the district-scale Santa Barbara Gold-Copper Project in Ecuador's emerging Zamora Belt through a definitive agreement with Silvercorp. The transaction positions the junior explorer to capitalize on significant copper and gold potential within a highly prospective and underexplored mining region. Investors gain direct access to vetted management teams at the Metals Investor Forum, a critical advantage for evaluating junior mining company risk.

Robert Vallis & Jeff Clark discuss Tiger Gold at the May Metals Investor Forum

Tiger Gold Corp. is advancing its flagship multi-million-ounce Quinchía Gold Project located in Colombia's prolific Mid-Cauca gold belt. The company features an experienced multidisciplinary management team with backgrounds from major mining companies like Barrick and AngloGold Ashanti. Management emphasizes building long-term shareholder value through strategic exploration and development in a top-tier Colombian gold district.

Brian Miller & Jeff Clark discuss Astra Exploration at the May Metals Investor Forum

Astra Exploration targets large-scale precious metals discoveries in Chile and Argentina's premier epithermal districts. The company leverages a management team with decades of regional exploration and discovery success across Latin America. The Metals Investor Forum provides investors direct access to vetted junior mining companies with strong management teams.

Darwin Green & Jeff Clark discuss Onyx Gold at the May Metals Investor Forum

Onyx Gold Corp is advancing district-scale gold exploration in two premier Canadian mining jurisdictions: Timmins, Ontario and the Yukon Territory. The company's portfolio is anchored by the high-grade Munro-Croesus Property and the recent Argus North discovery in the historic Timmins Gold Camp. Strategic Yukon land position includes the King Tut Property, located near Snowline Gold's Valley discovery and Fireweed Metals' MacPass Project.

Luke Alexander & Jeff Clark discuss Newcore Gold at the May Metals Investor Forum

Newcore Gold is advancing the Enchi Gold Project in Ghana, supported by robust PEA economics and strong leverage to the gold price. A 60,000-metre drill program is currently underway, focusing on resource conversion and growth to complete a Pre-Feasibility Study in H1 2026. Management demonstrates high alignment with shareholders via a 13% equity stake, complemented by strong institutional backing at 55% ownership.

Drew Clark & Jeff Clark discuss Summit Royalties at the May Metals Investor Forum

Summit Royalties is a precious metals royalty and streaming company focused on disciplined, per-share accretive acquisitions to provide long-term cash flow growth. The company maintains a debt-free balance sheet with cash reserves available for future acquisitions and portfolio expansion opportunities. The Metals Investor Forum provides investors direct access to vetted management teams from junior mining companies with strong financials and promising projects.

Anna Hicken & Jeff Clark discuss Dryden Gold at the May Metals Investor Forum

Dryden Gold controls a dominant land position with 50km of strike length along the Manitou-Dinorwic deformation zone in Northwestern Ontario. The company's properties have seen limited modern exploration despite historical production, offering significant discovery upside for investors. Strong infrastructure access and collaborative local First Nations relationships de-risk the advancement of this large-scale exploration project.