Mining Stock Daily

Morning Briefing: MSD Welcomes Michael McCrae as New Correspondent

Oct 2, 2025
A new correspondent, Michael McCrae, joins to share insights on the precious metals market's rally and the potential for junior miners to benefit. He discusses the importance of copper in electrification and its outlook amid macroeconomic challenges. The podcast also reveals exciting drill results from Stellar AfricaGold and Intrepid Metals, showcasing impressive intercepts. Additionally, there’s news about Fortuna's joint venture with DeSoto and large financings announced by Collective Mining and NexGen Energy.
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ANECDOTE

Everyday Investors Asking About Gold

  • Michael McRae recounts generalist investors asking him about buying and storing gold at a wedding.
  • He says this level of casual public interest in gold is unprecedented in his coverage experience.
INSIGHT

Precious Metals Rally Faces Macro Risks

  • Precious metals have surged and broadened beyond central bank buying into general investor interest.
  • Michael McRae warns the rally's durability depends on macro risks like labor weakness and trade disruptions.
INSIGHT

Juniors Could Catch Up — With Caveats

  • The junior miners may start to benefit as the rally broadens from producers to explorers and developers.
  • McRae cautions juniors remain vulnerable if broader markets turn bearish despite strong metals.
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