Video News/Digging Deep

David Erfle, Founder and Editor of JuniorMinerJunky.com, says PDAC 2026 is flashing clearer bull market signals for juniors, even as miners remain vulnerable to sharp pullbacks after outsized moves. Speaking with Kitco Mining’s Digging Deep in Toronto, Erfle said “these miners have had such incredible moves, and they're extremely overbought,” while adding there is still “a lot of money on the sidelines waiting to get in 'cause it's still underinvested.” Erfle discussed several deal headlines from PDAC week, led by Hudbay’s acquisition of Arizona Sonoran and the strategic push to consolidate copper assets in Arizona. He also examined Discovery Silver’s expansion in Timmins through the purchase of Glencore’s Kidd operations, Franco-Nevada’s $52.2 million NSR purchase tied to Banyan Gold in the Yukon, Abra Silver’s progress under Argentina’s RIGI regime, and Elemental Royalty’s expanded credit facility. He closed with his read on conference sentiment and why, despite expecting a larger takeover headline, “it's a bull market. Finally,” particularly for early-stage explorers as financing windows reopen.