The gold price has surged, mining companies are generating significant cash flow, and exploration budgets are finally starting to rise. But according to Major Drilling, the next major mining exploration cycle may only be getting started.In this special long-form episode of Mining Stock Daily, host Trevor Hall welcomes Ryan Hanley, Director of Capital Markets at Major Drilling (TSX: MDI), for a unique look at the mining industry from the perspective of one of the world's largest drilling contractors.Rather than focusing on a single exploration project or discovery, Ryan provides a view of the entire mining sector through drilling activity, exploration budgets, capital flows, and demand from major producers and junior exploration companies.Ryan explains why he believes the mining exploration industry remains in the early stages of a new cycle, despite record quarterly revenue at Major Drilling. He points to a 30–35% increase in exploration budgets among major mining companies in 2026, the delayed impact of junior mining financings, and the enormous gap between current global exploration spending and the previous cycle's peak.The conversation also examines the growing technical challenges of finding new mineral deposits, including drilling holes more than 3,500 meters deep, the shortage of skilled drillers, and why mining companies are increasingly willing to pay for specialized drilling expertise.Trevor and Ryan explore which jurisdictions are attracting new exploration capital, why major producers are investing in junior mining companies, and how investors can identify better-managed exploration businesses.______Terrahutton empowers junior mining companies to secure investment with immersive, interactive, and visually striking storytelling. Learn more about the Terrahutton platform ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HERE⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠______This episode of Mining Stock Daily is brought to you by... ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Revival Gold ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vizsla Silver⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Equinox Gold⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Integra Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠

Eastport Critical Metals CEO Daniel Major lays out the company’s next 12 months across its six Botswana projects, from a 291 square kilometre gravity survey at the Matsitama copper project to follow-up work at the Semarule rare earth discovery.

Markets look ahead after yesterday's steep sell off. A strike at the world's largest copper operation has been averted after BHP and Escondida Mine Supervisors Union endorsed a preliminary agreement reached Wednesday morning. Brunswick Exploration hits 302-metre spodumene intercept. New Found Gold starts producing. Gold Hart acquires Chilean IOCG property. Jaguar Mining grows output via Turmalina. Tectonic Metals drills broad Alaska gold.Today's episode of Mining Stock Daily is brought to you Revival Gold, one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho.

Idaho Strategic Resources President and CEO John Swallow says the company is funding about $8 million of exploration this year from Golden Chest Mine cash flow, while building the roughly $20 million Murray Mill on site for commissioning in the first quarter of 2027. Production will shift into the Paymaster area, where the company will introduce longhole stoping, as it pushes toward 20,000 ounces a year by 2028 from 12,538 ounces in 2025. On rare earths, drilling has wrapped at Lemhi Pass and Mineral Hill with results pending, and the company has turned more attention to yttrium at Diamond Creek after a call from a large chip manufacturer seeking domestic supply.

Evergold reported the first six of 16 holes from its 2026 program at the Golden Lion project in BC’s Toodoggone district, including 4.9 metres of 7.7 g/t gold and 186 g/t silver in hole GL26-031. CEO Alex Walcott spoke to Mining Stock Daily about testing the northeast-dipping GL1 zone along strike, a possible deeper stacked lens and early survey work on the Copper King target in the north.

Copper Giant Resources has reported a major resource expansion at the Mocoa copper-molybdenum-gold porphyry deposit in Putumayo, Colombia. We have drill results to report from Scorpio Gold, Gold X2, FireFox Gold and Tudor Gold. Other exploration updates from Yukon Metals and Brixton Metals. This episode of Mining Stock Daily is brought to you by... ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Revival Gold ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vizsla Silver⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Equinox Gold⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Integra Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠

Cabral Gold expects to declare commercial production at its Cuiú Cuiú Phase 1 heap leach mine in Brazil by early to mid-November. President and CEO Alan Carter was interviewed by Mining Stock Daily. Cabral Gold is focused on the Tapajós gold province in Brazil’s Pará state, the site of a major gold rush in the 1980s. The Cuiú Cuiú sits on the same fault zone as G Mining’s Tocantinzinho mine about 20 kilometres to the southeast.

Elemental Royalties CEO Fred Bell joins Mining Stock Daily to discuss the company's latest transformation, highlighted by a $290 million acquisition of royalty and streaming assets from Orion Mine Finance and the recently completed Vizsla Silver royalty transaction at Panuco. Bell breaks down the key assets in the Orion portfolio, including the Ruby Hill silver stream in Nevada and the Karoussa gold stream in Guinea, and explains where he sees additional growth potential. The conversation also explores Elemental's expanding deal-making capabilities, the importance of partnering with proven mine operators, and the company's strategy to build a leading mid-tier royalty and streaming business.

Integra Resources CEO George Salamis joins Mining Stock Daily to discuss the latest operational and exploration developments at the Florida Canyon Gold Mine and the permitting and financing outlook for the DeLamar Project. Salamis explains why 2026 has been a capital-intensive transition year at Florida Canyon, with the company targeting higher production and significantly lower costs in 2027. He also discusses new high-grade drill results that could extend the mine's life beyond its current eight-year plan, along with growing lender interest in financing DeLamar as the project advances toward a potential 2027 permitting decision.

SSR Mining has announced a definitive agreement to acquire Roxmore Resources. We have production updates from Equinox Gold and Mining Americas. Integra Resources has an update on DeLamar. Collective Mining discovers a new style of mineralization at Apollo. District Metals has completed its first drill hole at Target A on the Viken Property. This episode of Mining Stock Daily is brought to you by... ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Revival Gold ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vizsla Silver⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Equinox Gold⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Integra Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠