Mining Stock Monkey VIP Investment Memo #140 August 7, 2026 Quite a few companies have reported earnings in the last couple of days and in today's investment memo I'd like to start with Equinox Gold because I think the market got this one wrong. Equinox Gold The stock was up 4% today after Equinox beat analyst estimates on earnings and revenue. Trading bots pay attention to whether the quarter was a "beat" but when it comes to analyzing mining stocks, I actually find these numbers to be...
13 days ago • 9 min read
Mining Stock Monkey VIP Investment Memo #139 August 4, 2026 The correction in the precious metals has resulted in an opportunity to buy high-quality companies at very fair prices, so in today's investment memo I'm adding a new gold producer to the portfolio. The stock price of this particular company has suffered because of a falling gold price but also because of a couple operational hiccups in 2025 and 2026. Thanks to these temporary issues, we have a rare opportunity to buy a top-quality...
16 days ago • 14 min read
Mining Stock Monkey VIP Investment Memo #138 July 29, 2026 Q2 earnings season will be in full swing starting next week and we will get quarterly reports from many of the companies in our portfolio. In today's investment memo, I'd like to cover some preliminary reports and revisit my best buys. Royal Gold We got some preliminary Q2 numbers from Royal Gold and the business continues to perform well. During the quarter, Royal generated ~69,000 Gold Equivalent Ounces (GEOs) in stream sales and...
22 days ago • 7 min read
Mining Stock Monkey VIP Investment Memo #137 July 16, 2026 Gold has fallen a bit in the past couple of days to drop slightly below $4,000 per ounce. At the same time, the gold producers and royalty companies have fallen hard, giving us a compelling buying opportunity in some high-quality stocks. Note: Since I just sent a more complete update a few days ago, this memo is intentionally brief. I wanted to quickly get this out to cover some breaking news and highlight a few ways we can take...
about 1 month ago • 3 min read
Mining Stock Monkey VIP Investment Memo #136 July 14, 2026 In this memo, we’re adjusting our valuation models following a $168 million capital deployment in the renewable royalty space and surging lithium prices. We also dive into Q2 gold production numbers across the portfolio to unpack stream step-downs, grade dilution realities, and a major 20-year mine restart. The market is giving us some outstanding buying opportunities in the precious metals sector and at the end of this memo we will...
about 1 month ago • 9 min read
Mining Stock Monkey VIP Investment Memo #135 July 5, 2026 The Reality of a 30% Drawdown Since reaching its highs five months ago in late January 2026, the gold price has fallen significantly. If we take the intraday high of $5,598 back in January and the intraday low of $3,925 during Thursday of last week, the peak-to-trough pullback was about 30%. This decline has had a brutal effect on many of the companies in our portfolio and precious metals stocks in general. While the gold price peaked...
about 2 months ago • 12 min read
Mining Stock Monkey VIP Investment Memo #134 June 7, 2026 Gold and Silver Plunge on Jobs Report Gold and silver fell hard on Friday. The GDX and GDXJ were down 9% and 10%, respectively. It was a bloodbath for anyone with a precious-metals heavy portfolio. The catalyst behind this plunge was the strong non-farm payroll numbers which came in much stronger than analysts were predicting. Note: If you look behind the headline numbers of the jobs report to see what actually caused this beat,...
2 months ago • 9 min read
Mining Stock Monkey VIP Investment Memo #133 May 21, 2026 Don't let the short-term pullback to $4,500 gold distract you from a major structural win. Royal Gold just executed a brilliant corporate swap at Hod Maden that expands margins and offloads capital risk, offering us a textbook buying opportunity. Royal Gold - A big step forward Hod Maden, a very high grade copper and gold deposit in Turkey, is one of Royal Gold's most important development projects. A major change was just announced...
3 months ago • 7 min read
Mining Stock Monkey VIP Investment Memo #132 May 18, 2026 A few more companies from our portfolio have released Q1 earnings, however, I had to set those aside for the moment to research a big M&A announcement. Equinox Gold and Orla Mining are merging in a zero-premium transaction. For Investment Memo #132, we're diving in and assessing whether or not this move is likely to be beneficial for shareholders. After covering the merger, I will also get into Equinox's Q1 earnings. Equinox Gold A...
3 months ago • 13 min read