Mining Stock Monkey VIP Investment Memo #113 January 26, 2026 In today's memo, I'm digging into a sudden (and suspicious) shift in B2Gold's behavior. I suspect that this change means that Q4 will be an "everything that could go wrong did go wrong" kind of quarter. Let's dive in. B2Gold Every year, typically during the third week of January, B2Gold issues a lengthy press release detailing production from Q4, guidance for the upcoming year, and any major updates to report on from the company....
1 day ago • 10 min read
Mining Stock Monkey VIP Investment Memo #112 January 20, 2026 While most Q4 earnings won't arrive until late February, preliminary results and 2026 guidance are already trickling in. This memo details exactly how an update from Royal Gold has shifted my valuation models. Royal Gold Royal Gold has been my #1 pick in each and every one of my recent investment memos. The stock price continues to move higher almost every day, even on days when the gold price is down. This tells me that some big...
7 days ago • 11 min read
Mining Stock Monkey VIP Investment Memo #111 January 13, 2026 In this investment memo, I'd like to share how I'm thinking about silver now that it has skyrocketed up past $85 per ounce. Also, I think it's now time to lock in some profits on one of our holdings. In this memo, I'll tell you which company that is and my reasoning for selling half of our shares. All figures are in USD unless specified otherwise. Silver - Is it time to take some profits? Any time the price chart of a commodity...
14 days ago • 11 min read
Mining Stock Monkey VIP Investment Memo #110 January 7, 2026 In this memo I'm diving into the valuation of one of my favorite companies in our portfolio - Altius Minerals. I view Altius as one of the best ways to take advantage of a widespread bull market in natural resources because the company owns a series of royalties on high-quality, ultra-long-life mines across quite a few different commodities. Across their various royalties, Altius has royalty exposure to: copper, potash, lead, zinc,...
20 days ago • 19 min read
Mining Stock Monkey VIP Bulletin #109 December 28, 2025 Over the past few weeks, the price of silver has been exploding. If we want to use current spot prices to value our stocks, the rising silver price significantly changes the fair value for some of the companies in the portfolio. In today's newsletter, I'm going to be covering how the skyrocketing silver price changes the target price for: Orogen Royalties, Empress Royalty, Royal Gold, and Triple Flag Precious Metals. The revenue of these...
30 days ago • 8 min read
Mining Stock Monkey VIP Bulletin #108 December 17, 2025 Equinox Gold announced that they're selling their 3 gold mines in Brazil for $900 Million up-front, plus an additional payment of up to $115M depending on the mines' performance in the first year. The mines sold include: RDM, Aurizona, and the Bahia Complex. Equinox's stock price fell on this news and in this newsletter I'd like to shed some light on if this might be a good time to buy some more shares. I'd also like to share with you...
about 1 month ago • 5 min read
Mining Stock Monkey VIP Bulletin #107 December 8, 2025 In today's newsletter I'd like to continue sharing my valuation models. All figures are in US Dollars unless specified otherwise. Recently in this newsletter, I have started adding: Buy Targets Sell Targets Fair Value calculations Risk Levels Today, I am adding one more thing: Price-Adjusted risk levels Lately, I've been working on getting my valuation models into a spreadsheet that will update with the click of a few buttons. This way,...
about 2 months ago • 6 min read
Mining Stock Monkey VIP Bulletin #106 December 2, 2025 In today's newsletter I want to dive into my updated valuation for Endeavour Mining, a top-tier West African gold producer. In addition to this, I'll be sharing my latest valuations on other companies in the portfolio. All figures are in US Dollars unless specified otherwise. Positive changes to the newsletter coming soon: You may have noticed that in recent newsletters I've been sharing with you my fair value estimates for the companies...
about 2 months ago • 9 min read
Mining Stock Monkey VIP Bulletin #105 November 28, 2025 On Wednesday this week, I put out a sell alert for Empress Royalty when the stock was trading at an all-time high of US$0.94/share. I added Empress to the portfolio at $0.25/share less than 18 months ago. We had a huge win and I thought the potential upside had decreased while risk had increased. My investment thesis had played out and I thought it was time to solidify our huge win. About 10-15 minutes after I pressed "send" on that...
2 months ago • 5 min read
Mining Stock Monkey VIP Bulletin #104 November 26, 2025 The time has come for us to sell one of our stocks after realizing a huge win in a relatively-short period of time. I bought this stock because they were going to see a huge increase in revenue and they were trading at a big discount to their Net Asset Value (NAV). Today, that discount to NAV is gone and the underlying value of the business is declining quarter by quarter as they aren't buying any new assets. The easy, lower-risk money...
2 months ago • 6 min read