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...
8 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...
20 days 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...
23 days 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 1 month 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,...
about 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
Mining Stock Monkey VIP Investment Memo #131 May 12, 2026 Today, I break down the math behind the Coterra merger and the infrastructure bottlenecks that created our recent fair value dip for Devon Energy. We're looking at a massive 14.8% share buyback plan plus a record Q1 from Triple Flag and our updated 'Best Buy' list. Triple Flag Precious Metals Triple Flag had an excellent quarter, bringing in a record $147M in revenue from 30,166 Gold Equivalent Ounces (GEOs). The company remains debt...
3 months ago • 7 min read
Mining Stock Monkey VIP Investment Memo #130 May 7, 2026 As I'm writing this memo today, B2Gold's stock price is up 17% after releasing Q1 earnings last night. While B2Gold did finally have a great quarter, I think the market is missing some critical details. In today's memo I'll be covering the good things about Q1 but also why we should expect higher costs going forward. All figures are in USD unless specified otherwise. B2Gold What was good about the quarter? For the quarter, B2Gold...
3 months ago • 5 min read