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...
8 days 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...
13 days 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...
18 days ago • 5 min read
Mining Stock Monkey VIP Investment Memo #129 May 6, 2026 Markets often miss the forest for the trees. This week, Devon Energy’s $700M "paper loss" is creating exactly the kind of noise we look for, masking a rock-solid $816M in free cash flow and a massive capital return program. Meanwhile, Royal Gold has entered a new league, pairing record-breaking production with a $1.7B war chest that might signal another major purchase coming soon. Today’s memo separates the accounting noise from the...
19 days ago • 7 min read
Mining Stock Monkey VIP Investment Memo #128 May 3, 2026 A relatively minor drop in the gold price over the past two weeks has resulted in an abnormally large correction in many gold stocks, creating a nice buying opportunity in some quality companies. They aren't all great buys, though. In fact, there's one stock in the portfolio where I think it's time to take some profits. In Investment Memo #128 we'll be covering some recent updates from our portfolio and I'll be sharing my updated 'best...
22 days ago • 7 min read
Mining Stock Monkey VIP Investment Memo #127 April 20, 2026 Early this morning, I sent out an investment memo focused on B2Gold. At the time of writing, I was working off the Friday night release regarding the fire at the Goose Mine. However, B2 has since issued a more detailed update that confirms my suspicions about the "PR spin" involved here. B2Gold After producing 42,876 ounces at Goose in Q1, the company now expects to produce just 19,000 ounces in Q2 as a result of this fire. In the...
about 1 month ago • 6 min read
Mining Stock Monkey VIP Investment Memo #126 April 20, 2026 It’s a tale of two extremes for B2Gold today: an operational hurdle at the Goose mine and a consolidation win in Finland. This memo cuts through the PR spin to find the real math, while we look at how to best deploy our 24.6% cash position as macro risks mount. B2Gold B2Gold issued a short press release at 11:59pm on Friday night saying there was a fire in the crushing circuit at their remote Goose Mine in Nunavut, Canada. The press...
about 1 month ago • 11 min read
Mining Stock Monkey VIP Investment Memo #125 April 11, 2026 This gold bull market began roughly a decade ago after the late-2015 bottom. While the macro tailwinds, specifically the Sovereign Debt Spiral and the Weaponization of the Dollar remain valid reasons for gold to continue higher, we must acknowledge that at 124 months, this cycle is entering "overtime" relative to historical averages. Since the US Government removed the $35/oz price fix in 1971 and once again made it legal for US...
about 1 month ago • 9 min read
Mining Stock Monkey VIP Investment Memo #124 April 4, 2026 Welcome to Investment Memo #124. This week, we're diving deep into Royal Gold's highly anticipated Investor Day. Their inaugural 5-year outlook reveals big growth that I don't believe the market has fully priced in yet. To better capture this pipeline, I’m rolling out an upgraded valuation model. I'll also be breaking down Elemental Royalty's valuation method, discussing Devon Energy's hedging strategy, and updating our "Best Buys"...
about 2 months ago • 13 min read