profile

Mining Stock Monkey

Featured Post

Gold Stocks shoot higher as gold hits $2,900

Mining Stock Monkey VIP Bulletin #54 February 12, 2025 Since my last bulletin we haven't received any updates from our portfolio but as gold has shot above $2,900, I wanted to share some of my thoughts and my latest video (which now includes ad-free early viewing for newsletter subscribers). It's hard to believe but just 1 year ago, the gold price was $2,015/oz. Since that time, it is up nearly $900 without any meaningful pullbacks along the way. The biggest correction we've seen in the past...

Mining Stock Monkey VIP Bulletin #53 February 7, 2025 This week I noticed several different gold stocks moving up sharply on no news. For example, Gold Royalty Corp was up about 11% in a single day with no news from the company. The same day that we saw the big run-up in GROY's stock price, Metalla was also up about 7% on no news. While the gold price was up that day, it was only up about 1%, which isn't nearly a big enough move to justify this sharp spike the in the prices of the gold...

Mining Stock Monkey VIP Bulletin #52 February 4, 2025 In this newsletter issue I'll be covering some company updates and sharing with you a new video on Endeavour Mining that you have early access to as a paid newsletter subscriber. Endeavour Mining We added Endeavour Mining to our portfolio only about a month ago at US$18.09 per share. Since that date, the share price has shot up nearly 20%. This increase in the share price is partially because of the higher gold price but also because...

Mining Stock Monkey VIP Bulletin #51 January 27, 2025 I decided to add another perk for Mining Stock Monkey VIP subscribers. This new benefit is that you're going to get access to most of my new Mining Stock Monkey videos before the public. I've noticed that sometimes when I make a video on less-liquid stocks, the extra buying or selling can move the market. For this reason, I think it's only right that paid subscribers get to see the videos first. Also, I'm going to turn off monetization...

Mining Stock Monkey VIP Bulletin #50 January 23, 2025 B2Gold announced they're going to issue $350M (+$52.5M option) in convertible notes due in 2030. The company said that they'll be using the proceeds to pay off their higher-interest revolver, which will lower their interest expense. Assuming the additional option is exercised, they should be able to pay back the full $400M outstanding on their revolving credit facility. We don't yet know the interest rate nor the conversion price, so I...

Mining Stock Monkey VIP Bulletin #49 January 13, 2025 B2Gold - $2.49/share After market close today, B2Gold announced that they're cutting their quarterly dividend from $0.04 to 0.02 and launching a share buyback program (NCIB) in which they can buy back and cancel up to 5% of their outstanding shares over a 12-month period. This will allow the company to reduce their share count by as much as ~66 million shares. The NCIB is subject to approval by the TSX. The new annual dividend yield, based...

Mining Stock Monkey VIP Bulletin #48 January 13, 2025 Barrick Gold's stock price has suffered recently, down nearly 27% from its October highs. The primary reason for this decline is because Mali's been putting a lot of pressure on the company to renegotiate its mining contract and pay more than US$500 million in retroactive tax adjustments and unpaid dividends. Barrick's Loulo-Gounkoto gold mining complex in Mali is quite important to the company as it accounted for 12.8% of the company's...

Mining Stock Monkey VIP Bulletin #47 January 11, 2025 Yesterday we got the huge news that Altius Minerals was awarded a partial win in the binding arbitration against Anglogold Ashanti to decide the size of their royalty on the Expanded Silicon gold project in Nevada. I briefly mentioned my preliminary thoughts in yesterday's morning newsletter on EMX. In that bulletin, based on my immediate interpretation of that press release, I gave Altius Minerals a "strong buy" and Orogen Royalties a...

Mining Stock Monkey VIP Bulletin #46 January 10, 2025 EMX Royalty has had a busy start to the year with 5 press releases this week alone. In this bulletin, we're going to dive into these developments and figure out what they mean for our investment. EMX Royalty EMX Completes 5 Million Share Buyback Program On February 7th of last year, EMX announced a Normal Course Issuer Bid (NCIB) in which they were allowed to buy back and cancel up to 5,000,000 shares over a 12-month period. It's very...

Mining Stock Monkey VIP Bulletin #45 January 9, 2025 We got huge news from Equinox Gold this week and in this bulletin I'll be sharing what we learned. Equinox Gold Equinox delivered a huge reserve update on Fazenda on Tuesday. One of the best things that a miner can do to increase its net asset value is to add reserves to mines with short lives. Before this update, Fazenda had the shortest mine life out of Equinox's 7 operating mines. Therefore, I was very pleased when Equinox announced that...