Mining Stock Monkey VIP Investment Memo #121 March 13, 2026 It has been a busy period for the companies in our portfolio, and the recent financial reports have given us a lot of new data to digest. In this update, I am breaking down a highly obscure but incredibly profitable new business line that Altius Minerals has tapped into. On the flip side, we are looking at Orogen Royalties' unexpected decision to dilute shareholders, a move that proves our recent profit-taking was perfectly timed,...
about 15 hours ago • 6 min read
Mining Stock Monkey VIP Investment Memo #120 March 12, 2026 For investment memo #120, we'll be diving into more Q4 earnings and looking at how the latest quarterly numbers and updates affect our valuation models. All figures are in USD unless specified otherwise. Royal Gold Royal Gold is my top pick in the portfolio right now and is the company that I'm buying the most aggressively. After market close on Friday, we learned that RGLD won't be introduced into the S&P 500 this month. Only 4 new...
2 days ago • 8 min read
Mining Stock Monkey VIP Investment Memo #119 March 5, 2026 In today's investment memo I want to dive further into Q4 earnings and update our valuation models. The focus of this memo is on Empress Royalty and I'll be covering additional companies shortly. All figures are in USD unless specified otherwise. Empress Royalty In Q4, Empress had by far their best quarter ever in terms of revenue, bringing in $6.4M. Although they are diversified across 4 producing assets, of that $6.4M, more than...
8 days ago • 7 min read
Mining Stock Monkey VIP Investment Memo #118 February 27, 2026 Devon Energy continues to show that in the world of US shale, the only real sustainable competitive advantage comes through efficiency. With operating costs falling almost every single quarter a reserve replacement profile that shows they are actually upgrading the quality of their 'dirt', Devon is entering into the Coterra merger from a position of operational strength. In today's investment memo: We do a deep dive into Q4...
15 days ago • 13 min read
Mining Stock Monkey VIP Investment Memo #117 February 20, 2026 I sent out yesterday's B2Gold update before the markets opened, but the real story was revealed when the executive team faced the analysts on the Q4 earnings call. If you only read the official Q4 MD&A, you'd think their flagship Goose mine is on a glide path to becoming a steady-state cash cow by January 1st, 2027. But if you listen closely to the logistical hurdles management confessed to on the call, a different and more...
22 days ago • 7 min read
Mining Stock Monkey VIP Investment Memo #116 February 19, 2026 I was planning to write my next investment memo on Devon Energy, however, I wanted to write a quick memo for you on B2Gold's Q4 earnings because I think the market is going to be way down on the news. On January 26th, I sent out an investment memo saying I was planning on selling half of my B2Gold shares because I expected bad news from Goose and disappointing 2026 guidance. We just received Q4 earnings from B2, and as expected,...
23 days ago • 6 min read
The Silverback Letter by Mining Stock Monkey Issue #1 February 18, 2026 In the world of primates, the dominant Silverback is the undisputed troop leader. His primary role is protection. His focus is survival. This mirrors my approach to the markets. A Silverback is typically quiet and calm. He is patient. He conserves energy while the rest of the troop screeches at the noise. But when he acts, he does so decisively and aggressively. Many investors obsess over the potential for a 100% or...
24 days ago • 5 min read
Mining Stock Monkey VIP Investment Memo #115 February 11, 2026 In investment memo #115: An update from Equinox Gold could materially impact production from one of their mines but the market ignored the news. Triple Flag spends $84 million on a stream that they already own. The stream model is supposed to be "Pay once, benefit forever" so is this additional payment a big red flag? Let's dive in. All figures are in USD unless specified otherwise. Equinox Gold In November 2025, Equinox reached...
about 1 month ago • 7 min read
Mining Stock Monkey VIP Investment Memo #114 February 6, 2026 After a wild week of moves in the precious metals, I have quite a few updates for you from our portfolio. I'll be sharing some updates in this investment memo and the rest of them in a new memo that I hope to finish this weekend. All figures are in USD unless specified otherwise. Endeavour Mining - updated valuation Endeavour Mining released preliminary 2025 results and official 2026 guidance. In Quarter 4: They produced ~298,000...
about 1 month ago • 6 min read
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....
about 2 months ago • 10 min read