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...
4 days 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...
9 days 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....
20 days 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...
26 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...
about 1 month 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,...
about 1 month 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...
about 2 months 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...
2 months 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,...
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...
2 months ago • 9 min read