First things first. I hope you all had a peaceful Christmas season and were able to spend a few lovely days with family and friends! 😊

Even though December isn't quite over yet, I'd like to give you a quick update on the past month before the new year and take a brief look at the performance since I started at getquin in September.

👉🏻 December:

Start: 1,253,497 euros + 19,000 cash

End: 1,336,908 euros + 400 cash

Deposit: 3,000 euros

Profit: +61,811 euros (+4.86%)

As in previous months, the portfolio benefited from the continued strength of gold in December. The overweight in K92 Mining ($KNT (+0,22 %)), Equinox Gold ($EQX (-0,4 %) ), B2Gold ($BTO (-0,14 %) ) and, more recently, Euro Sun Mining ($ESM (+0,93 %) ) has contributed significantly to the good performance. My sale of SantaCruz Silver ($SCZ) (-0,96 %) in November, on the other hand, unfortunately proved to be an expensive mistake. I lost 50% of my profit, but as you know, you're always smarter afterwards and who could have guessed that silver would go through the roof like this.

Otherwise, not much has changed in my portfolio. I have now fully reinvested the 19,000 euros in cash. Among other things, I have taken an initial position in Vonovia ($VNA (+0,98 %) ) and Zalando ($ZAL (+1,06 %) ). I have also added some Ubisoft ($UBI (-1,8 %) ) and Fuchs Petrolub ($FPE (+0,07 %) ). I only took profits on Puma ($PUM (-0,96 %) ) and significantly reduced my position here when the share price was driven up again by takeover rumors.

As already mentioned, an extremely successful stock market year 2025 comes to an end tomorrow. The performance alone since I started with getquin in September has left me surprised. I wish every year was like this, but ... well. It will probably remain a pipe dream, but I'm all the happier for it! 😊

👉🏻 September - December:

Start: 1,022,339 euros

End: 1,336,908 euros + 400 cash

Return (adjusted): +235,305 euros (+21.39%)

A large part of the performance is of course due to (mainly unrealized) price gains, especially in my two largest positions (K92 Mining and Equinox), which now have a very high impact on the overall performance due to their size. However, other trades have also played their part. For 2025 as a whole, I expect to generate around EUR 115,000 in realized capital gains. Of this, around EUR 20,000 is attributable to dividends received, EUR 20,000 to trading profits with K92 Mining and other various gold/silver mines and around EUR 75,000 to the remaining shares (e.g. Alibaba, Xiaomi, Volkswagen, Porsche, 1&1, Ceconomy, etc.), to name just a few.

I am aware that the main ingredient for such a performance is luck (or inside information). Since I don't have the latter, let's agree on luck... 😉

For this reason, I am setting my targets for 2026 correspondingly lower. My main goal is always to receive around 5% of my assets in the form of investment income. Based on today's values, this would mean a range of 70,000 - 90,000 euros. I no longer set myself a target for my total assets. Although my salary can be planned, it is of secondary importance in the overall picture and, as we all know, you can't plan for price gains on the stock market... 👍🏼

➡️🆓: On my way towards 4 million total assets, the target achievement rate is now 44%. 😊

So, enough chatter. I wish you all a happy new year, happiness, satisfaction, health and, of course, success on the stock market in 2026! 🍀

Enjoy the quiet time! I'm off for 3 weeks in the sun and then I'll see you again at the end of January!

See you in a few days! 😊

Hello my dears,

After my commodities special, I have now delved even deeper into the world of gold mining.

I have picked out 27 mines, and now I have focused less on the P/E ratio ( @Dividendenopi ). Instead, I mainly looked at earnings growth in 2027.

As with my first presentation, what stands out here

Eldorado Gold
$ELD (+0,67 %) stands out with 26.75 % earnings growth.

But completely new mines are also being added, such as

OR Royalties $OR (+0,59 %) with
24.79 % profit growth

B2Gold $BTO (-0,14 %) with 33.11 % profit growth

and front runner

DRD Gold $DRD (-1,15 %) with 42.26 % earnings growth

I refer to consistency in performance I would be at

Eldorado Gold and DRD Gold

My dears, what would be your 1 choice and why would you choose which gold mine?

@Dividendenopi , @Multibagger

Eldorado Gold is a Canadian mid-tier gold and base metal producer with over 30 years of experience building and operating mines in Europe and the Americas.

We are breaking new ground in everything we do - in mining, sustainability, community relations and innovation. We are not afraid to open doors to new opportunities and find a better way forward.

Our vision is to build a safe, sustainable and high quality company in the gold mining sector that creates value today and for future generations. Every day, our team of approximately 5,800 employees and contractors put our vision into action at our mines in Québec, Greece and Turkey. Their commitment to our values of integrity, courage, collaboration, agility and drive positions Eldorado for growth and transformation to meet the needs of a changing world.

Across Eldorado, everywhere we operate, we have roadmaps to promote inclusivity and diversity while respecting the unique histories and cultures of our regions. We innovate and deliver sustainable benefits to our host communities while promoting growth and prosperity.

We aim to make things better and break new ground every day.

Dec. 17, 2025

Eldorado Gold kauft zusätzliche Anteile an Amex Exploration

Nov. 26, 2025

Eldorado Gold veröffentlicht aktualisierte Stellungnahme zu den Mineralreserven und den Mineralressourcen; Ausgleich der Erschöpfung

October 30, 2025

Eldorado Gold berichtet solide Finanz- und Betriebsergebnisse im dritten Quartal 2025; Skouries auf Kurs für das erste Quartal 2026...

Sep 09, 2025

Eldorado Gold erreicht 2025 TSX30-Ranking für Top-Performance

Investor presentation - December 2025

December 2025 IR Deck

DRDGOLDalso known as Durban Roodepoort Deep, is a mining company from South Africa and is mainly active in the gold mining segment. The main business is the extraction of gold from gold production residues, i.e. from tailings resulting from previous mining activities. DRDGOLD relies on the reprocessing of these old tailings in order to extract gold and other valuable minerals from them. This process is an example of the environmental practice of urban mining, where existing tailings are used as resources instead of developing new mines.

The company is also active in the mineral processing segment and uses advanced technologies to increase the efficiency of gold extraction. Technologies include methods such as flotation processing and pressure leaching. DRDGOLD ADR operates several plants in South Africa that are equipped for the processing of ores and the extraction of gold. The company specializes in creating economic value from existing tailings while helping to reduce environmental impact.

DRDGOLD's main subsidiaries are Ergo Mining Proprietary Limited (Ergo), our flagship metallurgical plant about 50 km east of Johannesburg in Brakpan; and Far West Gold Recoveries (FWGR) near Carletonville, west of Johannesburg.

Ergo and the Knights plant in Germiston are probably the world's largest recycling plant for gold tailings. Together with the mill and pump station at Crown Mines and City Deep (both former plants), these facilities treat approximately 1.7 Mt per month.

FWGR was acquired by Sibanye-Stillwater in July 2018. The acquisition was instrumental in the company's growth strategy and increased our gold reserves by 90%. FWGR comprises Plant 2 in Driefontein with a capacity of 600,000 tpm and the Dryfontein 4 tailings storage facility with a capacity of 500,000 tpm.

At the end of the 2024 financial year, DRDGOLD provided 2,956 jobs, of which 903 were permanent employees. The remaining 2,053 people worked for the specialized service providers engaged by the company to provide the expertise required for tailings exploitation and tailings dam management.

DRDGOLD Integrated Report 2025

DRDGOLD markiert ein 'außergewöhnliches Jahr' mit Rekorderträgen und strategischem Fortschritt bei Vision 2028

Published: October 28, 2025

DRDGOLD berichtet von stabiler Entwicklung im ersten Quartal des Geschäftsjahres 2026

Published: October 16, 2025

DRDGOLD verdoppelt die Enddividende für das Geschäftsjahr 2025 auf 40 Prozent, was goldpreisbedingte Umsatz- und Betriebsgewinnsteigerungen widerspiegelt

Published: August 20, 2025

DRDGOLD meldet einen Anstieg des goldpreisgetriebenen Umsatzes um 26 %

Published: August 14, 2025

Günstiger Umsatz und Goldpreis, da DRDGOLD 130 Jahre ununterbrochener Notierung an der Johannesburg Stock Exchange (JSE) feiert

Published: May 07, 2025

November was once again a classic "rollercoaster month" - with a fortunately positive outcome. We started with a portfolio performance of -3% and then rose to +5% in the middle, then fell again to -2% and closed the month with around +8%! For the portfolio, this means that we have reached a new all-time high! 👍🏼

Start: 1,148,200 euros

End: 1,253,497 euros + 19,000 cash

Deposit: 30,000 euros

Profit: +94,297 euros (+8.2%)

Once again this month (as in October), my two gold positions were mainly responsible for the volatility, as they now account for 44% of my portfolio - but hey, I'm still convinced that there's a lot of potential in these stocks. So the rollercoaster will continue... 🎢

One of my less heavily weighted mining stocks, $SCZ (-0,96 %) SantaCruz Silver Mining, I sold completely on Friday after disappointing quarterly figures. Although the share is being driven by the strong silver price, this can quickly go in the other direction if the support falls away. The bottom line was a gain of +12% after only 6 weeks. We can be satisfied with that. I only have a total of 4 mines left in my portfolio: $KNT (+0,22 %)
$EQX (-0,4 %)
$BTO (-0,14 %) and $ESM (+0,93 %) .

Otherwise, I used the month to buy stocks that had fallen out of favor but that I am still convinced of. These include $PYPL (-1,78 %)
$NOVO B (-1,17 %)
$1810 (-3,02 %) (Xiaomi) $GLJ (-0,99 %) (Grenke), $LXS (-0,55 %) and $EVK (-0,12 %) have been. Novo-Nordirsk in particular presented a great opportunity a few days ago when the share price briefly plummeted by 10% without justification. 📉

At the same time, I was also able to realize a few profits. I took the opportunity to sell some of my Puma shares after the takeover rumors and at the beginning of the month I also sold Lufthansa, BHP Billiton and a small amount of Western Union (which has already been bought back at a lower price). 📈

I currently hold 19,000 euros in cash again and am waiting for the next opportunities! 💵

➡️🆓: On my way towards 4 million total assets, the target achievement rate is now 42.3%. 😊

Let's see how November turns out. As always, it remains exciting!

Opinions are divided when it comes to gold. Some don't believe in gold at all, others swear by it (but only physically in a safe) and still others - like me - invest in gold mines... 😉

I kind of fell into mining like a hero. It started in 2018 when I got a "tip" from a forum that I should take a look at K92 Mining. At the time, it was an unknown explorer who had just bought a disused mine from Barrick.

Long story short ... I probably had more luck than sense. Today, K92 Mining is on its way to becoming a Tier 1 producer and one of my largest positions. That was the beginning. Since then, I have invested speculatively in explorers from time to time. Some with an almost total loss, others with a "ver-x-fold". But the bottom line is that they are very profitable.

Over time, of course, I have also become interested in gold and now consider it an indispensable part of an investment. Whether it has to be in the form of mines remains to be seen.

For me, gold is one of the best ways to protect your money from inflation and to achieve a certain stability in your wealth accumulation. What do you think? 🤔

$KNT (+0,22 %)
$EQX (-0,4 %)
$ESM (+0,93 %)
$OLA (+0,11 %)
$BTO (-0,14 %)
#gold

I have noticed the share in the last 13 F reports. It has been bought relatively strongly. I then started my own research and found the presentation summarized below by $BTO (-0,14 %) which is very recent and dates back to August.

I always receive a summary of the 50 most important companies with the strongest purchases. Before anyone asks, yes, I have a subscription and it's not cheap.

In addition to the individual purchases and sales by investors, there is also a brief summary of the 50 companies.

It's not so nicely photographed, but if you're interested, you'll get it.

I had already written last week that I had read a very detailed analysis for $BTO (-0,14 %) but it was a PDF and 53 pages in English. So I have now asked Gemini to translate and summarize the presentation for GQ.

Unfortunately, of course, the many graphics are missing.

Nevertheless, the share is mega exciting and could become the next tenbagger in the commodities sector of my portfolio.

B2Gold Corp. - Company presentation August 2025

B2Gold is an international gold company that focuses on the mining, exploration and development of gold projects. The August 2025 presentation highlights the Company's strategic objectives and financial guidance.

Key figures for 2025

• Gold production: The forecast consolidated gold production for 2025 is between 970,000 and 1,075,000 ounces.

• All-in sustaining costs (AISC): The projected AISC, including the cost of the new Goose Mine project, is between 1,490 and 1,550 US dollars per ounce.

• Quarterly dividend: The quarterly dividend amounts to 0.02 US dollars per share.

Important projects and growth

The company operates several mines and projects worldwide:

• Fekola Complex (Mali): The mine is expected to produce between 515,000 and 550,000 ounces of gold in 2025. Production at the Fekola Regional Project is expected to start in the second half of 2025 and contribute an average of 180,000 ounces per year from 2026 to 2029.

• Masbate Gold Project (Philippines): Production of between 170,000 and 190,000 ounces is expected in 2025.

• Otjikoto Mine (Namibia): Expected production for 2025 is between 165,000 and 185,000 ounces of gold.

• Goose Project (Canada): This is a new, high-grade project in the Back River Gold District. First gold production was achieved here in the second quarter of 2025 and full commercial production is expected in the third quarter of 2025. Expected production for 2025 is between 120,000 and 150,000 ounces. The potential is 300,000 ounces per year from 2026 to 2031.

Strategy and diversification

B2Gold is pursuing a growth strategy with the aim of achieving new annual production of over 750,000 ounces in the next 5 years. This is to be achieved through the development of existing projects such as Fekola Regional, Gramalote and Antelope. The company is globally diversified, with headquarters in Vancouver (Canada) and mines in Mali, Namibia and the Philippines as well as projects in Canada, Finland and Colombia.

Shareholder structure and security

The shareholder structure consists of 65% institutional investors, 34% retail/other investors and 1% management/insiders. B2Gold reports that it has a very good health and safety record in Q2 2025, with a Lost-Time Injury Frequency Rate (LTIFR) of 0.08 and a Total Recordable Injury Frequency Rate (TRIFR) of 0.42.

Has anyone ever found anything on this, probably not possible for security reasons. I have just read a pretty good company analysis on $BTO (-0,14 %) read. But I only got it as a PDF and I'm not going to copy and paste 53 pages. 😎😂

YTD return:

🥇 Gold: ≈ +39.1 %

🥈 Silver: ≈ +24.7 %

🥉 Copper: ≈ +20.6 %

⚗️ Palladium: ≈ +34.5 %

💎 Platinum: ≈ +45.4 %

🥇Gold:

📈Chart technicals: The uptrend is running in a clean rising weekly channel.

The all-time high at 3 500 $/oz (22 Apr.) is intact; setbacks to the 50-day EMA (~3 300 $) were absorbed each time.

Primary support zone: 3 200 - 3 100 $ - the previous breakout level. RSI > 60 confirms bullish momentum.

ℹ️Fundamental Driver No. 1: Central bank buying.

In 2025, the official sector is again targeting ≈ 1,000 t - the 4th year in a row of massive purchases, driven by de-dollarization and geopolitical hedging.

🥈Silver:

📈Chart technicals:

Despite +25% YTD, the price is still ~30% below the historic peak of $49. The multi-decade cup-and-handle formation is approaching the neckline at 36 - 37 $; a significant weekly close above it could activate a target above 75 $. Short-term supports: $34.8 (May breakout level) and $32.

ℹ️Fundamental Driver No. 1: Supply deficit.

The World Silver Survey reports a shortfall of 149 Moz in 2024; a further 118 Moz is expected in 2025 - largely due to solar and e-mobility demand, while 70% of production is by-product.

🥉Copper:

📈Chart technicals:

On July 8, the "blue-sky breakout" to 12 526 $/t (5.68 $/lb) took place. Volume spike and weekly RSI > 70 confirm strength. The former top band 10 500 - 10 800 $/t now serves as key support; a retest to ~11 000 $ would be technically sound without breaking the uptrend.

ℹ️Fundamental driver no. 1: Structural scarcity.

UNCTAD warns: By 2030, around 80 new mines and $ 250 bn CapEx would be needed to meet demand from the energy transition, data centers and e-mobility - otherwise the market deficit will persist.

This is where I am currently positioned:

🥇Gold:

$EWG2 (+0,02 %)

$IGLN (+0,55 %)

$SPGP (-0,31 %)

$GDXJ (-1 %)

$BTO (-0,14 %)

$FF (+6,29 %)

🥈Silver:

$PHAG (+0,02 %)

$FR (-1,25 %)

🥉Copper:

$COPA (-2,01 %)

$HBM (-2,09 %)

$ATYM (-2,64 %)

❓Do you see a continuation of the bull market in metals and are you positioned accordingly?

Apart from the current standard reasons "geopolitical uncertainties, expectations of interest rate cuts, weakening US dollar", I can't think of any 🤷‍♂️

$PHAG (+0,02 %)

$IGLN (+0,55 %)

$EWG2 (+0,02 %)

$SPGP (-0,31 %)

$GDXJ (-1 %)

$FR (-1,25 %)

$FF (+6,29 %)

$BTO (-0,14 %)