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- Daily Metals Mining Rundown and Peer Table - Free Edition for 11 Feb 2025 (intraday TSX)
Daily Metals Mining Rundown and Peer Table - Free Edition for 11 Feb 2025 (intraday TSX)
Daily rundown of mining company announcements and movements in metal prices and mining equity valuations according to our attached Metals Mining Peer Table, which is a compilation of publicly available information covering 9 important metals and more than 400 mining stocks listed globally, and includes the mineral resource holdings of all 400+ companies and project NPV information for some 140+ developers, all retrieved from the companies' published technical reports.
Host Rock Capital
February 11, 2025
Today’s spot metals price movements intraday TSX (past ~24 hours) include:
Copper price down -2.7% to $4.57/lb Cu
Nickel price down -0.5% to 9.78/lb Ni
Palladium price down -2.0% to $987/oz Pd
Platinum price down -0.3% to $1,024/oz Pt
Silver price down -0.8% to $31.95/oz Ag
Gold price flat at $2,908/oz AuEq
Uranium price down -1.8% to $68.40/lb U3O8
Lithium price down -0.6% to $10,492/t LCE
Gold silver ratio appears to have (briefly) broken out of its ~2 year flatter resistance line earlier today, which was around ~91.9, before reaching as high as 92.19 and then falling back below the line to 91.01. If this breakout materializes and gold/silver ratio continues rising above the resistance line, the odds of recession rise significantly based on general trends of past recessions.
Today’s top metals mining peer group movers intraday TSX (including ASX movements earlier today) include:
Lithium brine explorers’ peer group median share performance is up +2.2% to a peer group median market cap/t resource of $3.46/t LCE ($0.89/oz AuEq)
Uranium explorers’ median is up +0.5% to median market cap/lb of $0.99/lb U3O8 ($35/oz AuEq)
PGM developers’ median is down -3.3% to median market cap/oz of $3/oz PdEq ($8/oz AuEq) and to a median P/NAV of 0.09x (at our Reference palladium price of $1,800/oz).
Lithium producers’ median is down -2.4% to median market cap/t of $259/t LCE ($66/oz AuEq)
Lithium brine developers’ median is down -2.3% to median market cap/t of $7.74/t LCEe ($2/oz AuEq) and to a median P/NAV of 0.043x (at our Reference lithium price of $20,000/t LCE)
PGM producers’ median is down -2.1% to median market cap/oz of $12/oz PdEq ($32/oz AuEq)
Nickel producers’ median is down -2.1% to median market cap/lb of $0.13/lb NiEq ($49/oz AuEq)
No metals mining company announcements incorporated into today’s Peer Table (resource updates, economic studies, changes in attributable project ownership)
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