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- Daily Metals Mining Rundown and Peer Table - Free Edition for 29 Jan 2025 (intraday TSX) - Gold/Silver Ratio Appears To Be Breaking Out of its Downtrend
Daily Metals Mining Rundown and Peer Table - Free Edition for 29 Jan 2025 (intraday TSX) - Gold/Silver Ratio Appears To Be Breaking Out of its Downtrend
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
January 29, 2025
Today’s metals price movements intraday TSX (over past ~14 hours) include:
Silver price up +1.6% to $30.73/oz Ag
Palladium price up +2.3% to $968/oz Pd
Platinum price up +2.3% to $967/oz Pt
Uranium price up +0.7% to $69.20/lb U3O8
Cobalt price down -2.3% to $10.77/lb Co
Gold price down -0.2% to $2,752/oz Au
SPECIAL METAL PRICE ALERT:
The gold to silver ratio appears to be breaking out of its 2-3 year downtrend on the weekly chart
Such a breakout has marked the onset of at least the last 3 recessions, in 2001, 2008, and a short-lived one in 2020.
Today’s metals mining peer group movers intraday TSX include:
Uranium developers’ peer group median share performance is up +3.3%, to a peer group median market cap/lb resource of $0.85/t U3O8 ($29/oz AuEq) and to a median P/NAV of 0.44x (at our Reference uranium price of $65/lb U3O8)
Uranium producers’ median is up +2.0% to median market cap/lb of $8.55/lb U3O8e ($293/oz AuEq)
Silver developers’ median is up +1.9% to median market cap/oz of $0.34/lb AgEq ($29/oz AuEq) and to a median P/NAV of 0.48x (at our Reference silver price of $22/oz Ag)
Silver producers’ median is up +1.6% to median market cap/oz of $1.28/lb AgEq ($109/oz AuEq)
Nickel developers’ median is down -1.8% to median market cap/lb of $0.032/lb NiEq ($12/oz AuEq) and to a median P/NAV of 0.10x (at our Reference nickel price of $9.50/lb Ni)
Cobalt developers’ median is down -1.8% to median market cap/lb of $0.032/lb NiEq ($12/oz AuEq) and to a median P/NAV of 0.042x (at our Reference cobalt price of $20/lb Co)
No metals mining company announcements incorporated into today’s Peer Table (resource updates, economic studies, changes in attributable project ownership).
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