Daily Metals Mining Rundown for 1 April 2025 (after-market TSX)

Rundown of company announcements, valuations, and underlying metal prices, according to our compilation of publicly available information covering 9 important metals and more than 450 mining stocks, including mineral resource inventories, and including project NPV information for some 150+ developers.

Author

Host Rock Capital
April 01, 2025

Today’s metal price movements (over past ~26 hrs) and mining company peer group movements after-market TSX (including earlier ASX movements) include:

Top and bottom 40 daily performing metals mining company stocks (out of 458 in our Peer Table) after-market TSX (including earlier ASX movements) include:

Coverage of metals mining company announcements incorporated into today’s after-market TSX Peer Table (resource updates, economic studies, changes in attributable project ownership) include:

  • 1 Apr 2025 - Silver explorer Andean Silver (ASX:ASL) announced a resource update for its flagship, high-grade Cerro Bay silver-gold project in Chile, which near doubled tonnage and grew contained precious metal by 22% to a reported 111Moz AgEq at 353g/t AgEq, following the addition of two new initial resources (Pegaso 7 and Cristal). At our estimated 3-month trailing average metal prices, resources grew to 118 Moz AgEq (1.3 Moz AuEq) grading 375 g/t AgEq (4.2 g/t AuEq) and have Ag/Au metal value split of 40% Ag/60% Au. Resources have grown steadily since this project was acquired in 2024, which appears to be rising commensurate with drilling (and now has a solid chunk in the indicated category paving the way for a future reserve). And the company says the potential for growth beyond this is “enormous” (across the company’s large land package containing many historic mines)….So although this relatively high-grade, >100Moz AuEq (>1Moz AuEq) should already be large enough to be demonstrated economic in a PEA or Scoping Study, it probably makes sense to grow these deposit complexes further (given the apparent easy, low-hanging fruit here) before making a first pass at evaluating economics and pivoting towards development. ASL stock sold off gradually following this news (alongside slight downticks in the gold and silver prices intraday ASX), before closing down -9.5% (to share price A$1.15) to a market cap / oz resource of US$1/oz AgEq ($86/oz AuEq), at a premium to silver explorer peer group mean of $0.50/oz AgEq ($44/oz AuEq) which appears justified due to its high-grade, growth-potential, and solid (higher-priced) gold share of resources (altogether also helping make it an ideal takeout target for larger silver and gold companies).

Source: Andean Silver

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