Daily Metals Mining Rundown for 16 June 2025 (intraday 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
June 16, 2025

Today’s metal price movements (since Friday’s close) and mining company peer group movements intraday TSX/NYSE trading (including earlier ASX movements) include:

Top and bottom 40 daily performing metals mining company stocks (out of 459 in our Peer Table) intraday TSX/NYSE (including earlier ASX closing prices) include:

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

  • 16 June 2025 - Nickel (and now also gold) developer Lunnon Metals (ASX:LM8) announced results of a scoping study for its Lady Herald gold project in Australia, which presented un-discounted cash flows for the project (but excluded discounted cash flow and NPV info) yielding cumulative pre-tax CF of A$44.7M from minimal startup capital (initial capex reported to be a nominal ~A$1.2M for some roads etc.) and low AISC of A$2,100/ozm, pending commercial agreement for off-site processing, which the study assumes will be reached with St Ives Gold Mining Company (SIGM) (see LM8 PR dated 21 March 2025). Processing costs for this scoping study were provided by SIGM, but are commercially sensitive and thus tentative. We now also add LM8 to our gold developer peer group given its recent focus on this Lady Herald gold project and given the state of the nickel market (despite lady Herald’s gold resources only accounting for 4% of LM8’s overall company mineral resources - with lion’s share 87% coming from nickel, at our estimated 3-month trailing average metal prices of US$3,144/oz Au and $7.15/lb Ni). LM8 stock traded up +2.4% today (16 June) following this news (vs. Ni developer peer group median daily performance of flat +0% and gold developer median dow -0.8%). LM8’s overall company resources of 288 Mlbs NiEq (0.66 Moz AuEq) trade at a market cap/lb of US$0.10/ln NiEq (US$45/oz), which is above our 15-company nickel developer peer group mean of US$0.076/lb NiEq ($33/oz AuEq), and in between our 65-company gold developer peer group median US$35/oz and mean $95/oz AuEq.

Disclaimer: Provided for informational and educational purposes, and is not intended as investment advice. For full disclosures, visit www.hostrockcapital.com/disclosures.