Daily Metals Mining Rundown for 18 Sept 2025 (after-market TSX)

Gold price slipped slightly intraday North America while platinum remained elevated; Most mining stocks were flat to down slightly except for some base metal, uranium and PGM stocks that were green; Covers Fuerte Metals' annnounced acquisition of Coffee project in Yukon from Newmont.

September 18, 2025

Today’s metal price movements (over past ~18hrs) 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 489 in our Peer Table) intraday TSX/NYSE trading (including earlier ASX closing prices) include:

Mining company announcements incorporated into today’s intraday TSX Peer Table (resource updates, economic studies, changes in attributable project ownership):

  • 15 Sept 2025 - Former gold (and copper, silver) explorer - now gold developer - Fuerte Metals (TSXV:FMT) announced the acquisition of the Coffee gold project in Yukon from Newmont (NYSE:NEM) for up to US$150m ($10m cash, $40m stock, and a 3% royalty that can be repurchased for $100m). Project has a new M&I resource of 3Moz @ 1.15 g/t and 0.8Moz inferred @ 1.17 g/t. FMT’s basic shares outstanding will nearly triple to 99.3m for the $40m share payment to NEM combined with a concurrent $50m private placement of subscription receipts at C$1.65/sh led by Stifel and BMO. FMT stock is already up roughly 70% since the announcement thus far this week, to C$3.45/sh (intraday 18 Sept) to proforma market cap C$342m, which equates to a P/NAV (taken as market cap/post-tax NPV) of 0.25x at our reference gold price $2,000/oz (if we dust off the old/outdated 2016 Kaminak Resources Feasibility Study), which is still a 36% discount to our 68-company gold developer peer group median 0.39x (at $2,000/oz).

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