Daily Metals Mining Rundown for 2 Oct 2025 (intraday TSX)

Uranium, copper nickel prices are up >1% today, while gold, silver, and platinum correct slightly; Larger cap Uranium and Li mining stocks look good; Updated scoping study by Carnavale Resources for Kookynie gold project in Australia.

October 02, 2025

Today’s metal price movements (over past ~27hrs) 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 491 in our Peer Table) intraday TSX/NYSE trading (including earlier ASX closing prices) include:

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

  • 2 Oct 2025 - Gold developer Carnavale Resources (ASX:CAV) announced an updated scoping study for its Kookynie gold project, which replaces last year’s study. Pre-tax NPV8 was A$188m from pre-production capital of only A$3m. At our 3-month trailing average gold price US$3,350/oz, the NPV dropped ~8% and stock now trades at P/NAV (market cap/70% of pre-tax NPV) of 0.17x (was 0.15x) - in between our 69-company gold developer peer group median and mean 0.14x and 0.21x.

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