Daily Metals Mining Rundown for 3 Feb 2026 (intraday TSX)

Precious metals prices BOUNCED over past ~26hrs into NA trading today, with platinum & palladium rising +5-6% and gold & silver rising +3-5%; Copper & nickel also rose +3% and +1%: This helped most globally listed mining stocks rise by 4-5% in latest session; Covered announcements include PFS by Pursuit Minerals for Rio Grande Li brine project in Argentina.

February 03, 2026

Today’s metal price movements (over past ~26hrs) and mining company peer group movements intraday TSX/NY (including earlier ASX movements):

Top and bottom 40 daily performing metals mining company stocks (out of 503 in our Peer Table) intraday TSX/NY (including earlier ASX movements):

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

  • Former lithium brine explorer – now developer – Pursuit Lithium (ASX:PUR) announced yesterday (2 Feb) results of a PFS and maiden reserve for its flagship, 100%-owned Rio Grande Sur project in Salta Province, Argentina. The study contemplates 5,000 tpa for 25-yr mine life from 6 production wells and a network of evaporation ponds, yielding a post-tax NPV8 of US$364m from initial capital of US$136.5m at a LT Li price of $27,500/t Li carbonate (that the study assumes is variable, starting at US$5,714/t Li carb first year, and rising to $22,500/t Li carb by year 4, and finally to $27,500/t Li carb from year 6) - with low all-in sustaining costs US$6,520/t. PUR stock inched higher following this news, and is up +8% over past week (ending 3 Feb) - strongly outperforming our 16-company Li brine developer peer group median weekly performance of -15% - to A$0.13/sh (3 Feb) and market cap A$24m, market cap/oz resource US$13/t LCE (36% discount to group median US$20.5/t LCE) and P/NAV of 0.21x at our 4-month trailing average Li price US$16,264/t LCE (in-line with Li brine developer median 0.21x).

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