Daily Metals Mining Rundown for 30 July 2025 (intraday TSX)

Rhodium is on the rise, up +8% today and 26% over past week; Prices for other metals are down a bit today, while most mining stocks trades sideways to down slightly with silver stocks bearing the brunt of it

Author

Host Rock Capital
July 30, 2025

Today’s metal price movements (over past ~24 hrs) and mining company peer group movements intraday TSX/NYSE (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 (including earlier ASX closing prices) include:

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

  • 27 Jul 2025 - Intermediate gold producer and copper developer McEwen Mining (NYSE:MUX) announced the acquisition of gold explorer Canadian Gold Corp (TSXV:CGC) in all-stock deal, along with its past-producing Tartan Lake gold mine project, which MUX has the funding capacity to advance through development. MUX gets Tartan’s starter resources of ~0.3 Moz including a high-grade 0.24 Moz @ 6.3g/t in the indicated category. CGC shareholders got a 26% premium to VWAP and are set to receive 0.0225 MUX shares for each CGC share, and are set to own 8.2% of combined company. MUX’s basic shares outstanding to increase from Google Finance’s 54m to 58.7m proforma. MUX shares are down -10% over past week (ending today Wed 30 July) vs. intermediate gold producer median down -5% to US$10.45/sh or pro-forma market cap $613m or (proforma) market cap/oz resource of $19/oz AuEq for its ~33Moz AuEq resources - well below our 56-company intermediate gold producer median $159/oz (or a MUX market cap $103/oz Au for its 6Moz Au gold only, excluding copper). Against copper developer peers (MUX is a producer), MUX trades at US$0.027/lb CuEq - just above our 34-company copper developer group median US0$0.21/lb CuEq and well below mean $0.051/lb CuEq. CGC stock traded flat +0% over past week (ending today 30 July) to C$0.31/sh - vs 92-company mean loss -1%.

  • 29 July 2025 - Former lithium hard rock explorer - now lithium hard rock developer - Wildcat Resources (ASX:WC8) announced results of a PFS for its 100%-owned Tabba Tabba project in Western Australia, confirming potential for a long-life mine with a post-tax NPV8 of A$1.2b at broker consensus spodumene (6%) price of US$1,384/t spodumene from pre-production capital of A$687m. While we only NAVs for Li hard rock developers with commodities lithium carbonate or hydroxide as a product, WC8’s resources of ~1.8 Mt LCE (~5.1 Moz AuEq) trade at a WC8 market cap/t of US$76/t LCE ($27/oz AuEq) - a 15% discount to our 17-company lithium hard rock developer peer group median $88.5/t LCE (US$31.8/oz AuEq).

  • 30 July 2025 - Copper explorer Southern Hemisphere (ASX:SUH) announced an updated JORC resource estimate for 218 Mt grading 0.38% CuEq for 496,600 t Cu (1.1 Bt Cu), which included significant conversion to measured and indicated category now amounting to 174Mt grading 0.24% Cu and 0.10% Au. SUH stock traded up +3.5% today (30 July) to ~A$0.03/sh (vs. 40-company copper explorer mean daily performance of +1.4%), a market cap A$21m, and market cap/lb resource of US$0.008/lb CuEq ($5.5/oz AuEq) - a 64% discount to copper explorer median $0.022/lb CuEq ($15.3/oz AuEq).

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