Daily Metals Mining Rundown for 8 May 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
May 08, 2025

Today’s metal price movements (over past ~21 hrs) and mining company peer group movements through TSX trading (including earlier ASX movements) include:

Top and bottom 40 daily performing metals mining company stocks (out of 457 in our Peer Table) through TSX trading (including earlier ASX movements) include:

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

  • 8 May 2025 - Former gold explorer - now gold developer - Western Exploration (TSXV:WEX) announced a PEA for its Doby George deposit at its flagship Aura project in Nevada. The study reported an after-tax NPV5% of US$70.7M from initial capex of $127.6M at gold price of US$2,150/oz (study says NPV increases to $211.2M at higher gold price of $3,000/oz (which is still well below spot price). WEX traded down -11% today (8 May) intraday TSX (vs. our 64-company gold developer peer group median performance of flat +0%) to an overall market cap/oz resource (including company-wide resources of 1.22 Moz which are 92% from gold, rest silver, at our estimated 3-month trailing average metal prices) of US$18/oz AuEq, which is roughly 31% below our gold developer peer group median $26/oz AuEq. On P/NAV (market cap/post-tax NPV), at our recent spot gold price of US$3,022/oz, WEX trades at 0.14x - in between our gold developer peer group median 0.08x and mean 0.16x (at same recent spot gold price).

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