- Daily Metals Mining Rundown - Free (Intraday ASX)
- Posts
- Daily Metals Mining Rundown and Peer Table - Free Edition for 25 Feb 2025 (after-market ASX)
Daily Metals Mining Rundown and Peer Table - Free Edition for 25 Feb 2025 (after-market ASX)
Rundown of company announcements, valuations, and underlying metal prices, according to our compilation of publicly available information covering 9 important metals and more than 400 mining stocks, including mineral resource holdings for and project NPV information for some 140+ developers.
Host Rock Capital
February 25, 2025
Today’s metals mining peer group Today’s metal price movements after-market ASX / pre-market TSX (over past ~16 hrs) include:
Today’s metals mining peer group movers today after-market ASX (including yesterday’s TSX movements) include:
Metals mining company announcements incorporated into today’s Peer Table (resource updates, economic studies, changes in attributable project ownership) include:
20 Feb 2025 - Last week, intermediate gold producer IAMGOLD (NYSE:IAG) announced its annual reserves and resources update, which had included an updated resource estimate for its 100%-owned Nelligan Project where indicated ounces grew by 56% to 3.1 Moz Au at a 13% higher-grade of 0.95 g/t Au, with inferred ounces growing by 33% to 5.2 Moz with grade up 14% to 0.96 g/t Au. Although mineral reserves were down a slight 5% after accounting for depletion, overall measured and indicated (“M&I”) resources (inclusive of reserves) were up a slight 3% with overall total resources (including inferred) increasing by ~6%. So the previous year’s stated reserves were not quite fully replaced, significant reserves remain, and total mineral resources look to be growing more substantially, paving the the way for more conversion to reserves in the future. IAG trades just below the middle of the pack of our intermediate gold producer peer group on market cap/oz resource at $101/oz Au, which is 8% below the peer group median of $110/oz AuEq, despite AIG resources being 100% gold (no other metals/gold-equivalents) and that fact that IAG’s overall resource size of 32.8 Moz Au far exceeds the peer group median and mean of 7.2 and 11.6 Moz AuEq.
|
