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- Daily Metals Mining Rundown and Peer Table - Free Edition for 30 Jan 2025 (intraday ASX) - Gold/Silver Ratio Continues to Breakout of its Downtrend
Daily Metals Mining Rundown and Peer Table - Free Edition for 30 Jan 2025 (intraday ASX) - Gold/Silver Ratio Continues to Breakout of its Downtrend
Daily rundown of mining company announcements and movements in metal prices and mining equity valuations according to our attached Metals Mining Peer Table, which is a compilation of publicly available information covering 9 important metals and more than 400 mining stocks listed globally, and includes the mineral resource holdings of all 400+ companies and project NPV information for some 140+ developers, all retrieved from the companies' published technical reports.
Host Rock Capital
January 29, 2025
Today’s metals price movements intraday ASX (over past ~8 hours) include:
Platinum up +0.7% to $974/oz Pt
Palladium up +0.7% to $975/oz Pd
Silver up +0.4% to $30.78/oz Ag
Gold up +0.3% to $2,760/oz Au
UPDATE ON THE GOLD/SILVER RATIO
The gold/silver continues to breakout of its downtrend, continuing to suggest the onset of a recession is imminent
Today’s metals mining peer group movers intraday ASX inlcude:
Uranium producers’ peer group median share performance is up +2.7% to median market cap/lb U3O8 resource of US$8.61/lb U3O8e ($295/oz AuEq)
Silver producers’ median up +2.7% to median market cap/oz of $1.28/oz AgEq ($109/oz AuEq)
PGM producers’ median up +2.5% to median market cap/oz of $11/oz PdEq ($30/oz AuEq)
Silver developers’ median up +2.3% to to median market cap/oz of $0.36/oz AgEq ($30/oz AuEq) and to a median P/NAV of 0.52x (at our Reference silver price of $22/oz Ag)
PGM developers’ median share perforance is down -2.4% to median market cap/oz of $3.5/oz PdEq ($9.4/oz AuEq) and to a median P/NAV of 0.12x (at our Reference palladium price of $1,800/oz PdEq)
Cobalt producers’ median down -1.9% to median market cap/lb of $0.24/lb CoEq ($57/oz AuEq)
Nickel producers’ median down -1.3% to median market cap/lb of $0.15/lb NiEq ($54/oz AuEq)
No metals mining company announcements incorporated into today’s Peer Table (resource updates, economic studies, changes in attributable project ownership).
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