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- Daily Metals Mining Rundown and Peer Table - Free Edition for 6 Mar 2025 (after-market ASX)
Daily Metals Mining Rundown and Peer Table - Free Edition for 6 Mar 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
March 06, 2025
Today’s metal price and mining company peer group movers after-market ASX/pre-market TSX (over past ~ 18 hrs) include:
Mining company announcements incorporated into today’s Peer Table (resource updates, economic studies, changes in attributable project ownership) include:
5 Mar 2025 - Gold explorer Galway Metals (TSX:GWM) announced filing of a NI 43-101 Technical Report for a resource update from its secondary Estrades gold-zinc-polymetallic project in Quebec, for which results were previously announced on 27 Jan 2025 alongside (buried under) some encouraging metallurgical test results that showed gold recoveries improving by 31% to 86.6%. The revamped resource estimate was largely unchanged and showed gold value share of indicated resources now making up 48%. The estimate grew total Estrades project gold-equivalent resources by ~5% to 0.85 Moz AuEq @ ~6g/t AuEq (37% Au, 29% from Zn, rest Cu-Ag-Pb) at our estimated 3 month trailing average metal prices, with overall company resources (including flagship Clarence Stream Project in New Brunswick) increasing by more than 1% to 3.10 Moz AuEq (83% from Au). These resources trade at a GWM market cap/oz of US$10.7/oz AuEq - a 33% discount to our 63 company gold explorer peer group median market cap / oz of $15.9/oz AuEq.
4 Mar 2025 - Copper explorer Canadian Critical Minerals (TSXV:CCMI) announced a resource update for its flagship Bull River Mine project in BC Canada, which increased indicated copper resource pounds (grading high at 1.58% Cu) by 11% and increased indicated gold resource ounces (grading 0.389 g/t Au) by 17%. Overall project resources grew to 751 Mlbs CuEq (71% from Cu, rest Au-Ag) or 1.2 Moz AuEq at our estimated 3-month trailing average metal prices, which trade at a CCMI market cap/oz of US$0.10/lb CuEq ($6.2/oz AuEq) - a 44% discount to our 34 company copper explorer peer group median market cap/lb of $0.18/lb CuEq ($11/oz AuEq).
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