Daily Metals Mining Rundown for 11 Feb 2026 (after-market ASX)

Most metal prices rose over past ~24hrs, led by platinum, nickel and silver gaining +4-5%, followed by copper, palladium, uranium, lithium, and gold rising 1-3%; Mining stocks were relatively flat in last session, except for PGM producers which stood out and mostly gained a few percent; Covered announcements includes a PEA by 1911 Gold Corp. for project in Manitoba.

Author

Host Rock Capital
February 11, 2026

Today’s metal price movements (over past ~24hrs) and mining company peer group movements through ASX trading (including yesterday’s TSX/NY movements):

Top and bottom 40 daily performing metals mining company stocks (out of 504 in our Peer Table) through ASX trading (including yesterday’s TSX/NY movements):

Company announcements incorporated into today’s after-market ASX Peer Table (resource updates, economic studies, changes in attributable project ownership):

  • Former gold explorer – now gold developer – 1911 Gold Corporation (TSXV:AUMB) announced yesterday (10 Feb) a PEA for its True North gold project in Manitoba – which historically produced ~2Moz from 10Mt @ 7g/t with recoveries of 94% at rates up to 2,250 tpd from a process plant that is still in-place. The PEA contemplates an UG mine producing 4Mt @ 4.32 g/t Au over 11-yr LOM at rate of 1,215 tpd with high gold recovery 93.5%, yielding a post-tax NPV5 of C$391m from pre-production capital of only C$109.9m (largely given existing mill) with decent AISC of US$1,897oz, which jumps to a NPV5 of $998m at recent spot gold $4,800/oz. And this True North past-producing mine is surrounded by numerous past-producing mines within trucking distance to True North mine, which could be used to expand production in the future – especially given this PEA only uses some ~54% of the True North mill’s historical maximum mill capacity of 2,250tpd. AUMB stock closed on 9 Feb at C$1.11/sh (up +27% over past month, underperforming group median gain +41%), market cap C$341m, and P/NAV (market cap/NPV) of 0.39x at our 3-month trailing average gold price US$4,441/oz – roughly around the upper-quartile-range or 75-percentile of our 76-company gold developer peer group (that has a median 0.15x and mean 0.20x at same gold price). But AUMB stands out because it has an already-built/permitted mill, and is therefore is already fairly de-risked and well on its way to production targeted in 2027 after a PFS that is being kicked off in H2/2026. Once commercial production is reached, this P/NAV should approach the ~1x range (from current ~0.39x range) – pending results of future studies including PFS as this PEA is preliminary in nature.

Disclaimer: Provided for informational and educational purposes on an ‘as-is’ basis, and is not investment advice. For full disclosures, visit www.hostrockcapital.com/disclosures.