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

Silver and PGM prices dipped over past ~24hrs, with silver dropping -2.3% to below $87/oz Ag (but still appearing to be broadly rising back towards the $100/oz mark), while platinum dropped -1%, palladium -3%, and most other metals traded largely flat; Mining equities (surprisingly) rose by +1% or more across the metals spectrum (in the absence of any observed material jumps in metal prices or broadly rising equity backdrop); Covered announcements include a resource update by Ora Banda Mining for its Round Dam project in Western Australia.

Author

Host Rock Capital
March 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 512 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):

  • Intermediate gold producer Ora Banda Mining (ASX:OBM) announced Wednesday an updated mineral resource estimate for its Round Dam multi-pit project in the Eastern Goldfields Province of Western Australia - which grew the deposit tenfold to 1.33Moz Au, and grew overall company-wide resources by +57% to 3.3Moz Au, with the majority (some ~2.8Moz) being co-located within ~40km of the Company’s operating 1.2Mtpa Davyhurst processing facility. This resource growth is from OBM’s ongoing A$73m (330km) 2026 exploration program, which continues to deliver outstanding results. OBM stock JUMPED +21.5% Wednesday following this news, to A$1.42/sh, market cap A$2.7b, and market cap/oz US$588 (was US$755/oz before this announcement) - which trades at a premium to our 62-company intermediate gold produce median US$301/oz AuEq (presumably due to strong cash flowing gold production, with OBM’s cash flow from operations doubling in H2/25 to A$102 million), and is a ~10% discount to senior gold producer group median $588/oz AuEq (the group that could acquire this portfolio when the time is right).

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.