Daily Metals Mining Rundown for 13 May 2025 (after-market ASX/pre-market TSX)

Rundown of company announcements, valuations, and underlying metal prices, according to our compilation of publicly available information covering 9 important metals and more than 450 mining stocks, including mineral resource inventories, and including project NPV information for some 150+ developers.

Author

Host Rock Capital
May 13, 2025

Today’s metal price movements (over past ~15hrs) and mining company peer group movements through ASX trading (including yesterday’s TSX/NY movements) include:

Today’s top and bottom 40 performing metals mining company stocks (of 457 in our Peer Table) through ASX trading and including Friday’s TSX/NY movements include:

Coverage of metals mining company announcements incorporated into today’s after-market ASX Peer Table (resource updates, economic studies, changes in attributable project ownership) include:

  • 11 May 2025 - Silver producer Pan American Silver (NYSE:PAAS) announced the acquisition of fellow silver producer MAG Silver (NYSE:MAG) for total consideration of US$2.1 billion or $20.54 per MAG share (as a mix of $500 million cash and 0.755 PAAS shares per MAG share). Before the deal (on Fri 9 May 2025), PAAS had traded at a market cap of US$9.9B, or a market cap/oz resource of US$1.0/oz AgEq ($94/oz AuEq), which had been 28% below our 18-company silver producer median $1.41/oz AgEq ($131/oz AuEq). PAAS stock fell +16% on Monday 12 May 2025 following this news (vs. peer group median performance down -2% for day), to a PAAS market cap of US$8.3B (at PAAS share price of US$22.82/sh). But including additional resources from MAG (which grow PAAS resources by ~6%and new PAAS shares to be issued to MAG (according to the announced share exchange ratio and Google’s Finance’s shares outstanding), PAAS’s market cap is set to grow to $10.1B (at current share price of $22.82/sh), or on a per ounce basis, to US$0.97/oz AgEq ($90/oz AuEq) - which is now (on 13 May, pre-market NY) a 16% discount to silver producer peer group median US$1.15/oz AgEq (US$108).

Disclaimer: Provided for informational and educational purposes, and is not intended as investment advice. For full disclosures, visit www.hostrockcapital.com/disclosures.