Daily Metals Mining Rundown for 14 Apr 2026 (after-market ASX)

Most metal prices gained over past ~24 hrs, led by silver rising +4.5% to 77.50/oz followed by PGMs, lithium, copper, nickel, and gold rising ~1.5-3%; This helped most mining stocks gained by a ~2% or more across the metals spectrum, with ASX 200 rising ~0.5% today; Covered announcements include a PEA by Silverco Mining for its Cusi project in Mexico, and a toll-milling feasibility study by Amex Exploration for phase 1 of its Perron project in Abitibi, Quebec.

Author

Host Rock Capital
April 14, 2026

Today’s metal price movements (over past ~24 hrs) 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 511 in our Peer Table) through ASX trading (including yesterday’s TSX/NY movements):

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

  • Former silver explorer – now silver developer - Silverco Mining (TSXV:SICO) announced today (13 April) a PEA for its flagship Cusi project in Mexico. Company has sufficient funds to finance the restart of this past-producing mine, which it aims to achieve by end of 2026, with full ramp up by mid-2027. Cusi is a rare primary silver deposit, with a highest-in-class 88% of its revenue to come from silver, according to the study’s recovery assumptions (rest Pb-Au-Zn). The PEA contemplated underground mining and trucking via 30-tonne highway trucks to the company’s existing 1,200 tpd mill located 40 km from the mining areas, which yielded a post-tax NPV5 of US$312m at spot silver price US$75/oz Ag from initial capital of only US$19m, resulting in a P/NAV (market cap/NPV) of 0.89x – which should roughly double to the ball park of ~2x once full commercial production is reached (for this rare high-silver content primary silver project) – making it an excellent take-out target for any of the many nearby operators (First Majestic Silver, Kootenay Silver, Discovery Silver, Endeavour Silver, Pan American Silver, Agnico Eagle, Alamos Gold, or Coeur Mining). Cusi hosts mineral resources of 9.0 Mt (M&I+I) including M&I share of 4.9Mt grading 206 g/t Ag, 0.15 g/t Au, 0.73% Pb, 0.86% Zn (262 g/t AgEq) – which are set to grow from an ongoing 30,000m drill program. SICO stock traded roughly flat today 13 April on this news (down ~1% intraday) in-line with silver developer group median performance of flat +0%.

  • Gold developer Amex Exploration (TSXV: AMX | FSE: MX0 | OTCQX: AMXEF) announced today (13 April) a phase 1 feasibility study for its flagship Perron project in Quebec, which replaces the broader/longer-term potential evaluated in the prior 2025 PEA – as this phase 1 FS incorporates only Measured and Indicated resources, which fed into a maiden ore reserve of 2.0 Mt @ 12.10 g/t Au for 774 koz Au. The study contemplates underground mining and toll-milling over a 5 year life of mine (LOM) using 30-35 tonne trucks by a local contractor, and the company has entered into one non-binding letter of intent and is in discussions with multiple parties for toll-milling agreements in the area (although there is no guarantee that an agreement will be reached). Post-tax NPV5 was C$1.1b at US$3,500/oz Au from initial capital of C$194m. AMX stock traded up +24% today 13 April (intraday) on this news, to C$5.16/sh and market cap C$737m, with company resources of 2.31Moz trading at a market cap/oz resource of US$231/oz (well above gold developer mean US$118/oz Au and a 14% discount to more advanced intermediate gold producer median US$270/oz AuEq).

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.