Daily Metals Mining Rundown for 16 Mar 2026 (after-market ASX)

Metal prices continued falling over the weekend, led by palladium and silver both alling -2% to ~$1,550/oz Pd and to below $80/oz Ag, while lithium fell -1.6% to $22,700/t Li carb, and gold and nickel both fell -0.5% to just below $5,000/oz Au and to $7.80/lb Ni; Platinum inched higher +1% - back above $2,050/oz Pt; ASX mining stocks started the week red and mostly fell by multiple percent or more across the metals spectrum - while broader ASX equities also declined; Covered announcements include annual reserves and resources update by Endomines Finland.

Author

Host Rock Capital
March 16, 2026

Today’s metal price movements (since Friday’s close) and mining company peer group movements through ASX trading (including Friday’s TSX/NY movements):

Top and bottom 40 daily performing metals mining company stocks (out of 513 in our Peer Table) through ASX trading (including Friday’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 Endomines (HEL:PAMPALO) announced Friday (13 Mar) updated estimates of reserves and resources that grew its overall Karelian Gold Line gold resources by +26% to 0.62Moz Au @ 1.85g/t Au within 11.66Mt, and grew reserve tonnage by +9.5% to 0.64Mt @ 2.29 g/t Au for 47.5koz (vs. ENDO’s 2025 production of 14.3 koz Au that was short of guidance of 16-22 koz). Endomines has come a long way in accumulating reserves and resources at its Pampalo mine and Karelian Gold Line trend since restarting its centrally located 0.45 mtpa Pampalo mill in December 2021 and (re)listing in Helsinki in Dec 2022 – and has not only replenished its production, but has also grown a multi-year runway of reserves as well as grown Karelian Gold Line resources close to management’s initially envisioned 1Moz target (that had appeared ambitious years ago) – helped by drilling success and a major new discovery (also announced last week on 10 Mar) of the Kartitsa (starter) deposit that accounts for 124koz of the company’s (620koz) resources. And the company is now targeting gold resources of 1.5-2Moz by 2030, with an aim to expand its mine and mill to allow for a multi-fold increase in gold production (targeting 70-100 koz per annum by 2030), according to company reports. Endomines stock gained +1% last week (ending 14 Mar intraday) on the back of this news (substantially outperforming our 62-company intermediate gold producer median weekly drop of -10%) to €28.30/sh (14 Mar intraday), market cap €341m, and market cap/oz resource US$649/oz – a premium to group median US$275/oz AuEq, with the premium appearing attributable to Endomine’s decent 2025 cash flow from operations of €13.1m at starter production rate, relative to still relatively small/starter resources of ~0.6Moz (and due to 2030 targeted multi-fold increases to these figures).

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