Daily Metals Mining Rundown for 19 Feb 2026 (after-market ASX)

The silver price continued its upward march over the past ~24hrs, rising +3% and reapproaching $78/oz, while nickel, gold, and platinum also inched higher by +1-2%; Mining stocks mostly rose over the last session, including multiple percent gains by most silver, uranium, gold, and PGM miners; Covered announcements include annual reserves and resources updates by Lundin Mining and Iamgold.

Author

Host Rock Capital
February 19, 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 504 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):

  • Copper producer Lundin Mining (TSX:LUN) announced yesterday (18 Feb) its annual reserves and resources update that grew M&I copper resources by +37% on 100%-ownership basis (+17% on attributable basis), overshadowing a 42% drop in copper reserves (because the now larger M&I resource should ultimately be converted into reserves). And a significant share of these resources are non-cash-flowing from development project Filo del Sol within its broader Vicuña project 50% held by LUN in a JV with BHP - for which a possible looming construction decision could re-rate their market value. LUN’s overall attributable resources grew to 142 Mlbs CuEq (173.5 Moz AuEq) at our 3-month trailing average metal prices (55% from Cu, 35% from Au, 10% from Ag), which helped LUN stock gain +3.6% yesterday (18 Feb) after this news (vs. copper producer peer group median performance of flat +0%) to C$35.20/sh, market cap C$30b, and market cap/lb resource US$0.15/lb CuEq ($127/oz AuEq) - a 23% discount to our 24-company copper producer group median US$0.20/lb CuEq ($160/oz AuEq).

  • Intermediate gold producer Iamgold (NYSE:IAG) announced Tuesday (17 Feb) its annual reserves and resources update, that saw a +22% jump in M&I resource tonnage to 1.0 Bt and a +16% increase in contained gold ounces to 31Moz Au, overshadowing a slight -7% drop in reserve gold ounces to 9.9Moz. Overall combined M&I + inferred resources grew to 43.5Moz Au, and IAG stock traded roughly flat on this news, and is down -5% over past week ending 18 Feb (in-line with intermediate gold producer group median -4% for same period) to US$21.27/sh, market cap US$12.6b, and market cap/oz resource US$289/oz Au - a narrow 3% discount to our 60-company intermediate gold producer median US$298/oz AuEq, and a 55% discount to the more advance senior gold producer group median US$647/oz AuEq (the group that could acquire IAG for its solid portfolio of multiple producing mines in the great low-risk mining jurisdiction of Canada.

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.