Daily Metals Mining Rundown for 20 Feb 2026 (after-market ASX)

Most metal prices rose over past ~26hrs, led by silver, platinum, palladium which gained +2-3% to just under $81/oz Ag, $2,150/oz Pt, and $1,750/oz Pd, which is still ~6-14% below recent highs from around a month ago; This helped larger cap silver stocks rise +3% or more, alongside larger cap uranium stocks - while most gold stocks inched up more than 1% and other metals miners were largely flat; Covered announcements include annual reserves and resources updates by Centerra Gold and St Barbara Ltd, and a toll milling PEA by Red Pine Exploration for its Wawa project in Ontario.

Author

Host Rock Capital
February 20, 2026

Today’s metal price movements (over past ~26 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 and intermediate gold producer Centerra Gold (TSX:CG) announced Thursday (19 Feb) its annual reserves and resources update that grew gold and copper reserves by a reported +58% and +49% to 5.5Moz Au and 3.56 Blbs Cu, with overall resources rising roughly 10% to 24.9 Moz AuEq (62% from Au, 24% from Cu, rest Ag-Mo) - demonstrating excellent year-over-year replacement of both reserves and resources. CG stock gained +1.4% (in-line with intermediate gold producer median +1.6%) Thursday following this news, to C$26.01/sh, market cap C$5.2b, and market cap/oz resource US$153/oz AuEq - a 50% discount to intermediate gold producer median $305/oz AuEq.

  • Intermediate gold producer St. Barbara (ASX:SBM) announced today (20 Feb) its annual reserves and resources update, which grew resources by +14% or 1Moz to 7.9Moz, with reserves remaining relatively unchanged at 3.8Moz (was 4.0Moz). And a small share of silver resources and reserves (15.3 Moz and 4.5 Moz) are now also reported from Simberi operations in Papua New Guinea. SBM stock traded flat +0% on this news, to A$0.76/sh, market cap A$898m, and market cap/oz resource US$78/oz - for a wide 74% discount to our 60-company intermediate gold producer median US$305/oz AuEq.

  • Former gold explorer - now gold developer - Red Pine Exploration (TSXV:RPX) announced Wednesday (18 Feb) a toll-milling PEA for its 100%-owned Wawa gold project in Northwestern Ontario, Canada with resources of 1.75 Moz Au. The study outlined a phased development plan beginning with open pit mining followed by underground mining, and assumed material will be crushed and transported by highway truck to an off-site toll milling facility for processing in the region (although no toll milling arrangement has been negotiated or agreed upon yet). Post-tax NPV C$523 from initial capex of C$51m, with AISC US$2,149/oz. RPX stock traded down somewhat following this news - was down -13.6% for the week (ending 19 Feb), underperforming our 81-company gold developer peer group median weekly performance of flat +0%) - as investors may have questioned the value of this toll-milling PEA with no arrangement in place at a time when most mills ought to be a full capacity due to high gold price. Share price was (on 19 Feb) C$0.19/sh, market cap C$68.9m, market cap/oz resource US$29/oz AuEq - a 64% discount to our gold developer group median US$80/oz AuEq (although most developers have on-site mills), and a 52% discount to our 85-company gold explorer group median US$60/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.