Daily Metals Mining Rundown for 22 Dec 2025 (after-market ASX)

Platinum and palladium continued rising sharply over the weekend and thru ASX trading today, with platinum rising +5% to new all time high territory of $2,100/oz Pt last seen in 2008, and palladium rising +4% to $1,850/oz (still well below 2021 ATHs over $2,800/oz Pd); Silver and gold also jumped +3% and +2% to new all time highs of US$69/oz Ag and $4,425/oz Au, with smaller upticks in pricing for most other metals; This all translated to a strong start to the week for ASX mining stocks, especially PGM and silver miners; Covered announcements include exercised option by Boab Metals to increase Sorby Hills project ownership by 25% to 100%.

Author

Host Rock Capital
December 22, 2025

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 503 in our Peer Table) through ASX trading (including Friday’s TSX/NY movements):

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

  • Silver developer Boab Metals (ASX:BML) announced last week (on Friday 19 Dec) that is has exercised its option acquire the remaining 25% interest in its flagship Sorby Hills silver-lead project in Western Australia, from (former) partner Yuguang. Consideration includes A$12m cash payment to earn the remaining 25% for 100%, before deferred milestone payments of A5.5m and A5.0m 12 months and 18 months after commencement production. The NPV8 from its 2024 Front End Engineering Design (FEED) study (more detailed/advanced than feasibility) is now 100% attributable to BML, and at our 3-month trailing average silver price of US$51.25/oz Ag, the pre-tax NPV8 (from FEED study) now increases to US$897m (70% of this is $628m and is used for P/NAV for comparison purposes), translating to a P/NAV of 0.18x - a 60% discount to our 14-company silver developer peer group median of 0.45x (at same $51.25/oz Ag).

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.