Daily Metals Mining Rundown for 23 Dec 2025 (after-market ASX)

PGM prices continued rising sharply again thru TSX trading yesterday and ASX trading today, with platinum again reaching new ATHs of nearly $2,200/oz and palladium right behind at just under $1,900/oz; Nickel also rose +2% to more than $7/lb, while other metals also inched higher; Most metals mining stocks rose gently or were flat; Covered announcements include exercised option by Boab Metals to acquire remaining 25% of Sorby Hills project in Australia.

Author

Host Rock Capital
December 23, 2025

Today’s metal price movements (over past ~24hrs) 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 503 in our Peer Table) through ASX trading (including yesterday’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 Limited (ASX:BML) announced last week (on Friday 19 Dec) that is has exercised its option to 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 A$5.5m and A$5.0m 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.