Daily Metals Mining Rundown for 24 June 2025 (after-market ASX/pre-market TSX)

Rundown of company announcements, valuations, and underlying metal prices, according to our compilation of publicly available information covering 9 important metals and more than 450 mining stocks, including mineral resource inventories, and including project NPV information for some 150+ developers.

Author

Host Rock Capital
June 24, 2025

Today´s metal price movements (over past ~18hrs) and mining company peer group through ASX trading (including yesterday’s TSX/NYSE movements) include:

Top and bottom 40 daily performing metals mining company stocks (out of 469 in our Peer Table) through ASX trading (including yesterday’s TSX/NYSE movements) include:

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

  • 24 June 2025 - Former gold explorer - now gold developer - Snowline Gold Corp (TSXV:SGD) announced PEA results for its flagship 100%-owned Valley Gold project in Yukon, which reported a post-tax NPV of C$3.4b at US$2,150/oz from initial capex of C$1.7b. This project had been one of Canada’s major discoveries of the past decade, with the deposit beginning to take shape back in early 2022 on follow up drilling that returned intersections that included 1.01 g/t Au over 136.8m, 1.27 g/t Au over 108m, and 1.25 g/t Au over 168.7m, which ultimately led to a huge open pit resource estimate containing 8.83Moz Au (including high M&I share of 7.94 Moz grading 1.21 g/t Au). This top tier gold explorer had traded just above the upper quartile range of our gold explorer peer group on market cap/oz over much of past year, and now graduates to our gold developer peer group, and trades at a (23 June) market cap/oz resource of US$105/oz - a premium to our 68-company gold developer mean $65/oz (which appears justified due to SGD’s sheer size, strong economics with multi-billion dollar NPV, decent grade over 1g/t, but ESPECTIALLY due to its SUPER LOW open pit strip ratio of 1.09:1 (waste:ore), which led to SUPER LOW LOM AISC of $844/oz ($569/oz in years 2-6) in this PEA, all of which should be well received by the market today (24 June). On P/NAV (taken as market cap/post-tax NPV, SGD traded (yesterday 23 June, before PEA was announced) at P/NAV of 0.59x (at our Reference gold price of US$1,800/oz) - a 25% DISCOUNT to our gold developer mean 0.79x (and just above median 0.42x).

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