Daily Metals Mining Rundown for 27 Jan 2026 (after-market ASX)

Silver is up +1% over past 24 hrs and is re-testing record highs above $110/oz after temporarily dipping to $100/oz, while rhodium gained +3% and breached $10,000/oz; Gold flatlined around record highs over $5,000/oz while PGM and Li prices dipped 4-5%; Most mining stocks were roughly flat over past session, except copper miners which mostly gained at least 1-2% and uranium miners which mostly slipped by multiple percent.

Author

Host Rock Capital
January 27, 2026

Today’s metal price movements (over past ~18hrs) 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):

  • Copper explorer Metallic Minerals Corp (TSXV:MMG) announced yesterday (26 Jan) an updated inferred resource for its La Plata copper-silver project in southwest Colorado, which grew tonnage by 23% to 181.4 Mt @ 0.36% CuEq, including a pit-constrained 136 Mt @ 0.35% CuEq. Together with MMG’s Keno silver project in Yukon, company mineral resources grew by ~15% to 1.8 Blbs CuEq, which are 73% from Cu by metal value, 18% from Ag, rest Au-Pd-Pt-Zn-Pb at 3-month trailing average metal prices. MMG stock traded up +6.8% intraday (26 Jan) following this news, to C$0.40/sh, market cap C$83m, and market cap/lb resource of US$0.034/lb CuEq ($27/oz AuEq) – a 76% discount to our 39-company copper explorer peer group median US$0.044/lb CuEq resource.

  • Former gold explorer – now gold developer – Gold X2 (TSXV:AUXX) announced yesterday (26 Jan) the results of a PEA (and updated resource estimate) for its flagship 100%-owned Moss gold project in Ontario, which contemplated open pit mining and mill-flotation-leach operation producing roughly 265 koz Au and 374 koz Ag per annum – which would make it a top 10 gold producer in Canada. After-tax NPV5 was C$2.2b at gold price US$2,750/oz Au from initial capex of C$2.0b, which increases to NPV C$6.6b at spot gold US$4,600/oz Au. The project’s estimated ~6Moz resource was also updated/tightened following improved geological model and some drilling in 2025, with a 73% increase in the indicated portion – paving the way for a maiden reserve in feasibility study (and permitting) set to start H2/27. AUXX stock gained +5.3% intraday (26 Jan) vs. gold developer median +3.2% to C$0.99/sh, market cap C$492m, market cap/oz resource US$57/oz AuEq (31% discount to gold developer median US$83/oz AuEq), and P/NAV (market cap/post-tax NPV) of 0.085x at our 3-month trailing gold price US$4,256/oz – a 53% discount to our 76-company gold developer group median 0.18x (at same US$4,256/oz Au).

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.