Daily Metals Mining Rundown for 31 July 2025 (after-market ASX)

Copper price dips 22% through ASX trading on Trump tariff news; PGM prices are also down 3-4% and 9% over past week; Most mining stocks are down a few percent through last trading session

Author

Host Rock Capital
July 31, 2025

Today’s metal price movements (over past ~17hrs) 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 489 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:

  • 28 July 2025 - Intermediate gold producer Torex Gold (TSX:TXG) announced the acquisition of gold explorer Prime Mining (TSX:PRYM) along with its multi-million ounce Los Reyes gold-silver project in Mexico in an all-stock deal, which adds a quality near-development/advanced-exploration stage asset to TXG’s diverse Mexican portfolio that already includes production of gold, silver, and copper. PRYM shareholders are to receive a 32.4% premium to 30-day VWAP and TXG will issue roughly 10.5m shares to proforma shares of 96.71m (dilution of ~12%) to add PRYM’s 2.8 Moz AuEq (77% Au, 23% Ag) at our estimated 3-month trailing average metal prices, which grows TXG’s resources by a substantial 32% to 11.6 Moz AuEq (74% from Au, 13% Cu, 13% Ag), which closed on 30 July at a pro-forma market cap/oz AuEq resource of US$236/oz, which has been reduced by this deal to just below our 56-company intermediate gold producer mean market cap/oz of $238/oz AuEq.

Disclaimer: Provided for informational and educational purposes on an “as-is” basis, and is not intended as investment advice. For full disclosures, visit www.hostrockcapital.com/disclosures.