Daily Metals Mining Rundown for 7 May 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
May 07, 2025

Today’s metal price movements (over past ~13hrs) and mining company peer group movements through ASX trading (including yesterday’s TSX/NY movements) include:

Today’s top and bottom 40 performing metals mining company stocks (of 457 in our Peer Table) through ASX trading and including Friday’s TSX/NY movements include:

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

  • 6 May 2025 - Silver explorer Silver One Resources (TSXV:SVE) announced a resource estimate for its flagship Candelaria project in Nevada, which tightens and replaces the prior historic resources previously reported by the company. Total reported open pit resources are mostly in the measured and indicated (M&I) category with rather high silver grades (22Mt M&I grading 94 g/t Ag and 0.20 g/t Au for 66.75 Moz Ag and 0.14 Moz Au) plus a small inferred open pit resource (2.96 Mt inferred grading 68 g/t Ag and 0.18 g/t Au for 6.5 Moz Ag and 0.02 Moz Au). Total company resources including small shares of underground and low-grade stockpiles now stand at 103 Moz AgEq (96% from Ag) at our estimated 3-month trailing average metal prices. SVE stock traded up a solid 15% yesterday (6 May) following this news (vs. our 19-company silver explorer peer group median +3.7%) to a market cap/oz resource of $0.50/oz AgEq ($47/oz AuEq) - just a slight premium to silver explorer group mean of $0.47/oz ($44/oz AuEq) and median $0.29/oz AgEq ($27/oz AuEq), which appears justified for this advanced stage exploration project at the past-producing Candelaria mine (which the company says had been one of the highest grade silver producers in the state of Nevada, averaging 1,200 g/t AgEq from high-grade veining between the mid-1800s and mid-1900s) that should continue to grow including from more drilling set to resume later this year, which could pave the way for a PEA demonstrating solid economics from this relatively high-grade silver open pit project.

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