Weekly Metals Mining Rundown for Week Ending 13 Feb 2026

Spot uranium pricing crept up +5% over past week and is reapproaching $90/lb U3O8, while lithium gained most rising +7%, platinum, palladium, copper, nickel prices dropped -1-2%, and gold & rhodium inched 2-3% higher; Most mining stocks were rather flat, except larger cap precious and base metals stocks and uranium explorers, which mostly gained multiple percent or more - led by senior gold producers which gained a median of +7%; Covered announcements include PEA by 1911 Gold Corp. for its True North gold project in Manitoba.

Author

Host Rock Capital
February 14, 2026

This past week’s top & bottom metal price and mining company peer group movers include:

13 Feb 2026

This past week’s top 40 performing metals mining stocks (out of Peer Table’s 504) include (share price rounding errors apply, as sourced from Google Finance):

Covered mining company announcements incorporated into this week’s Peer Table (resource updates, economic studies, changes in project ownership):

  • Former gold explorer – now gold developer – 1911 Gold Corporation (TSXV:AUMB) announced Tuesday (10 Feb) a PEA for its True North gold project in Manitoba – which historically produced ~2Moz from 10Mt @ 7g/t with recoveries of 94% at rates up to 2,250 tpd from a process plant that is still in-place. The PEA contemplates an UG mine producing 4Mt @ 4.32 g/t Au over 11-yr LOM at rate of 1,215 tpd with high gold recovery 93.5%, yielding a post-tax NPV5 of C$391m from pre-production capital of only C$109.9m (largely given existing mill) with decent AISC of US$1,897oz, which jumps to a NPV5 of $998m at recent spot gold $4,800/oz. And this True North past-producing mine is surrounded by numerous past-producing mines within trucking distance to True North mine, which could be used to expand production in the future – especially given this PEA only uses some ~54% of the True North mill’s historical maximum mill capacity of 2,250tpd. AUMB stock surprisingly dropped on this news (and it appeared to be shorted by bad actors) and traded on strong volume down -10% this past week ending 13 Feb (underperforming group median gain of +2%) to C$0.94/sh, market cap C$289m, and P/NAV (market cap/NPV) of 0.33x at our 3-month trailing average gold price US$4,441/oz – roughly around the upper-quartile-range or 75-percentile of our 76-company gold developer peer group (that has a median 0.15x and mean 0.20x at same gold price). But AUMB stands out because it has an already-built/permitted mill, and is therefore is already fairly de-risked and well on its way to production targeted in 2027 after a PFS that is being kicked off in H2/2026. Once commercial production is reached, this P/NAV should approach the ~1x range (from current ~0.33x range) – pending results of future studies including PFS as this PEA is preliminary in nature.

13 Feb 2026

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.