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Weekly Metals Mining Rundown with Peer Table - Premium Edition for Week Ending 5 June 2026

Weekly Metals Mining Rundown with Peer Table - Premium Edition for Week Ending 5 June 2026

Most metal prices tanked this week along with broader equity markets, led by silver falling -10.6% to $67.30/oz, followed by PGMs & lithium falling by 7-9%, gold by -4.6% to $4,331/oz, nickel by -2% to $8.43/lb, and copper by a slim 1.5% to $6.26/lb; Most metal mining stocks dropped by multiple percent or more, led by silver miners which mostly fell by -10% or more; Broader equity market tanked also, with the big tech dominated QQQ dropping -4.5% and S&P 500 dropping by -2.6%; The QQQ priced in silver has been trending downward since March 2024, and especially (more sharply) since Aug 2025, although QQQ/SILVER gained this week by +5.9% to 10.39 while appearing to retest its 200-dma around 9.941 - after reaching lows in 2011 around 1.20 (which would represent 88% downside in the QQQ index if silver prices remained flat); And the SPX priced in gold has been trending downward since around Jan 2022, and especially (more sharply) since Jan 2025, although SPX/GOLD gained this week by +2.2% to 1.70 while appearing to retest its 200-dma around 1.57 - after reaching lows in 2011 around 0.70 (which would represent -59% of downside in the SPX index if gold prices remained flat); Covered announcements include a reserves and resources upgrade by IAMGOLD for its large Cote open pit project in Ontario, an annual reserves and resources by Northern Star Resources update that grew them by +27-28%, and the first new PEA in over a decade for the Viken uranium-polymetallic project in Sweden by District Metals.

Host Rock Capital
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