Weekly Metals Mining Rundown with Peer Table - Premium Edition for Week Ending 20 Mar 2026

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

This past week’s top 40 performing metals mining stocks (out of Peer Table’s 511) 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):

• Intermediate gold producer Endomines (HEL:PAMPALO) announced Friday (13 Mar) updated estimates of reserves and resources that grew its overall Karelian Gold Line gold resources by +26% to 0.62Moz Au @ 1.85g/t Au within 11.66Mt, and grew reserve tonnage by +9.5% to 0.64Mt @ 2.29 g/t Au for 47.5koz (vs. ENDO’s 2025 production of 14.3 koz Au that was short of guidance of 16-22 koz). Endomines has come a long way in accumulating reserves and resources at its Pampalo mine and Karelian Gold Line trend since restarting its centrally located 0.45 mtpa Pampalo mill in December 2021 and (re)listing in Helsinki in Dec 2022 – and has not only replenished its production, but has also grown a multi-year runway of reserves as well as grown Karelian Gold Line resources close to management’s initially envisioned 1Moz target (that had appeared ambitious years ago) – helped by drilling success and a major new discovery (also announced last week on 10 Mar) of the Kartitsa (starter) deposit that accounts for 124koz of the company’s (620koz) resources. And the company is now targeting gold resources of 1.5-2Moz by 2030, with an aim to expand its mine and mill to allow for a multi-fold increase in gold production (targeting 70-100 koz per annum by 2030), according to company reports. Endomines stock gained +1% last week (ending 13 Mar intraday) on the back of this news (substantially outperforming our 62-company intermediate gold producer median weekly drop of -10%) to €28.30/sh (13 Mar intraday), before trading down -8% this past week ending 20 Mar (outperforming int gold producer median weekly drop of -16%) to €27.05/sh, market cap €321m, and market cap/oz resource US$611/oz – a premium to group median US$236/oz AuEq, with the premium appearing attributable to Endomine’s decent 2025 cash flow from operations of €13.1m at starter production rate, relative to still relatively small/starter resources of ~0.6Moz (with multi-fold increases to these figures targeted for 2030).

• Silver explorer Unico Silver (ASX:USL) announced Tuesday (17 Mar) an updated resource estimate for its Joaquin deposit in Santa Cruz, Argentina – which grew its silver-equivalent ounces by +143% to 167 Moz AgEq, and which paves the way for an upcoming PFS for that project. Together with the company’s other nearby Cerro Leon project, combined mineral resources grew by ~44% to 266 Moz AgEq (4.5 Moz AuEq) based on our 3-month trailing average metal pricing, which are 69% attributable to silver, 24% from Au, rest Zn-Pb. USL stock gained +2.9% intraday 17 Mar, before closing the week ending 20 Mar down -21% to 64c/sh (in-line with silver explorer group median weekly drop of -19%) , market cap A$403m, and market cap/oz resource US$1.06/oz AgEq ($62/oz AuEq) – a narrow premium to our 31-company silver explorer peer group median $0.94/oz AgEq ($56/oz AuEq), but a 47% discount to our 16-company silver developer peer group median US$2.05/oz AgEq ($121/oz AuEq) – where USL is headed soon.

• Gold explorer Turaco Gold (ASX:TCG) announced Wednesday (18 Mar) an updated mineral resource estimate (MRE) for its flagship Afema project in Cote d’Ivoire, West Africa, which incorporated additional drilling completed at the Woulo Woulo, Jonction, Anuiri, and Asupiri deposits, along with the brand new Herman deposit (next to Woulo Woulo). The MRE demonstrates continued/consistent growth since the maiden resource in 2024, with this next leg up adding +590koz (or +15%) bringing Afema project total to 4.65Moz within 115.3 Mt grading 1.3 g/t (98% pit constrained according to low/conservative gold price assumption of US$3,250/oz). TCG stock gained only +1% Wednesday (in-line with gold explorer median flat +0%), before closing the week ending 20 Mar up +3.1% to 67c/sh (strongly outperforming group median weekly drop of -13%), market cap A$700m, and market cap/oz resource US$105/oz - above group mean $88/oz and median $44/oz - as TCG advances towards developer stage with a PFS and maiden ore reserve underway now, due for completion in Q2/26.

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.