Themes / Group
Inactive · established relationshipLatest completed snapshot · Sep 24 · 18:29 ET

MARKET-DISCOVERED GROUP

Gold Mining

THE TRADER READRecurring relationship, inactive in the latest snapshot

5 of 6 measured session-normalized paths align to the upside across 4.3 effective names. SCCO is also moving with filing-linked members. Capital-flow agreement is 47%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth5 up · 1 down+0.7% session-normalized median path
Capital-flow alignment47%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 2/100 · lift 0.8×
Evidence depth1 episodeLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 09:30–15:55 ET
TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.
  1. 5-minute inferenceKGC registered the first material upside path

    +2.39% session path at the threshold · KGC

  2. 5-minute inferenceWRN registered a material downside path

    -2.10% session path at the threshold · WRN

  3. 5-minute inferenceNEM registered a material upside path

    +0.60% session path at the threshold · NEM

  4. 5-minute inferenceAUGO registered a material upside path

    +1.36% session path at the threshold · AUGO

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.
THEME CONSTRUCTION

Broad move or one-stock disguise?

Session-normalized 5m paths

Observed movement is balanced across 4.3 effective names. KGC represents 32.1% of absolute path energy; 5 of 6 members align with the up relative path.

ConstructionBalanced32.1% from the largest path
Effective names4.3 / 6Movement diversity after concentration
Direction breadth5/6 alignedupside relative path · 1 counter-moving
Largest moverKGC 32.1%60.5% from the top two paths
KGC32.1%Dominant mover · path +3.08% · basket +0.51pp
WRN28.4%Dominant mover · path -2.73% · basket -0.46pp
HL18.6%Aligned contributor · path +1.79% · basket +0.30pp
SBSW9.4%Aligned contributor · path +0.90% · basket +0.15pp
NEM6.1%Aligned contributor · path +0.59% · basket +0.10pp
AUGO5.3%Aligned contributor · path +0.51% · basket +0.08pp
Top six names by movement share are shown. Movement share measures absolute 5-minute path energy; signed basket contribution is equal-weight. Neither is a portfolio weight or causal attribution.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred
  1. KGC moved higher firstFirst member to clear the material path threshold · path +2.39%
  2. WRN registered a material lower path0m after the first price move · path -2.10%
  3. NEM registered a material higher path0m after the first price move · path +0.60%
  4. AUGO registered a material higher path0m after the first price move · path +1.36%
  5. HL registered a material higher path90m after the first price move · path +1.34%
  6. SBSW registered a material higher path105m after the first price move · path +0.38%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized
Sep 25 · 09:30 ETMove visible 09:35 ETSep 25 · 15:55 ET
Group median +0.75%Strongest relative path KGCWeakest relative path WRN

Observed member paths normalized to the session. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

No high-confidence shared filing driver is available. The market relationship is observed, but the cause remains unexplained.

CONFIRMATION NETWORK

Outsiders and cross-asset links

1 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

SCCOMoving with group

HL · text peer

CDENot confirming

NEM · text peer

RGLDNot confirming

NEM · text peer

LODENot confirming

NEM · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
KGCWRNAUGOSBSWNEMHL

5/6 active5 rising · 1 falling

MemberUnusual activityToday's moveRead now
KGCKinross Gold Corporation
Most unusual · 100/100
+2.6%
Dominant path moverActive in 100% of observed group sessions
WRNWestern Copper and Gold Corporation
Elevated · 77/100
-1.3%
Dominant path moverActive in 100% of observed group sessions
AUGOAura Minerals Inc.
Elevated · 60/100
+0.6%
Aligned price + flowActive in 100% of observed group sessions
SBSWSibanye Stillwater Limited
Elevated · 32/100
+3.2%
Aligned price + flowActive in 0% of observed group sessions
NEMNewmont Corporation
Participating · 16/100
+0.1%
Aligned price + flowActive in 100% of observed group sessions
HLHecla Mining Company
Quiet · 11/100
+1.4%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
KGCKinross Gold CorporationMost unusual+2.6%100% of 1 sessionsMost unusual activity in this snapshot; performance direction may differ.
WRNWestern Copper and Gold CorporationParticipating-1.3%100% of 1 sessionsPrice participation is not yet confirmed by per-name flow.
AUGOAura Minerals Inc.Participating+0.6%100% of 1 sessionsPrice participation with accumulating signed flow.
SBSWSibanye Stillwater LimitedParticipating+3.2%0% of 1 sessionsPrice participation with distributing signed flow.
NEMNewmont CorporationParticipating+0.1%100% of 1 sessionsPrice participation with distributing signed flow.
HLHecla Mining CompanyQuiet / lagging+1.4%0% of 1 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
Low structural sample

Only 1 completed episode across 1 active session; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support18 daysHow often the cohort identity was observed
Completed episodes1Separate periods of broad group activity
Active sessions1Completed session observations, not trades
2026-09-221 active session100% composition consistency through the episode
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
AUGO100% · 1 episode
KGC100% · 1 episode
NEM100% · 1 episode
WRN100% · 1 episode
HL0% · 0 episodes
SBSW0% · 0 episodes