Santana Min. (SMI) is held by 3 ASX ETFs. Over the last year it fell 48.9%: on $10,000, −$4888. We explain 8 big moves in that time.
About SMI
- SectorMaterials
- IndustryMaterials
- Size$478.1m
- Held by3 ETFs
- Big moves8 in 1Y
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- +11.0%18 Sep 2026· Operational
Santana Minerals likely surged on renewed market interest following recent news coverage of development milestones at its Bendigo-Ophir Gold project, potentially amplified by a rising gold price environment.
- −8.0%15 Sep 2026· Sector Flow
SMI.AX fell sharply alongside a broad sell-off in the ASX Materials sector, which dropped nearly 3% on the same day.
- +8.8%10 Sep 2026· Unknown
Santana Minerals rose sharply, most likely driven by speculative investor interest ahead of an anticipated resource or exploration catalyst, with no company announcement to explain the move.
- +7.3%28 Jul 2026· Operational
Santana Minerals' stock rose 7.32% following strong drilling results at its Bendigo-Ophir Gold Project and positive gold sector momentum in late July 2026.
- −10.2%26 May 2026· Sector Flow
Santana Minerals shares fell more than 10% as investors took profits following a prior run-up in the stock.
- +7.1%20 Mar 2026· Capital Raise
Santana Minerals completed a share purchase plan, raising approximately AU$4.1 million, which supported the stock's upward move.
- −9.6%17 Feb 2026· Capital Raise
Santana Minerals (SMI.AX) fell sharply on February 16, 2026, due to the announcement of a large equity raising (A$120-$130 million placement) for its Bendigo Ophir project, which typically dilutes existing shareholders.
- −9.0%27 Jan 2026· Operational
Santana Minerals shares fell sharply due to concerns over the timing of consent for its project, as noted in multiple news articles.
Held by 3 ETFs
Of every $10,000 in each fund, how much is in SMI today.
Why did SMI fall 9.6% on 17 Feb 2026?
Santana Min.
Santana Minerals (SMI.AX) fell sharply on February 16, 2026, due to the announcement of a large equity raising (A$120-$130 million placement) for its Bendigo Ophir project, which typically dilutes existing shareholders.
The price move on February 16th directly aligns with multiple news reports from that exact date detailing a large equity raising. The news reports confirm the capital raise was for the Bendigo Ophir project, and the magnitude of the decline (-9.64%) is consistent with the ~12% drop reported in subsequent articles after trading resumed. The capital raising is the clear and primary driver of this move, as it represents a direct dilution of existing shareholders' equity.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
News coverage
What it did to the 3 ETFs holding SMI
On $10,000 in each fund, at the weight it holds today