Hecla Mining and Coeur Mining Spike 13% as Treasury Buyback Plan Ignites Precious Metals Rally

Hecla Mining and Coeur Mining Spike 13% as Treasury Buyback Plan Ignites Precious Metals Rally

A Treasury Department move sent silver and gold miners surging double digits in a single session, but the precious metals equities have barely kept pace with their underlying metals all year. The real question is whether Wednesday's catalyst finally closes that gap or just adds another head fake to the list.

Bessent's Treasury Move Sinks Yields, Fuels Gold Mining Stocks

The gold price jumped and the GDX gold miner ETF surged on Treasury Secretary Scott Bessent's move to cap long-term bond yields, which fell.