Investing.com -- Gold and silver mining stocks fell sharply on Thursday as precious metal prices pulled back from recent record highs, with silver miners experiencing the steepest declines.
Barrick Mining (NYSE:B), Agnico Eagle Mines (NYSE:AEM), Kinross Gold (NYSE:KGC), Newmont (NYSE:NEM), Eldorado Gold (NYSE:EGO), and AngloGold Ashanti (NYSE:AU) all fell 4% on the day. Gold Fields (NYSE:GFI) dropped 6%, while silver miners faced even larger losses.
Pan American Silver (NYSE:PAAS) and Hecla Mining (NYSE:HL), First Majestic Silver (NYSE:AG) and Coeur Mining (NYSE:CDE) declined 7%, and Endeavour Silver (NYSE:EXK) tumbled 8%.
The sector-wide decline came as gold prices retreated from their recent all-time highs. Silver, which had also been rallying strongly in recent sessions, saw a more pronounced pullback, explaining the larger percentage drops among silver-focused miners.
Mining stocks typically demonstrate amplified reactions to movements in underlying commodity prices, as their profit margins and future earnings potential are directly tied to the market value of the metals they produce.
The pullback follows a period of strong performance for precious metals, which had been benefiting from geopolitical tensions, inflation concerns, and expectations for Federal Reserve interest rate cuts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.




















