Hecla Mining and Coeur Mining Surge 13% on Treasury Buyback Plan

MacroCommodity
โดย Yahoo Finance·US·Read original
Summary · why it matters

Hecla Mining and Coeur Mining each surged 13% after the Treasury Department said it would at least double buybacks of long-dated government debt, pushing yields lower and lifting precious metals. The 10-year Treasury yield fell 5 basis points to 4.7%, while the 30-year yield declined 8 basis points to 5.2% after hitting its highest level since 2007 earlier this week. Lower yields reduce the opportunity cost of holding metals that pay no income, and miners like Hecla and Coeur carry heavy operating leverage to metal prices. Despite the rally, Hecla Mining stock was down 6% year to date through Tuesday's close, and Coeur Mining shares were up just 4%, so the move looks like a catch-up rather than a confirmed uptrend. First Majestic Silver leads silver peers with an 11% year-to-date gain, while Endeavour Silver has managed just 3%, both lagging the underlying metal.

Impact on stocks 6

Critical Materials & Supply Chain▲ · 4 stocks
Coeur Mining Inc
CDE
▲ PositiveMonetaryrelevance

Coeur Mining surged 13% as Treasury buyback plan lowered yields, reducing opportunity cost of holding metals.

Hecla Mining Company
HL
▲ PositiveMonetaryrelevance

Hecla Mining surged 13% as Treasury buyback plan lowered yields, reducing opportunity cost of holding metals.

First Majestic Silver Corp
AG
▲ PositiveMonetaryrelevance

Treasury buyback plan lowers yields, benefiting precious metals and miners like First Majestic Silver.

Endeavour Silver Corp.
EXK
▲ PositiveMonetaryrelevance

Treasury buyback plan lowers yields, benefiting precious metals and miners like Endeavour Silver.

Others▲ · 2 stocks

Theme Impact 1

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