Gold and Silver Miners Thrive Amid Precious Metals Rally

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Despite a recent pullback in gold prices, several major gold and silver mining companies have seen their share prices skyrocket over the past year, benefiting from the broader precious metals rally. Hecla Mining, Coeur Mining, and Kinross Gold have all reported strong operational and financial results, driving significant stock price appreciation.

Why it matters

The performance of these mining firms is a reflection of the overall strength in the precious metals market, which has been fueled by factors like economic uncertainty, inflation concerns, and geopolitical tensions. As major producers of gold and silver, these companies are well-positioned to capitalize on the rally and provide investors with exposure to the upside in the metals markets.

The details

Hecla Mining has seen its share price triple over the past year, thanks to its dual focus on both gold and silver production. The company's operations in Alaska and Idaho, as well as internationally, have generated strong free cash flow, allowing it to pay down debt and shore up its financial stability. Coeur Mining, meanwhile, has made a major move to acquire New Gold, which will significantly expand its production footprint to seven mining operations across North America. Kinross Gold has also excelled, reporting record free cash flow in the third quarter of 2025 and returning capital to shareholders through buybacks and dividend increases.

• In the last 12 months, the VanEck Gold Miners ETF (GDX) has returned 147%.
• Hecla Mining's share price has risen 300% over the past year, even after a recent pullback.
• Coeur Mining's share price has tripled in the last year, and the company expects to complete its acquisition of New Gold in the first half of 2026.
• Kinross Gold's share price has climbed 185% in the last year.