Key Highlights

  • All 20 stocks fell at least 5.0% today, and every one is also lower over the week and the month.
  • Gold Fields led the decline, down 12.8% today and 27.2% over the month.
  • Among the 19 precious metals names, monthly losses range from 10.7% to 27.2%.
  • Steel producer Cleveland-Cliffs fell 7.8%, joining the miners on the decliners list.

Precious metals miners were among the weakest large-cap groups today. Twenty stocks with market values above USD 1 billion, nearly all of them gold and silver producers, developers or streaming companies, fell 5% or more. The broad and uniform nature of the decline points to sector-wide pressure rather than company-specific news. Every name in the group is also lower over both the past week and the past month.

Steepest Declines

Gold Fields (NYSE:GFI) fell 12.8% to $35.23. The South African gold miner is down 17.9% for the week and down 27.2% for the month.

Hycroft Mining (NASDAQ:HYMC) dropped 8.4% to $19.68. The precious metals exploration company is down 8.5% for the week and down 24.3% for the month.

Cleveland-Cliffs (NYSE:CLF) declined 7.8% to $11.23. The steel producer is down 11.5% for the week and down 5.6% for the month.

Aris Mining (NYSE:ARIS) slipped 7.6% to $17.50. The gold miner is down 10.4% for the week and down 18.0% for the month.

Aura Minerals (NASDAQ:AUGO) lost 6.6% to $78.08. The gold and copper producer is down 12.5% for the week and down 12.5% for the month.

AngloGold Ashanti (NYSE:AU) fell 6.5% to $92.58. The gold miner is down 10.0% for the week and down 22.3% for the month.

Perpetua Resources (NASDAQ:PPTA) dropped 6.5% to $21.97. The gold and antimony developer is down 7.4% for the week and down 16.1% for the month.

Coeur Mining (NYSE:CDE) declined 6.4% to $17.98. The precious metals miner is down 9.3% for the week and down 19.5% for the month.

Aya Gold & Silver (NASDAQ:AYA) slipped 6.4% to $26.66. The Morocco-focused silver producer is down 6.7% for the week and down 10.7% for the month.

Harmony Gold Mining (NYSE:HMY) lost 6.4% to $17.77. The South African gold miner is down 10.7% for the week and down 15.0% for the month.

Other Decliners in the Group

Hecla Mining (NYSE:HL) fell 5.9% to $17.11. The silver and gold miner is down 9.9% for the week and down 20.8% for the month.

Eldorado Gold (NYSE:EGO) dropped 5.7% to $39.52. The gold miner is down 9.2% for the week and down 18.2% for the month.

Seabridge Gold (NYSE:SA) declined 5.6% to $28.59. The gold exploration company is down 8.1% for the week and down 16.2% for the month.

Skeena Resources (NYSE:SKE) slipped 5.5% to $29.95. The gold and silver developer is down 7.6% for the week and down 15.2% for the month.

Wheaton Precious Metals (NYSE:WPM) lost 5.4% to $135.25. The precious metals streaming company is down 11.0% for the week and down 14.9% for the month.

First Majestic Silver (NYSE:AG) fell 5.3% to $18.00. The silver miner is down 9.8% for the week and down 18.7% for the month.

Allied Gold (NYSE:AAUC) dropped 5.3% to $21.11. The gold producer is down 7.8% for the week and down 13.2% for the month.

Agnico Eagle Mines (NYSE:AEM) declined 5.2% to $184.38. The gold producer is down 7.8% for the week and down 14.8% for the month.

Iamgold (NYSE:IAG) slipped 5.0% to $18.71. The gold miner is down 10.3% for the week and down 13.6% for the month.

Alamos Gold (NYSE:AGI) lost 5.0% to $32.77. The gold producer is down 8.0% for the week and down 14.0% for the month.

What the Pattern Suggests

When an entire sector falls together, the driver usually sits at the Commodity level rather than inside individual companies. Mining equities often move by more than the metals they produce, which helps explain why monthly declines of 15% or more appear across much of this list. Bullion prices and upcoming production updates will be the key signals to watch.

Disclaimer: This article is for general information only and does not constitute Investment advice. Readers should do their own research before investing.