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Why Shares of Hecla Mining, MAG Silver, and Sibanye Stillwater Are Plummeting This Week

Scott Levine, The Motley Fool
·3 min read
Why Shares of Hecla Mining, MAG Silver, and Sibanye Stillwater Are Plummeting This Week

Between earnings reports and the market price of silver falling, shares of Hecla Mining (NYSE: HL), MAG Silver (NYSEMKT: MAG), and Sibanye Stillwater (NYSE: SBSW) have all suffered steep declines over the past week. From the close of trading last Friday to 11:28 a.m. ET today, shares of Hecla Mining have fallen 13.4%, while MAG Silver and Sibanye Stillwater have dropped 13.2% and 18.7%, respectively. Narrowly beating analysts' estimate of $198.4 million, Hecla Mining reported first-quarter 2023 revenue of $199.5 million on Wednesday.

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