Stock fell 3.69% due to declining precious metals prices driven by expectations of Fed rate hikes. Higher interest rates reduce the attractiveness of non-yielding assets like gold and silver, negatively impacting mining companies' profitability and stock valuations.
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Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology