$HL

Gold prices fell 1% to $4,649.10/oz after a hotter-than-expected US inflation report, retreating from a three-month high. Spot gold is still up 14% in August. Silver also declined. The Fed's preferred inflation gauge, PCE, rose 3.7% YoY in July, above forecasts. Investors await Fed Chair Warsh's speech at Jackson Hole for further rate guidance. Gold's recent rally was driven by US Treasury bond market intervention and ETF inflows. Miners like Agnico Eagle and AngloGold have seen significant gain

Hecla Mining (HL) and Coeur Mining (CDE) rose 13% after the Treasury doubled long-dated debt buybacks, lowering yields and boosting precious metals. Both stocks are flat to negative for the year. First Majestic Silver (AG) is up 11% year-to-date, while Endeavour Silver (EXK) has gained 3%. The 30-year yield at 5.2% is a key variable to watch.

Jefferies issued a research note highlighting currency debasement concerns, suggesting mining shares as a hedge. The firm initiated coverage on several Canadian-listed copper and gold miners, including Faraday and Trekor, with buy ratings. Jefferies also mentioned a US-Canada trade deal and BHP's earnings beat, noting China's economic headwinds.

Silver prices surged 20% in August, reaching $70/oz, driven by US Treasury bond buybacks. Miners like Hecla Mining (HL) and Wheaton Precious Metals (WPM) saw gains of 47% and 44%, respectively. Analysts' year-end targets range from $67 to $118/oz, reflecting uncertainty about future price movements.

Malone Patrick Shay (VP - Sustainability) sold 23,994 shares of HECLA MINING CO/DE/ (HL) at an average of $20.76 ($20.76–$20.97, $0.50M total) across 2 trades on 2026-08-20.

Hecla Mining (HL) shares rose 13.3% this week, driven by a 30.1% gain in August. The increase coincides with rising gold and silver prices, following the U.S. Treasury's plan to lower bond yields. Gold and silver prices increased 2.4% and 4.7%, respectively, from Friday to today. Hecla projects 2026 gold and silver production of 51,000-55,000 ounces and 15.1-16.1 million ounces, respectively.

Gold prices rose 2.8% to $4,489.40 per ounce, the highest since May 29, after the U.S. Treasury announced increased buybacks of longer-dated debt, lowering Treasury yields and weakening the dollar. Silver also gained 2.8% to $65.734. The 30-year Treasury yield fell 9 basis points to 5.19%, its biggest one-day decline since October. Gold miners like Hycroft Mining and Hecla Mining saw significant gains. TD Securities noted that Treasury liquidity support and stagflation concerns could boost gold

Hecla Mining (HL) and Coeur Mining (CDE) shares rose 13% as Treasury buyback plans boosted precious metals. First Majestic Silver (AG) and Endeavour Silver (EXK) also gained, though their year-to-date performance lags. The Amplify Junior Silver Miners ETF (SILJ) increased 9%. The rally is tied to lower long-end yields and safe-haven demand, not broad commodity moves.

RBC Capital Markets said physical copper supply is tightening as mining equities lag. Spot copper rose 4.3% to $6.73/lb, while equities fell 2.6%. RBC cited an LME spot-to-3-month premium of $0.30/lb. Disruptions included PT Smelting Gresik boiler failure and Antofagasta cutting 2026 guidance. RBC models lower prices for several miners and forecasts $5.83/lb in 2026.

Hecla Mining (HL) shares rose 3.6% to $18.37 after silver moved to about $65/oz, improving projected 2026 margins. The article cites September silver at $64.988 and estimates silver could be near four times Hecla’s 2026 AISC max of $16.25. It also notes Q1 revenue $411.4M and free cash flow $144M, plus $55M 2026 exploration spending.