Silver Mining Stock Plummets 3x, $1.6 Billion Market Cap Vanishes in a Day

U.S. gold and silver miner Coeur Mining Inc. (CDE) tumbled 7.34% on the New York Stock Exchange, closing at $16.53 and erasing about $1.17 billion in market value. Trading volume topped 26 million shares as investors rushed to lock in gains after a recent rally. Even after the drop, the company’s market capitalization remains around $17.1 billion.

Over the past year, Coeur’s stock has surged roughly 340%, driven by firm gold and silver prices, anticipation surrounding the high-grade Las Chispas mine, and the announced acquisition of New Gold. Last month, the company reported its fourth-quarter and full-year 2025 results and secured shareholder approval for the New Gold takeover. Earlier this week, Coeur filed a disclosure confirming the deal’s completion, a new $1 billion credit facility, a $750 million share repurchase program, and its inaugural dividend.

Headquartered in Chicago, Coeur Mining is a North American–focused producer operating the Las Chispas and Palmarejo mines in Mexico, as well as the Rochester mine in Nevada, the Kensington mine in Alaska, and the Wharf mine in South Dakota. Founded in the 1920s on the strength of its silver operations, the company has grown through the acquisitions of SilverCrest and New Gold, positioning itself as a leading precious metals producer in North America.