Gold and Silver Mining Stocks Double in Value, Market Cap Drops Over 1 Trillion in a Day

Coeur Mining Inc. (CDE) closed at $17.61 on the New York Stock Exchange on the 17th, down 6.28%. Trading volume surged past 23.5 million shares, erasing roughly $1.1 billion in market capitalization, equivalent to about KRW 1.5 trillion.

Having more than doubled over the past year and emerged as a key beneficiary of the gold and silver price rally, the stock’s sharp pullback is attributed to short-term profit-taking and heightened volatility.

On the corporate front, Coeur completed its acquisition of Canada’s New Gold in March, adding a substantial portfolio of gold, silver and copper mines across North America. In the first quarter of fiscal 2026, increased gold and silver production more than doubled year-over-year revenues. Moreover, on June 12, Aoife McGrath, Senior Vice President of Exploration and Development, disclosed an insider purchase of approximately $11,000 in company stock, underscoring management’s confidence in Coeur’s long-term growth prospects.

Headquartered in Chicago, Coeur Mining is a mid-tier precious metals producer with diversified operations throughout North America, including mines in Nevada, Alaska, South Dakota, Mexico and Canada. The company is dual-listed on the New York Stock Exchange and the Toronto Stock Exchange. With a high leverage to gold and silver prices, future precious metals market trends and the success of new mine developments are expected to dictate the stock’s direction.