Gold Miners Dominate Tuesday’s Worst-Performing Stocks

3. First Majestic Silver Corp. (NYSE:AG)

First Majestic Silver declined for a third straight day on Tuesday, shedding 5.73 percent to end at $6.09 apiece as investor sentiment was dampened by a sell-off in gold prices.

As of this writing, spot prices of gold were at $3,340.94 per ounce, marking a drop from the $3,500 territory in the previous trading session.

In the first quarter of the year, AG said that it achieved an 88-percent increase in silver ounces at 3.7 million silver ounces from 2 million silver ounces in the same period a year earlier.

Total silver production in the quarter included 1.4 million ounces of attributable silver production from Cerro Los Gatos as well as a 17-percent increase at San Dimas primarily due to operational improvements.