Hecla Mining (HL) Loses 3% on Silver Drop; Analyst Says Firm Not ‘High-Quality’

We recently published 10 Stocks Losing Their Fire. Hecla Mining Company (NYSE:HL) is one of the worst performers on Thursday.

Hecla Mining extended its losses for a second day on Thursday, shedding 3.11 percent to close at $16.82 apiece, mirroring the decline in silver prices while digesting a hedge fund’s lukewarm reception for its stock.

At intra-day trading, the stock dropped as much as 4.15 percent.

As of writing, spot prices of silver were down by 2.49 percent at $57.0298 per troy ounce, as investors appeared to have taken profits following last week’s surge.

In other developments, Hecla Mining Company (NYSE:HL) was likewise dampened by comments from former hedge fund manager and Mad Money host Jim Cramer, saying he does not think the company is a high-quality mine.

Cramer instead recommended shares of Pan American Silver Corp. and Agnico Eagle for gold.

“Those are the two. Not going away,” he noted.

Earlier this week, Hecla Mining Company (NYSE:HL) said that its subsidiary, Klondex Aurora Mine Inc., officially secured the green light of the US Forest Service to kick off its Polaris Exploration Project in Mineral County, Nevada. Exploration activities are set to commence in 2026.

“We are excited to begin our 2026 exploration program at Aurora, which produced some of the highest-grade gold and silver ore in Walker Lane during its historic operations. We appreciate the thorough review conducted by the USFS and the collaboration with local stakeholders throughout this process,” the company said.

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Disclosure: None. This article is originally published at Insider Monkey.