Why These 10 Firms Soared on Monday

4. Hecla Mining Company (NYSE:HL)

Hecla Mining grew its share prices by 5.51 percent on Monday to close at $4.79 apiece as investors resorted to bargain-hunting following four straight days of decline, coupled with the surge in prices of precious metals.

As of this writing, spot prices of gold were up by 2.76 percent at $3,329.86 per ounce, while prices of Silver grew by 1.48 percent at $32.49 per ounce.

Hecla Mining Company (NYSE:HL) is an Idaho-based company specializing in silver and gold production.

In recent news, Hecla Mining Company (NYSE:HL) entered into an agreement with Dolly Varden Silver Corporation for the latter’s plan to fully acquire the former’s Kinskuch property for $5 million.

According to Dolly Varden, it would issue more than 1.3 million shares to Hecla Mining Company (NYSE:HL), while the latter would retain a 2-percent net smelter return royalty on the property for acquisition.