NYSE:CDE - New York Stock Exchange, Inc. - US1921085049 - Common Stock - Currency: USD
Mining stocks are poised to benefit from an ongoing rally in precious metals fueled by all-time high gold prices; these firms stand out from the pack.
Gold hits record high above $2,790 on dovish central bank moves and demand from safe-haven seeking investors. Fed holds rates steady but hints at potential cuts.
Silver is up about 48% in the last year due to spiking demand and geopolitical uncertainty; these options provide investors ways to capitalize on the rally.
Shares of precious metals miner Coeur Mining Inc. tumbled after the company said it entered a deal to acquire SilverCrest Metals Inc. for a value of $1.7 billion at a time when silver prices have been surging.
/CNW/ - Coeur Mining, Inc. ("Coeur") (NYSE: CDE) and SilverCrest Metals Inc. ("SilverCrest") (TSX: SIL; NYSE American: SILV) announce that they have entered...