Hecla Mining shares fall 5.58% after-hours following announcement to dispose of Dolly Varden Silver Corporation shares.

Hecla Mining fell 5.58% in after-hours trading following the announcement of its decision to dispose of shares in Dolly Varden Silver Corporation. The move, disclosed on February 5, signals a strategic shift as the company prioritizes debt management, potentially raising concerns about its long-term growth prospects in the silver sector. This divestment likely prompted investor skepticism about Hecla’s asset allocation and focus, outweighing earlier positive momentum from elevated precious metal prices and production guidance. The after-hours decline aligns with the market’s reaction to the perceived reduction in high-potential assets, contrasting with mixed valuations and options activity observed during regular trading hours.