Gold Mining Stocks Plummet Amidst Precious Metal Price Drop

Gold mining stocks have fallen as gold futures prices dropped 5.3% to $4,127 per troy ounce, their biggest decline in over a decade. Shares of Kinross Gold, Gold Fields Limited, Alamos Gold, Newmont, Agnico Eagle Mines, Barrick Mining, and Franco-Nevada all declined, with some stocks dropping by as much as 11%. Silver futures also declined.

Gold mining stocks experienced a significant downturn on Tuesday, September 12, 2025, following a sharp decline in gold futures prices. Gold futures dropped by 5.3% to $4,127 per troy ounce, marking the biggest decline in over a decade. This reversal in prices led to a widespread selloff among major gold and silver mining companies.

Shares of Kinross Gold, Gold Fields Limited, Alamos Gold, Newmont Corporation, Agnico Eagle Mines Limited, Barrick Gold Corporation, and Franco-Nevada Corporation all declined, with some stocks dropping by as much as 11%. The selloff was particularly pronounced in the silver sector, with stocks such as Pan American Silver Corp. and Hecla Mining Company falling by 6% and 7%, respectively. Endeavour Silver Corp. dropped by 8%.

The selloff was triggered by a retreat in metal prices. Gold retreated from Monday’s all-time high of $4,381.50 per ounce to $4,220, while silver slid from $54.50 to $49.20 per ounce. Investor sentiment turned more cautious as hopes for a resolution to the U.S. government shutdown and easing trade tensions gained traction, dampening demand for traditional safe-haven assets. The retreat followed a historic rally that had sent both metals to unprecedented levels.

For miners, whose earnings are highly sensitive to underlying commodity prices, the reversal in gold and silver translated directly into weaker valuations and accelerated selling pressure across the sector. The significant drop in gold and silver prices is likely to have a substantial impact on the financial health of mining companies, potentially affecting their profitability and future growth prospects.