Hycroft Mining stock tumbled in June as gold and silver prices plunged on rate-hike fears

The Motley Fool··Read original
2▲0 ▼3Impact / 5
Summary · why it matters

Hycroft Mining shares fell sharply in June as gold and silver prices dropped by double-digit percentages, driven by growing expectations that the Federal Reserve will raise interest rates this year. The company, which owns a single 64,000-acre mine in Nevada, has generated no revenue since halting active mining in early 2023 and estimates it would need about $2.4 billion in capital expenditures to begin extraction from the site's sulfide deposits. Higher rates make interest-bearing assets more attractive relative to non-yielding precious metals, and the latest consumer price index reading showed inflation remains elevated, reinforcing rate-hike speculation. While markets may overshoot, the prospect of rising rates continues to weigh on mining stocks, particularly a non-diversified, pre-revenue company like Hycroft.

Impact on assets 3

Critical Materials & Supply Chain▼ · 1 stocks
Others▼ · 2 stocks
⛏Gold Futures
GOLD
▼ NegativeGeopoliticsrelevance

Rate-hike fears drive gold prices down by double digits as interest-bearing assets become more attractive.

⛏Silver Futures
SILVER
▼ NegativeGeopoliticsrelevance

Silver prices plunged alongside gold due to rate-hike expectations.

© 2026 MarketIVNews