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PLM - Why Silver and Gold Miners Are Dropping Today
Polymet Mining Corporation
Shares of Endeavour Silver (NYSE: EXK) , New Gold (NYSEMKT: NGD) , and Fortuna Silver Mines (NYSE: FSM) all dropped more than 10% this morning. All three remain down around 9% as of 1:45 p.m. EDT. Shares of PolyMet Mining (NYSEMKT: PLM) are down even more, sitting more than 12% below yesterday's closing price.
It's been a rough week for investors in precious metals. Prices of gold and silver are down 5% and 15%, respectively, in the past five days, as measured by the ETFs used to track them.