Eldorado Gold Says First Copper Concentrate Produced At McIlvenna Bay Project In East-Central Saskatchewan, Canada

Shares of precious metal-related stocks are trading lower as climbing bond yields and August's economic data raise inflationary concerns and interest-rate hike expectations. A slightly stronger dollar may contribute to the a selloff of the commodity.

Shares of precious metal-related companies are trading lower as gold and silver fall after Federal Reserve Chairman Warsh's comments on inflation and prices, raising rate-hike concerns. The commodity is also under pressure after Treasury Secretary Bessent's letter suggested the Treasury exchanged existing Exchange Stabilization Fund foreign-currency assets for Yen, which contributed to a spike in the dollar value.

Warsh's Remarks Are Sinking Mining Stocks: Here's Why

Silver and gold miners fell hardest after Kevin Warsh signaled a strong commitment against inflation. First Majestic Silver dropped 5%.

Jefferies Initiates Coverage On Eldorado Gold with Buy Rating, Announces Price Target of $50

Jefferies analyst Fahad Tariq initiates coverage on Eldorado Gold (NYSE:EGO) with a Buy rating and announces Price Target of $50.

Eldorado Gold CEO George Burns To Retire, Effective Sept. 30; Christian Milau Named President, CEO

Eldorado Gold Q2 Adj. EPS $0.54 Misses $0.74 Estimate, Sales $487.500M Miss $563.440M Estimate