Mining Stocks Face Big Expectations Ahead Of Earnings, As Gold And Silver Sink

• Key mining stocks like Wheaton Precious Metals and Barrick Mining are down about 14-15% from their late January peaks, when they hit historic highs alongside precious metals prices
• SSR Mining, Coeur Mining, Pan American Silver, and Kinross Gold are reporting earnings this week with analysts projecting dramatic growth: Coeur's EPS expected to triple to 38 cents, while SSR Mining's EPS is forecast to quintuple to 77 cents
• Despite strong fundamentals, even blockbuster earnings have failed to lift mining stocks, as Barrick Mining's 115% EPS growth report earlier this month did little to reverse the sector's decline

Market Summary: Mining Stocks Decline Amid Precious Metals Retreat

Key Market Movements:

Mining stocks retreated sharply Tuesday as precious metals prices fell significantly. Silver prices dropped nearly 6% at market open, while gold declined approximately 3%. Both metals had reached all-time highs earlier this year before the recent pullback.

Company Performance:

Major mining stocks suffered notable losses:

• SSR Mining (SSRM): Down over 6-7%
• Pan American Silver: Fell 4%
• Coeur Mining: Down nearly 4%
• Barrick Mining: Declined approximately 3%
• Wheaton Precious Metals: Down 3%, falling 14% from its January 29 peak of $160.36
• Kinross Gold: Down nearly 3%

Most mining stocks peaked in late January before declining 14-15% in tandem with precious metals prices.

Earnings Season:

Several major miners are reporting quarterly results this week with substantial growth expectations:

• SSR Mining: Reporting Tuesday; EPS expected to quintuple from $0.14 (Q4 2024) to $0.77 (2025)
• Coeur Mining: Reporting Wednesday; EPS projected to triple to $0.38 from $0.11, with sales doubling from $305M to $688M
• Pan American Silver: Reporting Wednesday; EPS expected to grow 150%
• Kinross Gold: Reporting Wednesday (February 18); revenue projected to increase over 40% to $2.015B, with EPS surging 190% to $0.58

Market Implications:

Despite blockbuster earnings earlier this month showing triple-digit EPS growth, mining stocks remain under pressure from weakening commodity prices, suggesting investor caution about sustaining elevated precious metals valuations.