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Hecla Mining (HL) Stock Climbs Alongside Gold Prices

NEW YORK (TheStreet) -- Shares of Hecla Mining (HL) were advancing in early-afternoon trading on Thursday as gold and silver prices gained after the Federal Reserve decided yesterday against hiking interest rates.

Gold for December delivery was recently up 1.08% to $1,345.80 per ounce on the COMEX, while silver for December delivery was gaining 1.60% to $20.09 per ounce.

The precious metals don't pay interest and struggle to compete with yield-bearing assets when interest...