Hecla Mining ($HL) vs Newmont ($NEM): Silver Specialist Meets Gold Major Hecla Mining is a silver-focused producer that has recently become debt-free and is refocusing on U.S. and Canadian silver assets after divesting its Casa Berardi operation. Newmont is the world's largest gold miner, benefiting from a diversified global portfolio and record free cash flow generation amid elevated gold prices. Hecla offers higher-magnitude but more volatile share performance, with strong 12-month gains partly offset by a notable three-month pullback.