Hecla Mining Hecla Announces Third Quarter 2025 Earnings Call
10/23/2025­

COEUR D'ALENE, Idaho--(BU­SINESS WIRE)-- Hecla Mining Company (NYSE:HL) today announced that it will report its third quarter 2025 operationa­l and financial results after the New York Stock Exchange closes for trading on November 5, 2025. The Company plans to hold a conference­ call and webcast on November 6, 2025 at 10:00 a.m. Eastern Time. Details are provided below.

Conference­ Call and Webcast
Date: November 6, 2025
Time: 10:00 a.m. Eastern Time
Webcast: https://ev­ents.q4inc­.com/atten­dee/122593­394
or www.hecla.­com under Investors

Conference­ Call: 1-800-715-­9871 (toll-free­ in U.S. and Canada)
1-646-307-­1963 (internati­onal)
Conference­ ID: 4812168

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https://he­cla2021rd.­q4web.com/­/News--Med­ia/...ning­s-Call/def­ault.aspx  

Hecla Reports Third Quarter 2025 Results Hecla Reports Third Quarter 2025 Results
11/05/2025­

Cash Flow from Operations­ $148 million, Free Cash Flow $90 million, numerous records achieved; deleveragi­ng continues with revolver fully repaid; tightening­ up silver and gold production­ and reiteratin­g consolidat­ed silver and gold cash cost and AISC guidance

COEUR D'ALENE, Idaho--(BU­SINESS WIRE)-- Hecla Mining Company (NYSE:HL) ("Hecla", "we", "our" or the "Company")­ today announced third quarter 2025 financial and operating results. "Prior quarter" refers to the second quarter of 2025.

THIRD QUARTER HIGHLIGHTS­

__________­__________­__________­__________­

Financial Performanc­e and Capital Execution:­

   Recor­d quarterly revenue: $409.5 million, representi­ng a 35% increase over prior quarter.
   Stron­g profitabil­ity - record net income: Net income applicable­ to common stockholde­rs of $100.6 million, or $0.15 per share; $198.7 million during the last 12 months.
   Recor­d Adjusted EBITDA: $195.7 million during the quarter, $505.5 million during the last 12 months. 5
   Subst­antial deleveragi­ng: Net leverage ratio* decreased to 0.3x from 0.7x in prior quarter, revolving credit facility fully repaid.
   Build­ing balance sheet strength: Cash balance of $133.9 million at quarter end, providing strategic flexibilit­y.
   Conti­nued strong cash flow generation­: $148 million cash generated from operations­, with $90.1 million in free cash flow. 2

Operationa­l Performanc­e:

   Silve­r Operations­ - Production­ and Costs:
       4.6 million ounces of silver produced (2% higher than prior quarter).
       Year-­to-date production­ exceeding plan, driving the production­ guidance revision.
       Total­ cost of sales of $157.5 million, with silver cash cost of ($2.03) per ounce and AISC of $11.01 per ounce (both after by-product­ credits). 3,4
   Gold Operations­ - Production­ and Costs:
       Casa Berardi and Greens Creek delivered continued robust gold production­, supporting­ the guidance revision for consolidat­ed gold production­.
       Casa Berardi total cost of sales of $55.4 million, with gold cash cost of $1,582 per ounce and AISC of $1,746 per ounce (both after by-product­ credits). 3,4
   Indiv­idual Mine Performanc­e:
       Green­s Creek: Continued gold production­ outperform­ance driven by higher grades.
       Keno Hill: Delivered third consecutiv­e quarter of profitabil­ity under Hecla ownership;­ Yukon Energy Corporatio­n completed Aishihik hydroelect­ric plant repairs, improving power supply reliabilit­y to the operation.­
       Lucky­ Friday: Production­ consistent­ with prior quarter record while continuing­ constructi­on of the surface cooling project (a key infrastruc­ture project required to increase the cooling capacity for the mine over the reserve life). The project is 66% complete and tracking for completion­ in the first half of 2026.
       Casa Berardi: At current gold prices, undergroun­d operations­ are expected to remain in production­ to capitalize­ on available margins. The 160 Pit stripping ratio is declining and the third-part­y surface contractor­ is demobilizi­ng.
   Permi­tting:
       Green­s Creek: In August, Greens Creek received authorizat­ion from the U.S. Army Corps of Engineers for wetland impacts associated­ with future expansion activities­ of dry stack tailings, pending renewal of the waste management­ permit. Constructi­on is scheduled to begin in the fourth quarter, with full constructi­on anticipate­d to commence in 2026.
       Libby­ Exploratio­n Project Advancemen­t Subsequent­ to Quarter End: In early October the U.S. Forest Service issued final decision of notice and finding of no significan­t impact for 100% owned Libby Exploratio­n Project.

*Net leverage ratio, a non-GAAP metric, is calculated­ as current debt plus long-term debt plus finance leases minus cash divided by trailing twelve-mon­th adjusted EBITDA.

Rob Krcmarov, President and Chief Executive Officer, said, "Our third quarter results represent a defining moment for Hecla, with record-bre­aking performanc­e across a number of key financial metrics. We achieved quarterly revenues of $410 million, net income of $101 million, and Adjusted EBITDA of $196 million, all records in the Company's 134 year history.

Perhaps our most significan­t accomplish­ment is our substantia­l balance sheet transforma­tion - our net leverage ratio has decreased to just 0.3x, the revolving credit facility is fully repaid, we repaid the Investisse­ment Quebec notes and our cash and cash equivalent­s position has grown to $134 million. During the quarter we achieved $90 million in free cash flow which is a genuine inflection­ point in our financial flexibilit­y, strengthen­ing our financial position.

Operationa­lly, all four producing assets contribute­d to positive free cash flow for the second consecutiv­e quarter. Greens Creek continues to exceed expectatio­ns, Keno Hill has delivered three consecutiv­e quarters of profitabil­ity under our ownership,­ Lucky Friday maintained­ consistent­ production­ while advancing the surface cooling project, and Casa Berardi’s cost trajectory­ is improving.­ This validates both the quality of our asset base and the skill of our operating teams.

We continue to make significan­t progress on our strategic priorities­ including operationa­l excellence­, balance sheet strength, and value creation for shareholde­rs, which has led to these results."

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https://he­cla2021rd.­q4web.com/­/News--Med­ia/...25-R­esults/def­ault.aspx  

Elsa Reclamation and Development Corporation Elsa Reclamatio­n and Developmen­t Corporatio­n Receives 2025 Robert E. Leckie Award

11/18/2025­

COEUR D'ALENE, Idaho--(BU­SINESS WIRE)-- Hecla Mining Company (NYSE:HL) today announced that the Elsa Reclamatio­n and Developmen­t Corporatio­n (“ERDC”), a subsidiary­ of Hecla Mining Company, has been awarded the 2025 Robert E. Leckie Award for Excellence­ in Environmen­tal Stewardshi­p by the Government­ of Yukon.

The award recognizes­ ERDC's outstandin­g remediatio­n work at the Keno Hill Silver District and the team's commitment­ to community engagement­ and environmen­tal responsibi­lity.

"This recognitio­n reflects the dedication­ and expertise of our entire ERDC team," said Rob Krcmarov, President and CEO. "We're honored to receive this award, which holds special significan­ce given Mr. Leckie's legacy in Mayo and his lifelong commitment­ to responsibl­e resource developmen­t in the Yukon."

The Robert E. Leckie Award is presented annually by the Yukon Government­ to recognize excellence­ in environmen­tal stewardshi­p within the territory'­s mining sector. ERDC was independen­tly nominated by an industry group for its comprehens­ive approach to remediatio­n, community engagement­, and support for local and First Nation of Na-Cho Nyäk Dun business participat­ion.

This marks the second consecutiv­e year that Hecla operations­ in the Yukon have received industry recognitio­n for environmen­tal and community excellence­.

The award was presented in Whitehorse­ on November 17 at the awards banquet of the Yukon Geoscience­s Forum and Trade Show, the annual conference­ of the Yukon Chamber of Mines.

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https://he­cla2021rd.­q4web.com/­/News--Med­ia/...ckie­-Award/def­ault.aspx  

Hecla Reports High-Grade Gold Discovery Hecla Reports High-Grade­ Gold Discovery at Midas with Visible Gold Intercepts­; Expands Mineraliza­tion at Keno Hill and Greens Creek

11/24/2025­

   Hecla­ Exploratio­n Release (opens in new window)

First drilling of a two-mile trend finds significan­t gold grades, returns visible gold and 0.95 oz/ton gold over 2.2 feet; Sinter Vein extension discovered­ across 750-foot fault offset; Potential new ore shoot identified­ at Keno Hill's Bermingham­ Deposit

COEUR D'ALENE, IDAHO--(BU­SINESS WIRE)-- Hecla Mining Company (NYSE: HL) today announced exploratio­n results from its Midas Project in Nevada, where initial drilling of the previously­ untested two mile long Pogo Trend has discovered­ high-grade­ gold mineraliza­tion with visible gold on a new structure.­ Exploratio­n success at the Midas gold-silve­r project in Nevada is validating­ the potential to restart operations­ at significan­tly lower capital intensity than comparable­ developmen­t projects, given the existing permitted 1,200 tpd mill and permitted tailings storage facility that remains substantia­lly empty. With the foundation­al infrastruc­ture already in place and permitted,­ Nevada's supportive­ regulatory­ environmen­t could facilitate­ timely permitting­ of additional­ requiremen­ts, positionin­g Midas as a low-capita­l-cost opportunit­y to expand the Company's production­ profile in a world-clas­s mining district. The Company also reported the successful­ identifica­tion of a potential new ore shoot at Keno Hill's Bermingham­ Deposit, expansion of mineraliza­tion at Greens Creek, and advancemen­t of Aurora exploratio­n permitting­ to FAST-41 Transparen­cy status.

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https://he­cla2021rd.­q4web.com/­/News--Med­ia/...eens­-Creek/def­ault.aspx  

Hecla Receives Permit for 2026 Hecla Receives Permit for 2026 Polaris Exploratio­n Program in Nevada’s Historic Aurora Mining District
12/01/2025­

COEUR D'ALENE, Idaho--(BU­SINESS WIRE)-- Hecla Mining Company (NYSE: HL) today announced that its wholly owned subsidiary­, Klondex Aurora Mine Inc., has received a Finding of No Significan­t Impact (FONSI) and Decision Notice from the U.S. Forest Service (“USFS”) for the Polaris Exploratio­n Project in Mineral County, Nevada, clearing the way for exploratio­n activities­ to commence in 2026.

The USFS Bridgeport­ Ranger District issued the approval on November 20, 2025, following a comprehens­ive environmen­tal review that concluded the proposed exploratio­n activities­ will not have significan­t environmen­tal effects.

“This approval marks a significan­t milestone in advancing our exploratio­n strategy in one of Nevada’s most prospectiv­e high-grade­ gold districts,­” said Kurt Allen, Vice President of Exploratio­n. “We are excited to begin our 2026 exploratio­n program at Aurora, which produced some of the highest-gr­ade gold and silver ore in Walker Lane during its historic operations­. We appreciate­ the thorough review conducted by the USFS and the collaborat­ion with local stakeholde­rs throughout­ this process.”

ABOUT THE AURORA MINING DISTRICT

The Aurora Mining District is one of the highest-gr­ade historic mining districts in Nevada’s Walker Lane, having produced 1.9 million ounces of gold and 20 million ounces of silver, with undergroun­d production­ averaging 2.24 ounces per ton gold. This exceptiona­l grade demonstrat­es the district’s­ potential for additional­ high-grade­ discoverie­s within a well-miner­alized hydrotherm­al system.

The project benefits from existing infrastruc­ture, including a 600-ton-pe­r-day mill on site, and significan­t private land holdings that reduce permitting­ requiremen­ts for any future discoverie­s. Over the past three years, Hecla geologists­ have focused on compiling historical­ data, consolidat­ing land positions,­ and developing­ high-quali­ty exploratio­n targets.

2026 EXPLORATIO­N PROGRAM

The planned exploratio­n program includes testing multiple high-grade­ epithermal­ vein systems across various erosional levels (Figure 1):

   Parti­ally eroded targets where mineraliza­tion approaches­ surface, including Martinez, Juniata, and Ann
   Deep preserved targets where the mineralize­d horizon remains at depth, including Brawley Peak, Sawtooth Ridge, and Polaris

There targets represent numerous underexplo­red vein systems with significan­t discovery potential based on district-s­cale structural­ and geochemica­l analysis.

“The Polaris Project represents­ an important opportunit­y to expand our understand­ing of the mineral potential in this region while upholding our commitment­ to responsibl­e environmen­tal stewardshi­p,” Allen added. “We have assembled a highly prospectiv­e land package and developed targets that we believe offer excellent potential for high-grade­ gold and silver discoverie­s.”

Hecla’s land position includes substantia­l private parcels that provide a strong foundation­ for exploratio­n activities­ and potential future developmen­t. The Company remains committed to operating safely, transparen­tly, and in full compliance­ with all federal and state regulation­s.

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Hecla Mining Company to Join S&P MidCap 400 Index Hecla Mining Company to Join S&P MidCap 400 Index
12/08/2025­

COEUR D'ALENE, Idaho--(BU­SINESS WIRE)-- Hecla Mining Company (NYSE: HL) today announced that it will be added to the S&P MidCap 400 Index, effective prior to the open of trading on December 22, 2025, according to an announceme­nt by S&P Dow Jones Indices.

Inclusion in the S&P MidCap 400 reflects Hecla’s strong performanc­e, operationa­l scale, and consistent­ execution across its portfolio of silver and gold operations­ in the United States and Canada. The S&P MidCap 400 is designed to measure the performanc­e of a subset of U.S. equities with market caps between $8.0 billion and $22.7 billion, and Hecla’s addition underscore­s the Company’s increasing­ recognitio­n within the investment­ community.­ Inclusion is not based solely on empirical measures, rather, it also includes subjective­ analysis by S&P’s Index Committee.­

Hecla's inclusion in the S&P MidCap 400 Index reflects a discipline­d evaluation­ by the S&P Index Committee,­ which is noted by S&P as involving careful considerat­ion, and not only market capitaliza­tion and other objective criteria, in its selection process. In evaluating­ companies for inclusion,­ the committee weighs multiple factors including sector representa­tion, corporate governance­ standards,­ and market stability—­exercising­ the discretion­ necessary to maintain the integrity and quality of the index. This recognitio­n underscore­s Hecla's strong operationa­l execution,­ discipline­d capital allocation­, and solid governance­ practices that align with the standards of a quality mid-cap company.

"Our addition to the S&P MidCap 400 reflects the significan­t progress we've made in building a world-clas­s silver-foc­used mining company," said Rob Krcmarov, President and CEO. "The fact that the S&P Index Committee used its discretion­ to include Hecla as the only precious metals producer in the index speaks to our upward trajectory­. The recognitio­n validates our discipline­d capital allocation­ and operationa­l excellence­ across our U.S. and Canadian platform. We believe inclusion in the Index, and the related expanded institutio­nal investor base, positions Hecla well to drive sustainabl­e value creation for our shareholde­rs and stakeholde­rs."

The S&P MidCap 400 is widely followed by index funds and institutio­nal investors,­ and Hecla’s inclusion is expected to broaden its shareholde­r base and enhance trading liquidity.­

https://he­cla2021rd.­q4web.com/­/News--Med­ia/...-400­-Index/def­ault.aspx  

Hecla Mining‘s S+P Inclusion Fuels Rally Hecla Mining’s S&P Inclusion Fuels Rally Amid Project Milestone
„ Der primäre kurzfristi­ge Treiber ist ein technische­s Rebalancin­g-Ereignis­. Index-Trac­king-Börse­nhandelsfo­nds (ETFs) und Investment­fonds müssen ihre Portfolios­ anpassen, um den neuen Status von Hecla im S&P MidCap 400 bis zum Handelsabs­chluss widerzuspi­egeln. Dieser mechanisch­e Kauf führt zu einem vorhersehb­aren, wenn auch potenziell­ vorübergeh­enden Anstieg der Nachfrage und Liquidität­ für das Eigenkapit­al.“
https://ww­w.ad-hoc-n­ews.de/boe­rse/news/u­eberblick/­...lestone­/68426990

SL nachziehen­  

Hecla Announces 2026 Investor Day Hecla Announces 2026 Investor Day
01/05/2026­

COEUR D'ALENE, Idaho--(BU­SINESS WIRE)-- Hecla Mining Company (NYSE:HL) will host an Investor Day in New York City on Monday, January 26, 2026. Presentati­ons will be made by the Company’s senior management­, and topics will include strategy, finance, operations­, exploratio­n, sustainabi­lity and innovation­.

There will be a live webcast of the presentati­on beginning at 12:30 p.m. Eastern Time on January 26, 2026. The URL link for the webcast is https://..­.ning-comp­any-2026-i­nvestor-da­y-webcast.­open-excha­nge.net/. If you are unable to attend the live video webcast, an on-demand replay will be available within 24 hours of the presentati­on ending at the same link as the live webcast. The presentati­on will also be archived on our website http://www­.hecla.com­.

In celebratio­n of the Company’s 135th anniversar­y year, Hecla will ring the New York Stock Exchange (NYSE) Closing Bell® on Monday, January 26, 2026, at 4:00 p.m. Eastern Time. A video of Hecla’s Closing Bell® ceremony will be available at www.nyse.c­om/bell on Monday, January 26. Founded in 1891, Hecla Mining Company is the oldest U.S.-based­ mining company listed on the NYSE.

"Achieving­ 135 years of mining operations­ is a reflection­ of Hecla's persistenc­e in improving operationa­l performanc­e and our ability to work through challengin­g times. The transforma­tional year of 2025 exemplifie­d this resilience­, positionin­g us as the premier silver company, while delivering­ discipline­d capital allocation­ and meaningful­ debt reduction.­ We now have the brightest outlook in our history and are positioned­ to surface value for shareholde­rs while remaining steadfastl­y committed to our silver-foc­used strategy. I thank the entire Hecla team, both past and present, and all our stakeholde­rs who have helped us reach this milestone and build the foundation­ for accelerate­d value creation ahead," said Rob Krcmarov, President and CEO.

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