HL
Hecla Mining Company19.02
+0.18+0.96%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Keno surprise; new silver pipeline group
Q&A spotlighted a surprise high-grade ore shoot off Keno Hill's deep Birmingham, open for expansion and a 2026 focus alongside $13M budget. To sharpen silver focus amid Nevada gold exploration, management launched a new project generation group scouting juniors and districts, with recent expert hire. Casa Berardi details included Q1 gold costs up from weather-disrupted January output and an expected accounting loss versus gain due to carrying value. Midas needs 300-400k oz resource for restart, with parallel studies underway. Lucky Friday cooling enables its best decade ahead. Answers elaborated prepared outlook without walk-backs.
Key Stats
Market Cap
12.75BP/E (TTM)
61.35Basic EPS (TTM)
0.31Dividend Yield
0%Recent Filings
8-K
Board refresh at Hecla
Hecla Mining's Stephen Ralbovsky retired from the Board effective February 19, 2026, after serving since 2016 as Audit Committee Chair. Jill Satre, TC Energy's VP of Internal Audit with prior PwC partner experience, stepped in as Audit Committee Chair that day. No disagreements noted. Smooth transition bolsters audit oversight.
8-K
Record results, deleveraged.
Hecla Mining crushed 2025 with record $1.4B revenue, $321M net income, and $310M free cash flow, slashing net debt to $34M (0.1x leverage). Silver output hit 17Moz at negative $1.75/oz cash costs; all mines cash-positive. Pending Casa Berardi sale for up to $593M sharpens silver focus. Balance sheet rocks.
10-K
FY2025 results
Hecla Mining delivered FY2025 net income of $321.7 million on record $1.4 billion revenue, powered by silver realized at $45.25/oz (58% y/y gain) and gold at $3,490/oz, with 17.0 million silver ounces produced (5% y/y rise) led by Lucky Friday's record 5.3 million ounces. Q4 momentum shone at Greens Creek with higher grades driving silver output acceleration vs Q3, while Keno Hill turned profitable amid ramp-up challenges from permitting delays and power curtailments. Casa Berardi, set for Q1 2026 sale to Orezone for up to $593 million, added gold strength. Balance sheet fortified with $242 million cash, zero revolver draw. Keno Hill permitting risks loom.
8-K
Silver reserves steady at 231Moz
Hecla held silver reserves steady at 231 million ounces as of December 31, 2025, post 17 million ounce production, boasting peer-leading mine life nearly double the industry average. Exploration successes at Greens Creek, Lucky Friday, Keno Hill, and Nevada's Midas bolstered reserves while refining models amid cost inflation. Reserves double to $55 million in 2026. Casa Berardi sale pends.
8-K
Hecla sells Casa Berardi for up to $593M
Hecla Mining signed a deal on January 26, 2026, to sell its Casa Berardi gold mine in Quebec to Orezone for up to $593 million, including $160 million cash at close, $112 million in Orezone shares, $80 million deferred cash, and up to $241 million contingent on production, permits, and gold prices. Closing is targeted for Q1 2026, subject to approvals. Deal sharpens focus on silver assets. Balance sheet strengthens instantly.
IPO
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