Earnings summaries and quarterly performance for HECLA MINING CO/DE/.
Executive leadership at HECLA MINING CO/DE/.
Rob Krcmarov
Detailed
President and Chief Executive Officer
CEO
David Sienko
Detailed
Senior Vice President – General Counsel and Corporate Secretary
Michael Clary
Detailed
Senior Vice President and Chief Administrative Officer
Robert Brown
Detailed
Vice President – Corporate Development
Russell Lawlar
Detailed
Senior Vice President and Chief Financial Officer
Board of directors at HECLA MINING CO/DE/.
Research analysts who have asked questions during HECLA MINING CO/DE/ earnings calls.
Heiko Ihle
H.C. Wainwright & Co.
4 questions for HL
Also covers: AREC, ASM, AUMN +14 more
Joseph Reagor
ROTH Capital Partners
4 questions for HL
Also covers: ASM, CDE, LEU +6 more
John Tumazos
John Tumazos Very Independent Research
2 questions for HL
Also covers: AA, AEM, ASM +13 more
Kevin O'Halloran
BMO Capital Markets
2 questions for HL
Also covers: CDE, SVM
Michael Parkin
National Bank Financial
2 questions for HL
Also covers: AEM, AGI, CDE +6 more
Alex Terentiew
National Bank Financial
1 question for HL
Also covers: CDE, EXK
Andrew Dusome
National Bank Financial, Inc.
1 question for HL
Dalton Baretto
Canaccord Genuity Group Inc.
1 question for HL
Also covers: ERO, HBM, SVM
Henry Hearle
B. Riley Securities
1 question for HL
Also covers: AA, BTBT, CAN +1 more
Michael Siperco
RBC Capital Markets
1 question for HL
Also covers: AGI, CDE, NGD
Nick Giles
B. Riley Securities
1 question for HL
Also covers: AA, AMR, APLD +25 more
Sean Wondrack
Deutsche Bank
1 question for HL
Also covers: CSTM, HEES
Wayne Lam
TD Securities
1 question for HL
Also covers: AG, BTG, CDE +4 more
Recent press releases and 8-K filings for HL.
Hecla Mining Company Reports Record Q3 2025 Results and Strengthens Balance Sheet
HL
Earnings
Guidance Update
New Projects/Investments
- Hecla Mining Company reported record Q3 2025 results, achieving revenues of $410 million, net income of $101 million, and adjusted EBITDA of $196 million.
- The company significantly strengthened its balance sheet, reducing net leverage from 1.8 times a year ago to 0.3 times in Q3 2025, primarily by fully repaying its revolver and redeeming $212 million of debt, which eliminated over $15 million in annual interest expense.
- All four of Hecla's producing assets—Greens Creek, Lucky Friday, Casa Berardi, and Keno Hill—generated positive free cash flow for the second consecutive quarter, contributing to a consolidated free cash flow of $90 million for the quarter.
- Hecla provided updated production guidance for 2025, tightening silver production guidance for Greens Creek, Lucky Friday, and Keno Hill, and gold production guidance for Greens Creek and Casa Berardi, while reiterating cost guidance for most operations.
- The company plans to substantially increase its exploration budget in Nevada and reinitiate dormant projects, targeting 2%-5% of revenues for exploration in 2026, and expects Keno Hill to reach commercial production around 2027.
Nov 6, 2025, 3:00 PM
Hecla Mining Company Reports Record Q3 2025 Financial Results and Tightens Production Guidance
HL
Earnings
Guidance Update
New Projects/Investments
- Hecla Mining Company reported record revenue of $409.5 million, record net income of $100.6 million ($0.15/share), and record Adjusted EBITDA of $195.7 million for Q3 2025.
- The company generated $90.1 million in free cash flow and reduced its net leverage ratio to 0.3x in Q3 2025.
- Q3 2025 silver production was 4.6 Moz, with a consolidated All-In Sustaining Cost (AISC) of $11.01/oz after by-product credits.
- Gold production from Casa Berardi was 25.1 Koz in Q3 2025, with an AISC of $1,746/Au oz.
- Hecla tightened its 2025 production guidance to 16.2-17.0 Moz for total silver and 145-150 Koz for total gold.
Nov 6, 2025, 3:00 PM
Hecla Mining Company Reports Record Q3 2025 Results and Tightens Production Guidance
HL
Earnings
Guidance Update
Dividends
- Hecla Mining Company reported record quarterly revenue of $409.5 million, a 35% increase over the prior quarter, along with record net income of $100.6 million ($0.15 per share) and record Adjusted EBITDA of $195.7 million for Q3 2025.
- The company achieved substantial deleveraging, with its net leverage ratio decreasing to 0.3x from 0.7x in the prior quarter, and fully repaid its revolving credit facility.
- Hecla generated $148 million in cash from operations and $90.1 million in free cash flow during Q3 2025, contributing to a cash balance of $133.9 million.
- Production guidance for 2025 was tightened for both silver and gold, with consolidated gold production now expected to be 145.0-150.0 thousand ounces.
- A common stock dividend of $0.00375 per share was declared, payable around December 8, 2025.
Nov 5, 2025, 9:34 PM
Hecla Mining Company Reports Strong Q2 Performance, Debt Reduction, and Strategic Asset Optimizations
HL
Management Change
New Projects/Investments
Guidance Update
- Hecla Mining Company has undergone a generational change in management, with Rob Krcmarov joining as CEO and Mike Parkin as VP of Strategy and Investor Relations in March.
- The company reported all four producing assets generated positive free cash flow in Q2, with Greens Creek alone contributing $69 million. Hecla completed an at-the-market financing to raise $216 million to cancel 45% of its 7.25% senior notes, bringing net debt to last 12-month EBITDA down to approximately 0.7.
- Hecla is the biggest silver producer in the U.S. and Canada, producing 13.4 million ounces of U.S. silver production in 2024, and is the lowest cost silver producer with an average AISC of approximately $13.06 last year. The company is tracking well to its 2025 guidance of 15.5 to 17 million silver ounces and 140,000 to 150,000 ounces of gold.
- The company opted to retain its Casa Berardi Gold Mine, which is now expected to generate $290 million of cumulative free cash flow at $4,000 gold, potentially repaying remaining debt. Significant growth potential is also identified in projects like Libby (Montana) and Midas (Nevada), with increased exploration spending planned for 2026.
Oct 7, 2025, 6:45 PM
Hecla Mining Company's Libby Exploration Project Advances in Montana
HL
New Projects/Investments
- Hecla Mining Company announced the U.S. Forest Service has advanced its 100% owned Libby Exploration Project in Montana by issuing a final decision notice and finding of no significant impact, moving the project into its exploration phase.
- The Libby Project contains an Inferred Resource, as of December 31, 2024, of 112.2 million tons grading 0.7% copper and 1.6 ounces per ton silver, totaling over 1.5 billion pounds of copper and 183 million ounces of silver.
- Hecla is open to partnering with a strategic partner for the exploration phase and beyond, while maintaining its economic exposure to the significant silver resources.
Oct 6, 2025, 9:43 PM
Quarterly earnings call transcripts for HECLA MINING CO/DE/.
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