Quarterly ResultMay 5, 2026, 05:12 PM
Hecla Q1 Revenue $411M, Record Free Cash Flow $144M; Declares Dividend
AI Summary
Hecla Mining Company reported strong first quarter 2026 financial results, with revenue exceeding $411 million and record free cash flow from continuing operations of $144 million. The company achieved a significant strategic inflection point by transitioning to a net cash position of $588 million, with total debt at $266 million, and subsequently redeemed its remaining $263 million Senior Notes, becoming debt-free. Additionally, the Board declared a quarterly cash dividend of $0.00375 per share of common stock and $0.875 per share of Series B Preferred Stock.
Key Highlights
- Revenue from continuing operations: Over $411 million, up 13% QoQ and 100% YoY.
- Net income from continuing operations: $165 million, or $0.25 per share.
- Record Adjusted EBITDA from continuing operations: $265 million, up 31% QoQ.
- Record quarterly free cash flow from continuing operations: $144 million.
- Cash balance of $588 million and total debt of $266 million, achieving net cash.
- Redeemed remaining $263 million of 7.25% Senior Notes in April 2026, becoming debt-free.
- Declared common stock dividend of $0.00375 per share.
- Declared Series B Preferred Stock dividend of $0.875 per share.