| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 333.85 | 18.9% | 9.8% |
| Total Income | 333.85 | 18.9% | 9.8% |
| Expenditure | 188.15 | 0.1% | 10.5% |
| PBT | 136.64 | 36.6% | 51.4% |
| Net Profit | 117.88 | 719.4% | 104.3% |
| OPM | 43.64% | 10.58pp | 12.80pp |
| NPM | 35.31% | 39.93pp | 16.33pp |
| EPS | 0.18 | 700.0% | 100.0% |
Hecla Mining Reports Q2 2026 Results: Cash Flow Up 61%, Strongest Balance Sheet
05 Aug 2026 · 5 Aug, 2:38 am
Summary
Hecla Mining Company reported second quarter 2026 results, highlighting a significant 61% year-over-year increase in cash flow from continuing operations to $175 million and a doubling of free cash flow to $136 million. The company achieved its strongest balance sheet in history, ending the quarter debt-free. While revenue saw an expected pullback to $334 million due to lower metal prices, operational performance was strong, with Lucky Friday setting a new production record. Adjusted EBITDA from continuing operations stood at $199 million, demonstrating substantial year-over-year growth compared to Q2 2025.
Key Highlights
- 1
Hecla Mining Company announced second quarter 2026 results, with cash flow from continuing operations up 61% year-over-year to $175 million.
- 2
Free cash flow from continuing operations more than doubled year-over-year to $136 million in the second quarter of 2026.
- 3
The Company reported its strongest balance sheet in history at the end of the second quarter, ending the period debt-free.
- 4
Lucky Friday mine set a new quarterly production record in the second quarter of 2026.
- 5
Revenue for the second quarter of 2026 was $334 million, an expected pullback from the prior quarter reflecting lower realized silver and gold prices.
- 6
Income from continuing operations for Q2 2026 was $118 million, or $0.18 per share, down from the prior quarter.
- 7
Adjusted EBITDA from continuing operations was $199 million, a 25% decrease from the prior quarter but more than double the $93 million recorded in Q2 2025.
Management Comments
Rob Krcmarov
Our second quarter results reflect the strength of the platform we have built. We ended the quarter with the strongest balance sheet in the Company's history, and Lucky Friday delivered record quarterly silver production, underscoring the quality of our silver portfolio. I'm also encouraged by our strong safety performance across the operations, which remains a foundation of everything we do. At the same time, our organic project pipeline continues to advance, demonstrating real potential for meaningful value creation and further solidify Hecla's position as North America's premier silver producer.
Informational and educational content only. Not investment advice.