HECLA MINING CO/DE/

Hecla Mining Company announced strong second quarter 2026 financial and operating results, highlighted by $175 million in cash flow from continuing operations and $136 million in free cash flow. The company achieved its strongest balance sheet in history, ending the quarter debt-free with $483 million in cash. Operational performance saw consolidated silver production increase by 8% quarter-over-quarter, with Lucky Friday setting a new production record. Hecla also declared quarterly dividends for both common and Series B preferred stock, and updated its 2026 production and cost guidance.

Hecla Mining reported a net loss of $19.16 million for the first quarter of 2026, primarily driven by a $192.5 million loss on the sale of its Hecla Quebec Inc. subsidiary. This strategic divestment, completed on March 25, 2026, for a fair value of $385.7 million, aims to optimize the portfolio and focus on silver assets. Despite the loss from discontinued operations, the company's continuing operations showed strong performance with sales increasing to $411.4 million and net income from continuing operations rising to $164.7 million.

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.

Hecla Mining Company announced the completion of the redemption of its remaining $263 million 7.25% Senior Notes, originally due in 2028. This strategic financial move, executed on April 9, 2026, effectively eliminates a substantial debt obligation from the company's balance sheet. The full redemption is expected to reduce future interest expenses, thereby enhancing the company's financial flexibility and strengthening its overall capital structure. This action also terminates the associated indentures governing the Notes.