HECLA MINING CO/DE/ 8K

Hecla Mining Company reported strong Q1 2026 results with record free cash flow, a transition to a net cash and post-quarter debt-free balance sheet, reaffirmed guidance, and expanded organic growth and exploration plans, while recording a net loss to common shareholders due to a non-cash write-down from the Casa Berardi sale and declaring regular dividends.

Hecla Mining Company reported strong financial and operational results for the first quarter of 2026, highlighted by $411 million in revenue from continuing operations (up 13% sequentially and 100% year-over-year), net income from continuing operations of $165 million ($0.25 per share), record adjusted EBITDA of $265 million and record free cash flow from continuing operations of $144 million, while overall net loss to common shareholders was $19 million due to a non-cash $192 million write-down tied to the Casa Berardi sale. The company generated $183 million in operating cash flow, ended March 31, 2026 with $588 million of cash and $266 million of debt (transitioning to a net cash position), and subsequently redeemed its remaining $263 million of 7.25% Senior Notes on April 9, 2026, leaving it debt-free with an undrawn $225 million revolver plus a $75 million accordion. Operationally, Hecla produced 3.9 million ounces of silver (up ~3% sequentially) with consolidated silver cash costs (excluding Keno Hill) of ($3.24) per ounce and AISC of $8.17 per ounce, driven mainly by strong performance at Greens Creek, continued positive free cash flow at Keno Hill, and ongoing investment at Lucky Friday, while reiterating production and cost guidance and outlining an expanded organic growth pipeline including the Greens Creek pyrite concentrate circuit and tailings reprocessing projects, the potential Midas restart in Nevada, and increased exploration spending across its portfolio. The Board also declared a quarterly common dividend of $0.00375 per share payable June 10, 2026, and a Series B preferred dividend of $0.875 per share payable July 1, 2026, and announced details of a May 6, 2026 conference call to discuss results.

Filing Facts

CIK

719413

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-206729

Alert Tier

7