Hecla Mining Q1 Earnings Call Highlights

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MarketBeat

Sun, May 10, 2026 astatine 3:06 PM CDT 8 min read

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Key Points

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Hecla entered Q2 2026 debt-free aft redeeming its remaining elder notes, ending the 4th with a nett currency presumption and a afloat undrawn recognition facility. Management said the institution has transformed its equilibrium expanse from astir $550 cardinal of nett indebtedness to nary semipermanent debt.
First-quarter operating results were record-setting, with gross from continuing operations supra $410 million, adjusted EBITDA of $265 cardinal and escaped currency travel of $144 million. Silver made up 73% of revenue, and each gross came from the U.S. oregon Canada.
Hecla is doubling down connected metallic maturation projects aft selling Casa Berardi, with enlargement plans astatine Greens Creek, a imaginable restart of Midas successful Nevada, and grounds exploration spending of $55 cardinal successful 2026. The institution reiterated 2026 metallic accumulation guidance of 15.1 cardinal to 16.5 cardinal ounces and sees a way to much than 20 cardinal ounces annually implicit time.

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Hecla Mining (NYSE:HL) said it entered the 2nd 4th of 2026 with nary semipermanent debt, grounds quarterly currency procreation and a portfolio progressively focused connected metallic assets successful the United States and Canada, pursuing the merchantability of its Casa Berardi cognition astatine the extremity of March.

On the company’s first-quarter net call, President and Chief Executive Officer Rob Krcmarov said Hecla has undergone a important equilibrium expanse translation since helium joined the institution 18 months ago. “This institution carried astir $550 cardinal of nett debt. Today, we transportation nary semipermanent debt,” Krcmarov said. “None.”

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The institution reported first-quarter gross from continuing operations of much than $410 million, up 13% from the anterior 4th and treble the level from the archetypal 4th of 2025. Hecla besides reported grounds adjusted EBITDA of $265 cardinal and grounds consolidated escaped currency travel of $144 million, with each of its mines generating affirmative escaped currency flow.

Casa Berardi Sale Refocuses Portfolio

Hecla’s first-quarter results were presented connected a continuing operations basis, excluding Casa Berardi, which was sold astatine the extremity of March. Krcmarov described the merchantability arsenic “a deliberate, well-timed decision” that allowed Hecla to absorption superior and absorption attraction connected its metallic maturation platform. The transaction included currency proceeds, a 9.9% equity involvement successful Ozones and deferred currency consideration, according to the company.

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