Hecla Reports Third Quarter 2026 Results
Business Wire•03/11/2026•18:00 ET
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Key Highlights
- ➤Revenue $395 million, second highest in company history
- ➤Free cash flow $151 million, nearly triples year-over-year to record
- ➤Cash and equivalents $692 million; company remains debt free
- ➤2026 silver production guidance low end raised to 15.3 million ounces
- ➤Keno Hill silver production nearly 1.0 million ounces, up 54% quarter-over-quarter
Expert Statements
Rob Krcmarov, President and Chief Executive Officer of Hecla Mining Company
“Our third quarter results reflect the strength of the platform we have built, and we are well positioned to achieve our 2026 guidance. We generated record free cash flow of $151 million, led by Greens Creek's record $147 million. Our free cash flow generation and debt-free balance sheet provide us with the strongest financial position in our history, with nearly $700 million in cash and total liquidity of approximately $1.2 billion. Our organic pipeline continues to advance at Greens Creek, where preliminary work on the pyrite concentrate circuit is progressing and we are now evaluating two additional potential paths forward for the dry-stack tailings. These opportunities are still early stage, but they demonstrate the potential for meaningful value creation and to further solidify Hecla’s position as North America’s premier silver producer. We are delighted to welcome Dale Andres to our Board. We look forward to his insight and contributions as we continue to grow Hecla.”
Cash Flow from Continuing Operations up 16% Quarter-Over-Quarter to record $203 million; Free Cash Flow(1) Nearly Triples Year-Over-Year to record $151 million
Hecla Mining Company (NYSE:HL ) ("Hecla", or the "Company") today announced third quarter 2026 financial and operating results. "Prior quarter" refers to the second quarter of 2026. Prior period financial information has been recast to reflect Casa Berardi as a discontinued operation.
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