HECLA MINING CO (HL) entered into a new Credit Agreement on September 16, 2026 that provides a $500 million senior secured revolving credit facility, with an option to increase total lender commitments by up to an additional $100 million, subject to conditions. The revolving loans mature on September 16, 2030, with an option to extend the maturity by one year upon lender consent. Borrowings may be used for working capital, capital expenditures and other general corporate purposes, including refinancing debt under the prior facility.
Loans bear interest at the borrower’s option based on Term SOFR or a base rate, plus a margin determined by a pricing grid. The facility includes customary covenants, including minimum interest coverage and maximum net leverage ratios, and limits on additional indebtedness, liens, investments, restricted payments, asset sales and affiliate transactions. Obligations are guaranteed by certain subsidiaries and secured by pledges of equity interests related to the Greens Creek operations, but unlike the prior facility do not include a mortgage or blanket lien on Greens Creek assets. The prior credit agreement dated July 21, 2022, as amended, was terminated and all outstanding obligations under it were repaid, satisfied or replaced.
Hecla Mining Company (HL) is updating prior-period financial information after selling its wholly owned subsidiary Hecla Quebec Inc., owner of the Casa Berardi mine, to Orezone Gold Corporation. The transaction closed March 25, 2026 for total undiscounted consideration of up to $602.2 million, with a fair value of $385.7 million, and is described as a strategic shift with a major effect on operations and results.
Casa Berardi is now treated as a discontinued operation and is no longer a reportable segment. Hecla has recast its 2025 Form 10-K and Q1 2026 Form 10-Q to remove Casa Berardi from continuing operations and to conform income statement presentation, including eliminating “Total Cost of Sales” and “Gross Profit” lines and renaming “ramp-up and suspension costs” as “care and maintenance” costs. The company states cash proceeds were used for debt reduction and balance sheet strengthening, and that the divestiture increases revenue exposure to silver and concentrates capital on silver-focused assets in jurisdictions it views as favorable.
HECLA MINING CO (HL) reported insider transactions by Patrick Shay Malone, VP - Sustainability. On 2026-08-20, he sold 100 shares of common stock at $20.97 per share and 23,894 shares at $20.76 per share in open-market or private transactions, totaling 23,994 shares sold. On the same date, 2,275 shares were acquired indirectly in his 401(k) under the Hecla Mining Company Capital Accumulation Plan, estimated from 192.951 units. Footnotes state he also holds 71,417 unvested performance-based units and 103,227 unvested restricted stock units, which are equity awards rather than currently outstanding common shares.
HECLA MINING CO (HL) reported an insider stock sale by Patrick Shay Malone, Vice President – Sustainability. On 2026-08-20, Malone conducted two open-market or private sales of common stock totaling 23,994 shares, consisting of 100 shares at $20.97 and 23,894 shares at $20.76 per share. The filing does not state Malone’s post-transaction holdings, and the Rule 10b5-1 trading plan checkbox was left unchecked.
HECLA MINING CO (HL) disclosed that officer Patrick S. Malone filed a notice to sell common stock under Rule 144. The planned transaction covers 23,994 shares of common stock, which are tied to Vested Restricted Stock Units dated 06/22/2026 and held through Morgan Stanley Global Stock Plan Services.
State Street Corporation reported passive ownership of common stock of Hecla Mining Company. State Street beneficially owned 33,807,371 shares of Hecla common stock, representing 5% of the class as of June 30, 2026. State Street reported no sole voting or dispositive power, with shared voting power over 32,109,731 shares and shared dispositive power over 33,807,371 shares. The holdings are associated with several investment adviser subsidiaries, including SSGA Funds Management, Inc. and various State Street Global Advisors entities, indicating that the position is held on behalf of clients rather than as a proprietary stake.
Hecla Mining Company reported Q2 2026 sales of $333.9 million, up from $219.0 million a year earlier, driven by higher silver, gold, lead and zinc revenues. Income from operations rose to $145.7 million from $58.0 million and income from continuing operations to $117.9 million from $26.9 million, with diluted EPS from continuing operations of $0.17.
For the first half of 2026, sales reached $745.3 million versus $424.3 million in 2025, while income from continuing operations grew to $282.5 million. Discontinued operations related to the Casa Berardi mine produced a $183.7 million loss, limiting net income to $98.8 million. Operating cash flow was $369.2 million versus $197.5 million, and the company repaid $263.0 million of 7.25% Senior Notes, lifting cash and restricted cash to $484.7 million. Long‑term debt including finance leases declined to $7.6 million and total stockholders’ equity increased to about $2.68 billion.
Hecla Mining Company reported second quarter 2026 sales of $334 million, with income from continuing operations of $118 million or $0.18 per basic share. Adjusted EBITDA from continuing operations was $199 million, while cash provided by operating activities from continuing operations rose to $175 million and free cash flow from continuing operations reached $136 million. Cash and cash equivalents were $483 million at June 30, 2026, after redeeming the remaining $263 million of 7.25% Senior Notes, leaving the company effectively debt free (excluding finance leases) with a fully undrawn $225 million revolving credit facility and a $75 million accordion option.
Consolidated silver production from continuing operations was 4.2 million ounces, up 8% from the prior quarter, with Lucky Friday achieving record silver output of 1.5 million ounces. Silver cash cost was ($8.10) per ounce and AISC was $6.07 per ounce (after by-product credits, excluding Keno Hill). For 2026, consolidated silver production is guided to 15.1–16.1 million ounces, with improved total silver cash cost guidance of ($4.00)–($3.75) per ounce and AISC of $12.50–$13.50 per ounce. The board declared a quarterly common dividend of $0.00375 per share and a Series B preferred dividend of $0.875 per share.
BlackRock, Inc. reports its beneficial ownership of common stock of Hecla Mining Company on an amended Schedule 13G. BlackRock and certain of its business units beneficially own 68,486,018 shares of Hecla common stock, representing 10.2% of the class.
BlackRock has sole voting power over 66,699,267 shares and sole dispositive power over 68,486,018 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single person has more than five percent of the total outstanding common shares.
Hecla Mining Company Vice President & PAO Stuart Maurice Absolom reported several equity compensation events in common stock. One-third of previously granted restricted stock units vested, and 7,070 shares were withheld by the company to cover his tax liability. He also received a new grant of 6,258 restricted stock units, plus a derivative award linked to the same underlying shares that vests in equal parts in 2027, 2028, and 2029. Separately, 16,613 shares are held indirectly through his 401(k) plan. After these transactions, he holds a mix of directly owned shares, 401(k) shares, unvested performance-based rights, and unvested restricted stock units.