Every 8-K that Hecla Mining Co (HL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HL filings page.
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 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.
Hecla Mining Company reported the results of its 2026 annual shareholder meeting and a change to its nonemployee director stock plan. Shareholders approved a first amendment extending the expiration of the Director Stock Plan from May 15, 2027 to May 15, 2036.
At the meeting, 524,590,027 shares, or 78.23% of the 670,565,891 common shares outstanding as of March 25, 2026, were represented. Shareholders elected Rob Krcmarov and Dean R. Gehring as directors until the 2029 annual meeting, ratified BDO USA, P.C. as independent registered public accounting firm for 2026, approved named executive officer compensation on an advisory basis, and approved the amendment to the Director Stock Plan.
Hecla Mining Company reported strong first quarter 2026 results and declared cash dividends on its common and Series B preferred stock. Revenue from continuing operations was just over $411 million, up 13% from the prior quarter and 100% from the first quarter of 2025, driven by much higher realized silver and gold prices despite slightly lower production.
Net income from continuing operations was $165 million, or $0.25 per share, compared with $24 million a year earlier, while a non‑cash $192 million write‑down tied to the Casa Berardi sale resulted in a small net loss to common shareholders. Adjusted EBITDA from continuing operations reached a record $265 million, and free cash flow from continuing operations was a record $144 million.
Hecla produced 3.9 million ounces of silver, with Greens Creek and Keno Hill generating positive free cash flow and Keno Hill posting its fourth consecutive positive free cash flow quarter. At March 31, 2026, cash and cash equivalents were about $588 million versus total debt of about $266 million, and after quarter end the company redeemed its remaining $263 million of 7.25% Senior Notes, leaving no long‑term debt and an undrawn $225 million revolving credit facility.
Hecla Mining Company has fully redeemed its remaining $263 million 7.25% Senior Notes due 2028, eliminating this debt and completing a key step in its balance sheet transformation. The company funded the redemption and accrued interest using cash proceeds from its recently completed Casa Berardi sale plus cash on hand.
Management highlights that retiring these senior notes leaves Hecla with an unencumbered balance sheet and no debt obligations, which they believe enhances financial flexibility and capacity to invest in strategic growth across its silver-focused asset portfolio in North America.
Hecla Mining Company filed an amended report to add unaudited pro forma financial statements reflecting the sale of its Hecla Quebec Inc. subsidiary, which includes the Casa Berardi segment, for up to $593 million in total consideration. The deal closed on March 25, 2026, with Hecla receiving $160 million in cash and 65,757,265 Orezone shares valued at $95.5 million. The pro forma statements recast results for 2023–2025 as if the disposal had occurred earlier and treat the business as a discontinued operation. Hecla intends to use the cash proceeds and existing cash to redeem the remaining $263 million of 7.25% Senior Notes due February 15, 2028, which would materially reduce long‑term debt in the pro forma balance sheet.
Hecla Mining Company has completed the sale of its subsidiary that owns the Casa Berardi Mine in Quebec to a wholly owned subsidiary of Orezone Gold Corporation. At closing, Hecla received $160 million in cash and approximately 65.8 million Orezone common shares, and it may receive up to an additional $321 million in deferred and contingent cash payments tied to specific conditions and milestones.
Hecla also delivered a notice of full redemption for its remaining $263 million 7.25% Senior Notes due 2028, with redemption scheduled on or about April 9, 2026 at par plus accrued and unpaid interest. The company plans to use the cash proceeds from the transaction, together with cash on hand, to fund this redemption, which management describes as materially strengthening the balance sheet and increasing financial flexibility to invest in its North American silver assets.
Hecla Mining Company reported a planned board transition focused on its audit oversight. Long-serving director Stephen F. Ralbovsky retired from the Board effective February 19, 2026, after serving as Chair of the Audit Committee and as a member of two other key board committees. The company noted that he did not report any disagreement with Hecla on its operations, policies, or practices.
Effective the same date, director Jill Satre was appointed Chair of the Audit Committee. She has served on the Audit Committee since joining the Board in October 2024 and brings experience leading internal audit, corporate compliance, enterprise risk management, and internal controls at TC Energy Corporation, as well as prior partnership experience at PricewaterhouseCoopers.
Hecla Mining Company reported a record 2025 performance with over $1.4 billion in revenue, up 53% from 2024, and net income applicable to common stockholders of $321 million, or $0.49 per share. Adjusted EBITDA reached $670 million, nearly double the prior year, while cash provided by operating activities rose to $563 million and free cash flow climbed to $310 million.
Net debt fell to $34 million as total debt dropped to $276 million and the net debt to adjusted EBITDA ratio improved to 0.1x from 1.6x. Consolidated silver production increased to 17.0 million ounces and gold production to 151 thousand ounces, both above prior year levels. The company declared a quarterly dividend of $0.00375 per common share and $0.875 per Series B preferred share.
For 2026, Hecla guides consolidated silver production of 15.1–16.5 million ounces and gold production of 65.0–72.0 thousand ounces, reflecting the expected first-quarter 2026 sale of the Casa Berardi mine for total consideration of up to $593 million. Silver cash cost guidance after by-product credits is ($1.50)–($1.25) per ounce and all-in sustaining cost is $15.00–$16.25 per ounce. The company plans $216–$238 million of total capital investment and $55 million of exploration and pre-development spending in 2026.
Hecla Mining Company released detailed year-end 2025 mineral reserve and resource figures and highlighted strong exploration results at Greens Creek, Keno Hill and Midas. Proven and probable reserves total about 231 million ounces of silver, plus gold, lead and zinc across multiple North American assets.
The company spent $25.2 million on exploration and corporate development and $2.5 million on pre-development in 2025, and plans to lift exploration and pre-development spending to $55 million in 2026. Management aims to more than replace annual reserve depletion and maintain what it describes as industry-leading reserve mine life.
The reserve and resource totals currently include Hecla Quebec Inc. and the Casa Berardi mine, which are subject to a pending sale to Orezone Gold Corporation previously announced for up to $593 million. If that transaction closes, those associated reserves and resources would no longer belong to Hecla.
Hecla Mining Company entered into a definitive agreement to sell its wholly owned subsidiary Hecla Quebec Inc., which owns the Casa Berardi operation and a portfolio of exploration properties in Quebec, to Orezone Gold Corporation for up to $593 million in total consideration. The transaction is expected to close in the first quarter of 2026, subject to certain conditions being satisfied. Hecla also issued a news release about the transaction, which is included as an exhibit along with the full agreement outlining detailed terms, representations and warranties.
Hecla Mining Company furnished an update that it has issued a news release with preliminary production and financial results for the fourth quarter and full year ended December 31, 2025. These figures are described as preliminary and may change after management’s final review and the work of the company’s independent registered accounting firm.
The company also announced it will host an Investor Day in New York City on January 26, 2026, with a live webcast beginning at 12:30 p.m. Eastern Time. Slides and materials for the event, including the presentation and the preliminary results release, are available as exhibits and on Hecla’s website.
Hecla Mining Company reported a leadership change involving one of its senior officers. Effective December 31, 2025, Michael L. Clary ceased serving as Senior Vice President and Chief Administrative Officer. Effective January 1, 2026, his employment with Hecla will terminate and he will move into a consultant role with the company.
Hecla and Mr. Clary entered into a separation agreement that provides supplemental severance in two annual installment payments of $417,036.43 each. These payments are in exchange for a release and customary covenants, including non-disparagement and confidentiality. The company states that this termination is treated as a “Qualifying Termination Outside of the Change in Control Period” under a previously disclosed change in control and severance agreement dated June 5, 2025.
Hecla Mining Company (HL) reported that it furnished a news release announcing third quarter 2025 operating and financial results, and declared dividends on its common and preferred shares.
The common stock dividend is $0.00375 to shareholders of record as of November 24, 2025, payable on or about December 8, 2025. The Series B Cumulative Convertible Preferred Stock dividend is $0.875 to shareholders of record as of December 15, 2025, payable on or about January 2, 2026. The results release was furnished, not filed, under the Exchange Act.
Hecla Mining Company announced that representatives will present at the Gold Forum Americas 2025 in Colorado Springs and that the company expects to provide an update on its Casa Berardi operations. The company states the Presentation is available on the conference website and that slides referencing Casa Berardi are furnished as Exhibit 99.1, with a News Release dated September 11, 2025 furnished as Exhibit 99.2. The filing notes that the information and exhibits are furnished under Regulation FD and are not deemed "filed" for purposes of Section 18 of the Exchange Act.
Hecla Mining Company funded the previously announced redemption of $212,000,000 of its outstanding $475,000,000 7.25% Senior Notes due 2028 on August 18, 2025. The company paid a total of $216,014,337.38, which included a $3,843,560 call premium and $170,777.78 of accrued interest. The filing states this action was pursuant to a notice from the trustee and clarifies that the filing itself does not constitute a notice of redemption. The entry is a material financing event reflecting a cash-funded partial retirement of senior notes.