Hecla sells Casa Berardi for $386M, doubles revenue on surging silver and gold prices

Filed May 5, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~2 min read

Key Changes

• high

  Completed sale of Casa Berardi gold mine for $385.7M ($170M cash at close, plus Orezone shares and deferred payments); used proceeds to eliminate $263M Senior Notes debt and strengthen balance sheet.

  MD&A: Casa Berardi divestiture verify on EDGAR →
• high

  Q1 2026 revenue doubled to $411.4M from $261.3M as realized silver price surged 146% to $82.70/oz and gold jumped 67% to $4,899/oz; net income from continuing ops rose to $164.7M from $24.3M.

  MD&A: Revenue and pricing verify on EDGAR →
• high

  Cash and liquid assets surged from $60.5M to $765.6M, including $587.6M cash and $178M in marketable securities (largely Orezone shares from sale); revolving credit facility fully repaid.

  MD&A: Cash position verify on EDGAR →