NYSE: HL HECLA MINING CO/DE/ 8-K

Hecla Mining reports Q2 2026 results: $334M revenue, $118M income, debt-free balance sheet

Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read

Key Changes

high

Redeemed remaining $263M of 7.25% Senior Notes, ending Q2 debt-free (excluding financial leases) with $483M cash and fully undrawn $225M revolver—strongest balance sheet in company history.

Exhibit 99.1 view on EDGAR →
high

Q2 revenue $334M, income from continuing operations $118M ($0.18/share), adjusted EBITDA $199M (down 25% quarter-over-quarter but more than double year-ago quarter); generated $136M free cash flow.

Item 2.02 verify on EDGAR →
medium

Declared common stock dividend of $0.00375/share (record date Aug 26, payable Sept 10) and preferred stock dividend of $0.875 (record date Sept 15, payable Oct 1).

Item 8.01 verify on EDGAR →
medium

Lucky Friday set quarterly production record of 1.5M ounces silver with cash cost $3.95/oz and AISC $17.08/oz (after by-product credits); surface cooling project 88% complete, on track for September.

Exhibit 99.1 view on EDGAR →
medium

Revised 2026 silver production guidance to 15.1-16.1M ounces (from 15.1-16.5M); lowered cash cost guidance to negative $4.00 to negative $3.75/oz and AISC to $12.50-$13.50/oz on first-half outperformance.

Exhibit 99.1 view on EDGAR →

Summary

Hecla Mining reported second quarter 2026 results showing continued strong cash generation despite lower precious metals prices. Revenue of $334 million and income from continuing operations of $118 million ($0.18 per share) declined from a record first quarter, reflecting lower realized silver and gold prices during the period.

The company generated $136 million in free cash flow, its second-best quarterly result, and used the proceeds to redeem the remaining $263 million of its 7.25% Senior Notes. Hecla ended the quarter debt-free (excluding financial leases) with $483 million in cash and a fully undrawn $225 million revolving credit facility—what management describes as the strongest balance sheet in company history.

Operationally, Lucky Friday set a quarterly production record of 1.5 million ounces of silver with industry-leading unit costs, while the company revised full-year 2026 silver production guidance slightly lower to 15.1-16.1 million ounces but improved cost guidance based on first-half outperformance. Hecla declared its regular quarterly common stock dividend of $0.00375 per share and preferred stock dividend of $0.875. The company is advancing a pyrite concentrate circuit project at Greens Creek that could add approximately 1.0 to 1.2 million ounces of annual silver production once operational between late 2027 and early 2028. The debt-free balance sheet and strong cash generation position Hecla to fund organic growth projects and return capital to shareholders.

Section-by-Section Diff

Event · Item 2.02 — Results of Operations and Financial Condition

~100 words

Hecla Mining announced Q2 2026 operating and financial results via press release.

1 Added

Added Q2 2026 results announcement high

Added in current filing · verify on EDGAR →

On August 4, 2026, Hecla Mining Company (the “Company”) issued a news release announcing the Company’s second quarter 2026 operating and financial results.

Hecla Mining disclosed its second quarter 2026 operating and financial results through a press release. The 8-K body itself does not contain the actual financial figures; those appear in the attached Exhibit 99.1 press release.

Event · Item 8.01 — Other Events

~98 words

Item 8.01 — Other Events filed; see Key Changes for terms.

2 Added

Added Common stock dividend medium

Added in current filing · verify on EDGAR →

the Company announced it would pay a dividend on its shares of common stock in the amount of $0.00375, to shareholders of record as of August 26, 2026, payable on or about September 10, 2026

Hecla Mining declared a common stock dividend of $0.00375 per share. Shareholders of record as of August 26, 2026 will receive payment on or about September 10, 2026.

Added Preferred stock dividend medium

Added in current filing · verify on EDGAR →

the Company also announced it declared a dividend of $0.875 on its Series B Cumulative Convertible Preferred Stock to shareholders of record as of September 15, 2026, payable on or about October 1, 2026

The company declared a dividend of $0.875 on its Series B Cumulative Convertible Preferred Stock. Preferred shareholders of record as of September 15, 2026 will receive payment on or about October 1, 2026.

Event · Exhibit 99.1

~14,700 words View exhibit on EDGAR ↗

4 Added

Added Q2 2026 financial results high

Added in current filing · view on EDGAR →

Revenue: $334 million, an expected pullback from a record prior quarter, primarily reflecting lower realized silver and gold prices, in line with the trend of lower market prices during the quarter. ... Income from continuing operations of $118 million or $0.18 per share - down from $165 million or $0.25 per share in the prior quarter. ... Adjusted EBITDA: $199 million from continuing operations, a 25% decrease over the prior quarter but more than double the $93 million recorded in the second quarter of 2025 (both periods on a continuing operations basis, excluding Casa Berardi). ... $175 million cash generated from continuing operations, and second best quarterly free cash flow from continuing operations of $136 million

Hecla reported Q2 2026 revenue of $334 million, down from a record prior quarter due to lower realized precious metals prices and timing of shipments. Income from continuing operations was $118 million ($0.18 per share), down from $165 million in Q1 2026. Adjusted EBITDA from continuing operations was $199 million, down 25% quarter-over-quarter but more than double the year-ago quarter. The company generated $175 million in operating cash flow from continuing operations and $136 million in free cash flow, the second-best quarterly result.

Added Debt redemption and balance sheet high

Added in current filing · view on EDGAR →

Cash position of $483 million underscores continued balance sheet strengthening and strategic flexibility. With the redemption of the remaining $263 million in 7.25% Senior Notes ("Senior Notes"), the Company ends the second quarter debt free (excluding financial leases) and backed by a fully undrawn $225 million revolving credit facility, with $3.5 million of availability utilized for outstanding letters of credit, plus a $75 million undrawn accordion option, representing the strongest balance sheet position in the Company's history.

Hecla redeemed the remaining $263 million of its 7.25% Senior Notes and ended Q2 2026 debt-free (excluding financial leases) with $483 million in cash. The company has a fully undrawn $225 million revolving credit facility ($3.5 million utilized for letters of credit) plus a $75 million accordion option. Management describes this as the strongest balance sheet in the company's history.

Added Lucky Friday production record medium

Added in current filing · view on EDGAR →

Lucky Friday: Record silver production of 1.5 million ounces. Costs applicable to sales of $35 million, with silver cash cost of $3.95 per ounce and AISC of $17.08 per ounce (both after by-product credits). ... The surface cooling project is 88% complete and remains on track for completion in September.

Lucky Friday set a new quarterly production record with 1.5 million ounces of silver, benefiting from a 31% higher milled grade. Costs applicable to sales were $35 million, with cash cost of $3.95 per ounce and all-in sustaining cost of $17.08 per ounce (both after by-product credits). The surface cooling project is 88% complete and on track for September completion.

Added Greens Creek pyrite concentrate circuit project medium

Added in current filing · view on EDGAR →

Preliminary metallurgical and engineering work indicates the project could, at average reserve grades, add approximately 1.0 to 1.2 million ounces of silver and 10,000 to 15,000 ounces of gold in annual production, once fully ramped up. ... The Company currently targets first production between the fourth quarter of 2027 and the first half of 2028, with a ramp-up period of approximately one year required to reach full capacity.

Hecla is advancing a pyrite concentrate circuit at Greens Creek that could add approximately 1.0 to 1.2 million ounces of silver and 10,000 to 15,000 ounces of gold in annual production once fully ramped up. The project is at a preliminary economic assessment level of engineering, with first production targeted between Q4 2027 and H1 2028, followed by a one-year ramp-up period. The project is expected to recover additional precious metals currently reporting to tailings.