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- Casa Berardi Environmental Prosecution (new) — Quebec authorities seek $2.7M in penalties for a 2023 dam slip; Hecla contractually liable to reimburse the buyer for financial penalties.
- Casa Berardi Closure-plan Set-off (unchanged) — Approved closure plan triggers $11.5M reduction in future deferred cash payments from the buyer, lowering expected proceeds from the sale.
revenue $333.9M, net income $117.9M. Hecla completes Casa Berardi sale, cuts debt, refocuses on silver; Q2 revenue +52%
Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~2 min read
Key Changes
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Sold Casa Berardi gold mine for $385.7M fair value (cash, stock, deferred payments); used proceeds to redeem $263M of Senior Notes in April 2026, reducing Q2 interest expense by $8.5M YoY and leaving $483.5M cash on hand.
MD&A: Casa Berardi divestiture & debt reduction verify on EDGAR → -
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Quebec environmental authorities issued four Statements of Offence in July 2026 against the entity that now owns Casa Berardi, seeking $2.7M in penalties for a May 2023 dam slip; Hecla agreed to reimburse the buyer for financial penalties under the sale agreement.
Legal Proceedings: Casa Berardi HM3 dam prosecution verify on EDGAR → -
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Quebec approved Casa Berardi's closure plan at CAD $237.1M financial assurance, triggering a set-off right that reduces future deferred cash payments to Hecla by 50% of the excess over $150M; Hecla accrued $11.5M for the liability.
Legal Proceedings: Casa Berardi closure-plan liability verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify