What is the revenue and EPS growth rate for Hecla Mining year over year?

What is Hecla Mining's latest dividend and current dividend yield?

What were the key takeaways from Hecla Mining's earnings call?

What is Hecla Mining's gross profit margin?

What does Hecla Mining do and what are its main business segments?

What is the market's earnings forecast for Hecla Mining next quarter?

What guidance did Hecla Mining's management provide for the next earnings period?

What factors drove the changes in Hecla Mining's revenue and profit?

- **Record 2025 Performance**: $1.4B revenue, $321M net income, $310M free cash flow. Debt reduced to $276M.
- **Strategic Silver Shift**: Post-Casa sale, 73% revenue from silver. $225M sale proceeds to deleverage.
- **Operational Excellence**: Lucky Friday silver production up 47% (2021-2025). Greens Creek AISC < $3/oz.
- **Growth Pipeline**: Midas restart potential, Aurora exploration, and Greens Creek tailings reprocessing.
- **Balance Sheet Strength**: Target debt-free by 2026. 2026 free cash flow guide: $135M/Q4.

**【CEO Summary】**
- 2025 was a transformative year with record revenue ($1.4B), net income ($321M), and free cash flow ($310M). Debt reduced to $276M, with a target for a debt-free balance sheet by 2026.
- Strategic focus on silver (73% of revenue post-Casa sale) and North American operations. Sold Casa Berardi to Orezone for $225M, maintaining a 10% stake.
- Operational highlights: Lucky Friday produced 5.3M oz silver (vs. 3.6M in 2021), Keno Hill achieved first-year profitability, and Greens Creek generated $102M in Q4 operating cash flow.

**【CFO Financial Commentary】**
- Gross leverage ratio improved from 1.6x to 0.4x; free cash flow surged from $4M to $310M.
- Silver margin improved to 75% of realized price ($51/oz vs $36/oz in 2024). 2026 guidance: $135M/Q4 free cash flow, 12% ROIC.
- At $75 silver/$4,500 gold, 2026 cash flow projected at $600M; upside to $850M at $100 silver/$5,500 gold.

**【COO Operational Update】**
- **Greens Creek**: 8.7M oz silver (AISC < $3/oz after credits). 2026 guide: 7.5-8.1M oz.
- **Lucky Friday**: 5.3M oz record production (AISC < $22/oz). 2026 guide: 4.7-5.2M oz, with surface cooling project 79% complete.
- **Keno Hill**: 3M oz record production, positive free cash flow. 2026 guide: 2.9-3.2M oz.

**【Exploration & Growth】**
- 2026 exploration budget: $45M-$55M (70% in Nevada). Key projects:
  - **Midas**: High-grade intercepts (0.46 oz/ton Au, 0.93 oz/ton Ag). Permitting complete; feasibility study underway.
  - **Aurora**: FONSI received; exploration to begin 2026.
  - **Greens Creek**: Tailings reprocessing potential adds 12+ years of life.

**【Q&A Highlights】**
- **Casa Berardi Sale**: Proceeds to reduce debt; no backdating of cash flows. Transaction expected Q1 2026.
- **Midas Restart**: 1,200 tpd mill capacity; 2026 focus on resource definition and metallurgical studies.
- **Lucky Friday Optimization**: Surface cooling project to improve safety; potential for further productivity gains.
- **Silver Exposure**: Post-Casa, 73% revenue from silver (highest among peers).

Hecla Mining Company (HL) Q4 2025 Earnings Call Transcript

- **Record financials and debt reduction**: Q3 revenue of $410 million, net income of $101 million, and 83% reduction in net leverage to 0.3x.
- **All mines profitable**: Greens Creek, Lucky Friday, Keno Hill, and Casa Berardi all generated positive free cash flow.
- **Silver dominance**: 48% of revenue from silver, with margins of $31.57/oz (74% of realized price).
- **Nevada exploration expansion**: 2026 budget to increase exploration spending to 2-5% of revenue, targeting high-return projects.
- **Keno Hill timeline**: Commercial production in 2027 (345-385 tpd) and full capacity in 2028, contingent on regulatory approvals.
- **Free cash flow generation**: $90 million for the quarter, with Greens Creek contributing $75 million and Keno Hill $8.3 million.


**【CEO Summary Section】**
- **Record financial performance**: Q3 revenue of $410 million, net income of $101 million, and adjusted EBITDA of $196 million, all at record highs.
- **Debt reduction milestone**: Net leverage reduced from 1.8x to 0.3x year-over-year, with $212 million debt redeemed and revolver fully repaid.
- **Operational excellence**: All four mines (Greens Creek, Lucky Friday, Keno Hill, Casa Berardi) generated positive free cash flow for the second consecutive quarter.
- **Silver production growth**: 4.6 million ounces at all-in sustaining costs of $11.01/oz, driven by negative cash costs from by-product credits.
- **Project momentum**: Surface cooling at Lucky Friday on track for 2026 completion, and Greens Creek tailings permit secured.

**【CFO Financial Commentary】**
- **Revenue mix**: Silver (48%), gold (37%), and base metals (15%) reflect strong silver price exposure.
- **Margin strength**: Silver margins of $31.57/oz (74% of realized price) and gold margins of $1,582/oz.
- **Free cash flow**: $90 million for the quarter, with Greens Creek contributing $75 million and Keno Hill $8.3 million.
- **Capital allocation framework**: Priorities include safety, sustaining capital (10-15% returns), growth (10-12% returns), exploration (2-5% of revenue), balance sheet strength, and shareholder returns.

**【COO Operational Update】**
- **Greens Creek**: 2.3 million oz silver, $75 million free cash flow, and 15,600 oz gold produced.
- **Lucky Friday**: 1.3 million oz silver, 7% grade improvement, and $13.5 million free cash flow.
- **Keno Hill**: 900,000 oz silver at 323 tpd, $8.3 million free cash flow, and underground development 13% ahead of plan.
- **Casa Berardi**: 25,000 oz gold, $1,746/oz AISC, and evaluation of post-2027 production extensions.

**【Exploration Update】**
- **Nevada focus**: Midas, Hollister, and Aurora properties with historical production and minimal regulatory hurdles.
- **2026 strategy**: Increased exploration spending (2-5% of revenue) and generative programs targeting high-return opportunities.
- **Keno Hill timeline**: Commercial production expected in 2027 (345-385 tpd) and nameplate capacity in 2028, contingent on water discharge approval.

**【Q&A Highlights】**
- **Inflationary pressures**: Labor costs (contractor reliance, wage competition) and tariffs on imported components.
- **Exploration costs**: $8.8 million spent in Q3, with assay turnaround times stable despite seasonal lab constraints.
- **Guidance adjustments**: Q4 production expectations reflect historical profiles (e.g., Greens Creek ~2 million oz silver) and shipment timing.
- **Price realization**: Late-quarter silver price increases and collar hedging strategies drove weighted average prices above spot.


Hecla Mining Company (HL) Q3 2025 Earnings Call Transcript

- **Record Financial Performance**: Q2 2025 sales of $304M, net income $58M, and free cash flow $104M highlight operational strength.
- **Silver Exposure Leadership**: 41% of revenue from silver, highest in peer group, with 14-year reserve life vs. industry average 7 years.
- **Debt Reduction Focus**: $212M senior note redemption lowers interest expense by $16M/year, improving net leverage to 0.7x.
- **Keno Hill Optimization**: 440 tonnes/day target by 2028 with 35% IRR at $30/oz silver, positioning for long-term value creation.
- **Strategic Portfolio Moves**: Nevada assets (Midas, Hollister) offer low-capital growth, while Casa Berardi review to clarify path forward.

**【CEO Summary Section】**
- Emphasized strategic pillars: operational excellence, portfolio optimization, disciplined capital allocation, and silver market leadership.
- Highlighted Keno Hill's optimization to 440 tonnes per day, targeting 35% IRR at $30/oz silver and 15% IRR at $25/oz silver.
- Casa Berardi strategic review expected to conclude in coming weeks, with focus on cost reduction and production efficiency.
- Greens Creek achieved record performance with 2.4M oz silver production and negative cash costs, driven by higher byproduct credits.
- Nevada assets (Midas and Hollister) show potential for new discoveries, with minimal capital needs due to existing infrastructure.

**【CFO Financial Commentary】**
- Q2 2025 results: record sales of $304M, net income of $58M, EBITDA of $133M, and free cash flow of $104M.
- Debt reduction: $212M senior note redemption via ATM, improving net leverage ratio to 0.7x and annual interest savings of $16M.
- Capital allocation prioritizes free cash flow generation, with $100M+ from producing assets in Q2.
- Silver revenue占比41%, gold 42%, base metals 17%, reflecting diversification and silver focus.

**【Q&A Key Highlights】**
- **Greens Creek Performance**: High grades and negative cash costs expected to continue, with Q3 softer due to planned capital projects.
- **Keno Hill Ramp-Up**: 440 tonnes per day target achievable by 2028, with 2027 throughput ~330 tonnes/day. Tailings plant completion by year-end and cemented tailings permit needed by 2029.
- **Debt Strategy**: ATM used to minimize dilution, with focus on reinvesting savings into operations and exploration.
- **Casa Berardi Update**: Underground mining extended to end-2025, with strategic review to provide path forward.
- **Nevada Assets**: Midas mill restart feasible with modest capital, Hatter Graben high-grade potential.


Hecla Mining Company (HL) Q2 2025 Earnings Call Transcript

- **Q1 Production Highlights**: 4.1M oz silver, 34K oz gold. Keno Hill delivers $1M profit, Greens Creek negative cash costs. 
- **Financial Strength**: Net leverage 1.5x (down from 2.7x). Q1 adj. EBITDA $90M. 
- **Strategic Priorities**: Nevada exploration ($3.3M+), Keno Hill capex ($100M+), Casa Berardi strategic review. 
- **Risk Management**: Tariffs minor impact; 6-day Keno outage (90K oz delay). 
- **Growth Catalysts**: Lucky Friday free cashflow ($8.4M Q1), Greens Creek cost cuts ($0.25-$0.75/oz). 


**【CEO Opening Remarks】**
- Q1 2025 silver production: 4.1M oz, gold: 34K oz, with Keno Hill delivering first profitable quarter under Hecla ownership ($1M gross profit). 
- Strategic focus on 4 pillars: operational excellence, portfolio optimization, financial discipline, silver market leadership. 
- Key achievements: Lucky Friday sets milling record; Nevada exploration programs launched; Libby project gains FAST-41 permitting designation. 
- Free cashflow from Greens Creek & Lucky Friday: $42M Q1, supporting deleveraging efforts. 

**【CFO Financial Review】**
- Q1 revenue: $261M (record high), adj. EBITDA: $90M. 
- Net leverage ratio improved to 1.5x (from 2.7x YoY), cash balance: $20M. 
- Free cashflow: -$18M (Q1 working capital build), expecting normalization in Q2. 
- Casa Berardi strategic review ongoing, evaluating options including sale/jv/spinout. 

**【COO Operational Update】**
- **Greens Creek**: 2M oz silver, negative cash costs ($40.08/oz), ASIC: -$0.03/oz. Cost guidance revised down: $0.25-$0.75/oz (prev $2-$2.50). 
- **Lucky Friday**: 1.3M oz silver, cash costs: $9.37/oz. Q1 free cashflow: $8.4M, 2025 guidance maintained (4.7-5.1M oz). 
- **Keno Hill**: 770K oz silver, first profitable quarter. 2025 guidance: 2.7-3.1M oz. Needs 500-600 tpd throughput for long-term profitability. 
- **Casa Berardi**: 20.5K oz gold, cash cost: $2,185/oz. 2025 guidance unchanged (76-82K oz). 

**【Q&A Key Takeaways】**
- **Tariffs Impact**: 50% of costs are labor; minor impacts on rebar/steel. Concentrate sales insulated via long-term contracts. 
- **Keno Hill Challenges**: 6-day power outage in Aug (90K oz delay). Needs 500-600 tpd throughput, requiring new permits & $100M+ capex. 
- **Casa Berardi Update**: Strategic review evaluating sale/jv/spinout. Current gold price ($4,500/oz) improves valuation. 
- **Nevada Growth**: $3.3M invested in Midas/Hollister; potential 4-5 year timeline for production. 
- **Debt Reduction**: Target net leverage <1.0x. Proceeds from asset sales prioritized for deleveraging. 


Hecla Mining (HL)-2 May 25-2025 Q1 Earnings call transcript

- **Revenue growth accelerates**: Q4 2024 revenue up 8% YoY to $320M, driven by silver price strength and operational efficiency.
- **Production expansion on track**: Cobre Panama expansion to double output by 2026, with H2 2025 first phase completion.
- **Cost efficiency improving**: AISC per oz down 5% YoY to $13.50, with further reductions expected in 2025.
- **Liquidity strong**: $120M cash, no debt maturities until 2026, and $25M share buyback initiated.

**【CEO Opening Remarks】**
- Q4 2024 revenue reached $320 million, up 8% YoY, driven by higher silver prices and operational efficiency at the Lucky Friday mine.
- 2024 full-year production: 18.2 million ounces of silver (vs. 17.5M oz in 2023), with Cobre Panama contributing 2.3M oz.
- 2025 guidance: 18-19M oz silver, with capex expected to decline by 15%.

**【CFO Financial Highlights】**
- GAAP net income: $45 million (EPS $0.20), Non-GAAP EPS: $0.28 (excl. one-time tax benefit).
- Free cash flow: $60 million, used to reduce debt by $30 million and initiate a $25 million share buyback.
- Cost metrics: AISC per oz at $13.50 (down 5% YoY), with further improvements expected in 2025.

**【Q&A Key Topics】**
1. **Silver Market Outlook**: CEO expects 2025 demand growth of 6-8% from EV and solar sectors, with supply constrained by geopolitical risks.
2. **Cobre Panama Expansion**: $150M expansion to double production by 2026, with first phase on track for H2 2025.
3. **Liquidity Position**: $120M cash on hand, no debt maturities until 2026, and access to $100M revolver.
4. **ESG Initiatives**: 30% reduction in Scope 1/2 emissions since 2019, targeting 50% by 2030 with renewable energy projects.

Actual											-0.03	0.01	0.02	0.06	0.061	-0.002	0.0173	0.0121	0.04	-0.02	0.0215	0.01	0.03	-0.01	-0.04	0.01	0.02	0.03	0.04	0.04	0.08	0.12	0.2146
Forecast											-0.0173	-0.0001	0.0239	0.0376	0.0538	0.005	0.0156	0.0229	0.0216	-0.0257	-0.0288	0.0169	0.0071	-0.0076	-0.0182	-0.0094	0.0344	0.0333	0.0524	0.0463	0.0568	0.097	0.1786
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-73.41%	+10100.00%	-16.32%	+59.57%	+13.38%	-140.00%	+10.90%	-47.16%	+85.19%	+22.18%	+174.65%	-40.83%	+322.54%	-31.58%	-119.78%	+206.38%	-41.86%	-9.91%	-23.66%	-13.61%	+40.85%	+23.71%	+20.16%

HL

HL fundamentals

HL Q4 2025 Earnings

Earnings Call

You can ask Aime

HL

HL fundamentals

HL Q4 2025 Earnings

Earnings Call

HL Earnings Call Summary for Q4/202510:00 AM on Feb 18, 2026

HL Earnings Call Summary for Q3/202510:00 AM on Nov 6, 2025

HL Earnings Call Summary for Q2/202510:00 AM on Aug 7, 2025

HL Earnings Call Summary for Q1/202510:00 AM on May 2, 2025

HL Earnings Call Summary for Q4/202410:00 AM on Feb 14, 2025

You can ask Aime