Inferra AI / Company / HL
Hecla Mining Co/De/
HL · Materials
Last earnings Aug 28, 2026
Key results
Reported net incomequarter
$28.7 million
• Reported net income applicable to common stockholders of $28.7 million, or $0.05 per share.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Net incomequarter
$28.7 million
Net income applicable to common stockholders was $28.7 million compared to $11.8 million in the prior quarter.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Free cash flowquarter
$33.4 million
Free cash flow was $33.4 million, a decrease of 27% from the prior quarter as lower capital investment did not fully offset the decrease in cash flow from operations.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Free cash flow was $8.4 million and decreased over the prior quarter due to the items mentioned above.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Free cash flow was negative $18.4 million, a decline of $3.7 million over the prior quarter due to the lower cash flow from operations, partially offset by the lower capital investment during the quarter.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Free cash flow was negative $6.4 million, a $2.3 million decrease over the prior quarter due to lower cash flow from operations.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
AI analysis
Q1 2025 · reported May 1, 2025
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q1 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Reported net income | $28.7 million | $11.8 million | — |
| Net income | $28.7 million | $11.8 million | — |
| Free cash flow | $33.4 million | — | — |
Guidance · company-stated
Direction: Reiterated
“Greens Creek's cost outlook has been lowered, maintaining cost of sales guidance at $289 million (includes depreciation) but lowering cash cost guidance to $0.25-$0.75 from the prior $2.00-$2.50 (after by-product credits), per silver ounce, and AISC to $6.50-$7.25 from $8.75-$9.50 (after by-product credits), per silver ounce.”
“3,4 Capital investment guidance is unchanged at $48-$51 million in sustaining capital and $10-$12 million in growth capital.”
“Casa Berardi guidance for cost of sales (includes depreciation) is revised up to $180 million from $165.5 million due to increased open pit contractor costs related to extending the work by two months from the prior plan, and other cost increases.”
“Cash cost guidance (after by-product credits, per gold ounce) is unchanged at $1,500-$1,650/oz and AISC (after by-product credits, per gold ounce) guidance is also unchanged at $1,750-$1,950/oz.”
“Total capital investment guidance for 2025 is unchanged at $58-$63 million.”
“Silver Production (Moz) Gold Production (Koz) Silver Equivalent (Moz) Gold Equivalent (Koz) Greens Creek * 8.1 - 8.8 44.0 - 48.0 18.0 - 19.5 200.0 - 210.0 Lucky Friday * 4.7 - 5.1 N/A 8.0 - 8.5 90.0 - 95.0 Casa Berardi N/A 76.0 - 82.0 6.5 - 7.5 76.0 - 82.0 Keno Hill * 2.7 - 3.1 N/A 3.0 - 3.5 30.0 - 40.0 2025 Total 15.5 - 17.0 120.0 - 130.0 35.5 - 39.0 396.0 - 427.0 * Equivalent ounces include Lead and Zinc production 2025 Cost Guidance Revised Total silver cash cost guidance per silver ounce (after by-product credits) is unchanged at $3.00-$3.25/oz, and guidance for AISC per silver ounce (after by-product credits) is also unchanged at $15.75-$17.00/oz.”
Classified from the release's primary full-year outlook statement.
Cash flow & capex
Capital allocation
*Net leverage ratio is calculated as current debt, long-term debt and finance leases less cash divided by trailing twelve-month adjusted EBITDA.
What changed vs last quarter
- Net income (GAAP) +$17M (+143.2%) computed from stated figures
Event summary
Hecla Mining Co/De/ Q1 2025 — • Reported net income applicable to common stockholders of $28.7 million, or $0.05 per share.
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Direction: Reiterated
Revenue: “Greens Creek's cost outlook has been lowered, maintaining cost of sales guidance at $289 million (includes depreciation) but lowering cash cost guidance to $0.25-$0.75 from the prior $2.00-$2.50 (after by-product credits), per silver ounce, and AISC to $6.50-$7.25 from $8.75-$9.50 (after by-product credits), per silver ounce.”
Company outlook: “3,4 Capital investment guidance is unchanged at $48-$51 million in sustaining capital and $10-$12 million in growth capital.”
Revenue: “Casa Berardi guidance for cost of sales (includes depreciation) is revised up to $180 million from $165.5 million due to increased open pit contractor costs related to extending the work by two months from the prior plan, and other cost increases.”
Company outlook: “Cash cost guidance (after by-product credits, per gold ounce) is unchanged at $1,500-$1,650/oz and AISC (after by-product credits, per gold ounce) guidance is also unchanged at $1,750-$1,950/oz.”
Company outlook: “Total capital investment guidance for 2025 is unchanged at $58-$63 million.”
Company outlook: “Silver Production (Moz) Gold Production (Koz) Silver Equivalent (Moz) Gold Equivalent (Koz) Greens Creek * 8.1 - 8.8 44.0 - 48.0 18.0 - 19.5 200.0 - 210.0 Lucky Friday * 4.7 - 5.1 N/A 8.0 - 8.5 90.0 - 95.0 Casa Berardi N/A 76.0 - 82.0 6.5 - 7.5 76.0 - 82.0 Keno Hill * 2.7 - 3.1 N/A 3.0 - 3.5 30.0 - 40.0 2025 Total 15.5 - 17.0 120.0 - 130.0 35.5 - 39.0 396.0 - 427.0 * Equivalent ounces include Lead and Zinc production 2025 Cost Guidance Revised Total silver cash cost guidance per silver ounce (after by-product credits) is unchanged at $3.00-$3.25/oz, and guidance for AISC per silver ounce (after by-product credits) is also unchanged at $15.75-$17.00/oz.”
Company outlook — Reiterated (“maintained”)
“Outlook Revised Production guidance for 2025 at Greens Creek is maintained at 8.1-8.8 million ounces of silver, 44.0-48.0 thousand ounces of gold, or 18.0-19.5 million silver equivalent ounces when factoring in all metals (silver, gold, lead, zinc and copper).”
Revenue — Reiterated (“maintaining”)
“Greens Creek's cost outlook has been lowered, maintaining cost of sales guidance at $289 million (includes depreciation) but lowering cash cost guidance to $0.25-$0.75 from the prior $2.00-$2.50 (after by-product credits), per silver ounce, and AISC to $6.50-$7.25 from $8.75-$9.50 (after by-product credits), per silver ounce.”
Company outlook — Reiterated (“unchanged”)
“3,4 Capital investment guidance is unchanged at $48-$51 million in sustaining capital and $10-$12 million in growth capital.”
Company outlook — Reiterated (“maintaining”)
“8 Outlook Revised There is no change to the 2025 production guidance for Lucky Friday, maintaining silver production guidance of 4.7-5.1 million ounces of silver, or 8.0-8.5 million silver equivalent ounces when factoring in all metals (silver, lead and zinc).”
Company outlook — Raised (“increase”)
“The primary drivers of the cash cost and AISC guidance increase at Lucky Friday are higher labor and burden costs, insurance costs, higher than budgeted profit sharing expense, higher costs associated with contractor use intensity, and higher costs than budgeted for some consumables.”
Company outlook — Raised (“increase”)
“3,4 Capital guidance for Lucky Friday in 2025 is unchanged, with investment expected to increase in the second and third quarters (relative to the first quarter) due to the seasonal construction period.”
Company outlook — Reiterated (“unchanged”)
“Outlook Power curtailment by YEC at Keno Hill has improved in 2025, with the previously reported eight days of operational stoppage remaining unchanged through quarter end.”
Company outlook — Lowered (“lower”)
“The Company estimates the power curtailments during planned August YEC maintenance downtime could lower production by approximately 90,000 ounces of silver in the third quarter, which was previously known and factored into our initial 2025 guidance released in February.”
Revenue — Raised (“increased”)
“Casa Berardi guidance for cost of sales (includes depreciation) is revised up to $180 million from $165.5 million due to increased open pit contractor costs related to extending the work by two months from the prior plan, and other cost increases.”
Company outlook — Reiterated (“unchanged”)
“Cash cost guidance (after by-product credits, per gold ounce) is unchanged at $1,500-$1,650/oz and AISC (after by-product credits, per gold ounce) guidance is also unchanged at $1,750-$1,950/oz.”
Company outlook — Reiterated (“unchanged”)
“Total capital investment guidance for 2025 is unchanged at $58-$63 million.”
Company outlook — Reiterated (“Reiterated”)
“3,4 2025 Production Outlook Reiterated Consolidated silver production is expected to be 15.5-17.0 million ounces.”
Classified from the release's primary full-year outlook statement.
Capital allocation
*Net leverage ratio is calculated as current debt, long-term debt and finance leases less cash divided by trailing twelve-month adjusted EBITDA.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
The ratio of net debt to adjusted EBITDA (net leverage ratio) improved to 1.5x from 1.6x in the prior quarter due to strong EBITDA generation during the last 12 months, which offset the $21.1 million increase in net debt.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
1 Cash and cash equivalents at March 31, 2025 were $23.7 million and included $43 million drawn on the revolving credit facility.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
The Company has also hedged approximately 24% of Casa Berardi and Keno Hill CAD denominated total capital expenditures through 2026 at 1.39.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Achieving 440 or higher tons per day would require ore from both the Bermingham deposit and the lower grade Flame & Moth deposit, significant capital expenditures, obtaining permits, executing projects, mine development and maintaining community support.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
14 DIVIDENDS _____________________________________________________________________________________________________________ Pursuant to the dividend policy, the Board of Directors declared a quarterly cash dividend of $0.00375 per share of common stock payable on or about June 10, 2025, to stockholders of record on May 23, 2025.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Strategy & priorities
1 STRATEGIC PRIORITIES FOR 2025 • Strengthen the balance sheet in 2025, targeting highest risk-adjusted return projects and increasing free cash flow generation.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
• Optimize operating portfolio through continued strategic review of Casa Berardi to maximize value.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Looking ahead, we're focusing on four key strategic pillars: achieving operational excellence through standardized systems and continuous improvement; optimizing our portfolio through strategic reviews and focus capital allocation on high-return projects or those that enhance environmental or safety performance or reduce risk; intensifying our focus on financial discipline with a rigorous capital allocation framework; and leveraging our position as North America's largest silver producer to meet growing demand from green technology markets.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
During this time, the focus is expected to be on investing in permitting, infrastructure and equipment, as well as de-watering and stripping two expected new open pits, the Principal and West Mine Crown Pillar pits.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Given the expected hiatus in future production and the uncertainty surrounding permitting and timing of construction of the new open pits, the Company continues to consider strategic alternatives for Casa Berardi, which is ongoing and includes evaluating scenarios such as (i) an outright disposal, (ii) joint venturing the asset, (iii) a spin out of the asset, (iv) extending the underground mine or (v) accelerating future cash flows to capture part of the current record gold prices via a prepayment structure or other financing arrangement.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Risks & headwinds
Given the expected hiatus in future production and the uncertainty surrounding permitting and timing of construction of the new open pits, the Company continues to consider strategic alternatives for Casa Berardi, which is ongoing and includes evaluating scenarios such as (i) an outright disposal, (ii) joint venturing the asset, (iii) a spin out of the asset, (iv) extending the underground mine or (v) accelerating future cash flows to capture part of the current record gold prices via a prepayment structure or other financing arrangement.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
The material factors or assumptions used to develop such forward-looking statements or forward-looking information include that the Company’s plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated, to which the Company’s operations are subject.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
In addition, material risks that could cause actual results to differ from forward-looking statements include but are not limited to: (i) gold, silver and other metals price volatility; (ii) operating risks; (iii) currency fluctuations; (iv) increased production costs and variances in ore grade or recovery rates from those assumed in mining plans; (v) community relations; and (vi) litigation, political, regulatory, labor and environmental risks.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Further, inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically, and an inferred mineral resource may not be considered when assessing the economic viability of a mining project, and may not be converted to a mineral reserve.
SEC original ↗Hecla Mining Co/De/ — Earnings release (8-K exhibit)EX-99May 1, 2025
Earnings deck slides
0 decks with slide viewHecla Mining Co/De/ — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documents- Q2 2026
- 8-KHL
Sep 18, 2026
- 8-KHL
Aug 28, 2026
- 10-QHL
Aug 4, 2026
- 8-KHL
Aug 4, 2026
- Q1 2026
- 8-KHL
May 22, 2026
- 10-QHL
May 5, 2026
- 8-KHL
May 5, 2026
- 8-KHL
Apr 10, 2026
- Q4 2025
- 8-K/AHL
Mar 30, 2026
- 8-KHL
Mar 25, 2026
- 8-KHL
Feb 20, 2026
- 10-KHL
Feb 17, 2026
- 8-KHL
Feb 17, 2026
- 8-KHL
Feb 13, 2026
- 8-KHL
Jan 28, 2026
- 8-KHL
Jan 26, 2026
- EX-99HL
Jan 26, 2026
- Q3 2025
- 8-KHL
Dec 31, 2025
- 10-QHL
Nov 5, 2025
- 8-KHL
Nov 5, 2025
- Q2 2025
- 8-KHL
Sep 11, 2025
- 8-KHL
Aug 20, 2025
- 10-QHL
Aug 6, 2025
- 8-KHL
Aug 6, 2025
- Q1 2025
- 8-KHL
May 22, 2025
- 10-QHL
May 1, 2025
- 8-KHL
May 1, 2025
- Q4 2024
- 8-KHL
Feb 14, 2025
- 8-KHL
Feb 13, 2025
- 10-KHL
Feb 13, 2025
- 8-KHL
Feb 12, 2025
Earnings releases
10 documentsPresentations
1 document- Q4 2025
- HLDeck
Transcripts
0 documentsNo transcripts for Hecla Mining Co/De/ are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.