Hecla Mining

HL

Market cap $16.7B

HL ramps silver output, cuts leverage and reshapes its portfolio as ASM lifts production and earnings outlook.

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What goes up must come down. That's the overly simplistic explanation for what happened to the price of precious metals in early February.

First Eagle Small Cap Opportunity Fund A Shares (without sales charge*) posted a return of 1.71% in fourth quarter 2025. Small Cap Opportunity Fund A Shares (without sales charge*) posted a return of 1.71% in fourth quarter 2025.

The massive debt reduction and upcoming subsidiary sale are allowing the company to aggressively ramp exploration spending in 2026. The company's exposure to silver is set to hit 73%, and will likely go higher in the future.

Hecla Mining Company (HL) Q4 2025 Earnings Call Transcript

Hecla Mining Company delivered a transformational 2025, with revenue surging 53% to over $1.4 billion and net income nearly tenfold higher year-over-year. HL's clean balance sheet and strong cash flow, with net debt at just $34 million, position the company for aggressive exploration and growth. The sale of Casa Berardi sharpens HL's focus on silver, while key mines like Greens Creek and Keno Hill delivered record production and negative cash costs.

Hecla Mining (HL) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.04 per share a year ago.

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Reports Fourth Quarter and Full Year 2025 Results.

HL boosts 2025 silver output 5% to 17M ounces, powered by Greens Creek, Lucky Friday and Keno Hill as it ramps up growth.