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Hecla Mining Sells Casa Berardi, Refocuses on Silver Growth

Story Highlights
  • Hecla closed the Casa Berardi mine sale on March 25, 2026, sharpening its focus on silver.
  • Hecla will redeem its remaining $263 million Senior Notes in April 2026, significantly reducing leverage.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hecla Mining Sells Casa Berardi, Refocuses on Silver Growth

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Hecla Mining Company ( (HL) ) just unveiled an announcement.

On March 25, 2026, Hecla Mining Company completed the sale of its subsidiary that owns the Casa Berardi gold mine in Quebec to an affiliate of Orezone Gold Corporation, receiving $160 million in cash and about 65.8 million Orezone shares, with potential deferred and contingent payments of up to $321 million. The divestiture sharpens Hecla’s focus on silver, reinforcing its claim as the premier North American silver producer and freeing capital for other assets such as Greens Creek, Lucky Friday, and Keno Hill.

On the same day, Hecla delivered a notice of full redemption for its remaining $263 million of 7.25% Senior Notes due 2028, with redemption at par plus accrued interest scheduled around April 9, 2026, funded by Casa Berardi sale proceeds and cash on hand. This move materially deleverages the balance sheet, boosts financial flexibility, and is expected to enhance the company’s capacity to invest in strategic growth opportunities, with implications for reduced interest costs and a stronger capital structure for shareholders and creditors.

The most recent analyst rating on (HL) stock is a Hold with a $18.50 price target. To see the full list of analyst forecasts on Hecla Mining Company stock, see the HL Stock Forecast page.

Spark’s Take on HL Stock

According to Spark, TipRanks’ AI Analyst, HL is a Neutral.

The score is driven primarily by a materially improved financial profile (strong 2025 margins and cash generation alongside significant deleveraging) and a constructive earnings-call outlook despite near-term production step-down. These positives are partially offset by weak technical momentum and a high P/E multiple, with the dividend yield providing some valuation support.

To see Spark’s full report on HL stock, click here.

More about Hecla Mining Company

Hecla Mining Company, founded in 1891 and listed on the NYSE under the symbol HL, is the largest silver producer in the United States and Canada. The company operates mines in Alaska and Idaho, is ramping up production at a mine in Yukon, Canada, and holds exploration and pre-development projects in major silver and gold districts across North America.

Hecla focuses on building a portfolio of world-class silver assets while maintaining exposure to gold, positioning itself as a leading North American precious metals producer. Its strategy emphasizes operational scale in silver, geographic concentration in stable jurisdictions, and selective growth investments to enhance long-term shareholder value.

Average Trading Volume: 24,712,485

Technical Sentiment Signal: Buy

Current Market Cap: $12.02B

Learn more about HL stock on TipRanks’ Stock Analysis page.

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