Hecla Mining Unveils Strong 2025 Output, 2026 Outlook

Hecla Mining Company ( (HL) ) has provided an announcement.

On January 26, 2026, Hecla Mining Company reported preliminary full-year 2025 production results showing silver output of 17.0 million ounces, more than 5% above 2024 levels and at the top end of guidance, and gold production of 150,509 ounces, slightly exceeding the high end of its gold guidance range. All primary silver operations met or beat guidance, with Lucky Friday delivering a record 5.3 million ounces of silver on higher throughput and grades, Greens Creek posting higher silver and gold volumes on improved grades, Keno Hill increasing silver production on stronger grades, and Casa Berardi lifting gold production by 5% on better recoveries. For 2026, Hecla guided to somewhat lower consolidated silver production of 15.1–16.5 million ounces and gold production of 134,000–146,000 ounces due mainly to anticipated lower grades at Greens Creek and Casa Berardi, but signaled an aggressive growth posture with a record $55 million earmarked for exploration and pre-development—nearly double 2025 levels—and total capital spending of $255–$279 million. The company expects to maintain strong silver margins with consolidated silver total cost of sales forecast at $471 million and modestly higher unit cash costs and AISC, supported by high assumed metal prices, underscoring management’s confidence in continued cash generation and long-term shareholder value despite slightly lower production guidance.

The most recent analyst rating on (HL) stock is a Hold with a $35.00 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 Outperform.

HL scores 70 driven primarily by solid underlying financial performance (growth, improving margins, and low leverage) and a strong earnings-call outlook featuring record results and major deleveraging. Technicals confirm a strong uptrend but are stretched (RSI/Stoch), and valuation is a meaningful drag due to the very high P/E despite the attractive dividend yield.

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

More about Hecla Mining Company

Hecla Mining Company, listed on the NYSE under the ticker HL, is a North American precious metals producer focused primarily on silver and gold, with additional output of lead and zinc from mines including Greens Creek in Alaska, Lucky Friday in Idaho, Keno Hill in Canada and the Casa Berardi gold mine in Quebec. The company positions itself as a premier silver producer, emphasizing operational efficiency, grade improvements and disciplined capital allocation across its portfolio of underground operations.

Average Trading Volume: 22,297,108

Technical Sentiment Signal: Buy

Current Market Cap: $21.32B

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