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Hecla Mining Company (HL)
NYSE:HL
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.27Last Year’s EPS
0.04Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a strong transformational year with multiple financial and operational records, decisive balance sheet deleveraging, robust free cash flow, and several operational milestones (record production at Lucky Friday and Keno Hill, low-cost Greens Creek). Management articulated a clear silver-focused strategy and a pipeline of organic growth projects (Keno Hill ramp, Midas, Aurora) supported by substantial exploration investment. Near-term challenges include a modest step-down in 2026 silver production vs 2025, transitional accounting and potential loss on the Casa Berardi sale, weather-related Q1 impacts, and remaining uncertainties around Midas development and the need to replenish silver assets. Overall, the positive financial transformation, strong margins, and operational momentum materially outweigh the manageable near-term and strategic challenges.Company Guidance
Record Financial Performance
2025 record revenue of $1.4 billion; net income applicable to shareholders of $321 million ($0.49 per share); record adjusted EBITDA of $670 million.
Transformational Cash Generation and Free Cash Flow
Operating cash flow of $563 million and free cash flow of $310 million in 2025 (up from $4 million in 2024 — ~7,650% increase). Q4 free cash flow ~ $135 million.
Rapid Deleveraging and Strong Liquidity
Total debt reduced to $276 million; gross debt to adjusted EBITDA decreased from 1.6x in 2024 to 0.4x in 2025 (≈75% reduction); net leverage improved from 1.6x to 0.1x (≈94% improvement). Cash on hand rose from $27 million to $242 million (9x increase).
Outstanding Silver & Gold Production Results
Met full-year silver production guidance at 17.0 million ounces and exceeded gold guidance with 150,000 ounces in 2025. Q4 revenue of $439 million with silver representing 59% of that total.
Lucky Friday — Record Production and Operational Progress
Lucky Friday delivered a record 5.3 million ounces of silver in 2025 (nearly 50% increase vs 2021). Q4 produced 1.3M oz; full-year AISC under $22/oz after by-product credits. Surface cooling project 79% complete and on track for mid-2026 completion.
Greens Creek — Low-Cost, High-Margin Flagship
Greens Creek produced 8.7M oz silver in 2025 at the top end of guidance with AISC under negative $2/oz after by-product credits for the year. Q4 produced 2.0M oz with AISC under $3/oz, generating $102M operating cash flow and ~ $80M free cash flow. Reserve additions: 3.7M oz added via model updates and net reserve growth of 2.4M oz.
Keno Hill Turnaround and Record Production
Keno Hill exceeded guidance with >3 million ounces in 2025, achieved first full-year profitability and positive free cash flow under Hecla ownership. Q4 produced 597k oz and generated $33M operating cash flow and >$17M free cash flow.
Strong Margins and Return Metrics
Silver all-in sustaining cost (AISC) margin improved from 54% in 2024 to 75% in 2025. Q4 realized silver price nearly $70/oz (+$14/oz vs quarterly average); Q4 AISC $18.11/oz producing a $51/oz margin (≈74% of realized price). Return on invested capital improved from 4% to 12% (3x).
Exploration Momentum and Pipeline Growth
2026 exploration budget $45M–$55M focused on Nevada and near-mine opportunities; Midas and Aurora show promising results (Aurora received FONSI permitting milestone). Exploration added 3.7M silver ounces via model updates and replaced 9.5M ounces depleted through mining.
Strategic Portfolio Optimization (Casa Berardi Sale)
Pending sale of Casa Berardi to Orezone will increase Hecla's silver revenue exposure to ~73% upon closing, further aligning the company as a premier North American silver producer and planned use of proceeds to reduce debt and strengthen the balance sheet.
HL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $21.24 | $22.02 | +3.67% |
Nov 05, 2025 | $12.11 | $13.55 | +11.89% |
Aug 06, 2025 | $6.10 | $7.21 | +18.20% |
May 01, 2025 | $5.46 | $4.53 | -17.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hecla Mining Company (HL) report earnings?
Hecla Mining Company (HL) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Hecla Mining Company (HL) earnings time?
Hecla Mining Company (HL) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HL EPS forecast?
HL EPS forecast for the fiscal quarter 2026 (Q1) is 0.27.