Hecla Mining Company (HL)
NYSE:HL
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.21Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a strong operational and financial turnaround: debt elimination, record free cash flow and EBITDA, low costs, and clear organic growth and exploration upsides. Challenges noted were largely execution and timing related (permitting at Keno Hill, early-stage project uncertainties, grade variability at Lucky Friday, and shipping/AR timing). Overall the narrative was confident and forward-looking with multiple near- and medium-term value-creation initiatives under evaluation.Company Guidance
Revenue Growth and Strong Top-Line
Revenue from continuing operations exceeded $410 million in Q1 2026, up 13% sequentially and approximately 100% higher than Q1 2025 (double the prior-year level).
Record Profitability and Cash Generation
Record adjusted EBITDA of $265 million and record consolidated free cash flow of $144 million for the quarter; every mine reported positive free cash flow in Q1.
Debt Elimination and Strengthened Balance Sheet
Redeemed senior notes (including a $263M redemption on April 9 and subsequent redemption of remaining notes after quarter-end), ending the company with no long-term debt. Ended the quarter with $588 million cash, $266 million total debt (net cash position reported $321 million) and a fully undrawn $225 million revolving credit facility (with $75 million accordion).
Low Costs and Exceptional Margins
Consolidated cash costs near negative $3/oz and all-in sustaining costs (AISC) below $10/oz. Greens Creek delivered cash costs of roughly negative $12/oz and AISC of negative $8.39/oz (after by-product credits). Realized margin of ~90% of the realized silver price during the quarter.
Production and Operational Performance
Consolidated production of 3.9 million ounces of silver in Q1, ~3% higher than the prior quarter. Greens Creek produced 2.2 million oz silver and 13,000 oz gold; Lucky Friday produced 1.2 million oz silver; Keno Hill produced nearly 0.5 million oz silver. Greens Creek set a record for underground backfill placement (164,000 tons, +16% vs 2025 quarterly average).
Robust Production Guidance and Growth Pathway
2026 silver production guidance reiterated at 15.1 to 16.5 million ounces, with a longer-term pathway to 20+ million ounces driven by Keno Hill ramp, potential Midas restart, and other Nevada projects.
Exploration Ramp-Up
Transformational 2026 exploration budget of $55 million (near doubling vs 2025), including $16 million allocated to Nevada (more than 3x last year). Ongoing drilling at Midas with high-grade intercepts (e.g., DMC-476: 0.21 oz/ton Au and 1.6 oz/ton Ag over 2.3 ft) and active programs at Hollister and Aurora.
Significant Asset Optionality at Greens Creek
Evaluating a pyrite concentrate circuit (low capital intensity, potential cash flow in ~2 years) and tailings reprocessing (estimated ~10.4M tons in dry stack containing an estimated 50M oz silver and ~600k oz gold; gross metal value ~$6.8B at 2025 prices) — both could increase recoveries and reduce reclamation liability if advanced.
Large Projected Cash Flow Upside at Multiple Price Decks
Projected 2026 consolidated free cash flow: >$900 million at $100/oz silver & $5,500/oz gold; >$700 million at ~$75/oz silver & $4,500/oz gold — highlighting strong cash generation sensitivity to metal prices.
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 |
|---|---|---|---|
May 05, 2026 | $17.05 | $18.15 | +6.45% |
Feb 17, 2026 | $21.23 | $22.01 | +3.67% |
Nov 05, 2025 | $12.10 | $13.54 | +11.89% |
Aug 06, 2025 | $6.10 | $7.21 | +18.17% |
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 Aug 11, 2026, Before Open (Confirmed).
What is Hecla Mining Company (HL) earnings time?
Hecla Mining Company (HL) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is HL EPS forecast?
HL EPS forecast for the fiscal quarter 2026 (Q2) is 0.21.