HL Hecla Mining Company (HL) Q1 FY26 earnings call
Hecla Mining Company reported a record-setting quarter, achieving a debt-free balance sheet and substantial free cash flow driven by strong operational execution and higher commodity prices. The company is now focused on organic growth opportunities at its Greens Creek and Nevada assets, alongside a record exploration program, while navigating permitting timelines for Keno Hill's ramp-up. Management emphasized a disciplined capital allocation strategy prioritizing internal investments and shareholder value on a per-share basis.
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HL operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Silver production | 3.9M ouncesWe produced 3.9 million ounces of silver, roughly 3% more than the prior quarter.Source: earnings call transcript | 4.2M ouncesOn the operating side, we produced 4.2 million ounces of silver up 8% from the prior quarter.Source: earnings call transcript | +7.7% |
| Silver production Greens Creek | 2.2M ouncesIn the first quarter, the mine produced 2.2 million ounces of silver and 13,000 ounces of gold.Source: earnings call transcript | 2.1M ouncesGreens Creek produced 2.1 million ounces of silver and over 14,000 ounces of gold in the second quarter, in line with our expectations.Source: earnings call transcript | -4.5% |
| Gold production Greens Creek | 13K ouncesIn the first quarter, the mine produced 2.2 million ounces of silver and 13,000 ounces of gold.Source: earnings call transcript | 14K ounces+Greens Creek produced 2.1 million ounces of silver and over 14,000 ounces of gold in the second quarter, in line with our expectations.Source: earnings call transcript | — |
| Silver production Lucky Friday | 1.2M ouncesLucky Friday produced 1.2 million ounces of silver in Q1.Source: earnings call transcript | 1.5M ouncesAnd Lucky Friday delivered new quarterly production record of 1.5 million ounces of silver.Source: earnings call transcript | +25% |
| Silver production Keno Hill | <500K ouncesAt Keno Hill, we produced nearly 0.5 million ounces of silver in Q1 and free cash flow was $15.3 million.Source: earnings call transcript | 625K ouncesAt Keno Hill, we produced 625,000 ounces of silver in the second quarter, up from 0.5 million ounces in the first quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.