HL Hecla Mining Company (HL) Q2 FY26 earnings call
Hecla Mining reported a quarter of significant financial strength, marked by record free cash flow generation and a robust net cash position, enabling strategic investments in its project pipeline. While revenue saw a sequential decline due to metal price fluctuations and concentrate sales timing, operational performance remained strong, particularly at Greens Creek and Lucky Friday, with notable safety improvements. The company is advancing organic growth projects and exploration, despite Keno Hill's ramp-up facing permitting and infrastructure development timelines.
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HL operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.