Hecla Mining Company (HL) Earnings Call Transcripts

Hecla Mining Company's Latest Earnings Call - Q1 FY2026

In Q1 2026, Hecla Mining Company (HL:US) reported robust financial results, with revenue exceeding $410 million, representing a 13% increase quarter-over-quarter and doubling year-over-year. The company achieved record adjusted EBITDA of $265 million and consolidated free cash flow of $144 million, highlighting strong operational performance. Management reiterated production guidance of 15.1 to 16.5 million ounces of silver for 2026, signaling confidence in ongoing projects and a debt-free balance sheet, which positions Hecla favorably for future growth and potential shareholder returns.

Reported metrics

Guidance from management

Management reiterated production guidance of 15.1 to 16.5 million ounces of silver for 2026, with a strong operational baseline and potential for future growth driven by ongoing projects.

What management said

Thanks for the question, Heiko. Not really. I mean we're basically highlighted the projects that we are focused on in the next several years. Some of them are obviously shorter term, like the pyrite concentrate project, which Carla spoke about. I mean that's a very near-term opportunity, perhaps coming on in the next couple of years. Beyond that, nothing really longer term unless we have spectacular success at Aurora...

In terms of return on invested capital, we haven't isolated it for that particular project, but I would expect it would be very compelling, just given that it's a fairly low CapEx project. I don't know what the circuit cost. I'm going to guess around net $40 million or something, $50 million.

What analysts pressed on

Analysts expressed concerns regarding the permitting timeline for Keno Hill, which could delay production ramp-up until mid-2029. There were also questions about inventory buildup and its impact on future sales and cash flow.

Main topics on the call

• Debt-Free Status — Hecla Mining has eliminated its long-term debt, achieving a significant milestone with 'no long-term debt for the first time in many, many years.' This transformation enhances financial flexibility and shareholder value.
• Record Financial Performance — The company reported 'record adjusted EBITDA of $265 million' and 'record consolidated free cash flow of $144 million,' underscoring strong operational execution and favorable market conditions.
• Production Guidance — Management maintained guidance for silver production between 15.1 million and 16.5 million ounces in 2026, with potential pathways to exceed 20 million ounces annually, driven by ongoing projects.
• Exploration Investment — Hecla is increasing its exploration budget to a record $55 million in 2026, which could reshape the long-term outlook of the company, particularly with projects like Aurora showing significant potential.

Read the full Hecla Mining Company transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 45 Hecla Mining Company earnings call transcripts on record, spanning February 6, 2020 to August 5, 2026. Based on this history, Hecla Mining Company reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HL

Exchange

NYSE

Country

US

Sector

Materials

Industry

Metals and Mining

Calls on record

45

First call

February 6, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly