Hecla Mining HL

NYSE | Producer | Silver, Gold, Lead and Zinc
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Updated: 4 Nov 2026 Base analysis: 27 Jan 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Hold only if tolerant of high silver volatility; avoid adding before clear stabilization in the silver price.

Strong free cash flow, debt-free status and raised production guidance provide fundamental support despite silver price volatility.

Market sentiment Positive ↑
Trend: Improving

Sentiment has strengthened following the strong results with record free cash flow and a debt-free balance sheet.

Risk assessment Medium
Dilution: Low Debt-free status and a large cash balance after the Casa Berardi transaction reduce the likelihood of equity issuance; an undrawn credit facility adds further flexibility.
Jurisdiction: Low
Execution: Medium
Cash flow: 24 mo

HOLD is the call. Positive is the market mood. Medium risk means some things can go wrong.

Latest change
  • 4 Nov 2026 — Results were driven by record free cash flow and debt-free status after the Casa Berardi transaction.

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Sector: Silver, Gold, Lead and Zinc
Type: Producer
Next report (Q4)
15 Feb 2027
Catalysts
◌
2026
Expanded exploration Medium
Bull case

Record free cash flow and a debt-free balance sheet provide robust support for continued organic growth.

Bear case

Permit constraints at Keno Hill and historically high valuation limit upside.

Why this signal

Strong free cash flow, debt-free status and raised production guidance provide fundamental support despite silver price volatility.

Recent news
  • Hecla released its Q3 report on November 3 with revenue of 394.8 million USD and net income of 149.6 million USD, both beating expectations. The company reported record free cash flow of 151 million USD, is now debt-free and raised its 2026 silver production guidance.

Key figures

Revenue
Q3 2026
USD 395M
EBITDA
Q3 2026
USD 211M
Net income
Q3 2026
USD 150M
Cash
Q3 2026
USD 692M
Total debt
Q3 2026
USD 0.0M
Gross margin
Q2 2026
90.0%
Shares outstanding
as_of
671,768,431
EPS
Q3 2026
USD 0.22
Exchange
NYSE
Type
Producer
Sector
Silver, Gold, Lead and Zinc
Hecla Mining HL
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.