Hecla Mining Q1 revenue rises 13% on higher metals prices

Hecla Mining Co

05/05/2026 22:07

Overview

US silver miner's Q1 revenue rose 13% from prior quarter, up 100% yr/yr

Company posted record free cash flow and moved to net cash position after debt redemption

Revenue growth driven by higher realized silver and gold prices, partly offset by lower production

Outlook

Hecla reiterates 2026 production and cost guidance

Company expects capital investment to increase in Q2 and Q3 2026 as projects advance

Exploration activity planned to ramp up in Q2 and Q3 2026, with more drills and expanded programs

Result Drivers

HIGHER METAL PRICES - Revenue and cash flow benefited from significantly higher realized silver, gold, and lead prices, offsetting lower production volumes

GREENS CREEK PERFORMANCE - Improved silver and gold production at Greens Creek, along with higher by-product credits, drove lower costs and stronger margins

LOWER CAPITAL INVESTMENT - Record free cash flow was supported by reduced capital investment compared to the prior quarter

Company press release: ID:nBwW9Yta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$411.43 mln
$416.05 mln (2 Analysts)
Q1 Net Income
-$19.03 mln
Q1 Adjusted EBITDA
Miss
$265 mln
$290 mln (1 Analyst)
Q1 Free Cash Flow
$143.66 mln
Q1 Gross Profit
$253.26 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy."

Wall Street's median 12-month price target for Hecla Mining Co is $24.50, about 43.7% above its May 5 closing price of $17.05

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)