Hecla Mining Company, the largest silver producer listed on the New York Stock Exchange, saw its stock climb more than 5 percent on August 7, 2026, after second-quarter results showed a sharp jump in cash generation even as revenue slipped. The Idaho-based miner reported operating cash flow of $175 million for the quarter, a 61 percent increase from a year earlier, while free cash flow more than doubled to $136 million.
Quarterly revenue came in at $334 million, down 19 percent from the prior quarter as realized metal prices softened, and earnings per share landed at $0.17, just short of analyst expectations. Silver production rose 8 percent quarter over quarter to 4.2 million ounces, with the company's Lucky Friday mine in Idaho posting record output and record site-level free cash flow. Consolidated silver cash costs came in negative at $8.10 per ounce, with all-in sustaining costs of $6.07 per ounce from continuing operations excluding the Keno Hill project.
Hecla updated its full-year 2026 guidance to 15.1 million to 16.1 million ounces of silver, trimming the top end of the prior range while improving per-ounce cost targets. The company also reported it remains essentially debt-free, holding roughly $483 million in cash alongside an undrawn $225 million credit facility. Scotiabank lowered its price target on the stock to $21 from $25 while maintaining a Sector Perform rating, citing a more cautious near-term outlook for gold prices alongside a steadier view on silver. Exploration results across the company's Keno Hill, Midas, Greens Creek and Lucky Friday properties pointed to new high-grade zones during the quarter.
Source: StocksToTrade -- https://stockstotrade.com/news/hecla-mining-company-hl-news-2026_08_07/