Hecla Mining Company reported third quarter 2026 results on November 3, with silver production of 4,170,826 ounces from continuing operations. Greens Creek in Alaska produced 1,935,193 ounces, Lucky Friday in Idaho produced 1,272,585 ounces, and Keno Hill in Yukon, Canada produced 963,048 ounces, a quarterly record for that mine. Greens Creek also produced 11,996 ounces of gold.
Sales totaled about $394.8 million, and net income was $149.6 million, or $0.22 per share. Adjusted EBITDA reached about $211.5 million. Operating cash flow was about $203.0 million and free cash flow was about $151.2 million. Hecla described the free cash flow as a record, with Greens Creek contributing a record $147 million.
The balance sheet showed cash and cash equivalents of about $691.6 million. Hecla reported no debt excluding finance leases, which stood at about $7.1 million. A new $500 million revolving credit facility is undrawn, apart from $3.4 million used for letters of credit. Casa Berardi is now reported as a discontinued operation, and Keno Hill has not yet reached commercial production.
Hecla raised the low end of its 2026 silver production guidance to a range of 15.3 million to 16.1 million ounces, up from a low end of 15.1 million ounces. By mine, guidance is 8.0 million to 8.3 million ounces at Greens Creek, 5.0 million to 5.2 million ounces at Lucky Friday, and 2.3 million to 2.6 million ounces at Keno Hill. Gold guidance for Greens Creek is 51,000 to 55,000 ounces.
Silver cash cost guidance is a credit of $4.25 to $4.75 per ounce, and silver all-in sustaining cost guidance is $11.50 to $12.50 per ounce. Total capital investment is planned at $198 million to $214 million. CEO Rob Krcmarov said the company is well positioned to achieve its 2026 guidance.
Source: Hecla Mining Company (SEC Form 8-K, Exhibit 99.1) - https://www.sec.gov/Archives/edgar/data/0000719413/000119312526445747/hl-ex99_1.htm