Hecla Reports Third Quarter 2026 Results
Q3 record FCF $151M, income $0.22/sh up from $0.18; 2026 silver AISC guidance cut to $11.50-$12.50/oz, low end of output raised.
What this release says
Hecla reported third quarter 2026 results with record quarterly cash flow from continuing operations of $203 million and record free cash flow of $151 million, both excluding the discontinued Casa Berardi mine. Income from continuing operations rose to $150 million, or $0.22 per share, and the company remains debt free with $692 million of cash. For a shareholder, the release points to stronger cash generation and a lower guided cost range, though the 2026 guidance figures are described as expected rather than final.
Key figures
- Cash flow from continuing operations
- $203 million
- Free cash flow from continuing operations
- $151 million
- Income from continuing operations
- $150 million, or $0.22 per share
- Cash and cash equivalents
- $692 million
- Revolving credit agreement
- $500 million
- 2026 silver production guidance
- 15.3-16.1 million ounces
Positive for shareholders
- Cash flow and free cash flow reached quarterly records, with Greens Creek setting a site-level quarterly record of $147 million.
- Income from continuing operations increased from the prior quarter.
- The company remains debt free, excluding finance leases, and has a new undrawn $500 million revolving credit facility.
- Consolidated 2026 silver cash cost and AISC guidance were improved on better first nine month results.
Negative for shareholders
- Costs applicable to sales from continuing operations rose 35% from the prior quarter, mainly due to timing of sales.
- Keno Hill has not yet reached commercial production, so its results are excluded from AISC figures.
- Total 2026 capital investment guidance was lowered, reflecting lower spend so far this year rather than a change in plans.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Free cash flow:
- Cash generated from operations after subtracting the money spent on capital investments needed to maintain and grow the business.
- AISC:
- All-in sustaining cost, a per-ounce measure of the full cost of producing silver including sustaining capital and exploration.
- TRIFR:
- Total recordable injury frequency rate, a measure of workplace injuries per set number of hours worked.
- Casa Berardi:
- A Hecla mine that is now treated as a discontinued operation, so its results are shown separately from continuing operations.
FAQ
How much cash did Hecla generate in the third quarter of 2026?
Hecla generated $203 million of cash flow from continuing operations and a record $151 million of free cash flow from continuing operations in the quarter.
Has Hecla changed its 2026 silver production guidance?
Consolidated 2026 silver production is expected to be 15.3-16.1 million ounces, with the low end raised from the prior 15.1-16.1 million ounces.
Historical context for HL
Across the 26 sessions after earlier HL headlines, the stock closed higher 16 times and lower 10 times, with a median move of 4.5% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | HL | SPY |
|---|---|---|---|
| Oct 27, 2026 | Hecla Announces Third Quarter 2026 Earnings Call | +4.6% | +0.6% |
| Aug 21, 2026 | Jefferies initiated coverage on Hecla Mining with a new price target | -0.5% | +0.4% |
| Aug 5, 2026 | Hecla Reports Second Quarter 2026 Results | +7.5% | -0.2% |
| Jul 30, 2026 | Hecla Reports Excellent Q2 2026 Exploration Results at Keno Hill, New Veins Discovered at Midas, and Positive Definition Results at Greens Creek | +5.5% | +1.7% |
| Jul 23, 2026 | Hecla Announces Second Quarter 2026 Earnings Call | -2.4% | -1.2% |
| Jul 8, 2026 | NVRO Metals and Hecla sign an MOU to process 35,000-tonnes at the NVRO Metals Hub in the Northern Territory, Australia | -3.0% | -0.3% |
Keep researching HL
- HL earnings historyPast Hecla Mining Company earnings releases, newest first.
- What is Earnings per share?A company's net income available to common shareholders divided by its weighted average shares outstanding, reported as basic and diluted figures.
- How to read an earnings reportAn earnings report is a company's quarterly results release, usually filed under 8-K Item 2.02. Learn how to read revenue, EPS, margins, guidance and the 10-Q.
- Earnings calendarWho reports this week, and the results as they come out.
- HL financial statementsRevenue, profit, cash flow and balance sheet from Hecla Mining Company's SEC filings.
- HL insider tradesEvery buy and sale reported by Hecla Mining Company officers, directors and large holders.
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Mining & Quarrying of Nonmetallic Minerals (No Fuels)
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