Every material Form 8-K Hecla Mining filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hecla Mining's Senior Vice President and Chief Administrative Officer, Michael L. Clary, ceased that role effective December 31, 2025, and becomes a consultant on January 1, 2026. He signed a separation agreement providing two annual installments of $417,036.43 each in supplemental severance, in exchange for a release and customary covenants.
Michael L. Clary ceased serving as Senior Vice President and Chief Administrative Officer effective December 31, 2025
Employment ends January 1, 2026, with Clary transitioning to a consultant role
Supplemental severance of two annual installments of $417,036.43 each, tied to a release and non-disparagement and confidentiality covenants
Termination is a Qualifying Termination Outside of the Change in Control Period under a Change in Control and Severance Agreement dated June 5, 2025
Hecla Mining reported record third quarter 2025 sales of $409.5 million, up 35% from the second quarter, and net income applicable to common stockholders of $100.6 million, or $0.15 per share, compared with $57.6 million in the prior quarter. The company repaid its revolving credit facility in full, reduced its net leverage ratio to 0.3x from 0.7x, and reported $90.1 million in free cash flow, while also announcing a common dividend of $0.00375 per share and a Series B preferred dividend of $0.875.
Sales of $409.5 million and net income of $100.6 million, or $0.15 per share, for the quarter ended September 30, 2025, both described by the company as records
Free cash flow of $90.1 million and cash of $133.9 million at quarter end; revolving credit facility fully repaid and net leverage ratio at 0.3x
Common dividend of $0.00375 per share, record date November 24, 2025, payable on or about December 8, 2025; Series B preferred dividend of $0.875, record date December 15, 2025, payable on or about January 2, 2026
2025 Greens Creek silver production guidance tightened to 8.4-8.8 million ounces; Lucky Friday total cost of sales guidance raised to $175 million from $165 million
Hecla Mining reported record second-quarter 2025 sales of $304.0 million, up 16% from the first quarter, and net income applicable to common stockholders of $57.6 million, or $0.09 per share, versus $28.7 million in the prior quarter. The company also said it will redeem up to $212 million of its 7.25% Senior Notes due 2028 on August 19, 2025, subject to a condition, and declared dividends on its common and Series B preferred stock, which the company says will lower its net leverage and interest expense.
Q2 2025 sales were $304.0 million, up from $261.3 million in Q1 2025; free cash flow was $103.8 million and Adjusted EBITDA was $132.5 million.
Net leverage ratio fell to 0.7x from 1.5x in the prior quarter; the CEO said this frees up $17.8 million annually in interest expense.
Up to $212 million of 7.25% Senior Notes due 2028 to be redeemed on August 19, 2025 at 101.813% of principal, subject to liquidating deposits from the June and July 2025 at-the-market offering.
Common dividend of $0.00375 per share: record date August 22, 2025, payable on or about September 4, 2025.
Hecla shareholders approved on May 21, 2025 an amendment to the company's charter raising authorized common stock from 750,000,000 to 1,250,000,000 shares, effective on filing around May 22, 2025. The same meeting elected three directors, and the Board appointed Dean Gehring as a director to fill the seat left by retiring director George R. Johnson. The filing does not state any plan to issue the additional shares.
Proposal 4 passed with 431,797,822 votes for, 31,511,224 against and 2,583,576 abstaining.
Authorized common stock rises from 750,000,000 to 1,250,000,000 shares; total authorized capital stock is 1,255,000,000 including 5,000,000 preferred shares.
Dean Gehring was appointed a Class I director effective May 21, 2025, replacing George R. Johnson, who retired after serving since 2016.
Shareholders also elected Charles B. Stanley, Alice Wong and Jill Satre to the Board and ratified BDO USA, P.C. as auditor for 2025.
Hecla Mining reported record first-quarter 2025 sales of $261.3 million, up 5% from the fourth quarter of 2024, and net income applicable to common stockholders of $28.7 million, or $0.05 per share, compared with $11.8 million in the prior quarter. Free cash flow was negative $18.4 million, and the company revised 2025 cost guidance at two mines in opposite directions, which shareholders may want to track.
Sales of $261.3 million; net income applicable to common stockholders of $28.7 million, or $0.05 per share, versus $11.8 million in the fourth quarter of 2024
Free cash flow was negative $18.4 million, compared with positive $6.7 million in the prior quarter; cash provided by operating activities was $35.7 million
Lucky Friday 2025 cost of sales guidance raised to $165 million from $135 million; Greens Creek 2025 cash cost guidance lowered to $0.25-$0.75 per silver ounce from $2.00-$2.50
Board-declared common dividend of $0.00375 per share, with a record date of May 23, 2025, payable on or about June 10, 2025
Hecla reported record full-year 2024 sales of $929.9 million and net income applicable to common stockholders of $35.3 million, or $0.06 per share, compared with a 2023 loss of $84.8 million. Net income included $50 million of Lucky Friday insurance proceeds, and the company said it reduced net debt, lowering its net leverage ratio to 1.6 times from 2.7 times. The company also declared dividends on its common stock and Series B preferred stock, and said it had streamlined its dividend policy to eliminate the silver-linked component.
Full-year 2024 sales were $929.9 million, up from $720.2 million in 2023; adjusted EBITDA was $337.9 million.
Net income applicable to common stockholders was $35.3 million, or $0.06 per share, versus a loss of $84.8 million in 2023.
Common dividend of $0.00375 per share: record date March 10, 2025, payable on or about March 24, 2025; Series B preferred dividend of $0.875: record date March 14, 2025, payable on or about April 1, 2025.
Hecla projects 2025 silver production to remain comparable to 2024, with Keno Hill power curtailments expected to continue through the first half of 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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