Every material Form 8-K Hecla Mining filed with the SEC in 2026, 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 reported third quarter 2026 sales of $395 million, up 18% from the prior quarter, and income from continuing operations of $150 million, or $0.22 per share, versus $118 million, or $0.18 per share, in the second quarter. The company raised the low end of its 2026 silver production guidance, improved its cost guidance, and lowered its capital investment guidance, while also suppressing Keno Hill milling rates from the fourth quarter to preserve permitted tailings capacity. The filing also added Dale Andres to the Board and declared a $0.00375 per share dividend.
Sales of $394.8 million from continuing operations, up from $333.9 million in the prior quarter, driven mainly by timing of sales at Greens Creek
Record free cash flow from continuing operations of $151 million; cash and cash equivalents of $692 million at September 30, 2026
2026 silver production guidance of 15.3-16.1 million ounces, with the low end raised from 15.1 million; total capital investment guidance lowered to $198-$214 million
Dividend of $0.00375 per share payable on or about December 8, 2026, to holders of record on November 23, 2026
Hecla Mining entered a $500 million senior secured revolving credit agreement on September 16, 2026, with Bank of America as administrative agent, and terminated its existing credit agreement from July 21, 2022 the same day. The new facility matures September 16, 2030, and the filing says it restricts the company's ability to pay dividends and repurchase stock.
$500 million senior secured revolving facility, with an option to add up to $100 million in commitments
Revolving loans mature September 16, 2030, with a possible one-year extension on request to lenders
Secured by pledges of equity interests in subsidiaries tied to Greens Creek operations; no mortgage on the mine
Existing agreement from July 21, 2022 was terminated September 16, 2026; the company may issue up to $500 million of senior unsecured notes under the new terms
Hecla reported second quarter 2026 revenue of $334 million, down 19% from the prior quarter on lower realized silver and gold prices, and income from continuing operations of $118 million, or $0.18 per share, versus $165 million in the first quarter. The company redeemed its remaining $263 million of 7.25% Senior Notes, ended the quarter with $483 million in cash and no debt other than financial leases, cut its 2026 Keno Hill silver production guidance, and declared a $0.00375 per share common dividend.
Revenue $334 million, down 19% from $411 million in Q1 2026; Adjusted EBITDA $199 million, up from $93 million in Q2 2025
Income from continuing operations $118 million, or $0.18 per share, versus $165 million, or $0.25 per share, in Q1 2026
2026 silver production guidance set at 15.1-16.1 million ounces, down from 15.1-16.5 million; Keno Hill cut to 2.2-2.6 million ounces from 2.9-3.2 million
Common dividend of $0.00375 per share: record date August 26, 2026, payable on or about September 10, 2026
At the May 21, 2026 Annual Meeting, shareholders elected Rob Krcmarov and Dean R. Gehring to the Board, ratified BDO USA, P.C. as auditor for 2026, and approved an advisory vote on executive pay. They also approved an amendment extending the Director Stock Plan's expiration from May 15, 2027 to May 15, 2036. The filing describes routine governance outcomes and does not report any change to Hecla's financial results.
Director Stock Plan expiration extended from May 15, 2027 to May 15, 2036 under the First Amendment, filed as Exhibit 10.1.
524,590,027 shares, or 78.23% of 670,565,891 outstanding shares, were present at the meeting; record date was March 25, 2026.
Auditor ratification: 480,303,792 votes for BDO USA, P.C. and 42,376,233 against.
Advisory executive pay vote: 421,646,575 votes for and 19,785,285 against.
Hecla reported first quarter 2026 sales of $411 million from continuing operations, up 100% from the first quarter of 2025, as higher silver and gold prices offset lower production. A $192 million non-cash write-down tied to the Casa Berardi sale turned net income from continuing operations of $165 million into a net loss attributable to common stockholders of $19 million. The company also redeemed its remaining $263 million of 7.25% Senior Notes on April 9, 2026, leaving it with no long-term debt.
Net loss attributable to common stockholders of $19 million, or $0.03 per share, after a $192 million non-cash write-down related to the Casa Berardi sale
Net income from continuing operations of $165 million, or $0.25 per share, compared with $24 million in the first quarter of 2025
Record free cash flow from continuing operations of $144 million; cash and cash equivalents of $588 million at March 31, 2026
Common dividend of $0.00375 per share (record May 22, 2026; payable June 10, 2026); Series B preferred dividend of $0.875 per share (record June 15, 2026; payable July 1, 2026)
Hecla completed the sale of Hecla Quebec Inc., which owns the Casa Berardi mine, to an affiliate of Orezone Gold, receiving $160 million in cash and about 65.8 million Orezone common shares at closing. The company also gave notice to redeem its remaining $263 million 7.25% Senior Notes due 2028 on or about April 9, 2026, funded by the sale proceeds and cash on hand, which management says will improve financial flexibility.
Closing received $160 million in cash and approximately 65.8 million Orezone common shares
Hecla is also entitled to deferred cash and contingent cash payments of up to $321 million, subject to conditions and milestones
Remaining $263 million 7.25% Senior Notes due 2028 to be redeemed at 100% of principal plus accrued interest on or about April 9, 2026
Redemption to be funded with sale proceeds and cash on hand
Hecla Mining's longtime director Stephen F. Ralbovsky retired from the Board effective February 19, 2026, after serving as Audit Committee chair. The Board appointed director Jill Satre as Audit Committee chair the same day, a routine governance change that does not alter the company's reported financial results.
Stephen F. Ralbovsky retired from the Board effective February 19, 2026; he had been a director since 2016.
Ralbovsky did not disclose any disagreement with the company on operations, policies, or practices.
Jill Satre was appointed Audit Committee chair on February 19, 2026; she joined the Board in October 2024.
Satre is Vice President Internal Audit & Corporate Compliance at TC Energy Corporation.
Hecla reported fourth quarter and full year 2025 results, with 2025 sales up 53% to $1.4 billion and net income applicable to common stockholders of $321 million, compared with $35 million in 2024. The company also lowered its 2026 Casa Berardi guidance to reflect the pending sale of that mine to Orezone Gold for up to $593 million, expected to close in the first quarter of 2026.
2025 sales were $1.4 billion, up from $929.9 million in 2024; net income was $321 million, or $0.49 per share.
Fourth quarter 2025 net income was $134.3 million on sales of $448.1 million, versus $1.6 million in the fourth quarter of 2024.
Casa Berardi sale to Orezone Gold for total consideration of up to $593 million, subject to purchase price adjustments, expected to close in Q1 2026.
Common dividend of $0.00375 per share (record March 9, 2026; payable March 24, 2026); Series B preferred dividend of $0.875 per share (record March 16, 2026; payable April 1, 2026).
Hecla Mining agreed to sell its Hecla Quebec subsidiary, which owns the Casa Berardi operation and a portfolio of exploration properties in Quebec, to Orezone Gold for up to $593 million in total consideration. The deal is expected to close in the first quarter of 2026, subject to conditions, and Hecla says the cash proceeds will go toward debt reduction as it focuses on its silver assets.
Cash consideration of $160 million due at closing, plus about 65.7 million Orezone common shares currently valued at about $112 million
Deferred cash of $80 million ($30 million at 18 months, $50 million at 30 months) and contingent consideration of up to $241 million
Expected closing in the first quarter of 2026, subject to conditions being satisfied
Hecla Mining said preliminary 2025 production reached 17.0 million ounces of silver, more than 5% above 2024, and 150,509 ounces of gold, both at or above the top of guidance. The company also set 2026 guidance calling for modestly lower silver and gold output and a record $55 million for exploration and pre-development, and it said full-year 2025 results remain preliminary and subject to audit review. The filing contains no revenue or earnings per share figures.
2025 silver production was 17,026,785 ounces versus 16,169,930 in 2024; gold was 150,509 ounces versus 141,923.
2026 consolidated silver guidance is 15.1-16.5 million ounces and gold guidance is 134.0-146.0 thousand ounces, both described as down modestly or lower.
2026 exploration and pre-development investment is guided to $55 million, a record and nearly double 2025; total 2026 capital investment is $255-$279 million.
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