Hecla Mining reported second quarter 2026 revenue of $334 million and earnings per share from continuing operations of $0.18, both missing analyst expectations. The company attributed the miss to lower realized metal prices and the timing of shipments. Despite this, Hecla generated strong free cash flow of $136 million, more than double the prior year period, and ended the quarter debt-free with its strongest balance sheet in its history.
Key Highlights
- Free cash flow from continuing operations more than doubled year-over-year to $136 million, driven by strong performance at its producing assets.
- The Lucky Friday mine delivered record quarterly silver production of 1.5 million ounces, benefiting from a 31% increase in milled grade compared to the prior quarter.
- Full-year 2026 silver production guidance was revised to 15.1-16.1 million ounces, down from a prior range of 15.1-16.5 million ounces, reflecting a reduced outlook for the Keno Hill mine.