**Hecla Mining Company Reports Strong Financial Performance in 2025**
Hecla Mining Company, a seasoned precious metals producer, reported a net income of $321.7 million for the fiscal year ending December 31, 2025, a significant increase compared to the $35.8 million net income in 2024. This substantial improvement was primarily driven by record sales exceeding $1.4 billion, fueled by higher realized prices for silver, gold, and zinc, as well as increased sales volumes. The company's financial performance also benefited from improved operational efficiencies at Keno Hill and Casa Berardi, which contributed to higher gross profits.
Compared to the previous fiscal year, Hecla's financial results reflect a notable turnaround, with 2024 net income of $35.8 million and a net loss of $84.2 million in 2023. The company's strategic focus on operational excellence, portfolio optimization, and financial discipline has yielded positive results, as evidenced by the increased profitability and revenue generation across its key mining operations. The company's average realized prices for silver, gold and zinc increased in both 2025 and 2024 compared to 2024 and 2023 respectively.
Operationally, Hecla achieved several milestones in 2025, including record silver production at the Lucky Friday mine, consistent production at Keno Hill, and advancements in exploration and permitting activities at its Nevada properties. The company's total silver production reached 17.0 million ounces, while gold production amounted to 150,509 ounces. The company also made significant capital investments of $252.4 million across its operations, including infrastructure projects at Lucky Friday and development activities at Keno Hill. As of December 31, 2025, the company employed approximately 1,865 individuals, with the majority located in the United States and Canada.
Looking ahead, Hecla Mining Company is strategically positioned to capitalize on its core silver assets and meet the growing demand for green technology markets. The company's pending sale of the Casa Berardi operation to Orezone Gold Corporation for up to $593 million will further strengthen its balance sheet and provide additional resources for growth initiatives. The company anticipates completing the sale in the first quarter of 2026, subject to customary closing conditions and regulatory approvals. The company projects 2026 silver production to be comparable to 2025 levels at Keno Hill, and estimates capital expenditures of approximately $255 to $279 million and exploration and pre-development expenditures of approximately $55 million in 2026.
About HECLA MINING CO/DE/
Hecla Mining Company is a long-established precious and base metals producer focused on discovering, developing, and operating mines in North America. Its core activities include extracting and selling silver, gold, lead, zinc, and copper concentrates, as well as unrefined bullion. The company emphasizes safety, environmental responsibility, operational efficiency, and strategic growth through exploration, acquisitions, and resource expansion across its key assets in Alaska, Idaho, Quebec, and Yukon.
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