Hecla Mining reported third quarter 2026 revenue of $394.8 million from continuing operations, the second-highest in its history. The company achieved record quarterly free cash flow of $151.2 million and operating cash flow of $203.0 million, primarily driven by strong production and the timing of shipments at the Greens Creek mine. While production remained stable quarter-over-quarter, the company significantly strengthened its balance sheet, ending the period with nearly $700 million in cash.
Key Highlights
- Record free cash flow of $151.2 million was anchored by Greens Creek, which set a new site-level record of $146.8 million.
- Consolidated silver production reached 4.2 million ounces, supported by record output at Keno Hill of nearly 1.0 million ounces despite upcoming throughput suppression due to permit limits.
- Management improved 2026 full-year silver production guidance to 15.3–16.1 million ounces and lowered silver AISC guidance to $11.50–$12.50 per ounce.
- The company remains effectively debt-free with $692 million in cash and equivalents and an undrawn $500 million revolving credit facility.