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Hecla Mining Announces Full Year Production and 2026 Guidance
Silver and gold production achieve top end of production guidance, Lucky Friday achieves record production COEUR D'ALENE, Idaho / Jan 26, 2026 / Business Wire /
About this update from Hecla Mining Company
[{"type":"text","content":" Silver and gold production achieve top end of production guidance, Lucky Friday achieves record production COEUR D'ALENE, Idaho / Jan 26, 2026 / Business Wire / Hecla Mining Company (NYSE:HL) (\"Hecla\" or the \"Company\") today announced its preliminary metals production for the fourth quarter and full year of 2025 and provided 2026 Guidance. HIGHLIGHTS Silver production of 17.0 million ounces exceeded 2024 production by over 5% and came in at the top end of consolidated silver production guidance. All silver operations met production guidance, with Lucky Friday producing 5.3 million ounces and exceeding the top end of its guidance range. Consolidated gold production of 150,509 ounces exceeded top end of gold guidance of 150,000 gold ounces. 2026 GUIDANCE Consolidated silver production guidance of 15.1-16.5 million ounces, consolidated gold production guidance of 134-146 thousand ounces. Investment in exploration and pre-development of $55 million in 2026, a record high for the Company, nearly double the investment during 2025. Expected to maintain strong silver margins with guidance for consolidated silver total cost of sales of $471 million, with silver cash costs of ($1.50)-($1.25) per ounce and AISC of $15.00-$16.25 per ounce (both after by-product credits). With robust metal prices to start the year, potential exists to beat this cost guidance if current prices persist as guidance is based off by-product price assumptions below current spot prices.1,2 Total capital investment (sustaining and growth) guided to $255-$279 million in 2026, expected to be up modestly from prior year. “Our 2025 results demonstrate operational excellence, with 17.0 million ounces of silver production and every primary silver operation meeting or exceeding guidance. We're now accelerating investments in our future—nearly doubling our investment in exploration and pre-development to a record $55 million—while maintaining the financial discipline that positions us to generate substantial free cash flow. This is how North America's premier silver producer creates long-term shareholder value,” said Rob Krcmarov, President and CEO. OPERATIONS Greens Creek Greens Creek produced 8.7 million ounces of silver and 59,349 ounces of gold in 2025, an increase of 3% and 7% respectively compared to 2024, while processing 2,388 tpd. The increase in silver produc...