Business
Hecla Mining Reports Fourth Quarter and Full Year 2025 Results
2025 Cash Flow from Operations $563 million, Free Cash Flow1 $310 million, Numerous records achieved; Balance sheet strengthening continues, Net leverage ratio
About this update from Hecla Mining Company
[{"type":"text","content":"2025 Cash Flow from Operations $563 million, Free Cash Flow1 $310 million, Numerous records achieved; Balance sheet strengthening continues, Net leverage ratio at 0.1x from 1.6x a year ago COEUR D'ALENE, Idaho / Feb 17, 2026 / Business Wire / Hecla Mining Company (NYSE:HL) (\"Hecla\", \"we\", \"our\" or the \"Company\") today announced fourth quarter and full year 2025 financial and operating results. \"Prior quarter\" refers to the third quarter of 2025 and \"prior year\" refers to 2024. 2025 HIGHLIGHTS ______________________________________ Financial Performance: Record revenue: Over $1.4 billion, representing a 53% increase over prior year. Record profitability: Net income applicable to common stockholders of $321 million, or $0.49 per share. Record Adjusted EBITDA: $670 million, nearly doubling the prior year.4 Substantial deleveraging: Total debt of $276 million, net debt of $34 million, decline of 50% in total debt over prior year. Gross Debt to Adjusted EBITDA ratio of 0.4x. Building balance sheet strength: Cash balance of $242 million, providing strategic flexibility. Continued strong cash flow generation: $563 million cash generated from operations, with $310 million in free cash flow1, all operations generated positive free cash flow. Operational Performance: Silver Operations: 17.0 million ounces of silver produced, exceeding 2024 production by over 5% and at the top end of consolidated silver production guidance. Consolidated total cost of sales of $556 million, with silver cash cost of ($1.75) per ounce and AISC of $11.28 per ounce (both after by-product credits).2,3 Gold Operations: Casa Berardi and Greens Creek delivered 2025 consolidated gold production of 151 thousand ounces, exceeding the top end of gold production guidance. Casa Berardi total cost of sales in 2025 of $207 million, with gold cash cost of $1,851 per ounce and AISC of $2,029 per ounce (both after by-product credits).2,3 Individual Mine Performance: Greens Creek: Produced over 8.7 million ounces of silver and over 59 thousand ounces of gold. Total cost of sales in 2025 of $290 million, with silver cash cost of ($8.02) per ounce and AISC of ($2.36) per ounce (both after by-product credits).2,3 Lucky Friday: Record silver production of 5.3 million ounces, exceeding the top end of production guidance of 5.1 million ounces. Total cost of sales of $174...