Hecla Mining Company Q1 2026 Earnings Conference Call (05/06/2026 00:00:00)

About this update from Hecla Mining Company

FIRST QUARTER 2026 Conference Call 3 North America's Premier Silver Producer Silver Legacy Oldest precious metals mining company on the NYSE with 135 years of history Best Jurisdictions All operations located in the U.S. and Canada Silver Focused Peer leading silver exposure in revenue and reserves Reserve Dominance Average reserve life double of peer group Project Momentum Surfacing value through investment in robust project pipeline Cost Excellence Lowest cost producer among peer group Strategic Transformation: Delivering Shareholder Value Portfolio Optimization Casa Berardi divested March 25, 2026 - solidifying status as Premier North American Silver Producer Upside exposure preserved in 9.9% stake in Orezone and contingent payment structure All mines and projects in US or Canada, the best jurisdictional profile of the peer group Balance Sheet Transformation Cash of $588M with $225M fully undrawn revolving credit facility Subsequent to quarter end, repaid in full the remaining Senior Notes outstanding Strongest balance sheet in the Company's recent history Project Pipeline Investment Greens Creek Pyrite Concentrate Circuit - potential boost to silver and gold, reserve additions and reduced reclamation liability Greens Creek dry-stack tailings reprocessing advancing with Phase 3 testing Midas restart potential hub-and-spoke model leveraging existing infrastructure and permits 2026 total exploration investment nearly doubled versus prior year, increase expected with success 4 First Quarter Highlights Financial Records and Deleveraging Revenue: over $411M from continuing operations, up 13% from prior quarter Net income from continuing operations: $165M, or $0.25 per share. After a non-cash $192 million write-down related to the Casa sale, net loss attributable to common stockholders of $19 million or ($0.03) per share Record Adjusted EBITDA from continuing operations: $265M (1) Operating cash flow from continuing operations: $183M | Record free cash flow from continuing operations: $144M (all mines FCF positive) (2) Cash Balance Strength: $588M | Total debt: $266M Subsequent to quarter end, completed full redemption of remaining $263M 7.25% Senior Notes due 2028 on April 9 Operational Execution 3.9 Moz silver produced, increase of 3% over prior quarter Greens Creek silver production of 2.2 Moz, gold production of 13 Koz gold Lucky Friday silver production...

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