CORRECTED-Hecla Mining Q4 revenue surges on higher metal prices

Overview

• Silver producer's Q4 revenue grew about 83% yr/yr, driven by higher metal prices

• Net income for Q4 was $134 mln, a significant increase over prior year

• Company announced pending sale of Casa Berardi mine, expected to close in Q1 2026

Outlook

• Hecla Mining expects 2026 silver production of 15.1-16.5 mln ounces

• Company forecasts 2026 gold production of 65-72 thousand ounces

• Hecla plans 2026 capital investment of $216-$238 mln

Result Drivers

• SILVER PRODUCTION - Silver production increased by over 5% to 17 million ounces, driven by strong output from all three silver mines

• HIGHER METAL PRICES - Revenue growth was primarily due to higher realized precious metals and zinc prices, contributing to an about 83% increase in revenue

• COST MANAGEMENT - Lower cash costs and AISC for silver, driven by higher production and increased by-product credits, improved operational efficiency

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy."

• Wall Street's median 12-month price target for Hecla Mining Co is $27.25, about 20.6% above its February 13 closing price of $22.60

• The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBw2WMtCQa

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