Hecla's inclusion in the S&P MidCap 400 reflects strong performance, operational scale, and consistent execution across its portfolio of silver and gold operations. In 2026, the company plans to invest nearly double the 2025 investment in exploration and pre-development, focused on Nevada, Greens Creek, Keno Hill and Lucky Friday, with the goal of replacing or exceeding annual reserve depletion. Hecla has agreed to sell its Casa Berardi subsidiary to Orezone Gold for up to $593 million, including $160M cash at closing and ~65.7M Orezone shares, to refocus on its core silver portfolio.
Cyborg Score Rationale
Hecla scores 70 (on an AI analyst metric) driven primarily by solid underlying financial performance including growth, improving margins, and low leverage. The company reported record quarterly revenue of $409.5M, net income applicable to common stockholders of $100.6M and record Adjusted EBITDA of $195.7M in Q3 2025. Strong execution in precious metals production with strategic portfolio optimization positions Hecla favorably in a bullish metal price environment.
Top Insights
As of year-end 2025, Hecla maintained 231 million ounces of silver reserves after producing 17 million ounces during 2025.
The company plans record exploration and pre-development investment of $55 million in 2026, nearly double the 2025 investment.
Hecla agreed to sell Casa Berardi to Orezone Gold for up to $593 million, with closing expected in Q1 2026, allowing debt reduction and refocus on core silver operations.
HL shares jumped more than 7% in premarket trading and are set to open at their highest level since September 1980, lifted by silver's record surge above $110 per ounce.
Named Competitors
Avino Silver & Gold Mines — Silver and gold mining with Mexican operations
McEwen Mining — Precious metals producer with US and Canadian assets
Pan American Silver — Large-cap silver and gold producer
Recent Developments
(February 2026) Year-end 2025 reserves reported at 231 million ounces of silver with 17 million ounces produced during the year
(February 2026) Announced doubling of 2026 exploration budget to record $55 million focused on core assets
(January 2026) Agreed to sell Casa Berardi subsidiary to Orezone Gold for up to $593 million to refocus on silver portfolio
(January 2026) Added to S&P MidCap 400 Index effective December 2025, reflecting operational scale and strong execution
Open the full interactive Hecla Mining Company report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.