Hecla Mining's Q3 revenue rises 18%, beats estimates

Overview

• US silver miner's Q3 revenue rose 18% quarter-over-quarter

• Net income from continuing operations rose to $150 mln from $118 mln in Q2

• Free cash flow nearly tripled year-over-year to a record $151 mln

Outlook

• Hecla sees 2026 consolidated silver production at 15.3-16.1 mln oz, raising low end from prior outlook

• Company improves 2026 total silver cash cost guidance to ($4.75)-($4.25)/oz and AISC to $11.50-$12.50/oz

• Hecla lowers 2026 total capital investment guidance to $198-$214 mln from $208-$223 mln

Result Drivers

• SALES TIMING - Higher revenue and silver sales volumes were mainly driven by the timing of shipments at Greens Creek

• KENO HILL OUTPUT - Record tons milled and higher silver grades at Keno Hill boosted production

• MARKETABLE SECURITIES GAINS - Income from continuing operations benefited from realized and unrealized gains on marketable securities

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and no "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 $21.00, about 59% above its November 3 closing price of $13.21

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads

• Nov 2 - Canada's Ero Copper Q3 revenue slightly beats on higher metal prices

• Nov 3 - SSR Mining Q3 revenue and adjusted net income rise year over year

• Nov 3 - Ramaco Resources Q3 adjusted EBITDA misses estimates on higher costs; lowers FY production guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)