Earnings call analysis

Hecla Mining (HL) Q3 2026 Earnings Call: Guidance and Outlook

The company provided updated annual guidance for 2026, tightening production ranges and improving cost expectations across its operations.

About Hecla Mining. Hecla Mining Company, along with its subsidiaries, engages in the exploration, acquisition, development, and extraction of both precious and base metal resources across the United States and internationally. The company produces concentrates of silver, gold, lead, and zinc, as well as carbon material and doré, both of which contain silver and gold.

Call date

Nov 4, 2026

Sentiment score

+35 Balanced

Management tone, -100 to +100

Sentiment change

vs Q2 2026 call

Sector

Materials, Metals and Mining

Next report

Feb 16, 2027

View calendar

Quarterly guidance

Quarterly guidance: No quarterly guidance was given.

Annual guidance

Greens Creek Silver: 8 million to 8.3 million ounces
Greens Creek Gold: 51,000 to 55,000 ounces
Lucky Friday Silver: 5.2 million ounces
Consolidated Cash Costs: $8.50 to $9 per ounce
Consolidated AISC: $24.50 to $25.50 per ounce

Outlook

Keno Hill Strategy: Throughput will be suppressed to 300 tonnes per day in Q4 to manage permit limits, with further suppression in 2027.
Project Pipeline: The company is prioritizing low-capital-intensity projects including the Greens Creek pyrite circuit and Midas restart.
Capital Returns: Management plans to discuss potential capital returns with the Board in the first half of 2027.
M&A: The company remains disciplined, focusing on silver assets in safe jurisdictions but prioritizing organic growth.
Exploration: The company plans to grow its exploration budget next year following success at Keno Hill and Greens Creek.

Sources and method

Dombey's summary of the Hecla Mining Q3 2026 earnings call held Nov 4, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.

Updated Nov 9, 2026. All earnings call analyses

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