HECLA MINING CO/DE/

Listed Company

HL-PBCIK 0000719413NYSELarge AcceleratedMining & Quarrying Of Nonmetallic Minerals (No Fuels)DelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$321.71M

Total Assets

$3.56B

Equity

$2.59B

Shares Out

670.35M

Op. Cash Flow

$562.64M

Business

Hecla Mining Company discovers, acquires, develops and operates mining properties and produces and markets precious and base metals. It produces silver, gold, lead, zinc and copper products in the form of flotation concentrates, gravity concentrates, carbon material and unrefined doré, and sells these products to custom smelters, metal traders, third‑party processors and refiners. The company is organized into four operating segments: Greens Creek, Lucky Friday, Keno Hill and Casa Berardi. Hecla primarily operates in North America (Alaska, Idaho, Yukon Territory, Quebec and other U.S. districts) and distributes products through smelters, traders and refiners.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	1,423	930	720	719	807
Cost of sales and other direct production costs	641	548	459	459	418
Depreciation, depletion and amortization	160	183	149	144	172
Total cost of sales	801	732	607	603	590
Gross profit	622	198	113	116	218
General and administrative	58	45	43	43	35
Exploration and pre-development	28	27	33	46	48
Ramp-up and suspension costs	14	43	76	24	23
Provision for closed operations and environmental matters	8	7	8	9	15
Write-down of property, plant and equipment	0	15	0	—	—
Other operating (income) expense, net	165,000	−46	−1	6	14
Total other operating expenses	107	92	158	129	134
Income (loss) from operations	515	106	−45	−12	83
Fair value adjustments, net	12	−2	3	−5	−36
Foreign exchange (loss) gain, net	−6	8	−4	7	417,000
Other income	−726,000	4	6	8	−574,000
Interest expense	−42	−50	−43	−43	—
Total other expense:	−36	−40	−38	−32	−78
Income (loss) before income and mining taxes	479	66	−83	−45	6
Income and mining tax provision	−157	−30	−1	8	30
Net income (loss)	322	36	−84	−37	35
Preferred stock dividends	−552,000	−552,000	−552,000	−552,000	−552,000
Net income (loss) applicable to common stockholders	321	35	−85	−38	35
Unrealized (loss) gain and amortization of prior service on pension plans	11	−8	−1	17	17
Unrealized (loss) gain on derivative contracts designated as hedge transactions	−4	−8	5	14	−12
Total change in accumulated other comprehensive (loss) income, net	7	−16	3	31	4
Comprehensive income (loss)	329	20	−81	−6	40
Basic income (loss) common share after preferred dividends	0.49	0.06	−0.14	−0.07	0.06
Diluted income (loss) per common share after preferred dividends	0.49	0.06	−0.14	−0.07	0.06
Weighted average number of common shares outstanding - basic	652	621	606	557	536
Weighted average number of common shares outstanding - diluted	656	623	606	557	542

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	242	27	106	105	210
Trade	170	32	19	45	36
Other, net	17	18	14	11	8
Product inventories	38	35	29	37	—
Materials and supplies	77	70	65	53	42
Current investments	60	0	—	—	—
Other current assets	26	33	27	16	19
Total current assets	629	214	260	268	342
Non-current investments	48	34	—	24	11
Restricted cash and cash equivalents	1	1	1	1	1
Properties, plants, equipment and mine development, net	2,841	2,694	2,666	2,570	2,311
Operating lease right-of-use assets	9	8	8	11	12
Other non-current assets	33	30	38	32	6
Total assets	3,561	2,981	3,011	2,927	2,729
Accounts payable and accrued liabilities	102	89	82	85	68
Accrued payroll and related benefits	38	23	28	38	29
Accrued taxes	23	6	4	4	12
Current debt	0	34	0	—	—
Finance leases	7	8	10	9	—
Accrued reclamation and closure costs	14	14	10	9	9
Accrued interest	8	14	14	14	14
Derivative liabilities	37	8	1	16	19
Other current liabilities	2	2	9	3	3
Total current liabilities	232	198	157	178	160
Accrued reclamation and closure costs	188	111	111	108	104
Long-term debt including finance leases	269	509	653	518	516
Deferred tax liability	246	110	105	126	150
Derivatives liabilities	0	2	364,000	6	19
Other non-current liabilities	34	11	16	12	15
Total liabilities	969	942	1,043	948	968
Commitments and contingencies (Notes 5, 6, 9, 10, 14, 15, and 16)	—	—	—	—	—
Preferred stock, 5,000,000 shares authorized: Series B preferred stock, $0.25 par value, 2025 - 153,956 shares issued and outstanding and 2024 - 157,756 shares, liquidation preference - $7,698	39,000	39,000	39,000	39,000	39,000
Common stock, $0.25 par value, authorized 750,000,000 shares; issued 2025 - 679,220,408 shares and 2024 - 640,547,918 shares	170	160	156	152	136
Capital surplus	2,643	2,418	2,344	2,260	2,034
Accumulated deficit	−182	−494	−504	−404	−354
Accumulated other comprehensive (loss) income, net	−3	−10	6	2	28
Less treasury stock, at cost; 2025 - 8,920,348 and 2024 - 8,813,127 shares issued and held in treasury	−36	−35	−34	−32	−28
Total stockholders equity	2,592	2,040	1,968	1,979	1,761
Total liabilities and stockholders equity	3,561	2,981	3,011	2,927	2,729

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion and amortization	166	190	164	145	173
Fair value adjustments, net	−12	2	−3	24	15
Inventory adjustments	13	12	21	3	7
Provision for reclamation and closure costs	12	9	10	10	12
Deferred income taxes	130	20	−6	−26	−48
Stock-based compensation	11	9	7	6	6
Foreign exchange (gain) loss	6	−8	4	−9	−79,000
Write-down of property, plant and equipment	0	15	0	—	—
Other non-cash items	12	2	3	4	3
Accounts receivable	−137	−17	25	9	−5
Inventories	−21	−33	−24	−18	17
Other current and non-current assets	31	−13	−32	−12	−2
Accounts payable, accrued and other current liabilities	−765,000	−3	598,000	−25	−795,000
Accrued payroll and related benefits	22	7	−5	14	1
Accrued taxes	17	3	−571,000	−8	6
Accrued reclamation and closure costs and other non-current liabilities	−7	−13	−3	12	2
Net cash provided by operating activities	563	218	75	90	220
Additions to property, plant and equipment and mine development	−252	−214	−224	−149	−109
Proceeds from disposition of assets	734,000	2	1	748,000	—
Acquisition, net	0	0	228,000	9	0
Proceeds from sale or exchange of investments	28	0	0	9	2
Purchase of silver puts	−25	0	0	—	—
Purchases of investments	−22	−73,000	−9	−32	0
Net cash used in investing activities	−271	−213	−231	−187	−107
Proceeds from issuance of common stock, net of offering costs	216	58	57	17	0
Dividends paid to common and preferred stockholders	−10	−25	−16	−13	−21
Acquisition of treasury shares from employee equity awards	−885,000	−1	−2	−4	−5
Borrowings of debt	153	279	239	25	0
Repayments of debt	−427	−384	−111	−25	0
Repayments of finance leases and other	−9	−11	−11	−8	−7
Net cash (used in) provided by financing activities	−78	−84	156	−8	−33
Effect of exchange rates on cash	544,000	−1	1	−273,000	−530,000
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	215	−79	2	−105	80
Interest	45	46	38	37	−38
Income and mining taxes, net of refunds	9	7	9	14	12
Addition of finance lease obligations and right-of-use assets	630,000	6	16	12	5
Recognition of operating lease liabilities and right-of-use assets	1	0	203,000	7	5
Properties, plants, equipment and mine development additions in accounts payable and accrued liabilities	5	2	0	0	—
Common stock contributed to pension plans	0	0	1	10	22
Common Stock Issued as Incentive Compensation	3	7	0	0	—
Common stock issued to directors	1	796,000	676,000	417,000	—
Common stock issued to interim CEO	0	283,000	0	0	—
Common stock issued for 401(k) match	5	5	5	4	4
Common stock issued for warrant exercises	0	372,000	0	0	—
Common stock issued to stockholders	0	0	19	69	—

Filings

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