Hecla Mining Reports Significant Q1 Profit Increase Driven by Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy HL?
Source: NASDAQ.COM
- Significant Profit Increase: Hecla Mining reported a net income from continuing operations of $164.65 million in Q1, translating to $0.25 per share, a substantial rise from $24.34 million or $0.04 per share a year earlier, indicating a marked improvement in profitability.
- Revenue Doubling: The company's revenue from continuing operations surged to $411.43 million, doubling from $205.33 million in the same quarter last year, reflecting successful sales expansion amid strong market demand, thereby enhancing its competitive position.
- Adjusted EBITDA Growth: Adjusted EBITDA from continuing operations increased to $265 million from $77 million year-over-year, demonstrating significant achievements in cost control and operational efficiency, further solidifying the company's financial health.
- Impact of Non-Cash Write-Down: Despite a non-cash write-down of $192 million related to the Casa Berardi sale resulting in a net loss attributable to common stockholders of $19 million or $0.03 per share, the overall financial performance still showcases strong growth potential.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy HL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on HL
Wall Street analysts forecast HL stock price to rise
7 Analyst Rating
2 Buy
4 Hold
1 Sell
Hold
Current: 18.070
Low
16.00
Averages
23.93
High
36.50
Current: 18.070
Low
16.00
Averages
23.93
High
36.50
About HL
Hecla Mining Company is a silver producer in the United States and Canada. It discovers, acquires and develops mines and other mineral interests and produces and markets concentrates containing silver, gold, lead, zinc and copper; carbon material containing silver and gold, and unrefined dore containing silver and gold. Its segments include Greens Creek, Lucky Friday, Keno Hill and Casa Berardi. Greens Creek operation is located on Admiralty Island, near Juneau, Alaska. Greens Creek property includes over 440 unpatented lode mining claims, 58 unpatented millsite claims, 21 patented lode claims and one patented millsite. Lucky Friday mine is a deep underground silver, lead, and zinc mine located in the Coeur d’Alene Mining District in northern Idaho. Keno Hill Silver Project is located within the Keno Hill Silver District in Canada’s Yukon Territory, which comprises over 242 square kilometers with numerous mineral deposits. It owns a number of exploration and pre-development projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Stocks Close Higher, Nasdaq Hits Record High
- Strong Market Performance: The S&P 500 rose by 0.84% and the Nasdaq 100 increased by 2.35%, reaching record highs, reflecting market optimism driven by robust corporate earnings despite concerns over the Iran conflict.
- Support from Employment Data: U.S. nonfarm payrolls for April increased by 115,000, surpassing expectations of 65,000, with March figures revised up to 185,000, indicating resilience in the labor market and further boosting stock prices.
- Decline in Consumer Confidence: The University of Michigan's May consumer sentiment index fell to a record low of 48.2, below the expected 49.5, highlighting economic uncertainty that could impact future consumer spending.
- Oil Market Volatility: Iran's seizure of an oil tanker in the Strait of Hormuz led to a rise in WTI crude prices, with expectations that this incident will affect global oil supply, potentially causing further price fluctuations.
See More
US Stocks Rise, Nasdaq Hits Record High
- Strong Employment Data: US nonfarm payrolls rose by 115,000 in April, exceeding expectations of 65,000, while March figures were revised up to 185,000, indicating labor market resilience that supports stock market gains.
- Declining Consumer Confidence: Despite rising stock prices, the University of Michigan's May consumer sentiment index fell by 1.6 to a record low of 48.2, reflecting consumer concerns about the economic outlook, which could negatively impact future spending.
- Chip Stocks Lead Gains: Chipmakers like Micron and Qualcomm saw stock prices rise over 8%, driving the overall market higher, demonstrating the strong performance of tech stocks in the current market environment, although weakness in software stocks limited gains in the Dow.
- Oil Price Volatility Impact: WTI crude prices edged up slightly due to Iran seizing an oil tanker in the Strait of Hormuz, complicating market expectations for future oil prices, which may influence investment decisions in related sectors.
See More
GDXJ ETF Trading Dynamics Analysis
- Price Range Analysis: The GDXJ ETF has a 52-week low of $57.40 and a high of $157.49, with the latest trade at $125.18, indicating volatility and shifts in investor sentiment within the current market.
- Technical Analysis Tool: Comparing the recent share price to the 200-day moving average provides deeper insights into market trends, aiding investors in making informed decisions, although specific moving average values are not provided in the article.
- Unit Trading Mechanism: ETF units can be traded like stocks, meaning investors are buying and selling 'units' that can be created or destroyed based on demand, enhancing liquidity and market adaptability of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in ETF units focuses on significant inflows (new units created) or outflows (old units destroyed), as these liquidity shifts can impact the individual components held within the ETF, although specific inflow and outflow data is not detailed in the article.
See More
Silver Prices Track Best Weekly Performance Since February
- Silver Price Surge: Spot silver (XAG/USD) has surged past $80 per ounce for the first time since April 21, marking a 4% increase from last week, indicating strong bullish momentum that could trigger a new rally in the precious metals market.
- Gold Breakthrough Imminent: Spot gold (XAU/USD) has risen 5% over the past three sessions, currently priced at nearly $4,734 per ounce, with analysts suggesting that gold is on the brink of the most significant breakout since the bull run began in October 2023, potentially boosting market sentiment.
- Oil Prices Impacting Markets: Brent crude has dropped 2.5% below $100 per barrel, with market analysts noting that falling oil prices typically push up bond prices and lower yields, thereby supporting assets like gold and silver.
- Bearish ETF Sentiment: Despite the iShares Silver Trust (SLV) rising nearly 4%, retail sentiment remains bearish, with SPDR Gold Shares (GLD) only edging up 0.8%, reflecting cautious investor attitudes towards precious metals.
See More
Hecla Mining Company Q1 2026 Earnings Call Highlights
- Debt-Free Status: Hecla Mining successfully redeemed $263 million of senior notes in Q1 2026, achieving a debt-free balance sheet that enhances the company's flexibility in future capital allocation and growth strategies.
- Record Financial Performance: The company reported over $410 million in revenue from continuing operations, with adjusted EBITDA reaching $265 million and record free cash flow of $144 million, reflecting strong profitability and cash generation that boosts investor confidence.
- Silver Production Outlook: Management anticipates silver production between 15.1 million and 16.5 million ounces in 2026, with potential to exceed 20 million ounces annually, driven by the gradual ramp-up at Keno Hill and the potential restart of the Midas mine.
- Capital Return Plan: The company has a board-approved share repurchase plan for 20 million shares, with management indicating that capital return timing will be evaluated based on internal funding priorities and return criteria, demonstrating a commitment to shareholder value.
See More
US Stocks Surge as Tech Stocks Lead Gains
- Tech Stocks Rally: The Nasdaq 100 surged 2.08% to reach an all-time high on Wednesday, driven by stellar earnings from chipmakers and AI infrastructure firms, particularly Advanced Micro Devices, which rose over 17% as it raised its full-year sales forecast, reflecting strong investor optimism about ongoing AI investments.
- Crude Oil Plunge: WTI crude oil prices fell more than 7% to a two-week low as market expectations for a US-Iran peace agreement increased, easing inflation fears and contributing to stock market gains, with the 10-year Treasury yield dropping to a one-week low of 4.33%.
- Employment Data Impact: The April ADP employment report indicated that US companies added 109,000 jobs, below the expected 120,000, yet the market remains optimistic about the Fed's monetary policy, believing it will help maintain a low interest rate environment.
- International Market Surge: Overseas stock markets closed sharply higher, with the Euro Stoxx 50 rising 2.68% and China's Shanghai Composite gaining 1.17%, indicating a positive global market response to the US economic recovery, further boosting investor confidence.
See More
U.S. Stocks Close Higher, Nasdaq Hits Record High
- Strong Market Performance: The S&P 500 rose by 0.84% and the Nasdaq 100 increased by 2.35%, reaching record highs, reflecting market optimism driven by robust corporate earnings despite concerns over the Iran conflict.
- Support from Employment Data: U.S. nonfarm payrolls for April increased by 115,000, surpassing expectations of 65,000, with March figures revised up to 185,000, indicating resilience in the labor market and further boosting stock prices.
- Decline in Consumer Confidence: The University of Michigan's May consumer sentiment index fell to a record low of 48.2, below the expected 49.5, highlighting economic uncertainty that could impact future consumer spending.
- Oil Market Volatility: Iran's seizure of an oil tanker in the Strait of Hormuz led to a rise in WTI crude prices, with expectations that this incident will affect global oil supply, potentially causing further price fluctuations.
See More
US Stocks Rise, Nasdaq Hits Record High
- Strong Employment Data: US nonfarm payrolls rose by 115,000 in April, exceeding expectations of 65,000, while March figures were revised up to 185,000, indicating labor market resilience that supports stock market gains.
- Declining Consumer Confidence: Despite rising stock prices, the University of Michigan's May consumer sentiment index fell by 1.6 to a record low of 48.2, reflecting consumer concerns about the economic outlook, which could negatively impact future spending.
- Chip Stocks Lead Gains: Chipmakers like Micron and Qualcomm saw stock prices rise over 8%, driving the overall market higher, demonstrating the strong performance of tech stocks in the current market environment, although weakness in software stocks limited gains in the Dow.
- Oil Price Volatility Impact: WTI crude prices edged up slightly due to Iran seizing an oil tanker in the Strait of Hormuz, complicating market expectations for future oil prices, which may influence investment decisions in related sectors.
See More
GDXJ ETF Trading Dynamics Analysis
- Price Range Analysis: The GDXJ ETF has a 52-week low of $57.40 and a high of $157.49, with the latest trade at $125.18, indicating volatility and shifts in investor sentiment within the current market.
- Technical Analysis Tool: Comparing the recent share price to the 200-day moving average provides deeper insights into market trends, aiding investors in making informed decisions, although specific moving average values are not provided in the article.
- Unit Trading Mechanism: ETF units can be traded like stocks, meaning investors are buying and selling 'units' that can be created or destroyed based on demand, enhancing liquidity and market adaptability of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in ETF units focuses on significant inflows (new units created) or outflows (old units destroyed), as these liquidity shifts can impact the individual components held within the ETF, although specific inflow and outflow data is not detailed in the article.
See More
Silver Prices Track Best Weekly Performance Since February
- Silver Price Surge: Spot silver (XAG/USD) has surged past $80 per ounce for the first time since April 21, marking a 4% increase from last week, indicating strong bullish momentum that could trigger a new rally in the precious metals market.
- Gold Breakthrough Imminent: Spot gold (XAU/USD) has risen 5% over the past three sessions, currently priced at nearly $4,734 per ounce, with analysts suggesting that gold is on the brink of the most significant breakout since the bull run began in October 2023, potentially boosting market sentiment.
- Oil Prices Impacting Markets: Brent crude has dropped 2.5% below $100 per barrel, with market analysts noting that falling oil prices typically push up bond prices and lower yields, thereby supporting assets like gold and silver.
- Bearish ETF Sentiment: Despite the iShares Silver Trust (SLV) rising nearly 4%, retail sentiment remains bearish, with SPDR Gold Shares (GLD) only edging up 0.8%, reflecting cautious investor attitudes towards precious metals.
See More
Hecla Mining Company Q1 2026 Earnings Call Highlights
- Debt-Free Status: Hecla Mining successfully redeemed $263 million of senior notes in Q1 2026, achieving a debt-free balance sheet that enhances the company's flexibility in future capital allocation and growth strategies.
- Record Financial Performance: The company reported over $410 million in revenue from continuing operations, with adjusted EBITDA reaching $265 million and record free cash flow of $144 million, reflecting strong profitability and cash generation that boosts investor confidence.
- Silver Production Outlook: Management anticipates silver production between 15.1 million and 16.5 million ounces in 2026, with potential to exceed 20 million ounces annually, driven by the gradual ramp-up at Keno Hill and the potential restart of the Midas mine.
- Capital Return Plan: The company has a board-approved share repurchase plan for 20 million shares, with management indicating that capital return timing will be evaluated based on internal funding priorities and return criteria, demonstrating a commitment to shareholder value.
See More
US Stocks Surge as Tech Stocks Lead Gains
- Tech Stocks Rally: The Nasdaq 100 surged 2.08% to reach an all-time high on Wednesday, driven by stellar earnings from chipmakers and AI infrastructure firms, particularly Advanced Micro Devices, which rose over 17% as it raised its full-year sales forecast, reflecting strong investor optimism about ongoing AI investments.
- Crude Oil Plunge: WTI crude oil prices fell more than 7% to a two-week low as market expectations for a US-Iran peace agreement increased, easing inflation fears and contributing to stock market gains, with the 10-year Treasury yield dropping to a one-week low of 4.33%.
- Employment Data Impact: The April ADP employment report indicated that US companies added 109,000 jobs, below the expected 120,000, yet the market remains optimistic about the Fed's monetary policy, believing it will help maintain a low interest rate environment.
- International Market Surge: Overseas stock markets closed sharply higher, with the Euro Stoxx 50 rising 2.68% and China's Shanghai Composite gaining 1.17%, indicating a positive global market response to the US economic recovery, further boosting investor confidence.
See More
