Hecla Mining Co Surges on Silver Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
0mins
Should l Buy HL?
Source: NASDAQ.COM
Hecla Mining Co saw a price increase of 5.54%, crossing above its 5-day SMA amid positive market conditions.
The surge is attributed to increased demand for silver, particularly after its designation as a critical mineral, which has heightened investor interest in the mining sector.
This trend suggests potential for further growth as Hecla Mining continues to expand its resource base, positioning itself favorably in the evolving market landscape.
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Analyst Views on HL
Wall Street analysts forecast HL stock price to rise
7 Analyst Rating
2 Buy
4 Hold
1 Sell
Hold
Current: 17.840
Low
16.00
Averages
23.93
High
36.50
Current: 17.840
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.
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- Surging Silver Prices: Silver prices surpassed $100 for the first time in 2026, reaching a historic high of $121.67 in January, driving demand for high-grade mining areas and likely accelerating mining investments.
- Significant Resource Potential: The acquired leases host a historical NI 43-101 indicated tailings resource of approximately 1.94 million tonnes grading 47.5 g/t Ag, expected to yield about 2.96 million ounces of silver, indicating substantial economic value.
- Infrastructure Advantage: Nord already possesses a permitted high-grade milling facility and a 600-ton-per-day gravity plant, enabling rapid tailings recovery, which is anticipated to expedite project advancement and enhance profitability.
See More
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- Historic Acquisition: Nord Precious Metals has consolidated nearly 4 kilometers of historic property boundaries in the Gowganda Silver Camp by acquiring four mining leases, encompassing three past-producing mines that collectively yielded over 42 million ounces of silver, significantly enhancing the company's resource base and future extraction potential.
- Surging Silver Prices: Silver prices soared above $100 per ounce for the first time in 2026, reaching a historic high of $121.67 on January 29, which has driven demand for high-grade mining areas, making Nord's acquisition strategically significant in strengthening its market competitiveness.
- Modern Exploration Techniques: Utilizing a 3D geological model developed from 75,000 meters of historical drilling data, Nord has identified 29 discrete vein structures and plans to conduct new exploration across the consolidated land package, aiming to uncover additional mineralization opportunities.
- Infrastructure Advantage: With the only permitted high-grade milling facility and a 600-ton-per-day gravity plant in place, Nord is poised to accelerate the development and production of its silver assets, thereby enhancing its position within the silver mining sector.
See More
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- Diverse Funding Sources: The company funded the redemption of the notes and payment of accrued interest using cash proceeds from the recently completed Casa Berardi sale along with cash on hand, which not only alleviates debt burden but also provides ample funding support for future investments.
- Foundation for Strategic Growth: CEO Rob Krcmarov stated that retiring debt obligations has provided the company with a solid foundation to pursue growth at a time when silver's role in the global economy is increasingly significant, ensuring a genuine enhancement of financial strength.
- Market Leadership Consolidation: As the largest silver producer in the U.S. and Canada, Hecla Mining further solidifies its market leadership position in North America through this debt redemption, laying a strong foundation for future silver mining development and investments.
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