Hecla Mining Company filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting third-quarter sales of $394.8 million and nine-month net income of $248.4 million.

Key Highlights

  • Quarterly sales of $394,820 thousand, up from $315,998 thousand in the same period of 2025, according to the filing.
  • Income from continuing operations reached $149,600 thousand for the three months ended September 30, 2026, compared with $89,363 thousand a year earlier.
  • Nine-month net income of $248,448 thousand, versus $187,303 thousand for the nine months ended September 30, 2025.
  • Debt repayment of $263,000 thousand was recorded in the nine months ended September 30, 2026, with no new debt borrowings in the period.
  • Loss from discontinued operations of $183,681 thousand (net of taxes) was recorded for the nine months ended September 30, 2026, including proceeds from the sale of Hecla Quebec, net of transaction costs, of $178,181 thousand.
  • 671,777,326 shares of common stock outstanding as of October 30, 2026, per the filing cover page.
  • Basic and diluted income per common share of $0.22 for the three months ended September 30, 2026, from continuing operations after preferred dividends.

Hecla Mining's Third-Quarter 2026 Financial Results and Capital Movements

Hecla Mining Company (NYSE:HL), a Delaware corporation headquartered in Coeur d'Alene, Idaho, reported quarterly sales of $394,820 thousand for the three months ended September 30, 2026, an increase from $315,998 thousand in the comparable prior-year quarter, according to the filing. Total costs and expenses for the quarter were $237,666 thousand, yielding income from operations of $157,154 thousand, compared with $110,983 thousand in the third quarter of 2025. The company reported an income and mining tax provision of $40,548 thousand for the quarter.

For the nine months ended September 30, 2026, the filing disclosed sales of $1,140,104 thousand and income from continuing operations of $432,129 thousand, against $148,000 thousand in the first nine months of 2025. Nine-month net income was $248,448 thousand; however, that figure reflects a loss from discontinued operations of $183,681 thousand (net of taxes), which the filing attributes in part to the sale of Hecla Quebec, with net proceeds of $178,181 thousand, and a separate sale of Minera Hecla generating proceeds of $5,228 thousand. Cash provided by operating activities of continuing operations for the nine months reached $560,792 thousand, compared with $237,587 thousand in the prior-year period.

On the balance sheet and financing side, the company repaid $263,000 thousand in debt during the nine months ended September 30, 2026, with no new borrowings, and paid $8,088 thousand in dividends to common and preferred stockholders. Capital additions to property, plant, and mine development were $130,121 thousand. Exploration and pre-development expense for the nine months rose to $33,478 thousand from $22,544 thousand a year earlier. Interest expense fell to $8,689 thousand for the nine-month period from $35,604 thousand in the prior-year comparable period. The filing notes that forward-looking statements contained therein are the company's own and subject to its cautionary language.

What Was Disclosed

Hecla Mining's 10-Q for the quarter ended September 30, 2026, disclosed quarterly sales of $394,820 thousand, nine-month income from continuing operations of $432,129 thousand, a $263,000 thousand debt repayment, and a $183,681 thousand loss from discontinued operations linked to asset sales including Hecla Quebec.