HL 8-K SEC Filing Analysis

Latest settled — T+20d

HL-PB ▲ +0.23% at T+20d

NEUTRAL call ✓ call won +0.23% · α vs SPY -2.55% · entry $65.07 → $65.22

Next anchor: T+60d in 7w

Currently $15.29 · -76.50% from $65.07 entry

Entry anchored
May 5, 2026
via day open

T+1d

+4.63%

call +4.63% · α +4.96%

$68.08

settled 5w ago

T+5d

+10.65%

call +10.65% · α +9.52%

$72.00

settled 5w ago

T+20d

+0.23%

call +0.23% · α -2.55%

$65.22

settled 10d ago

T+60d

—

call — · α —

—

in 7w

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Executive Summary

Hecla Mining reported Q1 2026 continuing operations revenue of $411M, missing consensus of $432.4M by 4.85%, but delivered record free cash flow of $144M, strengthened its balance sheet to debt-free status, and reiterated full-year guidance. The revenue miss is tempered by strong operational cash flow, higher realized silver prices, and the completion of the Casa Berardi sale.

Key Financial Metrics

Free Cash Flow

$143.7M

Gross Margin

61.5%

Actionable Insight

The revenue miss vs consensus may pressure the stock in the near term, but the record free cash flow, debt-free balance sheet, and reiterated guidance suggest underlying strength. Monitor next quarter's revenue trajectory and silver price realization for confirmation.

Key Facts

Revenue from continuing operations $411.4M missed consensus of $432.4M (4.85% miss)
Record quarterly free cash flow from continuing operations of $143.7M vs. $99.8M prior quarter
Net income from continuing operations $164.7M ($0.25 per share) vs. $24.3M ($0.04) in Q1 2025
Total debt reduced to $0 after redeeming $263M senior notes in April 2026; cash balance $588M
Production and cost guidance for 2026 reiterated

Financial Impact

Revenue miss of ~$21M vs consensus; offset by $144M record FCF and debt elimination

revenuecash flowbalance sheetdebt

Risk Factors

Revenue miss indicates potential demand or pricing headwinds if silver prices decline
Keno Hill production delays due to grade and power constraints
Capex ramp-up in Q2-Q3 could pressure near-term free cash flow

Market Snapshot

Exchange

NYSE

Sector

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-206729
Document: hl-20260505.htm	0001193125-26-206729
Document: 0001193125-26-206729-index-headers.html	0001193125-26-206729
Document: 0001193125-26-206729-index.html	0001193125-26-206729
Document: 0001193125-26-206729.txt	0001193125-26-206729
8-K Data (Synthetic)	0001193125-26-206729

3 reports for HL

T+1T+5T+20T+60

Filters

Reports for HL — sortable, filterable
	Type				Now
May 22, 2026 21d ago	8-K NEUTRAL ★ 2/10	$67.30 $66.11	▼ −1.77%	▼ −3.44%	$15.29 (−77.28%)
May 5, 2026 5w ago	8-K MIXED ★ 5/10	$65.07 $72.00	▲ +10.65%	▲ +9.52%	$15.29 (−76.50%)
Apr 10, 2026 9w ago	DEFA14A NEUTRAL ★ 3/10	$72.11 $70.50	▼ −2.23%	▼ −5.53%	$15.29 (−78.80%)

US Market Status

Market Closed — Opens Mon (45h 32m)

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