Hecla Mining (HL) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 6, 2026 astatine 10:38 AM CDT 39 min read

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Date

Wednesday, May 6, 2026 astatine 10 a.m. ET

Call participants

• President and Chief Executive Officer — Robert L. Krcmarov

• Vice President, Technical Services — Matthew Blattman

• Senior Vice President and Chief Operating Officer — Carlos Aguiar

• Senior Vice President and Chief Financial Officer — Russell D. Lawlar

• Senior Vice President, Exploration and Corporate Development — Kurt D. Allen

Full Conference Call Transcript

We person besides published our 2025 sustainability study earlier this week, which is disposable connected our website. Please note, arsenic we sermon fiscal figures and projections passim this presumption and successful the net merchandise we are referring to our continuing operations unless different noted. This reflects the merchantability of the Casa Berardi cognition that closed astatine the extremity of March. I volition present walk the telephone implicit to Robert. Thank you, and bully morning, everyone.

Robert L. Krcmarov: Before I get into the quarter, I privation to instrumentality a infinitesimal to admit wherever we basal arsenic a institution present due to the fact that I deliberation the discourse matters. Eighteen months agone erstwhile I joined Hecla Mining Company, this institution carried astir $550 cardinal of nett debt. Today, we transportation nary semipermanent debt, none. That translation and what it unlocks for shareholders is truly what this telephone is about. So turning to descent three. Hecla Mining Company enters 2026 successful the strongest fiscal and strategical presumption successful the company's caller history.

As North America's premium metallic producer, we person six halfway attributes that truly separate america from our adjacent group: a metallic bequest stretching backmost to 1891; operations exclusively successful the United States and Canada; peer-leading metallic vulnerability successful some gross and reserves; a reserve beingness astir treble that of our adjacent group; a heavy and advancing task pipeline; and a outgo operation that positions america arsenic the lowest outgo shaper successful our adjacent group. These volition assistance to enactment our premium valuation and marque america a premier destination for metallic investors. Turning to descent four. The Casa Berardi merchantability successful March was a deliberate, well-timed decision.

We harvested the currency flows to that point, secured important worth including a 9.9% equity involvement successful Orezone and the deferred currency consideration, and we freed ourselves to bash what we should beryllium doing: directing our superior and management's attraction towards our metallic maturation platform. And past connected April 9, astir 4 weeks ago, we redeemed our last $263 cardinal of elder notes. So Hecla Mining Company is present escaped of semipermanent debt, for the archetypal clip successful galore years. We person a afloat undrawn $225 cardinal revolving recognition installation and a currency equilibrium that is gathering connected beardown operating show successful the metallic market. What excites maine is what comes next.