Hecla Mining Company delivered exceptional Q3 2025 results, achieving record revenues of $410 million, a significant decrease in net leverage to 0.3x, and generating strong free cash flow from all producing assets.
- Record net income of $101 million and adjusted EBITDA of $196 million driven by strong silver and gold prices.
- Significant balance sheet improvement with an 83% reduction in net leverage from 1.8x to 0.3x, alongside elimination of over $15 million in annual interest expenses.
- Positive free cash flow from all four producing mines, totaling $90 million for the quarter, highlighting operational efficiency and robust cash generation.
- Continued investment in strategic growth projects, including completion of surface cooling at Lucky Friday and expansion initiatives at Greens Creek.
- Cost discipline maintained with all-in sustaining costs of $11.01 per silver ounce and silver margins at $31.57 per ounce.
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