Hecla Mining Company (HL) investor relations material

Strategic positioning and market leadership

• Oldest precious metals miner on the NYSE with 135 years of history and all operations in the U.S. and Canada, focusing on silver with peer-leading exposure and reserves.

• Holds 39% of U.S. silver production in 2025, with a diversified asset portfolio in low-risk jurisdictions and robust project pipeline.

• Average reserve mine life of 13.3 years, nearly double the industry peer average, with high grades and long reserve lives.

Financial performance and outlook

• Q1 2026 revenues reached $250.1M, with 73% from silver; Greens Creek contributed 62%, Lucky Friday 27%, and Keno Hill 11%.

• Adjusted EBITDA for Q1 2026 was $201.7M, up 31% from the prior quarter; free cash flow from continuing operations was $190M.

• Over $900M in projected 2026 free cash flow at $100/oz silver and $5,500/oz gold, with strong mine-level margins.

Operational highlights and project pipeline

• Greens Creek and Lucky Friday are cornerstone mines with low costs and long reserve plans; Greens Creek AISC in the best 15th percentile.

• Keno Hill is the largest silver producer in Canada, with a 13-year reserve plan and significant exploration upside.

• Project pipeline includes Greens Creek pyrite circuit, dry stack tailings reprocessing, and Midas restart, all targeting production growth and operational efficiency.