Hecla Mining Company (HL) Investor presentation summary

Strategic positioning and financial strength

• Largest silver producer in the U.S. and Canada, with all operations in low-risk jurisdictions and a 135-year legacy.

• Maintains a peer-leading silver exposure, with 73% of Q1 2026 revenue from silver and an average reserve mine life of over 13 years, nearly double the industry average.

• Strong balance sheet with $587.6M cash, full redemption of $263M senior notes, and a disciplined capital allocation strategy focused on safety, growth, and shareholder returns.

Operational performance and cost leadership

• Q1 2026 revenues reached $250.1M, with Greens Creek contributing 62%, Lucky Friday 27%, and Keno Hill 11%.

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

• Maintains lowest cost position among peers, with 2025 AISC at $11.28–$13.88/oz, and consolidated 2026 AISC guidance of $15.00–$16.25/oz.

Asset portfolio and growth pipeline

• Greens Creek, Lucky Friday, and Keno Hill are cornerstone mines with long reserve lives and robust production outlooks; Greens Creek and Lucky Friday together expected to produce 12.2–13.3 Moz silver in 2026.

• Project pipeline includes Greens Creek pyrite circuit and tailings reprocessing, Midas restart, and Keno Hill ramp-up, supporting medium-term production potential of 20+ Moz silver.

• Nevada operations offer significant exploration and production optionality, leveraging existing infrastructure and permitting advantages.