Hecla Mining Company (HL) Investor presentation summary

Portfolio positioning

• Operations are 100% in the U.S. and Canada; 2025 U.S. silver production share was 39%.

• Reserve-equivalent life was 13.3 years, nearly 72% longer than the 7.7-year industry peer average.

• Silver represented ~68% of Q2 2026 revenue and 69% of Q3 continuing-operations revenue.

Operating performance and 2026 outlook

• Q3 continuing-operations revenue was $372M; Greens Creek contributed $222M, Lucky Friday $100M and Keno Hill $50M.

• Q3 silver production: Greens Creek 1.9 Moz, Lucky Friday 1.3 Moz and Keno Hill 1.0 Moz.

• 2026 silver production guidance is 15.3–16.1 Moz, including 8.0–8.3 Moz at Greens Creek, 5.0–5.2 Moz at Lucky Friday and 2.3–2.6 Moz at Keno Hill.

• Keno Hill throughput is expected to fall to ~300 tpd in Q4 2026, with further suppression from January 2027 to preserve site capacity pending license amendments and infrastructure.

Financial position and capital allocation

• Q3 free cash flow from continuing operations was $151M; long-term debt was fully repaid, excluding finance leases, with a fully undrawn $500M revolver and $100M accordion option.

• Cash position was $691.6M as of September 30, 2026; the remaining $263M of 7.25% Senior Notes due 2028 was redeemed on April 9, 2026.

• Q3 realized silver price margin was 77% of realized silver price, with a $63.62/oz realized price and $14.34/oz AISC.

• Capital allocation priorities include maintaining gross leverage below 1x, sustaining and growing production, exploration, strategic investment and shareholder returns.