Hecla Mining Company (HL) Mining Forum Americas 2026 summary

Strategic positioning and legacy

• 135-year history demonstrates resilience and accountability to generations of stakeholders.

• Operations and projects are exclusively in Canada and the US, minimizing geopolitical risks.

• Peer-leading silver exposure in both revenue and reserves, with a focus on organic growth.

• Reserve mine life averages 13.3 years, 72% longer than peers, supporting long-term planning.

• Cost excellence achieved as lowest cost producer in 2025, protecting margins.

Operational highlights and growth pipeline

• Three operating mines: Greens Creek (Alaska), Lucky Friday (Idaho), and Keno Hill (Yukon), plus a broad exploration portfolio.

• Largest silver producer in the US and Canada, with a stable, long-lived reserve base.

• Silver comprised 68% of Q2 2026 revenue, highest among peers; minimal exposure to oil price volatility.

• 2026 silver production guidance is 15.1–16.1 million ounces, with medium-term upside from Greens Creek and Keno Hill projects.

• Long-term growth potential includes Keno Hill expansion, Midas restart, and Aurora and Hollister projects.

Project and operational updates

• Greens Creek pyrite concentrate circuit targets 1–1.2 million oz silver and 10,000–15,000 oz gold annually, with first production in late 2027 or early 2028.

• Tailings reprocessing at Greens Creek holds 51 million oz silver and 600,000 oz gold; phase three metallurgical test work completed in August.

• Midas (Nevada) has a fully permitted mill and tailings dam, with ongoing exploration and evaluation for restart.

• All three key projects are low capital intensity, supporting disciplined capital allocation.