Hecla Mining Company (HL) Proxy filing summary

Executive summary

• Achieved record financial and operational results in 2025, including $1.4 billion in revenue (up 53% from 2024), $670 million in adjusted EBITDA, and $321 million in net income applicable to common shareholders.

• Reduced total debt by 50% to $276 million and ended the year with $242 million in cash, positioning for future growth.

• Produced 17 million ounces of silver and 151 thousand ounces of gold, with all operations generating positive free cash flow.

• Nearly doubled exploration and pre-development spending to $55 million for 2026, focusing on key assets.

• Added to the S&P MidCap 400 Index, reflecting operational scale and execution.

Voting matters and shareholder proposals

• Four proposals up for vote: (1) election of two Class I directors, (2) ratification of BDO USA, P.C. as independent auditor for 2026, (3) advisory approval of named executive officer compensation for 2025, and (4) amendment to extend the nonemployee director stock plan to 2036.

• Board recommends voting FOR all proposals.

• Shareholder engagement included outreach to major holders and proxy advisors, with positive feedback on compensation and governance.

Board of directors and corporate governance

• Board consists of seven members, six of whom are independent; 43% are women and 14% are racial/ethnic minorities.

• 71% of independent directors have joined since 2021, reducing average tenure to 5.7 years.

• Board committees include Audit, Compensation, Governance and Social Responsibility, Health, Safety, Environmental and Technical (HSET), Executive, and Non-Executive Stock Award.

• Comprehensive onboarding and ongoing education for directors; annual board and committee self-evaluations with enhancements planned for 2026-2027.

• Board refreshment and diversity are ongoing priorities.