Hecla Mining Posts $1.4B Revenue, Cuts Debt to $276M Ahead of Silver Upcycle
Hecla Mining posted record 2025 revenue of $1.4 billion and net income of $321 million, with adjusted EBITDA surging to $670 million. The company produced 17 million ounces of silver at the high end of guidance, reduced total debt to $276 million and boosted cash to $242 million while the stock retraced 14% in the past month.
1. Record 2025 Financial Performance
In 2025, Hecla Mining delivered record results with revenue of $1.4 billion and net income of $321 million. Adjusted EBITDA surged to $670 million as higher metal prices and increased production drove margins.
2. Production and Operating Leverage
The company produced approximately 17 million ounces of silver, reaching the high end of its guidance range. This operating leverage underpins its high-beta exposure to a prolonged silver upcycle.
3. Balance Sheet Strength and Outlook
Hecla reduced total debt to $276 million and increased cash reserves to $242 million, enhancing financial flexibility. Despite a 14% stock pullback over the past month, balance sheet improvements position the company for future growth as metal prices climb.