Hecla Mining sees potential for annual silver production above 20 million ounces in medium term
HL•Hecla Mining forecasts 2026 silver production of 15.3 million to 16.1 million ounces, with medium-term potential above 20 million ounces annually. Third-quarter silver production was 4.2 million ounces, and free cash flow from continuing operations reached a record $151 million.
1. Production outlook
Hecla Mining forecasts 2026 silver production of 15.3 million to 16.1 million ounces and says annual production could exceed 20 million ounces in the medium term. Growth depends on Keno Hill ramping up to 440 tons per day following license amendments and infrastructure work, as well as a Midas restart.
2. Keno Hill and third quarter
Keno Hill throughput is expected to fall to about 300 tons daily in the fourth quarter, with further reductions from January 2027 pending upgrades. Third-quarter silver production totaled 4.2 million ounces, supporting record free cash flow from continuing operations of $151 million.
