Hecla Mining Shares Rally 62% on 17 Moz Silver Output and $593 M Mine Sale
Over the past three months, Hecla Mining shares climbed 62% while 2025 silver production rose 5% to 17.0 million ounces. The company agreed to sell its Casa Berardi mine for up to $593 million and will report Q4 2025 results on Feb. 17 despite a low likelihood of an earnings beat.
1. Share Performance
Hecla Mining shares have surged 62% over the past three months, outperforming the S&P 500’s 2.2% return but trailing the 65.7% industry gain. The stock is trading near $23.94, well above its 52-week low of $4.46 and below its high of $34.17, supported by momentum above both its 50-day and 200-day moving averages.
2. Production Growth
In 2025, total silver output reached 17.0 million ounces, up 5% year-over-year. Greens Creek mine led with 8.7 million ounces (up 3%), Lucky Friday produced 5.3 million ounces on higher grades and throughput, and Keno Hill delivered 3.02 million ounces (up 9%) as reliability and milling rates improved.
3. Asset Sale and Exploration
The company agreed to sell its Casa Berardi operation in Quebec for up to $593 million to focus on core silver assets. Meanwhile, the Polaris Exploration Project received approval for activities in 2026 and early drilling at the Midas Project in Nevada revealed high-grade gold mineralization along the Pogo Trend.
4. Financial Outlook and Earnings Preview
Hecla Mining will release its Q4 2025 results on Feb. 17, with indicators suggesting a low probability of an earnings beat. In Q3, revenue rose 35% sequentially to $409.5 million, generating $148 million in operating cash flow and $90 million in free cash flow, while net leverage fell to 0.3x; silver AISC increased to $11.01 per ounce and trailing P/E stands at 37.98x.