Hecla Mining Company today confirmed that it will release operational and financial results for the fourth quarter and full year 2025 following the February 17, 2026 market close. Management will host a conference call and live webcast on February 18, 2026 at 10:00 a.m. Eastern Time, accessible via Hecla’s investor website or dial-in numbers (U.S./Canada toll-free: 1-800-715-9871; international: 1-646-307-1963; Conference ID: 4812168). Investors should note that preliminary guidance, production metrics and cost metrics (including all-in sustaining costs) for 2026 will be discussed, providing critical insight into the company’s operational trajectory and capital allocation plans for the coming year.

Hecla has entered into a definitive agreement to sell its wholly owned Quebec subsidiary, which operates the Casa Berardi gold mine and associated exploration assets, to Orezone Gold for total consideration of $272 million. The transaction comprises $160 million in upfront cash (funded by Orezone’s treasury and a $100 million stream financing through Franco-Nevada), a 9.9% equity stake in Orezone valued at $112 million, plus contingent payments of $80 million over 30 months tied to mine permitting milestones and gold price performance. The deal is expected to close in the first quarter of 2026 pending customary regulatory approvals. Proceeds will strengthen Hecla’s balance sheet, reduce exposure to gold-focused cash costs, and allow redeployment of capital toward its core silver portfolio in North America.

The divestiture of Casa Berardi aligns with Hecla’s renewed ‘silver-first’ strategy and its focus on improving return on invested capital. By monetizing a non-core gold asset that produced an average of 106,000 ounces per year over the last five years, Hecla anticipates freeing up more than $240 million in liquidity after closing adjustments. Management intends to apply these proceeds to accelerate development at key silver mines, fund expanded exploration programs—up to $55 million in 2026—and further reduce net debt below a targeted 1.0x EBITDA. Analysts view the sale as a catalyst for multiple rerating, given Hecla’s position in the lower half of the silver cost curve and plans to reinvest in higher-margin silver ounces.

At its recent Investor Day, Hecla underscored disciplined capital allocation, delivering a 12% consolidated ROIC in 2025 and reducing net leverage from 1.6x to 0.4x year-over-year. Management reiterated guidance for 2026 silver production of 15.1–16.5 million ounces and all-in sustaining costs of $15–$16.25 per ounce, while gold output is projected at 134,000–146,000 ounces with AISC of $2,150–$2,350 per ounce. The board approved nearly $55 million for exploration next year—almost double the prior level—and signaled potential share repurchase capacity if valuation dislocations arise, reflecting confidence in free cash flow of over $300 million in 2025 and a strengthened liquidity position exceeding $500 million.