Hecla Mining Company Stock Rises on Strong Balance Sheet and Rising Silver Prices
Hecla Mining Company's stock has risen by 3.55% following positive sentiment on rising silver price expectations.
The company posted a mixed quarter, with Q2 2026 revenue falling 19% sequentially to $334M and EPS of $0.17 missing the $0.18 consensus. However, cash flow from continuing operations rose 61% year over year to $175M and free cash flow more than doubled to $136M.
Hecla is effectively debt-free with a strong balance sheet, boasting $483M in cash and an undrawn $225M revolver. The company's silver production increased 8% quarter over quarter to 4.2 million ounces, with Lucky Friday delivering record output and site-level free cash flow.