Hecla Mining

Hecla produces silver, gold, lead, and zinc used in electronics, construction, and jewelry.

Its metals help make solar panels and medical devices.

The company supplies materials to manufacturers, traders, and refiners worldwide.

What’s in the Hecla Toolbox?

• Greens Creek (46.4% of 2024 revenue): Used in electronics, solar panels, and medical equipment; sold to smelters and traders.
• Gold from Casa Berardi (23.1% of 2024 revenue): Used in jewelry, electronics, and finance; sold as doré (unrefined bars) and concentrates.
• Lucky Friday (22.3% of 2024 revenue): Primarily produces silver, lead, and zinc; used in batteries, construction, and protective coatings; sold as concentrates.
• Carbon Material: Contains silver and gold; processed by third parties for further refining.
• Copper (minor by-product): Used in wiring and electronics; produced mainly at the Greens Creek mine.

Hecla’s Growth Spurt: Mining Milestones

• Acquired 100% of the Keno Hill mine in Yukon, Canada in 2022, expanding silver output.
• Restarted Lucky Friday mine in Idaho after a fire, returning to full production in Q1 2024.
• Expanded Casa Berardi mine in Quebec, shifting to open-pit mining in 2024.
• Invested $214.5 million in capital projects across all major mines in 2024.
• Entered the Mexican market with the San Sebastian project, currently in exploration stage.

Hecla’s Secret Sauce: What Sets It Apart

Hecla primarily operates in the U.S. and Canada, with additional properties in Mexico, reducing some political risk for its mines. The company uses specialized mining methods to manage deep underground operations safely. Its diversified portfolio and focus on operational efficiency help it weather metal price swings.

Five Things You Need to Know

• Revenue was $410 million in Q3 2025, up 67.1% from Q3 2024.
• Net income reached $149 million in Q3 2025, up 561.4% year-on-year.
• Operating cash flow was $148 million in Q3 2025, up 169.1% from Q3 2024.
• Greens Creek mine contributed 46.4% of 2024 sales, making it the largest segment.

Bottom Line

Hecla has grown by expanding its mine portfolio and improving operational efficiency. Its focus on North American assets and multiple metals supports stability and adaptability.