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Hecla Mining (HL) guidance and outlook
Hecla Mining (HL) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue $34.0M for Q4 2026; Revenue $140M for FY2026. Hecla Mining's 10-Q filed Nov 4, 2026 makes 52 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 2026 | $34.0M | new |
| Revenue | FY2026 | $140M | lowered |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- Optimizing our portfolio through strategic reviews and targeting highest risk-adjusted return projects
- In the fourth quarter, we expect to load a test parcel from Greens Creek of approximately 5,500 dry metric tonnes of this low-grade feedstock for shipment and sale to a third-party smelter.
- We have not approved final construction or development of any of these projects (other than the test parcel described above), and any decision to proceed would require further technical, economic, and regulatory review and approval by management and, where applicable, our Board of Directors.
- Notwithstanding these recent developments, we believe that the outlook for precious metals fundamentals is favorable due to macro-economic factors such as geopolitical uncertainty and global growth expectations, which have resulted in significant volatility in the financial and commodities markets, including the precious metals market.
- Due to the time elapsed between shipment of concentrates and final settlement with the customers, we must estimate the prices at which sales of our metals will be settled.
- we have historically presented Greens Creek, Lucky Friday and Keno Hill as primary silver producers, based on the original analyses that justified putting the projects into production.
- Accordingly, we believe the identification of gold, lead, zinc, and copper as by-product credits at Greens Creek, Lucky Friday, and Keno Hill is appropriate because of their lower economic value compared to silver and because silver is the primary product we intend to produce at those locations.
- generation at target throughputs, the tailings storage, waste rock disposal, and water treatment capacity available under our current permits will not support that rate until those permits are amended and the related infrastructure is built.
- As discussed further below under “Strategic Focus and Path to 440 Tons Per Day,” we expect to suppress throughput beginning in the fourth quarter of 2026, with a further reduction beginning in January 2027, and we expect to hold throughput at the lower rate until those permits are amended and the related infrastructure is built.
- Beginning in mid‑2024 and continuing into 2025, Keno Hill was impacted by external events that affected permitting, projects, production, and delayed our ability to achieve sustained, profitable production.
- Power conditions improved following the first quarter of 2025 and we do not expect additional curtailments due to the Aishihik turbine, which was successfully repaired in the third quarter of 2025.
- These challenges include: Flame and Moth infrastructure (power availability); workforce availability and retention in a remote location; execution of infrastructure projects; limited camp capacity; and incremental demands on site infrastructure and resources associated with the ramp‑up of our subsidiary’s environmental remediation services activities at the Keno Hill site.
Hecla Mining's latest quarter
Hecla Mining, Q3 2026: revenue $395M (+25% year over year), operating margin 39.8%, net earnings $150M, operating cash flow $203M. The chart follows the revenue to costs, profit and cash.
Questions
Did Hecla Mining raise or lower its guidance?
Hecla Mining (HL) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue $34.0M for Q4 2026; Revenue $140M for FY2026.
What does Hecla Mining expect?
Optimizing our portfolio through strategic reviews and targeting highest risk-adjusted return projects In the fourth quarter, we expect to load a test parcel from Greens Creek of approximately 5,500 dry metric tonnes of this low-grade feedstock for shipment and sale to a third-party smelter. We have not approved final construction or development of any of these projects (other than the test parcel described above), and any decision to proceed would require further technical, economic, and regulatory review and approval by management and, where applicable, our Board of Directors.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.