Filing Flows › Hecla Mining (HL) › Q2 2026
Hecla Mining (HL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Hecla Mining (HL) reported revenue of $334M for the second quarter 2026 (Q2 2026), +52% from a year earlier and -19% from the quarter before. Operating margin was 43.6%, net earnings $118M (35.3% of revenue).
Hecla Mining, Q2 2026: revenue $334M (+52% year over year), operating margin 43.6%, net earnings $118M, operating cash flow $175M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $334M | -19% | +52% |
| Gross profit | $180M | -29% | +111% |
| Operating profit | $146M | -35% | +151% |
| Net earnings | $118M | — | +104% |
| Operating cash flow | $175M | -10% | +8% |
| Free cash flow | $136M | -12% | +14% |
What changed
Revenue was $333.9M in Q2 2026, up 52% year over year and down 19% from the previous quarter. Metal Sales was the largest line at 97% of revenue. Metal Sales added $110.6M year over year (up 52%), 96% of the total change. Copper declined 99%.
Gross margin was 53.9%, up 14.9 points from Q2 2025. Operating profit was $145.7M, a 43.6% margin (up 17.2 points year over year). Of the extra revenue versus Q2 2025, 76% reached operating profit, above the 26% margin then. Operating expenses grew 25% against revenue growth of 52%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $117.9M, up 104% year over year. The effective tax rate was 13.7%.
Operating cash flow was $174.9M (up 8% year over year), 148% of net earnings. Non-cash charges added back $36.9M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $16.8M. Capital expenditures of $39.1M left free cash flow of $135.8M.
Questions
What was Hecla Mining's revenue in the second quarter 2026?
Hecla Mining (HL) reported revenue of $334M for the second quarter 2026 (Q2 2026), +52% from a year earlier and -19% from the quarter before.
Was Hecla Mining profitable in the second quarter 2026?
Operating profit was $146M (43.6% of revenue) and net earnings $118M.
Source: Hecla Mining 10-Q on SEC EDGAR.