Filing Flows › Hecla Mining (HL) › Q3 2026
Hecla Mining (HL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Hecla Mining (HL) reported revenue of $395M for the third quarter 2026 (Q3 2026), +25% from a year earlier and +18% from the quarter before. Operating margin was 39.8%, net earnings $150M (37.9% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $395M | +18% | +25% |
| Gross profit | $200M | +11% | +41% |
| Operating profit | $157M | +8% | +42% |
| Net earnings | $150M | +27% | +49% |
| Operating cash flow | $203M | +16% | +37% |
| Free cash flow | $151M | +11% | +46% |
What changed
Revenue was $394.8M in Q3 2026, up 25% year over year and up 18% from the previous quarter. Metal Sales was the largest line at 94% of revenue. Metal Sales added $72.6M year over year (up 24%), 92% of the total change.
Gross margin was 50.7%, up 5.6 points from Q3 2025. Operating profit was $157.2M, a 39.8% margin (up 4.7 points year over year). Of the extra revenue versus Q3 2025, 59% reached operating profit, above the 35% margin then. Operating expenses grew 37% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+56%). Net earnings were $149.6M, up 49% year over year. The effective tax rate was 21.3%.
Operating cash flow was $203.0M (up 37% year over year), 136% of net earnings. Non-cash charges added back $39.2M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $10.7M. Capital expenditures of $51.7M left free cash flow of $151.2M.
Questions
What was Hecla Mining's revenue in the third quarter 2026?
Hecla Mining (HL) reported revenue of $395M for the third quarter 2026 (Q3 2026), +25% from a year earlier and +18% from the quarter before.
Was Hecla Mining profitable in the third quarter 2026?
Operating profit was $157M (39.8% of revenue) and net earnings $150M.
Source: Hecla Mining 10-Q on SEC EDGAR.