HECLA MINING CO/DE/
HL, HL-PB · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · 670.7M shares · +5%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$5M (gross $2M, SBC $7M)
Reference price $22.00 · est. market cap ~$14.8B — last insider sale, 2026-01-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80North America's largest silver producer delivered a record, deleveraged year with top-decile earnings growth and strong returns.
Strengths
- Record sales (>$1.4B) and net income ($321M); ROA 9% (94th pct), ROE 12.4% (75th pct) and FCF $310M (80th pct)
- Debt fully repaid on revolver/IQ notes, $349M cash; Keno Hill turned profitable and Casa Berardi sale strengthens focus
Risks
- Returns are leveraged to elevated silver/gold prices—commodity cyclicality limits durability
- Mining/permitting/operational hazards and negative interest-coverage artifact from note redemption
Notable findings
- Debt accelerationRecent 8-K item 2.04 8-K ↗
- No interest coverageInterest coverage -12.38 (cannot cover interest)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $349M cash & investments
- Insider sellingInsider selling — 2 open-market sale(s) by 1 insider(s) (~$1M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
12.4%
Return on assets
9.0%
ROIC
15.7%
Revenue growth (QoQ)
-8.4%
Net-income growth
798.6%
Debt / equity
0.0×
Net debt / EBITDA
-0.5×
Interest coverage
-12.4×
Current ratio
2.7×
Free cash flow
$310M
EBITDA
$680M
Tangible book value
$2.6B
Cash & investments
$349M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Absolom Stuart Maurice | Tax withheld | 7.1K | $15.98 |
| 2026-06-22 | Moyes Kari G. | Tax withheld | 303 | $15.98 |
| 2026-06-22 | Aguiar Rodriguez Carlos Roberto | Other | 10K | — |
| 2026-06-22 | Malone Patrick Shay | Tax withheld | 18K | $15.98 |
| 2026-06-22 | Malone Patrick Shay | Grant | 20K | $15.98 |
| 2026-06-22 | Malone Patrick Shay | Other | 2.3K | — |
| 2026-06-22 | Allen Kurt | Tax withheld | 14K | $15.98 |
| 2026-06-22 | Allen Kurt | Grant | 20K | $15.98 |
| 2026-06-22 | Allen Kurt | Other | 28K | — |
| 2026-06-22 | Absolom Stuart Maurice | Other | 17K | — |
| 2026-06-22 | Lawlar Russell Douglas | Tax withheld | 32K | $15.98 |
| 2026-06-22 | Lawlar Russell Douglas | Grant | 25K | $15.98 |
| 2026-06-22 | Lawlar Russell Douglas | Other | 1.1K | — |
| 2026-06-22 | Lawlar Russell Douglas | Tax withheld | 79K | $15.98 |
| 2026-06-22 | Lawlar Russell Douglas | Grant | 25K | $15.98 |
| 2026-06-22 | Lawlar Russell Douglas | Other | 1.1K | — |
| 2026-06-22 | Brown Robert Denis | Tax withheld | 27K | $15.98 |
| 2026-06-22 | Brown Robert Denis | Grant | 20K | $15.98 |
| 2026-06-22 | Sienko David C | Tax withheld | 24K | $15.98 |
| 2026-06-22 | Sienko David C | Grant | 23K | $15.98 |
| 2026-06-22 | Sienko David C | Other | 17K | — |
| 2026-06-22 | Satre Jill | Other | 14K | $8.67 |
| 2026-06-22 | Board Mark P | Other | 14K | $8.67 |
| 2026-06-22 | Wong Alice | Other | 14K | $8.67 |
| 2026-06-22 | Gehring Dean | Other | 7.2K | $8.67 |
| 2026-06-22 | Gehring Dean | Grant | 7.2K | $8.67 |
| 2026-06-22 | Boggs Catherine J | Other | 3.6K | $8.67 |
| 2026-06-22 | Boggs Catherine J | Grant | 11K | $8.67 |
| 2026-06-22 | STANLEY CHARLES B | Other | 14K | $8.67 |
| 2026-06-22 | Absolom Stuart Maurice | Grant | 6.3K | $15.98 |
| 2026-06-22 | Moyes Kari G. | Grant | 20K | $15.98 |
| 2026-06-22 | Krcmarov Robert | Tax withheld | 79K | $15.98 |
| 2026-06-22 | Krcmarov Robert | Grant | 67K | $15.98 |
| 2026-06-22 | Krcmarov Robert | Other | 2.5K | — |
| 2026-06-22 | Aguiar Rodriguez Carlos Roberto | Tax withheld | 22K | $15.98 |
| 2026-06-22 | Aguiar Rodriguez Carlos Roberto | Grant | 25K | $15.98 |
| 2026-04-13 | Moyes Kari G. | Grant | 15K | $19.85 |
| 2026-04-13 | Moyes Kari G. | Grant | 11K | $19.85 |
| 2026-03-02 | Sienko David C | Tax withheld | 7.3K | $24.63 |
| 2026-03-02 | Sienko David C | Option exercise | 24K | — |
| 2026-03-02 | Brown Robert Denis | Tax withheld | 13K | $24.63 |
| 2026-03-02 | Brown Robert Denis | Option exercise | 25K | — |
| 2026-03-02 | Lawlar Russell Douglas | Tax withheld | 14K | $24.63 |
| 2026-03-02 | Aguiar Rodriguez Carlos Roberto | Option exercise | 21K | — |
| 2026-03-02 | Aguiar Rodriguez Carlos Roberto | Tax withheld | 6.5K | $24.63 |
| 2026-03-02 | Allen Kurt | Tax withheld | 5.5K | $24.63 |
| 2026-03-02 | Allen Kurt | Option exercise | 22K | — |
| 2026-03-02 | Lawlar Russell Douglas | Option exercise | 30K | — |
| 2026-01-06 | Allen Kurt | Sell | 9.6K | $22.00 |
| 2026-01-06 | Allen Kurt | Other | 24K | — |
| 2026-01-06 | Allen Kurt | Sell | 43K | $21.89 |
| 2025-12-19 | Clary Michael L. | Sell | 75K | $20.30 |
| 2025-12-18 | Sienko David C | Other | 16K | — |
| 2025-12-18 | Clary Michael L. | Other | 16K | — |
| 2025-12-17 | Sienko David C | Sell | 208K | $19.42 |
| 2025-12-16 | Boggs Catherine J | Gift | 5.8K | — |
| 2025-11-10 | Lawlar Russell Douglas | Other | 19K | — |
| 2025-11-10 | Lawlar Russell Douglas | Sell | 19K | $15.02 |
| 2025-11-10 | Lawlar Russell Douglas | Sell | 148K | $15.00 |
| 2025-10-01 | Boggs Catherine J | Other | 14K | — |
| 2025-10-01 | Boggs Catherine J | Other | 6.3K | — |
| 2025-10-01 | Boggs Catherine J | Other | 7.4K | — |
| 2025-09-12 | Absolom Stuart Maurice | Sell | 14K | $11.29 |
| 2025-07-15 | Malone Patrick Shay | Grant | 74K | $6.11 |
| 2025-06-23 | Aguiar Rodriguez Carlos Roberto | Grant | 65K | $5.82 |
| 2025-06-23 | Absolom Stuart Maurice | Tax withheld | 6.1K | — |
| 2025-06-23 | Absolom Stuart Maurice | Grant | 17K | $5.82 |
| 2025-06-23 | Absolom Stuart Maurice | Other | 15K | — |
| 2025-06-23 | Sienko David C | Tax withheld | 14K | $5.82 |
| 2025-06-23 | Sienko David C | Grant | 60K | $5.82 |
| 2025-06-23 | Sienko David C | Other | 15K | — |
| 2025-06-23 | Sienko David C | Tax withheld | 14K | $5.82 |
| 2025-06-23 | Sienko David C | Grant | 60K | $5.82 |
| 2025-06-23 | Sienko David C | Other | 15K | — |
| 2025-06-23 | Absolom Stuart Maurice | Tax withheld | 7.4K | — |
| 2025-06-23 | Absolom Stuart Maurice | Grant | 17K | $5.82 |
| 2025-06-23 | Absolom Stuart Maurice | Other | 15K | — |
| 2025-06-23 | Krcmarov Robert | Tax withheld | 26K | $5.82 |
| 2025-06-23 | Krcmarov Robert | Grant | 177K | $5.82 |
| 2025-06-23 | Krcmarov Robert | Other | 969 | — |
| 2025-06-23 | Aguiar Rodriguez Carlos Roberto | Tax withheld | 10K | $5.82 |
| 2025-06-23 | Aguiar Rodriguez Carlos Roberto | Other | 10K | — |
| 2025-06-23 | Malone Patrick Shay | Grant | 52K | $5.82 |
| 2025-06-23 | Allen Kurt | Tax withheld | 9.3K | $5.82 |
| 2025-06-23 | Allen Kurt | Grant | 52K | $5.82 |
| 2025-06-23 | Allen Kurt | Other | 26K | — |
| 2025-06-23 | Clary Michael L. | Tax withheld | 29K | $5.82 |
| 2025-06-23 | Clary Michael L. | Grant | 60K | $5.82 |
| 2025-06-23 | Clary Michael L. | Other | 16K | — |
| 2025-06-23 | Lawlar Russell Douglas | Tax withheld | 34K | $5.82 |
| 2025-06-23 | Lawlar Russell Douglas | Grant | 65K | $5.82 |
| 2025-06-23 | Lawlar Russell Douglas | Other | 20K | — |
| 2025-06-23 | Brown Robert Denis | Tax withheld | 24K | $5.82 |
| 2025-06-23 | Brown Robert Denis | Grant | 54K | $5.82 |
| 2025-06-23 | Sienko David C | Tax withheld | 14K | $5.82 |
| 2025-06-23 | Sienko David C | Grant | 60K | $5.82 |
| 2025-06-23 | Sienko David C | Other | 15K | — |
| 2025-06-06 | Satre Jill | Other | 24K | $5.30 |
| 2025-06-06 | Boggs Catherine J | Grant | 18K | $5.30 |
| 2025-06-06 | Ralbovsky Stephen F | Other | 24K | $5.30 |
| 2025-06-06 | STANLEY CHARLES B | Other | 24K | $5.30 |
| 2025-06-06 | Gehring Dean | Other | 24K | $5.30 |
| 2025-06-06 | Board Mark P | Other | 24K | $5.30 |
| 2025-06-06 | Wong Alice | Other | 24K | $5.30 |
| 2025-06-06 | Boggs Catherine J | Other | 5.9K | $5.30 |
| 2025-06-05 | Absolom Stuart Maurice | Sell | 19K | $6.66 |
| 2025-05-07 | Boggs Catherine J | Buy | 20K | $4.99 |
| 2025-05-06 | Krcmarov Robert | Buy | 15K | $4.72 |
| 2025-02-26 | Lawlar Russell Douglas | Sell | 16K | $5.18 |
| 2025-02-26 | Clary Michael L. | Sell | 32K | $5.18 |
| 2025-02-26 | Allen Kurt | Sell | 9.2K | $5.18 |
| 2025-02-26 | Sienko David C | Sell | 22K | $5.18 |
| 2025-02-24 | Allen Kurt | Grant | 32K | — |
| 2025-02-24 | Absolom Stuart Maurice | Grant | 14K | — |
| 2025-02-24 | Absolom Stuart Maurice | Other | 13K | — |
| 2025-02-24 | Aguiar Rodriguez Carlos Roberto | Grant | 14K | — |
| 2025-02-24 | Aguiar Rodriguez Carlos Roberto | Other | 6.3K | — |
| 2025-02-24 | Allen Kurt | Other | 24K | — |
| 2025-02-24 | Clary Michael L. | Grant | 48K | — |
| 2025-02-24 | Clary Michael L. | Other | 13K | — |
| 2025-02-24 | Lawlar Russell Douglas | Grant | 51K | — |
| 2025-02-24 | Lawlar Russell Douglas | Other | 16K | — |
| 2025-02-24 | Brown Robert Denis | Grant | 46K | — |
| 2025-02-24 | Sienko David C | Grant | 46K | — |
| 2025-02-24 | Sienko David C | Other | 15K | — |
| 2025-02-19 | Krcmarov Robert | Buy | 6.6K | $5.29 |
| 2025-01-15 | Krcmarov Robert | Grant | 159K | $5.41 |
| 2025-01-15 | Krcmarov Robert | Grant | 166K | $5.41 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-05 | ResultsOther | filing ↗ |
| 2026-04-10 | 1.02Debt accelerationExhibits | filing ↗ |
| 2026-03-30 | Exhibits | filing ↗ |
| 2026-03-25 | Acquisition/dispositionOtherExhibits | filing ↗ |
| 2026-02-20 | Exec/director change | filing ↗ |
| 2026-02-17 | ResultsOtherExhibits | filing ↗ |
| 2026-02-13 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-21 | 0001437749-26-018228 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001193125-26-206810 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001193125-26-206729 ↗ |
| 8-K | 2026-04-10 | 2026-04-09 | 0001437749-26-011930 ↗ |
| 8-K/A | 2026-03-30 | 2026-03-25 | 0001437749-26-010330 ↗ |
| 8-K | 2026-03-25 | 2026-03-25 | 0001437749-26-009820 ↗ |
| 8-K | 2026-02-20 | 2026-02-18 | 0001437749-26-004900 ↗ |
| 10-K | 2026-02-17 | 2025-12-31 | 0001193125-26-055059 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001193125-26-054862 ↗ |
| 8-K | 2026-02-13 | 2026-02-13 | 0001437749-26-004103 ↗ |
| 8-K | 2026-01-28 | 2026-01-26 | 0001437749-26-002243 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0001437749-26-002003 ↗ |