Hecla Mining Company (HL)

Hecla Mining Co. (HL) stock experienced a significant gap up on October 8, 2025, driven by increased investor confidence and the greenlighting of the exploration phase of Hecla's Libby Project. In November 2025, Hecla reported strong Q3 2025 results, with record revenue and net income, leading to a stock surge and favorable analyst responses. In December 2025, Hecla Mining Company announced its addition to the S&P MidCap 400 Index. As of January 9, 2026, the stock price was $22.45 per share, a significant increase from $5.11 per share on January 13, 2025; however, the stock experienced a decline of 10.8% on January 7, 2026, reflecting market volatility. There has also been notable insider selling, but the stock has shown strong relative strength, outperforming almost 99% of the market over the past year.

The demand for Hecla Mining Co.'s products is generally influenced by broader market trends rather than strict seasonality. Demand for silver and gold can increase during times of global economic anxieties and geopolitical tensions. Silver has diverse industrial applications, and growth in these industries can drive sustained demand. Commodity price fluctuations can impact revenue and profitability throughout the year. Mining operations involve exploration and development phases, which can impact production levels at different times.

Hecla Mining Company, established in 1891 and headquartered in Coeur d'Alene, Idaho, operates in the Basic Materials sector, focusing on silver and gold production. It is the largest primary silver producer in the United States and Canada. The company's primary products include silver, gold, lead, and zinc concentrates, as well as doré containing silver and gold. Its revenue mix is heavily weighted towards silver and gold, which accounted for approximately 48% of its Q3 2025 revenue. Hecla's value creation relies on efficiently managing high-cost, deep-underground mining operations to produce marketable metal concentrates and doré for a global customer base.

Hecla Mining Co. has a significant geographic footprint primarily across North America. Its operating mines are located in Alaska (Greens Creek mine), Idaho (Lucky Friday mine), Quebec (Casa Berardi mine), and Yukon Territory (Keno Hill mine). The company also holds exploration properties in world-class silver and gold mining districts throughout North America and provides precious and base metals to customers in Japan, Korea, and China.

Hecla Mining Company has a long history, founded in 1891, and is the oldest NYSE-listed precious metals mining company in North America. In November 2025, Hecla received the 2025 Robert E. Leckie Award for excellence in environmental stewardship at the Keno Hill Silver District. The company's strong financial results in Q3 2025 and the successful ramp-up of operations at Keno Hill have bolstered its reputation for operational effectiveness. Hecla is a leading U.S. critical mineral producer. However, there have been past environmental concerns, including the Silver Valley Superfund site designation in 1983 and a settlement with the EPA in 2023 regarding improper disposal of lead-containing items at the Greens Creek Mine.

Approximately 21.62% of Hecla Mining Co.'s stock is owned by Institutional Investors, with major holders including BlackRock, Inc., Vanguard Group Inc., and Van Eck Associates Corp. Insiders own approximately 0.78% of the company's stock, and there has been significant insider selling activity in the past three months.