UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . | Securities registered pursuant to Section 12(b) of the Act: | Trading | | | --- | --- | --- | | Title of each class | Symbol(s) | Name of each exchange on ...

$767 RESPONSIBLE. SAFE. INNOVATIVE. H1/2023 Revenues By Metal Net Debt to Adjusted EBITDA Cash & Liquidity, ($ millions) GREENS CREEK: CONSISTENT STRONG PERFORMANCE 2023 Silver production to exceed 2.5Moz, Up to 4Moz in 2024 KENO HILL: PROGRESS New solar cell manufacturing projects expected to use TOPCon or HJT starting in 2023* program. RESPONSIBLE. SAFE. INNOVATIVE. l 19 Silver Total Cost of Sales (GAAP) to Cash Cost, Before By-product Credits and Cash Cost, After By-product Credits (non-GAAP) and All-In ...

Hecla Mining Co (NYSE:HL) Q1 2023 Earnings Conference Call May 10, 2023 10:00 AM ET Company Participants Anvita Patil - VP, IR & Treasurer, Hecla Limited Phillips Baker - President, CEO & Director Russell Lawlar - SVP & CFO Lauren Roberts - SVP & COO Conference Call Participants Heiko Ihle - H.C. Wainwright & Co. Michael Siperco - RBC Capital Markets Lucas Pipes - B. Riley Securities John Tumazos - John Tumazos Very Independent Research Joseph Reagor - ROTH MKM Operator Good morning. My name is Rob, and I w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 1-8491 HECLA MINING COMPANY (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or ...

60 136 188 60 136 188 NYSE: HL Qualified Person (QP) 175 172 171 NYSE: HL Largest silver producer in the U.S., Positioned to be the largest in Canada by 2024 60 136 188 2022: Record mill throughput, 9.7Moz in silver production Low-cost structure, high grades generate significant free cash flow 77 132 180 Lucky Friday: Long Section #4 SHAFT 6500 LEVEL ~1,000 FEET @ > 35 AgEq 7500 LEVEL MINED 1997 – 2021 | --- | --- | --- | --- | |------------------------------------------------------------------|-------|---- ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________ Form 10-K ____________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file No. 1-8491 HECLA MINING COMPANY (Exact name of registrant as specified in its Charter) State or Other Jurisdiction of Incorporation or Organization 6500 N. Mineral Drive, Suite 200 Coeur d'Alene, Idaho 83815-9408 Address of Principal Executive Offices Zip Code 208-769-4100 For the fis ...

Financial Data and Key Metrics Changes - Revenue for 2022 was $719 million, with a year-over-year decline attributed to lower silver prices and gold production [16] - Adjusted EBITDA for 2022 declined by $218 million due to lower revenue and inflation-driven costs [16] - Free cash flow generation from the three mines was approximately $110 million for the year [16] - The company ended the year with $105 million in cash and a net leverage ratio below the target of 2x [17] Business Line Data and Key Metrics Changes - Greens Creek produced 9.7 million ounces of silver in 2022, achieving record throughput of 2,500 tons per day in Q4 [20] - Lucky Friday reported silver production of 4.4 million ounces, with a 25% reduction in incident frequency rate and a 68% increase in ore production since 2016 [23][25] - Casa Berardi produced approximately 128,000 ounces of gold in 2022, with all-in sustaining costs of $1,825 per gold ounce, exceeding guidance due to inflationary pressures [28] - Keno Hill increased reserves by 33% to 49 million ounces of silver, with production guidance for 2023 set at 2.5 million to 3 million ounces [32][33] Market Data and Key Metrics Changes - The company expects silver production to increase by 18% in 2023 compared to 2022, with a target of up to 20 million ounces by 2025 [37] - The all-in sustaining cost for silver is expected to be approximately $10.25 to $11.50 after byproduct credits [45] Company Strategy and Development Direction - The company’s strategy focuses on large prospective land positions in the U.S. and Canada, with a commitment to silver production [11] - Investment in the Lucky Friday mine has led to a new mining method that is expected to double historic silver production [8] - The company plans to invest more than $30 million in exploration and predevelopment, particularly at Greens Creek [40] Management's Comments on Operating Environment and Future Outlook - Management believes the silver market will strengthen due to its role as an energy metal, with expectations for continued production growth [7] - The company anticipates setting new production records in 2023, 2024, and 2025 without significant capital investment [13] - Management expressed confidence in the exploration potential of the Keno Hill district, indicating a focus on development and ramp-up [33] Other Important Information - The company has a strong balance sheet, allowing flexibility in executing plans, including capital investments and exploration [17] - The acquisition of Alexco has led to increased costs but is expected to enhance the company's capabilities [56] Q&A Session Summary Question: Can you speak to the cadence of cost throughout the year? - Management indicated that capital spending is typically higher in Q2 and Q3 due to favorable weather conditions, and the lower cost guidance for Lucky Friday is attributed to higher production [51][52] Question: Do you have a target level for dividends in 2023? - The company maintains its dividend policy, with no anticipated changes in the near term, but has the ability to raise dividends as silver production increases [53] Question: What drove elevated costs in G&A and ramp-up costs? - Increased costs were primarily due to the acquisition of Alexco and higher incentive compensation accrued [56][58] Question: Can you clarify the production guidance for Keno Hill? - Management confirmed that there is no stockpiled material, but higher-grade material will be processed first, affecting production rates [60][61] Question: What is the expected capital spend across the four mines? - A normalized expectation for capital spend is estimated to be between $150 million to $170 million [62] Question: When will the Principal pit be operational? - The permitting process is ongoing, with ore expected to start being delivered around 2027-2028 [77] Question: What is the status of operations in Nevada? - The company is currently addressing unexpected water influx issues and is proceeding cautiously with investments in Nevada [81]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8491 HECLA MINING COMPANY (Exact name of registrant as specified in its Charter) Delaware 77-0664171 State or Other Jur ...

Financial Data and Key Metrics Changes - Third quarter revenues were $146 million, a decrease of approximately $45 million from the prior quarter, primarily due to deferred silver shipments [29] - Free cash flow for the quarter was negative $62 million, impacted by revenue reductions and capital expenditures [31] - Year-to-date free cash flow generation from operations was approximately $98 million [32] Business Line Data and Key Metrics Changes - Greens Creek produced 2.5 million ounces of silver in Q3, a 2.5% increase from the previous quarter, with cash costs rising to $2.65 per ounce [13][15] - Lucky Friday silver production exceeded 1 million ounces for the last two consecutive quarters, with cash costs for the quarter at $5.23 per ounce [16][18] - Casa Berardi produced just over 33,000 ounces of gold, with all-in sustaining costs increasing to $1,738 per ounce due to higher capital expenditures [21][22] Market Data and Key Metrics Changes - The company noted that inflationary pressures continued, with key input prices remaining elevated around 15% higher than at the beginning of the year [34] - The silver market saw increased demand from India, with imports reaching 200 million ounces in the first eight months of 2022, representing 20% of global demand [40][44] Company Strategy and Development Direction - The company aims to increase silver production to 17 million to 20 million ounces by 2024, positioning itself as the largest silver producer in the U.S. and Canada [10] - The acquisition of Alexco is expected to enhance development rates, with a focus on Keno Hill, which is anticipated to start production in 2023 [24][25] - The company is committed to maintaining a strong balance sheet while investing in capital programs across its mines [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing mining and development plans despite tight labor markets and inflationary pressures [35] - The company is focused on optimizing operations and maintaining cost guidance, even amid rising input costs [34][37] - Management highlighted the importance of recruiting skilled labor as a significant challenge for the industry [129] Other Important Information - The company reaffirmed its production and cost guidance while lowering capital guidance slightly for Casa Berardi [23] - The all injury frequency rate for the first nine months of the year was 1.32, 37% lower than the U.S. average [39] Q&A Session Summary Question: Any surprises since taking over Keno Hill? - Management noted no significant surprises, with positive reception from the workforce being a highlight [48][49] Question: Should we expect more or less CapEx deferral into 2023? - CapEx is expected to be deferred into 2023, with some projects being delayed for operational reasons [52][54] Question: Can you break out lead and zinc guidance for predictability? - Management acknowledged the request but noted it has not been asked in 20 years and will consider it [58] Question: Are inflationary pressures subsiding? - Management indicated that inflationary pressures are not subsiding yet, but they are focused on managing costs [68][71] Question: What are the current challenges for Hecla Mining? - The primary challenge is recruiting skilled labor, as the number of mining engineers graduating has significantly decreased [129]