HL · Hecla reported Q3 2026 revenue of $395M (above $340.2M consensus) and…

Hecla reported Q3 2026 revenue of $395M (above $340.2M consensus) and EPS of $0.22 (above $0.15 consensus), driven by record free cash flow of $151M and a strengthened balance sheet with $692M cash. However, Keno Hill faces a significant operational setback: mill throughput will be suppressed to ~300 tpd starting Q4 2026, with further cuts in January 2027, due to tailings storage permit constraints, and license amendments are not expected until mid-2029. Guidance was raised for silver production (low end to 15.3M oz) and cash cost/AISC improved, but total capital guidance was lowered to $198-$214M.

• Q3 2026 revenue $394.8M, up 18% QoQ from $333.9M; income from continuing ops $149.6M ($0.22/share) vs $117.9M ($0.18) in Q2
• Record quarterly free cash flow from continuing ops of $151.2M; cash and equivalents rose 43% QoQ to $692M
• Keno Hill mill throughput to be suppressed to ~300 tpd in Q4 2026, further cuts from Jan 2027, due to tailings storage permit limits; license amendments not expected until ~mid-2029
• 2026 silver production guidance low end raised to 15.3M oz (from 15.1M); cash cost guidance improved to ($4.75)-($4.25)/oz; AISC guidance improved to $11.50-$12.50/oz