- Business
- Hecla Mining Company (HL) is a leading U.S.-based silver and gold producer focused on low-cost mining, exploration, and development of precious metals deposits. The company operates mines producing silver, gold, lead, and zinc; its core assets include the Greens Creek high-grade polymetallic mine in Alaska, the Lucky Friday silver-lead mine in Idaho, the Keno Hill silver mine in Yukon Territory, Canada, and the Casa Berardi gold mine in Quebec, Canada, along with exploration projects such as the U.S. Silver and Nevada Gold portfolios. Hecla offers silver and gold bullion, concentrates, and doré bars to refiners and smelters; it also provides custom milling services and engages in hedging activities to manage metal price risks.
Founded in 1891 and headquartered in Coeur d'Alene, Idaho, Hecla Mining conducts operations primarily in the United States and Canada, serving industrial consumers, jewelers, investors, and fabricators in North American and global markets within the precious metals mining industry. The company maintains a portfolio of producing mines and development projects across silver, gold, and polymetallic segments, with a strong emphasis on exploration to expand reserves.
In recent developments, Hecla Mining completed the acquisition of Alexco Resource Corp. in early 2023, integrating the high-grade Keno Hill silver mine into its portfolio and expanding its Canadian footprint; it also reported record silver production in 2024 from ramped-up operations at Keno Hill and Greens Creek. The company announced a strategic partnership with Newmont Corporation in 2024 for joint exploration in Nevada's gold districts and secured a $200 million financing facility to support expansion at Lucky Friday. Hecla launched its inaugural sustainability report in 2025, highlighting progress toward net-zero emissions goals, and continues to pursue growth through brownfield exploration amid favorable silver market dynamics.