- Business
- Hecla Mining Company (NYSE:HL) is the largest primary silver producer in the United States and Canada, and a leading U.S. critical mineral producer, engaged in the discovery, acquisition, development, production, and marketing of silver, gold, lead, zinc, and associated base metals. The company produces silver concentrates, gold concentrates and doré, lead concentrates, zinc concentrates, and carbon materials containing silver and gold, which it sells to custom smelters, metal traders, refiners, and third-party processors; its key operating mines include the Greens Creek mine in Alaska, Lucky Friday mine in Idaho, Keno Hill silver project in Yukon Territory, Canada, and Casa Berardi gold mine in Quebec, Canada. Hecla operates primarily in North America, serving customers in the United States, Canada, Japan, Korea, and China, with a focus on long-life, low-cost assets in world-class mining districts.
Founded in 1891 and headquartered in Coeur d'Alene, Idaho, Hecla Mining is the oldest NYSE-listed precious metals mining company in North America, responsible for approximately 37% of U.S. silver production and 29% of Canadian silver production. The company maintains exploration and pre-development projects across North America to support its strategy of creating long-term shareholder value through profitable mineral resource development.
In recent developments, Hecla sold its Kinskuch Property in British Columbia's Golden Triangle to Dolly Varden Silver in May 2025 for $5 million in shares, retaining a 2% net smelter return royalty with a buyback option, while expanding collaborative exploration opportunities in the region. During 2025, the company reported record quarterly revenues in Q1, upheld full-year production guidance for its assets, and pursued deleveraging alongside strategic mergers and acquisitions focused on silver opportunities, including evaluation of the Libbey project potentially with partners. Hecla also continues to assess options for its Casa Berardi mine, such as joint ventures, divestitures, or financing structures to optimize gold production amid high prices.