Hecla Mining Company (HL) anticipates a strong 2026 with a projected all-in sustaining cost (AISC) of $0.00–$0.50 per ounce for silver, bolstered by by-product credits from metals including zinc, lead, and gold. In 2025, the company produced approximately 17 million ounces of silver, with a significant contribution from its Greens Creek mine, which achieved AISC of $2.70 per ounce in Q4 2025 and a full-year AISC of negative $2.36 per ounce.
For 2026, Hecla expects silver cash costs to be between negative $1.50 and negative $1.25 per ounce and consolidated AISC between $15.00 and $16.25 per ounce. Production is projected at 15.1–16.5 million ounces, while 2026 earnings are estimated to grow by 40.8% year-over-year. Despite operational challenges at some sites, particularly Lucky Friday, Hecla’s focus on core silver assets and a debt-free status enhance its financial flexibility and growth prospects.
