HECLA MINING CO/DE/
For the period ended May 21, 2026. Filed Apr 10, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 21, 2026 · Filed Apr 10, 2026
Use the contents to explore the available documents and sections.
Contents
Cover page
Show cover page
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant
☒
Filed by a Party other than the Registrant
☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12 |
Hecla Mining Company
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ☒ | No fee required. |
|---|---|
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
A Message from Your President and CEO
“Our core values of commitment, collaboration, communication, courage, and character serve as a foundation of how we work together to succeed. This defining behavior is reflected in our culture of being RESPONSIVE. SAFE. INNOVATIVE.”
ROB KRCMAROV
President, CEO and Director
To My Fellow Hecla Shareholders:
I am pleased to invite you to attend the 2026 Annual Meeting of Shareholders (together with any adjournments or postponements thereof, the “Annual Meeting”) of Hecla Mining Company (“Hecla,” “we,” “our,” “Company”) on May 21, 2026 at 10:00 a.m. (Pacific Time). The Annual Meeting will again be held in a virtual-only format, which we believe provides the broadest and most convenient access for all shareholders. You can participate via live webcast at www.virtualshareholdermeeting.com/HL2026, where you will be able to listen, vote, and submit questions from any location with internet access.
I have now been the Chief Executive Officer of Hecla for a year and a half, and I want to begin by saying something I feel strongly about: the results we are reporting this year belong first and foremost to the roughly 1,377 men and women who work at Greens Creek, Lucky Friday, Keno Hill, and across our corporate offices. Mining is not a business that rewards shortcuts, and the records we set in 2025—in production, revenue, and financial strength—reflect thousands of individual decisions made well, in difficult conditions, by people who take genuine pride in their work. I am grateful to be leading this team. With that context, let me describe what 2025 meant for Hecla. Last year was a turning point for Hecla. Our most important task in 2025 was recommitting to financial discipline, and I am proud to report that we delivered record revenue, operating cash flow, and earnings. These results, along with other disciplined actions, allowed us to reduce our debt by approximately 50%—fundamentally strengthening our balance sheet and positioning Hecla for the next phase of growth. As of the date of this letter, we have repaid our senior notes and no amounts are withdrawn on our revolving credit facility.
I also want to acknowledge our safety performance. Our Total Recordable Injury Frequency Rate (“TRIFR”) improved 13% year-over-year to 1.69, but we are never satisfied—safety is not a metric to us, it is a value. And we will keep pushing until every person goes home safe, the same way they arrived. I am committed to that, and so is our team.
2026 Proxy Statement | 1
SHAREHOLDER LETTER
Hecla has a remarkable legacy of operational excellence,
innovation, and a strong commitment to responsible mining
and sustainable practices.
What really excites me is the renewed emphasis on exploration. We aim to nearly double our exploration andpre-development spending to $55 million in 2026, with efforts centered on Greens Creek, Keno Hill, Lucky Friday, and Nevada (Midas, Hollister, and Aurora). In particular, Midas has identified compelling high-grade discovery targets with significant upside. With the existing infrastructure and permits there—and the additional resources we are deploying in 2026—we are positioned to move closer to near-term production growth.
The Hecla transformation is not just a financial story. It is a story about a team that chose to do things the right way; reducing debt instead of spending freely when metals prices rose, investing in exploration with discipline rather than speculation, and building a culture where safety, innovation, and accountability are genuinely lived rather than simply stated. I am proud of what we have built together in a short period of time, and I am confident the best is ahead of us.
Thank you for your continued confidence in Hecla.
ROB KRCMAROV
President, CEO and Director
231 Million Ounces SILVER RESERVES
17 Million Ounces OF SILVER PRODUCED
151 Thousand Ounces OF GOLD PRODUCED
GENERATED RECORD ADJUSTED EBITDA(1) OF $670 Million NEARLY DOUBLE COMPARED TO 2024
CASH FLOW FROM OPERATING ACTIVITIES OF $563 million
GROSS PROFIT OF $622 Million THREE-FOLD INCREASE COMPARED TO 2024
$1.4 Billion Record Revenue 53% INCREASE COMPARED TO 2024
NET INCOME APPLICABLE TO COMMON SHAREHOLDERS $321 Million OR $0.49 PER SHARE
ADDED TO THE S&P MIDCAP 400 INDEX
| (1) | Adjusted EBITDA is a non-GAAP measurement. See Appendix B for a reconciliation to GAAP. |
2 | Hecla Mining Company
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.