HL at a glance
HECLA MINING CO/DE/ (HL, SEC CIK 719413) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 18, 2026 and Form 4 insider filings as recently as August 24, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), HECLA MINING CO/DE/ (HL) reported revenue of $1.4 billion (up 53.0% from FY2024) and net income of $321.7 million. Diluted EPS was $0.49.
- As of June 30, 2026, 36 institutional investment managers tracked by SignalX reported holding HECLA MINING CO/DE/ (HL) shares worth $4.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Malone Patrick Shay on August 20, 2026 of 100 shares at $20.97 per share.
- In the last 90 days, HL insiders reported 0 open-market purchases ($0) and 4 open-market sales ($996K) on Form 4, a net sale of $996K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.4B
- +53.0% vs prior year
- Insiders · 90 days
- 0 buys · 4 sells
- Net −$996K
- 13F holders
- 36 funds
- $4.1B · +0 vs prior quarter
- Latest 8-K
- Sep 18, 2026
- Item 3.03 · Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Precious metals mining with primary revenue from concentrate sales of silver, gold, and other metals
- No new products or segments highlighted; emphasis on concentrate sales from Greens Creek, Lucky Friday, Keno Hill mines
- Strategic focus on improved concentrate revenue recognition estimates amid variable metal prices; adoption of forward pricing at shipment
- Revenue $1.423B in 2025, up 53% from $929.9M in 2024; net income $321.7M vs $35.8M prior year
- Unusual: Recognition of $1.046B concentrate revenue requires complex, subjective judgment on variable consideration and metal pricing adjustments
Risk Factors
- Regulatory risk from credit risk exposure on commodity forward contracts with counterparties exceeding spot prices, impacting revenue volatility
- Geopolitical risk from CAD/USD exchange rate fluctuations with forecasted 2026 operating costs of CAD $95.2 million at Casa Berardi and Keno Hill combined
- Operational risk from high foreign exchange loss of $5.7 million in 2025 due to re-measurement of Canadian mining assets and liabilities
- Competitive risk from metal price volatility managed by collars and options causing $51.5 million net losses in 2025 on silver and gold hedges
- Financial risk from $225 million credit facility with variable interest, where a 1% rate increase would raise annual interest expense by $2.2 million
Management Discussion & Analysis
- Revenue exceeded $1.4B in 2025, record sales achieved; YoY comparison not explicitly stated
- Gross profit: Keno Hill $53.7M vs prior year loss; Casa Berardi $112.4M improvement YoY (exact prior year not specified)
- Best segment: Lucky Friday record production 5.3M ounces silver; worst not explicit, but Keno Hill newly profitable
- Operating cash flow $562.6M; capital expenditures $252.4M total including $54.6M Greens Creek, $72.9M Lucky Friday, $61.5M Casa Berardi, $58.2M Keno Hill; redeemed $212M Senior Notes; dividends $10.4M
- 2026 outlook: sale of Casa Berardi pending for up to $593M cash and equity to strengthen balance sheet, focus on silver assets, continued growth and exploration in US and Canada
AI summary of the HL 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- No operating results, profitability, segment, cash-flow, or outlook disclosures provided in supplied text
Risk Factors
- Government permitting risk for mining operations and project approvals
- Legal challenge risk to exploration projects and future mine expansion
- Metals-price risk from substantial or extended declines in commodity prices
- Mine-closure compliance risk from rising reclamation costs and required financial assurance
- Project execution risk from development costs, timelines, profitability, and technical assumptions
AI summary of the HL 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 3.03: Material Modification to Rights of Security Holders
- Credit Agreement restricts dividends and other capital-return payments on common and preferred stock
- Potentially limits shareholder distributions, including redemptions, retirements, and stock repurchases
Item 1.01: Entry into a Material Definitive Agreement
- $500M senior secured revolving facility replacing existing credit agreement, supporting liquidity, capital expenditures, and refinancing
- Maturity September 16, 2030, with potential one-year extension
Item 8.01: Other Events
- Casa Berardi sale completed March 25, 2026 for up to $602.2 million undiscounted consideration
- Casa Berardi reclassified as discontinued operations, removing its results from continuing operations and segment reporting
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 operating and financial results released August 4, 2026
- Full results and performance details provided in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 revenue $334M and income from continuing operations $118M, reflecting lower realized metals prices and shipment timing
- Operating cash flow $175M, up 61% YoY, and free cash flow $136M, more than double Q2 2025
Item 8.01: Other Events
- Common-stock dividend of $0.00375 per share
- Common shareholders of record August 26, 2026; payment around September 10, 2026
AI summaries of HL 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for HL
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Malone Patrick Shay | Sell | Aug 20, 2026 | 100 | $20.97 |
| Malone Patrick Shay | Sell | Aug 20, 2026 | 100 | $20.97 |
| Malone Patrick Shay | J | Aug 20, 2026 | 2,275 | - |
| Malone Patrick Shay | Sell | Aug 20, 2026 | 23,894 | $20.76 |
| Malone Patrick Shay | Sell | Aug 20, 2026 | 23,894 | $20.76 |
| STANLEY CHARLES B | J | Jun 22, 2026 | 14,422 | $8.67 |
| Boggs Catherine J | A | Jun 22, 2026 | 10,816 | $8.67 |
| Gehring Dean | J | Jun 22, 2026 | 7,211 | $8.67 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $929.9M | $1.4B |
| Gross Profit | - | $198.2M | $622.2M |
| Operating Income | - | $106.3M | $514.8M |
| Net Income | - | $35.8M | $321.7M |
| Gross Margin | - | 21.3% | 43.7% |
| Op. Margin | - | 11.4% | 36.2% |
| Net Margin | - | 3.8% | 22.6% |
| Balance Sheet | |||
| Total Assets | $3.0B | $3.0B | $3.6B |
| Equity | $2.0B | $2.0B | $2.6B |
| ROE | - | 1.8% | 12.4% |
| Per Share | |||
| EPS | - | $0.06 | $0.49 |
| Cash Flow | |||
| Operating CF | - | $218.3M | $562.6M |
| CapEx | - | $214.5M | $252.4M |
Source: XBRL data in HECLA MINING CO/DE/ (HL)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate HL share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 36 | $4.09B |
| Q1 2026 | 36 | $5.16B |
| Q4 2025 | 32 | $5.10B |
| Q3 2025 | 34 | $3.59B |
| Q2 2025 | 30 | $1.39B |
| Q1 2025 | 26 | $896.3M |
| Q4 2024 | 23 | $744.3M |
| Q3 2024 | 20 | $594.9M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 237 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
HL filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 18, 2026 | - | Analysis | - |
| 8-K | Aug 28, 2026 | - | Analysis | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| SC 13G | Aug 7, 2026 | - | - | |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 8-K | May 22, 2026 | - | Analysis |
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HL SEC filings: frequently asked questions
Are HL insiders buying or selling?
In the last 90 days, HECLA MINING CO/DE/ (HL) officers, directors and 10% owners reported no open-market purchases and 4 open-market sales worth $996,273 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold HL stock?
As of June 30, 2026, the largest HECLA MINING CO/DE/ (HL) holders among the 13F filers tracked by SignalX were BlackRock ($1.1 billion), State Street Corp ($521.6 million), Vanguard Capital Management LLC ($466.2 million), Vanguard Portfolio Management LLC ($461.6 million), Invesco Ltd ($311.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was HL's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), HECLA MINING CO/DE/ (HL) reported revenue of $1.4 billion (up 53.0% from FY2024) and net income of $321.7 million. Diluted EPS was $0.49. The figures come from the XBRL data in the 10-K.
What are the main risks in HL's latest 10-K?
In the 10-K filed February 17, 2026, HECLA MINING CO/DE/ (HL) flagged: Regulatory risk from credit risk exposure on commodity forward contracts with counterparties exceeding spot prices, impacting revenue volatility. Geopolitical risk from CAD/USD exchange rate fluctuations with forecasted 2026 operating costs of CAD $95.2 million at Casa Berardi and Keno Hill combined. (AI summary of the Risk Factors section.)
What did HL report in its latest 8-K?
HECLA MINING CO/DE/ (HL) filed an 8-K on September 18, 2026 reporting Item 3.03 (Material Modification to Rights of Security Holders) and Item 1.01 (Entry into a Material Definitive Agreement). Credit Agreement restricts dividends and other capital-return payments on common and preferred stock.
What are the latest HL SEC filings?
HECLA MINING CO/DE/ (HL) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 18, 2026 and a Form 4 insider filing on August 24, 2026.
What is HL's SEC CIK number?
HECLA MINING CO/DE/ (HL)'s SEC Central Index Key (CIK) is 719413. EDGAR lists every HL filing under that number.
Ask anything about HL
The research agent reads HL's filings, financials, insider trades and 13F holders, then answers with sources.