HECLA MINING COMPANY
In the published model solve dated 2026-Q2, anchored at $20.62, HECLA MINING COMPANY (HL) is priced for today's economics sustained for ~8.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed August 7, 2026 from SEC EDGAR filings.
• The by-products pay for the silver at Hecla's best mine: Greens Creek reported a silver cash cost of negative 17.11 dollars an ounce and a sustaining cost of negative 10.71 dollars an ounce after by-product credits in the June quarter, which is what a low position on the cost curve actually looks like. [Source: Q2 2026 results release, August 4, 2026] • The fragile variable is the metal price rather than the mines, and it has already moved: June-quarter revenue of 334 million dollars was an ex
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536 institutional managers reported holding HL in 13F filings for the quarter ended 2026-03-31. Together they hold about 71% of the company; the top 10 hold 47%. 109 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 39.4M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (1.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
HL's share count grew 25.2% over the past five years even with $8.96M spent on repurchases. It pays a dividend, and has for 14 years running; the current rate is $0.04 a share annually. Cash returned over the past three years: $46.40M in dividends and $3.24M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at HL over the trailing three years: 2023: 1 buy totaling $35k; 2024: 1 buy totaling $0k; 2025: 3 buys totaling $205k. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
HL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -10.7% | -20.3% |
| 2023-11-08 | -5.2% | +7.3% |
| 2024-02-16 | +4.9% | +47.1% |
| 2024-05-10 | +9.0% | +12.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
HL's latest 8-K filings: 2026-08-28 (items 8.01, 9.01); 2026-08-04 (items 2.02, 8.01); 2026-05-22 (items 5.02, 5.07, 9.01); 2026-05-05 (items 2.02, 8.01); 2026-04-10 (items 1.02, 2.04, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 7, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.