---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-037285"
form_type: "8-K"
ticker: "HL"
cik: "0000719413"
company_name: "HECLA MINING CO/DE/"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:51:05.498075+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hecla reports record silver reserves of 240M oz, up 21% YoY; gold reserves down 6%

## Summary
- Silver proven & probable reserves increased 21% to >240M oz, highest in company history, driven by Keno Hill acquisition adding ~50M oz.
- Gold reserves decreased 6% to 2.6M oz due to higher cut-off grade at Casa Berardi from cost increases.
- Measured & indicated silver resources up 6% to 219M oz; gold resources up 6% to 3.7M oz.
- Exploration expenses $6.9M in Q4, $46M full year 2022; 2023 exploration budget set at $32.5M.
- Keno Hill drilling confirmed high-grade mineralization at Coral-Wigwam, Hector-Calumet, and Silver King targets.

## SEC filing metadata
- accession: 0001193125-23-037285
- form_type: 8-K
- ticker: HL
- cik: 0000719413
- company_name: HECLA MINING CO/DE/
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719413/000119312523037285/0001193125-23-037285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719413/000119312523037285/d465295d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-037285
- JSON: https://secwatch.observer/filing/0001193125-23-037285.json
- Plain text: https://secwatch.observer/filing/0001193125-23-037285.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.