other_material
confidence high
sentiment positive
materiality 0.75
Hecla reports 231M oz silver reserves, nearly doubles exploration budget to $55M in 2026
HECLA MINING CO/DE/
- Silver reserves 231M oz after producing 17M oz in 2025; peer-leading average reserve life nearly double industry average.
- 2026 exploration & pre-development budget set at $55M, up from $25.2M in 2025, to focus on Nevada, Greens Creek, Keno Hill, Lucky Friday.
- Greens Creek grew reserves by 2.4M oz; drillhole East Zone returned 247.3 oz/ton silver over 7.7 ft.
- Lucky Friday record silver production 5.3M oz in 2025, replaced 5.0M oz in reserves; mineralization open at depth.
- Keno Hill drilling discovered new ore shoot; Bermingham Vein returned 36.4 oz/ton silver over 21.4 ft.
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