New York, Feb 23, 2026, 18:57 EST — After-hours
Hecla Mining Company shares were down 0.1% at $23.99 in after-hours trading on Monday after swinging between $23.66 and $25.20 in the regular session.
The chop matters because the day’s big move was in the metal Hecla sells. Gold jumped more than 2% and silver rose to a roughly two-week high as investors looked for cover amid fresh uncertainty over U.S. tariff policy. (Reuters)
Silver-linked iShares Silver Trust was up about 5.2% and SPDR Gold Shares rose 2.7%. Among U.S.-listed silver miners, First Majestic gained 3.8% and Pan American added 0.7%, while Coeur Mining slipped 0.8%.
Hecla is coming off a strong set of annual numbers that have kept attention on its leverage to metal prices. The company last week reported record revenue of more than $1.4 billion for 2025 and net income applicable to common stockholders of $321 million, and it posted $310 million in free cash flow — cash left after capital spending — with net debt of about $34 million. Hecla said it produced 17.0 million ounces of silver in 2025 and flagged a planned sale of its Casa Berardi unit and other Quebec assets to Orezone Gold for total consideration of up to $593 million, expected to close in the first quarter. “2025 was a transformational year,” CEO Rob Krcmarov said in the release. (SEC)
Monday’s tape left Hecla looking less like a pure metal proxy and more like a stock still being repriced after a steep run and a rush of new information. That gap can persist, especially when investors are balancing bullion’s pop against miners’ operating risks and deal execution.
The downside case is straightforward. If the safe-haven bid fades and silver gives back gains, miners can drop fast; any disruption at Hecla’s mines or slippage in its asset-sale timetable would likely draw a harsher reaction after the stock’s recent volatility.
Beyond the next session, traders are watching U.S. inflation signals that can move the dollar and, by extension, precious metals. The January producer price index is due on Friday, Feb. 27, at 8:30 a.m. ET. (Bureau of Labor Statistics)
For Hecla, the next company-specific date on the calendar is its common-stock dividend record date of March 9, with payment planned on or about March 24, according to a recent filing. (SEC)
