Hecla Mining Cuts Silver Production Outlook, Output Now Seen at 15.1M-16.1M Ounces
HL has more than doubled off its 52-week low of $5.763.
Summary
Hecla Mining lowered the upper end of its consolidated silver production guidance, now estimating 15.1 million to 16.1 million ounces. The revision signals operational headwinds or lower-than-expected output at key assets. With a market cap above $10 billion and silver prices elevated, any production shortfall directly impacts revenue and earnings. The company had previously reported a 100% revenue increase in Q1 driven by higher metal prices, making this guidance cut a notable reversal. Additionally, Hecla Mining revised its 2026 cost guidance lower. Investors will look for details on which mines are underperforming and whether costs are also rising when full results are released.
At the time of this announcement, HL was trading at $15.45 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $5.76 to $34.17. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.