Hecla Mining Company 10-Q filed Nov 4, 2026

Modified

In this Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”), “Hecla,” “the Company,” “we,” “us”, and “our” refer to Hecla Mining Company and its consolidated subsidiaries, except where the context requires otherwise. You should read this discussion in conjunction with our consolidated financial statements, and the related MD&A, and the discussion of our Business and Properties in our Annual Report on Form 10-K for the contained in our annual report for the year ended December 31, 2025, which were revised to conform with current year ended December 31, 2025 ("2025 financial statement changes as described in Exhibit 99.1 to the Company’s Current Report on Form 10-K"),8-K filed with the United States Securities and Exchange Commission (the “SEC”) on August 28, 2026, including Note 2U. Reclassifications and Note 3. Sale of Hecla Quebec, Inc. and Discontinued Operations, reflecting reclassifications in the Consolidated Statements of Operations and Comprehensive Income (Loss) presentation, the elimination of Casa Berardi as a segment and classification of Casa Berardi as a discontinued operation. The results of operations reported and summarized below are not necessarily indicative of future operating results (refer to “Forward-Looking Statements” above for further discussion). References to “Notes” are Notes included in our Notes to Condensed Consolidated Financial Statements (Unaudited). Throughout this MD&A, all references to income or losses per share are on a diluted basis.