Largest Silver Producer in U.S. and Canada

FIRST QUARTER 2025

Conference Call

RESPONSIBLE. SAFE. INNOVATIVE.

HECLA MINING COMPANY

NYSE: HL

FIRST QUARTER 2025 CONFERENCE CALL

Forward-Looking Vision



Operational Excellence

  • Drive continuous improvement through semi-automation and advanced analytics

  • Standardize systems and processes

    Portfolio Optimization and Growth

  • Improve mine planning

  • Strategic review of assets (Casa Berardi)

  • Advance best exploration projects, unlock value for remainder

  • Pursue disciplined M&A

    Focus on Returns, Free Cash Flow Generation

  • Prioritize high return projects

  • Strengthen balance sheet

  • Optimize capital allocation

    Silver Market Leadership

  • Maintain position as largest U.S./Canadian producer

  • Focus on high-quality operations with 12+ year mine lives

  • Reliable production base in low-risk areas

    ESG Leadership

  • Lead in environmental stewardship

  • Strengthen First Nations partnerships

  • Maintain safety excellence

Mill superintendent at Greens Creek

3

Operational Highlights

  • Produced 4.1Moz of silver and 34,232 oz of gold.

  • Lucky Friday set a new quarterly milling record of 108,745 tons.

  • Keno Hill silver production increased to 772,430 ounces, growing 23% over the prior quarter.

  • Initiated surface exploration programs at Midas in Nevada, with two drills to be active starting in the second quarter.

  • Libby Exploration Project in Montana placed on the Federal Permitting Improvement Steering Council's FAST-41 permitting dashboard.

Financial Highlights

  • Generated record sales of $261.3M and

    record Adjusted EBITDA of $90.8M.

  • Reported net income applicable to common shareholders of $28.7M, or $0.05 per share. Adjusted earnings per share of $0.04.

  • Silver cash costs of $1.29/oz and AISC of

    $11.91/oz; Gold cash cost of $2,195/oz and AISC of $2,303/oz

  • First profitable quarter at Keno Hill since acquisition, delivering $1.0M of gross profit.

  • Overall consolidated production, cost, and capital guidance maintained, site-specific cost guidance revised*.

HECLA MINING COMPANY

NYSE: HL

FIRST QUARTER 2025 CONFERENCE CALL

First Quarter Highlights





* Refer to 2025 Guidance Table in Appendix 4



FINANCIAL REVIEW

RESPONSIBLE. SAFE. INNOVATIVE.

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Hecla Mining Company published this content on May 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 02, 2025 at 14:21 UTC.