HL

• Income from continuing operations was $118 million, or $0.18 per share, down from $165 million, or $0.25 per share, in the prior quarter.
• Cash flow from continuing operations rose 61% year-over-year to $175 million; free cash flow more than doubled to $136 million.
• The company ended the quarter debt-free (excluding financial leases) with $483 million cash and a fully undrawn $225 million revolving credit facility.
• Consolidated silver production was 4.2 million ounces, up 8% from the prior quarter, with Lucky Friday setting a record of 1.5 million ounces.

2.02 Results of Operations and Financial Condition · 8.01 Other Events

• At the May 21, 2026 annual meeting, shareholders elected Rob Krcmarov and Dean R. Gehring to the Board until the 2029 annual meeting.
• Advisory vote on named executive officer compensation was approved.
• Shareholders approved an amendment extending the Director Stock Plan expiration from May 15, 2027 to May 15, 2036.
• Voter turnout was 78.23% of outstanding shares, with 524,590,027 shares present.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits

• Net income from continuing operations was $165 million, or $0.25 per share, up from $24 million in Q1 2025.
• Record adjusted EBITDA from continuing operations was $265 million, up 31% from the prior quarter.
• Cash flow from operations was $183 million, and record free cash flow from continuing operations was $144 million.
• The company declared a common stock dividend of $0.00375 per share and a preferred stock dividend of $0.875 per share.

2.02 Results of Operations and Financial Condition · 8.01 Other Events

• On April 9, 2026, Hecla Mining Company announced the full redemption of its remaining $263 million 7.25% Senior Notes due 2028.
• The redemption was funded with cash proceeds from the recently completed Casa Berardi sale and cash on hand, including payment of accrued and unpaid interest.
• The company states the redemption achieves an unencumbered balance sheet and enhances financial flexibility for strategic growth investments.
• The event was reported under Items 1.02 and 2.04 of Form 8-K as it involves termination of a material definitive agreement and a triggering event that accelerates a direct financial obligation.

1.02 Termination of a Material Definitive Agreement · 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• Hecla received $160 million in cash and approximately 65.8 million Orezone common shares at closing, with potential deferred and contingent cash consideration of up to $321 million.
• Hecla delivered a notice of full redemption for its remaining $263 million 7.25% Senior Notes due 2028, with redemption scheduled for April 9, 2026 at par plus accrued interest.
• The company plans to use cash proceeds from the sale and cash on hand to fund the note redemption, enhancing financial flexibility and balance sheet strength.
• The transaction is part of Hecla's strategy to solidify its position as the premier North American silver producer.

2.01 Completion of Acquisition or Disposition of Assets · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Stephen F. Ralbovsky retired from Hecla Mining's Board of Directors effective February 19, 2026.
• Ralbovsky did not express any disagreement with the Company regarding its operations, policies, or practices.
• Jill Satre was appointed Chair of the Audit Committee on February 19, 2026, having served on the committee since October 2024.
• Satre is Vice President Internal Audit & Corporate Compliance at TC Energy Corporation and previously a partner at PricewaterhouseCoopers.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Net income applicable to common stockholders was $321 million, or $0.49 per share, up from $35 million in 2024.
• Adjusted EBITDA was $670 million, nearly double the prior year.
• Total debt fell 50% to $276 million; net debt was $34 million, with net leverage at 0.1x.
• Declared common dividend of $0.00375 and preferred dividend of $0.875, payable in March and April 2026.

2.02 Results of Operations and Financial Condition · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• The company plans to invest $55 million in exploration and pre-development in 2026, nearly double the 2025 investment of $25.2 million, focused on Nevada, Greens Creek, Keno Hill, and Lucky Friday.
• Proven and probable gold reserves were 2.0 million ounces, with measured and indicated gold resources of 4.5 million ounces and inferred gold resources of 6.3 million ounces.
• High-grade drill results included 247.3 oz/ton silver over 7.7 feet at Greens Creek and 36.4 oz/ton silver over 21.4 feet at Keno Hill's Bermingham Vein.
• The reserves and resources include Casa Berardi, which is subject to a pending sale to Orezone Gold Corporation announced January 26, 2026.
• The disclosure was furnished under Item 7.01 Regulation FD, with the news release attached as Exhibit 99.1.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits