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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

 
FORM 8-K
 

 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): April 9, 2026
 

 
HECLA MINING CO/DE/
 
(Exact name of Registrant as Specified in Its Charter)
 

 
Delaware
1-8491
77-0664171
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
         
6500 North Mineral Drive
Suite 200
 
Coeur D'Alene, Idaho
 
83815-9408
(Address of Principal Executive Offices)
 
(Zip Code)
 
Registrant’s Telephone Number, Including Area Code: (208) 769-4100
 
(Former Name or Former Address, if Changed Since Last Report)
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.25 per share
 
HL
 
New York Stock Exchange
Series B Cumulative Convertible Preferred Stock, par value $0.25 per share
 
HL-PB
 
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 


 






 
Item 1.02
Termination of a Material Definitive Agreement
 
On April 9, 2026, Hecla Mining Company (the “Company”) announced it had completed the redemption of its remaining $263 million 7.25% Senior Notes (“Notes”) due in 2028. The full redemption of the Notes terminates the (i) Indenture, dated February 19, 2020, by and among Hecla Mining Company and The Bank of New York Mellon Trust Company, N.A., as trustee (“Indenture”), (ii) First Supplemental Indenture, dated February 19, 2020, and (iii) Second Supplemental Indenture, dated February 6, 2023. The news release is attached hereto as Exhibit 99.1 to this Form 8-K.
 
Item 2.04
Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
 
The information set forth under Item 1.02 above of this Current Report on Form 8-K is incorporated by reference in this Item 2.04.
 
This Current Report on Form 8-K does not constitute a notice of redemption of the Notes. Information concerning the terms and conditions of the redemption is described in the notice received from the trustee to holders of the applicable Notes under the Indenture governing the Notes.
 
Item 9.01
Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit Number
 
Description
     
99.1
 
     
104
 
Cover Page Interactive Data File (formatted as Inline XBRL).
 
   
* Filed herewith
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
Hecla Mining Company
       
Date:
April 9, 2026
By:
/s/ David C. Sienko
     
David C. Sienko
Sr. Vice President & General Counsel
 
EX-99.1 2 ex_944010.htm EXHIBIT 99.1 ex_944010.htm

Exhibit 99.1

 

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NEWS RELEASE 

 

Hecla Mining Company Completes Redemption of Senior Notes

 

Achieves unencumbered balance sheet, unlocking full capital flexibility

 

COEUR D'ALENE, IDAHO – April 9, 2026 - Hecla Mining Company (NYSE:HL) ("Hecla", or the "Company") is pleased to announce today that it has completed the full redemption of its remaining $263 million 7.25% Senior Notes (“Notes”) due 2028, completing a significant milestone in the Company’s balance sheet transformation. Full redemption of senior notes enhances Hecla’s financial flexibility and capacity to invest in strategic growth investments, positioning Hecla to maximize value from its world-class silver portfolio. The Company utilized the cash proceeds from the recently completed Casa Berardi sale along with cash on hand to fund the redemption of the Notes and the payment of accrued and unpaid interest.

 

"Retiring our senior notes marks a defining moment in Hecla’s balance sheet transformation - we've fundamentally strengthened our balance sheet and positioned the Company to pursue strategic growth with full financial optionality at a time when silver’s role in the global economy has never been more compelling," said Rob Krcmarov, President and Chief Executive Officer of Hecla Mining Company. "This strategic inflection point with no debt obligations has given us the foundation to pursue growth with discipline and from a position of genuine financial strength."

 

 

ABOUT HECLA

 

Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States and Canada. In addition to operating mines in Alaska and Idaho, the Company is ramping up a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America.

 

For further information, please contact:

 

Mike Parkin

Vice President – Strategy and Investor Relations

 

Cheryl Turner

Investor Relations Coordinator

 

Investor Relations

Email: hmc-info@hecla.com

Website: www.hecla.com

 







 

Cautionary Statements Regarding Estimates and Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, including Canadian securities laws. Words such as "may", "will", "should", "expects", "intends", "projects", "believes", "estimates", "targets", "anticipates" and similar expressions are used to identify these forward-looking statements.

 

Such forward-looking statements may include, without limitation: (i) the Company’s deleveraging is expected to enhance its financial flexibility and capacity to invest in strategic growth investments, positioning it to maximize value from its world-class silver portfolio; and (ii) the Company has the foundation to pursue growth with discipline and from a position of genuine financial strength.

 

The material factors or assumptions used to develop such forward‑looking statements or forward‑looking information include assumptions that: (i) operational, permitting, development, and ramp‑up activities at Keno Hill proceed as planned; (ii) political and regulatory developments in the jurisdictions in which Hecla and its counterparties operate remain consistent with current expectations, including with respect to permitting processes; (iii) metal prices, including gold and silver, remain at levels that support expected proceeds and operational plans; (iv) key supplies, labor, contractors, and equipment remain available at costs consistent with current expectations; (v) current mineral reserve and mineral resource estimates remain accurate; (vi) there are no material adverse changes in operating, geotechnical, hydrological, metallurgical, or weather conditions; and (vii) counterparties perform their obligations.

 

Material risks that could cause actual results to differ materially from those expressed or implied in forward‑looking statements include, but are not limited to: (i) operational risks, including those related to ramp‑up activities, permitting, development, equipment, labor, and production variability; (ii) political, regulatory, permitting, and community‑relations risks in the jurisdictions where the Company and its counterparties operate; (iii) risks related to workforce availability, supply chains, inflationary pressures, and cost escalation; and (iv) litigation, environmental, and other unforeseen business risks. For additional information regarding risks and uncertainties that may affect expected future results, please refer to the Company’s 2025 Form 10‑K filed on February 18, 2026. The Company undertakes no obligation, and has no intention, to update forward‑looking statements other than as may be required by law.