v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ (19,028) $ 28,872
Less: Net (loss) income from discontinued operations, net of taxes (183,681) 4,533
Net income from continuing operations 164,653 24,339
Non-cash elements included in net income:    
Depreciation, depletion and amortization 34,468 30,603
Inventory adjustments 0 1,558
Fair value adjustments, net 5,945 (3,388)
Provision for reclamation and closure costs 1,871 1,596
Stock-based compensation 2,784 1,936
Deferred income taxes 27,878 12,580
Net foreign exchange loss (gain) (498) 367
Other non-cash items, net 1,759 643
Change in assets and liabilities:    
Accounts receivable (42,968) (27,288)
Inventories 483 (7,864)
Other current and non-current assets (19,085) 6,769
Accounts payable, accrued and other current liabilities (777) (13,480)
Accrued payroll and related benefits (15,317) (168)
Accrued taxes 21,503 2,769
Accrued reclamation and closure costs and other non-current liabilities 223 (3,350)
Cash Provided by (Used in) Operating Activity, Continuing Operation, Total 182,922 27,622
Cash provided by operating activities of discontinued operations 11,324 8,116
Net cash provided by operating activities 194,246 35,738
Investing activities:    
Additions to property, plants, equipment and mine development (39,265) (37,838)
Proceeds from sale of Hecla Quebec, net of transaction costs 168,045 0
Proceeds from sale of Minera Hecla 5,228 0
Proceeds from sales of investments 95,378 0
Purchases of investments (55,684) 0
Proceeds from asset dispositions 735 55
Net cash provided by (used in) investing activities of continuing operations 174,437 (37,783)
Net cash used in investing activities of discontinued operations (8,799) (16,257)
Net cash provided by (used in) investing activities 165,638 (54,040)
Financing activities:    
Proceeds from sale of common stock, net 63 0
Acquisition of treasury stock (1,161) 0
Borrowing of debt 0 107,000
Repayment of debt 0 (87,000)
Dividends paid to common and preferred stockholders (2,786) (2,511)
Repayments of finance leases and other (1,249) (1,616)
Net cash (used in) provided by financing activities of continuing operations (5,133) 15,873
Net cash used in financing activities of discontinued operations (8,431) (671)
Net cash (used in) provided by financing activities (13,564) 15,202
Effect of exchange rates on cash (330) (100)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 345,990 (3,200)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 242,732 28,045
Cash, cash equivalents and restricted cash and cash equivalents at end of period 588,722 24,845
Reconciliation of cash and cash equivalents and restricted cash and cash equivalents above    
Cash and cash equivalents 587,550 23,668
Non-current restricted cash and cash equivalents 1,172 1,177
Total cash and cash equivalents and restricted cash and cash equivalents as reported on the consolidated cash flow statement 588,722 24,845
Supplemental disclosure of cash flow information:    
Cash paid for interest 10,006 20,118
Cash paid for income and mining taxes, net 5,722 864
Significant non-cash investing and financing activities:    
Common stock issued as incentive compensation 72 2,503
Common stock issued for 401(k) match 1,313 1,219
Common shares and royalty asset received for sale of Hecla Quebec $ 130,026 $ 0