v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities:          
Net Income (Loss) $ (19,028) $ 28,872 $ 321,712 $ 35,802 $ (84,217)
Less: Income (loss) from discontinued operations, net of taxes (183,681) 3,200 63,653 (14,433) (43,970)
Income (loss) from continuing operations 164,653 25,672 258,059 50,235 (40,247)
Non-cash elements included in net income (loss):          
Depreciation, depletion and amortization 34,468 30,603 132,337 117,636 97,635
Fair value adjustments, net 5,945 (3,388) (8,332) (3,541) (1,735)
Inventory adjustments 0 1,558 13,012 5,383 8,082
Provision for reclamation and closure costs 1,871 1,596 10,352 8,547 8,787
Deferred income taxes 27,878 11,689 80,001 33,211 8,400
Stock-based compensation 2,784 1,936 10,918 8,659 6,598
Foreign exchange (gain) loss (498) 367 6,019 (8,063) 4,145
Write-down of property, plant and equipment     0 14,574 0
Other non-cash items, net 1,759 643 10,005 (2,548) (1,729)
Changes in assets and liabilities:          
Accounts receivable (42,968) (27,288) (138,175) (18,331) 26,561
Inventories 483 (7,864) (21,245) (23,654) (10,425)
Other current and non-current assets (19,085) 6,769 24,774 (7,414) (30,840)
Accounts payable, accrued and other current liabilities (777) (13,922) 108 (6,697) 6,974
Accrued payroll and related benefits (15,317) (168) 20,724 9,101 (3,948)
Accrued taxes 21,503 2,769 12,112 2,817 (255)
Accrued reclamation and closure costs and other non-current liabilities 223 (3,350) (7,230) (12,571) (2,582)
Cash Provided by (Used in) Operating Activity, Continuing Operation, Total 182,922 27,622 403,439 167,344 75,421
Cash provided by operating activities of discontinued operations 11,324 8,116 159,199 50,933 78
Net cash provided by operating activities 194,246 35,738 562,638 218,277 75,499
Investing activities:          
Additions to property, plant and equipment and mine development (39,265) (37,838) (190,875) (153,788) (153,831)
Proceeds from disposition of assets 735 55 734 1,694 1,329
Acquisition, net     0 0 228
Proceeds from sale or exchange of investments 95,378 0 28,087 0 0
Purchase of silver puts     (25,000) 0 0
Purchases of investments (55,684) 0 (21,932) (73) (8,962)
Proceeds from sale of Hecla Quebec, net of transaction costs 168,045 0      
Proceeds from sale of Minera Hecla 5,228 0      
Cash Provided by (Used in) Investing Activity, Continuing Operation, Total 174,437 (37,783) (208,986) (152,167) (161,236)
Cash used in investing activities of discontinued operations (8,799) (16,257) (61,514) (60,704) (70,056)
Net cash used in investing activities 165,638 (54,040) (270,500) (212,871) (231,292)
Financing activities:          
Proceeds from issuance of common stock, net of offering costs 63 0 216,225 58,368 56,684
Dividends paid to common and preferred stockholders (2,786) (2,511) (10,375) (25,331) (15,713)
Acquisition of treasury shares from employee equity awards (1,161) 0 (885) (1,197) (2,036)
Borrowings of debt 0 107,000 153,000 279,000 239,000
Repayments of debt 0 (87,000) (427,245) (384,000) (111,000)
Repayments of finance leases and other (1,249) (1,616) (6,690) (9,182) (9,864)
Proceeds from issuance of long-term debt 0 107,000 153,000 279,000 239,000
Cash Provided by (Used in) Financing Activity, Continuing Operation, Total (5,133) 15,873 (75,970) (82,342) 157,071
Cash used by financing activities of discontinued operations (8,431) (671) (2,025) (1,482) (741)
Net cash (used in) provided by financing activities (13,564) 15,202 (77,995) (83,824) 156,330
Effect of exchange rates on cash (330) (100) 544 (1,076) 1,095
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents 345,990 (3,200) 214,687 (79,494) 1,632
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year 242,732 28,045 28,045 107,539 105,907
Cash and cash equivalents and restricted cash and cash equivalents at end of year 588,722 24,845 242,732 28,045 107,539
Reconciliation of cash and cash equivalents and restricted cash and cash equivalensts above to where reported on the consolidated balance sheet          
Cash and cash equivalents 587,550 23,668 241,558 26,868 106,374
Non-current restricted cash and cash equivalents 1,172 1,177 1,174 1,177 1,165
Total cash and cash equivalents and restricted cash and cash equivalenst as reported on the consolidated cash flow statement 588,722 24,845 242,732 28,045 107,539
Supplemental disclosure of cash flow information:          
Interest 10,006 20,118 44,462 45,558 37,490
Income and mining taxes, net of refunds 5,722 864 6,466 3,965 3,447
Non-cash investing and financing activities:          
Addition of finance lease obligations and right-of-use assets     630 5,605 16,116
Recognition of operating lease liabilities and right-of-use assets     1,382 0 203
Properties, plants, equipment and mine development additions in accounts payable and accrued liabilities     4,559 1,975 0
Common stock contributed to pension plans 72 2,503 0 0 1,035
Common Stock Issued as Incentive Compensation     2,503 6,588 0
Common stock issued to directors     1,034 796 676
Common stock issued to interim CEO     0 283 0
Common stock issued for 401(k) match 1,313 1,219 5,052 4,763 4,608
Common stock issued for warrant exercises     0 372 0
Common stock issued to ATAC Resources Ltd. stockholders     $ 0 $ 0 $ 18,789
Common shares and royalty asset received for sale of Hecla Quebec $ 130,026 $ 0