v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Net Income (Loss) $ 248,448 $ 187,303
Less: (Loss) income from discontinued operations, net of taxes (183,681) 39,303
Income from continuing operations 432,129 148,000
Non-cash elements included in net income:    
Depreciation, depletion and amortization 110,618 101,152
Inventory adjustments 0 2,421
Fair value adjustments, net (11,500) (27,666)
Provision for reclamation and closure costs 5,584 4,839
Stock-based compensation 9,458 7,562
Deferred income taxes 33,962 50,648
Net foreign exchange loss 4,599 3,724
Other non-cash items, net 3,393 5,114
Change in assets and liabilities:    
Accounts receivable 13,480 (72,461)
Inventories (3,803) (7,812)
Other current and non-current assets (52,263) 14,073
Accounts payable, accrued and other current liabilities 17,625 (3,507)
Accrued payroll and related benefits (8,934) 10,093
Accrued taxes 4,651 4,779
Accrued reclamation and closure costs and other non-current liabilities 1,793 (3,372)
Cash provided by operating activities of continuing operations 560,792 237,587
Cash provided by operating activities of discontinued operations 11,324 107,996
Net cash provided by operating activities 572,116 345,583
Investing activities:    
Additions to property, plant and mine development (130,121) (124,939)
Proceeds from sale of Hecla Quebec, net of transaction costs 178,181 0
Proceeds from sale of Minera Hecla 5,228 0
Proceeds from sales of investments 181,056 3,696
Purchases of investments (57,183) 0
Proceeds from asset dispositions 766 714
Net cash provided by (used in) investing activities of continuing operations 177,927 (120,529)
Net cash used in investing activities of discontinued operations (8,799) (45,104)
Net cash provided by (used in) investing activities 169,128 (165,633)
Financing activities:    
Proceeds from sale of common stock, net 63 216,225
Acquisition of treasury stock (4,528) (885)
Borrowing of debt 0 153,000
Repayment of debt (263,000) (427,245)
Dividends paid to common and preferred stockholders (8,088) (7,676)
Credit facility costs (1,725) 0
Repayments of finance leases and other (5,308) (5,272)
Net cash (used in) provided by financing activities of continuing operations (282,586) (71,853)
Net cash used in financing activities of discontinued operations (8,431) (1,371)
Net cash used in financing activities (291,017) (73,224)
Effect of exchange rates on cash (220) 311
Net increase in cash, cash equivalents and restricted cash and cash equivalents 450,007 107,037
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 692,739 135,082
Reconciliation of cash and cash equivalents and restricted cash and cash equivalents above    
Cash and cash equivalents 691,569 133,910
Non-current restricted cash and cash equivalents 1,170 1,172
Total cash and cash equivalents and restricted cash and cash equivalents as reported on the consolidated statements of cash flows 692,739 135,082
Supplemental disclosure of cash flow information:    
Cash paid for interest 11,109 42,787
Cash paid for income and mining taxes, net 83,228 6,216
Significant non-cash investing and financing activities:    
Common stock issued as incentive compensation 1,382 2,503
Common stock issued for 401(k) match 1,313 3,808
Common shares and royalty asset received for sale of Hecla Quebec $ 128,834 $ 0