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Hecla Mining HL Gold — Derivative Assets

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Other financials

Income statement

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Revenue$411.4M+100%
Gross profit$253.3M+269%
Operating income$223.1M+371%
Net income-$19.0M-166%
EPS (diluted)-$0.03-160%

Balance sheet

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Cash & equivalents$587.6M+2,382%
Total debt$285.7M-51.6%
Total equity$2.6B+24.0%
Total assets$3.4B+11.7%

Cash flow

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Operating cash flow$194.2M+444%
CapEx$39.3M+3.8%
Free cash flow$155.0M+7,480%

Valuation

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Market cap$11.11B+187%
Enterprise value$10.81B+160%
P/E40.6×+2.0×
P/S7.1×+3.2×

Profitability

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Gross margin50.9%+24.8pp
Operating margin43.6%+27.9pp
Net margin17.4%+10.0pp
FCF margin29.7%+26.3pp

Returns & leverage

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Return on equity11.8%+8.3pp
Debt / equity0.1×-0.2×
Current ratio4.9×+3.5×

Where this comes from

Reported directly by Hecla Mining in its filing.

Tagged under the XBRL concept us-gaap:DerivativeAssets.

The source filing: Hecla Mining’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 5:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-206810
DescriptionBalance at March 31,2026Balance at December 31,2025Input Hierarchy Level
Derivative contracts - current and non-current derivative assets:
Foreign exchange contracts3841,127Level 2
Metal forward contracts16,36315,840Level 2
Gold-price contingent asset3,254Level 2
Liabilities:
Derivative contracts - current and non-current derivative liabilities:
Foreign exchange contracts$1,318$829Level 2
Metal forward contracts15,23038,273Level 2

Item 1. Financial Statements

FAQ

What is Hecla Mining's gold — derivative assets?
Hecla Mining (HL) reported gold — derivative assets of $3.25M in Q1 2026.
What does gold — derivative assets mean?
The fair value of financial instruments, such as gold hedges or forward contracts, that are held to manage price risk and are currently in an asset position. This metric quantifies the potential economic benefit from hedging activities intended to protect the gold segment against adverse price fluctuations. It reflects the company's risk management strategy regarding commodity price volatility.

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