HECLA MINING Business Summary

Hecla Mining Company (HL) is a leading North American precious metals producer that generates revenue through the extraction, processing, and sale of silver and gold, alongside base metal by-products such as lead and zinc. As of early 2026, the company operates a high-margin portfolio of low-cost assets, primarily the Greens Creek mine in Alaska, the Lucky Friday mine in Idaho, and the Keno Hill project in the Yukon. Hecla is currently executing a strategic pivot toward becoming a pure-play silver producer, highlighted by the early 2026 divestiture of its higher-cost Casa Berardi gold mine in Quebec to Orezone Gold Corporation. This transition aims to capitalize on surging industrial and investment demand for silver in renewable energy and electronics. Hecla competes directly with major silver miners such as First Majestic Silver, Coeur Mining, and Endeavour Silver, maintaining a dominant market position as the largest silver producer in the United States with a focus on stable, Tier-1 North American jurisdictions. Founded in 1891, Hecla is led by a management team with deep institutional pedigree in the global mining sector. President and CEO Rob Krcmarov, appointed in late 2024, brings over 30 years of industry experience, including a 13-year tenure on the executive leadership team at Barrick Gold. He is supported by Senior VP and CFO Russell D. Lawlar and Senior VP and COO Carlos Aguiar, who oversee the company's disciplined capital allocation and operational efficiency. The Board of Directors was recently strengthened by the appointment of Jill Satre (VP at TC Energy) as Audit Committee Chair in February 2026, succeeding the retired Stephen F. Ralbovsky. Hecla maintains a robust institutional shareholder base, with significant positions held by major investment firms including BlackRock, The Vanguard Group, and VanEck, reflecting its status as a core holding for precious metals and ESG-focused portfolios.