Here's Why Hecla Mining Crushed the Market Today
2026-03-27 12:51:03 ET
Shares in silver miner Hecla Mining (NYSE: HL) rose by 5.1% at 11 a.m this morning. There's no secret to the move; silver opened higher today. That's excellent news for a company that's doubling down on silver this year, having recently sold a subsidiary that owns gold mining assets (the Casa Berardi Mine in Quebec, Canada) while doubling its exploration and pre-development spending to $55 million in 2026 in order to develop its silver portfolio.
Image source: Getty Images.
The recent sale generated $160 million in cash, which management plans to use to further deleverage the company by paying down debt, which will "enhance Hecla's financial flexibility and capacity to invest in strategic growth investments, positioning Hecla to maximize value from its world-class silver portfolio,: according to the company.
NASDAQ: HL
HL Trading
-2.59% G/L:
$19.03 Last:
6,922,791 Volume:
$17.98 Open:
