Core Viewpoint - Hecla Mining Company is focusing on strengthening its position in the silver market through strategic asset sales and maintaining a positive outlook from analysts [1][2][5]. Financial Performance - H.C. Wainwright has maintained a "Buy" rating for Hecla, raising the price target from $16.50 to $36.50, reflecting confidence in the company's future performance [1]. - The current stock price of Hecla is $27.95, showing a decrease of 6.76% or $2.03, with a yearly price range from a high of $34.17 to a low of $4.46 [3]. - Hecla's market capitalization is approximately $18.73 billion, indicating a strong presence in the mining sector [4]. Strategic Initiatives - Hecla recently held its Analyst/Investor Day, providing insights into its operations and market positioning [2]. - The company has decided to sell its Casa Berardi operation for up to $593 million, which aligns with its focus on silver assets and is expected to enhance its financial health [2][5]. - The sale of Casa Berardi to Orezone Gold Corporation is a strategic move to support Hecla's shift towards core silver assets, aligning with its long-term growth strategy [5]. Market Activity - Hecla's trading volume today was 32.04 million shares, indicating strong investor interest [4]. - The stock has shown volatility, reflecting market reactions to Hecla's strategic decisions and broader industry trends [3].

Core Viewpoint - Hecla aims to differentiate itself from silver peers and create shareholder value through strategic opportunities [1] Group 1: Company Overview - Michael Parkin serves as Vice President of Strategy and Investor Relations for Hecla [1] - The event is hybrid, allowing for questions from both in-person and online attendees [1] Group 2: Event Logistics - Attendees are reminded to silence their cell phones before the event begins [1] - A representative from the New York Stock Exchange is present to discuss safety procedures [1]

Core Viewpoint - The acquisition of Casa Berardi Mine and other exploration assets within the Hecla Quebec portfolio is a strategic expansion for Orezone, positioning the company as a diversified multi-asset gold producer amid record gold prices [2]. Acquisition Highlights - The transaction establishes Orezone in a Tier 1 mining jurisdiction in Quebec, enhancing its scale, production, and free cash flow [4]. - Casa Berardi has a long operating history with a well-established resource and reserve base, providing substantial exploration upside for future asset growth [4]. - The acquisition aligns with Orezone's technical expertise, as several team members have extensive operational experience in both underground and open-pit mining [4]. - The transaction is accretive on key operating and financial per share metrics, benefiting all existing shareholders [4]. - Financing for the transaction is supported by Franco-Nevada, which collaborated closely with Orezone throughout the process [4].

Summary of Hecla Mining Company (NYSE:HL) Acquisition Conference Call Company and Industry Overview - **Company**: Orezone - **Acquisition Target**: Hecla Quebec, including Casa Berardi Mine - **Industry**: Gold Mining Key Points and Arguments Acquisition Highlights - Orezone announces a transformational acquisition of Hecla Quebec, which includes the Casa Berardi Mine and exploration assets, amidst record gold prices [2][3] - The acquisition positions Orezone as a diversified multi-asset gold producer in a tier-one mining jurisdiction in Quebec [2][3] - The transaction is expected to enhance production scale and free cash flow, benefiting existing shareholders [3][4] Financial Details - The total upfront consideration for the acquisition is $272 million, comprising: - $160 million in initial cash ($60 million from Orezone's treasury and $100 million from Franco-Nevada financing) - $112 million through a 9.9% equity issuance - Deferred cash payments of $80 million [4][5] - Contingent consideration includes up to $240 million linked to gold prices and production payments from the Casa Berardi project [5] Production and Reserves - Casa Berardi has a long operating history, producing 3.2 million ounces of gold over 30 years, with proven and probable reserves of 1.3 million ounces [9][10] - Orezone's production guidance for 2026 is projected to be between 83,000-91,000 ounces from Casa Berardi, alongside 170-185 ounces from Bomboré Mine [6][20] - The combined production target for 2026 is between 230,000-250,000 ounces, with a medium-term goal of 350,000 ounces annually [19][20] Exploration Potential - Significant exploration upside exists at Casa Berardi, with plans to ramp up exploration to 80-100,000 meters per year targeting high-grade ore shoots [14][18] - The Casa Berardi land package covers 37 km along the Casa Berardi Fault, with multiple mineralized zones identified [15][16] - Exploration properties included in the acquisition, such as Heva-Hosco, have established resources and potential for future development [19] Operational Insights - Casa Berardi is well-maintained with a strong local workforce and established infrastructure, which supports ongoing operations and exploration [9][17] - The mill has a capacity of almost 400,000 tons per day, with an average recovery rate of 88% [10][18] - Orezone plans to enhance operational efficiency through process automation and equipment upgrades [17][18] Strategic Direction - The acquisition marks a strategic expansion into Canada while maintaining a focus on West Africa for future opportunities [29][30] - Orezone aims to leverage its operational expertise to maximize value from the acquired assets without overstretching resources [29][30] Additional Important Content - The acquisition is expected to create significant value, as evidenced by successful past transactions in the Canadian mining sector [21] - Orezone's financial metrics indicate potential for re-rating in the market, with a current P/NAV of 0.47 and EV/EBITDA of 1.55 [7][20] - The management emphasizes the importance of integrating the Hecla team and ensuring alignment on operational strategies moving forward [26][31]

Hecla Mining Company Investor Day Summary Company Overview - **Company Name**: Hecla Mining Company (NYSE: HL) - **Headquarters**: Coeur d'Alene, Idaho - **Market Capitalization**: Over $17 billion as of mid-January 2026 - **Share Ownership**: 22% retail, 78% institutional - **Operations**: Four precious metals mines located in the United States and Canada, positioning Hecla as the lowest geopolitical risk silver miner in the sector [4][5] Key Points from the Investor Day Strategic Transformation - **Leadership Change**: Rob Krcmarov appointed as CEO in November 2024, focusing on fundamental transformation and disciplined capital allocation [7][8] - **Exploration Budget**: The board approved a $55 million exploration budget for 2026, nearly double the previous year, indicating a commitment to future growth [9] - **Operational Excellence**: Emphasis on operational performance, financial frameworks, and exploration strategies to sustain growth through commodity cycles [9][10] Recent Developments - **Sale of Hecla Quebec**: Agreement to sell Hecla Quebec for nearly $600 million, redirecting focus towards silver production [11][12] - **Production Guidance**: Expected silver production for 2026 is between 15.1 million and 16.5 million ounces, with a potential pathway to 20 million ounces in the medium term [35][36] Financial Performance - **Free Cash Flow**: Generated $310 million in free cash flow in 2025, with all operations being free cash flow positive [26][43] - **Debt Reduction**: Gross leverage improved from 1.6x to 0.4x, with a target for complete deleveraging [43][44] - **Return on Invested Capital (ROIC)**: Increased from 4% in 2024 to 12% in 2025, with expectations for continued strong performance [44][46] Market Position and Silver Focus - **Silver Revenue**: Approximately 50% of revenues generated from silver, compared to 20%-30% for peers, highlighting Hecla's commitment to silver over gold [29][61] - **Supply-Demand Dynamics**: The silver market is in a structural deficit, with a cumulative supply deficit of 800 million ounces since 2021, driven by strong industrial demand and constrained supply [58][59] - **Investment in Silver**: Hecla's focus on silver is expected to yield significant returns due to its unique properties and increasing demand in various sectors, including solar energy and electrification [60][61] Operational Excellence - **Safety Improvements**: Achieved a 13% improvement in total reportable injury frequency rate in 2025, with ongoing investments in safety training and hazard reporting [64][65] - **Technology Integration**: Implementation of integrated systems for real-time monitoring and decision-making to enhance operational efficiency [66] Conclusion Hecla Mining Company is positioned for significant growth in the silver market, driven by a strategic focus on operational excellence, disciplined capital allocation, and a strong commitment to safety and sustainability. The company's transformation under new leadership aims to unlock value and capitalize on the growing demand for silver in a favorable geopolitical landscape.

2026 INVESTOR DAY JANUARY 26, 2026 Cautionary Statements Cautionary Statement Regarding Forward-Looking Statements, Including 2026 Outlook This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, including Canadian securities laws. Words such as "may", "will", "sh ...

Core Viewpoint - Hecla Mining Company has agreed to sell its subsidiary that owns the Casa Berardi operation in Quebec to Orezone Gold Corporation for up to $593 million, marking a strategic shift to focus on silver assets and strengthen its financial position [1] Group 1: Transaction Details - The total consideration for the sale is up to $593 million [1] - The transaction is part of Hecla's strategic transformation [1] - The expected closing of the transaction is anticipated soon [1] Group 2: Strategic Implications - The sale allows Hecla to concentrate on its premier silver assets [1] - Strengthening the Company's financial position is a key objective of this transaction [1]

Loading stock data... Silver prices breached the $100 per ounce mark for the first time ever today climbing nearly 4% in morning trading to hit $100.10. The metal has delivered a tremendous run over the past two years, with gains of over 226% since early 2024, far outpacing gold's 64% rise in 2025 alone. Gold, currently at $4,959 per ounce, appears poised to break through $5,000 soon. However, some analysts warn that silver is extremely overbought after its parabolic move, with indicators like deviation fro ...

Group 1 - China Aluminum International (02068) saw a mid-day increase of over 2.4% after announcing a joint venture to undertake a new electrolytic aluminum project with an annual capacity of 394,000 tons, with the first phase set at 294,000 tons [1] - CGN Mining (01164) rose over 8.3% following the submission of a preliminary prospectus for a trust that plans to issue up to $2 billion in transferable, non-redeemable trust shares over 25 months, with annual uranium procurement not exceeding 9 million pounds [1] - China Shengmu Organic Milk (01432) increased nearly 6% after a joint announcement regarding a potential conditional cash offer to acquire all issued shares of the company [1] Group 2 - Yijun Group Holdings (02442) surged over 18%, with a cumulative increase of nearly 500% since its resumption of trading in December, following the sale of shares by its controlling shareholder [2] - China Rare Earth Holdings (03788) rose over 10%, reaching a historical high of 5.49 HKD, after announcing the termination of its gold spin-off plan to focus on gold business [2] - Laopuqin Gold (06181) increased over 7.3% as consumer demand is expected to rise during the upcoming Spring Festival, driven by higher gold prices and anticipated price increases [2] Group 3 - Oil stocks continued to rise, with CNOOC (02883) up 4.19%, Sinopec (00386) up 2.54%, and PetroChina (00857) up 3.68%, amid escalating geopolitical tensions in Iran and Cuba [3] - Changfei Optical Fiber (06869) saw a rise of over 15.4% due to significant price increases and supply tightness in the G.652.D optical fiber market, with major manufacturers unable to meet their own orders [3] Group 4 - Nanshan Aluminum International (02610) increased over 2.6% after announcing plans to start construction on a 250,000-ton electrolytic aluminum project in 2026, with an investment of $437 million [4] - Xindong Company (02400) saw a slight increase of 0.43% as its mobile game "Xindong Town" surpassed 10 million downloads, indicating strong user growth [4] Group 5 - EquipmentShare.com (EQPT.US) debuted on the US stock market with an IPO price of $24.5, closing up 32.9% on its first day [5] - The solar energy sector saw initial gains, with JinkoSolar (JKS.US) up 9.03% and Canadian Solar (CSIQ.US) up 4.57%, following discussions at the Davos Forum [5] - Silver-related stocks experienced gains, with First Majestic Silver (AG.US) rising 5.04% as spot silver prices surpassed $100 [5] Group 6 - Lithium mining stocks mostly rose, with Sigma Lithium (SGML.US) up 17.54% after announcing additional sales of high-purity lithium powder [6] - Bank stocks declined, with Goldman Sachs (GS.US) down 3.75% amid legal issues involving President Trump and JPMorgan [6] - Redwire (RDW.US) increased by 4.51% following comments from Elon Musk about SpaceX's plans for reusable rocket technology [6] Group 7 - Semiconductor stocks showed strength, with AMD (AMD.US) up 2.35% and Nvidia (NVDA.US) up 1.53%, as Nvidia's CEO visited China to discuss future plans [7] - Ericsson (ERIC.US) rose 8.87% after reporting strong fourth-quarter earnings, with adjusted EBITA reaching 12.7 billion SEK, a 24% increase year-over-year [8] - Intel (INTC.US) fell 17.03% due to disappointing performance outlooks and manufacturing issues [8]

Group 1: Stock Performances - Hecla Mining Company (NYSE:HL) gained 29.31% this week amid rising precious metal stocks due to geopolitical tensions and a weakening US dollar, with expectations of a Fed rate cut [1] - First Majestic Silver Corp. (NYSE:AG) increased by 26.57% this week, following the trend in precious metal stocks [1] - Venture Global, Inc. (NYSE:VG) jumped 21.6% this week after the ICC issued a final arbitration award in favor of the company against Repsol [2] - Moderna, Inc. (NASDAQ:MRNA) rose 17.44% this week due to positive results from a five-year follow-up of a Phase 2b melanoma vaccine trial [2] - New Gold Inc. (AMEX:NGD) gained 24.03% this week, supported by a recommendation from Glass Lewis for shareholders to vote in favor of a merger with Coeur Mining Inc. [3] - Coeur Mining, Inc. increased by 23.13% this week, also benefiting from the merger news with New Gold [3] - United Microelectronics Corporation (NYSE:UMC) jumped 13.82% this week, reflecting positive market sentiment [3] - Micron Technology, Inc. (NASDAQ:MU) rose 13.21% this week after an analyst initiated coverage with an Outperform rating [4] - Korea Electric Power Corporation (NYSE:KEP) gained 15.29% this week, contributing to the overall positive performance in the sector [4] Group 2: Company Guidance and Production - Iamgold Corporation (NYSE:IAG) produced 765,900 ounces of gold in 2025 and provided guidance for 2026, targeting production between 720,000 to 820,000 ounces [4]