Hecla Mining pany(HL) - 2025 Q4 - Annual Report

Financial Performance - For the year ended December 31, 2025, consolidated revenues were $1,423,019,000, reflecting a loss of $29,620,000 from the parent company[431]. - Net income for the year was reported at $321,712,000, with income applicable to common stockholders also at $321,160,000[431]. - The company declared preferred stock dividends totaling $552,000, impacting the overall net income[431]. - The company reported comprehensive income of $328,644,000, which includes other comprehensive losses of $6,932,000[431]. - Total liabilities were recorded at $3,560,645,000, with current liabilities at $231,564,000 and long-term debt at $268,627,000[431]. - Deferred tax liabilities amounted to $246,425,000, indicating potential future tax obligations[431]. - The cost of sales for the same period was $640,799,000, resulting in a gross profit margin that indicates significant operational costs[431]. - As of December 31, 2025, total assets amounted to $3,560,645,000, with cash and cash equivalents at $241,558,000[431]. Legal and Regulatory Risks - The company is currently involved in ongoing legal disputes that may materially adversely affect its operations and financial results[18]. - The company’s operations are subject to complex and evolving environmental laws, which could impose significant costs and threaten existing operations[18]. Market and Customer Dependency - The company derives a significant amount of revenue from a relatively small number of customers, which could expose it to risks if those customers reduce purchases[16]. - A substantial or extended decline in metals prices could materially adversely affect the company's financial results[16]. Environmental and Operational Liabilities - The company has estimated its liabilities for environmental, reclamation, and closure costs, which could significantly increase and adversely affect financial results[15][415]. - The company’s mineral reserves and resources are subject to critical estimates, which are influenced by future metals prices and engineering assessments[416][417]. Strategic Initiatives and Future Outlook - The company completed the acquisition of Alexco Resource Corp. in 2022, which may not yield all anticipated benefits[19]. - Forward-looking statements indicate potential growth and strategic initiatives, although specific future projections were not detailed in the provided content[432]. - The company is evaluating the impact of new accounting standards on its consolidated financial statements and disclosures[424][425]. Financial Management - The company utilizes financially-settled forward contracts and options to manage exposure to changes in prices for silver, gold, zinc, and lead[414]. - The company has faced losses that may recur, impacting the recognition of deferred tax assets related to net operating loss carryforwards[16].