Hecla Mining — May 5, 2026 release

This increase is solely tied to the increase in metal value of concentrate receivables as of March 31, 2026, with the majority of the receivables collected in April 2026. Capital investment from continuing operations was $39 million, a decrease of $27 million compared to the prior quarter (in each period, excluding Casa Berardi). Capital investment is expected to ramp up in the second quarter with the warmer construction months and remain elevated in the third quarter as numerous projects are advanced across the portfolio in the construction season. We also continue to invest in corporate projects in 2026 geared toward improving business planning and operations initiatives.   Free cash flow from continuing operations was a record $144 million, compared to $100 million in the prior quarter, with the increase primarily due to higher cash flow from operations and lower capital investment (in each period, excluding Casa Berardi). 1   4   In thousands (except per ounce amounts) 1Q-2026 4Q-2025 3Q-2025 2Q-2025 1Q-2025 FY 2025 Operational Highlights             Milled tons (tons)             Greens Creek 208,922 200,952 227,587 230,221 212,899 871,659 Lucky Friday 108,608 98,499 105,329 114,475 108,745 427,048 Keno Hill 24,274 24,417 29,740 26,771 27,411 108,339 Milled silver grade - (opt)             Greens Creek 13.0 12.2 13.1 13.4 11.8 12.6 Lucky Friday 11.9 13.4 13.4 12.5 13.0 13.0 Keno Hill 20.8 25.4 31.8 28.9 29.0 29.0 Silver production