Hecla Mining — Jan 26, 2026 release

Cash cost per silver ounce (after by-product credits) and AISC per silver ounce (after by-product credits) guidance is ($9.00)-($8.25) and $0.00-$0.50 respectively, both benefiting from assumed higher by-product credits, especially from gold. 1,2     ● At Lucky Friday, guidance for total cost of sales (includes depreciation) is $184 million, an increase over the prior year largely reflecting the expected impact of higher profit-sharing payments driven by the elevated silver price. Cash cost guidance is $10.25-$11.00 (after by-product credits), per silver ounce, and AISC at $23.50-$26.00 (after by-product credits), per silver ounce. 1,2   Casa Berardi guidance for total cost of sales (includes depreciation) is $192 million, expected to be down from the prior year. Cash cost (after by-product credits) per gold ounce is expected to be up modestly to the prior year due to the expected lower volume of sales at $1,700-$1,850 and AISC (after by-product credits) is expected to be higher to the prior year on lower sales volumes and expected higher sustaining capital investment at $2,150-$2,350. 1,2   Metal Prices and FX rate assumptions.  Expectations for 2026 include gold $4,000/oz, silver $50.00/oz, zinc $1.30/lb, and lead 0.90$/lb, for by-product credit calculations. Numbers are rounded. Assumed exchange rate for Canadian dollar is 1.35 CAD/USD, unchanged from the prior year.       Total Cost of Sales (million)   Cash cost, after by- product credits, per silver/gold ounc