Note 13 - Sale of Hecla Quebec Inc. and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2026

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations and Comprehensive Loss.

Below is a summary of Hecla Quebec's results from discontinued operations for the six months ended June 30, 2026, three and six months ended June 30, 2025, and statement of financial position as of December 31, 2025.

Hecla Quebec Inc.

Results of Discontinued Operations

(Dollars are in Thousands)

	Three Months Ended			Six Months Ended
	June 30, 2025			June 30, 2026			June 30, 2025
Sales	$	85,035		$	70,284		$	141,040
COSTS AND EXPENSES
Costs applicable to sales (1)		44,944			37,629			87,057
Depreciation, depletion and amortization		5,846			932			14,415
Exploration and pre-development		72			1,051			260
Other operating income, net		(1,616	)		—			(1,431	)
Total costs and expenses		49,246			39,612			100,301
Income from discontinued operations		35,789			30,672			40,739
Other expense:
Interest expense		(151	)		(91	)		(310	)
Fair value adjustments, net		5,165			(2,231	)		5,404
Net foreign exchange loss		276			—			287
Other income		166			—			166
Total other expense (income)		5,456			(2,322	)		5,547
Income of discontinued operations		41,245			28,350			46,286
Loss on disposal of Hecla Quebec Inc.		—			(192,482	)		—
Income and mining tax provision		(10,450	)		(19,549	)		(10,958	)
Income (loss) from discontinued operations, net of taxes	$	30,795		$	(183,681	)	$	35,328
(1) Excludes depreciation, depletion and amortization

Schedule of Assets and Liability of Discountinued Operation

Hecla Quebec Inc.

Reconciliation of Assets and Liabilities of Discontinued Operations to Balance Sheet

(Dollars are in Thousands)

	December 31, 2025
ASSETS
Accounts receivable	$	5,091
Inventories:
Product inventories		11,615
Materials and supplies		21,483
Prepaid expenses		2,596
Total current assets		40,785
Property, plants, equipment and mine development, net		710,246
Other non-current assets		698
Total assets	$	751,729
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities	$	24,690
Accrued payroll and related benefits		7,891
Accrued taxes		4,866
Finance leases		2,911
Total current liabilities		40,358
Accrued reclamation and closure costs		75,980
Deferred tax liabilities		88,840
Other non-current liabilities		5,456
Total liabilities	$	210,634