Hecla Mining Company announced that its first drilling hole on the Pogo Trend at the Midas project in Nevada intersected a 0.95 oz/ton gold over 2.2 ft, including a 6.42 oz/ton gold over 0.3 ft with visible gold in vein fragments. The intercept confirms the presence of high‑grade gold in a previously untested two‑mile surface trend and underpins the company’s plan to restart production at Midas with a low‑capital intensity approach.
The company also reported a new ore shoot at the Bermingham Deposit of its Keno Hill operation in Yukon, Canada. Drillhole K‑25‑0933C returned 13.7 oz/ton silver over 2.7 ft, indicating that the mineralized system remains open down plunge and could extend the mine’s life. In Alaska, exploration at Greens Creek confirmed the extension of mineralization 550 ft along plunge, suggesting further near‑mine resource expansion.
These discoveries strengthen Hecla’s resource base across its key projects. The high‑grade gold at Midas offers a low‑cost pathway to increase output, while the new ore shoots at Keno Hill and Greens Creek support the company’s portfolio optimization and operational excellence initiatives. The findings come after Hecla’s record Q3 2025 earnings, which saw revenue of $409.5 million and net income of $101 million, underscoring the company’s ability to combine strong financial performance with strategic resource development.
The high‑grade intercepts at Midas are particularly significant because the project already has permitted mill infrastructure and tailings capacity, allowing a rapid restart with minimal capital outlay. The new ore shoots at Keno Hill and Greens Creek extend the life of two of the company’s most productive silver assets, providing a tailwind for future cash flow and supporting a higher long‑term resource estimate.
Management emphasized that the discoveries reinforce Hecla’s focus on high‑grade, low‑cost assets and demonstrate the effectiveness of its exploration strategy. The company’s approach to targeting preserved epithermal systems and leveraging existing infrastructure positions it to capitalize on these findings quickly and efficiently.
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