Hecla Mining Company (NYSE:HL) is one of the best silver stocks to watch for in 2026, with about 28% upside potential. On March 2, 2026, EnviroGold Global announced it had finished Phase 2 test work on tailings from Hecla Mining Company (NYSE:HL)’s Greens Creek Mine in Alaska. The results showed very high recovery rates, over 98% silver and 99% gold, using EnviroGold’s NVRO Process. This confirms the potential to unlock significant value from Hecla’s tailings while reducing long-term environmental risks.
Separately, on February 17, Rob Krcmarov, President and Chief Executive Officer, reiterated that Hecla Mining Company (NYSE:HL) is coming off a transformational year, marked by strong operational and financial results across key segments.
In 2025, the company’s balance sheet improved significantly, positioning it to invest in value surface initiatives and a best-in-class project pipeline. The company achieved record revenue of $1.4 billion in 2025, up 53% year over year. It also bounced to record profitability, with net income of $321 million, or $0.49 a share. Adjusted EBITDA for the year came in at a record high of $670 million.
Fourth quarter sales totaled $448.11 million up from $245.1 million for the same quarter in 2024. Net income improved to $134.27 million compared to $1.6 million in Q4 2024. The record fourth quarter and full year results were driven by the company producing 17 million ounces of silver, which were up 5% year over year and at the top end of guidance
”All three silver operations delivered strong results – Lucky Friday achieved record production, Keno Hill reached a significant milestone, achieving its first full year of profitability under Hecla’s ownership, and Greens Creek continued generating substantial cash flow. All while safety performance improved 13% company-wide,” Krcmarov said.
Hecla Mining Company (NYSE:HL) is the largest primary silver producer in the U.S. and Canada, also producing gold, lead, and zinc. It operates mines in Alaska (Greens Creek), Idaho (Lucky Friday), and Canada (Casa Berardi, Keno Hill), focusing on exploration and sustainable mining.
While we acknowledge the risk and potential of HL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HL and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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