Malone Patrick Shay sold $498K of HL

Hecla Mining (HL) and Coeur Mining (CDE) rose 13% after the Treasury doubled long-dated debt buybacks, lowering yields and boosting precious metals. Both stocks are flat to negative for the year. First Majestic Silver (AG) is up 11% year-to-date, while Endeavour Silver (EXK) has gained 3%. The 30-year yield at 5.2% is a key variable to watch.

Gold prices rose 2.8% to $4,489.40 per ounce, the highest since May 29, after the U.S. Treasury announced increased buybacks of longer-dated debt, lowering Treasury yields and weakening the dollar. Silver also gained 2.8% to $65.734. The 30-year Treasury yield fell 9 basis points to 5.19%, its biggest one-day decline since October. Gold miners like Hycroft Mining and Hecla Mining saw significant gains. TD Securities noted that Treasury liquidity support and stagflation concerns could boost gold

Hecla Mining (HL) and Coeur Mining (CDE) shares rose 13% as Treasury buyback plans boosted precious metals. First Majestic Silver (AG) and Endeavour Silver (EXK) also gained, though their year-to-date performance lags. The Amplify Junior Silver Miners ETF (SILJ) increased 9%. The rally is tied to lower long-end yields and safe-haven demand, not broad commodity moves.

Hecla Mining’s Q2 2026 earnings call said revenue from continuing operations fell to $334 million from $411 million in Q1, mainly due to lower metal prices and delayed silver concentrate sales from Greens Creek. Adjusted EBITDA was $199 million, operating cash flow $175 million, and free cash flow $136 million. The company reported $483 million cash, no long-term debt beyond capital leases, and advancing Greens Creek pyrite and tailings reprocessing projects.

Simply Wall St says Hecla Mining (NYSE:HL) rose 21.6% after Q2 2026 results. The company reported sales of $333.85 million and net income of $117.88 million, updated production guidance, and kept dividends on common and preferred stock. It also released drilling results extending high-grade silver at Keno Hill and finding new high-grade veins at Midas.

Hecla Mining (HL) shares rose 19.33% to $16.85 after Q2 free cash flow of $135.8M, 40.7% of sales, despite 18.9% lower revenue. Hecla repaid $263M of 7.25% notes and ended June with $483M cash and no debt besides leases. It tightened 2026 silver guidance and raised AISC to $12.50-$13.50/oz.