Hecla Extends High-Grade Silver Trends at Keno Hill, Discovers New Veins at Midas
Event summary
- Hecla extended the high-grade Bermingham Deep trend at Keno Hill by 165 feet in both directions, now traceable over 800 feet.
- New high-grade veins discovered at Midas with assays pending, reinforcing potential for additional discoveries.
- Greens Creek definition drilling yielded notable intercepts, including 169.5 oz/ton silver and 3.2% lead in the East Zone.
- Hecla invested $11.3 million in Q2 2026 exploration, with total guidance remaining at $55 million for the year.
The big picture
Hecla's Q2 2026 exploration results underscore its strategy of balancing district-scale discovery with near-mine resource expansion. The extension of high-grade trends at Keno Hill and new vein discoveries at Midas align with the company's long-term reserve growth targets, positioning it favorably in a market where precious metal producers are increasingly focused on sustainable production pipelines.
What we're watching
- Exploration Momentum
- The pace at which Hecla can extend high-grade trends and discover new veins will determine reserve growth potential.
- Resource Conversion
- Whether the company can convert inferred resources into reserves efficiently, particularly at Keno Hill and Midas.
- Mine Restart Feasibility
- How quickly Hecla advances toward a restart decision at Midas, given positive definition results and new discoveries.
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