Hecla Mining Company (HL) Receives Permit for 2026 Polaris Exploration Program in Aurora Mining District

Hecla Mining Company (NYSE:HL) is among the 15 Best Performing Silver Stocks to Buy.

Hecla Mining Company (NYSE:HL) announced on December 1, 2025, that the Polaris Exploration Project in Nevada’s Aurora Mining District has received a Finding of No Significant Impact and Decision Notice from the U.S. Forest Service. It permits exploration to commence in 2026. Following an environmental study by the Bridgeport Ranger District, approval was granted on November 20, 2025. In the past, the Aurora district produced 20 million ounces of silver and 1.9 million ounces of gold, with an average of 2.24 ounces of gold per ton from underground grades. Several high-grade epithermal vein systems, including deeper targets Brawley Peak, Sawtooth Ridge, and Polaris, as well as near-surface targets Martinez, Juniata, and Ann, will be tested in the 2026 program. The site has substantial private land and a 600-ton-per-day mill.

Hecla Mining Company (NYSE:HL) reported last quarter revenue of $409.5 million, $100.6 million in net income, and $195.7 million in EBITDA for the previous quarter. The total cash flow from operations was $148 million, with free cash flow of $90.1 million. Net leverage fell to 0.3x, with $133.9 million in cash.

Hecla Mining Company (NYSE:HL) mines and explores silver, gold, zinc, and other metals.

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Disclosure: None. This article is originally published at Insider Monkey.