Hecla Mining Company · NYSE:HL
Hecla Mining — Investor Presentation (April 2026)
68 slides from Hecla Mining's investor presentation, April 2026
Slide 1: April Update
Largest Silver Producer in the U.S. and Canada APRIL UPDATE APRIL 2026 RESPONSIBLE. SAFE. INNOVATIVE.
Slide 2: Cautionary Statements
Cautionary Statements Cautionary Statement Regarding Forward-Looking Statements, Including 2026 Outlook Qualified Person (QP) This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E Kurt D. Allen, MSc., CPG,
Slide 3: Hecla at a Glance
Hecla at a Glance Company Overview Ownership Overview 2 Headquarters Coeur d’Alene, Idaho Stock Ticker NYSE: HL Common Shares Outstanding 670.3M1 Market Capitalization $12.9B2 Cash Position $241.5M1 Long-Term Debt $261.9M1 US$225M Revolving Credit Facility Capacity (+ US$75M Accordion) -1 Dividend (
Slide 4: North America's Premier Silver Producer
North America’s Premier Silver Producer Silver Legacy ▪ Oldest precious metals mining company on the NYSE with 135 years of history Best Jurisdictions ▪ All operations located in the U.S. and Canada Silver Focused ▪ Peer leading silver exposure in revenue and reserves Reserve Dominance ▪ Average res
Slide 5: Our Asset Portfolio: Low Risk Jurisdictions
Our Asset Portfolio: Low Risk Jurisdictions 2024 U.S. Silver Production Yukon Connaught, Dawson, Yukon Rackla, Mayo, Yukon Keno Hill, Mayo, Yukon Hecla, 37% Alaska Other, Greens Creek, Admiralty Island, Alaska 63% Idaho Silver Valley / Star, Wallace, Idaho Lucky Friday, Mullan, Idaho 2024 U.S. Silve
Slide 6: Why Invest in Hecla? Industry Leading Reserve Mine Life
Why Invest in Hecla? Industry Leading Reserve Mine Life 18 Mines sorted by highest to 18 lowest 2025 Gross Profit Colored - Primary Silver Mines Jacobina left to right Uncolored - Primary Gold Mines 16 15 Lucky Friday 14 14 Hecla Avg Reserve 14 13 Mine Life: 13.3 Years Rochester La Colarada 12 Keno
Slide 7: High Grades, Long Reserve Lives, Best Jurisdictions
Why Invest in Hecla? High Grades, Long Reserve Lives, Best Jurisdictions 20 Hecla’s silver portfolio has Rochester an unparalleled Lucky Friday combination of high La Colorada Keno 16 Hill grades, long reserve lives, and best jurisdictions Reserve Mine Life (Years) 12 Greens Creek U.S. / Canada 8 Ot
Slide 8: Peer Leading Silver Exposure
Why Invest in Hecla? Peer Leading Silver Exposure Exposure to Silver Substantial silver revenue 100% exposure Percent of Reserves Based in Silver HL 4Q25 (Pro-Forma ex Casa Berardi) ▪ Hecla (“HL”) derived ~59% of Q4 2025 revenue from silver, 75% and nearly 73% of Q4 revenues excluding Casa PAAS AG B
Slide 9: Expected Robust Free Cash Flow Generation
Expected Robust Free Cash Flow Generation Projected 2026 Consolidated Free Cash Flow(2): ~$850M at $100/oz Silver and $5,500/oz Gold Projected 2026 Consolidated Free Cashflow Price Sensitivity to Silver and Gold $1,000 Full-year 2026 projections include Casa Berardi for only Q1 2026 due to the $900
Slide 10: Medium-Term Outlook Potential: 20 Moz Silver Producer
Medium-Term Outlook Potential: 20 Moz Silver Producer Significant silver production growth potential over medium-term 25 Silver Production Growth $13.06 Potential: 20 Moz $11.76 $11.28 ▪ 17 Moz in 2025 20 ▪ 15.1-16.5 Moz in 2026 ▪ Project pipeline supports 15 potential of 20 Moz over Silver Producti
Slide 11: Midas: Medium-Term Production Growth & Optionality
Midas: Medium-Term Production Growth & Optionality Leveraging existing infrastructure for capital-efficient growth Strategic Value Creation Midas Mill Complex ▪ 2025 successful exploration program has identified high- grade gold intercepts ▪ Infrastructure and permitting advantage ▪ Permitted ±1,200
Slide 12: Low-cost Profile Silver Assets
Low-cost Profile Silver Assets 2025 Actual AISC(4): Hecla Is Strongly Positioned at the Lower End of the Silver Cost Curve $/oz AISC Silver Peers* Hecla Silver Production (Kt) * Peers include Coeur Mining, Fortuna, Fresnillo, Pan American Silver, First Majestic Silver, Endeavour Silver 12
Slide 13: Capital Allocation: Disciplined Strategy Driving Value Creation
Capital Allocation: Disciplined Strategy Driving Value Creation Safety & Balance Sheet Sustaining & Strategic Shareholder Environmental Exploration Strength/ Growth Capital Investments Returns Excellence Deleveraging Conceptual Asymmetric Potentially - 10 - 15% 5-7% - Returns Potential Significant ▪
Slide 14: Safety – The Foundation to Success
Safety – The Foundation to Success Operational excellence starts here Hecla: 10 Year Total Reportable Injury Frequency History (TRIFR) Operational Achievements & Goals 5.0 ▪ 2024: Re-commitment to Safety 4.5 Values – Safety Day and roll-out of Safety 365: Work Safe. Home Safe. 4.0 2025 TRIFR 1.69 3.
Slide 15: Our Operations
OUR OPERATIONS Silver mines are in the best third of cost curve RESPONSIBLE. SAFE. INNOVATIVE. 15
Slide 16: Greens Creek: Cornerstone Mine, Foundation Of Our Future
Greens Creek: Cornerstone Mine, Foundation Of Our Future Metals Location Reserve Mine Plan 2024 Economic Impact Ag, Au, Pb, Zn, Cu Alaska 12 Years $266M Ag Reserves & Resources Cumulative Free Cash Flow (2) (Billions $) As of December 31, 2025 3.0 2.4 2.0 1.0 P&P : 106 Moz 1.0 - M&I : 89 Moz 2006 20
Slide 17: Potential Value Extraction From Tails
Potential Value Extraction From Tails Tailings as of December 2025: ▪ 10.4 million DST of tailings consisting of ▪ 50 Moz of Silver (5 oz/ton or 165 grams/tonne (”gpt”)) ▪ 567 Koz of Gold (~2 gpt) ▪ 309 Mlbs of Zinc Metals in tailings ▪ 203 Mlbs of Lead represent ~$6.8B in ▪ 27 Mlbs of Copper gross
Slide 18: Lucky Friday: 2nd Cornerstone Mine
Lucky Friday: 2nd Cornerstone Mine Metals Location Reserve Mine Plan 2024 Economic Impact Ag, Pb, Zn Idaho 15 Years $171M Ag Reserves & Resources Silver Production 47* (Moz) by Decade* ~2x 44* As of December 31, 2025 (Projected) 29 29 26 27 23 P&P : 72 Moz 19 M&I : 41 Moz Inferred : 26 Moz 1961-1969
Slide 19: Underhand Closed Bench (UCB) Method
Underhand Closed Bench (UCB) Method Large-scale blasting proactively helps manage seismic risk and increases throughput More innovative: uses Safer: miners work advanced drilling and blasting below engineered techniques to fragment the backfill and above a de- mineralized ore zone stressed zone More
Slide 20: Lucky Friday Major Projects & Business Improvement Initiatives
Lucky Friday Major Projects & Business Improvement Initiatives Lucky Friday Projects ▪ Surface Cooling Project on track for mid-2026 completion ▪ Pond 5 tailings project advancing, expanding tailings capacity projected to 2044 ▪ Further (medium to long-term) operational upside potential from: ▪ Swit
Slide 21: Keno Hill: Largest Silver Producer In Canada
Keno Hill: Largest Silver Producer In Canada Metals Location Reserve Mine Plan 2024 Economic Impact Ag, Pb, Zn Yukon 13 Years $179M Ag Reserves & Resources Projected Free Cash Flow(2) at 440 Tons Per Day As of December 31, 2025 $400 Silver price $/oz 2024-2039 $30 $50 $75 $100 P&P : 53 Moz IRR life
Slide 22: Path to 440 Tons Per Day
Path to 440 Tons Per Day Path to 440 TPD Progress Tracker 2025 Mill Throughput ▪ Cemented tails batch plant to facilitate underhand mining if necessary Silver production of 3.02 Moz at Completed ▪ Cemented tails batch plant permit authorization 297 tons per day mill throughput (already received, pla
Slide 23: Financial Review
FINANCIAL REVIEW RESPONSIBLE. SAFE. INNOVATIVE. 23
Slide 24: 2025 Year in Review
2025 Year in Review Balance sheet transformation. Operational excellence. Cash flow excellence. ROIC leadership. 2025 Guidance Overview 2025 Performance Review Actual vs. December 31, December 31, 2025 Actual Guidance Guidance 2025 2024 Silver Gross Leverage Production 17.0 16.2 – 17.0 0.4x 1.6x Rat
Slide 25: Q4 2025 Financial Highlights and Capital Allocation
Q4 2025 Financial Highlights and Capital Allocation Silver accounts for nearly 75% Q4 Revenues of Q4 revenues 1.6 $439M* 7% excluding Casa $670 1.4 5% Berardi** Net Debt to 1.2 Adjusted EBITDA $506 1 Silver accounts ($ millions) Adjusted 0.8 for 59% of Q4 29% EBITDA (1) 59% 0.6 revenues 0.3x Net lev
Slide 26: Q4 2025 Financial Highlights
Q4 2025 Financial Highlights Cash and Cash Equivalents – Last Twelve Months Net Debt – Last Twelve Months in millions $ in millions $ 241.6 545.0 Silver accounts for 59% of Q4 revenues 268.2 26.9 143.8 34.2 FY 2024 FY 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 Revenues By Operation Ag Au Zn Pb 11% 9% 3
Slide 27: Exploration
EXPLORATION RESPONSIBLE. SAFE. INNOVATIVE. 27
Slide 28: Strategic Value Creation through Exploration
Strategic Value Creation through Exploration 2026 $55 Million investment an all-time record – represents 4.5% of projected revenue Near Mine: $24 Million Nevada Growth: $16 Million Early-Stage/Generative: $10 Million ▪ Extends mine life ▪ Midas, Aurora, and Hollister ▪ Silver Valley and Generative e
Slide 29: Greens Creek – Extending Mineralization Underground While Advancing Surface Exploration
Greens Creek – Extending Mineralization Underground While Advancing Surface Exploration UG Exploration Results Underground Surface ▪ Gallagher mineralization extended 550’ feet down Hawk Areas Target Inlet Prospective Rocks Cover Rocks Young Bay plunge from existing resource Hecla Claims Dock Cover
Slide 30: Keno Hill Bermingham Discovery – High-Grade Intercepts Indicate New Ore Shoot
Keno Hill Bermingham Discovery – High-Grade Intercepts Indicate New Ore Shoot: Continuing the Trend of Growth in 2025 ▪ Cluster of high-grade intercepts 500’ down-plunge from reserve. ▪ District Exploration: ▪ Initial interpretation suggests shallow-plunging geometry ▪ Significant exploration potent
Slide 31: Value Surfacing Opportunities in Nevada
Value Surfacing Opportunities in Nevada Significant exploration potential, Minimal regulatory hurdles, Existing infrastructure Midas ▪ Fully permitted mill with tailings capacity ▪ 2.2 Moz gold, 27.0 Moz silver produced historically at 0.5 oz/ton gold equivalent ▪ Historic production of 0.5 Moz gold
Slide 32: Nevada Midas: Breakthrough Discoveries with Visible Gold and High-Grade Results
Nevada Midas: Breakthrough Discoveries with Visible Gold and High-Grade Results Two new very strong early results from Pogo and Sinter target areas ▪ Pogo & Sinter Offset Targets: High-grade Midas Milling Potential Midas District Targets gold intersections at both targets in 2025 with follow-up 75 M
Slide 33: Nevada Midas – Continued High-Grade Results at Sinter Offset
Nevada Midas – Continued High-Grade Results at Sinter Offset Step-out along strike 720 feet intersects 0.46 oz/ton gold over 6.1 feet Sinter Offset Drilling A SINTER VEIN LONGITUDINAL SECTION A` ▪ DMC-462 - Initial drillhole intercepted a 1- (Looking NE) foot vein within a broader (21 feet) zone of
Slide 34: Nevada Aurora - Final Exploration Permit Record of Decision Received
Nevada Aurora - Final Exploration Permit Record of Decision Received First step in unlocking the exploration potential of one of the highest-grade districts in Nevada Second Step: Significant drilling of our high-priority targets in 2026, with second quarter target start ▪ Historic production averag
Slide 35: 2026 Guidance
2026 GUIDANCE RESPONSIBLE. SAFE. INNOVATIVE. 35
Slide 36: 2026 Guidance: Strong Margins Maintained
2026 Guidance: Strong Margins Maintained Silver Production (Moz) Gold Production (Koz) Greens Creek 7.5 – 8.1 51.0 – 55.0 2026 Production Lucky Friday 4.7 – 5.2 N/A Outlook Keno Hill 2.9 – 3.2 N/A 2026 Total 15.1 – 16.5 51.0 – 55.0 Casa Berardi (Q1 2026)* N/A 14.0 – 17.0 Cash cost, after by-product
Slide 37: Silver Market
SILVER MARKET RESPONSIBLE. SAFE. INNOVATIVE. 37
Slide 38: The World's Growing Needs For Silver
The World’s Growing Needs For Silver Five distinct periods of silver demand, three that Despite decrease in photographic demand, total are strengthening demand increased 30%, or 269Moz due to the increase in industrial and investment demand ▪ Monetary by governments (2000 BC to 1936 AD) ▪ Photograph
Slide 39: Silver Supply And Demand
Silver Supply And Demand 2024 SILVER DEMAND: 1,164 Moz 2024 SILVER SUPPLY: 1,015 Moz Other 3% Jewelry and Recycling Silverware Photo Mine Prod. - Other voltaics 19% Primary Silver 23% 24% 29% 23% Brazing Alloys Investment 8% Electronics Mine Prod. - Silver as a by- 16% and Electrical product 39% Ind
Slide 40: Silver Deficit Is Expected To Continue
Silver Deficit Is Expected To Continue Moz $/oz $38 1,200 $34 700 1,284 1,199 1,164 1,148 $30 1,102 993 973 1,001 1,006 929 200 $26 $22 300 1,025 1,014 1,016 974 1,023 1,035 998 1,015 1,031 1,057 $18 800 $14 Demand Supply Net Market Position Silver Price 1,300 $10 2016 2017 2018 2019 2020 2021 2022
Slide 41: Solar Will Be The Largest Source Of Electricity
Solar Will Be The Largest Source Of Electricity 1 Gigawatt (GW) of solar capacity requires 0.45Moz of silver U.S. Electricity Generation Sources: 2000-2050 2022 Solar projected to be 33% of total Gigawatt history | projections U.S. energy generation by 2050 6,000 5,000 4,000 Solar 3,000 Wind 2,000 N
Slide 42: More Efficient Photovoltaic Technologies Use More Silver
More Efficient Photovoltaic (PV) Technologies Use More Silver And Are Gaining Market Share Silver Content in PV Technologies Market Share of PV Technologies Mg Silver/Watt Higher silver using technologies are gaining 22 market share PV Installations Newer, more efficient Gigawatts PERC TopCon HJT Ot
Slide 43: Sustainability
SUSTAINABILITY Our sustainable Corporate Governance responsibilities RESPONSIBLE. SAFE. INNOVATIVE. 43
Slide 44: Sustainability Rating Agency Scores: Significant Improvements Since 2019
Sustainability Rating Agency Scores: Significant Improvements Since 2019 Agency Progression in ESG Scores ▪ Overall Score increased from 53rd 38 40 39 percentile to 77th percentile ▪ Environmental Score increased to 24 83rd percentile 15 13 ▪ Social Score increased to 70th percentile 2019 2020 2021
Slide 45: ESG Performance And Ratings
ESG Performance And Ratings Ranking: 40 Score: 32.1 (0 best, 100 worst) 76th Percentile Industry 56/107, 52nd percentile Subindustry 18/25, 71st percentile Rating: A Rating: C Score: 6.3 Environment: 5 (1 best, 10 worst) Social: 6 (1 best, 10 worst) Governance: 3 (1 lower, 10 higher) 45
Slide 46: Hecla Is Among The Safest Mining Companies
Hecla Is Among The Safest Mining Companies Implemented NMA’s CORE Safety standards in 2012, became industry leader All-Injury Frequency Rate Hecla’s 1.69 rate has seen a 6.06 72% reduction since 2012 5.35 5.41 4.57 3.42 2.76 2.00 1.86 1.61 1.69 1.22 1.45 1.22 1.45 2012 2013 2014 2015 2016 2017 2018
Slide 47: Committed To Our Communities
Committed To Our Communities Total economic impact in 2024 Largest private employer within the communities we operate, jobs and $1B+ benefits that last a lifetime Hecla Corporate ▪ Total direct economic impact of over $1 $130M $2M billion Greens Creek San Sebastian $266M $4M ▪ More than $1M in schol
Slide 48: End Notes
End Notes 1. Net debt to adjusted EBITDA is a non-GAAP measurement, a reconciliation of adjusted EBITDA and net debt to the closest GAAP measurements of net income (loss) and debt can be found in the appendix. It is an important measure for management to measure relative indebtedness and the ability
Slide 49: GAAP Reconciliations
GAAP RECONCILIATIONS RESPONSIBLE. SAFE. INNOVATIVE. 49
Slide 50: Adjusted EBITDA
Adjusted EBITDA Reconciliation of Net Income (GAAP) to Adjusted EBITDA (non-GAAP) Last Twelve Months 2025 2024 Dollars in thousands (USD) Net income $ 321,712 $ 35,802 Interest expense 41,581 49,834 Income and mining tax expense 157,467 30,414 Depreciation, depletion and amortization 165,570 190,471
Slide 51: Cash Cost And AISC Reconciliation To GAAP
Cash Cost And AISC Reconciliation To GAAP Silver Total Cost of Sales (GAAP) to Cash Cost, Before By-product Credits and Cash Cost, After By-product Credits (non-GAAP) and All-In Sustaining Costs, Before By-product Credits, per Ounce and All-In Sustaining Costs, After By-product Credits, per Ounce (n
Slide 52: Cash Cost And AISC Reconciliation To GAAP: Greens Creek
Cash Cost And AISC Reconciliation To GAAP Greens Creek Total Cost of Sales (GAAP) to Cash Cost, Before By-product Credits and Cash Cost, After By-product Credits (non-GAAP) and All-In Sustaining Costs, Before By-product Credits, per Ounce and All-In Sustaining Costs, After By-product Credits, per Ou
Slide 53: Cash Cost And AISC Reconciliation To GAAP: Lucky Friday
Cash Cost And AISC Reconciliation To GAAP Lucky Friday Total Cost of Sales (GAAP) to Cash Cost, Before By-product Credits and Cash Cost, After By-product Credits (non-GAAP) and All-In Sustaining Costs, Before By-product Credits, per Ounce and All-In Sustaining Costs, After By-product Credits, per Ou
Slide 54: Cash Cost And AISC Reconciliation To GAAP: Casa Berardi
Cash Cost And AISC Reconciliation To GAAP Casa Berardi Total Cost of Sales (GAAP) to Cash Cost, Before By-product Credits and Cash Cost, After By-product Credits (non-GAAP) and All-In Sustaining Costs, Before By-product Credits, per Ounce and All-In Sustaining Costs, After By-product Credits, per Ou
Slide 55: Free Cash Flow (Non-GAAP) Reconciliation
Free Cash Flow (Non-GAAP) Reconciliation Q4 2025 Reconciliation of cash provided by operating activities (GAAP) to Free Cash Flow (non-GAAP) for All Operations Greens Creek Lucky Friday Keno Hill Casa Berardi in millions Cash provided by operating activities 101.9 56.9 33.0 50.2 Additions to propert
Slide 56: Free Cash Flow (Non-GAAP) Reconciliation
Free Cash Flow (Non-GAAP) Reconciliation Reconciliation of cash provided by operating activities (GAAP) to Free Cash Flow (non-GAAP) 2025 2024 Q1-2025 Q2-2025 Q3-2025 Q4-2025 Dollars in millions (USD) Cash provided by operating activities 562.6 218.3 35.7 161.8 148.0 217.1 Less: Capital additions (2
Slide 57: Cash Cost And AISC Reconciliation to GAAP
Cash Cost And AISC Reconciliation to GAAP Reconciliation of 2024 cash costs and all-in sustaining costs (“AISC”) to total cost of sales (GAAP) Total Cost of Sales (GAAP) to Cash Cost, Before By-product Credits and Cash Cost, After By-product Credits (non-GAAP) and All-In Sustaining Costs, Before By-
Slide 58: Mineral Reserves and Resources
MINERAL RESERVES AND RESOURCES RESPONSIBLE. SAFE. INNOVATIVE. 58
Slide 59: Mineral Reserves – 12/31/2025 (1/4)
Mineral Reserves – 12/31/2025(1) (1/4) Proven Reserves(1) Silver Gold Lead Zinc Silver Gold Lead Zinc Asset Location Ownership Tons (000) (oz/ton) (oz/ton) % % (000 oz) (000 oz) Tons Tons Greens 100.0% 13 23.93 0.120 3.0 7.8 309 1.5 390 1,000 Creek (2,3) Lucky 100.0% 4,747 11.82 - 7.5 3.8 56,096 - 3
Slide 60: Mineral Reserves – 12/31/2025 (2/4)
Mineral Reserves – 12/31/2025(1) (2/4) Probable Reserves(7) Silver Gold Lead Zinc Silver Gold Lead Zinc Asset Location Ownership Tons (000) (oz/ton) (oz/ton) % % (000 oz) (000 oz) Tons Tons Greens 100.0% 10,166 10.41 0.083 2.3 6.3 105,788 841 237,730 637,130 Creek (2,3) Lucky 100.0% 1,636 9.47 - 6.0
Slide 61: Mineral Reserves – 12/31/2025 (3/4)
Mineral Reserves – 12/31/2025(1) (3/4) Proven and Probable Reserves Silver Gold Lead Zinc Silver Gold Lead Zinc Asset Location Ownership Tons (000) (oz/ton) (oz/ton) % % (000 oz) (000 oz) Tons Tons Greens 100.0% 10,179 10.42 0.083 2.3 6.3 106,097 842 238,120 638,130 Creek (2,3) Lucky 100.0% 6,383 11
Slide 62: Mineral Reserves – 12/31/2025 (4/4)
Mineral Reserves – 12/31/2025(1) (4/4) 1. The term “reserve” means an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically minea
Slide 63: Mineral Resources - 12/31/2025 (1/6)
Mineral Resources - 12/31/2025(8) (1/6) Measured Resources(9) Silver Gold Lead Zinc Copper Silver Gold Lead Zinc Copper Asset Location Ownership Tons (000) (oz/ton) (oz/ton) % % % (000 oz) (000 oz) (Tons) (Tons) (Tons) Greens Creek(12,13) 100.0% - - - - - - - - - - - Lucky Friday(12,14) 100.0% 1,806
Slide 64: Mineral Resources - 12/31/2025 (2/6)
Mineral Resources - 12/31/2025(8) (2/6) Indicated Resources(10) Silver Gold Lead Zinc Copper Silver Gold Lead Zinc Copper Asset Location Ownership Tons (000) (oz/ton) (oz/ton) % % % (000 oz) (000 oz) (Tons) (Tons) (Tons) Greens Creek(12,13) 100.0% 5,844 15.17 0.112 3.4 8.9 - 88,655 653 200,430 522,5
Slide 65: Mineral Resources - 12/31/2025 (3/6)
Mineral Resources - 12/31/2025(8) (3/6) Measured & Indicated Resources Silver Gold Lead Zinc Copper Silver Gold Lead Zinc Copper Asset Location Ownership Tons (000) (oz/ton) (oz/ton) % % % (000 oz) (000 oz) (Tons) (Tons) (Tons) Greens Creek(12,13) 100.0% 5,844 15.17 0.112 3.4 8.9 - 88,655 653 200,43
Slide 66: Mineral Resources - 12/31/2025 (4/6)
Mineral Resources - 12/31/2025(8) (4/6) Inferred Resources(11) Silver Gold Lead Zinc Copper Silver Gold Lead Zinc Copper Asset Location Ownership Tons (000) (oz/ton) (oz/ton) % % % (000 oz) (000 oz) (Tons) (Tons) (Tons) Greens Creek(12,13) 100.0% 1,431 16.29 0.107 3.2 8.0 - 23,314 153 45,720 113,910
Slide 67: Mineral Resources - 12/31/2025 (5/6)
Mineral Resources - 12/31/2025(8) (5/6) Note: All estimates are in-situ except for the proven reserves at Greens Creek which are in surface stockpiles. Mineral resources are exclusive of reserves. 8. The term "mineral resources" means a concentration or occurrence of material of economic interest in
Slide 68: Mineral Resources - 12/31/2025 (6/6)
Mineral Resources - 12/31/2025(8) (6/6) 16. Mineral resources for Fire Creek, Hollister and Midas are reported using a minimum mining width of four feet or the vein true thickness plus two feet, whichever is greater. 17. Fire Creek underground mineral resources are reported at a gold equivalent cut-
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