Hecla Mining Files 8-K Recasting Financials After Casa Berardi Sale

What Happened

• Hecla Mining Company filed a Form 8‑K on August 28, 2026 announcing recast financial information for its 2025 Form 10‑K (originally filed Feb. 17, 2026) and Q1 2026 Form 10‑Q (originally filed May 5, 2026).
• The recast reflects the March 25, 2026 closing of the sale of Hecla Quebec Inc. (owner of the Casa Berardi mine) to Orezone Gold Corporation for up to $602.2 million (undiscounted). Casa Berardi is presented as a discontinued operation for all periods shown.
• The company also conformed its income‑statement presentation (effective beginning with the Q2 2026 Form 10‑Q filed Aug. 4, 2026), removing the "Total Cost of Sales" and "Gross Profit" line items and renaming "ramp‑up and suspension costs" to "care and maintenance."

Key Details

• Sale closed: March 25, 2026; buyer: Orezone Gold Corporation; consideration: up to $602.2 million (undiscounted).
• Recast filings: portions of the 2025 Form 10‑K (Business, Properties, MD&A, Financial Statements) and portions of the Q1 2026 Form 10‑Q (Financial Statements and MD&A) were updated to reflect the discontinued operation and presentation changes.
• Income statement changes: removal of "Total Cost of Sales" and "Gross Profit" lines; reclassification of certain 2023–2024 amounts to conform with 2025 presentation; "ramp‑up and suspension costs" relabeled "care and maintenance."
• The 8‑K notes these are recasts for presentation of the Casa Berardi disposal and presentation changes; other items in the original filings were not otherwise updated.

Why It Matters

• For investors, Casa Berardi’s results are now excluded from Hecla’s continuing operations and segment reporting, which affects comparability of historical results and metrics (revenues, margins, segment performance).
• The income‑statement presentation changes (removing gross profit/cost‑of‑sales lines and renaming costs) alter how costs and profitability will be displayed going forward; investors should use the recast filings and subsequent quarterly reports for consistent comparisons.
• This 8‑K does not broadly amend other disclosures in the original filings beyond the specified recasts; review the updated exhibits and later SEC filings (including Q2 2026 reports) for further developments.