What move does the options market price into Hecla Mining's report?

Implied ±6.4%, either direction.

How often does Hecla Mining move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

HLNYSEMining & Quarrying of Nonmetallic Minerals (No Fuels)

Hecla Mining Co (HL) earnings date, market-implied expected move, and options open interest by expiry

13.54

Closed17:49 ET

Open14.10Volume29.9MMkt cap$9.1BP/E27.08EPS0.50Div yield0.11%

Day13.19 – 14.1835%52-wk11.80 – 34.158%

Hecla Mining Co

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.4%implied · report alone

8Q avg ±10.6%·×0.60·cheap

12.6714.39

straddle ±7.8%

spot 13.53exp Nov 6ATM strike 13.5ATM straddle 1.24IV 83%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 3 days

est.Q3 FY26

Calendar

Next report

Last report

+7.47%

vs ±7.9% implied · ×0.94

shaded = implied · ▲▼ = realized

Aug 4 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−3.46%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

590 managers

Top fund weight

0.36%

HL weight · FTC

N-PORTJul 31 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Hecla Mining (HL) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±6.9%
avg realized: ±10.6%

Feb 13 '25Feb 13 '25confirmed±4.0%▼−14.60%×3.61

May 1 '25May 1 '25confirmed±4.2%▼−17.00%×4.04

Aug 6 '25Aug 6 '25confirmed±5.1%▲+18.17%×3.55

Q3 FY25Nov 5 '25confirmed±7.2%▲+11.89%×1.66

Jan 26 '26Jan 26 '26confirmed±10.3%▼−5.78%×0.56

Feb 17 '26Feb 17 '26confirmed±9.5%▲+3.67%×0.39

Q1 FY26May 5 '26confirmed±7.1%▲+6.45%×0.90

Q2 FY26Aug 4 '26confirmed±7.9%▲+7.47%×0.94

quarterimplied−20%0+20%realized×

Q2 FY26±7.9%▲+7.47%×0.94

Q1 FY26±7.1%▲+6.45%×0.90

Feb '26±9.5%▲+3.67%×0.39

Jan '26±10.3%▼−5.78%×0.56

Q3 FY25±7.2%▲+11.89%×1.66

Aug '25±5.1%▲+18.17%×3.55

2 older reports

May '25±4.2%▼−17.00%×4.04

Feb '25±4.0%▼−14.60%×3.61

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 7 expiries · Oct 26 close

1.00OI · 7 expiries · Oct 26 closeP/C open interest · Nov 6 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,810+12%Nov 65d1,802+3%

872+3%Nov 1312d0.392,210+19%0.39

17,0610%Nov 2019d0.6426,664+1%0.64

1,106+2%Nov 2726d2.86387−1%2.86

30,1890%Dec 1847d0.7142,460+2%0.71

2 later expiries

117,3890%Jan 1575d0.65180,1150%0.65

7,704+1%Mar 19138d0.1843,7700%0.18

ExpiryPutsCallsP/C

Nov 65d1,810+12%1,802+3%1.00

Nov 1312d872+3%2,210+19%0.39

Nov 2019d17,0610%26,664+1%0.64

Nov 2726d1,106+2%387−1%2.86

Dec 1847d30,1890%42,460+2%0.71

2 later expiries

Jan 1575d117,3890%180,1150%0.65

Mar 19138d7,704+1%43,7700%0.18

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±7.8%

Funds 4

FTC±0.0%

MDY±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

35.31%as filednet margin · revenue −18.86% QoQ · +52.45% YoY

Revenue

$334M−18.86% QoQ

Gross profit

$217M−14.49% QoQ

64.87% margin

Operating income

$146M−34.70% QoQ

43.64% margin

Pre-tax income

$137M−36.61% QoQ

Net income

$118M+719.49% QoQ

35.31% margin

Cost of revenue

$117M−25.85% QoQ

Operating expenses

$71M+135.07% QoQ

Depreciation $37M

SG&A $15M

Exploration $12M

Other operating $7M

Other expense

$17M

Tax

$19M−63.13% QoQ

Revenue$334M−18.86%

Gross profit

$217M−14.49%

64.87% margin

Operating income

$146M−34.70%

43.64% margin

Pre-tax income

$137M−36.61%

Net income

$118M+719.49%

35.31% margin

Cost of revenue

$117M−25.85%

Operating expenses

$71M+135.07%

Depreciation $37M

SG&A $15M

Exploration $12M

Other expense

$17M

Tax$19M−63.13%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 17:45 ET

Intraday

Event sensitivity

NFP ×1.46· ±4.3% vs ±2.9% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±4.3%7 of 10×1.46

PPIproducer prices±4.1%4 of 10×1.41

GDPgross domestic product±3.3%11 of 19×1.14

PCEpersonal income & outlays±3.0%10 of 19×1.02

FOMCrate decision±3.0%7 of 24×1.01

CPROFcorporate profits±2.8%7 of 12×0.95

CPIconsumer prices±2.4%4 of 10×0.82

Bar = avg |move| to ±5% · tick = ±2.9% avg day · ×base = |move| ÷ ±2.9% · min 6 releases

Earnings history

EPS 0.17 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 4 '26 · confirmed	0.17	—
Q1 FY26	May 5 '26 · confirmed	-0.03	—
Q3 FY25	Nov 5 '25 · confirmed	0.15	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod