Hecla Mining's stock soared 9.25% during intraday trading on Wednesday, driven by a combination of robust quarterly results, a significant asset sale, and favorable sector conditions.

The silver miner reported fourth-quarter revenue of $448.11 million, an 83% year-over-year increase that significantly surpassed analyst expectations. Adjusted earnings per share of 22 cents also beat estimates. The company simultaneously announced the sale of its Casa Berardi gold mine for up to $593 million in the first quarter of 2026, with analysts noting the proceeds would strengthen its balance sheet.

Further bolstering sentiment, Hecla announced it would double its exploration and pre-development spending to $55 million in 2026. The move comes amid a rally in precious metals, with spot silver gaining 3.3% as investors awaited key U.S. Federal Reserve communications.