# Hecla Mining: Silver Play

> Hecla Mining's silver value waits for price surge or resource conversion.
- Title: Hecla Mining: Silver Play · Seekingalpha | Shortify
- Summary: Hecla Mining's silver value waits for price surge or resource conversion. Hecla Mining trades at a premium P/NAV requiring silver >$65 for upside.
- Keywords: hecla mining, silver, nyse hl, p/nav, resource conversion, silver prices, money, business, Hecla, Mining, Play, Seekingalpha
- Source: Seekingalpha — https://seekingalpha.com/article/4955912-hecla-mining-great-company-wait-and-watch-value
- Author: Sidharth Kumar
- Published: 2026-10-21T14:57:14+00:00
- Read time: 1 min
- Topics: hecla mining, silver, nyse hl, p/nav, resource conversion, silver prices, money, business
## Hecla Mining Overview
Hecla Mining is the largest US/Canada silver producer with three operating mines.
## Recent Strategy Shift
Hecla sold Casa Berardi to become a near-pure silver play.
## Financial Position
HL trades at 1.47x P/NAV requiring silver >$65 for upside.
## Investment Advice
Buy HL below $12.50 or on sustained silver rally for optionality.
## Key takeaway

Hecla Mining trades at a premium P/NAV requiring silver >$65 for upside.