Athena Gold (AHNRF) Operating Expenses (2010 - 2025)
Athena Gold (AHNRF) reported Operating Expenses of $252,883 for Q4 2025, up 31.1% from $192,824 a year earlier but down 7.6% from the prior quarter.
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Analysis
Athena Gold (AHNRF) Operating Expenses (2010 - 2025) Analysis & Trends
For FY2025, Athena Gold posted Operating Expenses of $1.32 million, up 115.0% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 36.6% (FY2020 to FY2025).
- By year, Operating Expenses came in at $612,117 in FY2024 (-21.9%), $783,592 in FY2023 (-39.7%), $1.3 million in FY2022 (+72.7%) and $752,461 in FY2021 (+171.5%).
- Five-year quarterly Operating Expenses spans a low of $40,414 in Q1 2024 and a high of $526,038 in Q2 2025.
- Year over year, Operating Expenses has now increased in each of the last five quarters, with growth averaging 61.5% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q1 2021 (growth of 626.6%); the low point was Q4 2023 (a decline of 75.4%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $273,650 (Q3 2025), $526,038 (Q2 2025) and $53,377 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.30 Bn | 146.09 Bn | 2.90 Bn | 1.67 Bn |
| 3 | Rio Tinto | 143.04 Bn | 103.54 Bn | - | - |
| 4 | Newmont | 124.35 Bn | 92.35 Bn | 4.03 Bn | 3.02 Bn |
| 5 | Freeport-Mcmoran | 99.09 Bn | 83.13 Bn | 2.19 Bn | 5.03 Bn |
| 6 | Agnico Eagle Mines | 93.47 Bn | 83.11 Bn | 2.43 Bn | 119.48 Mn |
| 7 | Barrick Mining | 69.01 Bn | 44.20 Bn | 2.90 Bn | 165.00 Mn |
| 8 | Nucor | 59.68 Bn | 49.06 Bn | 2.03 Bn | 405.00 Mn |
| 9 | ArcelorMittal | 48.25 Bn | 27.28 Bn | - | -780.00 Mn |
| 10 | Athena Gold | 2.72 Mn | -8.86 Mn | - | 252,883.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 252,883.00 |
| Sep 30, 2025 | 273,650.00 |
| Jun 30, 2025 | 526,038.00 |
| Mar 31, 2025 | 263,742.00 |
| Dec 31, 2024 | 192,824.00 |
| Sep 30, 2024 | 152,496.00 |
| Jun 30, 2024 | 97,799.00 |
| Mar 31, 2024 | 169,241.00 |
| Dec 31, 2023 | 105,932.00 |
| Sep 30, 2023 | 212,006.00 |
| Jun 30, 2023 | 308,422.00 |
| Mar 31, 2023 | 157,232.00 |
| Dec 31, 2022 | 430,468.00 |
| Sep 30, 2022 | 329,793.00 |
| Jun 30, 2022 | 209,359.00 |
| Mar 31, 2022 | 330,154.00 |
| Dec 31, 2021 | 169,464.00 |
| Sep 30, 2021 | 190,274.00 |
| Jun 30, 2021 | 142,943.00 |
| Mar 31, 2021 | 249,780.00 |
API Access
Athena Gold Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=AHNRF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "AHNRF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=AHNRF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();