Athena Gold (AHNRF) Research & Development (2010 - 2025)
Athena Gold's Research & Development was $165,695 in Q3 2025, up 129.5% from $72,185 a year earlier but down 34.5% from the prior quarter.
Powered by 
Analysis
Athena Gold (AHNRF) Research & Development (2010 - 2025) Analysis & Trends
On a trailing twelve-month basis, Athena Gold's Research & Development was $524,114 through Sep 30, 2025, up 230.3% year-over-year; for FY2024, it came in at $186,764, down 46.8% from FY2023.
- Research & Development shows a five-year compound annual growth rate of 36.1% (FY2019 to FY2024).
- In earlier years, Research & Development was $351,132 in FY2023 (-43.1%), $617,262 in FY2022 (+347.3%), $137,983 in FY2021 (+54.1%) and $89,550 in FY2020 (+123.9%).
- Quarterly Research & Development has moved between $9,367 (Q4 2021) and $252,863 (Q2 2025) over five years.
- Compared with a year earlier, Research & Development was higher in four of the last seven quarters, with growth averaging 29.1%.
- The best year-over-year quarter for Research & Development over five years was Q1 2022 (growth of 439.7%); the worst was Q1 2023 (a decline of 91.3%).
- Per Business Quant data, AHNRF's Research & Development in the three quarters before Q3 2025 was $252,863 (Q2 2025), $53,377 (Q1 2025) and $52,179 (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 14.90 Mn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 47.00 Mn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 53.00 Mn |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 134.00 Mn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | - |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | - |
| 10 | Athena Gold | 5.15 Mn | -3.50 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 165,695.00 |
| Jun 30, 2025 | 252,863.00 |
| Mar 31, 2025 | 53,377.00 |
| Dec 31, 2024 | 52,179.00 |
| Sep 30, 2024 | 72,185.00 |
| Jun 30, 2024 | 21,986.00 |
| Mar 31, 2024 | 40,414.00 |
| Dec 31, 2023 | 24,109.00 |
| Sep 30, 2023 | 122,826.00 |
| Jun 30, 2023 | 187,429.00 |
| Mar 31, 2023 | 16,768.00 |
| Dec 31, 2022 | 167,912.00 |
| Sep 30, 2022 | 143,287.00 |
| Jun 30, 2022 | 113,497.00 |
| Mar 31, 2022 | 192,566.00 |
| Dec 31, 2021 | 9,367.00 |
| Sep 30, 2021 | 66,840.00 |
| Jun 30, 2021 | 26,099.00 |
| Mar 31, 2021 | 35,677.00 |
| Dec 31, 2020 | 37,396.00 |
API Access
Athena Gold Research & Development 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=research-and-development&ticker=AHNRF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=AHNRF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();