Athena Gold (AHNRF) Return on Capital Employed (2011 - 2025)
Athena Gold (AHNRF) reported Return on Capital Employed of 15.7% for Q4 2025, down 669.0% on a YoY basis from 2.76% in Q4 2024, and down 10.61% quarter-over-quarter from 14.19% in Q3 2025.
Athena Gold (AHNRF) Return on Capital Employed (2011 - 2025) Analysis & Trends
Athena Gold has reported Return on Capital Employed for 15 years, with the latest figure at 15.7% in Q4 2025.
- For the quarter ending Q4 2025, Return on Capital Employed fell 669.0% year-over-year to 15.7%; the trailing twelve-month figure through Dec 2025 stood at 15.7% (down 669.0% YoY), and the FY2025 full-year result was 18.91%, down 892.0% from the prior year.
- Return on Capital Employed for Q4 2025 stood at 15.7%, down from 14.19% in the prior quarter.
- The five-year high for Return on Capital Employed was 9.0% in Q4 2024, with the low at 2338.44% in Q1 2021.
- Historically, Return on Capital Employed has averaged 174.08% across 5 years, with a median of 16.45% in 2025.
- Annual changes were most pronounced in 2021 — Return on Capital Employed plunged 234215 bps — and 2022, when it soared 232403 bps.
- Athena Gold's Return on Capital Employed stood at 23.11% in 2021, then grew by 7 bps to 21.41% in 2022, then jumped by 40 bps to 12.87% in 2023, then soared by 30 bps to 9.0% in 2024, then plunged by 74 bps to 15.7% in 2025.
- The last three Return on Capital Employed figures came in at 15.7% (Q4 2025), 14.19% (Q3 2025), and 14.08% (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Triple Flag Precious Metals | 37.84 Bn | 37.77 Bn | 77.21 Mn | 13.91% |
| 2 | Buenaventura Mining | 10.77 Bn | 10.77 Bn | - | 20.90% |
| 3 | Hecla Mining | 9.72 Bn | 9.11 Bn | 253.26 Mn | 8.29% |
| 4 | Perpetua Resources | 2.83 Bn | 2.83 Bn | - | -20.38% |
| 5 | Versamet Royalties | 2.41 Bn | 2.40 Bn | - | - |
| 6 | Metalla Royalty & Streaming | 2.10 Bn | 2.09 Bn | 2.79 Mn | -0.02% |
| 7 | Sibanye Stillwater | 1.84 Bn | 838.91 Mn | - | - |
| 8 | Avino Silver & Gold Mines | 1.57 Bn | 1.43 Bn | - | 14.71% |
| 9 | Solaris Resources | 1.41 Bn | 1.39 Bn | - | -96.34% |
| 10 | Athena Gold | - | - | - | -15.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -15.70% |
| Sep 30, 2025 | -14.19% |
| Jun 30, 2025 | -14.08% |
| Dec 31, 2024 | -9.00% |
| Sep 30, 2024 | -9.45% |
| Jun 30, 2024 | -11.60% |
| Dec 31, 2023 | -12.87% |
| Sep 30, 2023 | -17.84% |
| Jun 30, 2023 | -20.17% |
| Mar 31, 2023 | -19.29% |
| Dec 31, 2022 | -21.41% |
| Sep 30, 2022 | -17.21% |
| Jun 30, 2022 | -15.05% |
| Mar 31, 2022 | -14.42% |
| Dec 31, 2021 | -23.11% |
| Sep 30, 2021 | -236.94% |
| Jun 30, 2021 | -322.65% |
| Mar 31, 2021 | -2,338.44% |
| Dec 31, 2020 | 397.27% |
| Mar 31, 2020 | 3.70% |