Hecla Mining HL
NYSE HL
$20.84 +0.39 (+1.88%)
As of: Sep 9, 2026 · 3:59 PM EDT

Hecla Mining (HL) Research & Development (2012 - 2026)

Hecla Mining's (HL) quarterly Research & Development came in at $11.7 million in Q2 2026, up 33.7% on a YoY basis from $8.7 million in Q2 2025, and up 153.05% quarter-over-quarter from $4.6 million in Q1 2026.

Analysis

Hecla Mining (HL) Research & Development (2012 - 2026) Analysis & Trends

Hecla Mining (HL) has reported Research & Development for 15 consecutive years, with $11.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development rose 33.7% year-over-year to $11.7 million; the trailing twelve-month figure through Jun 2026 stood at $30.7 million (up 4.72% YoY), and the FY2025 full-year result was $27.7 million, up 1.55% from the prior year.
  • Research & Development improved to $11.7 million in Q2 2026 per HL's latest filing, from $4.6 million in the prior quarter.
  • Across five years, Research & Development topped out at $15.1 million in Q3 2022 and bottomed at $4.3 million in Q1 2025.
  • Historically, Research & Development has averaged $8.3 million across 5 years, with a median of $6.9 million in 2022.
  • The sharpest annual moves came in 2022 and 2023: Research & Development jumped 91.45% in 2022, then sank 61.22% in 2023.
  • Over 5 years, Research & Development stood at $6.9 million in 2022, then increased by 0.88% to $7.0 million in 2023, then decreased by 17.54% to $5.7 million in 2024, then retreated by 15.02% to $4.9 million in 2025, then jumped by 139.32% to $11.7 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $11.7 million, $4.6 million, and $4.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Coeur Mining 21.60 Bn 20.55 Bn 535.85 Mn -
2 Pan American Silver 20.16 Bn 18.60 Bn 457,000.00 -
3 Hecla Mining 13.94 Bn 13.46 Bn 332.52 Mn 11.68 Mn
4 First Majestic Silver 10.14 Bn 8.89 Bn 223.62 Mn -
5 Endeavour Silver 3.15 Bn 2.92 Bn 74.00 Mn -
6 Silvercorp Metals 2.75 Bn 2.37 Bn 104.04 Mn -
7 Americas Gold & Silver 1.43 Bn 1.34 Bn 22.23 Mn -1.51 Mn
8 Vizsla Silver 1.39 Bn 1.39 Bn - -1.34 Mn
9 New Pacific Metals 1.05 Bn 1.05 Bn - -
10 Santacruz Silver Mining 935.33 Mn 868.31 Mn 51.14 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 11.68 Mn
Mar 31, 2026 4.62 Mn
Dec 31, 2025 4.88 Mn
Sep 30, 2025 9.55 Mn
Jun 30, 2025 8.74 Mn
Mar 31, 2025 4.31 Mn
Dec 31, 2024 5.74 Mn
Sep 30, 2024 10.55 Mn
Jun 30, 2024 6.68 Mn
Mar 31, 2024 4.34 Mn
Dec 31, 2023 6.97 Mn
Sep 30, 2023 13.69 Mn
Jun 30, 2023 6.89 Mn
Mar 31, 2023 4.97 Mn
Dec 31, 2022 6.91 Mn
Sep 30, 2022 15.13 Mn
Jun 30, 2022 11.20 Mn
Mar 31, 2022 12.81 Mn
Dec 31, 2021 12.86 Mn
Sep 30, 2021 17.11 Mn