Hecla Mining (HL) Research & Development (2012 - 2026)
Hecla Mining's Research & Development came in at $11.68 million for Q2 2026, up 33.7% from $8.74 million a year earlier and up 153.1% from the prior quarter.
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Analysis
Hecla Mining (HL) Research & Development (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Hecla Mining reported Research & Development of $30.73 million, up 4.7% year-over-year; for FY2025, it was $27.75 million, up 1.6% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 8.7% (FY2020 to FY2025).
- Going back by year, Research & Development was $27.32 million in FY2024 (-16.0%), $32.51 million in FY2023 (-29.4%), $46.04 million in FY2022 (-3.9%) and $47.9 million in FY2021 (+161.8%).
- The Q2 2026 figure represents the highest quarterly Research & Development since Q3 2023.
- Year-over-year, Research & Development increased in three of the last eight quarters, with growth averaging 0.7%.
- The fastest year-over-year change in Research & Development over five years came in Q3 2021 (growth of 310.7%), and the weakest in Q1 2023 (a decline of 61.2%).
- Business Quant data shows HL's Research & Development at $4.62 million (Q1 2026), $4.88 million (Q4 2025) and $9.55 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 161.67 Bn | 124.47 Bn | - | - |
| 2 | Southern Copper | 156.75 Bn | 135.53 Bn | 2.90 Bn | 14.90 Mn |
| 3 | Rio Tinto | 138.00 Bn | 98.50 Bn | - | - |
| 4 | Newmont | 116.83 Bn | 81.97 Bn | 4.22 Bn | 58.00 Mn |
| 5 | Freeport-Mcmoran | 93.25 Bn | 77.29 Bn | 2.19 Bn | 53.00 Mn |
| 6 | Agnico Eagle Mines | 88.72 Bn | 78.35 Bn | 2.43 Bn | 61.53 Mn |
| 7 | Barrick Mining | 65.67 Bn | 40.87 Bn | 2.90 Bn | 134.00 Mn |
| 8 | Nucor | 61.38 Bn | 61.38 Bn | - | - |
| 9 | ArcelorMittal | 46.14 Bn | 25.16 Bn | - | - |
| 10 | Hecla Mining | 9.53 Bn | 8.01 Bn | - | 11.68 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Hecla Mining 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=HL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HL", "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=HL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();