Hecla Mining (HL) Research & Development (2012 - 2026)
Hecla Mining's (HL) quarterly Research & Development came in at $4.6 million in Q1 2026, up 7.03% YoY from $4.3 million in Q1 2025, and down 5.43% on a QoQ basis from $4.9 million in Q4 2025.
Hecla Mining (HL) Research & Development (2012 - 2026) Analysis & Trends
Hecla Mining (HL) has 15 years of Research & Development data on file, last reported at $4.6 million in Q1 2026.
- Quarterly Research & Development rose 7.03% year-over-year to $4.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $27.9 million (up 2.08% YoY) and the FY2025 annual result came in at $27.7 million, up 1.55% from the prior year.
- Research & Development retreated to $4.6 million in Q1 2026, from $4.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $15.1 million in Q3 2022 to a low of $4.3 million in Q1 2025.
- A 5-year average of $8.1 million and a median of $6.9 million in 2022 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development soared 91.45% — and 2023, when it plunged 61.22%.
- Tracing HL's Research & Development over 5 years: stood at $6.9 million in 2022, then climbed by 0.88% to $7.0 million in 2023, then fell by 17.54% to $5.7 million in 2024, then declined by 15.02% to $4.9 million in 2025, then declined by 5.43% to $4.6 million in 2026.
- The last three Research & Development figures came in at $4.6 million (Q1 2026), $4.9 million (Q4 2025), and $9.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hecla Mining | 13.96 Bn | 13.48 Bn | 332.52 Mn | 11.68 Mn |
| 2 | Buenaventura Mining | 8.67 Bn | 7.66 Bn | - | - |
| 3 | Triple Flag Precious Metals | 6.87 Bn | 6.85 Bn | 88.25 Mn | 93,000.00 |
| 4 | Perpetua Resources | 3.14 Bn | 3.14 Bn | - | 103.92 Mn |
| 5 | Elemental Royalty | 1.40 Bn | 1.34 Bn | 15.71 Mn | - |
| 6 | Solaris Resources | 1.36 Bn | 1.30 Bn | - | 1.20 Mn |
| 7 | McEwen | 1.22 Bn | 1.13 Bn | 20.08 Mn | 11.40 Mn |
| 8 | Versamet Royalties | 1.13 Bn | 1.13 Bn | 13.99 Mn | - |
| 9 | Metalla Royalty & Streaming | 1.05 Bn | 1.04 Bn | 4.75 Mn | - |
| 10 | Integra Resources | 548.73 Mn | 442.10 Mn | 24.85 Mn | -4.89 Mn |
Historic Data
Download 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 | 8.81 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 |