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
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 |