October 2026
Largest Metals & Mining Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Agnico Eagle, Wheaton Precious Metals, Franco-Nevada, Teck Resources and Kinross Gold.
 | Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023. | $181 | +12% | $91B | $88B | 7.4x | 10.4x | ||
| Wheaton Precious Metals Corp is a precious metal streaming company. Its reportable segment includes: Gold, Silver, Palladium, Platinum, Cobalt, and Other. It generates its revenue from the sale of precious metals (gold, silver and palladium) and cobalt. | $133 | +38% | $61B | $62B | 27.0x | 31.7x | ||
| Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. The company's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project. | $236 | +27% | $46B | $45B | 24.4x | 26.3x | ||
| Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck’s attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck’s strategy is to rebalance its portfolio to low-carbon metals such as copper. It sold its oil sands business in early 2023 and its coal business in mid-2024. In September 2025, it agreed to merge with Anglo American. | $65 | +52% | $32B | $35B | 4.7x | 11.8x | ||
| Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines. | $24 | +3% | $29B | $27B | 3.8x | 6.2x | ||
| First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company’s reportable operating segments are Cobre Panama, Kansanshi, and Trident. | $27 | +30% | $23B | $28B | 5.4x | 17.2x | ||
| Lundin Mining Corp is adiversified Canadian base metals mining company primarily producing copper and gold with operations in Brazil, Chile, Portugal, Sweden, and the United States of America, producing copper, zinc, gold, and nickel. Its material mineral properties include Candelaria, Chapada, and Caserones. The majority of the revenue is from Copper. | $23 | +45% | $20B | $21B | 5.3x | 11.7x | ||
| Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines. | $45 | +28% | $19B | $18B | 4.9x | 9.9x | ||
| Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador. The company[s primary business activity is the Fruta del Norte operating mine in Ecuador which derives majority of its revenues. | $61 | -11% | $15B | $14B | 8.0x | 11.5x | ||
| Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating segments being Young-Davidson, Island Gold District's operation operates in Canada, and the Mulatos mine operates in Sonora, Mexico. The company generates maximum revenue from the Island Gold District mines. | $32 | +4% | $13B | $13B | 7.1x | 9.8x | ||
| Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. The company operates gold mines and a clear plan to increase production by advancing the pipeline of growth projects. Geographically, the company operates in the Canada, United States, Mexico, and others. The majority of its revenue is generated from Canada. | $11 | -1% | $13B | $13B | 7.0x | 15.6x | ||
| Ivanhoe Mines Ltd is a diversified mining company focused on advancing its four principal projects in Southern Africa namely the Kamoa-Kakula Copper Complex, a large, high-grade, stratiform copper deposit, Platreef Project, where the Company discovered thick and high-grade palladium, nickel, platinum, rhodium, copper and gold deposit, The Kipushi Project, a past-producing, high-grade underground zinc-copper-germanium-silverlead mine, The Western Foreland Exploration Project, a group of exploration licences. The Company has four reportable segments, including the Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company's treasury offices. | $8 | -17% | $12B | $12B | 27.9x | 78.6x | ||
| Hudbay Minerals Inc is a copper-focused critical minerals company with three long-life operations and a pipeline of copper growth projects in Canada, Peru, and the United States. Its operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada), and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by gold, zinc, silver, and molybdenum production. Hudbay's growth pipeline includes the Copper World project and the Mason project in the USA, and the Llaguen project in Peru. The company's reportable segments are: Peru, which generates the maximum revenue, Manitoba, British Columbia, and Arizona. Geographically, it generates maximum revenue from China and Canada. | $26 | +64% | $12B | $12B | 5.5x | 8.5x | ||
| G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties. | $33 | +68% | $9.8B | $9.6B | 16.6x | 24.5x | ||
| Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, and Greece. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects. It has three geographical segments: The Turkiye reporting segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkiye. The Canada reporting segment that derives maximum revenue, includes Lamaque and exploration activities in Canada. The Greece reporting segment includes the Olympias mine, the Skouries and Perama Hill projects and exploration activities in Greece. | $38 | +47% | $9.8B | $11B | 6.1x | 13.7x | ||
| DPM Metals Inc is an international mining company engaged in the acquisition, exploration, development, mining, and processing of precious metals. The company's projects include are located in Bulgaria, Ecuador, Serbia and Bosnia. | $40 | +88% | $8.8B | $8.1B | ||||
| First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals. | $18 | +38% | $8.7B | $8.2B | ||||
| Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the us, Mexico, and Canada, and development projects in Chile and Canada. The company's main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold. The company has six reportable segments which are Pinto Valley (us), Mantos Blancos (Chile), Mantoverde (Chile), Cozamin (Mexico), as well as the Santo Domingo development project (Chile), and Other. | $10 | +8% | $7.4B | $8.8B | ||||
| South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts. It has three reportable segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. It derives maximum revenue from Keystone Pipeline System segment. | $34 | +29% | $7B | $12B | ||||
| Discovery Silver Corp is a precious metals company with assets in Canada and Mexico. It currently produces gold from the Porcupine operations in and near Timmins, Ontario, Canada. The Porcupine Operations include the Hoyle Pond and Borden underground mines, and the Pamour open pit. Additionally, the company owns the Cordero project, which is a development-stage silver project located in Mexico. The firm has one reportable segment: Porcupine Complex (comprising its operating mines and mill). | $9 | +100% | $7B | $6.6B | ||||
| B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other. | $5 | +18% | $6.8B | $7B | ||||
| Aura Minerals Inc is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's operating segments are its operating assets and include The Minosa Mine, the Apoena Mine, the Aranzazu Mine, the Almas Mine; and projects (Matupa, Tolda Fria, Borborema and Carajas Projects, and Corporate). | $79 | +612% | $6.6B | $6.8B | ||||
| Artemis Gold Inc is a gold and silver producer focused on the operation and further development of its flagship asset, the Blackwater Gold Mine in central British Columbia, Canada. The Company operates a single reportable segment, being the operation and management of the Blackwater Mine. | $27 | +12% | $6.4B | $6.7B | ||||
| OR Royalties Inc is engaged in the business of acquiring and managing precious metal and other high-quality royalties, streams and similar interests. The Company owns a portfolio of royalties, streams, offtakes, options on royalty/stream financings and exclusive rights to participate in future royalty/stream financings on various projects. Geographically, it generates majority of its income from North America and also generates some portions of income from South America, Australia, Africa and Europe. | $34 | +6% | $6.4B | $6.5B | ||||
| Triple Flag Precious Metals Corp is a streaming and royalty company focused on precious metals. Its revenues are largely generated from a diversified portfolio of properties in Australia, Canada, Colombia, Cote d'Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States. Its diversified portfolio of streams and royalties comprises long-life mining assets, including the Northparkes copper-gold mine in Australia, the Cerro Lindo polymetallic mine in Peru, the Fosterville gold mine in Australia, the Buritica gold mine in Colombia, and the Impala Bafokeng Operations in South Africa among others. A majority of its revenue is derived through its interests in various gold streams. Geographically, the company derives maximum revenue from Australia, followed by Peru and other regions. | $30 | +10% | $6.3B | $6.5B | ||||
| OceanaGold Corp is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from its operations and delivering robust returns for its shareholders. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; the Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The company generates key revenue from Haile mines. | $27 | +19% | $6B | $5.5B | ||||
| NexGen Energy Ltd is an exploration and development entity engaged in acquiring, evaluating, and developing uranium properties in Canada. The company's projects portfolio consists of ROOK I, and the IsoEnergy, at the Athabasca Basin. | $9 | -9% | $6B | $5.7B | ||||
| Montage Gold Corp is a mineral exploration and development company. It is engaged in the acquisition, exploration, and development of mineral properties in Africa. The company's mineral properties are located in Cote d'Ivoire where it owns four permits and nine permit applications. Its projects include the Kone Gold Project, Morondo Gold Project and Others. | $13 | +159% | $5.2B | $5.1B | ||||
| K92 Mining Inc is engaged in the exploration, development, and mining of mineral deposits near the mine, including Blue Lake, in Papua New Guinea. | $19 | +46% | $4.8B | $4.5B | ||||
| Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, Mexico. It also owns the Los Reyes gold-silver project in Sinaloa, Mexico, and has acquired a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Gryphon and Medicine Springs projects in Nevada, USA. The majority of the company's revenue is generated from the sale of gold, followed by silver and copper. | $48 | +29% | $4.4B | $4.4B | ||||
| Centerra Gold Inc is principally focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkey, and other markets world-wide. The company reportable operating segments are Oksut; Mount Milligan; and Molybdenum. It derives maximum revenue from Mount Milligan segment. Geographically, it operates in Turkey, United States, and Canada. | $22 | +84% | $4.2B | $3.8B | ||||
| Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Company also owns a portfolio of exploration projects located along the prospective South-Atlas Fault in Morocco comprised of the Zgounder Regional, Boumadine, Tirzzit, Imiter-bis, Azegour and Amimiz properties and, the Tijirit Gold Project located in Mauritania. | $27 | +153% | $3.9B | $3.8B | ||||
| Almonty Industries Inc is engaged in the mining, processing, and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain - the Los Santos Mine, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal - the Panasqueira Mine, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora - the Valtreixal Mine, as well as the exploration and evaluation of its Sangdong tungsten mine project located in Gangwon Province, Republic of Korea - the Sangdong Mine. | $13 | +85% | $3.8B | $3.5B | ||||
| Skeena Resources Ltd is a mining company in development stage focusing on the construction and development of the Eskay Creek project in British Columbia. Eskay Creek is the next global gold development project and represents one of the highest-grade and lowest-cost open-pit precious metals mines, with substantial silver by-product production. | $30 | +84% | $3.7B | $4.4B | ||||
| Ero Copper Corp is a base metals mining company. It is predominantly focused on the production and sale of copper with gold and silver produced and sold as by-products. Ero's operations are segmented between its mines in Brazil, the Caraiba Operations and the Xavantina Operations, its development project, the Tucuma Project in Brazil and corporate. Majority of its revenue is generated from its Caraiba Operations segment which consists of mining operations and processing facilities including the Pilar and Vermelhos underground mines and the Surubim open pit mine. | $36 | +68% | $3.7B | $4.2B | ||||
| NGEx Minerals Ltd is engaged in the acquisition, exploration, and development of mineral properties in South America. The reportable projects of the company are the Los Helados Project, the company's exploration projects in Argentina, other exploration projects, and the Company's corporate administration function. | $17 | +9% | $3.7B | $3.4B | ||||
| Hochschild Mining PLC is engaged in the mining, processing, and sale of silver and gold. It has one operating mine (Inmaculada) located in southern Peru, one operating mine (San Jose) located in Argentina, and one operating mine (Mara Rosa) located in Brazil. The Group also has a portfolio of projects located across Peru, Argentina, Brazil, and Chile, at various stages of development. Its reportable segments are Inmaculada, San Jose, Mara, Rosa, Pallancata, Exploration, and Others. A majority of its revenue is generated from the Inmaculada segment, which generates revenue from the sale of gold and silver (dore). Geographically, the group generates maximum revenue from Canada, followed by Switzerland, the USA, Peru, South Korea, Germany, Japan, and other regions. | $7 | +62% | $3.6B | $3.7B | ||||
| Aris Mining Corp is engaged in the acquisition, exploration, development, and operation of gold properties in Colombia, Guyana, and Canada. It owns and operates its Segovia Operations, Soto Norte Project and Marmato Mine in Colombia, the Toroparu Project in Guyana, and the Juby Project in Ontario, Canada. The company generates revenue from the sale of gold and silver. | $17 | +75% | $3.6B | $3.7B | ||||
| Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex, and Mishi Open Pit gold mines. The activities of the group function through Canada and it derives revenue from the sale of gold and silver bullion. | $25 | +63% | $3.5B | $3.3B | ||||
| Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location. | $11 | +35% | $3.3B | $3B | ||||
| Taseko Mines Ltd is a copper-focused mining company engaged in acquiring, developing, and operating large tonnage mineral deposits in stable jurisdictions that are capable of supporting a mine. Its principal assets are the wholly-owned Gibraltar mine (Gibraltar), which is located in central British Columbia (BC), and the Florence Copper mine, located in Arizona. Taseko also owns the Yellowhead copper, New Prosperity copper-gold, and Aley niobium projects in British Columbia, Canada. | $8 | +84% | $3.1B | $3.5B | ||||
| Seabridge Gold Inc is a development stage company involved in the exploration, and development of gold properties sited in North America. The company's principal projects include the Kerr-Sulphurets-Mitchell property located in British Columbia, the Courageous Lake property located in the Northwest Territories, and Iksut Property located in northwestern British Columbia, and the 3 Aces Project in southeast Yukon. The company has various other mineral resource projects throughout North America. | $27 | +17% | $2.9B | $3.3B | ||||
| Allied Gold Corp is a company focused on gold mining activities in Africa. Allied has three mines and several development and exploration projects in Africa where it has operating experience. Operations are located in Cote d’Ivoire, Mali, and Ethiopia. The company expands and optimizes initiatives at existing operating mines, the development of new mines, the advancement of its exploration properties, and, targeting other consolidation opportunities with a focus on Africa. | $20 | +34% | $2.8B | $3B | ||||
| Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development, and exploitation of precious metal properties in Mexico and Chile. The Company has two operating mining segments which are located in Mexico, Guanacevi and Bolanitos. The company has one development project in Mexico, Terronera, as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico, Chile, and the USA. | $9 | +6% | $2.5B | $2.5B | ||||
| Silvercorp Metals Inc is a mineral exploration company, engaged in the acquisition, exploration, development, and mining of mineral properties. The company’s producing mines are located in China, and exploration and development projects are located in China and Ecuador. Its project portfolio comprises the El Domo copper-gold and the Condor gold project in Ecuador. In addition, it operates several silver-lead-zinc mines at the Ying Mining District in Henan Province, China, and the GC silver-lead-zinc mine in Guangdong Province, China. A majority of the company's revenue is generated through the sale of silver concentrates. Its reportable operating segments are the Ying Mining District and GC Mine in China, which derive maximum revenue, and the El Domo and Condor projects in Ecuador. | $11 | +64% | $2.4B | $2.3B | ||||
| Denison Mines Corp is a uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The company holds a noteworthy 95% interest in its flagship Wheeler River Uranium Project, the undeveloped uranium project located in the infrastructure-rich eastern part of the Athabasca Basin. Additionally, it is involved in mine decommissioning and environmental services through its Closed Mines group, which manages the Elliot Lake reclamation projects and offers third-party post-closure mine care and maintenance services. The Company operates in two main segments: the Mining segment and the Corporate and Other segment. The majority of revenue is generated from the mining segment. | $3 | -20% | $2.3B | $2.1B | ||||
| TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing, and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ). Polymetallic nodules are discrete rocks that sit unattached to the seafloor, occur in notable quantities in the CCZ, and have high concentrations of nickel, copper, cobalt, and manganese in a single rock. The company believes these four metals contained in the polymetallic nodules are critical for energy infrastructure and industrial manufacturing. The Company’s business consists of only one operating segment, namely exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules. | $4 | -46% | $1.7B | $1.6B | ||||
| Americas Gold And Silver Corp is a mining company engaged in the acquisition, exploration, development, and production of precious metals mineral properties in Mexico and the United States. The company's primary operating assets, which are also its reporting segments, are the Cosala operations, the Galena Complex, and Relief Canyon. It also holds interests in the San Felipe Development Project located in Sonora, Mexico. The Cosala operations segment, which derives maximum revenue, operates in Mexico, while the Galena Complex and Relief Canyon segments operate in the United States. | $4 | +11% | $1.5B | $1.5B | ||||
| Elemental Royalty Corp is engaged in exploration discovery, royalty generation, royalty acquisition, and strategic investments. | $18 | +22% | $1.4B | $1.3B | ||||
| Lithium Americas is a pure-play lithium producer. Following a deal with the US government, the firm will own 59% of one resource, Thacker Pass, which is located in northwest Nevada, with automaker General Motors owning 36% and the US government owning 5%. Thacker Pass is under construction and expected to begin production in 2028. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market. | $3 | -43% | $932M | $1.8B | ||||
| Osisko Development Corp is a mineral exploration and development company engaged in the acquisition, exploration, and development of precious metals resource properties in North America. The company is focused on exploring and developing its mining assets, including the Cariboo Gold Project in British Columbia, the San Antonio gold project in Mexico, and the Trixie test mine in the USA. The Company manages its business through the exploration, evaluation, and development activities of its projects. | $3 | -11% | $852M | $584M | ||||
| Santacruz Silver Mining Ltd is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America, with a primary focus on silver and zinc, including lead and copper. The company earns the majority of its revenue from Zinc and Silver. The company's reportable operating segments are the Bolivar mine and processing plant, the Porco mine and processing plant, the Caballo Blanco Group, San Lucas, Zimapan, and Corporate and Other activities. Key revenue is generated from Zimapan. | $9 | +50% | $808M | $786M | ||||
| First Nordic Metals Corp is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland. The company’s flagship asset is the Barsele gold project in northern Sweden. Immediately surrounding the Barsele project, First Nordic is 100%-owner of a district-scale license position comprised of two additional project areas (Paubacken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of the Gold Line greenstone belt. Additionally, in northern Finland, the company is the 100%-owner of a district-scale position covering the entire underexplored Oijarvi greenstone belt, including the Kylmakangas deposit, the gold occurrence on this belt. | $2 | -- | $564M | $524M | ||||
| Blue Moon Metals Inc is a Canadian exploration stage company which is focused on the exploration and development of mineral resource properties. The company is advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver, and copper. The company also holds the Yava polymetallic project in Nunavut that is in the same volcanic lithologies and south of Glencore's Hackett River deposit. The company is focusing on advancing the Blue Moon and Yava properties. | $5 | +85% | $505M | $407M | ||||
| Asante Gold is a Canadian-listed gold producer and development company focused on Ghana. Its principal operating assets are the Bibiani and Chirano gold mines, supported by satellite deposits, underground and open-pit development and regional exploration licenses. The company produces and sells gold doré and develops mineral resources through mine investment, processing and exploration programs. Revenue therefore comes from gold production rather than from financial investment services. In August 2021, Asante closed a private placement of subscription receipts to finance its acquisition and restart of the Bibiani mine. Fujairah Holding subscribed C$34.825 million for 34.825 million receipts at C$1 each, becoming a cornerstone shareholder alongside Emiral Resources. The investment converted into common-share exposure and gave Fujairah a material strategic position. Asante later expanded through the Chirano acquisition, while Fujairah’s 2023 proposal to buy the remaining shares stayed non-binding and is excluded. | $1 | -- | $471M | $711M | ||||
| Algoma Steel Group Inc is a fully integrated steel producer of hot and cold rolled steel products, including coiled sheet and plate, strategically located. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The company’s revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips. | $4 | -1% | $435M | $1B | ||||
| Nouveau Monde Graphite Inc is a mineral exploration company. The company specializes in the exploration, evaluation, and development of mineral properties located in Quebec and is developing a natural graphite-based anode material that would qualify as battery-grade material to supply the lithium-ion industry. The company currently operates in two segments: the Matawinie Mine Project and the Battery Material Plant project. | $1 | -61% | $389M | $79M | ||||
| Aldebaran Resources Inc is a Canadian mineral exploration company. It focuses on advancing the Altar copper-gold project in San Juan Province, Argentina, which hosts multiple porphyry copper-gold deposits. Its other projects include Altar Copper-Gold, Rio Grande Copper-Gold, Aguas Calientes, El Camino, Catua, La Frontera and Oscara. The company operates in one reportable operating segment, being the acquisition and exploration of exploration and evaluation assets in Argentina. | $2 | -- | $348M | $330M | ||||
| Silverco Mining Ltd operates within the mining sector, involved initially in exploration and development of precious and base metals properties. It currently anticipates conducting exploration work on the Cusi Property located in Chihuahua State, Mexico. The Cusi Property is a permitted, past-producing underground silver-lead-zinc-gold project. It has infrastructure including paved highway access and connection to the national power grid. | $6 | +142% | $340M | $313M | ||||
| Pecoy Copper Corp is a Canadian mineral exploration and development company focused on advancing large-scale copper-gold-molybdenum-silver porphyry deposits in southern Peru, supporting the growing demand for critical minerals used in the energy transition. Its primary operating segment is mineral exploration and development (diversified metal ores), with two key projects: the flagship Pecoy Project and the Tororume Project. | $1 | -- | $264M | $239M | ||||
| Palisades Goldcorp Ltd is a resource investment company and merchant bank focused on junior companies in the resource and mining sector. It focuses on acquiring equity participation in pre-IPO and early-stage public resource companies with undeveloped or undervalued high-quality projects, to provide investors with maximum leverage to an upside move in the junior resource equities. Its investment portfolio consists of equity ownerships of gold, uranium, and rare earth minerals exploration firms. The company has a single reportable business segment, Canada. | $3 | -- | $249M | $129M | ||||
| Atha Energy Corp is a mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. The company owns uranium projects, namely the Angilak Project located in Nunavut, CMB Discoveries in Labrador, and a newly discovered basement-hosted GMZ high-grade uranium discovery located in the Athabasca Basin. In addition, the Company holds the cumulative prospective exploration land package in two basins for uranium discoveries. The group also holds an interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. | $1 | -- | $241M | $236M | ||||
| Copper Giant Resources Corp is a mineral exploration company focused on unlocking the Mocoa copper-molybdenum porphyry deposit located in Putumayo, Colombia. Mocoa is a porphyry copper-molybdenum deposit located in Putumayo, Colombia in the Jurassic porphyry belt, which extends through Ecuador and Colombia, including the Mirador mine and Waritza deposit. | $1 | +345% | $209M | $197M | ||||
| Mkango Resources Ltd is engaged in the exploration and development of rare earth elements and associated minerals in the Republic of Malawi. The Company holds interests in exclusive prospecting licenses in Malawi namely the Phalombe license, the Thambani license, the Chimimbe license, and the Mchinji license. Mkango also has an exploration portfolio in Malawi, including the Mchinji rutile discovery, in addition to the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project. | $0 | -42% | $192M | $183M | ||||
| Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company’s assets consist of the option to acquire an interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. | $1 | -- | $141M | $122M | ||||
| Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Europe, Asia, Cuba, North America, and others regions. Its segment includes Metals, Power, Oil and Gas, Corporate, and others. The Metals segment which generates the majority of the revenue is composed of mining, processing and refining activities of nickel and cobalt for its interest in Moa JV in Cuba and Canada. The Power segment represents the power operations in Cuba, including its interest in Energas; and The Oil and Gas segment is exploring for oil and gas in Cuba. | $0 | +113% | $134M | $304M | ||||
| Bunker Hill Mining Corp focuses on the development and restart of its owned flagship asset, the Bunker Hill mine (the Bunker Hill Mine or the Mine) in Idaho, USA. The Company was incorporated for the purpose of mineral exploration at the Bunker Hill Mine. The Company has moved into the development stage concurrent with purchasing the mine and a process plant, completing successive technical and economic studies, including a Pre-Feasibility Study, delineating mineral reserves, and advancing the construction of the facilities. | $3 | -- | $121M | $219M | ||||
| Kenorland Minerals Ltd operates as a mineral exploration company. The company has one operating segment, which is the exploration of mineral properties. The company focuses on the identification, acquisition, and exploration of mineral properties. Kenorland Minerals serves customers around the world. Its projects include the Frotet project, Chicobi project, Chebistuan project, Hunter project, and others. | $1 | -- | $119M | $109M | ||||
| Big Ridge Gold Corp is an exploration and development company with a portfolio of 100% owned Canadian gold properties. The company is focused on the Oxford Gold Project located in Manitoba, it is active in the prolific Abitibi greenstone belt in Quebec on the Destiny gold property and is exploring the Hope Brook Gold Project, Newfoundland. | $0 | -- | $118M | $115M | ||||
| Kingfisher Metals Corp is an exploration company focused on underexplored district-scale projects in British Columbia. It has three district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. Its projects include the Ecstall Project, the Goldrange Project, Ball Creek East Project, and the Thibert Project. | $1 | -- | $116M | $96M | ||||
| Evolve Royalties Ltd is a royalty company that applies a royalty and streaming business model to mining projects. The company holds a portfolio of royalty and payment interests linked to various mining operations and development projects. Its portfolio consists of a variety of royalties, including a net profit interest in several mining projects across copper, lithium, and gold, including operations in North and South America. The portfolio also includes exploration-stage royalties and production payment rights. | $2 | -- | $103M | $98M | ||||
| US Goldmining Inc is a mineral exploration and development company. It is focused on the exploration and development of a project located in Alaska, USA. The company's sole property is Whistler Project which is a gold-copper exploration project located in the Yentna Mining District, approximately 170 km northwest of Anchorage, Alaska. | $7 | -41% | $94M | $86M | ||||
| Miata Metals Corp is engaged in the identification, evaluation, acquisition, and exploration of mineral properties in Suriname and in Canada. It holds a substantial area between two gold assets within the greenstone belt of Suriname. Both of its projects, the Sela Creek and Nassau Project, host large-scale artisanal gold mining indicative of potentially district-scale ore bodies. It is engaged in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. Miata holds over a substantial area between two gold assets within the greenstone belt of Suriname. Both of its projects,the Sela Creek and Nassau Project, host large-scale artisanal gold mining indicative of potentially district-scale ore bodies. | $1 | +28% | $92M | $87M | ||||
| Silver47 Exploration Corp is a mineral exploration company focused on uncovering and developing silver-rich deposits in North America, creating a high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq indicated. The company is engaged in the business of mineral exploration with a focus on precious metals, with projects including the Red Mountain Project in Alaska, the Hughes and Kennedy Projects in Nevada, the Mogollon Project in New Mexico, the Adams Plateau Project in British Columbia, and the Michelle Project in Yukon. | $0 | -- | $88M | $54M | ||||
| Scully Royalty Ltd is a royalty-based company that maximizes earnings upon its iron ore royalty interest. The company's business segments include Royalty, which includes an interest in an iron ore mine; Industrial, which includes projects in resources and services; Merchant Banking, which comprises regulated merchant banking activities; and others. The majority of the revenue is generated from the Royalty segment. The company's geographical segments include Canada, Africa, America, Asia, and Europe, out of which Canada accounts for the majority of the revenue. | $5 | -16% | $77M | $76M | ||||
| Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals. | $0 | -- | $74M | $70M | ||||
| Phoenix Metals Corp is engaged in the acquisition, exploration and development of mineral resource properties in Canada. The primary business objective of the company is to explore for base and precious metals. It has the majority interest in one mineral exploration project, the Greenwood Project. The Greenwood Project is a base and precious metals project located in British Columbia, Canada. | $1 | -- | $71M | $67M | ||||
| Lithium Ionic Corp is a Canadian junior exploration company engaged in the acquisition, exploration, and development of mineral properties in Brazil. | $0 | -- | $69M | $66M | ||||
| NexMetals Mining Corp is a mineral exploration and development company focused on discovering and advancing high-quality copper-nickel-cobalt-platinum element metals (Cu- Cu-Ni-Co-PGE) resources. The group prioritizes projects in stable, mining-friendly jurisdictions with supportive foreign investment and rule-of-law standards. Its projects are Botswana and Canada. | $2 | -50% | $69M | $58M | ||||
| Nevada King Gold Corp is a mineral exploration company engaged in the acquisition, exploration, and evaluation of resource properties in Nevada, United States of America. its project inlcude Atlanta Gold Mine project located in southeast Nevada. | $1 | -- | $58M | $45M | ||||
| Largo Inc is committed to the production and supply of high-quality vanadium products. The company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, predominantly in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder. The company has operating segments: sales & trading, mine properties, which generates key revenue, corporate, exploration and evaluation properties, Clean Energy, and Largo Physical Vanadium. | $0 | -60% | $55M | $171M | ||||
| Electra Battery Materials Corp is building North America's fully integrated, localized, and environmentally sustainable battery materials park. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable, and traceable raw materials for the region's fast growing electric vehicle industry. | $1 | -60% | $54M | $62M | ||||
| Coppernico Metals Inc is an mineral exploration company focused on creating value for shareholders and stakeholders through the exploration and discovery of world-class copper-gold deposits in South America. The company’s primary asset is the Sombrero copper-gold district located in southern Peru. | $0 | -- | $52M | $48M | ||||
| A2 Gold Corp is engaged in the exploration and evaluation of resource properties located in the United States of America. Its project portfolio includes Bolo and Eastside in Nevada, as well as Browns Canyon, West Goldfield, and Overland Pass. | $0 | -- | $51M | $43M | ||||
| Royal Road Minerals Ltd is a mineral exploration and development company. The group operates under three geographic segments engaged in mineral exploration and development in Jersey, Colombia, Nicaragua Argentina, and Other. | $0 | -- | $47M | $44M | ||||
| Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. It has acquired interests in a portfolio of mineral projects in Idaho and Nevada, and also holds other mineral projects through third-party agreements and property options, and certain projects are subject to NSRs. The company's project portfolio includes the Mahogany, Agate Point, Midas North, and Spring Peak projects. | $0 | -- | $38M | $37M | ||||
| Pacific Booker Minerals Inc is a mineral exploration company. Its principal business activity is the exploration of mineral properties. The firm's mineral property interests are located in Canada. Its project includes Morrison Copper/Gold Project. | $2 | +199% | $37M | $34M | ||||
| Relevant Gold Corp is a mineral resource company. The company is focused on the acquisition, exploration, discovery, and development of mineral resource properties in Wyoming, USA. Its projects comprise Bradley Peak Lewiston, Golden Buffalo, Shield-Carissa and Windy Flats. | $0 | -- | $36M | $27M | ||||
| Full Circle Lithium Corp is a lithium processor focused on lithium and battery materials reintegration to meet the demand for crucial battery-grade raw materials, utilizing proprietary technology and know-how. Full Circle is focused on three complementary battery material processing divisions: battery recycling from end-of-life lithium-ion batteries, lithium feedstock recycling from industrial and chemical feedstock, and lithium refinery from upstream feedstock. The company operates in only one reportable segment, being the manufacture and sale of a lithium-ion battery fire extinguishing agent, FCL-X. | $0 | -- | $32M | $29M | ||||
| Future Fuels Inc is a Canadian mineral exploration company engaged in the acquisition, exploration, development and mining of mineral deposits. It focuses on its principal asset, the Hornby Uranium Project, located in north-western Nunavut. Additionally, it holds the Covette Project in Quebec's James Bay region, which consists of a group of mineral claims. is engaged in the acquisition, exploration, development and mining of mineral deposits. | $0 | -60% | $28M | $26M | ||||
| Delta Resources Ltd is operations are mining properties and exploration expenditures made on properties that are not in commercial production. It has a single operating segment, which is the acquisition, exploration, and development of exploration properties. Its projects are the DELTA-1 Gold project in Thunder Bay, Ontario, the DELTA-2 Gold polymetallic project in Chibougamau, Quebec, and the Bellechasse-Timmins Gold project located in southeastern Quebec. | $0 | -- | $24M | $19M | ||||
| International Battery Metals Ltd is a technology and manufacturing company focused on environmentally responsible methods of extracting lithium compounds from brine. Its current operations consist of the development of the MDLE Plant, which can be rapidly deployed and assembled onsite at a customer’s property. The MDLE Plant is designed to process brine solutions to extract lithium chloride, which can be further processed into lithium carbonate and used for industrial purposes or as a battery component. Geographically, the company carries out all its operations in the United States. | $0 | -- | $24M | $15M | ||||
| Eminent Gold Corp is engaged in the exploration and evaluation of resource properties. Company has assembled a portfolio of four gold projects at the intersection of the Getchell and Battle Mountain Trends and within and just east of the Walker Lane Trend. The projects of the company include Gilbert South, Weepah, and Hot Springs Range. | $0 | -- | $24M | $23M | ||||
| Xali Gold Corp is a Canada-based mineral exploration company engaged in the acquisition, exploration, and development of mineral rights interests in Mexico and Peru. It is currently in the exploration stage. The company's project portfolio comprises various gold and silver properties, such as the Tres Marias and Las Brujas properties in Peru, and the Sarape epithermal gold-silver project, the El Oro Tailings project, and the El Oro gold-silver property located in Mexico. | $0 | -- | $23M | $22M | ||||
| Western Uranium & Vanadium Corp is a Canada based company involved in industrial metals and mines business sector. The company is involved in the acquisition and development of uranium and vanadium resource properties in the states of Utah and Colorado in the United States of America. | $0 | -- | $22M | $18M | ||||
| Rocky Shore Gold Ltd, formerly Hemlo Explorers Inc is a Canada-based natural resource exploration and development company. Its projects includes Gold Anchor Project and Hemlo Project. | $0 | -- | $20M | $17M | ||||
| Irving Resources Inc is a Canadian-based mineral exploration company with precious metal projects in Japan and joint venture interests with Japan Oil, Gas, and Metals National Corporation (JOGMEC) in a rare earth element project in Africa and Canada. Its projects include the Omu Project, Yamagano Project, and Others. | $0 | -- | $20M | $16M | ||||
| GreenLight Metals Inc is engaged in the acquisition, exploration, and evaluation of mineral property interests. Its mission is to expand known mineral resources and make new discoveries on one of North America’s prolific yet underexplored volcanogenic massive sulfide (VMS) greenstone belts - the Penokean Volcanic Belt (the Belt) in Wisconsin, USA. The Belt’s deposits are rich in the clean energy metals copper and zinc, as well as gold, that are required to power the imminent green, low-carbon economy. | $0 | -- | $18M | $13M | ||||
| Aero Energy Ltd is a mineral exploration and development company. It is focused on uncovering high-grade uranium deposits across its flagship optioned properties - Sun Dog, Strike, and Murmac - in addition to its fully owned properties. With the application of modern exploration techniques. It is tapping into the Athabasca Basin’s emerging potential for high-grade, unconformity-style mineralization. The company has two reportable operating segments, being that of acquisition and exploration and evaluation activities in Chile and Canada. | $0 | -- | $15M | $8M | ||||
| Auranova Resources Inc is a mineral exploration company focused on the next Canadian gold discovery in the Birch Uchi Belt. | $0 | -- | $13M | $11M | ||||
| Median | $5 | +28% | $892M | $1.2B | 6.3x | (2.1x) |
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