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Public Comps and Valuation Multiples for Metals & Mining

Benchmark revenue and EBITDA valuation multiples for public comps like
Rio Tinto, BHP Group, Zijin Mining, Rio Tinto UK and Southern Copper.

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Metals & Mining

Viewing 50 of 542 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Rio Tinto	$182B	$198B	$59B	3.4x	7.7x
BHP Group	$180B	$194B	$55B	3.5x	6.4x
Zijin Mining	$157B	$171B	$56B	3.1x	11.1x
Rio Tinto UK	$153B	$169B	$58B	2.9x	6.7x
Southern Copper	$147B	$149B	$14B	10.6x	17.6x
Agnico Eagle	$126B	$124B	$13B	9.3x	13.2x
Newmont	$122B	$119B	$24B	4.9x	7.9x
Freeport-McMoRan	$98B	$105B	$27B	3.9x	9.9x
Grupo México	$96B	$97B	$19B	5.1x	9.2x
Howmet Aerospace	$93B	$96B	$9B	11.2x	36.9x
Glencore	$87B	$126B	$250B	0.5x	8.6x
Zijin Gold	$84B	$85B	$7B	13.0x	21.2x
CMOC Group	$76B	$73B	$31B	2.4x	10.2x
Vale	$69B	$83B	$39B	2.1x	5.2x
Maaden	$67B	$73B	$10B	7.0x	16.8x
Wheaton Precious Metals	$61B	$60B	$3B	21.4x	25.8x
Shandong Hongqiao	$57B	$57B	$23B	2.4x	10.5x
AngloGold Ashanti	$51B	$51B	$11B	4.7x	7.5x
Gold Fields	$51B	$53B	$10B	5.4x	7.8x
Franco-Nevada	$50B	$49B	$2B	23.9x	26.3x
China Hongqiao Group	$48B	$52B	$24B	2.2x	7.6x
Anglo American	$47B	$56B	$19B	3.0x	8.2x
Antofagasta	$45B	$47B	$9B	5.3x	8.6x
Fortescue	$43B	$44B	$16B	2.7x	5.3x
ArcelorMittal	$40B	$48B	$63B	0.8x	6.9x
Nucor	$39B	$43B	$33B	1.3x	9.4x
Kinross Gold	$38B	$37B	$8B	4.7x	7.3x
Aluminum Corporation of China	$35B	$39B	$36B	1.1x	6.2x
JSW Steel	$34B	$45B	$20B	2.2x	13.7x
Fresnillo	$34B	$32B	$5B	6.1x	9.7x
Shandong Gold Mining	$33B	$40B	$16B	2.4x	12.4x
Shaanxi Coal Industry	$32B	$30B	$23B	1.3x	4.4x
Amman Mineral Internasion	$31B	$37B	$2B	15.2x	31.4x
Vedanta	$30B	$36B	$18B	2.0x	6.1x
Steel Dynamics	$29B	$33B	$19B	1.7x	13.4x
China Coal Energy	$29B	$29B	$22B	1.3x	5.4x
Coal India	$29B	$26B	$15B	1.7x	6.1x
China Northern Rare Earth	$29B	$29B	$6B	4.7x	—
Hindustan Zinc	$28B	$29B	$4B	6.7x	12.4x
Bayan Resources	$27B	$27B	—	—	—
China National Nuclear Corporation	$27B	$27B	$3B	9.3x	—
Tata Steel	$26B	$35B	$25B	1.4x	9.5x
Jiangxi Copper	$26B	$29B	$82B	0.4x	11.1x
Teck Resources	$26B	$29B	$8B	3.5x	8.4x
Lundin Mining	$26B	$26B	$4B	6.2x	12.2x
Yankuang Energy	$24B	$37B	$20B	1.8x	6.5x
Pan American Silver	$23B	$23B	$4B	5.8x	10.8x
Industrias Peñoles	$23B	$24B	$9B	2.7x	7.1x
Hindalco	$23B	$28B	$28B	1.0x	7.6x
Royal Gold	$22B	$23B	$1B	17.7x	21.2x
Baosteel	$22B	$X.XB	$45B	X.Xx	X.Xx
Lundin Gold	$22B	$X.XB	$2B	X.Xx	X.Xx
Northern Star Resources	$22B	$X.XB	$5B	X.Xx	X.Xx
First Quantum Minerals	$22B	$X.XB	$6B	X.Xx	X.Xx
Zhejiang Huayou Cobalt	$22B	$X.XB	$12B	X.Xx	X.Xx
National Atomic Co	$22B	$X.XB	—	X.Xx	X.Xx
Cerro Verde	$21B	$X.XB	—	X.Xx	X.Xx
Albemarle	$21B	$X.XB	$5B	X.Xx	X.Xx
Ganfeng Lithium	$21B	$X.XB	$4B	X.Xx	X.Xx
Boliden	$21B	$X.XB	$11B	X.Xx	X.Xx
Nippon Steel	$21B	$X.XB	$63B	X.Xx	X.Xx
Sociedad Química y Minera	$21B	$X.XB	$5B	X.Xx	X.Xx
Carpenter Technology	$20B	$X.XB	$3B	X.Xx	X.Xx
ATI	$20B	$X.XB	$5B	X.Xx	X.Xx
Korea Zinc	$20B	$X.XB	$12B	X.Xx	X.Xx
Coeur Mining	$20B	$X.XB	$3B	X.Xx	X.Xx
Alamos Gold	$19B	$X.XB	$2B	X.Xx	X.Xx
Alcoa	$19B	$X.XB	$13B	X.Xx	X.Xx
Severstal	$18B	$X.XB	—	X.Xx	X.Xx
Norsk Hydro	$18B	$X.XB	$22B	X.Xx	X.Xx
Implats	$18B	$X.XB	$7B	X.Xx	X.Xx
Evolution Mining	$18B	$X.XB	$4B	X.Xx	X.Xx
POSCO Holdings	$18B	$X.XB	$48B	X.Xx	X.Xx
Endeavour Mining	$17B	$X.XB	$5B	X.Xx	X.Xx
Reliance	$16B	$X.XB	$15B	X.Xx	X.Xx
First Majestic Silver	$16B	$X.XB	$1B	X.Xx	X.Xx
Ivanhoe Mines	$16B	$X.XB	$540M	X.Xx	X.Xx
KGHM	$15B	$X.XB	$11B	X.Xx	X.Xx
Equinox Gold	$15B	$X.XB	$2B	X.Xx	X.Xx
Jindal Steel	$14B	$X.XB	$6B	X.Xx	X.Xx
South32	$14B	$X.XB	$6B	X.Xx	X.Xx
Lynas Rare Earths	$14B	$X.XB	$696M	X.Xx	X.Xx
Hecla Mining	$13B	$X.XB	$1B	X.Xx	X.Xx
Mueller Industries	$12B	$X.XB	$4B	X.Xx	X.Xx
Jordan Phosphates Mines	$12B	$X.XB	—	X.Xx	X.Xx
Chifeng Jilong Gold	$12B	$X.XB	$2B	X.Xx	X.Xx
PLS Group	$11B	$X.XB	$1B	X.Xx	X.Xx
MP Materials	$11B	$X.XB	$304M	X.Xx	X.Xx
Hudbay Minerals	$11B	$X.XB	$2B	X.Xx	X.Xx
New Gold	$11B	$X.XB	$1B	X.Xx	X.Xx
Harmony Gold Mining	$10B	$X.XB	$6B	X.Xx	X.Xx
Managem	$10B	$X.XB	$1B	X.Xx	X.Xx
Northam Platinum Holdings	$10B	$X.XB	$3B	X.Xx	X.Xx
Rusal	$10B	$X.XB	—	X.Xx	X.Xx
China Steel	$10B	$X.XB	$10B	X.Xx	X.Xx
Minas Buenaventura	$9B	$X.XB	$2B	X.Xx	X.Xx
OR Royalties	$9B	$X.XB	$323M	X.Xx	X.Xx
Sibanye Stillwater	$9B	$X.XB	$9B	X.Xx	X.Xx
Aurubis	$9B	$X.XB	$24B	X.Xx	X.Xx
Triple Flag Precious Metals	$8B	$X.XB	$419M	X.Xx	X.Xx
G Mining Ventures	$8B	$X.XB	$636M	X.Xx	X.Xx
DPM Metals	$8B	$X.XB	$1B	X.Xx	X.Xx
SSAB AB (publ)	$8B	$X.XB	$11B	X.Xx	X.Xx
Ternium	$8B	$X.XB	$16B	X.Xx	X.Xx
NexGen Energy	$8B	$X.XB	—	X.Xx	X.Xx
Artemis Gold	$8B	$X.XB	$793M	X.Xx	X.Xx
Gerdau	$7B	$X.XB	$14B	X.Xx	X.Xx
ESAB	$7B	$X.XB	$3B	X.Xx	X.Xx
Orla Mining	$7B	$X.XB	$1B	X.Xx	X.Xx
Aura Minerals	$7B	$X.XB	$1B	X.Xx	X.Xx
thyssenkrupp	$7B	$X.XB	$38B	X.Xx	X.Xx
Mineral Resources	$7B	$X.XB	$4B	X.Xx	X.Xx
OceanaGold	$7B	$X.XB	$2B	X.Xx	X.Xx
Eldorado Gold	$7B	$X.XB	$2B	X.Xx	X.Xx
Jiaxin International Res	$7B	$X.XB	$277M	X.Xx	X.Xx
South Bow	$7B	$X.XB	$2B	X.Xx	X.Xx
Kumba Iron Ore	$7B	$X.XB	$4B	X.Xx	X.Xx
Merdeka Gold Resources	$7B	$X.XB	$115M	X.Xx	X.Xx
Commercial Metals	$7B	$X.XB	$9B	X.Xx	X.Xx
SSR Mining	$6B	$X.XB	$2B	X.Xx	X.Xx
B2Gold	$6B	$X.XB	$3B	X.Xx	X.Xx
Discovery Silver	$6B	$X.XB	$833M	X.Xx	X.Xx
Capstone Copper	$6B	$X.XB	$2B	X.Xx	X.Xx
Greatland Resources	$6B	$X.XB	$1B	X.Xx	X.Xx
Metlen Energy & Metals	$6B	$X.XB	$9B	X.Xx	X.Xx
Minsur	$6B	$X.XB	$3B	X.Xx	X.Xx
K92 Mining	$6B	$X.XB	$679M	X.Xx	X.Xx
CSN Mineração	$6B	$X.XB	$3B	X.Xx	X.Xx
Energy Fuels	$6B	$X.XB	$94M	X.Xx	X.Xx
Kobe Steel	$6B	$X.XB	$16B	X.Xx	X.Xx
Hochschild Mining	$5B	$X.XB	$1B	X.Xx	X.Xx
Sandfire Resources	$5B	$X.XB	$2B	X.Xx	X.Xx
Nanshan Aluminium	$5B	$X.XB	$1B	X.Xx	X.Xx
Century Aluminum	$5B	$X.XB	$3B	X.Xx	X.Xx
Perseus Mining	$5B	$X.XB	$1B	X.Xx	X.Xx
Ramelius Resources	$5B	$X.XB	$777M	X.Xx	X.Xx
Cleveland-Cliffs	$5B	$X.XB	$19B	X.Xx	X.Xx
Pan African Resources	$5B	$X.XB	$1B	X.Xx	X.Xx
Erdemir	$5B	$X.XB	$5B	X.Xx	X.Xx
Evolution Metals & Technologies	$5B	$X.XB	$14M	X.Xx	X.Xx
Danieli & C. Officine	$5B	$X.XB	$5B	X.Xx	X.Xx
Almonty Industries	$5B	$X.XB	—	X.Xx	X.Xx
Genesis Minerals	$5B	$X.XB	$1B	X.Xx	X.Xx
Hycroft Mining Holding	$5B	$X.XB	—	X.Xx	X.Xx
Torex Gold Resources	$5B	$X.XB	$2B	X.Xx	X.Xx
Skeena Resources	$5B	$X.XB	$628K	X.Xx	X.Xx
Viohalco	$5B	$X.XB	—	X.Xx	X.Xx
Grupo Simec	$4B	$X.XB	—	X.Xx	X.Xx
Core Natural Resources	$4B	$X.XB	$4B	X.Xx	X.Xx
Montage Gold	$4B	$X.XB	$19M	X.Xx	X.Xx
Koza Altin	$4B	$X.XB	$611M	X.Xx	X.Xx
NGEx Minerals	$4B	$X.XB	—	X.Xx	X.Xx
IGO	$4B	$X.XB	$297M	X.Xx	X.Xx
Centerra Gold	$4B	$X.XB	$1B	X.Xx	X.Xx
Peabody Energy	$4B	$X.XB	$4B	X.Xx	X.Xx
Industrias CH	$4B	$X.XB	$2B	X.Xx	X.Xx
Novagold Resources	$4B	$X.XB	—	X.Xx	X.Xx
Westgold Resources	$4B	$X.XB	$2B	X.Xx	X.Xx
Denison Mines	$4B	$X.XB	—	X.Xx	X.Xx
Allied Gold	$4B	$X.XB	$2B	X.Xx	X.Xx
Endeavour Silver	$4B	$X.XB	$529M	X.Xx	X.Xx
Liontown	$4B	$X.XB	$466M	X.Xx	X.Xx
Perpetua Resources	$4B	$X.XB	—	X.Xx	X.Xx
Acerinox	$4B	$X.XB	$7B	X.Xx	X.Xx
Constellium	$4B	$X.XB	$9B	X.Xx	X.Xx
Regis Resources	$4B	$X.XB	$2B	X.Xx	X.Xx
Ero Copper	$3B	$X.XB	$913M	X.Xx	X.Xx
Capricorn Metals	$3B	$X.XB	$484M	X.Xx	X.Xx
Aluminium Bahrain	$3B	$X.XB	$5B	X.Xx	X.Xx
Salzgitter	$3B	$X.XB	$11B	X.Xx	X.Xx
Americas Gold And Silver	$3B	$X.XB	—	X.Xx	X.Xx
Seabridge Gold	$3B	$X.XB	—	X.Xx	X.Xx
Minera Frisco	$3B	$X.XB	—	X.Xx	X.Xx
Taseko Mines	$3B	$X.XB	—	X.Xx	X.Xx
Fortuna Mining	$3B	$X.XB	$1B	X.Xx	X.Xx
Outokumpu	$3B	$X.XB	$7B	X.Xx	X.Xx
Silvercorp Metals	$3B	$X.XB	$410M	X.Xx	X.Xx
Aya Gold & Silver	$3B	$X.XB	$265M	X.Xx	X.Xx
Vault Minerals	$3B	$X.XB	$1B	X.Xx	X.Xx
Wesdome Gold Mines	$3B	$X.XB	$747M	X.Xx	X.Xx
İsdemir	$3B	$X.XB	—	X.Xx	X.Xx
Poderosa	$3B	$X.XB	—	X.Xx	X.Xx
Aperam	$3B	$X.XB	$7B	X.Xx	X.Xx
Grupa Kety	$3B	$X.XB	$2B	X.Xx	X.Xx
African Rainbow Minerals	$3B	$X.XB	$919M	X.Xx	X.Xx
Nickel Industries	$3B	$X.XB	$2B	X.Xx	X.Xx
DRDGold	$3B	$X.XB	$568M	X.Xx	X.Xx
Emerald Resources	$3B	$X.XB	$408M	X.Xx	X.Xx
West African Resources	$3B	$X.XB	$1B	X.Xx	X.Xx
TMC The Metals	$2B	$X.XB	—	X.Xx	X.Xx
Sims	$2B	$X.XB	$5B	X.Xx	X.Xx
Metalúrgica Gerdau	$2B	$X.XB	$256M	X.Xx	X.Xx
Pucobre	$2B	$X.XB	—	X.Xx	X.Xx
Emsteel	$2B	$X.XB	—	X.Xx	X.Xx
Aluminium of Egypt	$2B	$X.XB	$873M	X.Xx	X.Xx
Worthington Steel	$2B	$X.XB	$3B	X.Xx	X.Xx
Alleima	$2B	$X.XB	$2B	X.Xx	X.Xx
QAMCO	$2B	$X.XB	$1B	X.Xx	X.Xx
Kaiser Aluminum	$2B	$X.XB	$3B	X.Xx	X.Xx
Almasane Alkobra Mining	$2B	$X.XB	—	X.Xx	X.Xx
AVZ Minerals	$2B	$X.XB	—	X.Xx	X.Xx
Atalaya Mining Copper	$2B	$X.XB	$575M	X.Xx	X.Xx
Resolute Mining	$2B	$X.XB	$967M	X.Xx	X.Xx
Iluka Resources	$2B	$X.XB	$674M	X.Xx	X.Xx
Champion Iron	$2B	$X.XB	$1B	X.Xx	X.Xx
Nexa Resources	$2B	$X.XB	$3B	X.Xx	X.Xx
Ternium Argentina	$2B	$X.XB	—	X.Xx	X.Xx
Eramet	$2B	$X.XB	$3B	X.Xx	X.Xx
Duro Dakovic Grupa	$2B	$X.XB	—	X.Xx	X.Xx
Elvalhalcor	$2B	$X.XB	$4B	X.Xx	X.Xx
Granges	$2B	$X.XB	$3B	X.Xx	X.Xx
Solaris Resources	$2B	$X.XB	—	X.Xx	X.Xx
Usiminas	$2B	$X.XB	$5B	X.Xx	X.Xx
McEwen	$2B	$X.XB	$222M	X.Xx	X.Xx
Companhia Siderúrgica Nacional	$2B	$X.XB	$9B	X.Xx	X.Xx
Aluar Aluminio Argentino	$2B	$X.XB	—	X.Xx	X.Xx
Sigma Lithium	$2B	$X.XB	$176M	X.Xx	X.Xx
Bellevue Gold	$2B	$X.XB	$462M	X.Xx	X.Xx
Molymet	$2B	$X.XB	—	X.Xx	X.Xx
EVRAZ	$2B	$X.XB	—	X.Xx	X.Xx
Lithium Americas	$2B	$X.XB	—	X.Xx	X.Xx
International Gemological Institute	$2B	$X.XB	$137M	X.Xx	X.Xx
Gold.com	$2B	$X.XB	$17B	X.Xx	X.Xx
Predictive Discovery	$2B	$X.XB	$185M	X.Xx	X.Xx
Ora Banda Mining	$1B	$X.XB	$516M	X.Xx	X.Xx
Mineros	$1B	$X.XB	$838M	X.Xx	X.Xx
Osisko Development	$1B	$X.XB	$23M	X.Xx	X.Xx
Alphamin Resources	$1B	$X.XB	—	X.Xx	X.Xx
Alkane Resources	$1B	$X.XB	$542M	X.Xx	X.Xx
Nexa Resources Perú	$1B	$X.XB	—	X.Xx	X.Xx
Volcán	$1B	$X.XB	—	X.Xx	X.Xx
AMG Critical Materials	$1B	$X.XB	$2B	X.Xx	X.Xx
Companhia Brasileira de Aluminio	$1B	$X.XB	$2B	X.Xx	X.Xx
Lithium Argentina	$1B	$X.XB	—	X.Xx	X.Xx
Zimplats Holdings	$1B	$X.XB	—	X.Xx	X.Xx
Critical Metals	$1B	$X.XB	—	X.Xx	X.Xx
United States Antimony	$1B	$X.XB	$62M	X.Xx	X.Xx
SMI - Ste Metallurgique d'Imiter	$1B	$X.XB	—	X.Xx	X.Xx
AMAG Austria Metall	$1B	$X.XB	$2B	X.Xx	X.Xx
SolGold	$1B	$X.XB	—	X.Xx	X.Xx
CAP	$1B	$X.XB	$2B	X.Xx	X.Xx
Catalyst Metals	$1B	$X.XB	$422M	X.Xx	X.Xx
EQ Resources	$1B	$X.XB	—	X.Xx	X.Xx
Compass Minerals	$1B	$X.XB	$1B	X.Xx	X.Xx
Minerals 260	$1B	$X.XB	—	X.Xx	X.Xx
CVK Maden	$1B	$X.XB	—	X.Xx	X.Xx
Develop Global	$1B	$X.XB	$262M	X.Xx	X.Xx
Dateline Resources	$1B	$X.XB	—	X.Xx	X.Xx
Elevra Lithium	$983M	$X.XB	$223M	X.Xx	X.Xx
Energy Resources of Australia	$981M	$X.XB	—	X.Xx	X.Xx
Arafura Rare Earths	$971M	$X.XB	—	X.Xx	X.Xx
Pantoro Gold	$952M	$X.XB	$354M	X.Xx	X.Xx
FireFly Metals	$901M	$X.XB	—	X.Xx	X.Xx
IperionX	$890M	$X.XB	$4M	X.Xx	X.Xx
Sunrise Energy Metals	$882M	$X.XB	($4M)	X.Xx	X.Xx
Lindian Resources	$874M	$X.XB	$182K	X.Xx	X.Xx
Sonasid	$873M	$X.XB	$690M	X.Xx	X.Xx
JSW S.A.	$855M	$X.XB	$3B	X.Xx	X.Xx
El Brocal	$847M	$X.XB	—	X.Xx	X.Xx
BCI Minerals	$843M	$X.XB	—	X.Xx	X.Xx
Honbridge Holdings	$842M	$X.XB	—	X.Xx	X.Xx
Kingsgate	$808M	$X.XB	$398M	X.Xx	X.Xx
Metals X	$797M	$X.XB	$215M	X.Xx	X.Xx
Kardemir	$791M	$X.XB	$2B	X.Xx	X.Xx
Brazilian Rare Earths	$786M	$X.XB	$2M	X.Xx	X.Xx
Ferroglobe	$761M	$X.XB	$1B	X.Xx	X.Xx
WA1 Resources	$756M	$X.XB	—	X.Xx	X.Xx
Metallus	$739M	$X.XB	$1B	X.Xx	X.Xx
Guardian Metal Resources	$732M	$X.XB	—	X.Xx	X.Xx
Magnetic Resources	$732M	$X.XB	$30K	X.Xx	X.Xx
NioCorp	$677M	$X.XB	—	X.Xx	X.Xx
Mennica Polska	$668M	$X.XB	—	X.Xx	X.Xx
Compagnie Miniere de Touissit	$644M	$X.XB	$74M	X.Xx	X.Xx
Ferbasa	$644M	$X.XB	—	X.Xx	X.Xx
Troax Group	$623M	$X.XB	$320M	X.Xx	X.Xx
Metals Exploration	$622M	$X.XB	$222M	X.Xx	X.Xx
Caledonia Mining Corporation	$615M	$X.XB	$290M	X.Xx	X.Xx
Corporación Aceros Arequipa	$604M	$X.XB	—	X.Xx	X.Xx
Politeknik	$589M	$X.XB	—	X.Xx	X.Xx
AltynGold	$562M	$X.XB	$178M	X.Xx	X.Xx
Aclara Resources	$542M	$X.XB	—	X.Xx	X.Xx
Central Asia Metals	$542M	$X.XB	$241M	X.Xx	X.Xx
Olympic Steel	$539M	$X.XB	—	X.Xx	X.Xx
Tharisa	$532M	$X.XB	$665M	X.Xx	X.Xx
St Barbara	$531M	$X.XB	$175M	X.Xx	X.Xx
Black Cat Syndicate	$516M	$X.XB	$250M	X.Xx	X.Xx
Core Lithium	$514M	$X.XB	$6M	X.Xx	X.Xx
Pensana	$505M	$X.XB	—	X.Xx	X.Xx
Kocaer Çelik	$492M	$X.XB	—	X.Xx	X.Xx
Algoma Steel Group	$492M	$X.XB	$1B	X.Xx	X.Xx
Focus Minerals	$484M	$X.XB	—	X.Xx	X.Xx
Tivan	$478M	$X.XB	—	X.Xx	X.Xx
Viscaria	$471M	$X.XB	—	X.Xx	X.Xx
Ferrexpo	$463M	$X.XB	$799M	X.Xx	X.Xx
Oando	$463M	$X.XB	—	X.Xx	X.Xx
Turaco Gold	$456M	$X.XB	—	X.Xx	X.Xx
Santana Minerals	$451M	$X.XB	—	X.Xx	X.Xx
Wia Gold	$439M	$X.XB	$244K	X.Xx	X.Xx
ACG Metals	$435M	$X.XB	—	X.Xx	X.Xx
Vox Royalty	$434M	$X.XB	$19M	X.Xx	X.Xx
Sylvania Platinum	$430M	$X.XB	—	X.Xx	X.Xx
29Metals	$430M	$X.XB	$416M	X.Xx	X.Xx
Rox Resources	$423M	$X.XB	$2M	X.Xx	X.Xx
Tubacex	$413M	$X.XB	$862M	X.Xx	X.Xx
Endomines	$406M	$X.XB	$60M	X.Xx	X.Xx
Lifezone Metals	$398M	$X.XB	—	X.Xx	X.Xx
Chalice Mining	$388M	$X.XB	$34K	X.Xx	X.Xx
African Gold	$382M	$X.XB	$1M	X.Xx	X.Xx
Nouveau Monde Graphite	$379M	$X.XB	—	X.Xx	X.Xx
Coronado Global Resources	$377M	$X.XB	$2B	X.Xx	X.Xx
Strickland Metals	$373M	$X.XB	—	X.Xx	X.Xx
Larvotto Resources	$373M	$X.XB	$17M	X.Xx	X.Xx
Jupiter Mines	$367M	$X.XB	$4M	X.Xx	X.Xx
Wildcat resources	$366M	$X.XB	$508K	X.Xx	X.Xx
New Murchison Gold	$361M	$X.XB	$151K	X.Xx	X.Xx
Serabi Gold	$353M	$X.XB	$173M	X.Xx	X.Xx
Meeka Metals	$346M	$X.XB	$127M	X.Xx	X.Xx
Tupy	$345M	$X.XB	$2B	X.Xx	X.Xx
Ausgold	$343M	$X.XB	$625K	X.Xx	X.Xx
Galan Lithium	$339M	$X.XB	$4M	X.Xx	X.Xx
U.S. Gold	$335M	$X.XB	—	X.Xx	X.Xx
MGX Resources	$327M	$X.XB	$214M	X.Xx	X.Xx
Stalprodukt	$326M	$X.XB	$1B	X.Xx	X.Xx
ST George Mining	$321M	$X.XB	$33K	X.Xx	X.Xx
Metallium	$316M	$X.XB	—	X.Xx	X.Xx
Minera Corona	$315M	$X.XB	—	X.Xx	X.Xx
Aeris Resources	$315M	$X.XB	$507M	X.Xx	X.Xx
Southern Peru Copper	$309M	$X.XB	—	X.Xx	X.Xx
Empire Metals	$306M	$X.XB	—	X.Xx	X.Xx
Aurelia Metals	$305M	$X.XB	$284M	X.Xx	X.Xx
Sovereign Metals	$304M	$X.XB	—	X.Xx	X.Xx
Invercap	$303M	$X.XB	—	X.Xx	X.Xx
Meteoric Resources	$302M	$X.XB	—	X.Xx	X.Xx
Rana Gruber	$300M	$X.XB	$167M	X.Xx	X.Xx
AIC Mines	$298M	$X.XB	$165M	X.Xx	X.Xx
KME Group	$295M	$X.XB	—	X.Xx	X.Xx
Andean Silver	$290M	$X.XB	$921K	X.Xx	X.Xx
Metro Mining	$289M	$X.XB	$278M	X.Xx	X.Xx
Cognor Holding	$286M	$X.XB	$626M	X.Xx	X.Xx
Les Eaux Minerales	$285M	$X.XB	$365M	X.Xx	X.Xx
Brightstar Resources	$281M	$X.XB	$95M	X.Xx	X.Xx
Tolu Minerals	$280M	$X.XB	$9M	X.Xx	X.Xx
Ioneer	$276M	$X.XB	$504K	X.Xx	X.Xx
European Lithium	$267M	$X.XB	—	X.Xx	X.Xx
Antipa Minerals	$264M	$X.XB	$284K	X.Xx	X.Xx
Beacon Minerals	$262M	$X.XB	$105M	X.Xx	X.Xx
Mermeren Kombinat	$262M	$X.XB	—	X.Xx	X.Xx
İzmir Demir Çelik	$260M	$X.XB	—	X.Xx	X.Xx
Unico Silver	$259M	$X.XB	—	X.Xx	X.Xx
Lotus Resources	$257M	$X.XB	$8M	X.Xx	X.Xx
KEFI Gold and Copper	$249M	$X.XB	—	X.Xx	X.Xx
Silver Mines	$246M	$X.XB	—	X.Xx	X.Xx
Bravo Mining	$244M	$X.XB	—	X.Xx	X.Xx
Siderperú	$243M	$X.XB	—	X.Xx	X.Xx
Toubani Resources	$243M	$X.XB	—	X.Xx	X.Xx
Tungsten Mining	$241M	$X.XB	$610K	X.Xx	X.Xx
Foraco International	$239M	$X.XB	$269M	X.Xx	X.Xx
Centaurus Metals	$236M	$X.XB	$0K	X.Xx	X.Xx
Challenger Gold	$236M	$X.XB	—	X.Xx	X.Xx
Vişne Madencilik	$236M	$X.XB	—	X.Xx	X.Xx
Alro	$231M	$X.XB	—	X.Xx	X.Xx
Astral Resources	$224M	$X.XB	$118K	X.Xx	X.Xx
Kore Potash	$220M	$X.XB	—	X.Xx	X.Xx
Ramada Investimentos	$220M	$X.XB	—	X.Xx	X.Xx
Medallion Metals	$217M	$X.XB	—	X.Xx	X.Xx
Red Hill Minerals	$213M	$X.XB	—	X.Xx	X.Xx
Tribune Resources	$213M	$X.XB	—	X.Xx	X.Xx
Nova Minerals	$211M	$X.XB	—	X.Xx	X.Xx
Shougang Hierro Peru	$201M	$X.XB	—	X.Xx	X.Xx
GreenX Metals	$201M	$X.XB	—	X.Xx	X.Xx
West Wits Mining	$195M	$X.XB	—	X.Xx	X.Xx
Gulf Island Fabrication	$192M	$X.XB	—	X.Xx	X.Xx
MC Mining	$192M	$X.XB	—	X.Xx	X.Xx
Prospect Resources	$189M	$X.XB	$30K	X.Xx	X.Xx
Rainbow Rare Earths	$188M	$X.XB	—	X.Xx	X.Xx
Canyon Resources	$185M	$X.XB	—	X.Xx	X.Xx
Alicanto Minerals	$183M	$X.XB	—	X.Xx	X.Xx
Astron	$181M	$X.XB	$8M	X.Xx	X.Xx
Hot Chili	$180M	$X.XB	$320K	X.Xx	X.Xx
Torque Metals	$178M	$X.XB	—	X.Xx	X.Xx
Saturn Metals	$178M	$X.XB	$742K	X.Xx	X.Xx
Viridis Mining	$176M	$X.XB	$7K	X.Xx	X.Xx
Bougainville Copper	$176M	$X.XB	—	X.Xx	X.Xx
Namib Minerals	$175M	$X.XB	—	X.Xx	X.Xx
Emmerson Resources	$174M	$X.XB	—	X.Xx	X.Xx
US Goldmining	$173M	$X.XB	—	X.Xx	X.Xx
Jubilee Metals Group	$173M	$X.XB	$280M	X.Xx	X.Xx
Gorilla Gold Mines	$172M	$X.XB	—	X.Xx	X.Xx
Horizon Gold	$171M	$X.XB	—	X.Xx	X.Xx
Fenix Resources	$169M	$X.XB	$375M	X.Xx	X.Xx
Theta Gold Mines	$168M	$X.XB	—	X.Xx	X.Xx
Aurum Resources	$167M	$X.XB	—	X.Xx	X.Xx
Ascent Industries	$167M	$X.XB	—	X.Xx	X.Xx
Sun Silver	$166M	$X.XB	$419K	X.Xx	X.Xx
Northern Minerals	$165M	$X.XB	$391K	X.Xx	X.Xx
Sotkamo Silver	$164M	$X.XB	$55M	X.Xx	X.Xx
Boab Metals	$159M	$X.XB	$26K	X.Xx	X.Xx
Orion Minerals	$159M	$X.XB	$2M	X.Xx	X.Xx
Horizon Minerals	$158M	$X.XB	$43M	X.Xx	X.Xx
Largo Inc.	$155M	$X.XB	$124M	X.Xx	X.Xx
Broken Hill Mines	$153M	$X.XB	$62M	X.Xx	X.Xx
Grange Resources	$152M	$X.XB	—	X.Xx	X.Xx
Polymetals Resources	$151M	$X.XB	$123M	X.Xx	X.Xx
PanAtlântica	$149M	$X.XB	—	X.Xx	X.Xx
Cyprium Metals	$146M	$X.XB	$392K	X.Xx	X.Xx
Barton Gold Holdings	$144M	$X.XB	$6M	X.Xx	X.Xx
Victory Metals	$143M	$X.XB	—	X.Xx	X.Xx
Austral Resources	$143M	$X.XB	$17M	X.Xx	X.Xx
Waratah Minerals	$142M	$X.XB	—	X.Xx	X.Xx
KGL Resources	$141M	$X.XB	—	X.Xx	X.Xx
Eurasia Mining	$140M	$X.XB	$3M	X.Xx	X.Xx
Scully Royalty	$139M	$X.XB	—	X.Xx	X.Xx
Syrah Resources	$137M	$X.XB	$53M	X.Xx	X.Xx
Autlán	$134M	$X.XB	$328M	X.Xx	X.Xx
Atlas Lithium	$132M	$X.XB	$15M	X.Xx	X.Xx
American Rare Earths	$128M	$X.XB	—	X.Xx	X.Xx
Echelon Resources	$124M	$X.XB	—	X.Xx	X.Xx
Nordic Mining	$124M	$X.XB	$9M	X.Xx	X.Xx
Friedman Indus	$124M	$X.XB	—	X.Xx	X.Xx
Ecograf	$121M	$X.XB	—	X.Xx	X.Xx
Mangata Holding	$121M	$X.XB	$220M	X.Xx	X.Xx
NexMetals Mining	$117M	$X.XB	—	X.Xx	X.Xx
Mevaco	$116M	$X.XB	—	X.Xx	X.Xx
Kaiser Reef	$115M	$X.XB	$112M	X.Xx	X.Xx
Renascor Resources	$114M	$X.XB	$3M	X.Xx	X.Xx
Odlewnie Polskie	$114M	$X.XB	—	X.Xx	X.Xx
Tesoro Gold	$112M	$X.XB	—	X.Xx	X.Xx
ZJK Industrial	$107M	$X.XB	—	X.Xx	X.Xx
Cintac	$102M	$X.XB	—	X.Xx	X.Xx
Quantum Graphite	$100M	$X.XB	—	X.Xx	X.Xx
Installux	$97M	$X.XB	—	X.Xx	X.Xx
Encounter Resources	$97M	$X.XB	$148K	X.Xx	X.Xx
Gateway Mining	$96M	$X.XB	—	X.Xx	X.Xx
Brockman Mining	$95M	$X.XB	—	X.Xx	X.Xx
Collado	$92M	$X.XB	—	X.Xx	X.Xx
Alita Resources	$90M	$X.XB	—	X.Xx	X.Xx
Adyton Resources	$86M	$X.XB	—	X.Xx	X.Xx
Rand Mining	$85M	$X.XB	—	X.Xx	X.Xx
Felix Gold	$85M	$X.XB	—	X.Xx	X.Xx
Hillgrove Resources	$83M	$X.XB	$134M	X.Xx	X.Xx
Aspire Mining	$83M	$X.XB	—	X.Xx	X.Xx
Energy Transition Minerals	$82M	$X.XB	—	X.Xx	X.Xx
Fosfatos del Pacifico	$82M	$X.XB	—	X.Xx	X.Xx
Ardea Resources	$80M	$X.XB	—	X.Xx	X.Xx
Afarak Group	$80M	$X.XB	—	X.Xx	X.Xx
ProfilGruppen	$79M	$X.XB	—	X.Xx	X.Xx
ArcelorMittal South Africa	$79M	$X.XB	—	X.Xx	X.Xx
Hongli Group	$77M	$X.XB	—	X.Xx	X.Xx
Blue Gold	$73M	$X.XB	—	X.Xx	X.Xx
Falcon Metals	$72M	$X.XB	—	X.Xx	X.Xx
Aldoro Resources	$72M	$X.XB	—	X.Xx	X.Xx
Hastings Technology Metals	$71M	$X.XB	$23M	X.Xx	X.Xx
Dreadnought Resources	$71M	$X.XB	$289K	X.Xx	X.Xx
Electra Battery Materials	$69M	$X.XB	—	X.Xx	X.Xx
HAKI Safety	$69M	$X.XB	$130M	X.Xx	X.Xx
Impol Seval	$68M	$X.XB	—	X.Xx	X.Xx
MFO	$64M	$X.XB	—	X.Xx	X.Xx
Sherritt	$62M	$X.XB	$112M	X.Xx	X.Xx
Matsa Resources	$62M	$X.XB	—	X.Xx	X.Xx
Alcomet	$61M	$X.XB	—	X.Xx	X.Xx
Botnia Gold	$59M	$X.XB	—	X.Xx	X.Xx
Tubos Reunidos	$57M	$X.XB	—	X.Xx	X.Xx
FST	$55M	$X.XB	$50M	X.Xx	X.Xx
Golden Horse Minerals	$55M	$X.XB	—	X.Xx	X.Xx
Kingston Resources	$53M	$X.XB	$32M	X.Xx	X.Xx
Terramin Australia	$53M	$X.XB	—	X.Xx	X.Xx
Osmond Resources	$53M	$X.XB	—	X.Xx	X.Xx
Componenta	$52M	$X.XB	$138M	X.Xx	X.Xx
Odyssey Marine Explr	$51M	$X.XB	—	X.Xx	X.Xx
Altos Hornos de Mexico	$51M	$X.XB	—	X.Xx	X.Xx
Anson Resources	$50M	$X.XB	—	X.Xx	X.Xx
Akobo Minerals	$50M	$X.XB	—	X.Xx	X.Xx
BE Group	$50M	$X.XB	—	X.Xx	X.Xx
Lion Rock Minerals	$49M	$X.XB	—	X.Xx	X.Xx
Mindax	$49M	$X.XB	—	X.Xx	X.Xx
Schwager	$48M	$X.XB	—	X.Xx	X.Xx
Elastron	$47M	$X.XB	—	X.Xx	X.Xx
Native Mineral Resources	$44M	$X.XB	—	X.Xx	X.Xx
Sunstone Metals	$44M	$X.XB	—	X.Xx	X.Xx
Wesizwe Platinum	$43M	$X.XB	—	X.Xx	X.Xx
ZBM ZREMB-Chojnice	$43M	$X.XB	—	X.Xx	X.Xx
Locksley Resources	$43M	$X.XB	—	X.Xx	X.Xx
AGES Industri	$37M	$X.XB	—	X.Xx	X.Xx
Blackstone Minerals	$36M	$X.XB	$1M	X.Xx	X.Xx
SIMSA	$35M	$X.XB	—	X.Xx	X.Xx
Compañía Minera Santa Luisa	$35M	$X.XB	—	X.Xx	X.Xx
Aguia Resources	$35M	$X.XB	—	X.Xx	X.Xx
Makstil	$34M	$X.XB	—	X.Xx	X.Xx
Nordic Iron Ore	$31M	$X.XB	—	X.Xx	X.Xx
Sidma Steel	$29M	$X.XB	—	X.Xx	X.Xx
PazdelRío	$28M	$X.XB	—	X.Xx	X.Xx
Izostal	$28M	$X.XB	—	X.Xx	X.Xx
Murray & Roberts	$27M	$X.XB	—	X.Xx	X.Xx
Bluelake Mineral	$27M	$X.XB	$82K	X.Xx	X.Xx
Wishbone Gold	$26M	$X.XB	—	X.Xx	X.Xx
Bowim	$26M	$X.XB	—	X.Xx	X.Xx
Euromax Resources	$24M	$X.XB	—	X.Xx	X.Xx
Lappland	$24M	$X.XB	—	X.Xx	X.Xx
Zamet	$23M	$X.XB	—	X.Xx	X.Xx
Pearl Gold	$20M	$X.XB	—	X.Xx	X.Xx
Perubar	$20M	$X.XB	—	X.Xx	X.Xx
Alara Resources	$19M	$X.XB	—	X.Xx	X.Xx
Drillcon	$18M	$X.XB	—	X.Xx	X.Xx
Alumil Rom Industry	$18M	$X.XB	—	X.Xx	X.Xx
Paranapanema	$17M	$X.XB	—	X.Xx	X.Xx
Burgundy Diamond Mines	$17M	$X.XB	$186M	X.Xx	X.Xx
Antioquia Gold	$16M	$X.XB	—	X.Xx	X.Xx
Asturiana de Laminados	$16M	$X.XB	—	X.Xx	X.Xx
Unior Kovaska industrija	$16M	$X.XB	—	X.Xx	X.Xx
Eurobattery Minerals	$16M	$X.XB	—	X.Xx	X.Xx
Gold By Gold	$14M	$X.XB	—	X.Xx	X.Xx
Polska Grupa Fotowoltaiczna	$14M	$X.XB	—	X.Xx	X.Xx
FASING S.A.	$13M	$X.XB	—	X.Xx	X.Xx
Nyrstar	$12M	$X.XB	—	X.Xx	X.Xx
Castrovirreyna Compañía Minera	$11M	$X.XB	—	X.Xx	X.Xx
Mahvie Minerals	$10M	$X.XB	—	X.Xx	X.Xx
Bitros Holdings	$9M	$X.XB	—	X.Xx	X.Xx
Coil	$8M	$X.XB	—	X.Xx	X.Xx
Lovisagruvan	$7M	$X.XB	—	X.Xx	X.Xx
Mangels	$7M	$X.XB	—	X.Xx	X.Xx
Pipe Works L Girakian	$6M	$X.XB	—	X.Xx	X.Xx
Cell Impact	$5M	$X.XB	—	X.Xx	X.Xx
EKOPOL Gornoslaski Holding	$5M	$X.XB	—	X.Xx	X.Xx
Haga	$4M	$X.XB	—	X.Xx	X.Xx
MMX Mineracao E Metalicos	$4M	$X.XB	—	X.Xx	X.Xx
Liberti Skopje	$4M	$X.XB	—	X.Xx	X.Xx
GBM Resources	$3M	$X.XB	—	X.Xx	X.Xx
Nordic Flanges Group	$3M	$X.XB	—	X.Xx	X.Xx
Leventeris	$3M	$X.XB	—	X.Xx	X.Xx
VISTAL Gdynia	$3M	$X.XB	—	X.Xx	X.Xx
Minera IRL	$2M	$X.XB	—	X.Xx	X.Xx
Green Minerals	$2M	$X.XB	—	X.Xx	X.Xx
Precomp Solutions	$2M	$X.XB	—	X.Xx	X.Xx
Harvest Minerals	$2M	$X.XB	—	X.Xx	X.Xx
IEQSA	$2M	$X.XB	—	X.Xx	X.Xx
Mingteng International	$2M	$X.XB	—	X.Xx	X.Xx
Galvo	$1M	$X.XB	—	X.Xx	X.Xx
Ceritech	$1M	$X.XB	—	X.Xx	X.Xx
Amnode	$699K	$X.XB	—	X.Xx	X.Xx
Africa Resources	$540K	$X.XB	—	X.Xx	X.Xx
Dana Resources	$80K	$X.XB	—	X.Xx	X.Xx
Trigg Minerals	—	$X.XB	—	X.Xx	X.Xx