AAUC Allied Gold Corporation
Revenue is Sadiola mine (55%), Bonikro mine (24%) and Agbaou mine (21%).
Owner earnings 2024–2025 $63M$442M
Retained capital not read
Balance sheet Net cash, +$325M
Gold & Precious Metals
42 members, AAUC to WPM, A to Z by ticker.
- Gross profitability
- median 11% — gross profit as a share of total assets, each member's median across its readable years; read on 27 of 42 members
- Capital intensity
- median 18.0% — capital expenditure as a share of revenue, each member's median across its readable years; read on 33 of 42 members
- Net cash
- 29 of the 42 members with a readable debt line hold more cash and short-term investments than total debt
Figures describe the list as a group, from each member's own filed record; they name no member and form no rank. A member missing an input is absent from that median, never counted against the others.
From the latest filings · data as of July 9, 2026.
AEM Agnico Eagle Mines Limited
The Company's strategy is to deliver high quality growth while maintaining high performance standards in health and safety, environmental matters and social responsibility; build a strong pipeline of projects to drive future production; and employ the best people and motivate them to reach their potential.
Owner earnings 2016–2025 $263M$259M$52M$336M$433M$448M$1.0B$947M$2.1B$5.2B
Retained capital Retained $6.0B of earnings over 2016–2025; annual owner earnings grew $2.6B, $0.43 per $1 retained.
Balance sheet Net cash, +$2.7B · dividend paid 10 of 10 yrs, never cut
AG FIRST MAJESTIC SILVER CORP.
Revenue is led by Los Gatos (39%) and Santa Elena (28%), with 3 more segments behind.
Owner earnings 2016–2025 $81M$50M($2M)$98M$36M$12M($41M)$24M$132M$464M
Retained capital Paid out $489M more than it earned over 2016–2025; annual owner earnings grew $163M.
Balance sheet Net cash, +$682M · dividend paid 5 of 10 yrs, cut at least once
AGI Alamos Gold Inc. Class A
ALAMOS GOLD INC market price of securities of many companies has experienced wide fluctuations which have not necessarily been related to the operating performance, underlying asset values, or prospects of such companies.
Owner earnings 2017–2025 $1M($8M)($3M)$122M$8M($15M)$124M$244M$288M
Retained capital Retained $1.3B of earnings over 2017–2025; annual owner earnings grew $222M, $0.17 per $1 retained.
Balance sheet Net cash, +$423M · dividend paid 9 of 9 yrs, never cut
ARIS Aris Mining Corporation
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2022–2025 $43M$68M$107M$319M
Retained capital Retained $96M of earnings over 2022–2025; annual owner earnings grew $92M, $0.96 per $1 retained.
Balance sheet Modest net debt, $74M · dividend paid 1 of 4 yrs, cut at least once
AU AngloGold Ashanti PLC
AngloGold Ashanti plc is an independent, global gold mining company with a diverse portfolio of operations, projects and exploration activities across 10 countries on four continents.
Owner earnings 2021–2025 $792M$1.2B$314M$1.2B$3.3B
Retained capital Retained $2.8B of earnings over 2021–2025; annual owner earnings grew $864M, $0.31 per $1 retained.
Balance sheet Net cash, +$880M · dividend paid 5 of 5 yrs, cut at least once
B Barrick Mining Corporation
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2016–2025 $1.5B$669M$365M$1.1B$3.4B$1.9B$1.5B$1.7B$2.6B$5.8B
Retained capital Retained $9.8B of earnings over 2016–2025; annual owner earnings grew $2.5B, $0.26 per $1 retained.
Balance sheet Net cash, +$2.0B · dividend paid 10 of 10 yrs, cut at least once
BTG B2Gold Corp Common shares (Canada)
A metals and mining business, a price-taker on a global commodity.
Owner earnings not read
Retained capital not read
Balance sheet Modest net debt, $184M
CDE Coeur Mining Inc.
Revenue is Gold (65%) and Silver sales (35%).
Owner earnings 2016–2025 $31M$72M($123M)($8M)$49M($18M)($86M)($33M)$49M$666M
Retained capital Retained $122M of earnings over 2016–2025; annual owner earnings grew $234M, $1.92 per $1 retained.
Balance sheet Net cash, +$62M
CMCL Caledonia Mining Corporation Plc
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2015–2024 $4M$20M$21M$14M$14M$26M$23M$32M$283K$26M
Retained capital Retained $52M of earnings over 2015–2024; annual owner earnings grew $5M, $0.10 per $1 retained.
Balance sheet Net cash, +$2M · dividend paid 10 of 10 yrs, cut at least once
DRD DRDGOLD Limited
We are a South African gold mining company engaged in surface gold tailings retreatment, including exploration, extraction, processing and smelting.
Owner earnings 2016–2025 R 316M(R 59M)R 108MR 119MR 948MR 1.3BR 1.2BR 1.4BR 1.6BR 3.1B
Retained capital Retained R 4.5B of earnings over 2016–2025; annual owner earnings grew R 1.9B, R 0.43 per R 1 retained.
Balance sheet Net cash, debt-free, +R 1.3B · dividend paid 9 of 10 yrs, cut at least once
EGO Eldorado Gold Corporation
Revenue is Turkiye (48%), Canada (36%) and Greece (16%).
Owner earnings 2016–2025 $62M($41M)($38M)$13M$237M$166M($79M)$122M$405M$484M
Retained capital Paid out $153M more than it earned over 2016–2025; annual owner earnings grew $343M.
Balance sheet Modest net debt, $358M · dividend paid 1 of 10 yrs, cut at least once
ELE Elemental Royalty Corporation
Acquisition of Further Royalty Interest on Caserones Copper Mine On July 12, 2023, Elemental acquired an additional 0.030% NSR on the producing Caserones Mine in Chile, for a total cash consideration of US$2.6 million.
Owner earnings 2024–2025 $5M$31M
Retained capital not read
Balance sheet Net cash, debt-free, +$69M
EQX Equinox Gold Corp.
Revenue is led by Greenstone (43%) and Nicaragua (27%), with 5 more segments behind.
Owner earnings 2018–2025 ($28M)$21M$124M$124M($131M)$143M$262M$479M
Retained capital Retained $975M of earnings over 2018–2025; annual owner earnings grew $256M, $0.26 per $1 retained.
Balance sheet Meaningful net debt, $943M
EXK ENDEAVOUR SILVER CORP.
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2016–2025 $9M($992K)($14M)($31M)$13M($515K)$30M($16M)($11M)($6M)
Retained capital Paid out $170M more than it earned over 2016–2025; annual owner earnings fell $9M.
Balance sheet Net cash, +$204M
FNV Franco-Nevada Corporation
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2016–2025 $471M$829M$1.5B
Retained capital not read
Balance sheet Net cash, +$631M
FSM Fortuna Mining Corp.
Fortuna Mining Corp. is engaged in the mining of gold, silver and base metals and related activities in Latin America and West Africa, including exploration, extraction, and processing.
Owner earnings 2016–2024 $20M$23M$39M$16M$51M$26M$23M$81M$138M
Retained capital Retained $131M of earnings over 2016–2024; annual owner earnings grew $53M, $0.41 per $1 retained.
Balance sheet Net cash, debt-free, +$627M
GFI Gold Fields Limited
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2015–2024 $418M$289M($102M)($246M)$233M$528M$517M$535M$398M$980M
Retained capital Retained $2.2B of earnings over 2015–2024; annual owner earnings grew $436M, $0.20 per $1 retained.
Balance sheet Modest net debt, $1.6B · dividend paid 10 of 10 yrs, cut at least once
GROY Gold Royalty Corp.
Gold Royalty is a precious metals focused royalty and streaming company offering creative financing solutions to the metals and mining industry.
Owner earnings 2021–2022 ($12M)($19M)
Retained capital not read
Balance sheet Net cash, debt-free, +$14M
HL Hecla Mining Company
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2016–2025 $100M$18M($43M)($555K)$90M$111M($59M)($88M)$4M$397M
Retained capital Retained $35M of earnings over 2016–2025; annual owner earnings grew $79M, $2.25 per $1 retained.
Balance sheet Modest net debt, $222M · dividend paid 10 of 10 yrs, cut at least once
HMY Harmony Gold Mining Company Limited
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2017–2025 R 1.3BR 1.3B(R 357M)R 1.1BR 5.3BR 3.2BR 6.5BR 11.0BR 17.8B
Retained capital Retained R 18.8B of earnings over 2017–2025; annual owner earnings grew R 11.0B, R 0.59 per R 1 retained.
Balance sheet Net cash, +R 11.2B · dividend paid 8 of 9 yrs, cut at least once
IAG Iamgold Corporation
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2016–2025 $42M$98M($66M)$115M$56M$12M$167M($62M)$211M$849M
Retained capital Retained $1.2B of earnings over 2016–2025; annual owner earnings grew $308M, $0.25 per $1 retained.
Balance sheet Modest net debt, $226M · dividend paid 4 of 10 yrs, cut at least once
IAUX i-80 Gold Corp.
The Company is a Nevada-focused, growth-oriented gold and silver company engaged in the exploration and advancement of gold and silver mineral deposits.
Owner earnings 2023–2025 ($86M)($85M)($90M)
Retained capital not read
Balance sheet Net debt against an operating loss, $111M
IDR Idaho Strategic Resources Inc.
Idaho Strategic is a gold producer and critical minerals exploration company focused on a diversified asset base and cash flows from operations.
Owner earnings 2016–2025 ($703K)$193K($2M)$111K($985K)($2M)($3M)$1M$9M$17M
Retained capital Retained $19M of earnings over 2016–2025; annual owner earnings grew $10M, $0.52 per $1 retained.
Balance sheet Net cash, +$8M
ITRG Integra Resources Corp.
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2020–2025 ($17M)($32M)($18M)($27M)($12M)$57M
Retained capital not read
Balance sheet Net cash, debt-free, +$63M
KGC Kinross Gold Corporation
Kinross is principally engaged in the mining and processing of gold and, as a by-product, silver ore and the exploration for, and the acquisition of, gold bearing properties in Canada, the United States, Brazil, Chile, Mauritania and Finland.
Owner earnings 2016–2025 $465M$54M$16M$494M$1.0B$314M$238M$507M$1.4B$2.6B
Retained capital Retained $3.9B of earnings over 2016–2025; annual owner earnings grew $1.3B, $0.33 per $1 retained.
Balance sheet Net cash, +$1.0B · dividend paid 6 of 10 yrs, never cut
MTA Metalla Royalty & Streaming Ltd.
Revenue is led by Brazil (38%) and Mexico (28%), with 2 more segments behind.
Owner earnings not read
Retained capital not read
Balance sheet Net debt against an operating loss, $2M
MUX McEwen Inc.
McEwen Inc. is a gold and silver mining production and exploration company with an advanced copper development project, focused on the Americas.
Owner earnings 2016–2018 $6M($31M)($9M)
Retained capital not read
Balance sheet Heavy net debt, $64M
NAMM Namib Minerals
We are an established gold producer with an attractive portfolio of three gold mines in Zimbabwe, Africa.
Owner earnings 2023–2025 $12M$15M$7M
Retained capital not read
Balance sheet Modest net debt, $1M
NEM Newmont Corporation
Newmont digs gold out of mines around the world and sells it, also pulling copper and other metals from the same operations. It does not set the price of what it sells; it takes the going metal price and earns the gap between that and the all-in cost of finding, mining, and processing each ounce.
Owner earnings 2016–2025 $1.7B$1.3B$795M$1.4B$3.6B$2.6B$1.1B$655M$3.8B$7.3B
Retained capital Paid out $658M more than it earned over 2016–2025; annual owner earnings grew $2.7B.
Balance sheet Net cash, +$3.1B · buybacks at an average near $48.06 · dividend paid 10 of 10 yrs, cut at least once
NFGC New Found Gold Corp
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2020–2025 (C$13M)(C$49M)(C$75M)(C$100M)(C$56M)(C$56M)
Retained capital not read
Balance sheet Net cash, +C$67M
ODV Osisko Development Corp.
The Corporation is a Canadian-based gold development company focused on the acquisition, exploration and development of precious metals resource properties in continental North America.
Owner earnings 2021–2025 (C$89M)(C$80M)(C$61M)(C$89M)(C$121M)
Retained capital not read
Balance sheet Net cash, +C$284M
ODVWZ Osisko Development Corp.
The Corporation is a Canadian-based gold development company focused on the acquisition, exploration and development of precious metals resource properties in continental North America.
Owner earnings 2021–2025 (C$89M)(C$80M)(C$61M)(C$89M)(C$121M)
Retained capital not read
Balance sheet Net cash, +C$284M
ORLA Orla Mining Ltd.
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2019–2025 ($19M)($18M)($25M)$90M$57M$159M$768M
Retained capital Retained $138M of earnings over 2019–2025; annual owner earnings grew $349M, $2.52 per $1 retained.
Balance sheet Net cash, +$88M
PAAS Pan American Silver Corp.
Our principal products are silver and gold, although we also produce and sell zinc, lead, and copper.
Owner earnings 2016–2025 $99M$82M$11M$76M$284M$149M($243M)$71M$401M$1.0B
Retained capital Retained $465M of earnings over 2016–2025; annual owner earnings grew $433M, $0.93 per $1 retained.
Balance sheet Net cash, +$610M · dividend paid 10 of 10 yrs, cut at least once
SBSW D/B/A Sibanye-Stillwater Limited ADS
Revenue is led by Gold (33%) and Platinum (18%), with 7 more lines behind.
Owner earnings 2017–2024 (R 3.4B)R 5.1BR 1.8BR 19.6BR 24.0BR 8.5B(R 2.9B)R 1.3B
Retained capital Paid out R 15.2B more than it earned over 2017–2024; annual owner earnings grew R 1.1B.
Balance sheet Net debt against an operating loss, R 25.1B · dividend paid 8 of 8 yrs, cut at least once
SVM Silvercorp Metals Inc.
Silvercorp 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. 3.2 Three Year History Silvercorp has been acquiring, exploring, developing, and operating mineral properties in China since 2003.
Owner earnings 2017–2025 $69M$62M$64M$70M$77M$97M$84M$80M$132M
Retained capital Retained $321M of earnings over 2017–2025; annual owner earnings grew $34M, $0.11 per $1 retained.
Balance sheet Net cash, +$360M · dividend paid 9 of 9 yrs, never cut
TGB Taseko Mines Ltd.
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2016–2021 C$15MC$163MC$23M(C$8M)C$86MC$147M
Retained capital Paid out C$73M more than it earned over 2016–2021; annual owner earnings grew C$8M.
Balance sheet Heavy net debt, C$521M
TRX TRX Gold Corporation
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2019–2025 ($4M)($7M)($8M)$3M$16M$13M$12M
Retained capital Paid out $38M more than it earned over 2019–2025; annual owner earnings grew $20M.
Balance sheet Net cash, debt-free, +$9M
URG Ur Energy Inc Common Shares (Canada)
A metals and mining business, a price-taker on a global commodity.
Owner earnings 2016–2025 $3M$5M($5M)$4M($8M)($13M)($19M)($19M)($81M)($67M)
Retained capital not read
Balance sheet Net cash, +$57M
VOXR Vox Royalty Corp.
Vox cannot provide assurance that the realized royalty and net precious metal receipts for 2026 will be in the updated range set forth above.
Owner earnings not read
Retained capital not read
Balance sheet Net cash, debt-free, +$8M
WPM WHEATON PRECIOUS METALS CORP.
A metals and mining business, a price-taker on a global commodity.
Owner earnings not read
Retained capital not read
Balance sheet Net cash, debt-free, +$1.2B
The same four lines for every member, in strict ticker order; a figure that could not be read renders as "not read," never as a mark against the record beside it. The header describes the list and names no member; the entries carry no ranking and form no score. What a chapter cannot carry — understanding of the business, and a price — is yours.