20-quarter listed-company comparison

Gold Stocks

Gold: Barrick Mining Corporation owns the largest revenue base; Aris Mining Corporation has the fastest current growth.

The industry itself · before any single company

How has Gold moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 130% ahead of S&P 500. Earnings across its companies grew 109% on average over the last four reported quarters.

ASLEEP · 1y +43.3%✓Price and the fundamentals both up1 of 45 companies ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS — · 2/45 >200d (−4) · 1/45 lead (+0) · EPS 36/45↑

Gold, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.

Together1 of 45 stocks moving

Fresh1 crossed in the last 4 weeks

Backed by scoresmovers score +7 vs the industry average

Down the cap ladder — bar is now, tick is four weeks ago

Large 0/90

Mid 1/16+1

Small 0/20−1

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 45 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Gold outperforming S&P 500?

Gold has outperformed S&P 500 by 35.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 20.4%. 1 of 28 covered companies currently beats the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Centerra Gold Inc. is the strongest against the sector itself at +22.8%.

-20.4%Sector vs S&P 500 · 13 weeks

+35.9%Sector vs S&P 500 · 52 weeks

1/28Stocks leading S&P 500

14/28Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Gold has outperformed S&P 500 by 35.9% over 52 weeks and 20.4% over 13 weeks. 1 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 14 of 28 beat the sector itself. Barrick Mining Corporation leads with revenue of $19,044 million, based on 22 of 28 comparable companies through Mar 2026.

Is the Gold sector outperforming S&P 500?

Gold has outperformed S&P 500 by 35.9% over 52 weeks and 20.4% over 13 weeks. 1 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 14 of 28 beat the sector itself.

Which Gold company is largest by revenue?

Barrick Mining Corporation leads with revenue of $19,044 million, based on 22 of 28 comparable companies through Mar 2026.

Which Gold company is growing fastest?

Aris Mining Corporation has the fastest current revenue growth at 100%, across 22 of 28 comparable companies.

Which Gold company has the strongest 4-Factor Sector Score?

Franco-Nevada Corporation ranks first at 66.7/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Gold company reports the most CAPEX?

Barrick Mining Corporation reports the largest latest CAPEX at $979 million, with 25 of 28 companies comparable.

Which Gold company has the least gross debt?

Centerra Gold Inc. has the lowest comparable gross debt at $0 million. Newmont Corporation has the highest at $5,598 million.

Which Gold company has the lowest comparable PEG?

IAMGOLD Corporation has the lowest comparable Guarded PEG at 0.46, among 11 of 28 companies that pass the metric’s comparability rules.

How much history does this Gold comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies

complete canonical membership

Combined market value

$553.4B

Newmont Corporation

Revenue growing

22/22

positive TTM year-on-year growth

Beating S&P 500

1/28

positive Mansfield relative strength

Global company selection

00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Franco-Nevada Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.

Centerra Gold Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Franco-Nevada Corporation · FNV

66.7/100 · Favorable setup · 82% evidence

Exact sum: 24.6 + 16.1 + 9.9 + 16.1 = 66.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

24.6/35Growth & earnings

Revenue 71.8% · PAT 100% · OPM change 20 pp

83% evidence

16.1/25Capital efficiency

ROCE 7.6% · debt/equity 0×

80% evidence

9.9/20Valuation

P/E 34.9× · PEG 1.32

65% evidence

16.1/20Relative strength

RS sector 4.6% · RS bench -10.8% · 1Y 30.3%

100% evidence

2. Agnico Eagle Mines Limited · AEM

64.0/100 · Mixed-positive evidence · 82% evidence

Exact sum: 23.9 + 20.4 + 13.8 + 5.9 = 64

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -10.5% and the one-year return is 14.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

23.9/35Growth & earnings

Revenue 51.7% · PAT 100% · OPM change 12.7 pp

83% evidence

20.4/25Capital efficiency

ROCE 24.3% · debt/equity 0.01×

80% evidence

13.8/20Valuation

P/E 19× · PEG 0.68

65% evidence

5.9/20Relative strength

RS sector -10.5% · RS bench -24.2% · 1Y 14.8%

100% evidence

3. Barrick Mining Corporation · B

63.1/100 · Mixed-positive evidence · 72% evidence

Exact sum: 24.1 + 13.3 + 10.8 + 14.9 = 63.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

24.1/35Growth & earnings

Revenue 43.1% · PAT 100% · OPM change 26.8 pp

83% evidence

13.3/25Capital efficiency

ROCE 6.9% · debt/equity 0.13×

80% evidence

10.8/20Valuation

P/E 11.3× · PEG —

15% evidence

14.9/20Relative strength

RS sector 4.3% · RS bench -12% · 1Y 71.7%

100% evidence

4. IAMGOLD Corporation · IAG

62.9/100 · Mixed-positive evidence · 82% evidence

Exact sum: 24 + 12.6 + 16 + 10.3 = 62.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

24.0/35Growth & earnings

Revenue 92.3% · PAT 47.3% · OPM change 29.2 pp

83% evidence

12.6/25Capital efficiency

ROCE 10.5% · debt/equity 0.15×

80% evidence

16.0/20Valuation

P/E 10.9× · PEG 0.46

65% evidence

10.3/20Relative strength

RS sector 2% · RS bench -15.2% · 1Y 107.9%

100% evidence

5. AngloGold Ashanti plc · AU

62.7/100 · Mixed-positive evidence · 72% evidence

Exact sum: 24.5 + 15.2 + 10.1 + 12.9 = 62.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

24.5/35Growth & earnings

Revenue 69.6% · PAT 100% · OPM change 17.9 pp

83% evidence

15.2/25Capital efficiency

ROCE 14% · debt/equity 0.22×

80% evidence

10.1/20Valuation

P/E 14.3× · PEG —

15% evidence

12.9/20Relative strength

RS sector 2.7% · RS bench -13.8% · 1Y 61.9%

100% evidence

6. Wheaton Precious Metals Corp. · WPM

62.4/100 · Mixed-positive evidence · 82% evidence

Exact sum: 24.3 + 16.3 + 9.5 + 12.3 = 62.4

Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

24.3/35Growth & earnings

Revenue 88.3% · PAT 100% · OPM change 13.1 pp

83% evidence

16.3/25Capital efficiency

ROCE 7.9% · debt/equity 0×

80% evidence

9.5/20Valuation

P/E 33.2× · PEG 1.36

65% evidence

12.3/20Relative strength

RS sector 0.3% · RS bench -14.9% · 1Y 19%

100% evidence

7. Eldorado Gold Corporation · EGO

59.7/100 · Mixed-positive evidence · 82% evidence

Exact sum: 18.1 + 9.4 + 15.1 + 17.1 = 59.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.1/35Growth & earnings

Revenue 40.6% · PAT 71.5% · OPM change 19.2 pp

83% evidence

9.4/25Capital efficiency

ROCE 4.8% · debt/equity 0.29×

80% evidence

15.1/20Valuation

P/E 12.3× · PEG 0.51

65% evidence

17.1/20Relative strength

RS sector 9.3% · RS bench -7.8% · 1Y 53.5%

100% evidence

8. Fortuna Mining Corp. · FSM

59.4/100 · Mixed-positive evidence · 72% evidence

Exact sum: 24.3 + 13.3 + 11.1 + 10.7 = 59.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

24.3/35Growth & earnings

Revenue 50.1% · PAT 100% · OPM change 23.9 pp

83% evidence

13.3/25Capital efficiency

ROCE 8.8% · debt/equity 0.11×

80% evidence

11.1/20Valuation

P/E 9.4× · PEG —

15% evidence

10.7/20Relative strength

RS sector -1.3% · RS bench -16.2% · 1Y 31.8%

100% evidence

9. Centerra Gold Inc. · CGAU

58.0/100 · Mixed-positive evidence · 72% evidence

Exact sum: 17.1 + 11 + 11.4 + 18.5 = 58

Decision use: Price leads the evidence: RS versus the benchmark is 2.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

17.1/35Growth & earnings

Revenue 30.1% · PAT 100% · OPM change 8.1 pp

83% evidence

11.0/25Capital efficiency

ROCE 4.7% · debt/equity 0×

80% evidence

11.4/20Valuation

P/E 5.6× · PEG —

15% evidence

18.5/20Relative strength

RS sector 22.8% · RS bench 2.3% · 1Y 131.6%

100% evidence

10. OceanaGold Corporation · OGC

57.6/100 · Mixed-positive evidence · 72% evidence

Exact sum: 19.5 + 21.4 + 11.3 + 5.4 = 57.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.5/35Growth & earnings

Revenue 62.5% · PAT 35.8% · OPM change -8.1 pp

83% evidence

21.4/25Capital efficiency

ROCE 42.7% · debt/equity 0.02×

80% evidence

11.3/20Valuation

P/E 9× · PEG —

15% evidence

5.4/20Relative strength

RS sector -2% · RS bench -18.3% · 1Y 76.6%

100% evidence

11. Royal Gold, Inc. · RGLD

57.5/100 · Thin evidence · provisional · 57% evidence

Exact sum: 19.4 + 15.1 + 12.7 + 10.3 = 57.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

19.4/35Growth & earnings

Revenue 70.7% · PAT 60.4% · OPM change —

45% evidence

15.1/25Capital efficiency

ROCE — · debt/equity 0.08×

34% evidence

12.7/20Valuation

P/E 30.3× · PEG 0.78

65% evidence

10.3/20Relative strength

RS sector -2% · RS bench -17.2% · 1Y 28.5%

100% evidence

12. Aris Mining Corporation · ARIS

57.3/100 · Mixed-positive evidence · 72% evidence

Exact sum: 24.5 + 11.6 + 9.5 + 11.7 = 57.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

24.5/35Growth & earnings

Revenue 100% · PAT 100% · OPM change 16.5 pp

83% evidence

11.6/25Capital efficiency

ROCE 9.6% · debt/equity 0.35×

80% evidence

9.5/20Valuation

P/E 22.1× · PEG —

15% evidence

11.7/20Relative strength

RS sector 9.9% · RS bench -9.2% · 1Y 103.8%

100% evidence

13. B2Gold Corp. · BTG

56.6/100 · Mixed-positive evidence · 75% evidence

Exact sum: 21.8 + 13.6 + 13 + 8.2 = 56.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.8/35Growth & earnings

Revenue 86.9% · PAT — · OPM change 9.8 pp

62% evidence

13.6/25Capital efficiency

ROCE 12.4% · debt/equity 0.14×

80% evidence

13.0/20Valuation

P/E 12.6× · PEG 0.98

65% evidence

8.2/20Relative strength

RS sector -8.8% · RS bench -21.8% · 1Y 11.6%

100% evidence

14. Aura Minerals Inc. · AUGO

56.2/100 · Mixed-positive evidence · 75% evidence

Exact sum: 22.4 + 13.8 + 8.2 + 11.8 = 56.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.4/35Growth & earnings

Revenue 83.2% · PAT — · OPM change 12.5 pp

62% evidence

13.8/25Capital efficiency

ROCE 20.8% · debt/equity 1.35×

80% evidence

8.2/20Valuation

P/E 75.6× · PEG 1.56

65% evidence

11.8/20Relative strength

RS sector 11% · RS bench -9% · 1Y 126.4%

100% evidence

15. SSR Mining Inc. · SSRM

54.6/100 · Mixed-positive evidence · 82% evidence

Exact sum: 22.4 + 11.1 + 6.9 + 14.2 = 54.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.4/35Growth & earnings

Revenue 75.7% · PAT 100% · OPM change 17.9 pp

83% evidence

11.1/25Capital efficiency

ROCE 4.7% · debt/equity 0.01×

80% evidence

6.9/20Valuation

P/E 28× · PEG 2.09

65% evidence

14.2/20Relative strength

RS sector 10.1% · RS bench -6.4% · 1Y 110.5%

100% evidence

16. Kinross Gold Corporation · KGC

53.4/100 · Mixed-positive evidence · 72% evidence

Exact sum: 22.8 + 15.1 + 10.2 + 5.3 = 53.4

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -5.5% and the one-year return is 45%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

22.8/35Growth & earnings

Revenue 43% · PAT 100% · OPM change 17.5 pp

83% evidence

15.1/25Capital efficiency

ROCE 12.3% · debt/equity 0.08×

80% evidence

10.2/20Valuation

P/E 12.7× · PEG —

15% evidence

5.3/20Relative strength

RS sector -5.5% · RS bench -20.3% · 1Y 45%

100% evidence

17. Pan American Silver Corp. · PAAS

51.8/100 · Mixed-positive evidence · 72% evidence

Exact sum: 20.1 + 10.8 + 10.3 + 10.6 = 51.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.1/35Growth & earnings

Revenue 33.8% · PAT 100% · OPM change 18.5 pp

83% evidence

10.8/25Capital efficiency

ROCE 7% · debt/equity 0.12×

80% evidence

10.3/20Valuation

P/E 12.6× · PEG —

15% evidence

10.6/20Relative strength

RS sector 1.1% · RS bench -15.3% · 1Y 60%

100% evidence

18. Newmont Corporation · NEM

51.6/100 · Thin evidence · provisional · 59% evidence

Exact sum: 16.3 + 11.7 + 10.7 + 12.9 = 51.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.3/35Growth & earnings

Revenue — · PAT — · OPM change 16.2 pp

45% evidence

11.7/25Capital efficiency

ROCE 6% · debt/equity 0.16×

80% evidence

10.7/20Valuation

P/E 11.8× · PEG —

15% evidence

12.9/20Relative strength

RS sector 2.2% · RS bench -13.6% · 1Y 46.2%

100% evidence

19. OR Royalties Inc. · OR

50.7/100 · Mixed-positive evidence · 72% evidence

Exact sum: 21.1 + 14.1 + 9.1 + 6.4 = 50.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.1/35Growth & earnings

Revenue 61.7% · PAT 100% · OPM change 15.3 pp

83% evidence

14.1/25Capital efficiency

ROCE 5.9% · debt/equity 0×

80% evidence

9.1/20Valuation

P/E 28.4× · PEG —

15% evidence

6.4/20Relative strength

RS sector -11.4% · RS bench -24.3% · 1Y 5.4%

100% evidence

20. Alamos Gold Inc. · AGI

47.8/100 · Mixed-negative evidence · 82% evidence

Exact sum: 24.5 + 13.9 + 6.8 + 2.6 = 47.8

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.6% and the one-year return is 15.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

24.5/35Growth & earnings

Revenue 47.7% · PAT 100% · OPM change 29.4 pp

83% evidence

13.9/25Capital efficiency

ROCE 6.3% · debt/equity 0.05×

80% evidence

6.8/20Valuation

P/E 17.7× · PEG 2.24

65% evidence

2.6/20Relative strength

RS sector -14.6% · RS bench -28% · 1Y 15.8%

100% evidence

21. Coeur Mining, Inc. · CDE

46.9/100 · Mixed-negative evidence · 72% evidence

Exact sum: 22.1 + 9 + 9.9 + 5.9 = 46.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.1/35Growth & earnings

Revenue 100% · PAT 100% · OPM change 23.5 pp

83% evidence

9.0/25Capital efficiency

ROCE 3.8% · debt/equity 0.07×

80% evidence

9.9/20Valuation

P/E 15.5× · PEG —

15% evidence

5.9/20Relative strength

RS sector -8.6% · RS bench -22.9% · 1Y 71.8%

100% evidence

22. Orla Mining Ltd. · ORLA

46.5/100 · Mixed-negative evidence · 75% evidence

Exact sum: 22.8 + 17.1 + 4.5 + 2.1 = 46.5

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.3% and the one-year return is -4.3%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

22.8/35Growth & earnings

Revenue 100% · PAT 100% · OPM change 1.8 pp

62% evidence

17.1/25Capital efficiency

ROCE 34.3% · debt/equity 0.42×

80% evidence

4.5/20Valuation

P/E 22.4× · PEG 2.92

65% evidence

2.1/20Relative strength

RS sector -22.3% · RS bench -34.9% · 1Y -4.3%

100% evidence

23. Hycroft Mining Holding Corporation · HYMC

41.7/100 · Mixed-negative evidence · 61% evidence

Exact sum: 12.9 + 8.1 + 11.5 + 9.2 = 41.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

12.9/35Growth & earnings

Revenue — · PAT — · OPM change 16.9 pp

52% evidence

8.1/25Capital efficiency

ROCE -25.5% · debt/equity 0×

80% evidence

11.5/20Valuation

P/E 3× · PEG —

15% evidence

9.2/20Relative strength

RS sector 5.4% · RS bench -17.7% · 1Y 479.8%

100% evidence

24. Seabridge Gold Inc. · SA

41.5/100 · Thin evidence · provisional · 52% evidence

Exact sum: 13.8 + 6.3 + 8.5 + 12.9 = 41.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

13.8/35Growth & earnings

Revenue — · PAT — · OPM change —

33% evidence

6.3/25Capital efficiency

ROCE -0.4% · debt/equity 0.47×

68% evidence

8.5/20Valuation

P/E 187.5× · PEG —

15% evidence

12.9/20Relative strength

RS sector 2.1% · RS bench -14.2% · 1Y 63.5%

100% evidence

25. Equinox Gold Corp. · EQX

41.2/100 · Thin evidence · provisional · 54% evidence

Exact sum: 20.5 + 10 + 9.7 + 1 = 41.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.5/35Growth & earnings

Revenue — · PAT 98.7% · OPM change 48.8 pp

32% evidence

10.0/25Capital efficiency

ROCE 5.3% · debt/equity 0.1×

80% evidence

9.7/20Valuation

P/E 18.3× · PEG —

15% evidence

1.0/20Relative strength

RS sector -18.3% · RS bench -31.6% · 1Y 50.7%

100% evidence

26. Allied Gold Corporation · AAUC

33.7/100 · Adverse evidence · 62% evidence

Exact sum: 10.6 + 7 + 10 + 6.1 = 33.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

10.6/35Growth & earnings

Revenue 53% · PAT — · OPM change -9.6 pp

62% evidence

7.0/25Capital efficiency

ROCE 5.9% · debt/equity 0.55×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

6.1/20Relative strength

RS sector -0.5% · RS bench -17.6% · 1Y 59.8%

100% evidence

27. Gold Fields Limited · GFI

46.9/100 · Thin evidence · provisional · 35% evidence

Exact sum: 18.1 + 14.4 + 10.9 + 3.5 = 46.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.1/35Growth & earnings

Revenue — · PAT — · OPM change —

9% evidence

14.4/25Capital efficiency

ROCE 12.8% · debt/equity —

34% evidence

10.9/20Valuation

P/E 11.1× · PEG —

15% evidence

3.5/20Relative strength

RS sector -14.3% · RS bench -27.5% · 1Y 27.6%

100% evidence

28. NovaGold Resources Inc. · NG

30.7/100 · Thin evidence · provisional · 49% evidence

Exact sum: 13.7 + 6.3 + 10 + 0.7 = 30.7

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

13.7/35Growth & earnings

Revenue — · PAT — · OPM change —

33% evidence

6.3/25Capital efficiency

ROCE -5.6% · debt/equity 0.41×

68% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

0.7/20Relative strength

RS sector -24.9% · RS bench -36.6% · 1Y 10.4%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Barrick Mining Corporation has the highest Revenue among the 28 Gold companies compared here, at $19,044 million. Agnico Eagle Mines Limited is next at $13,540 million. Aris Mining Corporation has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Barrick Mining Corporation is the scale leader at $19,044 million, 40.6% ahead of Agnico Eagle Mines Limited. Aris Mining Corporation's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 103.6% from a $1,142 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderBarrick Mining Corporation · $19,044 million

Gap40.6% versus #2 · Agnico Eagle Mines Limited

Persistence8/8 recent comparable periods

Coverage22/28 companies · 464 observations

Investor read: Barrick Mining Corporation is the scale benchmark; Aris Mining Corporation is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Barrick Mining Corporation's growth falls below Aris Mining Corporation's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Barrick Mining Corporation B$19.0B

2Agnico Eagle Mines Limited AEM$13.5B

3AngloGold Ashanti plc AU$11.2B

4Kinross Gold Corporation KGC$8.0B

5Pan American Silver Corp. PAAS$4.0B

Revenue growthfastest growers

1Aris Mining Corporation ARIS100%

2Coeur Mining, Inc. CDE100%

3Orla Mining Ltd. ORLA100%

4IAMGOLD Corporation IAG92%

5Wheaton Precious Metals Corp. WPM88%

Revenue · company comparison

22/28 level · 22/28 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Newmont Corporation NEM	$7.3B	46%	Jun 2026
Gold Fields Limited GFI	$5.3B	71%	Dec 2025
Barrick Mining Corporation B	$5.2B	67%	Mar 2026
Agnico Eagle Mines Limited AEM	$4.1B	66%	Mar 2026
AngloGold Ashanti plc AU	$3.2B	65%	Mar 2026
Kinross Gold Corporation KGC	$2.4B	61%	Mar 2026
B2Gold Corp. BTG	$1.2B	118%	Mar 2026
Pan American Silver Corp. PAAS	$1.2B	49%	Mar 2026
IAMGOLD Corporation IAG	$1.0B	116%	Mar 2026
Wheaton Precious Metals Corp. WPM	$901M	92%	Mar 2026
Equinox Gold Corp. EQX	$862M	224%	Mar 2026
Coeur Mining, Inc. CDE	$856M	138%	Mar 2026
OceanaGold Corporation OGC	$715M	99%	Mar 2026
Franco-Nevada Corporation FNV	$651M	77%	Mar 2026
Alamos Gold Inc. AGI	$597M	79%	Mar 2026
Eldorado Gold Corporation EGO	$532M	50%	Mar 2026
Centerra Gold Inc. CGAU	$485M	62%	Mar 2026
Royal Gold, Inc. RGLD	$479M	147%	Mar 2026
SSR Mining Inc. SSRM	$418M	90%	Mar 2026
Allied Gold Corporation AAUC	$394M	14%	Mar 2026
Aura Minerals Inc. AUGO	$383M	136%	Mar 2026
Orla Mining Ltd. ORLA	$379M	169%	Mar 2026
Aris Mining Corporation ARIS	$372M	135%	Mar 2026
Fortuna Mining Corp. FSM	$342M	75%	Mar 2026
OR Royalties Inc. OR	$103M	87%	Mar 2026
Hycroft Mining Holding Corporation HYMC	$11M	-54%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 2021$984M

Dec 2021$952M

Mar 2022$1.3B

Jun 2022$1.6B

Sep 2022$1.5B

Dec 2022$1.4B

Mar 2023$1.5B

Jun 2023$1.7B

Sep 2023$1.6B

Dec 2023$1.8B

Mar 2024$1.8B

Jun 2024$2.1B

Sep 2024$2.2B

Dec 2024$2.2B

Mar 2025$2.5B

Jun 2025$2.8B

Sep 2025$3.1B

Dec 2025$3.6B

Mar 2026$4.1B

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021$198M

Dec 2021$203M

Mar 2022$185M

Jun 2022$191M

Sep 2022$214M

Dec 2022$232M

Mar 2023$252M

Jun 2023$261M

Sep 2023$256M

Dec 2023$255M

Mar 2024$278M

Jun 2024$333M

Sep 2024$361M

Dec 2024$376M

Mar 2025$333M

Jun 2025$438M

Sep 2025$462M

Dec 2025$575M

Mar 2026$597M

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021$1.0B

Dec 2021$1.0B

Mar 2022$1.1B

Jun 2022$1.1B

Sep 2022$1.2B

Dec 2022$1.2B

Mar 2023$1.0B

Jun 2023$1.2B

Sep 2023$1.1B

Dec 2023$1.3B

Mar 2024$1.2B

Jun 2024$1.4B

Sep 2024$1.5B

Dec 2024$1.8B

Mar 2025$2.0B

Jun 2025$2.4B

Sep 2025$2.4B

Dec 2025$3.1B

Mar 2026$3.2B

Jun 2026—

Barrick Mining Corporation · B

Sep 2021$2.8B

Dec 2021$3.3B

Mar 2022$2.9B

Jun 2022$2.9B

Sep 2022$2.5B

Dec 2022$2.8B

Mar 2023$2.6B

Jun 2023$2.8B

Sep 2023$2.9B

Dec 2023$3.1B

Mar 2024$2.7B

Jun 2024$3.2B

Sep 2024$3.4B

Dec 2024$3.6B

Mar 2025$3.1B

Jun 2025$3.7B

Sep 2025$4.1B

Dec 2025$6.0B

Mar 2026$5.2B

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021$208M

Dec 2021$208M

Mar 2022$188M

Jun 2022$204M

Sep 2022$183M

Dec 2022$210M

Mar 2023$187M

Jun 2023$177M

Sep 2023$195M

Dec 2023$262M

Mar 2024$213M

Jun 2024$222M

Sep 2024$313M

Dec 2024$305M

Mar 2025$360M

Jun 2025$481M

Sep 2025$555M

Dec 2025$675M

Mar 2026$856M

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 2021$316M

Dec 2021$328M

Mar 2022$339M

Jun 2022$352M

Sep 2022$304M

Dec 2022$320M

Mar 2023$276M

Jun 2023$330M

Sep 2023$310M

Dec 2023$303M

Mar 2024$257M

Jun 2024$260M

Sep 2024$276M

Dec 2024$321M

Mar 2025$368M

Jun 2025$369M

Sep 2025$488M

Dec 2025$597M

Mar 2026$651M

Jun 2026—

Gold Fields Limited · GFI

Sep 2021—

Dec 2021$2.2B

Mar 2022—

Jun 2022$2.2B

Sep 2022—

Dec 2022$2.1B

Mar 2023—

Jun 2023$2.3B

Sep 2023—

Dec 2023$2.2B

Mar 2024—

Jun 2024$2.1B

Sep 2024—

Dec 2024$3.1B

Mar 2025—

Jun 2025$3.5B

Sep 2025—

Dec 2025$5.3B

Mar 2026—

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021$582M

Dec 2021$615M

Mar 2022$701M

Jun 2022$822M

Sep 2022$857M

Dec 2022$1.1B

Mar 2023$929M

Jun 2023$1.1B

Sep 2023$1.1B

Dec 2023$1.1B

Mar 2024$1.1B

Jun 2024$1.2B

Sep 2024$1.4B

Dec 2024$1.4B

Mar 2025$1.5B

Jun 2025$1.7B

Sep 2025$1.8B

Dec 2025$2.0B

Mar 2026$2.4B

Jun 2026—

Newmont Corporation · NEM

Sep 2021$2.9B

Dec 2021$3.4B

Mar 2022$3.0B

Jun 2022$3.1B

Sep 2022$2.6B

Dec 2022$3.2B

Mar 2023$2.7B

Jun 2023$2.7B

Sep 2023$2.5B

Dec 2023$4.0B

Mar 2024$4.0B

Jun 2024$4.4B

Sep 2024$4.6B

Dec 2024$5.7B

Mar 2025$5.0B

Jun 2025$5.3B

Sep 2025$5.5B

Dec 2025$6.8B

Mar 2026$7.3B

Jun 2026—

Pan American Silver Corp. · PAAS

Sep 2021$460M

Dec 2021$422M

Mar 2022$440M

Jun 2022$341M

Sep 2022$339M

Dec 2022$375M

Mar 2023$390M

Jun 2023$640M

Sep 2023$616M

Dec 2023$670M

Mar 2024$601M

Jun 2024$686M

Sep 2024$716M

Dec 2024$815M

Mar 2025$773M

Jun 2025$812M

Sep 2025$855M

Dec 2025$1.2B

Mar 2026$1.2B

Jun 2026—

Royal Gold, Inc. · RGLD

Sep 2021$174M

Dec 2021$167M

Mar 2022$163M

Jun 2022$144M

Sep 2022$127M

Dec 2022$159M

Mar 2023$164M

Jun 2023$138M

Sep 2023$133M

Dec 2023$149M

Mar 2024$148M

Jun 2024$172M

Sep 2024$193M

Dec 2024$203M

Mar 2025$194M

Jun 2025$211M

Sep 2025$250M

Dec 2025$361M

Mar 2026$479M

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 2021$269M

Dec 2021$278M

Mar 2022$307M

Jun 2022$303M

Sep 2022$219M

Dec 2022$236M

Mar 2023$214M

Jun 2023$265M

Sep 2023$223M

Dec 2023$313M

Mar 2024$297M

Jun 2024$299M

Sep 2024$308M

Dec 2024$381M

Mar 2025$470M

Jun 2025$503M

Sep 2025$476M

Dec 2025$865M

Mar 2026$901M

Jun 2026—

Revenue growth · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202261%

Sep 202247%

Dec 202245%

Mar 202314%

Jun 20238.7%

Sep 202313%

Dec 202327%

Mar 202421%

Jun 202421%

Sep 202431%

Dec 202427%

Mar 202535%

Jun 202536%

Sep 202542%

Dec 202560%

Mar 202666%

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-2.1%

Sep 20228.1%

Dec 202214%

Mar 202336%

Jun 202337%

Sep 202320%

Dec 20239.9%

Mar 202410%

Jun 202428%

Sep 202441%

Dec 202447%

Mar 202520%

Jun 202532%

Sep 202528%

Dec 202553%

Mar 202679%

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20229.3%

Sep 202214%

Dec 202214%

Mar 2023-4.6%

Jun 20237.4%

Sep 2023-2.8%

Dec 20237.1%

Mar 202414%

Jun 202419%

Sep 202431%

Dec 202439%

Mar 202568%

Jun 202577%

Sep 202562%

Dec 202575%

Mar 202665%

Jun 2026—

Barrick Mining Corporation · B

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-1.2%

Sep 2022-11%

Dec 2022-16%

Mar 2023-7.4%

Jun 2023-0.9%

Sep 202313%

Dec 202310%

Mar 20243.9%

Jun 202412%

Sep 202418%

Dec 202419%

Mar 202514%

Jun 202516%

Sep 202523%

Dec 202565%

Mar 202667%

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-5.1%

Sep 2022-12%

Dec 20221.0%

Mar 2023-0.5%

Jun 2023-13%

Sep 20236.6%

Dec 202325%

Mar 202414%

Jun 202425%

Sep 202461%

Dec 202416%

Mar 202569%

Jun 2025117%

Sep 202577%

Dec 2025121%

Mar 2026138%

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20221.4%

Sep 2022-3.8%

Dec 2022-2.4%

Mar 2023-19%

Jun 2023-6.3%

Sep 20232.0%

Dec 2023-5.3%

Mar 2024-6.9%

Jun 2024-21%

Sep 2024-11%

Dec 20245.9%

Mar 202543%

Jun 202542%

Sep 202577%

Dec 202586%

Mar 202677%

Jun 2026—

Gold Fields Limited · GFI

Sep 2021—

Dec 20213.5%

Mar 2022—

Jun 202213%

Sep 2022—

Dec 2022-7.3%

Mar 2023—

Jun 20231.4%

Sep 2023—

Dec 20238.9%

Mar 2024—

Jun 2024-6.3%

Sep 2024—

Dec 202438%

Mar 2025—

Jun 202564%

Sep 2025—

Dec 202571%

Mar 2026—

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202216%

Sep 202247%

Dec 202275%

Mar 202333%

Jun 202333%

Sep 202329%

Dec 20233.7%

Mar 202416%

Jun 202412%

Sep 202430%

Dec 202427%

Mar 202538%

Jun 202542%

Sep 202526%

Dec 202543%

Mar 202661%

Jun 2026—

Newmont Corporation · NEM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-0.2%

Sep 2022-9.0%

Dec 2022-5.6%

Mar 2023-11%

Jun 2023-12%

Sep 2023-5.4%

Dec 202324%

Mar 202450%

Jun 202464%

Sep 202485%

Dec 202443%

Mar 202525%

Jun 202521%

Sep 202520%

Dec 202521%

Mar 202646%

Jun 2026—

Pan American Silver Corp. · PAAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-11%

Sep 2022-26%

Dec 2022-11%

Mar 2023-11%

Jun 202388%

Sep 202382%

Dec 202379%

Mar 202454%

Jun 20247.2%

Sep 202416%

Dec 202422%

Mar 202529%

Jun 202518%

Sep 202519%

Dec 202545%

Mar 202649%

Jun 2026—

Royal Gold, Inc. · RGLD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-15%

Sep 2022-27%

Dec 2022-4.8%

Mar 20230.6%

Jun 2023-4.2%

Sep 20234.7%

Dec 2023-6.3%

Mar 2024-9.8%

Jun 202425%

Sep 202445%

Dec 202436%

Mar 202531%

Jun 202523%

Sep 202530%

Dec 202578%

Mar 2026147%

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-8.2%

Sep 2022-19%

Dec 2022-15%

Mar 2023-30%

Jun 2023-13%

Sep 20231.8%

Dec 202333%

Mar 202439%

Jun 202413%

Sep 202438%

Dec 202422%

Mar 202558%

Jun 202568%

Sep 202555%

Dec 2025127%

Mar 202692%

Jun 2026—

02 · compare level, then change

Operating Economics & Margin Trend

OceanaGold Corporation has the highest OPM among the 28 Gold companies compared here, at 152.9%. Orla Mining Ltd. is next at 136.8%. Equinox Gold Corp. has the highest Margin change at +48.8 percentage points, so level and change sit with different companies. 24 of 28 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: OceanaGold Corporation leads opm at 152.9%; Equinox Gold Corp. leads margin change at +48.8 percentage points.

LeaderOceanaGold Corporation · 152.9%

Gap11.8% versus #2 · Orla Mining Ltd.

Persistence3/8 recent comparable periods

Coverage24/28 companies · 436 observations

Investor read: OceanaGold Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1OceanaGold Corporation OGC153%

2Orla Mining Ltd. ORLA137%

3Franco-Nevada Corporation FNV89%

4OR Royalties Inc. OR85%

5Wheaton Precious Metals Corp. WPM75%

Margin changefastest expanders

1Equinox Gold Corp. EQX+48.8 pp

2Alamos Gold Inc. AGI+29.4 pp

3IAMGOLD Corporation IAG+29.2 pp

4Barrick Mining Corporation B+26.8 pp

5Fortuna Mining Corp. FSM+23.9 pp

Operating margin · company comparison

24/28 level · 24/28 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	OPM	Margin change	Reported
OceanaGold Corporation OGC	153%	−8.1 pp	Mar 2026
Orla Mining Ltd. ORLA	137%	+1.8 pp	Mar 2026
Franco-Nevada Corporation FNV	89%	+20.0 pp	Mar 2026
OR Royalties Inc. OR	85%	+15.3 pp	Mar 2026
Wheaton Precious Metals Corp. WPM	75%	+13.1 pp	Mar 2026
Agnico Eagle Mines Limited AEM	63%	+12.7 pp	Mar 2026
Barrick Mining Corporation B	63%	+26.8 pp	Mar 2026
Newmont Corporation NEM	61%	+16.2 pp	Jun 2026
Alamos Gold Inc. AGI	58%	+29.4 pp	Mar 2026
AngloGold Ashanti plc AU	56%	+17.9 pp	Mar 2026
Kinross Gold Corporation KGC	56%	+17.5 pp	Mar 2026
Aris Mining Corporation ARIS	55%	+16.5 pp	Mar 2026
Aura Minerals Inc. AUGO	54%	+12.5 pp	Mar 2026
IAMGOLD Corporation IAG	53%	+29.2 pp	Mar 2026
Fortuna Mining Corp. FSM	53%	+23.9 pp	Mar 2026
SSR Mining Inc. SSRM	52%	+17.9 pp	Mar 2026
Eldorado Gold Corporation EGO	51%	+19.2 pp	Mar 2026
B2Gold Corp. BTG	49%	+9.8 pp	Mar 2026
Pan American Silver Corp. PAAS	48%	+18.5 pp	Mar 2026
Equinox Gold Corp. EQX	45%	+48.8 pp	Mar 2026
Coeur Mining, Inc. CDE	41%	+23.5 pp	Mar 2026
Centerra Gold Inc. CGAU	22%	+8.1 pp	Mar 2026
Allied Gold Corporation AAUC	15%	−9.6 pp	Mar 2026
Hycroft Mining Holding Corporation HYMC	-178%	+16.9 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 24 companies with a series here. The remaining 12 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 202123%

Dec 202128%

Mar 202231%

Jun 202233%

Sep 202216%

Dec 202234%

Mar 202330%

Jun 202331%

Sep 202319%

Dec 20239.3%

Mar 202429%

Jun 202438%

Sep 202441%

Dec 202436%

Mar 202550%

Jun 202559%

Sep 202553%

Dec 202565%

Mar 202663%

Jun 2026—

Alamos Gold Inc. · AGI

Sep 202129%

Dec 202125%

Mar 2022-3.1%

Jun 202213%

Sep 202214%

Dec 202227%

Mar 202330%

Jun 202334%

Sep 202332%

Dec 202328%

Mar 202429%

Jun 202442%

Sep 202419%

Dec 202442%

Mar 202528%

Jun 202549%

Sep 20253.9%

Dec 202558%

Mar 202658%

Jun 2026—

AngloGold Ashanti plc · AU

Sep 202117%

Dec 202117%

Mar 202220%

Jun 202220%

Sep 20224.2%

Dec 20224.2%

Mar 202311%

Jun 20233.3%

Sep 202315%

Dec 202313%

Mar 202413%

Jun 202427%

Sep 202426%

Dec 202437%

Mar 202538%

Jun 202542%

Sep 202542%

Dec 202544%

Mar 202656%

Jun 2026—

Barrick Mining Corporation · B

Sep 202136%

Dec 202147%

Mar 202238%

Jun 202238%

Sep 202228%

Dec 2022-32%

Mar 202320%

Jun 202329%

Sep 202330%

Dec 202326%

Mar 202425%

Jun 202435%

Sep 202433%

Dec 202454%

Mar 202536%

Jun 202539%

Sep 202558%

Dec 202568%

Mar 202663%

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 20213.9%

Dec 20210.5%

Mar 20220.9%

Jun 20220.8%

Sep 2022-20%

Dec 2022-2.8%

Mar 2023-8.6%

Jun 2023-2.9%

Sep 2023-3.5%

Dec 2023-4.1%

Mar 2024-1.6%

Jun 20247.5%

Sep 202427%

Dec 202422%

Mar 202517%

Jun 202529%

Sep 202532%

Dec 202549%

Mar 202641%

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 202123%

Dec 202127%

Mar 2022-7.4%

Jun 202215%

Sep 20221.7%

Dec 20228.1%

Mar 202314%

Jun 202317%

Sep 202318%

Dec 202322%

Mar 202423%

Jun 202430%

Sep 202430%

Dec 202439%

Mar 202532%

Jun 202539%

Sep 202539%

Dec 202546%

Mar 202651%

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 202162%

Dec 202182%

Mar 202263%

Jun 202266%

Sep 202262%

Dec 202259%

Mar 202362%

Jun 202361%

Sep 202360%

Dec 2023-326%

Mar 202462%

Jun 202465%

Sep 202466%

Dec 202468%

Mar 202569%

Jun 202583%

Sep 202570%

Dec 202576%

Mar 202689%

Jun 2026—

IAMGOLD Corporation · IAG

Sep 2021-21%

Dec 2021-101%

Mar 202217%

Jun 20224.7%

Sep 20223.6%

Dec 2022-12%

Mar 20237.7%

Jun 20230.6%

Sep 2023-6.8%

Dec 2023-1.3%

Mar 202426%

Jun 202433%

Sep 2024138%

Dec 202423%

Mar 202524%

Jun 202531%

Sep 202533%

Dec 202553%

Mar 202653%

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021-4.1%

Dec 2021-22%

Mar 202215%

Jun 20227.8%

Sep 202213%

Dec 2022-15%

Mar 202316%

Jun 202322%

Sep 202321%

Dec 202317%

Mar 202418%

Jun 202425%

Sep 202438%

Dec 202435%

Mar 202538%

Jun 202545%

Sep 202545%

Dec 202556%

Mar 202656%

Jun 2026—

Newmont Corporation · NEM

Sep 20212.3%

Dec 2021-18%

Mar 202226%

Jun 202218%

Sep 202211%

Dec 2022-3.5%

Mar 202319%

Jun 202314%

Sep 20239.5%

Dec 2023-71%

Mar 20249.9%

Jun 202424%

Sep 202425%

Dec 202436%

Mar 202545%

Jun 202558%

Sep 202547%

Dec 202557%

Mar 202661%

Jun 2026—

Pan American Silver Corp. · PAAS

Sep 202122%

Dec 202112%

Mar 202210%

Jun 2022-45%

Sep 2022-15%

Dec 2022-37%

Mar 20237.1%

Jun 2023-1.0%

Sep 20237.2%

Dec 2023-0.4%

Mar 20245.8%

Jun 202413%

Sep 202421%

Dec 202421%

Mar 202530%

Jun 202530%

Sep 202530%

Dec 202538%

Mar 202648%

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 202151%

Dec 2021104%

Mar 202252%

Jun 202250%

Sep 202247%

Dec 202242%

Mar 202346%

Jun 202351%

Sep 202350%

Dec 202351%

Mar 202453%

Jun 202457%

Sep 202457%

Dec 202431%

Mar 202562%

Jun 202566%

Sep 202566%

Dec 202575%

Mar 202675%

Jun 2026—

Margin change · reported quarter history

Showing the 12 largest of 24 companies with a series here. The remaining 12 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+0.1 pp

Sep 2022−7.5 pp

Dec 2022+6.4 pp

Mar 2023−1.2 pp

Jun 2023−2.4 pp

Sep 2023+3.6 pp

Dec 2023−24.8 pp

Mar 2024−0.4 pp

Jun 2024+7.5 pp

Sep 2024+21.4 pp

Dec 2024+26.9 pp

Mar 2025+21.0 pp

Jun 2025+20.4 pp

Sep 2025+12.5 pp

Dec 2025+28.5 pp

Mar 2026+12.7 pp

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+99.8 pp

Sep 2022−14.9 pp

Dec 2022+2.1 pp

Mar 2023+32.9 pp

Jun 2023+20.5 pp

Sep 2023+18.2 pp

Dec 2023+1.6 pp

Mar 2024−0.5 pp

Jun 2024+7.8 pp

Sep 2024−13.1 pp

Dec 2024+14.0 pp

Mar 2025−0.9 pp

Jun 2025+7.6 pp

Sep 2025−15.2 pp

Dec 2025+15.3 pp

Mar 2026+29.4 pp

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.1 pp

Sep 2022−13.0 pp

Dec 2022−13.0 pp

Mar 2023−8.8 pp

Jun 2023−16.7 pp

Sep 2023+10.4 pp

Dec 2023+8.5 pp

Mar 2024+2.2 pp

Jun 2024+23.3 pp

Sep 2024+11.6 pp

Dec 2024+24.2 pp

Mar 2025+24.6 pp

Jun 2025+15.3 pp

Sep 2025+16.1 pp

Dec 2025+6.6 pp

Mar 2026+17.9 pp

Jun 2026—

Barrick Mining Corporation · B

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−1.0 pp

Sep 2022−8.8 pp

Dec 2022−78.8 pp

Mar 2023−18.3 pp

Jun 2023−9.4 pp

Sep 2023+2.3 pp

Dec 2023+58.0 pp

Mar 2024+5.1 pp

Jun 2024+5.9 pp

Sep 2024+3.0 pp

Dec 2024+27.8 pp

Mar 2025+10.6 pp

Jun 2025+4.0 pp

Sep 2025+25.5 pp

Dec 2025+14.4 pp

Mar 2026+26.8 pp

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−6.0 pp

Sep 2022−24.0 pp

Dec 2022−3.3 pp

Mar 2023−9.5 pp

Jun 2023−3.7 pp

Sep 2023+16.6 pp

Dec 2023−1.3 pp

Mar 2024+7.0 pp

Jun 2024+10.4 pp

Sep 2024+30.4 pp

Dec 2024+25.9 pp

Mar 2025+18.9 pp

Jun 2025+21.6 pp

Sep 2025+5.0 pp

Dec 2025+26.8 pp

Mar 2026+23.5 pp

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−4.9 pp

Sep 2022−21.0 pp

Dec 2022−18.4 pp

Mar 2023+21.6 pp

Jun 2023+1.9 pp

Sep 2023+15.8 pp

Dec 2023+14.0 pp

Mar 2024+9.1 pp

Jun 2024+13.3 pp

Sep 2024+12.6 pp

Dec 2024+16.7 pp

Mar 2025+8.9 pp

Jun 2025+8.5 pp

Sep 2025+9.2 pp

Dec 2025+7.4 pp

Mar 2026+19.2 pp

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+6.6 pp

Sep 2022−0.3 pp

Dec 2022−22.5 pp

Mar 2023−0.3 pp

Jun 2023−4.9 pp

Sep 2023−1.5 pp

Dec 2023−384.6 pp

Mar 2024−0.7 pp

Jun 2024+4.2 pp

Sep 2024+5.6 pp

Dec 2024+393.3 pp

Mar 2025+7.2 pp

Jun 2025+17.8 pp

Sep 2025+3.9 pp

Dec 2025+8.3 pp

Mar 2026+20.0 pp

Jun 2026—

IAMGOLD Corporation · IAG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+10.4 pp

Sep 2022+24.9 pp

Dec 2022+88.9 pp

Mar 2023−9.7 pp

Jun 2023−4.1 pp

Sep 2023−10.4 pp

Dec 2023+10.6 pp

Mar 2024+18.1 pp

Jun 2024+32.6 pp

Sep 2024+145.2 pp

Dec 2024+24.7 pp

Mar 2025−2.1 pp

Jun 2025−2.6 pp

Sep 2025−105.1 pp

Dec 2025+29.3 pp

Mar 2026+29.2 pp

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−4.6 pp

Sep 2022+17.1 pp

Dec 2022+7.5 pp

Mar 2023+0.9 pp

Jun 2023+14.0 pp

Sep 2023+7.5 pp

Dec 2023+32.2 pp

Mar 2024+2.4 pp

Jun 2024+2.7 pp

Sep 2024+17.7 pp

Dec 2024+18.1 pp

Mar 2025+20.2 pp

Jun 2025+20.3 pp

Sep 2025+6.8 pp

Dec 2025+20.1 pp

Mar 2026+17.5 pp

Jun 2026—

Newmont Corporation · NEM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−13.7 pp

Sep 2022+8.9 pp

Dec 2022+14.2 pp

Mar 2023−7.5 pp

Jun 2023−4.1 pp

Sep 2023−1.7 pp

Dec 2023−67.5 pp

Mar 2024−9.0 pp

Jun 2024+10.0 pp

Sep 2024+15.0 pp

Dec 2024+107.1 pp

Mar 2025+35.0 pp

Jun 2025+34.1 pp

Sep 2025+22.1 pp

Dec 2025+21.2 pp

Mar 2026+16.2 pp

Jun 2026—

Pan American Silver Corp. · PAAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−68.9 pp

Sep 2022−37.0 pp

Dec 2022−49.4 pp

Mar 2023−3.3 pp

Jun 2023+44.2 pp

Sep 2023+22.3 pp

Dec 2023+36.6 pp

Mar 2024−1.3 pp

Jun 2024+14.0 pp

Sep 2024+14.0 pp

Dec 2024+21.4 pp

Mar 2025+23.8 pp

Jun 2025+17.0 pp

Sep 2025+8.7 pp

Dec 2025+17.3 pp

Mar 2026+18.5 pp

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+0.1 pp

Sep 2022−4.4 pp

Dec 2022−62.2 pp

Mar 2023−6.0 pp

Jun 2023+1.5 pp

Sep 2023+3.4 pp

Dec 2023+8.6 pp

Mar 2024+7.3 pp

Jun 2024+5.5 pp

Sep 2024+6.8 pp

Dec 2024−19.9 pp

Mar 2025+8.5 pp

Jun 2025+9.0 pp

Sep 2025+9.1 pp

Dec 2025+43.8 pp

Mar 2026+13.1 pp

Jun 2026—

03 · compare level, then change

Profit Scale & Acceleration

Barrick Mining Corporation has the highest Net profit among the 28 Gold companies compared here, at $8,854 million. Agnico Eagle Mines Limited is next at $5,342 million. Agnico Eagle Mines Limited has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Barrick Mining Corporation leads with $8,854 million of TTM profit, 65.7% above Agnico Eagle Mines Limited. Agnico Eagle Mines Limited shows ≥100% on the scoring scale (126.1% uncapped) growth from a $5,342 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderBarrick Mining Corporation · $8,854 million

Gap65.7% versus #2 · Agnico Eagle Mines Limited

Persistence8/8 recent comparable periods

Coverage25/28 companies · 518 observations

Investor read: Barrick Mining Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Barrick Mining Corporation B$8.9B

2Agnico Eagle Mines Limited AEM$5.3B

3AngloGold Ashanti plc AU$4.1B

4OceanaGold Corporation OGC$3.5B

5Kinross Gold Corporation KGC$2.9B

Profit growthfastest growers

1Agnico Eagle Mines Limited AEM100%

2Alamos Gold Inc. AGI100%

3Aris Mining Corporation ARIS100%

4AngloGold Ashanti plc AU100%

5Barrick Mining Corporation B100%

Net profit · company comparison

25/28 level · 18/28 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Net profit	Profit growth	Reported
Newmont Corporation NEM	$3.2B	74%	Jun 2026
Gold Fields Limited GFI	$2.6B	192%	Dec 2025
Barrick Mining Corporation B	$2.5B	218%	Mar 2026
Agnico Eagle Mines Limited AEM	$1.7B	108%	Mar 2026
AngloGold Ashanti plc AU	$1.5B	170%	Mar 2026
OceanaGold Corporation OGC	$992M	84%	Mar 2026
Kinross Gold Corporation KGC	$856M	120%	Mar 2026
Wheaton Precious Metals Corp. WPM	$582M	129%	Mar 2026
Alamos Gold Inc. AGI	$507M	195%	Mar 2026
Franco-Nevada Corporation FNV	$469M	123%	Mar 2026
Pan American Silver Corp. PAAS	$456M	170%	Mar 2026
IAMGOLD Corporation IAG	$417M	787%	Mar 2026
Equinox Gold Corp. EQX	$310M	571%	Mar 2026
Royal Gold, Inc. RGLD	$282M	147%	Mar 2026
Coeur Mining, Inc. CDE	$247M	648%	Mar 2026
B2Gold Corp. BTG	$206M	227%	Mar 2026
Eldorado Gold Corporation EGO	$136M	81%	Mar 2026
Fortuna Mining Corp. FSM	$120M	208%	Mar 2026
Aris Mining Corporation ARIS	$98M	3,167%	Mar 2026
Aura Minerals Inc. AUGO	$95M	-26%	Mar 2026
Centerra Gold Inc. CGAU	$79M	163%	Mar 2026
Orla Mining Ltd. ORLA	$75M	204%	Mar 2026
OR Royalties Inc. OR	$74M	185%	Mar 2026
Seabridge Gold Inc. SA	$-7M	-164%	Mar 2026
NovaGold Resources Inc. NG	$-15M	—	Jun 2026
Allied Gold Corporation AAUC	$-44M	-210%	Mar 2026
Hycroft Mining Holding Corporation HYMC	$-48M	—	Mar 2026
SSR Mining Inc. SSRM	$-83M	-318%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 2021$119M

Dec 2021$101M

Mar 2022$119M

Jun 2022$290M

Sep 2022$67M

Dec 2022$194M

Mar 2023$1.8B

Jun 2023$324M

Sep 2023$175M

Dec 2023$-374M

Mar 2024$347M

Jun 2024$472M

Sep 2024$567M

Dec 2024$509M

Mar 2025$815M

Jun 2025$1.1B

Sep 2025$1.1B

Dec 2025$1.5B

Mar 2026$1.7B

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021$88M

Dec 2021$64M

Mar 2022$-20M

Jun 2022$53M

Sep 2022$66M

Dec 2022$65M

Mar 2023$96M

Jun 2023$107M

Sep 2023$115M

Dec 2023$59M

Mar 2024$114M

Jun 2024$187M

Sep 2024$136M

Dec 2024$202M

Mar 2025$172M

Jun 2025$269M

Sep 2025$192M

Dec 2025$463M

Mar 2026$507M

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021$137M

Dec 2021$137M

Mar 2022$158M

Jun 2022$158M

Sep 2022$-33M

Dec 2022$-33M

Mar 2023$46M

Jun 2023$-81M

Sep 2023$-222M

Dec 2023$35M

Mar 2024$59M

Jun 2024$262M

Sep 2024$234M

Dec 2024$494M

Mar 2025$542M

Jun 2025$806M

Sep 2025$815M

Dec 2025$1.0B

Mar 2026$1.5B

Jun 2026—

Barrick Mining Corporation · B

Sep 2021$612M

Dec 2021$1.2B

Mar 2022$706M

Jun 2022$717M

Sep 2022$410M

Dec 2022$-816M

Mar 2023$269M

Jun 2023$502M

Sep 2023$585M

Dec 2023$597M

Mar 2024$487M

Jun 2024$634M

Sep 2024$780M

Dec 2024$1.2B

Mar 2025$781M

Jun 2025$1.3B

Sep 2025$1.9B

Dec 2025$3.2B

Mar 2026$2.5B

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021$-55M

Dec 2021$-11M

Mar 2022$8M

Jun 2022$-77M

Sep 2022$-57M

Dec 2022$49M

Mar 2023$-25M

Jun 2023$-32M

Sep 2023$-21M

Dec 2023$-26M

Mar 2024$-29M

Jun 2024$1M

Sep 2024$49M

Dec 2024$34M

Mar 2025$33M

Jun 2025$71M

Sep 2025$267M

Dec 2025$320M

Mar 2026$247M

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 2021$166M

Dec 2021$221M

Mar 2022$182M

Jun 2022$197M

Sep 2022$157M

Dec 2022$165M

Mar 2023$157M

Jun 2023$185M

Sep 2023$175M

Dec 2023$-983M

Mar 2024$145M

Jun 2024$80M

Sep 2024$153M

Dec 2024$175M

Mar 2025$210M

Jun 2025$247M

Sep 2025$288M

Dec 2025$368M

Mar 2026$469M

Jun 2026—

Gold Fields Limited · GFI

Sep 2021—

Dec 2021$707M

Mar 2022—

Jun 2022$534M

Sep 2022—

Dec 2022$175M

Mar 2023—

Jun 2023$457M

Sep 2023—

Dec 2023$288M

Mar 2024—

Jun 2024$402M

Sep 2024—

Dec 2024$888M

Mar 2025—

Jun 2025$1.1B

Sep 2025—

Dec 2025$2.6B

Mar 2026—

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021$-119M

Dec 2021$-69M

Mar 2022$-443M

Jun 2022$-49M

Sep 2022$130M

Dec 2022$-214M

Mar 2023$90M

Jun 2023$151M

Sep 2023$109M

Dec 2023$65M

Mar 2024$107M

Jun 2024$209M

Sep 2024$390M

Dec 2024$288M

Mar 2025$389M

Jun 2025$559M

Sep 2025$609M

Dec 2025$913M

Mar 2026$856M

Jun 2026—

Newmont Corporation · NEM

Sep 2021$-282M

Dec 2021$-792M

Mar 2022$430M

Jun 2022$383M

Sep 2022$195M

Dec 2022$-1.5B

Mar 2023$338M

Jun 2023$139M

Sep 2023$160M

Dec 2023$-3.2B

Mar 2024$172M

Jun 2024$860M

Sep 2024$864M

Dec 2024$1.4B

Mar 2025$1.8B

Jun 2025$2.0B

Sep 2025$1.7B

Dec 2025$1.2B

Mar 2026$3.2B

Jun 2026—

Pan American Silver Corp. · PAAS

Sep 2021$20M

Dec 2021$15M

Mar 2022$77M

Jun 2022$-174M

Sep 2022$-71M

Dec 2022$-172M

Mar 2023$17M

Jun 2023$-33M

Sep 2023$-21M

Dec 2023$-68M

Mar 2024$-31M

Jun 2024$-21M

Sep 2024$57M

Dec 2024$108M

Mar 2025$169M

Jun 2025$190M

Sep 2025$169M

Dec 2025$452M

Mar 2026$456M

Jun 2026—

Royal Gold, Inc. · RGLD

Sep 2021$70M

Dec 2021$68M

Mar 2022$66M

Jun 2022$71M

Sep 2022$46M

Dec 2022$57M

Mar 2023$64M

Jun 2023$64M

Sep 2023$49M

Dec 2023$63M

Mar 2024$47M

Jun 2024$81M

Sep 2024$96M

Dec 2024$108M

Mar 2025$114M

Jun 2025$132M

Sep 2025$132M

Dec 2025$94M

Mar 2026$282M

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 2021$135M

Dec 2021$293M

Mar 2022$157M

Jun 2022$149M

Sep 2022$196M

Dec 2022$141M

Mar 2023$111M

Jun 2023$141M

Sep 2023$116M

Dec 2023$168M

Mar 2024$164M

Jun 2024$122M

Sep 2024$155M

Dec 2024$88M

Mar 2025$254M

Jun 2025$292M

Sep 2025$367M

Dec 2025$558M

Mar 2026$582M

Jun 2026—

Profit growth · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202248%

Sep 2022-44%

Dec 202292%

Mar 20231,427%

Jun 202312%

Sep 2023161%

Dec 2023-293%

Mar 2024-81%

Jun 202446%

Sep 2024224%

Dec 2024—

Mar 2025135%

Jun 2025126%

Sep 202586%

Dec 2025199%

Mar 2026108%

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-25%

Dec 20221.6%

Mar 2023—

Jun 2023102%

Sep 202374%

Dec 2023-9.2%

Mar 202419%

Jun 202475%

Sep 202418%

Dec 2024242%

Mar 202551%

Jun 202544%

Sep 202541%

Dec 2025129%

Mar 2026195%

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-3.7%

Sep 2022-124%

Dec 2022-124%

Mar 2023-71%

Jun 2023-151%

Sep 2023—

Dec 2023—

Mar 202428%

Jun 2024—

Sep 2024—

Dec 20241,311%

Mar 2025819%

Jun 2025208%

Sep 2025248%

Dec 2025105%

Mar 2026170%

Jun 2026—

Barrick Mining Corporation · B

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20223.3%

Sep 2022-33%

Dec 2022-171%

Mar 2023-62%

Jun 2023-30%

Sep 202343%

Dec 2023—

Mar 202481%

Jun 202426%

Sep 202433%

Dec 202499%

Mar 202560%

Jun 202598%

Sep 2025144%

Dec 2025171%

Mar 2026218%

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-341%

Sep 2022—

Dec 2022—

Mar 2023-413%

Jun 2023—

Sep 2023—

Dec 2023-153%

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20257,000%

Sep 2025445%

Dec 2025841%

Mar 2026648%

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202213%

Sep 2022-5.4%

Dec 2022-25%

Mar 2023-14%

Jun 2023-6.1%

Sep 202311%

Dec 2023-696%

Mar 2024-7.6%

Jun 2024-57%

Sep 2024-13%

Dec 2024—

Mar 202545%

Jun 2025209%

Sep 202588%

Dec 2025110%

Mar 2026123%

Jun 2026—

Gold Fields Limited · GFI

Sep 2021—

Dec 202121%

Mar 2022—

Jun 202230%

Sep 2022—

Dec 2022-75%

Mar 2023—

Jun 2023-14%

Sep 2023—

Dec 202365%

Mar 2024—

Jun 2024-12%

Sep 2024—

Dec 2024208%

Mar 2025—

Jun 2025163%

Sep 2025—

Dec 2025192%

Mar 2026—

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-133%

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023-16%

Dec 2023—

Mar 202419%

Jun 202438%

Sep 2024258%

Dec 2024343%

Mar 2025264%

Jun 2025167%

Sep 202556%

Dec 2025217%

Mar 2026120%

Jun 2026—

Newmont Corporation · NEM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-37%

Sep 2022—

Dec 2022—

Mar 2023-21%

Jun 2023-64%

Sep 2023-18%

Dec 2023—

Mar 2024-49%

Jun 2024519%

Sep 2024440%

Dec 2024—

Mar 2025960%

Jun 2025136%

Sep 202599%

Dec 2025-13%

Mar 202674%

Jun 2026—

Pan American Silver Corp. · PAAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-345%

Sep 2022-455%

Dec 2022-1,247%

Mar 2023-78%

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024-282%

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025196%

Dec 2025319%

Mar 2026170%

Jun 2026—

Royal Gold, Inc. · RGLD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-13%

Sep 2022-34%

Dec 2022-16%

Mar 2023-3.0%

Jun 2023-9.9%

Sep 20236.5%

Dec 202311%

Mar 2024-27%

Jun 202427%

Sep 202496%

Dec 202471%

Mar 2025143%

Jun 202563%

Sep 202538%

Dec 2025-13%

Mar 2026147%

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-10%

Sep 202245%

Dec 2022-52%

Mar 2023-29%

Jun 2023-5.4%

Sep 2023-41%

Dec 202319%

Mar 202448%

Jun 2024-13%

Sep 202434%

Dec 2024-48%

Mar 202555%

Jun 2025139%

Sep 2025137%

Dec 2025534%

Mar 2026129%

Jun 2026—

04 · compare level, then change

Capacity Spending & Returns On It

Barrick Mining Corporation has the highest CAPEX among the 28 Gold companies compared here, at $979 million. Newmont Corporation is next at $719 million. OR Royalties Inc. has the highest CAPEX intensity at 91.5%, so level and change sit with different companies. 25 of 28 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Barrick Mining Corporation reports $979 million of CAPEX; OR Royalties Inc. has the highest covered intensity at 91.5%. Coverage is only 25 of 28 companies and 417 reported observations, so this is partial evidence—not a complete sector rank.

LeaderBarrick Mining Corporation · $979 million

Gap36.2% versus #2 · Newmont Corporation

Persistence8/8 recent comparable periods

Coverage25/28 companies · 417 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

CAPEXlargest spenders

1Barrick Mining Corporation B$979M

2Newmont Corporation NEM$719M

3Gold Fields Limited GFI · older report$665M

4Agnico Eagle Mines Limited AEM$614M

5AngloGold Ashanti plc AU$428M

CAPEX intensityhighest reinvestment intensity

1OR Royalties Inc. OR92%

2Eldorado Gold Corporation EGO59%

3Alamos Gold Inc. AGI31%

4Allied Gold Corporation AAUC25%

5Equinox Gold Corp. EQX22%

Capital expenditure · company comparison

25/28 level · 24/28 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	CAPEX	CAPEX intensity	Reported
Barrick Mining Corporation B	$979M	19%	Mar 2026
Newmont Corporation NEM	$719M	8.8%	Jun 2026
Gold Fields Limited GFI	$665M	19%	Dec 2025
Agnico Eagle Mines Limited AEM	$614M	15%	Mar 2026
AngloGold Ashanti plc AU	$428M	13%	Mar 2026
Eldorado Gold Corporation EGO	$311M	59%	Mar 2026
Kinross Gold Corporation KGC	$283M	12%	Mar 2026
Alamos Gold Inc. AGI	$187M	31%	Mar 2026
Equinox Gold Corp. EQX	$185M	22%	Mar 2026
B2Gold Corp. BTG	$178M	15%	Mar 2026
OceanaGold Corporation OGC	$126M	18%	Mar 2026
Pan American Silver Corp. PAAS	$105M	9.1%	Mar 2026
IAMGOLD Corporation IAG	$105M	10%	Mar 2026
Allied Gold Corporation AAUC	$100M	25%	Mar 2026
Coeur Mining, Inc. CDE	$74M	8.6%	Mar 2026
Centerra Gold Inc. CGAU	$71M	15%	Mar 2026
Aris Mining Corporation ARIS	$65M	18%	Mar 2026
SSR Mining Inc. SSRM	$64M	15%	Mar 2026
Fortuna Mining Corp. FSM	$45M	13%	Mar 2026
Aura Minerals Inc. AUGO	$44M	12%	Mar 2026
Orla Mining Ltd. ORLA	$19M	5.0%	Mar 2026
Franco-Nevada Corporation FNV	$1M	0.2%	Mar 2026
Hycroft Mining Holding Corporation HYMC	$1M	0.0%	Mar 2026
NovaGold Resources Inc. NG	$0M	—	Jun 2026

Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 24 companies with a series here. The remaining 12 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 2021$251M

Dec 2021$237M

Mar 2022$293M

Jun 2022$409M

Sep 2022$436M

Dec 2022$401M

Mar 2023$385M

Jun 2023$424M

Sep 2023$420M

Dec 2023$426M

Mar 2024$388M

Jun 2024$404M

Sep 2024$464M

Dec 2024$562M

Mar 2025$450M

Jun 2025$540M

Sep 2025$626M

Dec 2025$801M

Mar 2026$614M

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021$89M

Dec 2021$103M

Mar 2022$87M

Jun 2022$69M

Sep 2022$73M

Dec 2022$85M

Mar 2023$84M

Jun 2023$80M

Sep 2023$75M

Dec 2023$110M

Mar 2024$85M

Jun 2024$88M

Sep 2024$107M

Dec 2024$139M

Mar 2025$102M

Jun 2025$122M

Sep 2025$139M

Dec 2025$158M

Mar 2026$187M

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021—

Dec 2021—

Mar 2022$217M

Jun 2022$217M

Sep 2022$297M

Dec 2022$297M

Mar 2023$227M

Jun 2023$226M

Sep 2023$255M

Dec 2023$334M

Mar 2024$240M

Jun 2024$250M

Sep 2024$267M

Dec 2024$333M

Mar 2025$303M

Jun 2025$350M

Sep 2025$342M

Dec 2025$454M

Mar 2026$428M

Jun 2026—

Barrick Mining Corporation · B

Sep 2021$569M

Dec 2021$669M

Mar 2022$611M

Jun 2022$755M

Sep 2022$792M

Dec 2022$891M

Mar 2023$688M

Jun 2023$769M

Sep 2023$768M

Dec 2023$861M

Mar 2024$728M

Jun 2024$819M

Sep 2024$736M

Dec 2024$891M

Mar 2025$837M

Jun 2025$934M

Sep 2025$943M

Dec 2025$1.1B

Mar 2026$979M

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021$71M

Dec 2021$101M

Mar 2022$70M

Jun 2022$73M

Sep 2022$97M

Dec 2022$113M

Mar 2023$74M

Jun 2023$86M

Sep 2023$112M

Dec 2023$93M

Mar 2024$42M

Jun 2024$51M

Sep 2024$42M

Dec 2024$48M

Mar 2025$50M

Jun 2025$61M

Sep 2025$49M

Dec 2025$61M

Mar 2026$74M

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 2021$64M

Dec 2021$82M

Mar 2022$52M

Jun 2022$83M

Sep 2022$74M

Dec 2022$81M

Mar 2023$72M

Jun 2023$86M

Sep 2023$115M

Dec 2023$129M

Mar 2024$121M

Jun 2024$133M

Sep 2024$169M

Dec 2024$171M

Mar 2025$158M

Jun 2025$191M

Sep 2025$243M

Dec 2025$274M

Mar 2026$311M

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 2021$0M

Dec 2021$1M

Mar 2022$0M

Jun 2022$0M

Sep 2022$1M

Dec 2022$1M

Mar 2023$0M

Jun 2023$1M

Sep 2023$0M

Dec 2023$0M

Mar 2024$0M

Jun 2024$0M

Sep 2024$1M

Dec 2024$1M

Mar 2025$3M

Jun 2025$1M

Sep 2025$1M

Dec 2025$1M

Mar 2026$1M

Jun 2026—

Gold Fields Limited · GFI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022$545M

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023$508M

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024$601M

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025$665M

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

IAMGOLD Corporation · IAG

Sep 2021$139M

Dec 2021$253M

Mar 2022$142M

Jun 2022$227M

Sep 2022$204M

Dec 2022$208M

Mar 2023$222M

Jun 2023$228M

Sep 2023$245M

Dec 2023$280M

Mar 2024$169M

Jun 2024$212M

Sep 2024$118M

Dec 2024$138M

Mar 2025$70M

Jun 2025$90M

Sep 2025$70M

Dec 2025$98M

Mar 2026$105M

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021$204M

Dec 2021$256M

Mar 2022$101M

Jun 2022$149M

Sep 2022$197M

Dec 2022$317M

Mar 2023$221M

Jun 2023$282M

Sep 2023$284M

Dec 2023$311M

Mar 2024$242M

Jun 2024$274M

Sep 2024$279M

Dec 2024$281M

Mar 2025$208M

Jun 2025$306M

Sep 2025$312M

Dec 2025$368M

Mar 2026$283M

Jun 2026—

Newmont Corporation · NEM

Sep 2021$398M

Dec 2021$441M

Mar 2022$437M

Jun 2022$519M

Sep 2022$529M

Dec 2022$646M

Mar 2023$526M

Jun 2023$616M

Sep 2023$604M

Dec 2023$920M

Mar 2024$850M

Jun 2024$800M

Sep 2024$877M

Dec 2024$875M

Mar 2025$826M

Jun 2025$674M

Sep 2025$727M

Dec 2025$808M

Mar 2026$641M

Jun 2026$719M

Pan American Silver Corp. · PAAS

Sep 2021$62M

Dec 2021$70M

Mar 2022$62M

Jun 2022$72M

Sep 2022$69M

Dec 2022$72M

Mar 2023$39M

Jun 2023$113M

Sep 2023$109M

Dec 2023$119M

Mar 2024$87M

Jun 2024$76M

Sep 2024$75M

Dec 2024$85M

Mar 2025$68M

Jun 2025$60M

Sep 2025$91M

Dec 2025$94M

Mar 2026$105M

Jun 2026—

CAPEX intensity · reported quarter history

Showing the 12 largest of 23 companies with a series here. The remaining 11 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 202126%

Dec 202125%

Mar 202222%

Jun 202226%

Sep 202230%

Dec 202229%

Mar 202326%

Jun 202325%

Sep 202326%

Dec 202324%

Mar 202421%

Jun 202420%

Sep 202422%

Dec 202425%

Mar 202518%

Jun 202519%

Sep 202521%

Dec 202523%

Mar 202615%

Jun 2026—

Alamos Gold Inc. · AGI

Sep 202145%

Dec 202151%

Mar 202247%

Jun 202236%

Sep 202234%

Dec 202237%

Mar 202333%

Jun 202331%

Sep 202329%

Dec 202343%

Mar 202431%

Jun 202426%

Sep 202430%

Dec 202437%

Mar 202531%

Jun 202528%

Sep 202530%

Dec 202528%

Mar 202631%

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021—

Dec 2021—

Mar 202220%

Jun 202220%

Sep 202225%

Dec 202225%

Mar 202322%

Jun 202320%

Sep 202322%

Dec 202327%

Mar 202421%

Jun 202418%

Sep 202418%

Dec 202419%

Mar 202515%

Jun 202514%

Sep 202514%

Dec 202515%

Mar 202613%

Jun 2026—

Barrick Mining Corporation · B

Sep 202120%

Dec 202120%

Mar 202221%

Jun 202226%

Sep 202231%

Dec 202232%

Mar 202326%

Jun 202327%

Sep 202327%

Dec 202328%

Mar 202427%

Jun 202426%

Sep 202422%

Dec 202424%

Mar 202527%

Jun 202525%

Sep 202523%

Dec 202519%

Mar 202619%

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 202134%

Dec 202149%

Mar 202237%

Jun 202236%

Sep 202253%

Dec 202254%

Mar 202340%

Jun 202349%

Sep 202357%

Dec 202336%

Mar 202420%

Jun 202423%

Sep 202413%

Dec 202416%

Mar 202514%

Jun 202513%

Sep 20258.8%

Dec 20259.0%

Mar 20268.6%

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 202127%

Dec 202134%

Mar 202227%

Jun 202239%

Sep 202234%

Dec 202233%

Mar 202332%

Jun 202338%

Sep 202347%

Dec 202342%

Mar 202447%

Jun 202445%

Sep 202451%

Dec 202439%

Mar 202545%

Jun 202542%

Sep 202556%

Dec 202548%

Mar 202659%

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 20210.0%

Dec 20210.3%

Mar 20220.0%

Jun 20220.0%

Sep 20220.3%

Dec 20220.3%

Mar 20230.0%

Jun 20230.3%

Sep 20230.0%

Dec 20230.0%

Mar 20240.0%

Jun 20240.0%

Sep 20240.4%

Dec 20240.3%

Mar 20250.8%

Jun 20250.3%

Sep 20250.2%

Dec 20250.2%

Mar 20260.2%

Jun 2026—

Gold Fields Limited · GFI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202224%

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202322%

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202428%

Sep 2024—

Dec 2024—

Mar 2025—

Jun 202519%

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

IAMGOLD Corporation · IAG

Sep 202147%

Dec 202186%

Mar 202254%

Jun 202298%

Sep 202280%

Dec 2022101%

Mar 202398%

Jun 202395%

Sep 2023109%

Dec 202394%

Mar 202450%

Jun 202455%

Sep 202427%

Dec 202429%

Mar 202515%

Jun 202516%

Sep 20259.9%

Dec 20259.0%

Mar 202610%

Jun 2026—

Kinross Gold Corporation · KGC

Sep 202135%

Dec 202142%

Mar 202214%

Jun 202218%

Sep 202223%

Dec 202230%

Mar 202324%

Jun 202326%

Sep 202326%

Dec 202328%

Mar 202422%

Jun 202423%

Sep 202420%

Dec 202420%

Mar 202514%

Jun 202518%

Sep 202517%

Dec 202518%

Mar 202612%

Jun 2026—

Newmont Corporation · NEM

Sep 202114%

Dec 202113%

Mar 202215%

Jun 202217%

Sep 202220%

Dec 202220%

Mar 202320%

Jun 202323%

Sep 202324%

Dec 202323%

Mar 202421%

Jun 202418%

Sep 202419%

Dec 202416%

Mar 202517%

Jun 202513%

Sep 202513%

Dec 202512%

Mar 20268.8%

Jun 2026—

Pan American Silver Corp. · PAAS

Sep 202114%

Dec 202117%

Mar 202214%

Jun 202221%

Sep 202220%

Dec 202219%

Mar 202310%

Jun 202318%

Sep 202318%

Dec 202318%

Mar 202415%

Jun 202411%

Sep 202411%

Dec 202410%

Mar 20258.8%

Jun 20257.4%

Sep 202511%

Dec 20258.0%

Mar 20269.1%

Jun 2026—

Annual capital allocation · 6-year view

26/28 capacity base · 28/28 OCF · 23/28 CAPEX · 28/28 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Jun 2021—

Dec 2021$7.7B

Dec 2022$18.5B

Dec 2023$21.2B

Dec 2024$21.5B

Dec 2025$22.9B

Alamos Gold Inc. · AGI

Jun 2021—

Dec 2021$3.1B

Dec 2022$3.2B

Dec 2023$3.4B

Dec 2024$4.6B

Dec 2025$5.0B

AngloGold Ashanti plc · AU

Jun 2021—

Dec 2021$3.7B

Dec 2022$4.4B

Dec 2023$4.6B

Dec 2024$8.6B

Dec 2025$8.7B

Barrick Mining Corporation · B

Jun 2021—

Dec 2021$25.0B

Dec 2022$25.8B

Dec 2023$26.4B

Dec 2024$28.6B

Dec 2025$29.4B

Coeur Mining, Inc. · CDE

Jun 2021—

Dec 2021$1.2B

Dec 2022$1.4B

Dec 2023$1.7B

Dec 2024$1.8B

Dec 2025$2.7B

Eldorado Gold Corporation · EGO

Jun 2021—

Dec 2021$4.0B

Dec 2022$3.6B

Dec 2023$3.8B

Dec 2024$4.1B

Dec 2025$4.9B

Franco-Nevada Corporation · FNV

Jun 2021—

Dec 2021$5.1B

Dec 2022$4.9B

Dec 2023$4.0B

Dec 2024$4.1B

Dec 2025$6.0B

Gold Fields Limited · GFI

Jun 2021—

Dec 2021$5.1B

Dec 2022$4.8B

Dec 2023$5.1B

Dec 2024$7.3B

Dec 2025$11.3B

Kinross Gold Corporation · KGC

Jun 2021—

Dec 2021$7.6B

Dec 2022$7.7B

Dec 2023$8.0B

Dec 2024$8.0B

Dec 2025$8.3B

Newmont Corporation · NEM

Jun 2021—

Dec 2021$24.1B

Dec 2022$24.1B

Dec 2023$37.6B

Dec 2024$33.5B

Dec 2025$33.3B

Pan American Silver Corp. · PAAS

Jun 2021—

Dec 2021$2.3B

Dec 2022$2.2B

Dec 2023$5.7B

Dec 2024$5.3B

Dec 2025$5.3B

Wheaton Precious Metals Corp. · WPM

Jun 2021—

Dec 2021$6M

Dec 2022$4M

Dec 2023$8M

Dec 2024$9M

Dec 2025$10M

Operating cash flow · fiscal-year history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Jun 2021—

Dec 2021$1.3B

Dec 2022$2.1B

Dec 2023$2.6B

Dec 2024$4.0B

Dec 2025$6.8B

Alamos Gold Inc. · AGI

Jun 2021—

Dec 2021$357M

Dec 2022$299M

Dec 2023$473M

Dec 2024$661M

Dec 2025$795M

AngloGold Ashanti plc · AU

Jun 2021—

Dec 2021$1.3B

Dec 2022$1.8B

Dec 2023$971M

Dec 2024$2.0B

Dec 2025$4.8B

Barrick Mining Corporation · B

Jun 2021—

Dec 2021$4.4B

Dec 2022$3.5B

Dec 2023$3.7B

Dec 2024$4.5B

Dec 2025$7.7B

Coeur Mining, Inc. · CDE

Jun 2021—

Dec 2021$110M

Dec 2022$26M

Dec 2023$67M

Dec 2024$174M

Dec 2025$887M

Franco-Nevada Corporation · FNV

Jun 2021—

Dec 2021$955M

Dec 2022$1.0B

Dec 2023$991M

Dec 2024$830M

Dec 2025$1.5B

Gold Fields Limited · GFI

Jun 2021—

Dec 2021$1.1B

Dec 2022$1.4B

Dec 2023$1.2B

Dec 2024$1.6B

Dec 2025$3.8B

Kinross Gold Corporation · KGC

Jun 2021—

Dec 2021$695M

Dec 2022$1.0B

Dec 2023$1.6B

Dec 2024$2.4B

Dec 2025$3.8B

Newmont Corporation · NEM

Jun 2021—

Dec 2021$4.3B

Dec 2022$3.2B

Dec 2023$2.8B

Dec 2024$6.4B

Dec 2025$10.3B

Pan American Silver Corp. · PAAS

Jun 2021—

Dec 2021$392M

Dec 2022$32M

Dec 2023$450M

Dec 2024$724M

Dec 2025$1.3B

Royal Gold, Inc. · RGLD

Jun 2021—

Dec 2021$462M

Dec 2022$417M

Dec 2023$416M

Dec 2024$530M

Dec 2025$705M

Wheaton Precious Metals Corp. · WPM

Jun 2021—

Dec 2021$845M

Dec 2022$743M

Dec 2023$751M

Dec 2024$1.0B

Dec 2025$1.9B

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 23 companies with a series here. The remaining 11 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Jun 2021—

Dec 2021$897M

Dec 2022$1.5B

Dec 2023$1.7B

Dec 2024$1.8B

Dec 2025$2.4B

Alamos Gold Inc. · AGI

Jun 2021—

Dec 2021$349M

Dec 2022$314M

Dec 2023$349M

Dec 2024$425M

Dec 2025$524M

AngloGold Ashanti plc · AU

Jun 2021—

Dec 2021$1.0B

Dec 2022$1.0B

Dec 2023$1.0B

Dec 2024$1.1B

Dec 2025$1.4B

Barrick Mining Corporation · B

Jun 2021—

Dec 2021$2.4B

Dec 2022$3.0B

Dec 2023$3.1B

Dec 2024$3.2B

Dec 2025$3.8B

Coeur Mining, Inc. · CDE

Jun 2021—

Dec 2021$310M

Dec 2022$352M

Dec 2023$365M

Dec 2024$183M

Dec 2025$221M

Eldorado Gold Corporation · EGO

Jun 2021—

Dec 2021$282M

Dec 2022$290M

Dec 2023$402M

Dec 2024$594M

Dec 2025$866M

Franco-Nevada Corporation · FNV

Jun 2021—

Dec 2021$2M

Dec 2022$2M

Dec 2023$2M

Dec 2024$2M

Dec 2025$5M

Gold Fields Limited · GFI

Jun 2021—

Dec 2021$1.1B

Dec 2022$1.1B

Dec 2023$1.1B

Dec 2024$1.2B

Dec 2025$1.4B

IAMGOLD Corporation · IAG

Jun 2021—

Dec 2021$554M

Dec 2022$781M

Dec 2023$976M

Dec 2024$636M

Dec 2025$328M

Kinross Gold Corporation · KGC

Jun 2021—

Dec 2021$822M

Dec 2022$764M

Dec 2023$1.1B

Dec 2024$1.1B

Dec 2025$1.2B

Newmont Corporation · NEM

Jun 2021—

Dec 2021$1.7B

Dec 2022$2.1B

Dec 2023$2.7B

Dec 2024$3.4B

Dec 2025$3.0B

Pan American Silver Corp. · PAAS

Jun 2021—

Dec 2021$243M

Dec 2022$275M

Dec 2023$379M

Dec 2024$323M

Dec 2025$314M

Free cash flow · fiscal-year history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Jun 2021—

Dec 2021$448M

Dec 2022$558M

Dec 2023$947M

Dec 2024$2.1B

Dec 2025$4.4B

Alamos Gold Inc. · AGI

Jun 2021—

Dec 2021$8M

Dec 2022$-15M

Dec 2023$124M

Dec 2024$236M

Dec 2025$271M

AngloGold Ashanti plc · AU

Jun 2021—

Dec 2021$240M

Dec 2022$776M

Dec 2023$-71M

Dec 2024$878M

Dec 2025$3.3B

Barrick Mining Corporation · B

Jun 2021—

Dec 2021$1.9B

Dec 2022$432M

Dec 2023$646M

Dec 2024$1.3B

Dec 2025$3.9B

Coeur Mining, Inc. · CDE

Jun 2021—

Dec 2021$-199M

Dec 2022$-327M

Dec 2023$-297M

Dec 2024$-9M

Dec 2025$666M

Franco-Nevada Corporation · FNV

Jun 2021—

Dec 2021$954M

Dec 2022$998M

Dec 2023$990M

Dec 2024$828M

Dec 2025$1.5B

Gold Fields Limited · GFI

Jun 2021—

Dec 2021$51M

Dec 2022$310M

Dec 2023$138M

Dec 2024$424M

Dec 2025$2.4B

Kinross Gold Corporation · KGC

Jun 2021—

Dec 2021$-127M

Dec 2022$238M

Dec 2023$507M

Dec 2024$1.4B

Dec 2025$2.6B

Newmont Corporation · NEM

Jun 2021—

Dec 2021$2.6B

Dec 2022$1.1B

Dec 2023$97M

Dec 2024$3.0B

Dec 2025$7.3B

Pan American Silver Corp. · PAAS

Jun 2021—

Dec 2021$149M

Dec 2022$-243M

Dec 2023$71M

Dec 2024$401M

Dec 2025$1.0B

Royal Gold, Inc. · RGLD

Jun 2021—

Dec 2021$462M

Dec 2022$417M

Dec 2023$416M

Dec 2024$530M

Dec 2025$705M

Wheaton Precious Metals Corp. · WPM

Jun 2021—

Dec 2021$845M

Dec 2022$743M

Dec 2023$751M

Dec 2024$1.0B

Dec 2025$1.9B

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Centerra Gold Inc. has the lowest Gross debt among the 28 Gold companies compared here, at $0 million. Newmont Corporation has the lowest Net debt at $3,411 million net cash, so level and change sit with different companies. 27 of 28 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Newmont Corporation has the clearest covered balance-sheet capacity with $3,411 million net cash and gross debt of $5,598 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderCenterra Gold Inc. · $0 million

Gapnull versus #2 · Franco-Nevada Corporation

Persistence8/8 recent comparable periods

Coverage27/28 companies · 513 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

Gross debtlowest gross debt

1Centerra Gold Inc. CGAU$0M

2Franco-Nevada Corporation FNV$0M

3Hycroft Mining Holding Corporation HYMC$0M

4OR Royalties Inc. OR$5M

5Wheaton Precious Metals Corp. WPM$8M

Net debtlowest net debt

1Newmont Corporation NEM$-3.4B

2Agnico Eagle Mines Limited AEM$-2.8B

3Barrick Mining Corporation B$-2.4B

4Wheaton Precious Metals Corp. WPM$-2.2B

5Kinross Gold Corporation KGC$-1.4B

Debt and balance-sheet capacity · company comparison

27/28 level · 27/28 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Gross debt	Net debt	Reported
Newmont Corporation NEM	$5.6B	$-3.4B	Jun 2026
Barrick Mining Corporation B	$4.7B	$-2.4B	Mar 2026
AngloGold Ashanti plc AU	$2.3B	$-868M	Mar 2026
Eldorado Gold Corporation EGO	$1.2B	$614M	Mar 2026
Pan American Silver Corp. PAAS	$845M	$-769M	Mar 2026
Coeur Mining, Inc. CDE	$761M	$-82M	Mar 2026
Kinross Gold Corporation KGC	$739M	$-1.4B	Mar 2026
IAMGOLD Corporation IAG	$651M	$101M	Mar 2026
Equinox Gold Corp. EQX	$615M	$115M	Mar 2026
Royal Gold, Inc. RGLD	$596M	$362M	Mar 2026
Seabridge Gold Inc. SA	$559M	$414M	Mar 2026
Aris Mining Corporation ARIS	$544M	$70M	Mar 2026
B2Gold Corp. BTG	$520M	$41M	Mar 2026
Aura Minerals Inc. AUGO	$409M	$141M	Mar 2026
Agnico Eagle Mines Limited AEM	$319M	$-2.8B	Mar 2026
Orla Mining Ltd. ORLA	$315M	$-112M	Mar 2026
Allied Gold Corporation AAUC	$247M	$-177M	Mar 2026
Alamos Gold Inc. AGI	$220M	$-484M	Mar 2026
Fortuna Mining Corp. FSM	$209M	$-457M	Mar 2026
NovaGold Resources Inc. NG	$174M	$-196M	Jun 2026
OceanaGold Corporation OGC	$55M	$-565M	Mar 2026
SSR Mining Inc. SSRM	$48M	$-437M	Mar 2026
Wheaton Precious Metals Corp. WPM	$8M	$-2.2B	Mar 2026
OR Royalties Inc. OR	$5M	$-90M	Mar 2026
Franco-Nevada Corporation FNV	$0M	$-715M	Mar 2026
Centerra Gold Inc. CGAU	$0M	$-552M	Mar 2026
Hycroft Mining Holding Corporation HYMC	$0M	$-190M	Mar 2026

Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 2021$1.7B

Dec 2021$1.7B

Mar 2022$1.7B

Jun 2022$1.6B

Sep 2022$1.5B

Dec 2022$1.5B

Mar 2023$2.5B

Jun 2023$2.1B

Sep 2023$2.1B

Dec 2023$2.0B

Mar 2024$2.0B

Jun 2024$2.0B

Sep 2024$1.6B

Dec 2024$1.3B

Mar 2025$1.3B

Jun 2025$734M

Sep 2025$336M

Dec 2025$321M

Mar 2026$319M

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021$0M

Dec 2021$0M

Mar 2022$0M

Jun 2022$0M

Sep 2022$0M

Dec 2022$0M

Mar 2023$0M

Jun 2023$0M

Sep 2023$0M

Dec 2023$0M

Mar 2024$0M

Jun 2024$0M

Sep 2024$297M

Dec 2024$287M

Mar 2025$283M

Jun 2025$280M

Sep 2025$276M

Dec 2025$223M

Mar 2026$220M

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021$2.1B

Dec 2021$2.1B

Mar 2022$2.2B

Jun 2022$2.2B

Sep 2022$2.2B

Dec 2022$2.2B

Mar 2023$2.1B

Jun 2023$2.1B

Sep 2023$2.2B

Dec 2023$2.4B

Mar 2024$2.2B

Jun 2024$2.3B

Sep 2024$2.3B

Dec 2024$2.2B

Mar 2025$2.2B

Jun 2025$2.3B

Sep 2025$2.3B

Dec 2025$2.3B

Mar 2026$2.3B

Jun 2026—

Barrick Mining Corporation · B

Sep 2021$5.2B

Dec 2021$5.2B

Mar 2022$5.1B

Jun 2022$5.1B

Sep 2022$5.1B

Dec 2022$4.8B

Mar 2023$4.8B

Jun 2023$4.8B

Sep 2023$4.8B

Dec 2023$4.7B

Mar 2024$4.7B

Jun 2024$4.7B

Sep 2024$4.7B

Dec 2024$4.7B

Mar 2025$4.7B

Jun 2025$4.7B

Sep 2025$4.7B

Dec 2025$4.7B

Mar 2026$4.7B

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021$442M

Dec 2021$488M

Mar 2022$485M

Jun 2022$548M

Sep 2022$636M

Dec 2022$516M

Mar 2023$494M

Jun 2023$469M

Sep 2023$512M

Dec 2023$545M

Mar 2024$586M

Jun 2024$629M

Sep 2024$605M

Dec 2024$31M

Mar 2025$498M

Jun 2025$381M

Sep 2025$364M

Dec 2025$341M

Mar 2026$761M

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 2021$518M

Dec 2021$512M

Mar 2022$503M

Jun 2022$515M

Sep 2022$514M

Dec 2022$511M

Mar 2023$510M

Jun 2023$561M

Sep 2023$614M

Dec 2023$653M

Mar 2024$659M

Jun 2024$764M

Sep 2024$865M

Dec 2024$930M

Mar 2025$948M

Jun 2025$1.2B

Sep 2025$1.3B

Dec 2025$1.3B

Mar 2026$1.2B

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 2021$0M

Dec 2021$0M

Mar 2022$0M

Jun 2022$0M

Sep 2022$0M

Dec 2022$0M

Mar 2023$0M

Jun 2023$0M

Sep 2023$0M

Dec 2023$0M

Mar 2024$0M

Jun 2024$0M

Sep 2024$0M

Dec 2024$0M

Mar 2025$0M

Jun 2025$0M

Sep 2025$0M

Dec 2025$0M

Mar 2026$0M

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021$1.5B

Dec 2021$1.7B

Mar 2022$2.8B

Jun 2022$2.6B

Sep 2022$2.5B

Dec 2022$2.6B

Mar 2023$2.7B

Jun 2023$2.5B

Sep 2023$2.4B

Dec 2023$2.2B

Mar 2024$2.3B

Jun 2024$2.0B

Sep 2024$1.7B

Dec 2024$1.4B

Mar 2025$1.2B

Jun 2025$1.2B

Sep 2025$1.2B

Dec 2025$738M

Mar 2026$739M

Jun 2026—

Newmont Corporation · NEM

Sep 2021$6.1B

Dec 2021$6.3B

Mar 2022$6.2B

Jun 2022$6.2B

Sep 2022$6.1B

Dec 2022$6.1B

Mar 2023$6.1B

Jun 2023$6.1B

Sep 2023$6.1B

Dec 2023$9.4B

Mar 2024$9.5B

Jun 2024$9.2B

Sep 2024$9.1B

Dec 2024$9.0B

Mar 2025$7.6B

Jun 2025$7.6B

Sep 2025$5.3B

Dec 2025$5.6B

Mar 2026$5.5B

Jun 2026$5.6B

Pan American Silver Corp. · PAAS

Sep 2021$45M

Dec 2021$46M

Mar 2022$47M

Jun 2022$63M

Sep 2022$68M

Dec 2022$227M

Mar 2023$1.2B

Jun 2023$1.1B

Sep 2023$809M

Dec 2023$802M

Mar 2024$807M

Jun 2024$810M

Sep 2024$815M

Dec 2024$804M

Mar 2025$804M

Jun 2025$821M

Sep 2025$857M

Dec 2025$852M

Mar 2026$845M

Jun 2026—

Royal Gold, Inc. · RGLD

Sep 2021$95M

Dec 2021$0M

Mar 2022$0M

Jun 2022$0M

Sep 2022$446M

Dec 2022$572M

Mar 2023$497M

Jun 2023$396M

Sep 2023$321M

Dec 2023$246M

Mar 2024$146M

Jun 2024$0M

Sep 2024$0M

Dec 2024$0M

Mar 2025$0M

Jun 2025$0M

Sep 2025$770M

Dec 2025$895M

Mar 2026$596M

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 2021$3M

Dec 2021$3M

Mar 2022$3M

Jun 2022$2M

Sep 2022$2M

Dec 2022$2M

Mar 2023$2M

Jun 2023$7M

Sep 2023$6M

Dec 2023$6M

Mar 2024$6M

Jun 2024$6M

Sep 2024$6M

Dec 2024$5M

Mar 2025$8M

Jun 2025$8M

Sep 2025$8M

Dec 2025$8M

Mar 2026$8M

Jun 2026—

Net debt · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 2021$1.4B

Dec 2021$1.5B

Mar 2022$647M

Jun 2022$560M

Sep 2022$641M

Dec 2022$824M

Mar 2023$1.8B

Jun 2023$1.7B

Sep 2023$1.7B

Dec 2023$1.7B

Mar 2024$1.5B

Jun 2024$1.1B

Sep 2024$632M

Dec 2024$348M

Mar 2025$129M

Jun 2025$-835M

Sep 2025$-2.0B

Dec 2025$-2.6B

Mar 2026$-2.8B

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021$-234M

Dec 2021$-196M

Mar 2022$-146M

Jun 2022$-144M

Sep 2022$-132M

Dec 2022$-148M

Mar 2023$-160M

Jun 2023$-208M

Sep 2023$-230M

Dec 2023$-238M

Mar 2024$-257M

Jun 2024$-378M

Sep 2024$-19M

Dec 2024$-64M

Mar 2025$-36M

Jun 2025$-98M

Sep 2025$-233M

Dec 2025$-459M

Mar 2026$-484M

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021$940M

Dec 2021$940M

Mar 2022$953M

Jun 2022$953M

Sep 2022$1.1B

Dec 2022$1.1B

Mar 2023$1.4B

Jun 2023$1.4B

Sep 2023$1.4B

Dec 2023$1.5B

Mar 2024$1.5B

Jun 2024$1.3B

Sep 2024$1.1B

Dec 2024$728M

Mar 2025$755M

Jun 2025$311M

Sep 2025$-231M

Dec 2025$-624M

Mar 2026$-868M

Jun 2026—

Barrick Mining Corporation · B

Sep 2021$111M

Dec 2021$-130M

Mar 2022$-743M

Jun 2022$-636M

Sep 2022$-145M

Dec 2022$342M

Mar 2023$400M

Jun 2023$617M

Sep 2023$514M

Dec 2023$578M

Mar 2024$783M

Jun 2024$688M

Sep 2024$500M

Dec 2024$655M

Mar 2025$623M

Jun 2025$-73M

Sep 2025$-323M

Dec 2025$-2.0B

Mar 2026$-2.4B

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021$357M

Dec 2021$431M

Mar 2022$412M

Jun 2022$386M

Sep 2022$524M

Dec 2022$423M

Mar 2023$412M

Jun 2023$403M

Sep 2023$452M

Dec 2023$483M

Mar 2024$519M

Jun 2024$555M

Sep 2024$528M

Dec 2024$-24M

Mar 2025$420M

Jun 2025$269M

Sep 2025$98M

Dec 2025$-213M

Mar 2026$-82M

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 2021$57M

Dec 2021$31M

Mar 2022$68M

Jun 2022$145M

Sep 2022$208M

Dec 2022$196M

Mar 2023$248M

Jun 2023$104M

Sep 2023$137M

Dec 2023$113M

Mar 2024$144M

Jun 2024$169M

Sep 2024$188M

Dec 2024$73M

Mar 2025$-30M

Jun 2025$95M

Sep 2025$230M

Dec 2025$421M

Mar 2026$614M

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 2021$-347M

Dec 2021$-539M

Mar 2022$-723M

Jun 2022$-911M

Sep 2022$-1.1B

Dec 2022$-1.2B

Mar 2023$-1.2B

Jun 2023$-1.3B

Sep 2023$-1.3B

Dec 2023$-1.4B

Mar 2024$-1.4B

Jun 2024$-1.4B

Sep 2024$-1.3B

Dec 2024$-1.5B

Mar 2025$-1.1B

Jun 2025$-160M

Sep 2025$-237M

Dec 2025$-671M

Mar 2026$-715M

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021$882M

Dec 2021$1.1B

Mar 2022$2.3B

Jun 2022$1.9B

Sep 2022$2.0B

Dec 2022$2.2B

Mar 2023$2.2B

Jun 2023$2.0B

Sep 2023$2.0B

Dec 2023$1.9B

Mar 2024$1.8B

Jun 2024$1.6B

Sep 2024$1.2B

Dec 2024$823M

Mar 2025$541M

Jun 2025$99M

Sep 2025$-485M

Dec 2025$-1.0B

Mar 2026$-1.4B

Jun 2026—

Newmont Corporation · NEM

Sep 2021$1.3B

Dec 2021$1.2B

Mar 2022$1.9B

Jun 2022$1.8B

Sep 2022$-884M

Dec 2022$2.4B

Mar 2023$-601M

Jun 2023$-299M

Sep 2023$-260M

Dec 2023$6.4B

Mar 2024$7.1B

Jun 2024$6.6B

Sep 2024$6.0B

Dec 2024$5.3B

Mar 2025$2.9B

Jun 2025$1.4B

Sep 2025$-343M

Dec 2025$-2.7B

Mar 2026$-3.2B

Jun 2026$-3.4B

Pan American Silver Corp. · PAAS

Sep 2021$-270M

Dec 2021$-289M

Mar 2022$-279M

Jun 2022$-178M

Sep 2022$-119M

Dec 2022$85M

Mar 2023$674M

Jun 2023$726M

Sep 2023$423M

Dec 2023$361M

Mar 2024$476M

Jun 2024$441M

Sep 2024$345M

Dec 2024$-83M

Mar 2025$-119M

Jun 2025$-288M

Sep 2025$-54M

Dec 2025$-467M

Mar 2026$-769M

Jun 2026—

Royal Gold, Inc. · RGLD

Sep 2021$-65M

Dec 2021$-144M

Mar 2022$-184M

Jun 2022$-281M

Sep 2022$324M

Dec 2022$453M

Mar 2023$370M

Jun 2023$290M

Sep 2023$218M

Dec 2023$142M

Mar 2024$8M

Jun 2024$-74M

Sep 2024$-128M

Dec 2024$-195M

Mar 2025$-241M

Jun 2025$-248M

Sep 2025$597M

Dec 2025$661M

Mar 2026$362M

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 2021$-369M

Dec 2021$-223M

Mar 2022$-373M

Jun 2022$-447M

Sep 2022$-493M

Dec 2022$-694M

Mar 2023$-798M

Jun 2023$-822M

Sep 2023$-828M

Dec 2023$-541M

Mar 2024$-300M

Jun 2024$-534M

Sep 2024$-688M

Dec 2024$-813M

Mar 2025$-1.1B

Jun 2025$-998M

Sep 2025$-1.2B

Dec 2025$-1.1B

Mar 2026$-2.2B

Jun 2026—

06 · compare level, then change

Return On Capital Employed

OceanaGold Corporation has the highest ROCE among the 28 Gold companies compared here, at 42.7%. Orla Mining Ltd. is next at 34.3%. The same company also holds the highest ROCE change, at +16.3 percentage points. 27 of 28 companies report a comparable reading, the latest through Mar 2026. Its ROCE series carries 19 reported observations across the 20-quarter window.

What the numbers say: OceanaGold Corporation leads ROCE at 42.7%, 8.4 percentage points above Orla Mining Ltd.. OceanaGold Corporation has the strongest latest improvement at +16.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderOceanaGold Corporation · 42.7%

Gap24.5% versus #2 · Orla Mining Ltd.

Persistence6/8 recent comparable periods

Coverage27/28 companies · 512 observations

Investor read: OceanaGold Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1OceanaGold Corporation OGC43%

2Orla Mining Ltd. ORLA34%

3Agnico Eagle Mines Limited AEM24%

4Aura Minerals Inc. AUGO21%

5AngloGold Ashanti plc AU14%

ROCE changefastest improvers

1OceanaGold Corporation OGC+16.3 pp

2Orla Mining Ltd. ORLA+15.4 pp

3Aura Minerals Inc. AUGO+12.4 pp

4Agnico Eagle Mines Limited AEM+11.7 pp

5IAMGOLD Corporation IAG+8.0 pp

Return on capital · company comparison

27/28 level · 27/28 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	ROCE	ROCE change	Reported
OceanaGold Corporation OGC	43%	+16.3 pp	Mar 2026
Orla Mining Ltd. ORLA	34%	+15.4 pp	Mar 2026
Agnico Eagle Mines Limited AEM	24%	+11.7 pp	Mar 2026
Aura Minerals Inc. AUGO	21%	+12.4 pp	Mar 2026
AngloGold Ashanti plc AU	14%	+6.0 pp	Mar 2026
Gold Fields Limited GFI	13%	+3.5 pp	Dec 2025
B2Gold Corp. BTG	12%	+7.9 pp	Mar 2026
Kinross Gold Corporation KGC	12%	+6.3 pp	Mar 2026
IAMGOLD Corporation IAG	11%	+8.0 pp	Mar 2026
Aris Mining Corporation ARIS	9.6%	+5.7 pp	Mar 2026
Fortuna Mining Corp. FSM	8.8%	+5.7 pp	Mar 2026
Wheaton Precious Metals Corp. WPM	7.9%	+4.0 pp	Mar 2026
Franco-Nevada Corporation FNV	7.6%	+3.6 pp	Mar 2026
Pan American Silver Corp. PAAS	7.0%	+3.5 pp	Mar 2026
Barrick Mining Corporation B	6.9%	+4.4 pp	Mar 2026
Alamos Gold Inc. AGI	6.3%	+4.1 pp	Mar 2026
Newmont Corporation NEM	6.0%	−0.1 pp	Jun 2026
OR Royalties Inc. OR	5.9%	+3.2 pp	Mar 2026
Allied Gold Corporation AAUC	5.9%	−5.6 pp	Mar 2026
Equinox Gold Corp. EQX	5.3%	+5.5 pp	Mar 2026
Eldorado Gold Corporation EGO	4.8%	+2.6 pp	Mar 2026
SSR Mining Inc. SSRM	4.7%	+3.3 pp	Mar 2026
Centerra Gold Inc. CGAU	4.7%	+2.6 pp	Mar 2026
Coeur Mining, Inc. CDE	3.8%	+1.6 pp	Mar 2026
Seabridge Gold Inc. SA	-0.4%	−0.1 pp	Mar 2026
NovaGold Resources Inc. NG	-5.6%	−0.1 pp	Jun 2026
Hycroft Mining Holding Corporation HYMC	-26%	−18.7 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 202113%

Dec 202111%

Mar 20225.5%

Jun 20226.4%

Sep 20226.4%

Dec 20227.2%

Mar 20235.8%

Jun 20235.9%

Sep 20236.3%

Dec 20235.3%

Mar 20245.5%

Jun 20246.6%

Sep 20248.4%

Dec 202411%

Mar 202513%

Jun 202515%

Sep 202517%

Dec 202521%

Mar 202624%

Jun 2026—

Alamos Gold Inc. · AGI

Sep 20211.7%

Dec 20211.4%

Mar 2022-0.2%

Jun 20220.8%

Sep 20220.9%

Dec 20221.8%

Mar 20232.2%

Jun 20232.5%

Sep 20232.3%

Dec 20232.0%

Mar 20242.2%

Jun 20243.7%

Sep 20241.6%

Dec 20243.7%

Mar 20252.2%

Jun 20254.8%

Sep 20250.4%

Dec 20256.2%

Mar 20266.3%

Jun 2026—

AngloGold Ashanti plc · AU

Sep 20212.8%

Dec 20212.8%

Mar 20223.1%

Jun 20223.0%

Sep 20220.7%

Dec 20220.7%

Mar 20231.6%

Jun 20230.5%

Sep 20232.6%

Dec 20232.3%

Mar 20242.3%

Jun 20245.2%

Sep 20246.0%

Dec 20246.9%

Mar 20258.0%

Jun 202510%

Sep 202510%

Dec 202511%

Mar 202614%

Jun 2026—

Barrick Mining Corporation · B

Sep 20212.3%

Dec 20213.5%

Mar 20222.4%

Jun 20222.4%

Sep 20221.6%

Dec 2022-2.0%

Mar 20231.2%

Jun 20231.8%

Sep 20232.0%

Dec 20231.8%

Mar 20241.6%

Jun 20242.5%

Sep 20242.5%

Dec 20244.4%

Mar 20252.5%

Jun 20253.2%

Sep 20255.4%

Dec 20258.7%

Mar 20266.9%

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 20210.6%

Dec 20210.1%

Mar 20220.1%

Jun 20220.1%

Sep 2022-2.4%

Dec 2022-0.4%

Mar 2023-1.0%

Jun 2023-0.3%

Sep 2023-0.4%

Dec 2023-0.6%

Mar 2024-0.2%

Jun 20240.9%

Sep 20244.6%

Dec 20243.5%

Mar 20252.2%

Jun 20254.9%

Sep 20255.8%

Dec 202510%

Mar 20263.8%

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 20211.2%

Dec 20211.4%

Mar 2022-0.3%

Jun 20220.7%

Sep 20220.1%

Dec 20220.4%

Mar 20230.8%

Jun 20230.9%

Sep 20231.0%

Dec 20231.5%

Mar 20241.3%

Jun 20241.9%

Sep 20242.0%

Dec 20243.3%

Mar 20252.2%

Jun 20253.3%

Sep 20253.1%

Dec 20254.7%

Mar 20264.8%

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 20213.5%

Dec 20214.6%

Mar 20223.5%

Jun 20223.8%

Sep 20223.1%

Dec 20223.0%

Mar 20232.6%

Jun 20233.0%

Sep 20232.8%

Dec 2023-16%

Mar 20242.5%

Jun 20242.6%

Sep 20242.8%

Dec 20243.6%

Mar 20254.0%

Jun 20254.7%

Sep 20255.0%

Dec 20256.3%

Mar 20267.6%

Jun 2026—

Gold Fields Limited · GFI

Sep 20216.6%

Dec 20216.6%

Mar 20223.2%

Jun 20223.2%

Sep 20224.6%

Dec 20224.6%

Mar 20232.5%

Jun 20232.5%

Sep 20235.4%

Dec 20235.4%

Mar 20243.2%

Jun 20243.2%

Sep 20249.3%

Dec 20249.3%

Mar 20257.2%

Jun 20257.2%

Sep 202513%

Dec 202513%

Mar 2026—

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021-0.3%

Dec 2021-1.4%

Mar 20221.0%

Jun 20220.6%

Sep 20221.1%

Dec 2022-1.7%

Mar 20231.5%

Jun 20232.4%

Sep 20232.3%

Dec 20232.0%

Mar 20242.1%

Jun 20243.2%

Sep 20245.7%

Dec 20245.1%

Mar 20256.0%

Jun 20257.9%

Sep 20257.9%

Dec 202511%

Mar 202612%

Jun 2026—

Newmont Corporation · NEM

Sep 20210.2%

Dec 2021-1.6%

Mar 20222.1%

Jun 20221.4%

Sep 20220.8%

Dec 2022-0.3%

Mar 20231.4%

Jun 20231.0%

Sep 20230.7%

Dec 2023-6.6%

Mar 20240.9%

Jun 20242.4%

Sep 20242.7%

Dec 20244.1%

Mar 20254.5%

Jun 20256.1%

Sep 20255.2%

Dec 20257.8%

Mar 20268.7%

Jun 20266.0%

Pan American Silver Corp. · PAAS

Sep 20213.3%

Dec 20211.7%

Mar 20221.5%

Jun 2022-5.1%

Sep 2022-1.7%

Dec 2022-4.6%

Mar 20230.5%

Jun 2023-0.1%

Sep 20230.9%

Dec 2023-0.1%

Mar 20240.5%

Jun 20241.2%

Sep 20242.3%

Dec 20242.6%

Mar 20253.5%

Jun 20253.7%

Sep 20253.4%

Dec 20255.8%

Mar 20267.0%

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 20212.3%

Dec 20214.8%

Mar 20222.6%

Jun 20222.4%

Sep 20221.6%

Dec 20221.5%

Mar 20231.5%

Jun 20232.0%

Sep 20231.7%

Dec 20232.3%

Mar 20242.3%

Jun 20242.4%

Sep 20242.5%

Dec 20241.6%

Mar 20253.9%

Jun 20254.4%

Sep 20254.0%

Dec 20257.9%

Mar 20267.9%

Jun 2026—

ROCE change · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−6.4 pp

Dec 2022−4.2 pp

Mar 2023+0.3 pp

Jun 2023−0.5 pp

Sep 2023−0.1 pp

Dec 2023−1.9 pp

Mar 2024−0.3 pp

Jun 2024+0.7 pp

Sep 2024+2.1 pp

Dec 2024+5.3 pp

Mar 2025+7.1 pp

Jun 2025+8.6 pp

Sep 2025+9.0 pp

Dec 2025+10.7 pp

Mar 2026+11.7 pp

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.8 pp

Dec 2022+0.4 pp

Mar 2023+2.4 pp

Jun 2023+1.7 pp

Sep 2023+1.4 pp

Dec 2023+0.2 pp

Mar 20240.0 pp

Jun 2024+1.2 pp

Sep 2024−0.7 pp

Dec 2024+1.7 pp

Mar 20250.0 pp

Jun 2025+1.1 pp

Sep 2025−1.2 pp

Dec 2025+2.5 pp

Mar 2026+4.1 pp

Jun 2026—

AngloGold Ashanti plc · AU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.1 pp

Dec 2022−2.1 pp

Mar 2023−1.5 pp

Jun 2023−2.5 pp

Sep 2023+1.9 pp

Dec 2023+1.6 pp

Mar 2024+0.7 pp

Jun 2024+4.7 pp

Sep 2024+3.4 pp

Dec 2024+4.6 pp

Mar 2025+5.7 pp

Jun 2025+5.1 pp

Sep 2025+4.0 pp

Dec 2025+3.7 pp

Mar 2026+6.0 pp

Jun 2026—

Barrick Mining Corporation · B

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.7 pp

Dec 2022−5.5 pp

Mar 2023−1.2 pp

Jun 2023−0.6 pp

Sep 2023+0.4 pp

Dec 2023+3.8 pp

Mar 2024+0.4 pp

Jun 2024+0.7 pp

Sep 2024+0.5 pp

Dec 2024+2.6 pp

Mar 2025+0.9 pp

Jun 2025+0.7 pp

Sep 2025+2.9 pp

Dec 2025+4.3 pp

Mar 2026+4.4 pp

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−3.0 pp

Dec 2022−0.5 pp

Mar 2023−1.1 pp

Jun 2023−0.4 pp

Sep 2023+2.0 pp

Dec 2023−0.2 pp

Mar 2024+0.8 pp

Jun 2024+1.2 pp

Sep 2024+5.0 pp

Dec 2024+4.1 pp

Mar 2025+2.4 pp

Jun 2025+4.0 pp

Sep 2025+1.2 pp

Dec 2025+6.9 pp

Mar 2026+1.6 pp

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.1 pp

Dec 2022−1.0 pp

Mar 2023+1.1 pp

Jun 2023+0.2 pp

Sep 2023+0.9 pp

Dec 2023+1.1 pp

Mar 2024+0.5 pp

Jun 2024+1.0 pp

Sep 2024+1.0 pp

Dec 2024+1.8 pp

Mar 2025+0.9 pp

Jun 2025+1.4 pp

Sep 2025+1.1 pp

Dec 2025+1.4 pp

Mar 2026+2.6 pp

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.4 pp

Dec 2022−1.6 pp

Mar 2023−0.9 pp

Jun 2023−0.8 pp

Sep 2023−0.3 pp

Dec 2023−18.8 pp

Mar 2024−0.1 pp

Jun 2024−0.4 pp

Sep 20240.0 pp

Dec 2024+19.4 pp

Mar 2025+1.5 pp

Jun 2025+2.1 pp

Sep 2025+2.2 pp

Dec 2025+2.7 pp

Mar 2026+3.6 pp

Jun 2026—

Gold Fields Limited · GFI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.0 pp

Dec 2022−2.0 pp

Mar 2023−0.7 pp

Jun 2023−0.7 pp

Sep 2023+0.8 pp

Dec 2023+0.8 pp

Mar 2024+0.7 pp

Jun 2024+0.7 pp

Sep 2024+3.9 pp

Dec 2024+3.9 pp

Mar 2025+4.0 pp

Jun 2025+4.0 pp

Sep 2025+3.5 pp

Dec 2025+3.5 pp

Mar 2026—

Jun 2026—

Kinross Gold Corporation · KGC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.4 pp

Dec 2022−0.3 pp

Mar 2023+0.5 pp

Jun 2023+1.8 pp

Sep 2023+1.2 pp

Dec 2023+3.7 pp

Mar 2024+0.6 pp

Jun 2024+0.8 pp

Sep 2024+3.4 pp

Dec 2024+3.1 pp

Mar 2025+3.9 pp

Jun 2025+4.7 pp

Sep 2025+2.2 pp

Dec 2025+5.7 pp

Mar 2026+6.3 pp

Jun 2026—

Newmont Corporation · NEM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.6 pp

Dec 2022+1.3 pp

Mar 2023−0.7 pp

Jun 2023−0.4 pp

Sep 2023−0.1 pp

Dec 2023−6.3 pp

Mar 2024−0.5 pp

Jun 2024+1.4 pp

Sep 2024+2.0 pp

Dec 2024+10.7 pp

Mar 2025+3.6 pp

Jun 2025+3.7 pp

Sep 2025+2.5 pp

Dec 2025+3.7 pp

Mar 2026+4.2 pp

Jun 2026−0.1 pp

Pan American Silver Corp. · PAAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−5.0 pp

Dec 2022−6.3 pp

Mar 2023−1.0 pp

Jun 2023+5.0 pp

Sep 2023+2.6 pp

Dec 2023+4.5 pp

Mar 20240.0 pp

Jun 2024+1.3 pp

Sep 2024+1.4 pp

Dec 2024+2.7 pp

Mar 2025+3.0 pp

Jun 2025+2.5 pp

Sep 2025+1.1 pp

Dec 2025+3.2 pp

Mar 2026+3.5 pp

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.7 pp

Dec 2022−3.3 pp

Mar 2023−1.1 pp

Jun 2023−0.4 pp

Sep 2023+0.1 pp

Dec 2023+0.8 pp

Mar 2024+0.8 pp

Jun 2024+0.4 pp

Sep 2024+0.8 pp

Dec 2024−0.7 pp

Mar 2025+1.6 pp

Jun 2025+2.0 pp

Sep 2025+1.5 pp

Dec 2025+6.3 pp

Mar 2026+4.0 pp

Jun 2026—

07 · compare level, then change

Valuation Against Growth & Quality

IAMGOLD Corporation has the lowest Guarded PEG among the 28 Gold companies compared here, at 0.46×. Eldorado Gold Corporation is next at 0.51×. Hycroft Mining Holding Corporation has the lowest P/E at 3.04×, so level and change sit with different companies. 11 of 28 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: IAMGOLD Corporation has the lowest comparable Guarded PEG at 0.46×, 9.8% below Eldorado Gold Corporation. Only 11 of 28 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderIAMGOLD Corporation · 0.46×

Gap9.8% versus #2 · Eldorado Gold Corporation

Persistence0/8 recent comparable periods

Coverage11/28 companies · 13 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

Guarded PEGlowest PEG

1IAMGOLD Corporation IAG0.5

2Eldorado Gold Corporation EGO0.5

3Agnico Eagle Mines Limited AEM0.7

4Royal Gold, Inc. RGLD0.8

5B2Gold Corp. BTG1.0

P/Elowest P/E

1Hycroft Mining Holding Corporation HYMC3.0

2Centerra Gold Inc. CGAU5.6

3OceanaGold Corporation OGC9.0

4Fortuna Mining Corp. FSM9.4

5IAMGOLD Corporation IAG10.9

Valuation · company comparison

11/28 level · 26/28 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Guarded PEG	P/E	Reported
Orla Mining Ltd. ORLA	2.9	22.4	Mar 2026
Alamos Gold Inc. AGI	2.2	17.7	Mar 2026
Wheaton Precious Metals Corp. WPM	1.4	33.2	Mar 2026
Royal Gold, Inc. RGLD	0.8	30.3	Mar 2026
Eldorado Gold Corporation EGO	0.5	12.3	Mar 2026
IAMGOLD Corporation IAG	0.5	10.9	Mar 2026
Newmont Corporation NEM	—	11.8	Jun 2026
Agnico Eagle Mines Limited AEM	—	19.0	Mar 2026
Barrick Mining Corporation B	—	11.3	Mar 2026
Franco-Nevada Corporation FNV	—	34.9	Mar 2026
AngloGold Ashanti plc AU	—	14.3	Mar 2026
Gold Fields Limited GFI	—	11.1	Dec 2025
Kinross Gold Corporation KGC	—	12.7	Mar 2026
Pan American Silver Corp. PAAS	—	12.6	Mar 2026
Coeur Mining, Inc. CDE	—	15.5	Mar 2026
Equinox Gold Corp. EQX	—	18.3	Mar 2026
OR Royalties Inc. OR	—	28.4	Mar 2026
OceanaGold Corporation OGC	—	9.0	Mar 2026
SSR Mining Inc. SSRM	—	28.0	Mar 2026
B2Gold Corp. BTG	—	12.6	Mar 2026
Aura Minerals Inc. AUGO	—	75.6	Mar 2026
Centerra Gold Inc. CGAU	—	5.6	Mar 2026
Aris Mining Corporation ARIS	—	22.1	Mar 2026
Seabridge Gold Inc. SA	—	187.5	Mar 2026
Fortuna Mining Corp. FSM	—	9.4	Mar 2026
Hycroft Mining Holding Corporation HYMC	—	3.0	Mar 2026

Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Alamos Gold Inc. · AGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20241.4

Sep 20241.9

Dec 20240.9

Mar 20252.2

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.5

Dec 2025—

Mar 2026—

Jun 2026—

IAMGOLD Corporation · IAG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20260.5

Jun 2026—

Orla Mining Ltd. · ORLA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20252.9

Mar 2026—

Jun 2026—

Royal Gold, Inc. · RGLD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20241.4

Dec 20240.7

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20251.0

Mar 20260.8

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20243.4

Dec 2024—

Mar 2025—

Jun 20251.4

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 202119.0

Dec 202123.1

Mar 202252.0

Jun 202233.1

Sep 202233.3

Dec 202235.3

Mar 20239.8

Jun 202310.3

Sep 20239.0

Dec 2023—

Mar 202463.0

Jun 202452.7

Sep 202439.8

Dec 202420.7

Mar 202523.0

Jun 202520.2

Sep 202524.6

Dec 202519.1

Mar 202619.0

Jun 2026—

Alamos Gold Inc. · AGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202250.1

Sep 202292.5

Dec 2022112.1

Mar 202350.8

Jun 202329.1

Sep 202322.1

Dec 202325.4

Mar 202428.4

Jun 202431.3

Sep 202433.2

Dec 202426.8

Mar 202543.1

Jun 202532.1

Sep 202527.2

Dec 202518.4

Mar 202617.7

Jun 2026—

AngloGold Ashanti plc · AU

Sep 20218.7

Dec 202114.4

Mar 202216.6

Jun 202210.5

Sep 202213.7

Dec 202235.3

Mar 202378.0

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202489.8

Sep 202419.9

Dec 20249.9

Mar 202512.2

Jun 202512.1

Sep 202515.5

Dec 202516.5

Mar 202614.3

Jun 2026—

Barrick Mining Corporation · B

Sep 202116.1

Dec 202116.7

Mar 202222.5

Jun 202215.7

Sep 202214.5

Dec 202271.3

Mar 2023309.2

Jun 2023—

Sep 2023484.0

Dec 202325.1

Mar 202420.3

Jun 202419.4

Sep 202421.4

Dec 202412.7

Mar 202514.6

Jun 202513.1

Sep 202515.9

Dec 202514.9

Mar 202611.3

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202438.1

Mar 202521.1

Jun 202522.7

Sep 202527.6

Dec 202518.8

Mar 202615.5

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 202135.9

Dec 202136.1

Mar 202240.9

Jun 202233.0

Sep 202230.3

Dec 202237.3

Mar 202341.5

Jun 202341.3

Sep 202337.7

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202441.0

Mar 202549.2

Jun 202540.4

Sep 202546.6

Dec 202536.0

Mar 202634.9

Jun 2026—

Gold Fields Limited · GFI

Sep 20218.4

Dec 202112.5

Mar 202216.4

Jun 20229.0

Sep 20229.0

Dec 202213.3

Mar 202317.6

Jun 202319.0

Sep 202314.5

Dec 202318.8

Mar 202421.8

Jun 202421.6

Sep 202415.4

Dec 20249.6

Mar 202512.7

Jun 202511.3

Sep 202527.8

Dec 202511.1

Mar 2026—

Jun 2026—

Kinross Gold Corporation · KGC

Sep 20216.8

Dec 202134.2

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023470.0

Jun 202329.8

Sep 202322.8

Dec 202317.8

Mar 202417.1

Jun 202420.3

Sep 202415.4

Dec 202412.1

Mar 202512.9

Jun 202512.6

Sep 202517.4

Dec 202514.5

Mar 202612.7

Jun 2026—

Newmont Corporation · NEM

Sep 202122.0

Dec 202142.5

Mar 202261.1

Jun 202260.9

Sep 202233.4

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202418.3

Dec 202412.8

Mar 202510.8

Jun 202510.5

Sep 202513.1

Dec 202515.6

Mar 202614.0

Jun 202611.8

Pan American Silver Corp. · PAAS

Sep 202115.3

Dec 202143.0

Mar 202225.1

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202445.5

Mar 202520.6

Jun 202514.4

Sep 202516.1

Dec 202514.8

Mar 202612.6

Jun 2026—

Royal Gold, Inc. · RGLD

Sep 202123.6

Dec 202125.2

Mar 202232.5

Jun 202225.5

Sep 202224.6

Dec 202231.1

Mar 202335.9

Jun 202332.8

Sep 202330.0

Dec 202333.3

Mar 202435.9

Jun 202434.3

Sep 202432.2

Dec 202426.2

Mar 202527.1

Jun 202526.1

Sep 202527.6

Dec 202533.2

Mar 202630.3

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 202127.3

Dec 202125.7

Mar 202228.6

Jun 202222.2

Sep 202218.4

Dec 202226.4

Mar 202335.0

Jun 202331.8

Sep 202334.3

Dec 202341.6

Mar 202436.2

Jun 202441.6

Sep 202445.5

Dec 202448.4

Mar 202557.0

Jun 202551.8

Sep 202550.8

Dec 202536.3

Mar 202633.2

Jun 2026—

08 · compare level, then change

Enterprise Value & Book Value

OceanaGold Corporation has the lowest EV/EBITDA among the 28 Gold companies compared here, at 1.6×. B2Gold Corp. is next at 3.23×. Eldorado Gold Corporation has the lowest P/BV at 1.56×, so level and change sit with different companies. 24 of 28 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: OceanaGold Corporation leads ev/ebitda at 1.6×; Eldorado Gold Corporation leads p/bv at 1.56×.

LeaderOceanaGold Corporation · 1.6×

Gap50.5% versus #2 · B2Gold Corp.

Persistence0/8 recent comparable periods

Coverage24/28 companies · 414 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

EV/EBITDAlowest EV/EBITDA

1OceanaGold Corporation OGC1.6

2B2Gold Corp. BTG3.2

3Centerra Gold Inc. CGAU3.5

4Fortuna Mining Corp. FSM3.6

5Orla Mining Ltd. ORLA3.8

P/BVlowest P/BV

1Eldorado Gold Corporation EGO1.6

2B2Gold Corp. BTG1.7

3Centerra Gold Inc. CGAU1.7

4Fortuna Mining Corp. FSM1.7

5Coeur Mining, Inc. CDE1.9

Enterprise and book valuation · company comparison

24/28 level · 28/28 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	EV/EBITDA	P/BV	Reported
Wheaton Precious Metals Corp. WPM	25.3	6.5	Mar 2026
OR Royalties Inc. OR	24.2	4.8	Mar 2026
Franco-Nevada Corporation FNV	23.6	5.9	Mar 2026
Coeur Mining, Inc. CDE	14.9	1.9	Mar 2026
Equinox Gold Corp. EQX	13.8	1.9	Mar 2026
Alamos Gold Inc. AGI	13.7	4.1	Mar 2026
Allied Gold Corporation AAUC	12.3	11.6	Mar 2026
Aura Minerals Inc. AUGO	11.7	22.7	Mar 2026
Agnico Eagle Mines Limited AEM	10.4	3.9	Mar 2026
AngloGold Ashanti plc AU	9.7	5.8	Mar 2026
SSR Mining Inc. SSRM	9.1	2.4	Mar 2026
IAMGOLD Corporation IAG	7.9	2.5	Mar 2026
Pan American Silver Corp. PAAS	7.7	2.3	Mar 2026
Gold Fields Limited GFI	7.0	4.6	Dec 2025
Kinross Gold Corporation KGC	6.9	4.0	Mar 2026
Eldorado Gold Corporation EGO	6.4	1.6	Mar 2026
Aris Mining Corporation ARIS	6.3	2.4	Mar 2026
Newmont Corporation NEM	5.8	2.8	Jun 2026
Barrick Mining Corporation B	5.7	2.5	Mar 2026
Orla Mining Ltd. ORLA	3.8	7.3	Mar 2026
Fortuna Mining Corp. FSM	3.6	1.7	Mar 2026
Centerra Gold Inc. CGAU	3.5	1.7	Mar 2026
B2Gold Corp. BTG	3.2	1.7	Mar 2026
OceanaGold Corporation OGC	1.6	3.0	Mar 2026
Royal Gold, Inc. RGLD	—	2.9	Mar 2026
Seabridge Gold Inc. SA	—	3.5	Mar 2026
NovaGold Resources Inc. NG	—	8.9	Jun 2026
Hycroft Mining Holding Corporation HYMC	—	14.4	Mar 2026

Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 24 companies with a series here. The remaining 12 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 20217.4

Dec 20218.0

Mar 202214.6

Jun 20229.3

Sep 20228.2

Dec 20228.8

Mar 20238.5

Jun 20238.9

Sep 20237.6

Dec 202310.0

Mar 202410.3

Jun 202410.3

Sep 202410.8

Dec 20248.9

Mar 202510.4

Jun 20259.8

Sep 202512.2

Dec 202510.1

Mar 202610.4

Jun 2026—

Alamos Gold Inc. · AGI

Sep 20215.8

Dec 202115.2

Mar 202232.1

Jun 20229.0

Sep 202210.3

Dec 202213.5

Mar 202312.5

Jun 202310.2

Sep 20238.6

Dec 202310.0

Mar 202410.8

Jun 202410.2

Sep 202413.3

Dec 202411.6

Mar 202515.2

Jun 202513.6

Sep 202520.6

Dec 202524.7

Mar 202613.7

Jun 2026—

AngloGold Ashanti plc · AU

Sep 20214.6

Dec 20217.6

Mar 20228.5

Jun 20225.3

Sep 20228.4

Dec 20227.9

Mar 202326.5

Jun 202339.9

Sep 202321.9

Dec 20238.3

Mar 202420.9

Jun 202414.0

Sep 202411.4

Dec 20246.2

Mar 20259.9

Jun 20259.0

Sep 202510.8

Dec 20258.2

Mar 20269.7

Jun 2026—

Barrick Mining Corporation · B

Sep 20215.8

Dec 20216.0

Mar 20227.5

Jun 20225.8

Sep 20225.6

Dec 20229.8

Mar 202312.1

Jun 202312.3

Sep 202310.3

Dec 20238.1

Mar 20247.5

Jun 20247.1

Sep 20247.8

Dec 20245.4

Mar 20256.1

Jun 20256.0

Sep 20257.3

Dec 20257.5

Mar 20265.7

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 20218.9

Dec 20219.3

Mar 202211.1

Jun 20229.3

Sep 202217.2

Dec 202219.6

Mar 202334.0

Jun 202339.1

Sep 202321.9

Dec 202328.5

Mar 202425.8

Jun 202425.8

Sep 202415.6

Dec 20247.8

Mar 202511.4

Jun 202511.3

Sep 202518.4

Dec 202511.7

Mar 202614.9

Jun 2026—

Eldorado Gold Corporation · EGO

Sep 20213.7

Dec 20214.3

Mar 20226.1

Jun 20223.9

Sep 20224.3

Dec 20226.1

Mar 20236.3

Jun 20236.0

Sep 20235.0

Dec 20236.1

Mar 20246.4

Jun 20246.2

Sep 20246.6

Dec 20244.6

Mar 20254.7

Jun 20255.1

Sep 20256.7

Dec 20257.6

Mar 20266.4

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 202122.7

Dec 202122.4

Mar 202225.1

Jun 202220.2

Sep 202218.3

Dec 202222.5

Mar 202325.4

Jun 202325.4

Sep 202323.7

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202422.3

Mar 202527.6

Jun 202526.1

Sep 202530.5

Dec 202523.7

Mar 202623.6

Jun 2026—

Gold Fields Limited · GFI

Sep 20216.5

Dec 20215.8

Mar 202211.6

Jun 20227.0

Sep 20226.9

Dec 20225.9

Mar 20239.2

Jun 20239.8

Sep 20237.7

Dec 20237.0

Mar 202411.8

Jun 202412.6

Sep 202410.7

Dec 20245.9

Mar 20257.3

Jun 20256.7

Sep 20259.4

Dec 20257.0

Mar 2026—

Jun 2026—

Kinross Gold Corporation · KGC

Sep 20213.9

Dec 202111.0

Mar 202213.8

Jun 20229.6

Sep 20228.3

Dec 20228.0

Mar 20238.2

Jun 20236.5

Sep 20235.4

Dec 20235.3

Mar 20245.0

Jun 20245.9

Sep 20245.5

Dec 20244.6

Mar 20255.3

Jun 20255.5

Sep 20257.9

Dec 20257.5

Mar 20266.9

Jun 2026—

Newmont Corporation · NEM

Sep 20218.8

Dec 202114.0

Mar 202215.8

Jun 202213.4

Sep 20229.9

Dec 202216.7

Mar 202311.6

Jun 202310.9

Sep 20239.8

Dec 2023133.0

Mar 202417.0

Jun 202414.1

Sep 202413.3

Dec 20246.7

Mar 20256.4

Jun 20256.0

Sep 20257.4

Dec 20257.9

Mar 20266.8

Jun 20265.8

Pan American Silver Corp. · PAAS

Sep 20215.1

Dec 20216.3

Mar 20227.2

Jun 20226.9

Sep 20227.3

Dec 2022165.2

Mar 202366.8

Jun 202321.9

Sep 202312.5

Dec 20239.3

Mar 20246.6

Jun 20247.8

Sep 20247.4

Dec 20244.6

Mar 20255.3

Jun 20255.3

Sep 20256.8

Dec 20259.5

Mar 20267.7

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 202119.0

Dec 202118.9

Mar 202221.2

Jun 202216.2

Sep 202215.0

Dec 202222.7

Mar 202331.2

Jun 202329.1

Sep 202327.2

Dec 202330.2

Mar 202426.3

Jun 202427.7

Sep 202429.7

Dec 202428.5

Mar 202533.7

Jun 202533.5

Sep 202537.0

Dec 202527.7

Mar 202625.3

Jun 2026—

P/BV · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Agnico Eagle Mines Limited · AEM

Sep 20212.1

Dec 20212.2

Mar 20221.7

Jun 20221.3

Sep 20221.2

Dec 20221.5

Mar 20231.2

Jun 20231.2

Sep 20231.1

Dec 20231.4

Mar 20241.5

Jun 20241.6

Sep 20242.0

Dec 20241.9

Mar 20252.5

Jun 20252.7

Sep 20253.6

Dec 20253.4

Mar 20263.9

Jun 2026—

Alamos Gold Inc. · AGI

Sep 20211.0

Dec 20211.1

Mar 20221.2

Jun 20221.0

Sep 20221.1

Dec 20221.5

Mar 20231.7

Jun 20231.7

Sep 20231.6

Dec 20231.8

Mar 20242.0

Jun 20242.0

Sep 20242.4

Dec 20242.2

Mar 20253.1

Jun 20253.0

Sep 20253.6

Dec 20253.7

Mar 20264.1

Jun 2026—

AngloGold Ashanti plc · AU

Sep 20211.7

Dec 20212.2

Mar 20222.3

Jun 20221.5

Sep 20221.4

Dec 20222.0

Mar 20232.6

Jun 20232.3

Sep 20231.8

Dec 20232.1

Mar 20242.5

Jun 20242.7

Sep 20242.7

Dec 20241.8

Mar 20252.8

Jun 20253.1

Sep 20254.6

Dec 20255.3

Mar 20265.8

Jun 2026—

Barrick Mining Corporation · B

Sep 20211.4

Dec 20211.4

Mar 20221.8

Jun 20221.3

Sep 20221.1

Dec 20221.3

Mar 20231.4

Jun 20231.3

Sep 20231.1

Dec 20231.4

Mar 20241.3

Jun 20241.2

Sep 20241.5

Dec 20241.1

Mar 20251.4

Jun 20251.4

Sep 20252.2

Dec 20252.8

Mar 20262.5

Jun 2026—

Coeur Mining, Inc. · CDE

Sep 20212.0

Dec 20211.6

Mar 20221.4

Jun 20221.0

Sep 20221.2

Dec 20221.1

Mar 20231.4

Jun 20231.0

Sep 20230.8

Dec 20231.2

Mar 20241.5

Jun 20242.2

Sep 20242.5

Dec 2024—

Mar 20251.4

Jun 20252.0

Sep 20253.9

Dec 20253.5

Mar 20261.9

Jun 2026—

Franco-Nevada Corporation · FNV

Sep 20214.3

Dec 20214.4

Mar 20224.9

Jun 20224.1

Sep 20223.7

Dec 20224.1

Mar 20234.3

Jun 20234.1

Sep 20233.8

Dec 20233.7

Mar 20243.9

Jun 20243.9

Sep 20244.0

Dec 20243.8

Mar 20254.8

Jun 20254.8

Sep 20256.1

Dec 20255.2

Mar 20265.9

Jun 2026—

Gold Fields Limited · GFI

Sep 20211.8

Dec 20212.5

Mar 2022—

Jun 2022—

Sep 20221.7

Dec 20222.2

Mar 2023—

Jun 2023—

Sep 20232.2

Dec 20232.9

Mar 2024—

Jun 2024—

Sep 20242.6

Dec 20242.3

Mar 2025—

Jun 2025—

Sep 20254.5

Dec 20254.6

Mar 2026—

Jun 2026—

Kinross Gold Corporation · KGC

Sep 20211.0

Dec 20211.1

Mar 20221.2

Jun 20220.7

Sep 20220.8

Dec 20220.9

Mar 20231.0

Jun 20231.0

Sep 20230.9

Dec 20231.2

Mar 20241.2

Jun 20241.6

Sep 20241.7

Dec 20241.7

Mar 20252.2

Jun 20252.5

Sep 20253.8

Dec 20253.9

Mar 20264.0

Jun 2026—

Newmont Corporation · NEM

Sep 20211.9

Dec 20212.2

Mar 20222.9

Jun 20222.2

Sep 20221.6

Dec 20221.9

Mar 20232.0

Jun 20231.8

Sep 20231.5

Dec 20231.6

Mar 20241.4

Jun 20241.6

Sep 20242.1

Dec 20241.4

Mar 20251.7

Jun 20252.0

Sep 20252.8

Dec 20253.2

Mar 20263.3

Jun 20262.8

Pan American Silver Corp. · PAAS

Sep 20211.5

Dec 20211.6

Mar 20221.7

Jun 20221.3

Sep 20221.0

Dec 20221.2

Mar 20231.0

Jun 20230.8

Sep 20230.8

Dec 20230.9

Mar 20240.9

Jun 20241.1

Sep 20241.2

Dec 20241.1

Mar 20251.4

Jun 20251.5

Sep 20251.5

Dec 20252.3

Mar 20262.3

Jun 2026—

Royal Gold, Inc. · RGLD

Sep 20212.5

Dec 20212.7

Mar 20223.5

Jun 20222.6

Sep 20222.3

Dec 20222.7

Mar 20233.1

Jun 20232.7

Sep 20232.5

Dec 20232.8

Mar 20242.8

Jun 20242.8

Sep 20243.0

Dec 20242.8

Mar 20253.4

Jun 20253.5

Sep 20253.9

Dec 20252.6

Mar 20262.9

Jun 2026—

Wheaton Precious Metals Corp. · WPM

Sep 20212.8

Dec 20213.1

Mar 20223.4

Jun 20222.5

Sep 20222.2

Dec 20222.6

Mar 20233.2

Jun 20232.9

Sep 20232.7

Dec 20233.2

Mar 20243.0

Jun 20243.3

Sep 20243.8

Dec 20243.5

Mar 20254.7

Jun 20255.3

Sep 20256.3

Dec 20256.1

Mar 20266.5

Jun 2026—

09 · let price answer last

Market action

Hycroft Mining Holding Corporation has the strongest one-year price move in Gold at +479.8%. Centerra Gold Inc. leads on Mansfield relative strength against the S&P 500 at +2.3%. 1 of 28 covered companies is above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.

Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Gold comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 28 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.

10 · the complete set

Which companies are included?

All 28 companies in the canonical Gold membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

Company	Market value	Price	Priced to	Latest fundamentals
Newmont Corporation NEM	$96.4B	$91.5	2026-07-28	Jun 2026
Agnico Eagle Mines Limited AEM	$73.2B	$144	2026-07-28	Mar 2026
Barrick Mining Corporation B	$61.7B	$36.7	2026-07-28	Mar 2026
Wheaton Precious Metals Corp. WPM	$49.8B	$110	2026-07-28	Mar 2026
Franco-Nevada Corporation FNV	$40.8B	$211	2026-07-28	Mar 2026
AngloGold Ashanti plc AU	$39.9B	$79.0	2026-07-28	Mar 2026
Gold Fields Limited GFI	$29.1B	$32.7	2026-07-28	Dec 2025
Kinross Gold Corporation KGC	$28.1B	$23.5	2026-07-28	Mar 2026
Pan American Silver Corp. PAAS	$18.3B	$43.2	2026-07-28	Mar 2026
Royal Gold, Inc. RGLD	$16.6B	$196	2026-07-28	Mar 2026
Coeur Mining, Inc. CDE	$15.4B	$14.9	2026-07-28	Mar 2026
Alamos Gold Inc. AGI	$12.1B	$28.8	2026-07-28	Mar 2026
Eldorado Gold Corporation EGOAHEAD	$8.4B	$32.2	2026-07-28	Mar 2026
IAMGOLD Corporation IAG	$8.3B	$14.3	2026-07-28	Mar 2026
Equinox Gold Corp. EQX	$7.2B	$9.2	2026-07-28	Mar 2026
OR Royalties Inc. OR	$5.5B	$29.4	2026-07-28	Mar 2026
OceanaGold Corporation OGC	$5.4B	$24.1	2026-07-28	Mar 2026
SSR Mining Inc. SSRM	$5.3B	$25.4	2026-07-28	Mar 2026
B2Gold Corp. BTG	$5.1B	$3.8	2026-07-28	Mar 2026
Aura Minerals Inc. AUGO	$4.6B	$55.1	2026-07-28	Mar 2026
Orla Mining Ltd. ORLA	$3.4B	$9.1	2026-07-28	Mar 2026
Centerra Gold Inc. CGAU	$3.2B	$16.1	2026-07-28	Mar 2026
Aris Mining Corporation ARIS	$3.0B	$14.5	2026-07-28	Mar 2026
Seabridge Gold Inc. SA	$2.7B	$25.0	2026-07-28	Mar 2026
Allied Gold Corporation AAUC	$2.6B	$20.8	2026-07-28	Mar 2026
NovaGold Resources Inc. NG	$2.6B	$5.8	2026-07-28	Jun 2026
Fortuna Mining Corp. FSM	$2.6B	$8.4	2026-07-28	Mar 2026
Hycroft Mining Holding Corporation HYMC	$1.9B	$20.1	2026-07-28	Mar 2026

Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 28 Gold companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-28 · weekly price and relative-strength history

Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Questions investors ask · short, speakable answers

Gold company comparison FAQs

These 18 answers restate the Gold comparison above in question form. Every one is computed from the same 28 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Gold company is the biggest?

Barrick Mining Corporation is the largest, with trailing-twelve-month revenue of $19,044 million, ahead of Agnico Eagle Mines Limited at $13,540 million. That covers 22 of 28 companies with comparable reporting through Mar 2026.

Which Gold company is growing fastest?

Aris Mining Corporation has the fastest revenue growth at 100% year on year, across 22 of 28 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Gold company has the best profit margins?

OceanaGold Corporation has the highest operating margin at 152.9%, from 24 of 28 comparable companies. Equinox Gold Corp. shows the biggest recent improvement, at +48.8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Gold company makes the most profit?

Barrick Mining Corporation earns the most, at $8,854 million of trailing-twelve-month net profit, from 25 of 28 comparable companies. Agnico Eagle Mines Limited has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Gold company earns the highest return on capital?

OceanaGold Corporation leads on return on capital employed at 42.7%, across 27 of 28 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Gold stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — IAMGOLD Corporation screens cheapest at 0.46×. Only 11 of 28 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Gold company has the strongest balance sheet?

Centerra Gold Inc. carries the lowest comparable gross debt at $0 million, from 27 of 28 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Gold company is investing most in new capacity?

Barrick Mining Corporation reports the largest capital spending at $979 million, across 25 of 28 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Gold sector beating the market?

Gold has outperformed S&P 500 by 35.9% over the last 52 weeks and 20.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 28 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Gold stock has the strongest price momentum?

Centerra Gold Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Gold company scores highest for research priority?

Franco-Nevada Corporation scores 66.7 out of 100 with 82% evidence confidence, from 24.6 points on growth and earnings, 16.1 on capital efficiency, 9.9 on valuation and 16.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Gold companies does this comparison cover, and over what period?

It compares 28 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Gold sector?

The 28 Gold companies on this page carry $553,351 million of combined market value. Newmont Corporation is the largest at $96,434 million, about 17% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Gold sector's P/E ratio?

The median price-to-earnings ratio across the 28 Gold companies on this page is 15.5×, measured on the 26 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Gold sector performing?

1 of the 28 covered Gold companies are beating S&P 500 on Mansfield relative strength. The sector itself is 35.9% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Gold stocks are listed in the US?

This comparison covers 28 listed Gold companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.