# Other Precious Metals & Mining — company-by-company sector analysis

> Other Precious Metals & Mining: Hecla Mining Company owns the largest revenue base; Elemental Royalty Corporation has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice.

## Bottom line

Other Precious Metals & Mining has outperformed S&P 500 by 26.4% over 52 weeks and 20.3% over 13 weeks. 0 of 14 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 14 beat the sector itself. Hecla Mining Company leads with revenue of $1,573 million, based on 11 of 17 comparable companies through Mar 2026.

## Sector relative strength

Other Precious Metals & Mining has outperformed S&P 500 by 26.4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 20.3%. 0 of 14 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective.

13-week sector return versus NIFTY 500: -20%
52-week sector return versus NIFTY 500: 26%
Stocks leading NIFTY: 0/14
Stocks leading sector: 7/14

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

Companies: 17
Combined market value: ₹35.5K Cr

## 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.

1. Gold Resource Corporation (GORO): 65/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 26.0/35 | Capital efficiency 14.9/25 | Valuation 10.1/20 | Relative strength 13.6/20
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of 9 weeks with a reading, within the last 12
   - Exact sum: 26 + 14.9 + 10.1 + 13.6 = 64.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2. Avino Silver & Gold Mines Ltd. (ASM): 61/100 — Mixed-positive evidence; evidence 65%
   - Growth & earnings 24.1/35 | Capital efficiency 16.4/25 | Valuation 9.9/20 | Relative strength 10.4/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks
   - Exact sum: 24.1 + 16.4 + 9.9 + 10.4 = 60.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Compañía de Minas Buenaventura S.A.A. (BVN): 61/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 20.2/35 | Capital efficiency 13.1/25 | Valuation 11.3/20 | Relative strength 16.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 20.2 + 13.1 + 11.3 + 16 = 60.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. Vox Royalty Corp. (VOXR): 58/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 24.9/35 | Capital efficiency 13.1/25 | Valuation 11.0/20 | Relative strength 8.5/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 24.9 + 13.1 + 11 + 8.5 = 57.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5. Triple Flag Precious Metals Corp. (TFPM): 57/100 — Mixed-positive evidence; evidence 81%
   - Growth & earnings 24.2/35 | Capital efficiency 14.7/25 | Valuation 9.4/20 | Relative strength 8.4/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 24.2 + 14.7 + 9.4 + 8.4 = 56.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. Metalla Royalty & Streaming Ltd. (MTA): 56/100 — Mixed-positive evidence; evidence 61%
   - Growth & earnings 18.8/35 | Capital efficiency 7.7/25 | Valuation 10.0/20 | Relative strength 19.1/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks
   - Exact sum: 18.8 + 7.7 + 10 + 19.1 = 55.6
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7. Hecla Mining Company (HL): 55/100 — Mixed-positive evidence; evidence 71%
   - Growth & earnings 27.1/35 | Capital efficiency 13.3/25 | Valuation 9.2/20 | Relative strength 5.2/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 27.1 + 13.3 + 9.2 + 5.2 = 54.8
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -1% and the one-year return is 102.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
8. McEwen Inc. (MUX): 47/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 17.4/35 | Capital efficiency 8.3/25 | Valuation 10.6/20 | Relative strength 11.1/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 17.4 + 8.3 + 10.6 + 11.1 = 47.4
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9. Elemental Royalty Corporation (ELE): 40/100 — Mixed-negative evidence; evidence 65%
   - Growth & earnings 11.3/35 | Capital efficiency 10.2/25 | Valuation 8.5/20 | Relative strength 10.2/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 11.3 + 10.2 + 8.5 + 10.2 = 40.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10. Comstock Inc. (LODE): 38/100 — Thin evidence · provisional; evidence 54%
   - Growth & earnings 11.1/35 | Capital efficiency 7.7/25 | Valuation 11.5/20 | Relative strength 7.4/20
   - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks
   - Exact sum: 11.1 + 7.7 + 11.5 + 7.4 = 37.7
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11. Versamet Royalties Corporation (VMET): 57/100 — Thin evidence · provisional; evidence 44%
   - Growth & earnings 21.6/35 | Capital efficiency 15.3/25 | Valuation 9.7/20 | Relative strength 10.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 6 of the last 12 weeks
   - Exact sum: 21.6 + 15.3 + 9.7 + 10 = 56.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12. Solaris Resources Inc. (SLSR): 49/100 — Thin evidence · provisional; evidence 44%
   - Growth & earnings 20.6/35 | Capital efficiency 6.1/25 | Valuation 9.0/20 | Relative strength 13.4/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 20.6 + 6.1 + 9 + 13.4 = 49.1
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13. Guardian Metal Resources PLC (GMTL): 42/100 — Thin evidence · provisional; evidence 20%
   - Growth & earnings 13.4/35 | Capital efficiency 8.1/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of 7 weeks with a reading, within the last 12
   - Exact sum: 13.4 + 8.1 + 10 + 10 = 41.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14. Silver Bow Mining Corp. (SBMT): 39/100 — Thin evidence · provisional; evidence 27%
   - Growth & earnings 13.5/35 | Capital efficiency 5.2/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of 2 weeks with a reading, within the last 12
   - Exact sum: 13.5 + 5.2 + 10 + 10 = 38.7
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15. Integra Resources Corp. (ITRG): 39/100 — Thin evidence · provisional; evidence 50%
   - Growth & earnings 14.9/35 | Capital efficiency 11.3/25 | Valuation 8.7/20 | Relative strength 3.7/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 14.9 + 11.3 + 8.7 + 3.7 = 38.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16. Perpetua Resources Corp. (PPTA): 36/100 — Thin evidence · provisional; evidence 50%
   - Growth & earnings 19.2/35 | Capital efficiency 5.7/25 | Valuation 9.4/20 | Relative strength 1.4/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 19.2 + 5.7 + 9.4 + 1.4 = 35.7
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17. Platinum Group Metals Ltd. (PLG): 34/100 — Thin evidence · provisional; evidence 44%
   - Growth & earnings 13.0/35 | Capital efficiency 7.5/25 | Valuation 10.8/20 | Relative strength 3.0/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 13 + 7.5 + 10.8 + 3 = 34.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

Hecla Mining Company has the strongest one-year price move in Other Precious Metals & Mining at +102.5%. Metalla Royalty & Streaming Ltd. leads on Mansfield relative strength against the S&P 500 at -0.4%. 0 of 14 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

### Strongest one-year price performers
1. Hecla Mining Company (HL): 103%
2. McEwen Inc. (MUX): 83%
3. Metalla Royalty & Streaming Ltd. (MTA): 83%
4. Gold Resource Corporation (GORO): 79%
5. Versamet Royalties Corporation (VMET): 78%

### Strongest relative strength versus NIFTY 500
1. Metalla Royalty & Streaming Ltd. (MTA): -0.4%
2. Compañía de Minas Buenaventura S.A.A. (BVN): -2.5%
3. Solaris Resources Inc. (SLSR): -9.5%
4. Gold Resource Corporation (GORO): -12%
5. Elemental Royalty Corporation (ELE): -14%

## Revenue Scale & Growth Durability

What the numbers say: Hecla Mining Company is the scale leader at $1,573 million, 247.2% ahead of Triple Flag Precious Metals Corp.. Elemental Royalty Corporation's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 115.4% from a $56 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

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

This conclusion weakens if: Hecla Mining Company's growth falls below Elemental Royalty Corporation's for two consecutive comparable reports while operating margin also compresses.

Evidence: Hecla Mining Company · $1,573 million | 247.2% versus #2 · Triple Flag Precious Metals Corp. | 8/8 recent comparable periods | 11/17 companies · 205 observations

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

### Revenue — largest
1. Hecla Mining Company (HL): ₹1.6K Cr
2. Triple Flag Precious Metals Corp. (TFPM): ₹453 Cr
3. Integra Resources Corp. (ITRG): ₹249 Cr
4. McEwen Inc. (MUX): ₹237 Cr
5. Gold Resource Corporation (GORO): ₹131 Cr

### Revenue growth — fastest growers
1. Elemental Royalty Corporation (ELE): 100%
2. Gold Resource Corporation (GORO): 100%
3. Versamet Royalties Corporation (VMET): 100%
4. Vox Royalty Corp. (VOXR): 100%
5. Metalla Royalty & Streaming Ltd. (MTA): 86%

### 20-quarter Revenue history
- HL: Sep 2021 ₹194 Cr | Dec 2021 ₹185 Cr | Mar 2022 ₹186 Cr | Jun 2022 ₹191 Cr | Sep 2022 ₹146 Cr | Dec 2022 ₹195 Cr | Mar 2023 ₹200 Cr | Jun 2023 ₹178 Cr | Sep 2023 ₹182 Cr | Dec 2023 ₹161 Cr | Mar 2024 ₹190 Cr | Jun 2024 ₹246 Cr | Sep 2024 ₹245 Cr | Dec 2024 ₹250 Cr | Mar 2025 ₹205 Cr | Jun 2025 ₹304 Cr | Sep 2025 ₹410 Cr | Dec 2025 ₹448 Cr | Mar 2026 ₹411 Cr | Jun 2026 —
- BVN: Sep 2021 ₹220 Cr | Dec 2021 ₹253 Cr | Mar 2022 ₹233 Cr | Jun 2022 ₹150 Cr | Sep 2022 ₹195 Cr | Dec 2022 ₹246 Cr | Mar 2023 ₹185 Cr | Jun 2023 ₹173 Cr | Sep 2023 ₹211 Cr | Dec 2023 ₹254 Cr | Mar 2024 ₹247 Cr | Jun 2024 ₹277 Cr | Sep 2024 ₹331 Cr | Dec 2024 ₹300 Cr | Mar 2025 ₹308 Cr | Jun 2025 ₹369 Cr | Sep 2025 ₹431 Cr | Dec 2025 ₹623 Cr | Mar 2026 ₹625 Cr | Jun 2026 —
- TFPM: Sep 2021 ₹37 Cr | Dec 2021 ₹37 Cr | Mar 2022 ₹38 Cr | Jun 2022 ₹36 Cr | Sep 2022 ₹34 Cr | Dec 2022 ₹44 Cr | Mar 2023 ₹50 Cr | Jun 2023 ₹53 Cr | Sep 2023 ₹49 Cr | Dec 2023 ₹52 Cr | Mar 2024 ₹58 Cr | Jun 2024 ₹64 Cr | Sep 2024 ₹74 Cr | Dec 2024 ₹74 Cr | Mar 2025 ₹82 Cr | Jun 2025 ₹94 Cr | Sep 2025 ₹93 Cr | Dec 2025 ₹119 Cr | Mar 2026 ₹147 Cr | Jun 2026 —
- MUX: Sep 2021 ₹37 Cr | Dec 2021 ₹35 Cr | Mar 2022 ₹26 Cr | Jun 2022 ₹31 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹28 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹34 Cr | Sep 2023 ₹38 Cr | Dec 2023 ₹59 Cr | Mar 2024 ₹41 Cr | Jun 2024 ₹47 Cr | Sep 2024 ₹52 Cr | Dec 2024 ₹34 Cr | Mar 2025 ₹36 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹51 Cr | Dec 2025 ₹65 Cr | Mar 2026 ₹74 Cr | Jun 2026 —
- ELE: Sep 2021 ₹2 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹12 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹16 Cr | Mar 2026 ₹24 Cr | Jun 2026 —
- VMET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹3 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹18 Cr | Mar 2026 ₹24 Cr | Jun 2026 —
- ASM: Sep 2021 ₹2 Cr | Dec 2021 ₹9 Cr | Mar 2022 ₹11 Cr | Jun 2022 ₹9 Cr | Sep 2022 ₹9 Cr | Dec 2022 ₹15 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹12 Cr | Dec 2023 ₹13 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹15 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹24 Cr | Mar 2025 ₹19 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹21 Cr | Dec 2025 ₹31 Cr | Mar 2026 ₹39 Cr | Jun 2026 —
- MTA: Sep 2021 ₹1 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹3 Cr | Jun 2026 —
- ITRG: 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 ₹30 Cr | Mar 2025 ₹57 Cr | Jun 2025 ₹61 Cr | Sep 2025 ₹71 Cr | Dec 2025 ₹55 Cr | Mar 2026 ₹62 Cr | Jun 2026 —
- VOXR: Sep 2021 ₹1 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹16 Cr | Jun 2026 —
- LODE: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- GORO: Sep 2021 ₹29 Cr | Dec 2021 ₹38 Cr | Mar 2022 ₹45 Cr | Jun 2022 ₹37 Cr | Sep 2022 ₹24 Cr | Dec 2022 ₹32 Cr | Mar 2023 ₹31 Cr | Jun 2023 ₹25 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹21 Cr | Mar 2024 ₹19 Cr | Jun 2024 ₹21 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹12 Cr | Jun 2025 ₹11 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹51 Cr | Mar 2026 ₹44 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- HL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -12% | Sep 2022 -25% | Dec 2022 5.4% | Mar 2023 7.5% | Jun 2023 -6.8% | Sep 2023 25% | Dec 2023 -17% | Mar 2024 -5.0% | Jun 2024 38% | Sep 2024 35% | Dec 2024 55% | Mar 2025 7.9% | Jun 2025 24% | Sep 2025 67% | Dec 2025 79% | Mar 2026 100% | Jun 2026 —
- BVN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -38% | Sep 2022 -11% | Dec 2022 -2.8% | Mar 2023 -21% | Jun 2023 15% | Sep 2023 8.2% | Dec 2023 3.3% | Mar 2024 34% | Jun 2024 60% | Sep 2024 57% | Dec 2024 18% | Mar 2025 25% | Jun 2025 33% | Sep 2025 30% | Dec 2025 108% | Mar 2026 103% | Jun 2026 —
- TFPM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -12% | Sep 2022 -8.1% | Dec 2022 19% | Mar 2023 32% | Jun 2023 47% | Sep 2023 44% | Dec 2023 18% | Mar 2024 16% | Jun 2024 21% | Sep 2024 51% | Dec 2024 42% | Mar 2025 41% | Jun 2025 47% | Sep 2025 26% | Dec 2025 61% | Mar 2026 79% | Jun 2026 —
- MUX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -24% | Sep 2022 -30% | Dec 2022 -20% | Mar 2023 35% | Jun 2023 9.7% | Sep 2023 46% | Dec 2023 111% | Mar 2024 17% | Jun 2024 38% | Sep 2024 37% | Dec 2024 -42% | Mar 2025 -12% | Jun 2025 0.0% | Sep 2025 -1.9% | Dec 2025 91% | Mar 2026 106% | Jun 2026 —
- ELE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 100% | Sep 2022 50% | Dec 2022 50% | Mar 2023 50% | Jun 2023 50% | Sep 2023 -33% | Dec 2023 33% | Mar 2024 0.0% | Jun 2024 33% | Sep 2024 100% | Dec 2024 50% | Mar 2025 300% | Jun 2025 125% | Sep 2025 75% | Dec 2025 167% | Mar 2026 100% | Jun 2026 —
- VMET: 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 0.0% | Jun 2025 67% | Sep 2025 167% | Dec 2025 500% | Mar 2026 700% | Jun 2026 —
- ASM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 350% | Dec 2022 67% | Mar 2023 -9.1% | Jun 2023 0.0% | Sep 2023 33% | Dec 2023 -13% | Mar 2024 20% | Jun 2024 67% | Sep 2024 25% | Dec 2024 85% | Mar 2025 58% | Jun 2025 47% | Sep 2025 40% | Dec 2025 29% | Mar 2026 105% | Jun 2026 —
- MTA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -100% | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 0.0% | Jun 2023 — | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 0.0% | Jun 2024 0.0% | Sep 2024 100% | Dec 2024 100% | Mar 2025 100% | Jun 2025 200% | Sep 2025 100% | Dec 2025 50% | Mar 2026 50% | Jun 2026 —
- ITRG: 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 83% | Mar 2026 8.8% | Jun 2026 —
- VOXR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 100% | Sep 2022 200% | Dec 2022 100% | Mar 2023 300% | Jun 2023 0.0% | Sep 2023 33% | Dec 2023 50% | Mar 2024 -25% | Jun 2024 50% | Sep 2024 -50% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 0.0% | Sep 2025 100% | Dec 2025 0.0% | Mar 2026 433% | Jun 2026 —
- LODE: 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 0.0% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -100% | Dec 2025 -100% | Mar 2026 -100% | Jun 2026 —
- GORO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 19% | Sep 2022 -17% | Dec 2022 -16% | Mar 2023 -31% | Jun 2023 -32% | Sep 2023 -13% | Dec 2023 -34% | Mar 2024 -39% | Jun 2024 -16% | Sep 2024 -38% | Dec 2024 -38% | Mar 2025 -37% | Jun 2025 -48% | Sep 2025 92% | Dec 2025 292% | Mar 2026 267% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Versamet Royalties Corporation leads opm at 90.6%; Gold Resource Corporation leads margin change at +62.3 percentage points.

Investor read: Versamet Royalties 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.

Evidence: Versamet Royalties Corporation · 90.6% | 35.4% versus #2 · Triple Flag Precious Metals Corp. | 3/5 recent comparable periods | 11/17 companies · 192 observations

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

### OPM — highest
1. Versamet Royalties Corporation (VMET): 91%
2. Triple Flag Precious Metals Corp. (TFPM): 67%
3. Compañía de Minas Buenaventura S.A.A. (BVN): 53%
4. Avino Silver & Gold Mines Ltd. (ASM): 50%
5. Hecla Mining Company (HL): 46%

### Margin change — fastest expanders
1. Gold Resource Corporation (GORO): +62.3 pp
2. Vox Royalty Corp. (VOXR): +40.5 pp
3. Hecla Mining Company (HL): +37.4 pp
4. Metalla Royalty & Streaming Ltd. (MTA): +25.0 pp
5. Compañía de Minas Buenaventura S.A.A. (BVN): +22.2 pp

### 20-quarter OPM history
- HL: Sep 2021 -4.4% | Dec 2021 12% | Mar 2022 7.9% | Jun 2022 4.0% | Sep 2022 -17% | Dec 2022 -4.8% | Mar 2023 2.8% | Jun 2023 2.7% | Sep 2023 -6.9% | Dec 2023 -26% | Mar 2024 2.7% | Jun 2024 17% | Sep 2024 9.2% | Dec 2024 15% | Mar 2025 8.6% | Jun 2025 31% | Sep 2025 36% | Dec 2025 49% | Mar 2026 46% | Jun 2026 —
- BVN: Sep 2021 -6.2% | Dec 2021 -20% | Mar 2022 14% | Jun 2022 -43% | Sep 2022 -10% | Dec 2022 5.3% | Mar 2023 6.8% | Jun 2023 -13% | Sep 2023 -14% | Dec 2023 24% | Mar 2024 19% | Jun 2024 24% | Sep 2024 87% | Dec 2024 15% | Mar 2025 31% | Jun 2025 24% | Sep 2025 36% | Dec 2025 48% | Mar 2026 53% | Jun 2026 —
- TFPM: Sep 2021 43% | Dec 2021 43% | Mar 2022 46% | Jun 2022 45% | Sep 2022 45% | Dec 2022 35% | Mar 2023 31% | Jun 2023 40% | Sep 2023 -16% | Dec 2023 23% | Mar 2024 36% | Jun 2024 -174% | Sep 2024 42% | Dec 2024 56% | Mar 2025 54% | Jun 2025 58% | Sep 2025 61% | Dec 2025 55% | Mar 2026 67% | Jun 2026 —
- MUX: Sep 2021 -40% | Dec 2021 -57% | Mar 2022 -90% | Jun 2022 -62% | Sep 2022 -63% | Dec 2022 -141% | Mar 2023 -113% | Jun 2023 -122% | Sep 2023 -68% | Dec 2023 5.7% | Mar 2024 -13% | Jun 2024 -3.9% | Sep 2024 5.7% | Dec 2024 -25% | Mar 2025 1.2% | Jun 2025 0.0% | Sep 2025 -15% | Dec 2025 -8.9% | Mar 2026 15% | Jun 2026 —
- ELE: Sep 2021 16% | Dec 2021 -1.9% | Mar 2022 -7.9% | Jun 2022 -54% | Sep 2022 -62% | Dec 2022 -394% | Mar 2023 -34% | Jun 2023 -31% | Sep 2023 -36% | Dec 2023 72% | Mar 2024 -3.5% | Jun 2024 21% | Sep 2024 27% | Dec 2024 11% | Mar 2025 38% | Jun 2025 16% | Sep 2025 21% | Dec 2025 -12% | Mar 2026 27% | Jun 2026 —
- VMET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 33% | Jun 2024 113% | Sep 2024 192% | Dec 2024 44% | Mar 2025 89% | Jun 2025 99% | Sep 2025 74% | Dec 2025 154% | Mar 2026 91% | Jun 2026 —
- ASM: Sep 2021 -14% | Dec 2021 37% | Mar 2022 31% | Jun 2022 18% | Sep 2022 5.6% | Dec 2022 15% | Mar 2023 3.3% | Jun 2023 -15% | Sep 2023 3.7% | Dec 2023 3.8% | Mar 2024 5.2% | Jun 2024 15% | Sep 2024 26% | Dec 2024 34% | Mar 2025 43% | Jun 2025 32% | Sep 2025 33% | Dec 2025 47% | Mar 2026 50% | Jun 2026 —
- MTA: Sep 2021 -277% | Dec 2021 -357% | Mar 2022 -289% | Jun 2022 -285% | Sep 2022 -432% | Dec 2022 -596% | Mar 2023 -122% | Jun 2023 -277% | Sep 2023 -145% | Dec 2023 -117% | Mar 2024 -103% | Jun 2024 -146% | Sep 2024 -51% | Dec 2024 -51% | Mar 2025 -13% | Jun 2025 8.3% | Sep 2025 37% | Dec 2025 -46% | Mar 2026 12% | Jun 2026 —
- ITRG: 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 15% | Mar 2025 19% | Jun 2025 30% | Sep 2025 30% | Dec 2025 31% | Mar 2026 27% | Jun 2026 —
- VOXR: Sep 2021 -41% | Dec 2021 -274% | Mar 2022 -20% | Jun 2022 -1.8% | Sep 2022 25% | Dec 2022 -0.5% | Mar 2023 26% | Jun 2023 -23% | Sep 2023 54% | Dec 2023 -20% | Mar 2024 21% | Jun 2024 7.3% | Sep 2024 11% | Dec 2024 -0.1% | Mar 2025 3.9% | Jun 2025 -6.4% | Sep 2025 22% | Dec 2025 29% | Mar 2026 44% | Jun 2026 —
- LODE: Sep 2021 -474% | Dec 2021 -851% | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 352% | Dec 2023 -178% | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 -991% | Mar 2025 -896% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- GORO: Sep 2021 13% | Dec 2021 16% | Mar 2022 23% | Jun 2022 18% | Sep 2022 -39% | Dec 2022 -3.6% | Mar 2023 1.0% | Jun 2023 -23% | Sep 2023 -39% | Dec 2023 -23% | Mar 2024 -24% | Jun 2024 -23% | Sep 2024 -84% | Dec 2024 -57% | Mar 2025 -28% | Jun 2025 -55% | Sep 2025 15% | Dec 2025 48% | Mar 2026 34% | Jun 2026 —

### 20-quarter Margin change history
- HL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −9.4 pp | Sep 2022 −13.0 pp | Dec 2022 −16.6 pp | Mar 2023 −5.1 pp | Jun 2023 −1.3 pp | Sep 2023 +10.5 pp | Dec 2023 −21.6 pp | Mar 2024 −0.1 pp | Jun 2024 +13.8 pp | Sep 2024 +16.1 pp | Dec 2024 +41.7 pp | Mar 2025 +5.9 pp | Jun 2025 +14.3 pp | Sep 2025 +27.1 pp | Dec 2025 +33.8 pp | Mar 2026 +37.4 pp | Jun 2026 —
- BVN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −47.2 pp | Sep 2022 −4.0 pp | Dec 2022 +24.8 pp | Mar 2023 −7.0 pp | Jun 2023 +30.1 pp | Sep 2023 −3.8 pp | Dec 2023 +18.4 pp | Mar 2024 +12.2 pp | Jun 2024 +36.7 pp | Sep 2024 +100.5 pp | Dec 2024 −8.4 pp | Mar 2025 +11.5 pp | Jun 2025 −0.2 pp | Sep 2025 −50.7 pp | Dec 2025 +32.4 pp | Mar 2026 +22.2 pp | Jun 2026 —
- TFPM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −5.4 pp | Sep 2022 +1.9 pp | Dec 2022 −7.8 pp | Mar 2023 −14.4 pp | Jun 2023 −5.5 pp | Sep 2023 −60.5 pp | Dec 2023 −11.5 pp | Mar 2024 +4.9 pp | Jun 2024 −214.1 pp | Sep 2024 +57.2 pp | Dec 2024 +32.6 pp | Mar 2025 +18.2 pp | Jun 2025 +232.0 pp | Sep 2025 +18.9 pp | Dec 2025 −0.9 pp | Mar 2026 +12.7 pp | Jun 2026 —
- MUX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −44.9 pp | Sep 2022 −23.1 pp | Dec 2022 −83.6 pp | Mar 2023 −23.3 pp | Jun 2023 −60.1 pp | Sep 2023 −5.2 pp | Dec 2023 +146.7 pp | Mar 2024 +100.6 pp | Jun 2024 +118.5 pp | Sep 2024 +73.8 pp | Dec 2024 −31.1 pp | Mar 2025 +13.9 pp | Jun 2025 +3.9 pp | Sep 2025 −20.8 pp | Dec 2025 +16.5 pp | Mar 2026 +13.5 pp | Jun 2026 —
- ELE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −38.6 pp | Sep 2022 −77.7 pp | Dec 2022 −391.9 pp | Mar 2023 −25.6 pp | Jun 2023 +22.6 pp | Sep 2023 +26.3 pp | Dec 2023 +466.0 pp | Mar 2024 +30.0 pp | Jun 2024 +51.6 pp | Sep 2024 +63.1 pp | Dec 2024 −60.8 pp | Mar 2025 +41.1 pp | Jun 2025 −4.7 pp | Sep 2025 −6.5 pp | Dec 2025 −23.6 pp | Mar 2026 −10.3 pp | Jun 2026 —
- VMET: 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 +55.7 pp | Jun 2025 −14.6 pp | Sep 2025 −117.7 pp | Dec 2025 +110.8 pp | Mar 2026 +1.6 pp | Jun 2026 —
- ASM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +19.1 pp | Dec 2022 −22.0 pp | Mar 2023 −27.7 pp | Jun 2023 −32.5 pp | Sep 2023 −1.9 pp | Dec 2023 −11.6 pp | Mar 2024 +1.9 pp | Jun 2024 +29.8 pp | Sep 2024 +21.8 pp | Dec 2024 +30.3 pp | Mar 2025 +37.7 pp | Jun 2025 +16.5 pp | Sep 2025 +7.3 pp | Dec 2025 +12.4 pp | Mar 2026 +6.7 pp | Jun 2026 —
- MTA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +14.0 pp | Sep 2022 −155.4 pp | Dec 2022 −239.1 pp | Mar 2023 +167.6 pp | Jun 2023 +8.1 pp | Sep 2023 +286.6 pp | Dec 2023 +479.3 pp | Mar 2024 +18.9 pp | Jun 2024 +131.0 pp | Sep 2024 +94.6 pp | Dec 2024 +65.6 pp | Mar 2025 +89.8 pp | Jun 2025 +153.8 pp | Sep 2025 +87.2 pp | Dec 2025 +5.4 pp | Mar 2026 +25.0 pp | Jun 2026 —
- ITRG: 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 +16.0 pp | Mar 2026 +7.4 pp | Jun 2026 —
- VOXR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +22.1 pp | Sep 2022 +65.8 pp | Dec 2022 +273.4 pp | Mar 2023 +45.9 pp | Jun 2023 −21.5 pp | Sep 2023 +29.5 pp | Dec 2023 −19.4 pp | Mar 2024 −5.1 pp | Jun 2024 +30.6 pp | Sep 2024 −42.6 pp | Dec 2024 +19.8 pp | Mar 2025 −17.3 pp | Jun 2025 −13.7 pp | Sep 2025 +10.2 pp | Dec 2025 +28.6 pp | Mar 2026 +40.5 pp | Jun 2026 —
- LODE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −7,911.6 pp | Sep 2022 −6,863.2 pp | Dec 2022 −13,993.4 pp | Mar 2023 −8,478.9 pp | Jun 2023 −5,750.3 pp | Sep 2023 +7,689.1 pp | Dec 2023 +14,666.5 pp | Mar 2024 +15,420.4 pp | Jun 2024 +15,512.4 pp | Sep 2024 −2,798.7 pp | Dec 2024 −812.4 pp | Mar 2025 +195.9 pp | Jun 2025 −978.6 pp | Sep 2025 −16,442.3 pp | Dec 2025 −2,543.0 pp | Mar 2026 −1,957.2 pp | Jun 2026 —
- GORO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +5.3 pp | Sep 2022 −51.8 pp | Dec 2022 −19.6 pp | Mar 2023 −21.5 pp | Jun 2023 −41.2 pp | Sep 2023 −0.6 pp | Dec 2023 −19.2 pp | Mar 2024 −24.8 pp | Jun 2024 −0.2 pp | Sep 2024 −44.6 pp | Dec 2024 −34.0 pp | Mar 2025 −4.4 pp | Jun 2025 −31.8 pp | Sep 2025 +98.3 pp | Dec 2025 +105.1 pp | Mar 2026 +62.3 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Triple Flag Precious Metals Corp. leads with $312 million of TTM profit, 13.9% above Hecla Mining Company. Avino Silver & Gold Mines Ltd. shows ≥100% on the scoring scale (184.6% uncapped) growth from a $37 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Triple Flag Precious Metals Corp. 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.

Evidence: Triple Flag Precious Metals Corp. · $312 million | 13.9% versus #2 · Hecla Mining Company | 5/8 recent comparable periods | 15/17 companies · 293 observations

Definition: 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 profit — largest
1. Triple Flag Precious Metals Corp. (TFPM): ₹312 Cr
2. Hecla Mining Company (HL): ₹274 Cr
3. McEwen Inc. (MUX): ₹74 Cr
4. Avino Silver & Gold Mines Ltd. (ASM): ₹37 Cr
5. Versamet Royalties Corporation (VMET): ₹32 Cr

### Profit growth — fastest growers
1. Avino Silver & Gold Mines Ltd. (ASM): 100%
2. Hecla Mining Company (HL): 100%
3. Triple Flag Precious Metals Corp. (TFPM): 100%
4. Elemental Royalty Corporation (ELE): -125%

### 20-quarter Net profit history
- HL: Sep 2021 ₹-1 Cr | Dec 2021 ₹12 Cr | Mar 2022 ₹4 Cr | Jun 2022 ₹-13 Cr | Sep 2022 ₹-43 Cr | Dec 2022 ₹-12 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹-16 Cr | Sep 2023 ₹-22 Cr | Dec 2023 ₹-43 Cr | Mar 2024 ₹-6 Cr | Jun 2024 ₹28 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹29 Cr | Jun 2025 ₹58 Cr | Sep 2025 ₹101 Cr | Dec 2025 ₹134 Cr | Mar 2026 ₹-19 Cr | Jun 2026 —
- BVN: Sep 2021 ₹-5 Cr | Dec 2021 ₹79 Cr | Mar 2022 ₹135 Cr | Jun 2022 ₹-44 Cr | Sep 2022 ₹-23 Cr | Dec 2022 ₹57 Cr | Mar 2023 ₹72 Cr | Jun 2023 ₹-5 Cr | Sep 2023 ₹-24 Cr | Dec 2023 ₹-3 Cr | Mar 2024 ₹67 Cr | Jun 2024 ₹74 Cr | Sep 2024 ₹246 Cr | Dec 2024 ₹30 Cr | Mar 2025 ₹147 Cr | Jun 2025 ₹101 Cr | Sep 2025 ₹179 Cr | Dec 2025 ₹411 Cr | Mar 2026 ₹356 Cr | Jun 2026 —
- TFPM: Sep 2021 ₹5 Cr | Dec 2021 ₹13 Cr | Mar 2022 ₹16 Cr | Jun 2022 ₹11 Cr | Sep 2022 ₹16 Cr | Dec 2022 ₹15 Cr | Mar 2023 ₹17 Cr | Jun 2023 ₹16 Cr | Sep 2023 ₹-13 Cr | Dec 2023 ₹12 Cr | Mar 2024 ₹17 Cr | Jun 2024 ₹-111 Cr | Sep 2024 ₹30 Cr | Dec 2024 ₹41 Cr | Mar 2025 ₹46 Cr | Jun 2025 ₹56 Cr | Sep 2025 ₹62 Cr | Dec 2025 ₹77 Cr | Mar 2026 ₹117 Cr | Jun 2026 —
- PPTA: Sep 2021 ₹-7 Cr | Dec 2021 ₹-11 Cr | Mar 2022 ₹-6 Cr | Jun 2022 ₹-6 Cr | Sep 2022 ₹-6 Cr | Dec 2022 ₹-10 Cr | Mar 2023 ₹-5 Cr | Jun 2023 ₹-8 Cr | Sep 2023 ₹-3 Cr | Dec 2023 ₹-4 Cr | Mar 2024 ₹-3 Cr | Jun 2024 ₹-4 Cr | Sep 2024 ₹-4 Cr | Dec 2024 ₹-4 Cr | Mar 2025 ₹-8 Cr | Jun 2025 ₹-6 Cr | Sep 2025 ₹-26 Cr | Dec 2025 ₹-61 Cr | Mar 2026 ₹-49 Cr | Jun 2026 —
- SLSR: Sep 2021 ₹-13 Cr | Dec 2021 ₹-19 Cr | Mar 2022 ₹-16 Cr | Jun 2022 ₹-15 Cr | Sep 2022 ₹-14 Cr | Dec 2022 ₹-14 Cr | Mar 2023 ₹-12 Cr | Jun 2023 ₹-10 Cr | Sep 2023 ₹-9 Cr | Dec 2023 ₹-10 Cr | Mar 2024 ₹-13 Cr | Jun 2024 ₹-18 Cr | Sep 2024 ₹-21 Cr | Dec 2024 ₹-26 Cr | Mar 2025 ₹-15 Cr | Jun 2025 ₹-4 Cr | Sep 2025 ₹-11 Cr | Dec 2025 ₹-11 Cr | Mar 2026 ₹-5 Cr | Jun 2026 —
- MUX: Sep 2021 ₹-17 Cr | Dec 2021 ₹-21 Cr | Mar 2022 ₹-21 Cr | Jun 2022 ₹-12 Cr | Sep 2022 ₹-11 Cr | Dec 2022 ₹-37 Cr | Mar 2023 ₹-43 Cr | Jun 2023 ₹-22 Cr | Sep 2023 ₹-18 Cr | Dec 2023 ₹138 Cr | Mar 2024 ₹-20 Cr | Jun 2024 ₹-13 Cr | Sep 2024 ₹-2 Cr | Dec 2024 ₹-8 Cr | Mar 2025 ₹-6 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹38 Cr | Mar 2026 ₹33 Cr | Jun 2026 —
- ELE: Sep 2021 ₹-1 Cr | Dec 2021 ₹-1 Cr | Mar 2022 ₹-1 Cr | Jun 2022 ₹-2 Cr | Sep 2022 ₹-3 Cr | Dec 2022 ₹-12 Cr | Mar 2023 ₹-2 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹-2 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹-1 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹-3 Cr | Mar 2026 ₹1 Cr | Jun 2026 —
- VMET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹-7 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹15 Cr | Mar 2026 ₹14 Cr | Jun 2026 —
- ASM: Sep 2021 ₹0 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹-1 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹-1 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹16 Cr | Jun 2026 —
- MTA: Sep 2021 ₹-2 Cr | Dec 2021 ₹-3 Cr | Mar 2022 ₹-2 Cr | Jun 2022 ₹-2 Cr | Sep 2022 ₹-2 Cr | Dec 2022 ₹-5 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹-2 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹-2 Cr | Jun 2024 ₹-2 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹-2 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹-2 Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- ITRG: Sep 2021 ₹-10 Cr | Dec 2021 ₹-7 Cr | Mar 2022 ₹-6 Cr | Jun 2022 ₹-5 Cr | Sep 2022 ₹-3 Cr | Dec 2022 ₹-6 Cr | Mar 2023 ₹-7 Cr | Jun 2023 ₹-7 Cr | Sep 2023 ₹-8 Cr | Dec 2023 ₹-7 Cr | Mar 2024 ₹-5 Cr | Jun 2024 ₹-7 Cr | Sep 2024 ₹-7 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹11 Cr | Sep 2025 ₹-8 Cr | Dec 2025 ₹-6 Cr | Mar 2026 ₹13 Cr | Jun 2026 —
- GMTL: Sep 2021 — | Dec 2021 ₹0 Cr | Mar 2022 — | Jun 2022 ₹-1 Cr | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 — | Jun 2023 ₹-1 Cr | Sep 2023 — | Dec 2023 ₹-1 Cr | Mar 2024 — | Jun 2024 ₹-1 Cr | Sep 2024 — | Dec 2024 ₹-1 Cr | Mar 2025 — | Jun 2025 ₹-2 Cr | Sep 2025 — | Dec 2025 ₹-5 Cr | Mar 2026 — | Jun 2026 —
- VOXR: Sep 2021 ₹-1 Cr | Dec 2021 ₹-2 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹24 Cr | Jun 2026 —
- LODE: Sep 2021 ₹-9 Cr | Dec 2021 ₹-17 Cr | Mar 2022 ₹-7 Cr | Jun 2022 ₹-14 Cr | Sep 2022 ₹-5 Cr | Dec 2022 ₹-21 Cr | Mar 2023 ₹-6 Cr | Jun 2023 ₹-6 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹-7 Cr | Jun 2024 ₹-9 Cr | Sep 2024 ₹-15 Cr | Dec 2024 ₹-23 Cr | Mar 2025 ₹-9 Cr | Jun 2025 ₹-8 Cr | Sep 2025 ₹-13 Cr | Dec 2025 ₹-13 Cr | Mar 2026 ₹-9 Cr | Jun 2026 —
- SBMT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 ₹-2 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹-6 Cr | Jun 2025 ₹-2 Cr | Sep 2025 ₹-1 Cr | Dec 2025 ₹-1 Cr | Mar 2026 ₹-3 Cr | Jun 2026 —
- PLG: Sep 2021 ₹-4 Cr | Dec 2021 ₹-3 Cr | Mar 2022 ₹-3 Cr | Jun 2022 ₹-1 Cr | Sep 2022 ₹-1 Cr | Dec 2022 ₹-2 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹-2 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹-1 Cr | Jun 2024 ₹-2 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹-2 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹-1 Cr | Sep 2025 ₹-1 Cr | Dec 2025 ₹-2 Cr | Mar 2026 ₹-2 Cr | Jun 2026 —
- GORO: Sep 2021 ₹2 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹4 Cr | Jun 2022 ₹3 Cr | Sep 2022 ₹-10 Cr | Dec 2022 ₹-3 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹-5 Cr | Sep 2023 ₹-7 Cr | Dec 2023 ₹-3 Cr | Mar 2024 ₹-6 Cr | Jun 2024 ₹-27 Cr | Sep 2024 ₹-13 Cr | Dec 2024 ₹-11 Cr | Mar 2025 ₹-8 Cr | Jun 2025 ₹-11 Cr | Sep 2025 ₹-5 Cr | Dec 2025 ₹18 Cr | Mar 2026 ₹5 Cr | Jun 2026 —

### 20-quarter Profit growth history
- HL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -533% | Sep 2022 — | Dec 2022 -200% | Mar 2023 -25% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -300% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 107% | Sep 2025 4,950% | Dec 2025 1,017% | Mar 2026 -166% | Jun 2026 —
- BVN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -233% | Sep 2022 — | Dec 2022 -28% | Mar 2023 -47% | Jun 2023 — | Sep 2023 — | Dec 2023 -105% | Mar 2024 -6.9% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 119% | Jun 2025 36% | Sep 2025 -27% | Dec 2025 1,270% | Mar 2026 142% | Jun 2026 —
- TFPM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -39% | Sep 2022 220% | Dec 2022 15% | Mar 2023 6.3% | Jun 2023 45% | Sep 2023 -181% | Dec 2023 -20% | Mar 2024 0.0% | Jun 2024 -794% | Sep 2024 — | Dec 2024 242% | Mar 2025 171% | Jun 2025 — | Sep 2025 107% | Dec 2025 88% | Mar 2026 154% | Jun 2026 —
- MUX: 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 -106% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ELE: 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 0.0% | Dec 2025 — | Mar 2026 -67% | Jun 2026 —
- VMET: 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 -100% | Sep 2025 -25% | Dec 2025 — | Mar 2026 600% | Jun 2026 —
- ASM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 -67% | Mar 2023 -100% | Jun 2023 -50% | Sep 2023 — | Dec 2023 0.0% | Mar 2024 — | Jun 2024 0.0% | Sep 2024 — | Dec 2024 400% | Mar 2025 500% | Jun 2025 200% | Sep 2025 700% | Dec 2025 100% | Mar 2026 167% | Jun 2026 —
- ITRG: 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 -160% | Mar 2026 1,200% | Jun 2026 —
- VOXR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -100% | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 -100% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- LODE: 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 -207% | Dec 2024 -388% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- GORO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 200% | Sep 2022 -600% | Dec 2022 -200% | Mar 2023 -125% | Jun 2023 -267% | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Return On Capital Employed

What the numbers say: Gold Resource Corporation leads ROCE at 9.6%, 0.5 percentage points above Avino Silver & Gold Mines Ltd.. Solaris Resources Inc. has the strongest latest improvement at +27.1 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.

Investor read: Gold Resource 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.

Evidence: Gold Resource Corporation · 9.6% | 5.5% versus #2 · Avino Silver & Gold Mines Ltd. | 5/8 recent comparable periods | 17/17 companies · 299 observations

Definition: 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.

### ROCE — highest
1. Gold Resource Corporation (GORO): 9.6%
2. Avino Silver & Gold Mines Ltd. (ASM): 9.1%
3. Vox Royalty Corp. (VOXR): 7.6%
4. Versamet Royalties Corporation (VMET): 6.8%
5. Hecla Mining Company (HL): 6.3%

### ROCE change — fastest improvers
1. Solaris Resources Inc. (SLSR): +27.1 pp
2. Gold Resource Corporation (GORO): +11.9 pp
3. Vox Royalty Corp. (VOXR): +7.4 pp
4. Hecla Mining Company (HL): +5.7 pp
5. Perpetua Resources Corp. (PPTA): +4.6 pp

### 20-quarter ROCE history
- HL: Sep 2021 -0.3% | Dec 2021 0.9% | Mar 2022 0.6% | Jun 2022 0.3% | Sep 2022 -1.0% | Dec 2022 -0.4% | Mar 2023 0.2% | Jun 2023 0.2% | Sep 2023 -0.5% | Dec 2023 -1.5% | Mar 2024 0.2% | Jun 2024 1.5% | Sep 2024 0.8% | Dec 2024 1.4% | Mar 2025 0.6% | Jun 2025 3.2% | Sep 2025 5.1% | Dec 2025 7.2% | Mar 2026 6.3% | Jun 2026 —
- BVN: Sep 2021 -0.4% | Dec 2021 -1.3% | Mar 2022 0.8% | Jun 2022 -1.7% | Sep 2022 -0.5% | Dec 2022 0.3% | Mar 2023 0.3% | Jun 2023 -0.5% | Sep 2023 -0.7% | Dec 2023 1.5% | Mar 2024 1.1% | Jun 2024 1.6% | Sep 2024 6.6% | Dec 2024 1.1% | Mar 2025 2.1% | Jun 2025 1.8% | Sep 2025 3.2% | Dec 2025 5.9% | Mar 2026 6.3% | Jun 2026 4.0%
- TFPM: Sep 2021 1.2% | Dec 2021 1.2% | Mar 2022 1.3% | Jun 2022 1.3% | Sep 2022 1.2% | Dec 2022 1.2% | Mar 2023 1.0% | Jun 2023 1.3% | Sep 2023 -0.5% | Dec 2023 0.8% | Mar 2024 1.1% | Jun 2024 -6.1% | Sep 2024 1.7% | Dec 2024 2.3% | Mar 2025 2.4% | Jun 2025 3.1% | Sep 2025 3.0% | Dec 2025 3.4% | Mar 2026 5.0% | Jun 2026 —
- PPTA: Sep 2021 -6.2% | Dec 2021 -9.8% | Mar 2022 -6.3% | Jun 2022 -7.0% | Sep 2022 -5.3% | Dec 2022 -10% | Mar 2023 -8.3% | Jun 2023 -13% | Sep 2023 -11% | Dec 2023 -13% | Mar 2024 -10% | Jun 2024 -16% | Sep 2024 -21% | Dec 2024 -16% | Mar 2025 -17% | Jun 2025 -4.0% | Sep 2025 -11% | Dec 2025 -14% | Mar 2026 -12% | Jun 2026 —
- SLSR: Sep 2021 -34% | Dec 2021 -29% | Mar 2022 -30% | Jun 2022 -28% | Sep 2022 -32% | Dec 2022 -37% | Mar 2023 -34% | Jun 2023 -28% | Sep 2023 -36% | Dec 2023 -22% | Mar 2024 -29% | Jun 2024 -33% | Sep 2024 -44% | Dec 2024 -46% | Mar 2025 -38% | Jun 2025 -6.8% | Sep 2025 -16% | Dec 2025 -20% | Mar 2026 -11% | Jun 2026 —
- MUX: Sep 2021 -12% | Dec 2021 -12% | Mar 2022 -14% | Jun 2022 -16% | Sep 2022 -16% | Dec 2022 -22% | Mar 2023 -20% | Jun 2023 -26% | Sep 2023 -28% | Dec 2023 -17% | Mar 2024 -12% | Jun 2024 -5.0% | Sep 2024 -0.1% | Dec 2024 -2.0% | Mar 2025 -1.0% | Jun 2025 -0.7% | Sep 2025 -2.3% | Dec 2025 -1.7% | Mar 2026 -0.3% | Jun 2026 —
- ELE: Sep 2021 0.6% | Dec 2021 -0.8% | Mar 2022 -0.3% | Jun 2022 -1.7% | Sep 2022 -1.4% | Dec 2022 -8.0% | Mar 2023 -0.8% | Jun 2023 -0.7% | Sep 2023 -0.5% | Dec 2023 1.6% | Mar 2024 -0.1% | Jun 2024 0.4% | Sep 2024 0.6% | Dec 2024 0.3% | Mar 2025 2.3% | Jun 2025 0.8% | Sep 2025 0.7% | Dec 2025 -0.4% | Mar 2026 1.2% | Jun 2026 —
- VMET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.0% | Mar 2023 0.0% | Jun 2023 — | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 — | Sep 2024 3.4% | Dec 2024 0.8% | Mar 2025 2.8% | Jun 2025 3.5% | Sep 2025 2.0% | Dec 2025 9.5% | Mar 2026 6.8% | Jun 2026 —
- ASM: Sep 2021 -0.4% | Dec 2021 4.8% | Mar 2022 3.8% | Jun 2022 1.8% | Sep 2022 0.6% | Dec 2022 2.4% | Mar 2023 0.3% | Jun 2023 -1.3% | Sep 2023 0.4% | Dec 2023 0.4% | Mar 2024 0.6% | Jun 2024 2.0% | Sep 2024 3.2% | Dec 2024 6.7% | Mar 2025 6.2% | Jun 2025 5.0% | Sep 2025 4.4% | Dec 2025 7.5% | Mar 2026 9.1% | Jun 2026 —
- MTA: Sep 2021 -2.1% | Dec 2021 -3.6% | Mar 2022 -1.9% | Jun 2022 -1.3% | Sep 2022 -2.7% | Dec 2022 -3.2% | Mar 2023 -1.0% | Jun 2023 -2.2% | Sep 2023 -1.6% | Dec 2023 -0.8% | Mar 2024 -0.7% | Jun 2024 -0.6% | Sep 2024 -0.4% | Dec 2024 -0.4% | Mar 2025 -0.1% | Jun 2025 0.1% | Sep 2025 0.6% | Dec 2025 -0.6% | Mar 2026 0.1% | Jun 2026 —
- ITRG: Sep 2021 -12% | Dec 2021 -8.7% | Mar 2022 -8.6% | Jun 2022 -8.0% | Sep 2022 -6.3% | Dec 2022 -9.2% | Mar 2023 -14% | Jun 2023 -11% | Sep 2023 -14% | Dec 2023 -9.3% | Mar 2024 -7.1% | Jun 2024 -8.3% | Sep 2024 -10% | Dec 2024 3.5% | Mar 2025 8.4% | Jun 2025 14% | Sep 2025 16% | Dec 2025 7.3% | Mar 2026 6.0% | Jun 2026 —
- GMTL: Sep 2021 — | Dec 2021 — | Mar 2022 -5.4% | Jun 2022 -5.4% | Sep 2022 -1.2% | Dec 2022 -1.2% | Mar 2023 -4.7% | Jun 2023 -4.7% | Sep 2023 -3.6% | Dec 2023 -3.6% | Mar 2024 -3.9% | Jun 2024 -3.9% | Sep 2024 -4.2% | Dec 2024 -4.2% | Mar 2025 -5.8% | Jun 2025 -5.8% | Sep 2025 -9.7% | Dec 2025 -9.7% | Mar 2026 — | Jun 2026 —
- VOXR: Sep 2021 -2.3% | Dec 2021 -7.8% | Mar 2022 -1.1% | Jun 2022 -0.1% | Sep 2022 2.4% | Dec 2022 0.0% | Mar 2023 3.0% | Jun 2023 -1.2% | Sep 2023 4.4% | Dec 2023 -1.3% | Mar 2024 1.4% | Jun 2024 0.4% | Sep 2024 0.6% | Dec 2024 0.0% | Mar 2025 0.2% | Jun 2025 -0.3% | Sep 2025 1.0% | Dec 2025 1.0% | Mar 2026 7.6% | Jun 2026 —
- LODE: Sep 2021 -2.4% | Dec 2021 -4.8% | Mar 2022 -5.4% | Jun 2022 -7.2% | Sep 2022 -3.1% | Dec 2022 -5.3% | Mar 2023 -6.5% | Jun 2023 -8.0% | Sep 2023 3.2% | Dec 2023 -1.0% | Mar 2024 -6.0% | Jun 2024 -7.3% | Sep 2024 -16% | Dec 2024 -18% | Mar 2025 -7.3% | Jun 2025 -6.8% | Sep 2025 -8.0% | Dec 2025 -11% | Mar 2026 -5.9% | Jun 2026 —
- SBMT: 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 -18% | Mar 2025 — | Jun 2025 -23% | Sep 2025 -24% | Dec 2025 -20% | Mar 2026 -14% | Jun 2026 —
- PLG: Sep 2021 -13% | Dec 2021 -5.9% | Mar 2022 -3.7% | Jun 2022 -2.4% | Sep 2022 -2.9% | Dec 2022 -4.4% | Mar 2023 -2.7% | Jun 2023 -2.6% | Sep 2023 -3.3% | Dec 2023 -3.3% | Mar 2024 -1.9% | Jun 2024 -3.6% | Sep 2024 -1.3% | Dec 2024 -3.8% | Mar 2025 -0.9% | Jun 2025 -2.3% | Sep 2025 -2.2% | Dec 2025 -3.4% | Mar 2026 -3.2% | Jun 2026 —
- GORO: Sep 2021 2.8% | Dec 2021 4.3% | Mar 2022 7.2% | Jun 2022 4.6% | Sep 2022 -6.6% | Dec 2022 -0.6% | Mar 2023 0.2% | Jun 2023 -3.2% | Sep 2023 -4.5% | Dec 2023 -2.7% | Mar 2024 -2.5% | Jun 2024 -3.0% | Sep 2024 -7.1% | Dec 2024 -4.8% | Mar 2025 -2.3% | Jun 2025 -4.3% | Sep 2025 2.5% | Dec 2025 17% | Mar 2026 9.6% | Jun 2026 —

### 20-quarter ROCE change history
- HL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 −1.3 pp | Mar 2023 −0.4 pp | Jun 2023 −0.1 pp | Sep 2023 +0.5 pp | Dec 2023 −1.1 pp | Mar 2024 0.0 pp | Jun 2024 +1.3 pp | Sep 2024 +1.3 pp | Dec 2024 +2.9 pp | Mar 2025 +0.4 pp | Jun 2025 +1.7 pp | Sep 2025 +4.3 pp | Dec 2025 +5.8 pp | Mar 2026 +5.7 pp | Jun 2026 —
- BVN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 +1.6 pp | Mar 2023 −0.5 pp | Jun 2023 +1.2 pp | Sep 2023 −0.2 pp | Dec 2023 +1.2 pp | Mar 2024 +0.8 pp | Jun 2024 +2.1 pp | Sep 2024 +7.3 pp | Dec 2024 −0.4 pp | Mar 2025 +1.0 pp | Jun 2025 +0.2 pp | Sep 2025 −3.4 pp | Dec 2025 +4.8 pp | Mar 2026 +4.2 pp | Jun 2026 +2.2 pp
- TFPM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 0.0 pp | Mar 2023 −0.3 pp | Jun 2023 0.0 pp | Sep 2023 −1.7 pp | Dec 2023 −0.4 pp | Mar 2024 +0.1 pp | Jun 2024 −7.4 pp | Sep 2024 +2.2 pp | Dec 2024 +1.5 pp | Mar 2025 +1.3 pp | Jun 2025 +9.2 pp | Sep 2025 +1.3 pp | Dec 2025 +1.1 pp | Mar 2026 +2.6 pp | Jun 2026 —
- PPTA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.9 pp | Dec 2022 −0.6 pp | Mar 2023 −2.0 pp | Jun 2023 −5.9 pp | Sep 2023 −5.6 pp | Dec 2023 −2.8 pp | Mar 2024 −2.1 pp | Jun 2024 −3.1 pp | Sep 2024 −10.0 pp | Dec 2024 −3.2 pp | Mar 2025 −6.4 pp | Jun 2025 +12.0 pp | Sep 2025 +9.9 pp | Dec 2025 +2.5 pp | Mar 2026 +4.6 pp | Jun 2026 —
- SLSR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.3 pp | Dec 2022 −7.9 pp | Mar 2023 −4.2 pp | Jun 2023 +0.4 pp | Sep 2023 −3.1 pp | Dec 2023 +14.5 pp | Mar 2024 +5.3 pp | Jun 2024 −5.5 pp | Sep 2024 −8.9 pp | Dec 2024 −23.9 pp | Mar 2025 −9.0 pp | Jun 2025 +26.2 pp | Sep 2025 +28.3 pp | Dec 2025 +26.4 pp | Mar 2026 +27.1 pp | Jun 2026 —
- MUX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.8 pp | Dec 2022 −10.1 pp | Mar 2023 −5.9 pp | Jun 2023 −9.4 pp | Sep 2023 −12.3 pp | Dec 2023 +5.5 pp | Mar 2024 +7.8 pp | Jun 2024 +20.5 pp | Sep 2024 +28.3 pp | Dec 2024 +14.6 pp | Mar 2025 +10.7 pp | Jun 2025 +4.3 pp | Sep 2025 −2.2 pp | Dec 2025 +0.3 pp | Mar 2026 +0.7 pp | Jun 2026 —
- ELE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.0 pp | Dec 2022 −7.2 pp | Mar 2023 −0.5 pp | Jun 2023 +1.0 pp | Sep 2023 +0.9 pp | Dec 2023 +9.6 pp | Mar 2024 +0.7 pp | Jun 2024 +1.1 pp | Sep 2024 +1.1 pp | Dec 2024 −1.3 pp | Mar 2025 +2.4 pp | Jun 2025 +0.4 pp | Sep 2025 +0.1 pp | Dec 2025 −0.7 pp | Mar 2026 −1.1 pp | Jun 2026 —
- VMET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.0 pp | Mar 2024 — | Jun 2024 — | Sep 2024 +3.4 pp | Dec 2024 +0.8 pp | Mar 2025 — | Jun 2025 — | Sep 2025 −1.4 pp | Dec 2025 +8.7 pp | Mar 2026 +4.0 pp | Jun 2026 —
- ASM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.0 pp | Dec 2022 −2.4 pp | Mar 2023 −3.5 pp | Jun 2023 −3.1 pp | Sep 2023 −0.2 pp | Dec 2023 −2.0 pp | Mar 2024 +0.3 pp | Jun 2024 +3.3 pp | Sep 2024 +2.8 pp | Dec 2024 +6.3 pp | Mar 2025 +5.6 pp | Jun 2025 +3.0 pp | Sep 2025 +1.2 pp | Dec 2025 +0.8 pp | Mar 2026 +2.9 pp | Jun 2026 —
- MTA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 +0.4 pp | Mar 2023 +0.9 pp | Jun 2023 −0.9 pp | Sep 2023 +1.1 pp | Dec 2023 +2.4 pp | Mar 2024 +0.3 pp | Jun 2024 +1.6 pp | Sep 2024 +1.2 pp | Dec 2024 +0.4 pp | Mar 2025 +0.6 pp | Jun 2025 +0.7 pp | Sep 2025 +1.0 pp | Dec 2025 −0.2 pp | Mar 2026 +0.2 pp | Jun 2026 —
- ITRG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +5.7 pp | Dec 2022 −0.5 pp | Mar 2023 −5.1 pp | Jun 2023 −2.9 pp | Sep 2023 −7.6 pp | Dec 2023 −0.1 pp | Mar 2024 +6.6 pp | Jun 2024 +2.6 pp | Sep 2024 +3.7 pp | Dec 2024 +12.8 pp | Mar 2025 +15.5 pp | Jun 2025 +21.9 pp | Sep 2025 +26.6 pp | Dec 2025 +3.8 pp | Mar 2026 −2.4 pp | Jun 2026 —
- GMTL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 +0.7 pp | Jun 2023 +0.7 pp | Sep 2023 −2.4 pp | Dec 2023 −2.4 pp | Mar 2024 +0.8 pp | Jun 2024 +0.8 pp | Sep 2024 −0.6 pp | Dec 2024 −0.6 pp | Mar 2025 −1.9 pp | Jun 2025 −1.9 pp | Sep 2025 −5.5 pp | Dec 2025 −5.5 pp | Mar 2026 — | Jun 2026 —
- VOXR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +4.7 pp | Dec 2022 +7.8 pp | Mar 2023 +4.1 pp | Jun 2023 −1.1 pp | Sep 2023 +2.0 pp | Dec 2023 −1.3 pp | Mar 2024 −1.6 pp | Jun 2024 +1.6 pp | Sep 2024 −3.8 pp | Dec 2024 +1.3 pp | Mar 2025 −1.2 pp | Jun 2025 −0.7 pp | Sep 2025 +0.4 pp | Dec 2025 +1.0 pp | Mar 2026 +7.4 pp | Jun 2026 —
- LODE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 −0.5 pp | Mar 2023 −1.1 pp | Jun 2023 −0.8 pp | Sep 2023 +6.3 pp | Dec 2023 +4.3 pp | Mar 2024 +0.5 pp | Jun 2024 +0.7 pp | Sep 2024 −18.8 pp | Dec 2024 −17.1 pp | Mar 2025 −1.3 pp | Jun 2025 +0.5 pp | Sep 2025 +7.6 pp | Dec 2025 +7.2 pp | Mar 2026 +1.4 pp | Jun 2026 —
- SBMT: 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 −2.1 pp | Mar 2026 — | Jun 2026 —
- PLG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +10.3 pp | Dec 2022 +1.5 pp | Mar 2023 +1.0 pp | Jun 2023 −0.2 pp | Sep 2023 −0.4 pp | Dec 2023 +1.1 pp | Mar 2024 +0.8 pp | Jun 2024 −1.0 pp | Sep 2024 +2.0 pp | Dec 2024 −0.5 pp | Mar 2025 +1.0 pp | Jun 2025 +1.3 pp | Sep 2025 −0.9 pp | Dec 2025 +0.4 pp | Mar 2026 −2.3 pp | Jun 2026 —
- GORO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −9.4 pp | Dec 2022 −4.9 pp | Mar 2023 −7.0 pp | Jun 2023 −7.8 pp | Sep 2023 +2.1 pp | Dec 2023 −2.1 pp | Mar 2024 −2.7 pp | Jun 2024 +0.2 pp | Sep 2024 −2.6 pp | Dec 2024 −2.1 pp | Mar 2025 +0.2 pp | Jun 2025 −1.3 pp | Sep 2025 +9.6 pp | Dec 2025 +21.4 pp | Mar 2026 +11.9 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Triple Flag Precious Metals Corp. has the lowest comparable PEG at 1.9×. Only 1 of 17 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

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.

Evidence: Triple Flag Precious Metals Corp. · 1.9× | Not enough peers | 0/8 recent comparable periods | 1/17 companies · 3 observations

Definition: 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. Triple Flag Precious Metals Corp. (TFPM): 1.9

### P/E — lowest P/E
1. Comstock Inc. (LODE): 1.4
2. Compañía de Minas Buenaventura S.A.A. (BVN): 6.6
3. Vox Royalty Corp. (VOXR): 12.5
4. Platinum Group Metals Ltd. (PLG): 12.6
5. McEwen Inc. (MUX): 16.4

### 20-quarter PEG history
- BVN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 8.0 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 0.7 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- TFPM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.9 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- HL: Sep 2021 100.0 | Dec 2021 87.0 | Mar 2022 156.4 | Jun 2022 1,960.0 | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 81.8 | Mar 2025 50.0 | Jun 2025 38.0 | Sep 2025 39.0 | Dec 2025 39.2 | Mar 2026 45.4 | Jun 2026 —
- BVN: Sep 2021 — | Dec 2021 — | Mar 2022 7.9 | Jun 2022 6.7 | Sep 2022 5.3 | Dec 2022 3.1 | Mar 2023 34.1 | Jun 2023 21.0 | Sep 2023 26.6 | Dec 2023 190.5 | Mar 2024 264.7 | Jun 2024 45.8 | Sep 2024 9.8 | Dec 2024 7.3 | Mar 2025 8.3 | Jun 2025 8.3 | Sep 2025 14.3 | Dec 2025 9.0 | Mar 2026 9.4 | Jun 2026 6.6
- TFPM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 37.2 | Dec 2022 39.3 | Mar 2023 44.0 | Jun 2023 39.4 | Sep 2023 54.5 | Dec 2023 73.9 | Mar 2024 76.1 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 638.3 | Jun 2025 27.6 | Sep 2025 29.0 | Dec 2025 28.2 | Mar 2026 23.0 | Jun 2026 —
- PPTA: Sep 2021 — | Dec 2021 7.2 | Mar 2022 6.2 | Jun 2022 6.9 | Sep 2022 4.4 | Dec 2022 6.3 | Mar 2023 20.2 | Jun 2023 15.3 | Sep 2023 17.2 | Dec 2023 10.5 | Mar 2024 15.4 | Jun 2024 24.7 | Sep 2024 42.7 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SLSR: Sep 2021 17.4 | Dec 2021 25.3 | Mar 2022 17.5 | Jun 2022 9.8 | Sep 2022 7.1 | Dec 2022 9.1 | Mar 2023 10.1 | Jun 2023 11.2 | Sep 2023 11.4 | Dec 2023 10.7 | Mar 2024 13.1 | Jun 2024 8.5 | Sep 2024 6.5 | Dec 2024 6.3 | Mar 2025 6.6 | Jun 2025 11.2 | Sep 2025 18.2 | Dec 2025 30.8 | Mar 2026 45.5 | Jun 2026 —
- MUX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 6.4 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -38.3 | Sep 2025 — | Dec 2025 29.4 | Mar 2026 16.4 | Jun 2026 —
- ELE: 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 89.0 | Dec 2024 — | Mar 2025 77.6 | Jun 2025 114.7 | Sep 2025 100.1 | Dec 2025 282.8 | Mar 2026 — | Jun 2026 —
- VMET: 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 2026 30.6 | Jun 2026 —
- ASM: Sep 2021 — | Dec 2021 — | Mar 2022 94.4 | Jun 2022 8.9 | Sep 2022 10.1 | Dec 2022 22.6 | Mar 2023 44.7 | Jun 2023 64.2 | Sep 2023 51.5 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 54.7 | Dec 2024 14.6 | Mar 2025 20.5 | Jun 2025 36.0 | Sep 2025 37.5 | Dec 2025 36.6 | Mar 2026 28.9 | Jun 2026 —
- ITRG: 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 25.2 | Sep 2025 32.4 | Dec 2025 — | Mar 2026 68.3 | Jun 2026 —
- VOXR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 233.0 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 206.0 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 47.4 | Mar 2026 12.5 | Jun 2026 —
- LODE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 3.9 | Mar 2024 2.8 | Jun 2024 1.4 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- PLG: Sep 2021 14.9 | Dec 2021 11.3 | Mar 2022 12.5 | Jun 2022 12.6 | 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 2026 — | Jun 2026 —
- GORO: Sep 2021 12.1 | Dec 2021 14.2 | Mar 2022 20.4 | Jun 2022 13.6 | 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 2026 24.0 | Jun 2026 —


## What can make this comparison misleading?
- 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.
- Thin comparisons: Valuation have fewer than three usable current readings.

## Every company
- Hecla Mining Company (HL) — market value ₹10.3K Cr; latest fundamentals Mar 2026
- Compañía de Minas Buenaventura S.A.A. (BVN) — market value ₹8.2K Cr; latest fundamentals Jun 2026
- Triple Flag Precious Metals Corp. (TFPM) — market value ₹6.2K Cr; latest fundamentals Mar 2026
- Perpetua Resources Corp. (PPTA) — market value ₹2.6K Cr; latest fundamentals Mar 2026
- Solaris Resources Inc. (SLSR) — market value ₹1.3K Cr; latest fundamentals Mar 2026
- McEwen Inc. (MUX) — market value ₹1.1K Cr; latest fundamentals Mar 2026
- Elemental Royalty Corporation (ELE) — market value ₹1.1K Cr; latest fundamentals Mar 2026
- Versamet Royalties Corporation (VMET) — market value ₹1.0K Cr; latest fundamentals Mar 2026
- Avino Silver & Gold Mines Ltd. (ASM) — market value ₹1.0K Cr; latest fundamentals Mar 2026
- Metalla Royalty & Streaming Ltd. (MTA) — market value ₹735 Cr; latest fundamentals Mar 2026
- Integra Resources Corp. (ITRG) — market value ₹447 Cr; latest fundamentals Mar 2026
- Guardian Metal Resources PLC (GMTL) — market value ₹380 Cr; latest fundamentals Dec 2025
- Vox Royalty Corp. (VOXR) — market value ₹315 Cr; latest fundamentals Mar 2026
- Comstock Inc. (LODE) — market value ₹242 Cr; latest fundamentals Mar 2026
- Silver Bow Mining Corp. (SBMT) — market value ₹191 Cr; latest fundamentals Mar 2026
- Platinum Group Metals Ltd. (PLG) — market value ₹176 Cr; latest fundamentals Mar 2026
- Gold Resource Corporation (GORO) — market value ₹163 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-04.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Other Precious Metals & Mining sector outperforming S&P 500?

Other Precious Metals & Mining has outperformed S&P 500 by 26.4% over 52 weeks and 20.3% over 13 weeks. 0 of 14 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 14 beat the sector itself.

### Which Other Precious Metals & Mining company is largest by revenue?

Hecla Mining Company leads with revenue of $1,573 million, based on 11 of 17 comparable companies through Mar 2026.

### Which Other Precious Metals & Mining company is growing fastest?

Elemental Royalty Corporation has the fastest current revenue growth at 100%, across 10 of 17 comparable companies.

### Which Other Precious Metals & Mining company has the strongest 4-Factor Sector Score?

Gold Resource Corporation ranks first at 64.6/100 with 57.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Other Precious Metals & Mining company has the lowest comparable PEG?

Triple Flag Precious Metals Corp. has the lowest comparable PEG at 1.9, among 1 of 17 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this Other Precious Metals & Mining comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

### Which Other Precious Metals & Mining company is the biggest?

Hecla Mining Company is the largest, with trailing-twelve-month revenue of $1,573 million, ahead of Triple Flag Precious Metals Corp. at $453 million. That covers 11 of 17 companies with comparable reporting through Mar 2026.

### Which Other Precious Metals & Mining company has the best profit margins?

Versamet Royalties Corporation has the highest operating margin at 90.6%, from 11 of 17 comparable companies. Gold Resource Corporation shows the biggest recent improvement, at +62.3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Other Precious Metals & Mining company makes the most profit?

Triple Flag Precious Metals Corp. earns the most, at $312 million of trailing-twelve-month net profit, from 15 of 17 comparable companies. Avino Silver & Gold Mines Ltd. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Other Precious Metals & Mining company earns the highest return on capital?

Gold Resource Corporation leads on return on capital employed at 9.6%, across 17 of 17 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 Other Precious Metals & Mining stock is the cheapest?

On PEG — where a LOWER number is cheaper — Triple Flag Precious Metals Corp. screens cheapest at 1.9×. Only 1 of 17 companies have earnings and growth steady enough for the ratio to mean anything, 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.

### Is the Other Precious Metals & Mining sector beating the market?

Other Precious Metals & Mining has outperformed S&P 500 by 26.4% over the last 52 weeks and 20.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 14 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Other Precious Metals & Mining stock has the strongest price momentum?

Metalla Royalty & Streaming Ltd. 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 Other Precious Metals & Mining company scores highest for research priority?

Gold Resource Corporation scores 64.6 out of 100 with 57.6% evidence confidence, from 26 points on growth and earnings, 14.9 on capital efficiency, 10.1 on valuation and 13.6 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 Other Precious Metals & Mining companies does this comparison cover, and over what period?

It compares 17 listed companies over up to 20 reported quarters of fundamentals, 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 Other Precious Metals & Mining sector?

The 17 Other Precious Metals & Mining companies on this page carry $35,489 million of combined market value. Hecla Mining Company is the largest at $10,322 million, about 29% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

### What is the Other Precious Metals & Mining sector's P/E ratio?

The median price-to-earnings ratio across the 17 Other Precious Metals & Mining companies on this page is 28.9×, measured on the 14 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 2026-08-04.

### How is the Other Precious Metals & Mining sector performing?

0 of the 14 covered Other Precious Metals & Mining companies are beating S&P 500 on Mansfield relative strength. The sector itself is 26.4% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

### How many Other Precious Metals & Mining stocks are listed in the US?

This comparison covers 17 listed Other Precious Metals & Mining 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.