undamentalytics Newsletter

Gold stocks

31 US-listed companies in gold, with $103.1bn of combined revenue in their latest fiscal years. Newmont is the largest ($22.7bn). The fastest grower with at least $100m of revenue in both years is Equinox Gold Corp., up 99.1%. The median company grew 53.7% with a net margin of 29.4%.

Companies31
Combined revenue$103.1bn
Median revenue growth53.7%
Median net margin29.4%
Median return on equity18.5%
#CompanyRevenueGrowthNet marginROEFiscal year
1 NewmontNEM $22.7bn 21.3% 31.3% 22.2% 2025
2 Barrick Mining CorpB $17.0bn 31.2% 29.4% 19.6% 2025
3 Agnico Eagle Mines LTDAEM $11.9bn 43.7% 37.5% 19.6% 2025
4 Anglogold Ashanti PLCAU $9.9bn 70.8% 32.1% 43.1% 2025
5 Gold Fields LTDGFI $8.8bn 68.2% 40.8% 52.3% 2025
6 Harmony Gold Mining Co LTDHMY $5.9bn 44.4% 29.6% 48.1% 2026
7 PAN American Silver CorpPAAS $3.6bn 28.4% 27.1% 16.8% 2025
8 Iamgold CorpIAG $2.9bn 74.7% 25.7% 19.5% 2025
9 Wheaton Precious Metals Corp.WPM $2.3bn 80.2% 63.6% 18.5% 2025
10 Coeur Mining, Inc.CDE $2.1bn 96.4% 28.3% 26.4% 2025
11 Franco Nevada CorpFNV $1.8bn 63.7% 61.0% 16.3% 2025
12 Eldorado Gold CorpEGO $1.8bn 37.5% 27.9% 12.4% 2025
13 Equinox Gold Corp.EQX $1.8bn 99.1% 12.2% 4.8% 2025
14 Alamos Gold IncAGI $1.8bn 34.3% 49.0% 22.1% 2025
15 SSR Mining Inc.SSRM $1.6bn 63.7% 24.3% 12.0% 2025
16 Allied Gold CorpAAUC $1.3bn 82.3% −3.9% −13.8% 2025
17 Royal Gold IncRGLD $1.0bn 43.2% 45.2% 9.1% 2025
18 Fortuna Mining Corp.FSM $947m 39.8% 30.4% 18.7% 2025
19 Aris Mining CorpARIS $928m 81.7% 8.4% 7.0% 2025
20 Aura Minerals Inc.AUGO $922m 55.1% −8.6% −32.5% 2025
21 Drdgold LTDDRD $661m 52.3% 38.1% 39.4% 2026
22 Galiano Gold Inc.GAU $448m 93.6% −6.5% −12.7% 2025
23 OR Royalties Inc.OR $277m 45.1% 74.3% 15.7% 2025
24 Caledonia Mining Corp plcCMCL $268m 46.2% 20.6% 23.4% 2025
25 Integra Resources Corp.ITRG $244m 703.7% −0.9% −1.4% 2025
26 Namib MineralsNAMM $83m −3.8% 122.5% — 2025
27 TRX Gold CorpTRX $58m 40.0% 1.2% 1.2% 2025
28 Elemental Royalty CorpELE $44m 167.4% 4.1% 0.4% 2025
29 Idaho Strategic Resources, Inc.IDR $42m 64.6% 39.4% 22.9% 2025
30 Gold Royalty Corp.GROY $16m 54.5% −26.5% −0.7% 2025
31 New Found Gold Corp.NFGC $4m — −819.2% −11.1% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.