RANKINGS

Highest Gross Margin — Mining

Gross margin measures the percentage of revenue retained after cost of goods sold.

64 companies with Gross Margin data.

Ranked by Gross Margin(64)

#	Ticker	Name	Industry	Market Cap	Gross Margin
1	GROY	Gold Royalty Corp. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$672M	76.4%
2	WPM	WHEATON PRECIOUS METALS CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$61.8B	72.2%
3	AEM	AGNICO EAGLE MINES LIMITED FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$94.0B	71.9%
4	NEM	NEWMONT CORPORATION FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$121.8B	64.3%
5	SCCO	SOUTHERN COPPER CORP/ TTM · 2026-06-30 Analysis WACC DCF	Metal Mining	$175.1B	63.8%
6	ELE	ELEMENTAL ROYALTY CORPORATION FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$1.3B	62.6%
7	IDR	IDAHO STRATEGIC RESOURCES, INC FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$344M	61.8%
8	IE	Ivanhoe Electric Inc. TTM · 2026-06-30 Analysis WACC DCF	Metal Mining	$1.4B	58.7%
9	AG	FIRST MAJESTIC SILVER CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$8.1B	56.8%
10	AGI	ALAMOS GOLD INC. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$13.4B	55.2%
11	ASM	Avino Silver & Gold Mines Ltd. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$883M	52.6%
12	LGO	Largo Inc. FY · 2025-12-31 Analysis WACC DCF	Nonmetallic Mining	$52M	52.2%
13	B	BARRICK MINING CORP FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$66.7B	51.3%
14	FSM	FORTUNA MINING CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$3.1B	49.3%
15	EGO	ELDORADO GOLD CORP /FI FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$9.6B	48.5%
16	USLM	UNITED STATES LIME & MINERALS INC TTM · 2026-06-30 Analysis WACC DCF	Nonmetallic Mining	$3.1B	48.5%
17	ALOY	REALLOYS INC. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$466M	48.0%
18	UEC	URANIUM ENERGY CORP FY · 2026-07-31 Analysis WACC DCF	Metal Mining	$4.1B	45.4%
19	GFI	Gold Fields Limited FY · 2024-12-31 Analysis WACC DCF	Metal Mining	$32.4B	45.3%
20	HL	HECLA MINING COMPANY FY · 2025-12-31 Analysis WACC DCF	Nonmetallic Mining	$10.9B	43.7%
21	IAG	IAMGOLD Corporation FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$10.4B	42.3%
22	CMCL	Caledonia Mining Corp Plc FY · 2024-12-31 Analysis WACC DCF	Metal Mining	$459M	42.1%
23	TRX	TRX GOLD Corporation FY · 2025-08-31 Analysis WACC DCF	Metal Mining	$344M	41.5%
24	NAMM	Namib Minerals FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$60M	41.4%
25	DRD	DRDGOLD LIMITED FY · 2025-06-30 Analysis WACC DCF	Metal Mining	$2.1B	39.7%
26	PAAS	Pan American Silver Corp. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$18.5B	38.8%
27	EQX	EQUINOX GOLD CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$12.7B	35.4%
28	VALE	VALE S.A. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$56.9B	35.0%
29	HCC	Warrior Met Coal, Inc. TTM · 2026-06-30 Analysis WACC DCF	Coal Mining	$5.0B	32.1%
30	BVN	BUENAVENTURA MINING CO INC FY · 2024-12-31 Analysis WACC DCF	Metal Mining	$8.0B	31.1%
31	SQM	CHEMICAL & MINING CO OF CHILE INC FY · 2024-12-31 Analysis WACC DCF	Nonmetallic Mining	$17.9B	29.3%
32	MLM	MARTIN MARIETTA MATERIALS, INC. TTM · 2026-06-30 Analysis WACC DCF	Nonmetallic Mining	$33.5B	28.8%
33	CCJ	CAMECO CORPORATION FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$37.5B	27.9%
34	VMC	VULCAN MATERIALS COMPANY TTM · 2026-03-31 Analysis WACC DCF	Nonmetallic Mining	$31.6B	27.7%
35	GORO	GOLD RESOURCE CORP FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$570M	26.8%
36	FCX	Freeport-McMoRan Inc. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$104.0B	26.1%
37	IAUX	i-80 GOLD CORP. TTM · 2026-06-30 Analysis WACC DCF	Metal Mining	$1.3B	25.0%
38	CGAU	CENTERRA GOLD INC. FY · 2023-12-31 Analysis WACC DCF	Metal Mining	$4.3B	24.1%
39	MUX	McEWEN INC. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$1.0B	24.1%
40	TII	Titan Mining Corporation FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$202M	23.8%
41	LEU	Centrus Energy Corp. TTM · 2026-06-30 Analysis WACC DCF	Nonmetallic Mining	$2.7B	23.7%
42	EU	ENCORE ENERGY CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$177M	22.5%
43	TGB	TASEKO MINES LIMITED FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$3.1B	22.0%
44	MP	MP Materials Corp. / DE TTM · 2026-06-30 Analysis WACC DCF	Metal Mining	$7.6B	21.4%
45	UUUU	ENERGY FUELS INC. FY · 2025-12-31 Analysis WACC DCF	Nonmetallic Mining	$2.5B	20.9%
46	IPI	INTREPID POTASH, INC. FY · 2025-12-31 Analysis WACC DCF	Nonmetallic Mining	$445M	18.4%
47	KNF	Knife River Corporation TTM · 2026-06-30 Analysis WACC DCF	Nonmetallic Mining	$2.8B	17.8%
48	EXK	ENDEAVOUR SILVER CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$2.4B	17.7%
49	CNR	Core Natural Resources, Inc. TTM · 2026-06-30 Analysis WACC DCF	Coal Mining	$4.5B	17.3%
50	CMP	Compass Minerals International, Inc. TTM · 2026-06-30 Analysis WACC DCF	Nonmetallic Mining	$975M	17.2%
51	METC	Ramaco Resources, Inc. FY · 2025-12-31 Analysis WACC DCF	Coal Mining	$569M	15.5%
52	GAU	GALIANO GOLD INC. FY · 2025-12-31 Analysis WACC DCF	Nonmetallic Mining	$565M	14.7%
53	NC	NACCO INDUSTRIES, INC. FY · 2025-12-31 Analysis WACC DCF	Coal Mining	$266M	13.9%
54	SND	SMART SAND, INC. TTM · 2026-06-30 Analysis WACC DCF	Nonmetallic Mining	$227M	13.5%
55	USAR	USA Rare Earth, Inc. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$4.2B	11.9%
56	URG	UR-ENERGY INC. TTM · 2026-06-30 Analysis WACC DCF	Metal Mining	$354M	11.0%
57	AMR	ALPHA METALLURGICAL RESOURCES, INC. TTM · 2026-06-30 Analysis WACC DCF	Coal Mining	$2.3B	9.8%
58	ALM	Almonty Industries Inc. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$3.2B	7.3%
59	SBSW	Sibanye Stillwater Limited FY · 2024-12-31 Analysis WACC DCF	Metal Mining	$7.0B	6.2%
60	NFGC	New Found Gold Corp. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$580M	2.0%
61	CLF	CLEVELAND-CLIFFS INC. TTM · 2026-06-30 Analysis WACC DCF	Metal Mining	$7.3B	-1.1%
62	ABAT	AMERICAN BATTERY TECHNOLOGY COMPANY FY · 2026-06-30 Analysis WACC DCF	Nonmetallic Mining	$250M	-14.2%
63	ATLX	ATLAS LITHIUM CORPORATION FY · 2025-12-31 Analysis WACC DCF	Nonmetallic Mining	$62M	-49.0%
64	ATCX	ATLAS CRITICAL MINERALS CORPORATION FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$11M	-64.3%