RANKINGS

Highest Gross Margin — Mining

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

39 companies with Gross Margin data.

Ranked by Gross Margin(39)

#	Ticker	Name	Industry	Market Cap	Gross Margin
1	GROY	Gold Royalty Corp. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$769M	76.4%
2	WPM	WHEATON PRECIOUS METALS CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$69.6B	72.2%
3	AEM	AGNICO EAGLE MINES LIMITED FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$104.4B	71.9%
4	ELE	ELEMENTAL ROYALTY CORPORATION FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$1.4B	62.6%
5	ODV	Osisko Development Corp. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$692M	60.9%
6	AG	FIRST MAJESTIC SILVER CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$10.2B	56.8%
7	AGI	ALAMOS GOLD INC. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$15.4B	55.2%
8	ASM	Avino Silver & Gold Mines Ltd. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$1.3B	52.6%
9	LGO	Largo Inc. FY · 2025-12-31 Analysis WACC DCF	Nonmetallic Mining	$75M	52.2%
10	B	BARRICK MINING CORP FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$75.1B	51.3%
11	LZM	Lifezone Metals Limited FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$390M	49.5%
12	FSM	FORTUNA MINING CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$3.6B	49.3%
13	EGO	ELDORADO GOLD CORP /FI FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$11.9B	48.5%
14	GFI	Gold Fields Limited FY · 2024-12-31 Analysis WACC DCF	Metal Mining	$40.9B	45.3%
15	IAG	IAMGOLD Corporation FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$11.8B	42.3%
16	CMCL	Caledonia Mining Corp Plc FY · 2024-12-31 Analysis WACC DCF	Metal Mining	$496M	42.1%
17	TRX	TRX GOLD Corporation FY · 2025-08-31 Analysis WACC DCF	Metal Mining	$377M	41.5%
18	NAMM	Namib Minerals FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$79M	41.4%
19	DRD	DRDGOLD LIMITED FY · 2025-06-30 Analysis WACC DCF	Metal Mining	$2.5B	39.7%
20	PAAS	Pan American Silver Corp. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$21.9B	38.8%
21	EQX	EQUINOX GOLD CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$15.2B	35.4%
22	VALE	VALE S.A. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$64.0B	35.0%
23	HBM	HUDBAY MINERALS INC. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$13.0B	33.6%
24	BVN	BUENAVENTURA MINING CO INC FY · 2024-12-31 Analysis WACC DCF	Metal Mining	$8.9B	31.1%
25	SQM	CHEMICAL & MINING CO OF CHILE INC FY · 2024-12-31 Analysis WACC DCF	Nonmetallic Mining	$22.5B	29.3%
26	USAS	AMERICAS GOLD AND SILVER CORPORATION FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$1.8B	28.0%
27	CCJ	CAMECO CORPORATION FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$43.6B	27.9%
28	GORO	GOLD RESOURCE CORP FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$492M	26.8%
29	CGAU	CENTERRA GOLD INC. FY · 2023-12-31 Analysis WACC DCF	Metal Mining	$4.6B	24.1%
30	TII	Titan Mining Corporation FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$303M	23.8%
31	NEXA	NEXA RESOURCES S.A. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$1.8B	23.7%
32	TGB	TASEKO MINES LIMITED FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$3.4B	22.0%
33	EXK	ENDEAVOUR SILVER CORP. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$3.2B	17.7%
34	GAU	GALIANO GOLD INC. FY · 2025-12-31 Analysis WACC DCF	Nonmetallic Mining	$599M	14.7%
35	ALM	Almonty Industries Inc. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$5.2B	7.3%
36	SBSW	Sibanye Stillwater Limited FY · 2024-12-31 Analysis WACC DCF	Metal Mining	$8.6B	6.2%
37	NFGC	New Found Gold Corp. FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$734M	2.0%
38	ABAT	AMERICAN BATTERY TECHNOLOGY COMPANY TTM · 2026-03-31 Analysis WACC DCF	Nonmetallic Mining	$351M	-42.7%
39	ATCX	ATLAS CRITICAL MINERALS CORPORATION FY · 2025-12-31 Analysis WACC DCF	Metal Mining	$18M	-64.3%