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Gold & Precious Metals Stocks: Miners and Royalties List (2026)

Discover 53 companies in the gold & precious metals sector
Combined Market Cap $852.62 B
Companies 53
1-Year Change +55.80%
Avg. Affinity 4.2/5

About This List

This page tracks 53 stocks classified under the Gold & Precious Metals investment theme on StockTitan.

How Do We Pick the Stocks on This List?

Every company on this page earned its place through documented evidence, not press-release volume. The list is re-evaluated on a recurring basis against primary sources, including 10-K and 10-Q filings, earnings press releases, and company disclosures, to confirm what each business actually does in gold and precious metals today.

  • Evidence over announcements: a company is added only when its precious metals role is verifiable, either disclosed gold or silver revenue or a documented position in the precious metals supply chain, from mine production to royalty and streaming interests. Marketing language alone never qualifies.
  • A gold-washing screen: we scan press releases across the whole market, and companies that publish heavy gold and silver exploration language while reporting no precious metals production or revenue are excluded. This is what keeps the small-cap end of the list honest.
  • A transparent relevance score: each company carries an affinity score from 5 (precious metals are the core of the business or the company is a defining leader of the sector) down to 2 (peripheral exposure), so pure plays and diversified companies are never presented as equivalent.
  • Active pruning: companies leave the list when the case weakens, for example financial distress, a going-private transaction, or a divested precious metals business.
Sort Order Relevance + Market Cap
Prices Updated Sep 4, 2026
Review Quarterly
Type Data-Driven List
Theme relevance score: 5 core / pure-play 4 major 3 meaningful 2 peripheral 1 limited exposure

This is a data-driven stock list, not a ranking or investment recommendation. Inclusion does not imply endorsement.

Gold & Precious Metals stocks

1-Year Combined Market Cap

Total market capitalization of all Gold & Precious Metals stocks

1Y Change +55.80%

Sector Leaders

1
Price $130.43
Change +4.21%
Market Cap: $137.43 B (16.12% of sector)

Why It's Relevant

Affinity
5/5

Newmont is the largest gold producer by output, operating mines across North and South America, Australia, and Africa following its acquisitions of Goldcorp and Newcrest. It also produces copper, silver, zinc, and lead as byproducts. As the senior gold miner, its results track gold prices and operating costs closely.

2
Price $207.13
Change +5.32%
Market Cap: $104.88 B (12.30% of sector)

Why It's Relevant

Affinity
5/5

Agnico Eagle is a senior gold producer with operations concentrated in Canada, Finland, Mexico, and Australia, including the LaRonde and Detour Lake complexes. It positions itself as a lower-jurisdiction-risk gold miner. Revenue and cash flow are driven primarily by gold output and the gold price.

3
Price $156.63
Change +3.79%
Market Cap: $71.14 B (8.34% of sector)

Why It's Relevant

Affinity
5/5

Wheaton is a precious-metals streaming company. It pays mining partners upfront for the right to buy a share of future gold, silver, palladium, and cobalt production at fixed prices, rather than operating mines itself. Its results are tied to streamed metal volumes and prices.

All Gold & Precious Metals Stocks (50 more)

Price $45.78
Change +3.69%
Market Cap: $70.94 B (8.32% of sector)

Why It's Relevant

Affinity
5/5

Barrick, renamed from Barrick Gold in 2025 when its NYSE ticker changed from GOLD to B, is a senior producer of gold with a growing copper business and assets including Nevada Gold Mines and Pueblo Viejo. It has announced a plan to separate its North American and international operations into two companies.

Price $111.76
Change +3.56%
Market Cap: $62.41 B (7.32% of sector)

Why It's Relevant

Affinity
5/5

AngloGold Ashanti is a senior gold producer with operations across Africa, the Americas, and Australia, including the Geita mine in Tanzania and Obuasi in Ghana. It is incorporated in the United Kingdom, headquartered in Colorado, and listed in New York. Gold provides the large majority of its revenue.

Price $270.31
Change +4.08%
Market Cap: $52.14 B (6.11% of sector)

Why It's Relevant

Affinity
5/5

Franco-Nevada is a gold-focused royalty and streaming company. It holds a diversified portfolio of royalty and stream interests across gold, silver, and other assets, providing exposure to metal production without operating mines. Its revenue depends on partner production and metal prices.

Price $48.16
Change +7.21%
Market Cap: $42.91 B (5.03% of sector)

Why It's Relevant

Affinity
5/5

Gold Fields is a senior gold producer headquartered in South Africa with mines in Australia, Ghana, Peru, Chile, and South Africa, including South Deep, Tarkwa, and the Salares Norte mine in Chile. It is US-listed through ADRs and earns the bulk of its revenue from gold.

Price $31.59
Change +4.40%
Market Cap: $37.47 B (4.40% of sector)

Why It's Relevant

Affinity
5/5

Kinross is a senior gold miner operating in the United States, Brazil, Mauritania, and Canada, with key assets including Tasiast, Paracatu, and Fort Knox. It is predominantly a gold producer, so its earnings move with gold output and prices.

Price $264.85
Change +2.50%
Market Cap: $22.44 B (2.63% of sector)

Why It's Relevant

Affinity
5/5

Royal Gold is a precious-metals royalty and streaming company holding interests in gold, silver, and copper production at mines operated by others. It does not operate mines, and its revenue depends on partner output and metal prices. It expanded its portfolio through the 2025 acquisition of Sandstorm Gold.

Price $21.65
Change +1.07%
Market Cap: $22.25 B (2.61% of sector)

Why It's Relevant

Affinity
5/5

Coeur Mining is a US-based precious-metals producer with gold and silver mines in the United States, Mexico, and Canada, including Palmarejo, Rochester, Kensington, Wharf, and Las Chispas. Its Canadian portfolio expanded through the 2026 acquisition of New Gold, which added the New Afton and Rainy River mines.

Price $52.60
Change +2.06%
Market Cap: $21.81 B (2.56% of sector)

Why It's Relevant

Affinity
5/5

Pan American Silver is one of the largest primary silver producers, operating mines across Latin America, and also produces a substantial amount of gold. It expanded through acquisitions of Tahoe Resources and the Yamana Latin American assets, and most recently MAG Silver. Its results track silver and gold prices.

Price $21.21
Change +2.12%
Market Cap: $14.25 B (1.67% of sector)

Why It's Relevant

Affinity
5/5

Hecla Mining is the largest primary silver producer in the United States, operating the Greens Creek mine in Alaska and Lucky Friday in Idaho, along with Keno Hill in the Yukon. It sold its Casa Berardi gold mine in 2026, concentrating the business further on silver.

Price $37.69
Change +4.32%
Market Cap: $15.78 B (1.85% of sector)

Why It's Relevant

Affinity
4/5

Alamos Gold is an intermediate gold producer with mines in Canada and Mexico, including Young-Davidson, Island Gold, and Mulatos. It is a pure-play gold miner, so its results are driven by gold production volumes and the gold price.

Price $13.12
Change +3.88%
Market Cap: $15.32 B (1.80% of sector)

Why It's Relevant

Affinity
4/5

Equinox Gold is an intermediate gold producer with mines in Canada, the United States, Mexico, and Nicaragua, including Greenstone, Valentine, Musselwhite, Mesquite, and Camino Rojo. It grew through mergers with Calibre Mining in 2025 and Orla Mining in 2026. Gold volumes and prices drive its results.

Price $20.76
Change +6.74%
Market Cap: $12.97 B (1.52% of sector)

Why It's Relevant

Affinity
4/5

Harmony Gold is a South African gold producer with deep-level underground mines and surface retreatment operations in South Africa, plus the Hidden Valley gold and silver mine in Papua New Guinea. It acquired an operating copper mine in Australia in 2025 and is advancing the Wafi-Golpu gold and copper project.

Price $20.94
Change +3.66%
Market Cap: $11.96 B (1.40% of sector)

Why It's Relevant

Affinity
4/5

IAMGold is an intermediate gold producer operating the Essakane mine in Burkina Faso, the Westwood mine in Quebec, and the Cote Gold mine in Ontario. It is a gold-focused miner whose earnings track gold output and prices.

Price $43.79
Change +1.48%
Market Cap: $11.42 B (1.34% of sector)

Why It's Relevant

Affinity
4/5

Eldorado Gold is an intermediate gold producer with mines in Turkey, Canada, and Greece, including Kisladag, Efemcukuru, Lamaque, and Olympias. Its Skouries gold and copper mine in Greece has begun producing concentrate, adding copper alongside the gold that provides most of its revenue.

Price $21.39
Change +0.90%
Market Cap: $10.54 B (1.24% of sector)

Why It's Relevant

Affinity
4/5

First Majestic Silver is a precious-metals producer focused on silver and gold mines in Mexico, including San Dimas, Santa Elena, and the Los Gatos mine it gained through its purchase of Gatos Silver. Silver is core to its production profile, with gold as a significant co-product.

Price $13.12
Change +4.46%
Market Cap: $9.28 B (1.09% of sector)

Why It's Relevant

Affinity
4/5

Sibanye Stillwater is a precious-metals producer with platinum group metals operations in South Africa and the United States and gold mines in South Africa. It also holds base metals and lithium interests, so its results track platinum, palladium, and gold prices together. It is US-listed through ADRs.

Price $34.77
Change +1.64%
Market Cap: $8.83 B (1.04% of sector)

Why It's Relevant

Affinity
4/5

Buenaventura is a Peruvian precious-metals producer that mines gold and silver and holds interests in large copper operations. Its San Gabriel gold project has begun commercial sales and the Yumpag mine adds silver output. It is US-listed through ADRs, and precious metals drive most of its results.

Price $38.89
Change +3.02%
Market Cap: $7.93 B (0.93% of sector)

Why It's Relevant

Affinity
4/5

SSR Mining is an intermediate precious-metals producer operating gold and silver mines in the Americas, including Marigold in Nevada, Seabee in Saskatchewan, and Puna in Argentina. It has completed its exit from Turkey, leaving an Americas-focused portfolio. Gold and silver are core to its production.

Price $5.69
Change +5.18%
Market Cap: $7.52 B (0.88% of sector)

Why It's Relevant

Affinity
4/5

B2Gold is an intermediate gold producer operating the Fekola mine in Mali, Masbate in the Philippines, Otjikoto in Namibia, and the Goose mine in Canada. Fekola remains its largest source of production, and its results follow gold output and the gold price.

Price $34.55
Change +1.32%
Market Cap: $7.12 B (0.83% of sector)

Why It's Relevant

Affinity
4/5

Triple Flag Precious Metals is a gold and silver streaming and royalty company holding a portfolio of stream and royalty interests on mines operated by others. It does not operate mines, and its revenue depends on partner production and precious-metals prices.

Price $37.68
Change +2.36%
Market Cap: $7.06 B (0.83% of sector)

Why It's Relevant

Affinity
4/5

OR Royalties, formerly Osisko Gold Royalties, is a precious-metals royalty company anchored by a royalty on the Canadian Malartic mine, one of Canada's largest gold mines. It holds royalty and stream interests rather than operating mines, so its revenue tracks partner production and metal prices.

Price $30.75
Change +5.71%
Market Cap: $6.84 B (0.80% of sector)

Why It's Relevant

Affinity
4/5

OceanaGold is an intermediate gold producer operating the Haile mine in the United States, the Macraes and Waihi operations in New Zealand, and the Didipio gold-copper mine in the Philippines. Gold is its primary metal, with copper as a byproduct at Didipio.

Price $23.04
Change +3.50%
Market Cap: $4.51 B (0.53% of sector)

Why It's Relevant

Affinity
4/5

Centerra Gold is an intermediate miner producing gold at the Mount Milligan and Oksut mines and operating a molybdenum business. Gold is central, while the Mount Milligan operation also produces copper and the molybdenum segment adds non-precious-metals exposure.

Price $29.82
Change +5.19%
Market Cap: $4.30 B (0.50% of sector)

Why It's Relevant

Affinity
4/5

Aya Gold & Silver operates the Zgounder silver mine in Morocco and holds exploration assets in the region. It is a silver-focused producer, so its revenue is driven primarily by silver output and the silver price.

Price $20.55
Change +4.37%
Market Cap: $4.24 B (0.50% of sector)

Why It's Relevant

Affinity
4/5

Aris Mining is an intermediate gold producer operating the Segovia and Marmato mines in Colombia, with additional projects in Latin America. It is a gold-focused miner whose revenue tracks gold production and prices.

Price $33.11
Change +4.28%
Market Cap: $3.98 B (0.47% of sector)

Why It's Relevant

Affinity
4/5

Skeena Resources is building the Eskay Creek gold and silver mine in British Columbia, a past-producing site in the Golden Triangle region. Construction is underway and financed, with first production targeted for 2027. The company does not yet produce metal, so its value rests on delivering the project.

Price $12.66
Change +3.26%
Market Cap: $3.75 B (0.44% of sector)

Why It's Relevant

Affinity
4/5

Fortuna Mining is an intermediate precious-metals producer operating the Seguela gold mine in Cote d'Ivoire, Lindero in Argentina, and the Caylloma silver mine in Peru. Formerly Fortuna Silver Mines, it renamed itself in 2024 as gold became its largest contributor, with silver as a secondary metal.

Price $8.32
Change +1.84%
Market Cap: $3.65 B (0.43% of sector)

Why It's Relevant

Affinity
4/5

NovaGold Resources is a gold development company advancing the Donlin Gold project in Alaska, one of the larger undeveloped gold deposits. It has agreed to consolidate full ownership of the project and is moving its domicile to the United States. It remains pre-production, so its value rests on Donlin rather than current output.

Price $32.57
Change +4.69%
Market Cap: $3.51 B (0.41% of sector)

Why It's Relevant

Affinity
4/5

Seabridge Gold is a gold development company holding large undeveloped gold-copper resources, most notably the KSM project in British Columbia. It is pre-production, so its value is tied to advancing its projects and to gold and copper prices rather than current mining output.

Price $24.04
Change +1.22%
Market Cap: $3.35 B (0.39% of sector)

Why It's Relevant

Affinity
4/5

Allied Gold is an intermediate gold producer with operating mines in Mali and Cote d'Ivoire, including Sadiola, Bonikro, and Agbaou. It is building the Kurmuk project in Ethiopia, which remains in development rather than production. Gold output and the gold price drive its revenue.

Price $11.47
Change +3.05%
Market Cap: $3.30 B (0.39% of sector)

Why It's Relevant

Affinity
4/5

Endeavour Silver is a silver and gold producer operating mines in Mexico, including Guanacevi and Bolanitos, along with the Terronera mine that is ramping up output. Silver is central to its production, with gold as a significant co-product, and it holds additional exploration assets in the Americas.

Price $25.05
Change +2.37%
Market Cap: $3.13 B (0.37% of sector)

Why It's Relevant

Affinity
4/5

Perpetua Resources is building the Stibnite gold and antimony project in Idaho, where antimony is a critical mineral used in defense and industry. Construction is underway with federal financing support, and the company targets initial production later this decade. It does not yet produce metal.

Price $13.11
Change +2.58%
Market Cap: $2.90 B (0.34% of sector)

Why It's Relevant

Affinity
4/5

Silvercorp Metals is a precious-metals producer operating silver, lead, and zinc mines in China and is expanding internationally, including the El Domo project in Ecuador. Silver is its core precious metal, alongside base-metal byproducts.

Price $29.61
Change +4.63%
Market Cap: $2.57 B (0.30% of sector)

Why It's Relevant

Affinity
4/5

DRDGOLD is a South African gold producer that recovers gold from the retreatment of surface mine tailings rather than conventional underground mining. It is a gold-focused company whose results follow recovered gold volumes and the gold price.

Price $17.85
Change +0.17%
Market Cap: $2.57 B (0.30% of sector)

Why It's Relevant

Affinity
4/5

Sunshine Silver Mining and Refining is developing the Sunshine Complex in the historic Coeur d'Alene mining district of Idaho, one of the larger silver districts in the United States. The company listed publicly in 2026 and is funding underground development toward first silver production later this decade.

Price $5.54
Change +2.03%
Market Cap: $1.87 B (0.22% of sector)

Why It's Relevant

Affinity
4/5

Americas Gold and Silver is a precious-metals producer operating silver and gold assets in the United States and Mexico, including the Galena Complex in Idaho and the Cosala operations. Silver and gold are core to its production profile.

Price $4.17
Change +0.48%
Market Cap: $1.46 B (0.17% of sector)

Why It's Relevant

Affinity
4/5

Vizsla Silver is a silver and gold developer advancing the Panuco project in Mexico, one of the larger undeveloped silver-gold districts. It is focused on resource expansion and development engineering, and is a development-stage company without established commercial production.

Price $7.69
Change +2.53%
Market Cap: $1.31 B (0.15% of sector)

Why It's Relevant

Affinity
4/5

Avino Silver and Gold Mines produces silver, gold, and copper at its Avino mine in Durango, Mexico, and has brought the nearby La Preciosa operation into production. It is a smaller primary-silver producer that generates revenue from operating mines while expanding its resource base.

Price $20.54
Change +2.09%
Market Cap: $1.26 B (0.15% of sector)

Why It's Relevant

Affinity
4/5

McEwen is a diversified precious-metals producer with gold and silver operations in the United States, Canada, Mexico, and Argentina, plus a copper development project through McEwen Copper. It produces gold and silver from several mines and advances exploration and development across the Americas.

Price $10.45
Change -1.97%
Market Cap: $977.03 M (0.11% of sector)

Why It's Relevant

Affinity
4/5

Metalla Royalty and Streaming holds a portfolio of gold, silver, and copper royalty and stream interests on properties operated by others across the Americas and Australia. It does not operate mines, so its revenue depends on partner production and metal prices. Precious metals account for most of the portfolio.

Price $3.43
Change +2.08%
Market Cap: $794.66 M (0.09% of sector)

Why It's Relevant

Affinity
4/5

Gold Royalty is a precious-metals royalty company holding a portfolio of gold-focused royalty interests on properties operated by others, including royalties on producing and development-stage mines. It does not operate mines, so its revenue depends on partner production and gold prices.

Price $20.14
Change +2.70%
Market Cap: $673.50 M (0.08% of sector)

Why It's Relevant

Affinity
4/5

Contango Silver and Gold holds a 30 percent interest in the Manh Choh gold mine in Alaska, which Kinross operates, giving it a share of current gold production. It also owns the Kitsault Valley silver district in British Columbia and earlier-stage Alaskan projects. It renamed itself from Contango Ore in 2026.

Price $2.36
Change +4.42%
Market Cap: $617.36 M (0.07% of sector)

Why It's Relevant

Affinity
4/5

Galiano Gold owns and operates the Asanko gold mine in Ghana, a multi-pit operation on the Asankrangwa gold belt. It holds a 90 percent interest in the mine, and gold production from Asanko provides all of its revenue, so results track output and the gold price.

Price $2.89
Change +3.21%
Market Cap: $586.30 M (0.07% of sector)

Why It's Relevant

Affinity
4/5

Integra Resources produces gold at the Florida Canyon mine in Nevada and is advancing the DeLamar gold and silver project in Idaho through federal permitting. It operates in the Great Basin of the western United States, so gold output and the gold price drive its revenue.

Price $31.41
Change -1.38%
Market Cap: $497.10 M (0.06% of sector)

Why It's Relevant

Affinity
4/5

Idaho Strategic Resources produces gold in northern Idaho and reports profitable operations from its mining business. It also holds rare earth element properties, including the Diamond Creek project, which adds critical minerals exposure alongside gold. Gold provides essentially all of its current revenue.

Price $5.81
Change +4.31%
Market Cap: $403.77 M (0.05% of sector)

Why It's Relevant

Affinity
4/5

Vox Royalty holds a portfolio of precious-metals royalties on mines and projects in Australia, Canada, the United States, and other countries. It does not operate mines, and its revenue comes from royalty payments tied to partner production and metal prices. Gold and silver dominate the portfolio.

Price $1.79
Change +1.70%
Market Cap: $1.55 B (0.18% of sector)

Why It's Relevant

Affinity
3/5

i-80 Gold is a Nevada-focused gold company advancing a portfolio of gold and polymetallic projects along the established mining trends of the state. It generates early revenue from limited operations and has completed a recapitalization that cleared its legacy debt. Most of its value rests on projects still in development and permitting.

Price $2.99
Change +3.10%
Market Cap: $914.46 M (0.11% of sector)

Why It's Relevant

Affinity
3/5

Osisko Gold Group is a gold developer advancing the Cariboo gold project in British Columbia, along with properties in Utah and Mexico. It renamed itself from Osisko Development in 2026, when its ticker changed to OGG. It is not yet a substantial producer, so its value rests on project development.

Price $6.12
Change +0.99%
Market Cap: $813.09 M (0.10% of sector)

Why It's Relevant

Affinity
3/5

Dakota Gold is a gold developer advancing the Richmond Hill project in the historic Homestake district of South Dakota, where it holds a large land position. It has completed pre-feasibility work and continues drilling. It does not yet produce gold, so its value rests on advancing the project.

Price $26.32
Change +2.77%
Market Cap: $508.90 M (0.06% of sector)

Why It's Relevant

Affinity
3/5

Caledonia Mining is a smaller gold producer operating the Blanket Mine in Zimbabwe and developing additional gold projects in the country. It produces gold from underground operations and is pursuing growth projects, operating at a smaller scale than the senior and mid-tier miners.

Stock prices are typically updated after market close. Market data may be delayed.
Educational content only. Not financial advice. Always conduct your own research before making investment decisions.

What Are Gold & Precious Metals Stocks?

Gold and precious metals stocks are shares of publicly traded companies that explore for, develop, mine, process, or hold royalty and streaming interests in gold, silver, platinum group metals, and related precious metals. The group spans large senior gold producers, companies that finance mines in exchange for a share of future metal, mid-tier gold miners, primary silver producers, and development-stage companies building new mines. This page lists publicly traded precious-metals companies with daily prices and market data.

Categories of Gold & Precious Metals Stocks

  • Senior gold miners: The largest gold producers, operating multiple mines across several countries, such as Newmont (NEM), Agnico Eagle (AEM), Barrick Mining (B), AngloGold Ashanti (AU), Gold Fields (GFI), and Kinross Gold (KGC).
  • Royalty & streaming companies: Companies that provide upfront capital to miners in exchange for a share of future production or a royalty, rather than operating mines themselves, such as Franco-Nevada (FNV), Wheaton Precious Metals (WPM), Royal Gold (RGLD), OR Royalties (OR), and Triple Flag Precious Metals (TFPM).
  • Mid-tier & intermediate gold miners: Smaller gold producers, such as Alamos Gold (AGI), B2Gold (BTG), Eldorado Gold (EGO), IAMGold (IAG), Equinox Gold (EQX), SSR Mining (SSRM), and Fortuna Mining (FSM).
  • Silver miners: Companies for which silver is a primary metal, often alongside gold, such as Pan American Silver (PAAS), Hecla Mining (HL), Coeur Mining (CDE), First Majestic Silver (AG), Endeavour Silver (EXK), and Aya Gold & Silver (AYA).
  • Diversified & platinum group metals producers: Companies whose precious metals output sits alongside platinum group metals or base metals, such as Sibanye Stillwater (SBSW) and Buenaventura (BVN).
  • Development-stage companies: Companies advancing large precious metals projects toward production without meaningful current output, such as NovaGold (NG), Seabridge Gold (SA), Skeena Resources (SKE), Perpetua Resources (PPTA), and Sunshine Silver Mining & Refining (SSMR).

What Moves Gold & Precious Metals Stocks?

  • Metal prices: The market prices of gold and silver strongly influence the revenue and cash flow of producers and streamers, and many share prices move with these benchmarks.
  • Interest rates and currency: Real interest rates and the value of the US dollar affect the price of gold and silver, which are priced in dollars and pay no yield.
  • Mining costs: Energy, labor, and input costs affect production margins, and a company with higher all-in costs is more sensitive to changes in the metal price.
  • Production and reserves: Output volumes, grade, mine life, and new project development determine how much metal each company can sell.
  • Operating leverage: Because mining costs are largely fixed in the short term, producer earnings can change by a larger percentage than the underlying metal price moves, in either direction.
  • Mergers and acquisitions: Precious metals mining consolidates frequently, and takeovers, mergers, and asset sales regularly change which companies remain independently listed.

Risks and Considerations

  • Commodity cyclicality: Gold and silver prices can swing sharply with macroeconomic conditions, interest rates, and currency moves, which can affect company earnings.
  • Jurisdiction and mining risk: Many producers operate in multiple countries and face permitting, environmental, political, security, and operational risks that can affect output and costs.
  • Leverage to metal prices: Producer earnings can amplify movements in the underlying metal price because a large share of mining costs is fixed in the short term.
  • Development risk: Companies building new mines depend on permitting, financing, and construction going to plan, and they generate little or no revenue until production begins.
  • Company-specific factors: Reserve depletion, project delays, financing needs, and mergers and acquisitions can change the companies available on this list over time.
  • Royalty and streaming structure: Royalty and streaming companies depend on the production of mines operated by others and on the terms of their agreements.

Frequently Asked Questions

Gold and precious metals stocks generally fall into senior gold miners that operate multiple large mines, royalty and streaming companies that finance mines in exchange for a share of future metal rather than operating them, mid-tier and intermediate gold miners, and primary silver producers for which silver is a core metal. Some companies span more than one category.

A gold miner explores, develops, and operates mines, so it carries the costs and operational risks of producing metal. A royalty or streaming company provides upfront capital to miners in exchange for a royalty on revenue or the right to buy future production at a fixed price, and it does not operate mines itself. Its revenue depends on the production of partner mines and on metal prices.

Many mining costs are largely fixed in the short term, so a change in the gold price flows through to a larger percentage change in a producer's profit margin. This operating leverage can amplify earnings moves in both directions, which is one reason gold mining stocks can be more volatile than the metal itself.

The sector has seen significant consolidation. Deals in 2025 removed several names from public markets, including Sandstorm Gold (acquired by Royal Gold), MAG Silver (acquired by Pan American Silver), SilverCrest Metals (acquired by Coeur Mining), and Gatos Silver (acquired by First Majestic Silver). Barrick also renamed itself Barrick Mining and changed its NYSE ticker from GOLD to B. This list reflects companies that remain independently listed under current tickers.

The list is reviewed on a recurring basis against primary sources, including annual and quarterly filings, earnings releases, and company disclosures, to confirm what each company actually does in precious metals today. A company is added only when its precious metals role is verifiable through disclosed production, revenue, or a documented royalty or streaming interest. Companies are removed when the case weakens, for example financial distress, a divested precious metals business, or an acquisition that takes the shares off public markets. Mining consolidation is the most common reason a name leaves this page, so tickers are checked against current listings rather than carried forward.

A producer operates one or more mines and sells metal today, so its revenue and cash flow respond directly to production volumes and the gold price. A developer holds a deposit that is being permitted, financed, or built, and it usually has little or no revenue, so progress is measured in construction milestones, permits, and feasibility work rather than ounces sold. Both appear on this list, and the affinity score together with each company description indicates which stage a company is in.