Canadian Mining Journal

News

Gold price rally lifts Top 50 mining stocks above US$1 trillion for first time


MINING.COM’s ranking of the world’s 50 largest mining companies based on market value shows an industry recovering from its COVID-19 slump and moving into positive territory for Q4 2020.

The Top 50 most valuable mining companies added US$80.2 billion in market capitalization over the three months to end September, thanks to surging gold and silver prices, iron ore prices firmly in triple digits, and a copper price flirting with two-year highs.

Mining’s majors looked poised to join the trillion dollar club at the outset of 2020, but the pandemic torpedoed the early stages of a cyclical upswing for the industry, delaying the milestone by nine months.

Measured from the height of the pandemic in March-April, the index has recovered by nearly US$330 billion.

Continue reading at www.MINING.com

 


Print this page

Related Posts



Have your say:

Your email address will not be published. Required fields are marked *

*