10 Biggest Canadian Mining Companies (2024)

Canada is a country with vast mineral resources. As such, developing, mining, and producing these resources is an important part of the Canadian economy. Canadian mining companies are leaders in the production of uranium, zinc, nickel, potash, cobalt, and iron ore. They also produce significant amounts of petroleum, gold, platinum, copper, silver, and lead as well as a growing industry of critical minerals.

These are the 10 biggest Canadian mining companies by trailing 12 months(TTM)revenue. Some companies outside the U.S. report profits semiannually instead of quarterly, so the trailing 12-month data may be older than it is for companies that report quarterly. This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or throughAmerican depositary receipts (ADRs). Data is courtesy of YCharts.com. All dollar amounts are in Canadian dollars, and all figures are as of Jan. 11, 2023.

1. Nutrien (NTR)

• Revenue (TTM): $48.02 billion
• Net Income (TTM): $9.90 billion
• Market Cap: $51.91 billion
• 1-Year TrailingTotal Return: 17.42%
• Exchange: Toronto Stock Exchange

Nutrien is a crop nutrient company that produces over 27 million tonnes of potash, nitrogen, and phosphate products for agricultural and industrial purposes and to feed customers worldwide. The company distributes crop nutrients, crop protection products, seeds, and merchandise, and provides agronomic services to growers. The company's stock trades on the Toronto Stock Exchange (TSX) and in the U.S. on the New York Stock Exchange (NYSE) under the ticker symbol NTR.

2. Teck Resources (TECK.B)

• Revenue (TTM): $19.89 billion
• Net Income (TTM): $4.54 billion
• Market Cap: $27.20 billion
• 1-Year TrailingTotal Return: 37.10%
• Exchange: Toronto Stock Exchange

Teck Resources is a diversified resource company engaged in mining and developing mineral properties. Its business units are focused on copper, steelmaking coal and zinc, and energy. The company also provides lead, silver, molybdenum, and various other specialty and other metals, chemicals, and fertilizers. Its operations are located in Canada, Peru, Chile, and the U.S. Teck's stock trades in the U.S. on the NYSE under the ticker symbol TECK. The company's Canadian shares trade in Class A and Class B categories on the TSX.

3. Barrick Gold(ABX)

• Revenue (TTM): $14.72 billion
• Net Income (TTM): $2.41 billion
• Market Cap: $45.92 billion
• 1-Year TrailingTotal Return: 14.59%
• Exchange: Toronto Stock Exchange

Barrick Gold is principally engaged in the production of gold and copper. It has exploration, development, and mining operations, along with projects throughout North America, South America, and Africa, as well as in Papua New Guinea, and Saudi Arabia. Barrick’s stock trades on the TSX in Canada and in the U.S. on the NYSE under the ticker symbol GOLD.

4. First Quantum Minerals (FM)

• Revenue (TTM): $10.02 billion
• Net Income (TTM): $1.48 billion
• Market Cap: $21.42 billion
• 1-Year TrailingTotal Return: 0.44%
• Exchange: Toronto Stock Exchange

First Quantum Minerals is engaged in exploration, development, and mining. The company produces copper, nickel, gold, zinc, and cobalt. It has mining operations in Africa, Latin America, and Australia. First Quantum’s stock trades in Toronto and over the counter (OTC) in the U.S. under the ticker symbol FQVLF.

5. Agnico Eagle Mines (AEM)

• Revenue (TTM): $6.73 billion
• Net Income (TTM): $698.38 million
• Market Cap: $33.82 billion
• 1-Year TrailingTotal Return: 17.17%
• Exchange: Toronto Stock Exchange

Founded in 1957, Agnico Eagle Mines is a gold mining company with operations in Canada, Australia, Finland, and Mexico. Along with the exploration activities in each of those countries, it also has a presence in the U.S. and Colombia. Agnico Eagle Mines’ stock trades publicly in Toronto and in the U.S. on the NYSE under the ticker symbol AEM.

6. Kinross Gold Corp.(K)

• Revenue (TTM): $5.34 billion
• Net Income (TTM): -$633.41 million
• Market Cap: $7.97 billion
• 1-Year TrailingTotal Return: -9.42%
• Exchange: Toronto Stock Exchange

Kinross Gold is a gold mining company that was founded in 1993. It is engaged in the production, acquisition, exploration, and development of gold properties. It produces gold and silver from its diverse portfolio of mines and projects in Canada, the U.S., Brazil, Chile, and Mauritania. Kinross Gold’s stock trades publicly in Canada, along with the U.S. on the NYSE under the ticker symbol KGC.

7. Lundin Mining(LUN)

• Revenue (TTM): $4.14 billion
• Net Income (TTM): $643.53 million
• Market Cap: $7.42 billion
• 1-Year TrailingTotal Return: 1.29%
• Exchange: Toronto Stock Exchange
  

Lundin Mining is a diversified base metals mining company that was incorporated in 1994. It has operations in Brazil, Chile, Portugal, Sweden, and the U.S. It engages in the mining, exploration, and development of mineral properties, primarily producing copper, zinc, gold, and nickel. Lundin Mining’s stock trades in Canada on the TSX and OTC in the U.S. under the ticker symbol LUNMF.

8. Yamana Gold(YRI)

• Revenue (TTM): $2.36 billion
• Net Income (TTM): $329.52 million
• Market Cap: $7.68 billion
• 1-Year TrailingTotal Return: 63.65%
• Exchange: Toronto Stock Exchange

Yamana is the owner-operator of various mines in Canada, Argentina, Brazil, and Chile. It focuses on the exploration, discovery, and production of base and precious metals like gold, silver, and copper. Shares are listed and traded on the TSX. They're also on the NYSE under the symbol AUY.

9. B2Gold (BTO)

• Revenue (TTM): $2.12 billion
• Net Income (TTM): $292.41 million
• Market Cap: $5.68 billion
• 1-Year TrailingTotal Return: 20.68%
• Exchange: Toronto Stock Exchange

B2Gold is a low-cost gold producer engaged in the acquisition and development of mineral properties. It operates gold mines, development, and exploration projects in countries including Mali, the Philippines, Namibia, Colombia, Finland, and Uzbekistan. B2Gold’s stock trades publicly in the U.S. on the small-cap-focused NYSE American, formerly known as the American Stock Exchange (AMEX), under the ticker symbol BTG.

10. Hudbay Minerals(HBM)

• Revenue (TTM): $1.99 billion
• Net Income (TTM): $98.01 million
• Market Cap: $2.11 billion
• 1-Year TrailingTotal Return: -11.09%
• Exchange: Toronto Stock Exchange

Hudbay Minerals is a Canadian mining company with a focus on the exploration, discovery, and production of base and precious metals. The company has a big focus on copper concentrate, molybdenum concentrate, and zinc. Hudbay has a presence in North and South America, with projects in Canada, the United States, and Peru. The company's stock is listed in Toronto and on the NYSE under the ticker symbol HBM.