At the end of the first quarter 2024, the MINING.COM TOP 50* ranking of the world’s most valuable miners had a combined market capitalization of $1.43 trillion, up $42 billion from end-March, as rising copper and gold prices make up for losses among lithium and iron ore counters.
Investors in Anglo, with a history going back more than a hundred years on the South African gold and diamond fields, have had a particularly wild ride over the last few years. In January 2016, Anglo’s market cap fell below $5 billion and even after the stock’s Q2 bump, is still only worth half its peak valuation hit in 2022.
Ganfeng was barely holding on at position 50 at end-June and with gold price momentum continuing and two gold mining companies waiting in the winds – Yintai and Alamos – only three lithium counters in the top 50 may be a reality for some time to come. Amman’s Batu Hijau is the third largest mine worldwide in terms of copper equivalent output and has been in production since the turn of the millennium. Amman is also developing the adjacent Elang project on the island of Sumbawa. While spot uranium prices have retreated back below the triple digit prices hit in January, the combined market cap of the sector is still up 42% from last year this time and together now surpasses that of the lithium counters in the ranking.
Navoi would join the ranks of gold producers in the top 50 thanks to ownership of the world’s largest gold mine, Muruntau, and annual production of 2.9 million ounces at grades the envy of the sector. Navoi will also bring to five the number of companies with exposure to the nuclear fuel in the ranking.Source: MINING.COM, stock exchange data, company reports. Share data from primary-listed exchange at close July 1, 2024 close of trading converted to US$ where applicable.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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ذریعہ: WIRED - 🏆 555. / 51 مزید پڑھ »