InvestorWaves

Precious Metals Miners

Precious Metals Miners groups firms that explore for, develop and produce gold and silver, plus royalty and streaming firms that buy future metal revenue. Capital moves into this theme when metal prices rise, when investors look for inflation or geopolitical hedges, or when miners expand production and add new deposits.

1D-1.3%
1W-6.8%
1M-11.9%
3M+9.8%
6M+1.4%
1Y+44.7%

5 of 34 stocks are in a Stage 2 uptrend.

Equal-weighted index · 1 year+44.7%
100150200OCTJANAPRJUL

Stocks in this theme

TickerPrice1M3M1YStageTrendvs 52w high
AYAAya Gold & Silver Inc.$26.9-3.6%+40.9%+155.7%Stage 2 (continuation)7/7-11.45%
CGAUCenterra Gold Inc.$21.78-5.0%+40.1%+109.4%Stage 2 (re-acceleration)7/7-10.19%
BTGB2gold Corp$5.22-4.7%+39.6%+6.1%Stage 36/7-15.94%
FSMFortuna Mining Corp.$11.24-7.0%+34.6%+29.5%Stage 36/7-17.72%
AUGOAura Minerals Inc.$78.68-5.9%+30.1%+111.5%Stage 2 (re-acceleration)6/7-27.91%
NEMNEWMONT Corp /DE/$115.34-8.5%+23.6%+36.4%Stage 36/7-14.65%
WPMWheaton Precious Metals Corp.$133.72-11.3%+20.0%+21.0%Stage 36/7-19.31%
SBSWSibanye Stillwater Ltd$10.21-13.8%+20.0%-8.5%Stage 40/7-51.66%
RGLDRoyal Gold Inc$236-9.7%+18.7%+18.9%Stage 34/7-22.44%
AEMAgnico Eagle Mines Ltd$183.27-9.8%+18.4%+9.9%Stage 32/7-27.33%
IAGIamgold Corp$18.41-10.0%+16.7%+48.2%Stage 35/7-25.07%
HMYHarmony Gold Mining Co Ltd$17.72-9.8%+16.7%-2.9%Stage 34/7-31.95%
AUAngloGold Ashanti PLC$93.95-16.4%+16.1%+35.6%Stage 33/7-26.75%
SSRMSsr Mining Inc.$33.32-11.4%+15.6%+35.6%Stage 2 (re-acceleration)7/7-15.02%
DRDDrdgold Ltd$24.25-14.1%+14.8%-12.0%Stage 40/7-38.11%
FNVFRANCO NEVADA Corp$238.11-9.5%+14.2%+8.7%Stage 2 (re-acceleration)6/7-15.21%
EQXEquinox Gold Corp.$11.11-13.6%+13.9%-2.0%Stage 40/7-40.78%
BBarrick Mining Corp$40.67-9.3%+11.6%+22.7%Stage 32/7-23.24%
OROR Royalties Inc.$34.34-7.1%+9.4%-12.6%Stage 41/7-28.05%
HLHecla Mining Co/De/$17.03-14.3%+9.2%+43.2%Stage 42/7-46.46%
SASeabridge Gold Inc$28.34-10.8%+8.5%+19.6%Stage 41/7-27.98%
BVNBuenaventura Mining Co Inc$31.58-7.9%+8.2%+29.8%Stage 12/7-27.68%
GFIGold Fields Ltd$36.12-22.1%+7.1%-12.8%Stage 41/7-41.28%
NGNovagold Resources Inc$6.5-24.4%+7.1%-21.7%Stage 40/7-54.23%
AGIAlamos Gold Inc$32.39-11.5%+6.9%-6.5%Stage 41/7-41.46%
CDECoeur Mining, Inc.$17.6-15.3%+6.4%-4.6%Stage 41/7-35.17%
SVMSilvercorp Metals Inc$10.67-14.2%+6.1%+75.5%Stage 14/7-32.08%
AGFirst Majestic Silver Corp$17.69-14.1%+3.8%+42.5%Stage 42/7-44.74%
EXKEndeavour Silver Corp$8.58-19.9%+3.6%+10.0%Stage 41/7-39.24%
PPTAPerpetua Resources Corp.$21.57-13.5%+2.8%+4.7%Stage 40/7-42.05%
PAASPan American Silver Corp$45.51-12.3%+2.7%+18.6%Stage 42/7-33.76%
KGCKinross Gold Corp$24.08-21.5%+2.6%-0.1%Stage 41/7-36.75%
TFPMTriple Flag Precious Metals Corp.$30.81-8.6%+2.1%+5.5%Stage 41/7-25.51%
HYMCHycroft Mining Holding Corp$19.04-18.7%-17.5%+200.8%Stage 42/7-65.84%

Deep dive

The theme covers the full range of firms tied to gold and silver output: global major producers, mid-tier and regional miners, silver specialists, explorers and developers, and royalty and streaming companies that buy part of future metal output for upfront cash. These companies operate across multiple jurisdictions and stages of the mine life cycle, from early-stage exploration to long-lived producing mines and secondary financing structures that convert future production into immediate revenue.

Demand for gold and silver comes from several concrete drivers. Gold attracts flows as a store of value when real interest rates fall or when geopolitical uncertainty rises, and central bank purchases or large ETF flows can put upward pressure on price. Silver has a mixed demand profile that combines investment interest with industrial uses in electronics, solar and electrical applications, so silver price moves respond to both macro shifts and changes in manufacturing demand.

The value chain splits into distinct business types with different risk and return profiles. Exploration and development firms aim to find and permit deposits and then sell or build mines; producers run active mines and sell bullion or concentrates; and royalty and streaming firms buy a portion of future output in exchange for upfront capital and then collect metal or cash over the life of the mine. Examples from the theme include global majors such as Barrick and Newmont, mid-tier and regional producers such as B2Gold, Kinross and Agnico Eagle, silver-focused miners such as Hecla and First Majestic, explorers and developers such as Seabridge and Novagold, and revenue financiers such as Wheaton Precious Metals, Franco-Nevada and Royal Gold.

Whether the theme continues to attract capital depends on a handful of repeatable factors. Metal prices set the revenue backdrop; operating costs for energy, labor and inputs set margins; permitting, environmental and social issues affect timelines and legal risk; and access to capital determines whether projects move from discovery to production. Streaming and royalty companies reduce exposure to operational risk but remain sensitive to price moves, while producing miners face both price exposure and execution risk from mine performance, grade decline and country-level geopolitics.

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