10 Biggest Mining Companies in Canada (2024)

Canada is home to some of the world’s leading mining companies that have made significant contributions to the country’s economy. With the mining industry accounting for a substantial share of Canada’s GDP, it is essential to highlight the top mining companies that are driving this industry forward. In this blog post, we will review the top 10 mining companies in Canada that have demonstrated consistent growth and excellence in the industry.

canadian-mining-companies

Mining is an essential industry in Canada, contributing significantly to the country’s economy. The industry employs over 700,000 Canadians and accounts for about 5% of the country’s GDP. With over 8,000 companies in the industry, Canada is a global leader in mining, producing over 60 minerals and metals. It shouldn’t be surprising that the leading producers of uranium, zinc, nickel, potash, cobalt, and iron ore are Canadian mining companies. In addition to producing large amounts of vital minerals, they also produce considerable amounts of petroleum, gold, platinum, copper, silver, and lead.

TOP 10 CANADIAN MINING COMPANIES (2024)

Here are the big players in the Canadian mining industry based on their market capitalization:

Rank Company Name Market Capitalization (in billions of CAD)
1 Canadian Natural Resources Limited 47.7
2 Barrick Gold Corporation 45.8
3 Teck Resources Limited 16.5
4 Agnico Eagle Mines Limited 14.5
5 Kinross Gold Corporation 12.4
6 First Quantum Minerals Ltd 11.1
7 Cameco Corporation 7.0
8 Yamana Gold Inc. 6.2
9 Nutrien Ltd. 44.3
10 Wheaton Precious Metals Corp. 23.0

CANADIAN NATURAL RESOURCES LIMITED

Canadian Natural Resources Limited is one of the leading mining companies in Canada, with a market capitalization of over $47 billion. The company produces a variety of minerals and metals, including crude oil, natural gas, and coal. Its operations are primarily focused on Western Canada, with significant assets in Alberta and British Columbia. The company is committed to sustainable mining practices, reducing its carbon footprint, and investing in clean energy.

BARRICK GOLD CORPORATION

Barrick Gold Corporation is one of the largest gold mining companies in the world, with operations in Canada, the United States, South America, and Africa. The company has a market capitalization of over $44 billion and produces over 5.5 million ounces of gold annually. Barrick Gold is committed to responsible mining practices, sustainable development, and stakeholder engagement.

TECK RESOURCES LIMITED

Teck Resources Limited is a diversified mining company that produces a variety of metals, including copper, zinc, and lead. The company has operations in Canada, the United States, Chile, and Peru, with a market capitalization of over $16.5 billion. Teck Resources is committed to sustainable mining practices, reducing its environmental impact, and engaging with its stakeholders.

AGNICO EAGLE MINES LIMITED

Agnico Eagle Mines Limited is a Canadian gold mining company with operations in Canada, Mexico, and Finland. The company has a market capitalization of over $14 billion and produces over 1.7 million ounces of gold annually. Agnico Eagle is committed to responsible mining practices, stakeholder engagement, and sustainable development.

KINROSS GOLD CORPORATION

Kinross Gold Corporation is a Canadian gold mining company with operations in Canada, the United States, Brazil, Chile, Ghana, and Mauritania. The company has a market capitalization of over $13 billion and produces over 2.4 million ounces of gold annually. Kinross Gold is committed to sustainable mining practices, responsible environmental stewardship, and community engagement.

FIRST QUANTUM MINERALS LTD

First Quantum Minerals Ltd is a Canadian mining company that produces copper, nickel, gold, and zinc. The company has operations in Canada, Australia, Zambia, Turkey, Mauritania, and Finland, with a market capitalization of over $10 billion. First Quantum Minerals is committed to responsible mining practices, environmental sustainability, and stakeholder engagement.

CAMECO CORPORATION

Cameco Corporation is a Canadian uranium mining company with operations in Canada, the United States, and Kazakhstan. The company has a market capitalization of over $7 billion and is the world’s largest publicly traded uranium company. Cameco is committed to sustainable mining practices, environmental stewardship, and community engagement.

YAMANA GOLD INC.

Yamana Gold Inc. is a Canadian gold and silver mining company with operations in Canada, Brazil, Chile, and Argentina. The company has a market capitalization of over $6 billion and produces over 1 million ounces of gold annually. Yamana Gold is committed to responsible mining practices, sustainable development, and stakeholder engagement.

NUTRIEN LTD.

Nutrien Ltd. is a Canadian fertilizer and agricultural chemicals company with mining operations in Canada, the United States, and South America. The company has a market capitalization of over $44 billion and produces a variety of minerals and metals, including potash and phosphate. Nutrien is committed to sustainable mining practices, reducing its environmental impact, and engaging with its stakeholders. This company sells seeds, goods, agricultural fertilizers, crop protection items, and agronomic services to farmers. Under the ticker symbol NTR, the company’s stock is traded on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) in the United States.

CONCLUSION

The mining industry is an essential part of Canada’s economy, with many companies making significant contributions to the industry’s growth and development. These 10 Canadian mining companies that we have reviewed in this article have demonstrated consistent growth, excellence, and a commitment to sustainable mining practices, environmental stewardship, and stakeholder engagement. These companies will continue to play a crucial role in shaping the future of the mining industry in Canada.

Mfonobong Daniel

Daniel is an Editor on Nigerian Infopedia who craves for writing, researching and also watching soccer.

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