Gold Mining Coverage

Currently Indexed Gold Companies

Sector Context

The global gold mining market produces approximately 3,500 tonnes of primary gold annually with a market value of $250B+. The industry is structurally bifurcated: around 25 senior major producers (Newmont, Barrick, Agnico Eagle, Kinross, AngloGold Ashanti) generate over 60% of global production — around 1,200 Junior gold companies in exploration and resource definition phase generate over 60% of all new discoveries.

This asymmetric pipeline dynamic (major production vs. junior discovery) is why Junior coverage is structurally important. Major replacement reserves come from Junior acquisitions — whoever tracks the Junior pipeline knows the M&A targets of the next 5 years.

Mineralis currently covers four companies as reference anchors: one mid-tier producer with a high-grade underground operation (Lundin Gold), two senior majors (Barrick, Newmont), and one senior mid-tier with a multi-jurisdictional portfolio (Agnico Eagle).

Gold Coverage Roadmap

• Q2 2026 — Live
  4 reference companies (Lundin, Barrick, Newmont, Agnico) with 3 sub-scores (Geology, Capital, Management).
• Q3 2026 — Expansion
  50 additional senior mid-tier gold producers. Sub-scores 4-6 (Jurisdiction, Stage, Permitting) go live in v0.2.
• Q4 2026 — Junior Phase
  450 Junior gold companies (TSX-V, ASX, AIM). Sub-scores 7-8 (Catalysts, Promotional Risk) go live in v0.3. Total: 500 gold companies.
• 2027 — Geographic Expansion
  Coverage on JSE (South Africa), HKEX (Hong Kong), LSE (UK), GHX (Ghana) for Tier-2/3 jurisdiction gold production. Coverage target: 800 companies.

Related

• Inside Lundin Gold NI 43-101 — How we calculate the MAS-Score →
• Why Junior Miners Matter — Pipeline economics of the mining industry →
• MAS-Score Methodology — all 8 sub-scores explained →
• Critical Minerals Coverage — Lithium, Copper, Rare Earths →