What are the best gold mining stocks?

Lundin Gold Inc. (LUG.ST) currently leads the gold mining industry ranking on invest-like with a Buffett-Fit composite score of 86/100, followed by EMR.AX (79/100). The full ranked list of 50 gold mining stocks is on this page. Educational only, not investment advice.

Which gold mining stock has the highest ROIC?

ROIC sustainability is the closest single quantitative proxy for moat strength. The gold mining industry's median ROIC is currently 20%. The top-scoring stocks on this page combine high ROIC with the other Buffett-Fit pillars (gross-margin durability, balance-sheet quality, capital allocation discipline).

How many gold mining stocks does invest-like.com cover?

invest-like.com currently indexes 50 gold mining stocks above $500M market cap with daily-refreshed fundamentals and cached Buffett-Fit verdicts. Each stock is graded A+ to D on a composite 0-100 score across the five Buffett pillars.

Where does Gold Mining sit in the GICS hierarchy?

Gold Mining is an industry within the materials sector. See /sector/materials/ for the full sector view including peer industries.

Is the gold mining ranking on this page investment advice?

No. The ranking is an educational pattern-match against documented value-investing frameworks (Buffett, Graham, Fisher, Lynch, Greenblatt, Munger, Smith). Scores reflect how closely each stock fits the documented criteria - NOT recommendations to buy, hold, or sell. Always do your own research and consult a licensed financial adviser.

materials

Best Gold Mining Stocks

Major + mid-cap gold miners - Newmont, Barrick, Agnico Eagle, Franco-Nevada. Cyclical commodity exposure, but the streaming/royalty players (Franco-Nevada, Wheaton Precious Metals) earn capital-light returns insulated from operating risk.

Industry leader

Lundin Gold Inc. LUG.ST

Buffett-Fit: 86/100

Read verdict

What drives this industry

Gold mining returns track gold-price moves + production cost discipline + reserves replacement. The streaming/royalty model (Franco-Nevada, Wheaton Precious Metals) avoids operating risk by paying upfront for future production rights - capital-light cash flow with gold-price upside. Buffett's historical position has been short gold (no cash flow) but selectively long quality miners.

Top 50 ranked by Buffett-Fit

Sorted by composite quality score - ROIC, margin stability, balance-sheet strength, growth quality. Click any ticker for the full Buffett verdict.

#	Company	mcap	Q
1	LUG.STLundin Gold Inc.	166.8B	86
2	EMR.AXEmerald Resources NL	4.8B	79
3	2259.HKZijin Gold International Company Limited	436.0B	77
4	DPM.AXDPMMETALS CDI 1:1 [DPM]	13.6B	75
5	THX.VThor Explorations Ltd.	920M	75
6	WAF.AXWest African Resources Limited	4.4B	75
7	3939.HKWanguo Gold Group Limited	70.1B	75
8	DPM.TODPM Metals Inc.	13.4B	75
9	6693.HKChifeng Jilong Gold Mining Group Limited	80.2B	74
10	600988.SSChifeng Jilong Gold Mining Group Limited	86.8B	73
11	PRU.TOPerseus Mining Limited	8.9B	73
12	RGLDRoyal Gold, Inc.	22.2B	72
13	001337.SZSichuan Gold Co., Ltd.	22.3B	70
14	RMS.AXRamelius Resources Limited	7.5B	69
15	MKO.VMako Mining Corp.	1.2B	67
16	CMM.AXCapricorn Metals Ltd	7.4B	67
17	000975.SZShanjin International Gold Co., Ltd.	72.8B	67
18	AEMAgnico Eagle Mines Limited	103.7B	67
19	WPMWheaton Precious Metals Corp.	70.4B	65
20	GFIGold Fields Limited	42.2B	64
21	MTL.LMetals Exploration plc	515M	64
22	DRDDRDGOLD Limited	2.5B	63
23	AUAngloGold Ashanti Plc	55.2B	62
24	WDO.TOWesdome Gold Mines Ltd.	4.9B	61
25	MSA.TOMineros S.A.	2.5B	60
26	OROR Royalties Inc.	7.0B	60
27	2899.HKZijin Mining Group Company Limited	973.2B	58
28	EDV.LEndeavour Mining plc	11.4B	58
29	CMCLCaledonia Mining Corporation Plc	509M	58
30	0340.HKTongguan Gold Group Limited	18.8B	58
31	OGC.TOOceanaGold Corporation	9.4B	58
32	KNT.TOK92 Mining Inc.	7.2B	57
33	601899.SSZijin Mining Group Company Limited	886.8B	57
34	FNVFranco-Nevada Corporation	51.3B	57
35	CDECoeur Mining, Inc.	21.8B	56
36	RRL.AXRegis Resources Limited	6.4B	56
37	GMD.AXGenesis Minerals Limited	9.7B	56
38	PNR.AXPantoro Gold Limited	1.1B	54
39	BBarrick Mining Corporation	73.7B	54
40	RSG.LResolute Mining Limited	1.6B	52
41	NST.AXNorthern Star Resources Limited	33.0B	52
42	EVN.AXEvolution Mining Limited	30.9B	52
43	ORE.TOOrezone Gold Corporation	1.8B	51
44	TXG.TOTorex Gold Resources Inc.	6.4B	51
45	NEMNewmont Corporation	135.0B	51
46	FSMFortuna Mining Corp.	3.6B	51
47	ORE.AXOREZONE CDI 1:1 [ORE]	1.8B	51
48	PAF.LPan African Resources PLC	2.8B	50
49	1818.HKZhaojin Mining Industry Company Limited	78.4B	50
50	ORLAOrla Mining Ltd.	3.5B	50