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 18%. 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 gets a composite score from 0 to 100 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	Lundin Gold Inc.LUG.ST	147.3B	86
2	Emerald Resources NLEMR.AX	4.1B	79
3	Zijin Gold International Company Limited2259.HK	328.1B	77
4	West African Resources LimitedWAF.AX	3.9B	75
5	Wanguo Gold Group Limited3939.HK	53.4B	75
6	DPMMETALS CDI 1:1 [DPM]DPM.AX	12.6B	75
7	DPM Metals Inc.DPM.TO	12.3B	75
8	Chifeng Jilong Gold Mining Group Limited6693.HK	58.3B	74
9	Perseus Mining LimitedPRU.TO	7.3B	73
10	Chifeng Jilong Gold Mining Group Limited600988.SS	73.2B	73
11	Royal Gold, Inc.RGLD	19.9B	72
12	Sichuan Gold Co., Ltd.001337.SZ	16.9B	70
13	Ramelius Resources LimitedRMS.AX	6.7B	69
14	Capricorn Metals LtdCMM.AX	6.1B	67
15	Shanjin International Gold Co., Ltd.000975.SZ	65.2B	67
16	Mako Mining Corp.MKO.V	993M	67
17	Agnico Eagle Mines LimitedAEM	89.2B	67
18	Wheaton Precious Metals Corp.WPM	56.1B	65
19	Metals Exploration plcMTL.L	504M	64
20	Gold Fields LimitedGFI	31.3B	64
21	DRDGOLD LimitedDRD	2.1B	63
22	AngloGold Ashanti PlcAU	43.1B	62
23	Wesdome Gold Mines Ltd.WDO.TO	4.1B	61
24	OR Royalties Inc.OR	6.2B	60
25	Mineros S.A.MSA.TO	2.5B	60
26	Tongguan Gold Group Limited0340.HK	12.2B	58
27	Zijin Mining Group Company Limited2899.HK	773.8B	58
28	Endeavour Mining plcEDV.L	9.5B	58
29	OceanaGold CorporationOGC.TO	7.9B	58
30	K92 Mining Inc.KNT.TO	6.1B	57
31	Zijin Mining Group Company Limited601899.SS	740.3B	57
32	Franco-Nevada CorporationFNV	44.7B	57
33	Coeur Mining, Inc.CDE	14.3B	56
34	Regis Resources LimitedRRL.AX	4.8B	56
35	Genesis Minerals LimitedGMD.AX	7.8B	56
36	Barrick Mining CorporationB	63.6B	54
37	Pantoro Gold LimitedPNR.AX	1.1B	54
38	Resolute Mining LimitedRSG.L	1.2B	52
39	Northern Star Resources LimitedNST.AX	35.3B	52
40	Evolution Mining LimitedEVN.AX	24.2B	52
41	Fortuna Mining Corp.FSM	2.8B	51
42	Torex Gold Resources Inc.TXG.TO	6.3B	51
43	Orezone Gold CorporationORE.TO	1.8B	51
44	OREZONE CDI 1:1 [ORE]ORE.AX	2.0B	51
45	Newmont CorporationNEM	120.2B	51
46	Orla Mining Ltd.ORLA	3.5B	50
47	Zhaojin Mining Industry Company Limited1818.HK	58.0B	50
48	Pan African Resources PLCPAF.L	2.3B	50
49	Zhongjin Gold Corp.,Ltd600489.SS	100.5B	48
50	Shandong Gold Mining Co., Ltd.1787.HK	79.3B	48

View the full parent sector

See all industries + sector-level statistics + framework filters.

/sector/materials/

Related on invest-like

Halal-Compliant Lowest Debt Economic Moat

Key terms in this analysis

ROIC Free Cash Flow (FCF)Economic Moat P/E Ratio Margin of Safety Quality Score

This is educational analysis based on investing frameworks. It is not investment advice or a recommendation, and it does not know your situation. Do your own research before you decide.