Miners
Miners: What It COSTS to Dig, and What They Report
Prices, movers, reports and costs for the gold, silver and copper miners.
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Mining stock movers
Earnings
| Date | Company | Metal | Note |
|---|---|---|---|
| Trekor Metals Ltd (TGB) | copper | Q3 2026 results, estimated from last year’s cadence | |
| Merdeka Copper Gold (MDKA) | gold | Q3 2026 results, estimated from last year’s cadence |
| Date | Company | Metal | Note |
|---|---|---|---|
| Boliden AB (BDNNY) | silver and copper | Q3 2026 results, estimated from last year’s cadence | |
| Elemental Royalty Corp (ELE) | gold | Q3 2026 results, estimated from last year’s cadence | |
| Ivanhoe Electric Inc (IE) | copper | Q3 2026 results, estimated from last year’s cadence | |
| Teck Resources Ltd (TECK) | copper | Q3 2026 results, estimated from last year’s cadence | |
| Newmont Corporation (NEM) | gold | Q3 2026 results, estimated from last year’s cadence | |
| Sandfire Resources Ltd (SFRRF) | copper | Q1 2027 results, estimated from last year’s cadence | |
| Merdeka Gold Resources (EMAS) | gold | Q3 2026 results, estimated from last year’s cadence | |
| Santacruz Silver Mining Ltd. (SCZM) | silver | Q3 2026 results, estimated from last year’s cadence |
| Date | Company | Metal | Note |
|---|---|---|---|
| NovaGold Resources Inc (NG) | gold | Q3 2026 results | |
| Freeport-McMoRan Inc (FCX) | copper | Q3 2026 results | |
| Antipa Minerals Limited (AZY) | gold | H1 2026 results |
Margins at today's spot
Today's spot price minus the latest reported mining cost. Reporting periods vary. This is an illustrative spread, not reported profit. Methodology
Miners today
The latest published quarter’s median cost per metal, from each company’s own filings. The charts, the company tables and every citation sit on the margins page.
| Company | Ticker | Reported mining cost | Basis | Latest report | Source |
|---|---|---|---|---|---|
| Freeport-McMoRan Inc | FCX | $1.97C1 cash cost ($/lb) | View source | ||
| Merdeka Gold Resources | EMAS | $1,754AISC ($/oz) | incl. royalty | View source | |
| KGHM Polska Miedz S.A. | KGHPF | $2.50C1 cash cost ($/lb) | View source | ||
| Americas Gold and Silver Corporation | USAS | $40.63AISC ($/oz) | View source | ||
| G Mining Ventures Corp | GMIN | $1,690AISC ($/oz) | View source | ||
| Avino Silver & Gold Mines Ltd. | ASM | $38.75AISC ($/oz) | AgEq | View source | |
| GoGold Resources Inc. | GGD | $40.78AISC ($/oz) | SEO | View source | |
| Orezone Gold Corporation | ORE | $2,449AISC ($/oz) | View source |
View all miners Miner margins: the full tracker All rankings
Where the gold price sits against producer costs
Source: SilverTrade Miner Margins data.
Cohort median
| Cohort median | |
|---|---|
| EMR | $818 |
| ARTG | $955 |
| LUG | $1,176 |
| DPM | $1,214 |
| KNT | $1,376 |
| AEM | $1,459 |
| NEM | $1,621 |
| GMIN | $1,690 |
| TXG | $1,699 |
| CGAU | $1,707 |