{
  "id": 287556,
  "title": "World’s biggest mining companies now worth $2.17 trillion",
  "url": "https://urgent.news/2026/08/08/worlds-biggest-mining-companies-now-worth-2-17-trillion",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-08T01:11:59.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/worlds-biggest-mining-companies-now-worth-2-17-trillion/"
  },
  "original_language": "en",
  "account": "At the end of July, the combined market capitalization of the world's most valuable mining companies had reached $2.17 trillion, marking an $18 billion increase for the month and a $26 billion gain so far in 2026. The Top 50 ranking, which is now on a monthly basis and recalculation from the start of the decade, has seen a significant $545 billion swing from July's high of $2.33 trillion to June's low of $2.15 trillion. The biggest winners were gold miners, Zijin Mining and Polyus, while the biggest losers were also gold miners, Fresnillo, Coeur, and Agnico Eagle. Zijin's surge was driven by a first-half profit alert in July, with net profit up 68% and gold output up 15%. Polyus suspended dividends until 2030 to fund investment projects, causing its stock to drop 26% in a single session. Western mining companies like Managem, Lundin Gold, and Alamos Gold also saw significant gains. Meanwhile, China's gold stocks fell considerably as gold prices dropped from a record high of over $5,590 an ounce in January. South32 returned to the ranking after selling its aluminum business to Alcoa, and Amman Mineral made a notable rise in the Top 50.",
  "summary": "An $18 billion July gain hides stock swings of 40% in a month, a $50 billion gap at the top no ranking has seen before, and a spinning revolving door at the bottom.",
  "key_points": [
    "World's biggest mining companies' market cap reaches $2.17 trillion in July.",
    "Gold miners Zijin Mining and Polyus lead gains, Fresnillo, Coeur, and Agnico Eagle lag.",
    "China's gold stocks decline as gold prices drop from record high."
  ],
  "editors_take": "The resurgence in gold miners like Zijin Mining and Polyus, alongside Western mining companies, is driving a significant shift in the global mining market's valuation and hierarchy.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}