From US $ 880bn to US $ 909bn, the top 40 mining companies saw an increase in total revenues, driven by higher precious metal prices and improved operational cost management
EFFECTIVE TAX RATE
DEAL DOLLARS
STATISTICS
WRITTEN BY: OLIVIA HARTLAND-ROBBINS
3.3 %
YEAR-ON-YEAR INCREASE
From US $ 880bn to US $ 909bn, the top 40 mining companies saw an increase in total revenues, driven by higher precious metal prices and improved operational cost management
30 %
EFFECTIVE TAX RATE
for the top 40 miners reached 30 % in 2025 from 28 % the year before, with total tax expense hitting US $ 52bn
DEAL DOLLARS
went to gold, silver, copper and lithium, even as overall deal volume fell 20 % in 2025
14 October 2026