Canada's Biggest Publicly Traded Mining Companies (Ranked by Revenue)

We've already ranked the best Canadian mining stocks by market capitalization. This is a different list: Canada's biggest publicly traded mining companies ranked by 2025 annual revenue, a lens that surfaces some different names entirely.

Commodity prices are the biggest single driver. A company's revenue rises and falls largely with the market price of what it produces, gold, copper, potash, regardless of how efficiently it runs its operations. Beyond price, three other factors matter: production volume (how much a company actually extracts and sells), production costs (how much it spends to get each unit out of the ground), and currency effects, since most metals are priced in U.S. dollars while Canadian miners report costs partly in Canadian dollars.

This is also why this list looks different from a ranking by market capitalization. Streaming and royalty companies, for example, can carry large market caps while reporting comparatively modest revenue, because they collect a cut of production rather than sell the metal themselves.

Nutrien is the world's largest provider of crop nutrients, and its Potash segment makes it the largest potash miner globally. It's worth flagging clearly: most of Nutrien's $26.9 billion in 2025 revenue comes from its Retail division, which distributes crop inputs and services, not from mining directly. The company posted record Q1 2026 potash sales volumes, while also reviewing strategic options for its phosphate business, Trinidad nitrogen operations, and Brazilian soybean seed unit as part of a broader portfolio simplification.

Barrick produced 3.26 million ounces of gold in 2025 and has expanded into copper as part of a 2025 rebrand from Barrick Gold. Its assets span North America, South America, Africa, and the Middle East. The company overhauled its shareholder returns in late 2025, adopting a new dividend policy targeting 50% of attributable free cash flow, and is reportedly evaluating an IPO of its North American gold assets, a move that would mark a significant restructuring.

Agnico Eagle Mines Limited is Canada's largest gold producer by output, with payable gold production of 3,447,367 ounces in 2025 across mines in Canada, Finland, Mexico, and Australia. A 44.9% jump in realized gold prices drove its revenue up nearly 44% year-over-year. Its assets sit almost entirely in low-risk mining jurisdictions, a factor investors often cite when it trades at a premium valuation to peers with more geopolitically exposed operations.

Teck Resources Limited is a diversified miner producing copper and zinc, with secondary output including lead, silver, and germanium, the same germanium at the center of Ottawa's recent $400 million investment in Teck's Trail, B.C. smelter. Teck is also completing a merger of equals with Anglo American, tentatively named Anglo Teck. Along with First Quantum and Barrick's copper pivot, this reflects a broader industry bet on copper demand tied to AI data center buildout and the wider energy transition.

First Quantum is a copper-focused miner with operations across nine countries, producing 396,000 tonnes of copper, 152,000 ounces of gold, and 23,200 tonnes of nickel in 2025. Its Kansanshi mine in Zambia is a core asset following the 2025 S3 expansion, and carries added weight since the company's Cobre Panamá mine was shut down by Panama's government in 2023, a reminder that jurisdiction risk can outweigh a strong balance sheet overnight.