Top 50 mining companies power through Iran war – up $250 billion in 2026
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The world's top 50 mining companies have seen their combined market capitalization increase by $250 billion in 2026, despite the US-Iran war. The market correction occurred a month before the war started, with gold and silver prices dropping after hitting record highs in January.
The MINING.COM TOP 50 ranking of the world's most valuable miners has a combined market capitalization of $2.41 trillion. The market correction occurred before the US-Iran war. Gold has traded sideways since then, with an 8% gain year to date. Silver is also trading positively. Copper is down 2% since end-2025. Lithium stocks have seen a resurgence, with Chile's SQM and US producer Albemarle returning to the Top 50. Most mining stocks are trending positively, with a few exceptions. Barrick Mining has seen a 5% retreat year to date, while Newmont and Agnico Eagle have seen gains.
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