Fraser Institute Annual Survey of Mining Companies 2020-2026

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Utah ranked first this year with the highest PPI score of 100, moving up from fourth place in the 2022 report. Saskatchewan took the second spot held by Botswana in 2022. Along with Utah and Saskatchewan, the top 10 ranked jurisdictions are Manitoba, Botswana, Nevada, Quebec, Arizona, Finland, Wyoming, and Alberta.
The mining market size has grown strongly in recent years. It will grow from $2.26 trillion in 2024 to $2.4 trillion in 2025 at a compound annual growth rate (CAGR) of 6.2%.
Consequently, the mining sector is pivotal to the worlds economy. The revenue of the top 40 global mining companies, which represent a vast majority of the whole industry amounted to a record 943 billion U.S. dollars in 2022, and dropped down to an estimated 792 billion U.S. dollars in 2024.
Mining in the United States has been active since the beginning of colonial times, but became a major industry in the 19th century with a number of new mineral discoveries causing a series of mining rushes. In 2015, the value of coal, metals, and industrial minerals mined in the United States was US$109.6 billion.
The most prominent mining companies, which are mainly based in China, Switzerland, Brazil, the U.K., and Australia, are leaders in the extraction and processing of base and precious metals.

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The junior mining market is populated with about 2,500 companies with market capitalizations of under $500M, approximately half of which have market capitalizations of less than $10M.
Production in Mining market is projected to amount to 15.32tn kg in 2025. An annual growth rate of 2.12% is expected (CAGR 2025-2029).

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