Top 10 Canadian miners by market cap – by Trish Saywell (Northern Miner – July 9, 2019)

Northern Miner

The Northern Miner presents the top-10 Canada-headquartered mining companies by market capitalization, as of July 2019.

1. Nutrien

Market capitalization: $41.8 billion

Nutrien (TSX: NTR; NYSE: NTR) is the world’s largest provider of crop inputs and services, and produces and distributes over 26 million tonnes of potash, nitrogen and phosphate products each year. In 2018, the company sold 13 million tonnes of potash, 10 million tonnes of nitrogen, and 4 million tonnes of phosphate.

It was formed in a 2018 merger between Potash Corp. of Saskatchewan, the world’s largest potash producer, second-largest phosphate producer and third-largest nitrogen producer, and Agrium, a retail supplier of agricultural products and service.

In February, Nutrien approved the purchase of up to 5% of its outstanding common shares over a one-year period through a normal course issuer bid, noting that the company’s “strong balance sheet and cash flow provide a significant opportunity to enhance shareholder value.”

Nutrien repurchased 7% of its outstanding shares between February 2018 and February 2019. Last year, its first full year, the company posted adjusted earnings before interest, taxes, amortization, and depreciation (EBITDA) of US$3.9 billion on sales of US$19.64 billion.

2. Barrick Gold

Market capitalization: $35.9 billion

Barrick (TSX: ABX; NYSE: GOLD) has the greatest number of ‘tier one’ assets under management and the lowest total cash cost among its senior gold peers. With its various joint-venture operations, Barrick also has the highest gold production from assets/mines under its management.

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