Filing Flows › Industries › Materials › Gold and Silver Ores
Gold and Silver Ores SIC 1040
14 companies filing with the SEC under SIC 1040. Median revenue growth +32% year on year in Q2 2026 (middle half +7% to +72%, 12 companies). The growth model expects the industry's combined revenue to grow +25% in Q3 2026. 2 customer or supplier links named in annual reports.
Money flow: where the industry's revenue goes
Drawn in the browser: an estimate of where the industry's revenue goes — what it buys from other industries, the pay that reaches households, taxes and profit — beside its filed cash flow, two tiers of suppliers and its capital spending by kind of asset.
Open the industry: growth distribution, money flow, network →
Who sells to whom
Customers and suppliers named in the companies' annual reports; the share is of the supplier's revenue.
- MUX → Auramet International LLC ("Auramet")
- MUX → Asahi Refining Inc
Growth model
Industry revenue, the same companies year on year; 80% ranges. Fitted on SEC filings and tested out of sample (how).
| Quarter | Growth Y/Y | Revenue | 80% range |
|---|---|---|---|
| Q3 2026 | +25.0% | $9.1B | $7.1B – $11.0B |
| Q4 2026 | +21.2% | $9.9B | $7.2B – $12.7B |
| Q1 2027 | +18.5% | $12.3B | $8.6B – $15.9B |
| Q2 2027 | +16.4% | $10.8B | $7.4B – $14.2B |
Capital spending and supply chain →
Companies
| Company | Quarterly revenue | Y/Y | Stage |
|---|---|---|---|
| NEM Newmont | $6.4B | +15% | deceleration |
| B Barrick Mining | $3.7B | — | transition |
| CDE Coeur Mining | $984M | +126% | deceleration |
| WPM Wheaton Precious Metals | $772M | +85% | deceleration |
| AG First Majestic Silver | $394M | +303% | deceleration |
| FNV Franco Nevada | $369M | +57% | deceleration |
| MUX McEwen | $59.2M | +27% | deceleration |
| IAUX i-80 Gold | $32.7M | -13% | contraction |
| URG Ur-Energy | $14.4M | +38% | reacceleration |
| IDR Idaho Strategic Resources | $10.7M | +13% | deceleration |
| FTCO Fortitude Gold | $8.2M | +68% | reacceleration |
| PGOL Patriot Gold | $1.8M | — | contraction |
| NMEX Northern Minerals & Exploration | $8K | -11% | contraction |
| VRDR Verde Resources | $1K | -81% | contraction |
Growth from positive, comparable quarterly revenue as filed; industries are SEC Standard Industrial Classification codes. Data Nov 8, 2026.