Inside the Portfolios of the Biggest Mining Billionaires in 2024

A comprehensive breakdown of mining billionaires, their top-performing companies, and year-to-date (YTD) returns in 2024.

Editorial Team (ET)May 9, 2025

Investing in the mining industry has always been a challenge, but following in the footsteps of those who dominate the sector provides valuable insights. Mining billionaires have unique insights, strategies, and networks that make their moves worth watching. Keeping track of the companies they back can help you navigate this complex space and make more informed investment decisions.

This watchlist highlights some of the most influential figures in mining today, along with their top-performing companies, showing you how their portfolios have performed year-to-date (YTD).

Richard Warke

Richard Warke is no stranger to big wins in the mining industry. His extensive experience has resulted in several multi-billion-dollar takeovers, making him one of the key players to follow in this space. His current portfolio reflects both successes and challenges.

Highlander Silver (HSLV): The shining star in Warke’s portfolio is Highlander Silver, which has delivered a robust 61.36% YTD return. This silver mining company has gained traction, primarily driven by rising silver prices and strong management.

Augusta Gold (G): While not as impressive, Augusta Gold has shown 7.14% YTD growth, a steady performer in Warke's lineup. This company’s focus on gold exploration in Nevada positions it for potential future gains.

Solaris Resources (SLS): On the downside, Solaris Resources has struggled, with a -19.58% YTD decline. Despite its setbacks, Solaris remains focused on copper exploration in Ecuador, a critical metal for the green energy transition.

Titan Mining (TI): Unfortunately, Titan Mining is another underperformer, with a -33.82% YTD return. This zinc mining company has faced difficulties, partly due to falling zinc prices and operational challenges.

Pierre Lassonde

Pierre Lassonde, often dubbed the godfather of mining royalty streaming, has seen some strong performances across his portfolio. Known for co-founding Franco Nevada, Lassonde’s investments reflect his sharp acumen in mining finance.

ATEX Resources (ATX): Leading the charge in Lassonde’s portfolio is ATEX Resources, which saw an astounding 98.61% YTD increase. The company’s focus on copper exploration in Chile has drawn significant investor interest.

Orla Mining (OLA): A healthy 32.47% YTD gain from Orla Mining is another highlight. Orla’s gold and silver projects in Mexico have benefitted from strong commodity prices and increased production.

Faraday Copper (FDY): Faraday Copper has posted solid returns of 21.54% YTD, making it one of the steady performers in Lassonde’s portfolio. Its exploration projects in Arizona and Nevada have shown promise.

Franco Nevada (FNV): Lassonde’s crown jewel, Franco Nevada, saw 16.46% YTD growth. The company remains a leader in royalty and streaming agreements, offering lower-risk exposure to mining revenues.

Prime Mining (PRYM): Prime Mining rounds out his portfolio with a modest 7.64% YTD increase, focusing on gold exploration in Mexico.

Frank Giustra

Frank Giustra’s portfolio leans heavily toward exploration and development companies, often yielding high rewards and high risks.

Libero Copper & Gold (LBC): At the top of the list is Libero Copper & Gold, which delivered a stunning 103.33% YTD return. Investors have flocked to this junior miner due to its promising copper and gold projects in South America.

Oceanic Iron Ore (FEO): Matching its stellar performance is Oceanic Iron Ore, which posted a 100.00% YTD return, driven by the demand for iron ore in global markets.

Aris Mining (ARIS): Aris Mining has also performed well, with a 48.67% YTD return. This company focuses on gold mining in Colombia and remains a key player in Giustra’s portfolio.

West Red Lake Gold (WRLG): With a 6.33% YTD return, West Red Lake Gold has seen modest growth, driven by its Canadian exploration projects.

NexGold (NEXG): However, NexGold has faced significant challenges, with a -69.70% YTD drop. This highlights the high-risk nature of exploration-focused investments.

The Lundin Family

The Lundin family’s legacy in the mining sector is long-standing, with a diverse portfolio of assets across the globe.

Lundin Gold (LUG): A standout in the family’s holdings, Lundin Gold posted a remarkable 81.78% YTD increase. The company’s gold mine in Ecuador has consistently delivered strong production numbers.

Filo Mining (FIL): Filo Mining has also performed well, with a 50.35% YTD return, thanks to its exploration activities in South America.

Bluestone Resources (BSR) and NGEX Minerals (NGEX): Both Bluestone Resources and NGEX Minerals have shown 26.03% YTD returns, making them solid mid-tier performers in the Lundin portfolio.

Lundin Mining (LUN): With a 21.65% YTD return, Lundin Mining continues to deliver steady results from its diverse range of base metal projects.

Fireweed Metals (FWZ): Fireweed Metals saw 14.66% YTD growth, focusing on zinc, lead, and silver projects in Canada.

Robert Friedland

Robert Friedland’s influence in the mining sector is immense, and his investments are often closely watched by industry insiders.

Ivanhoe Mines (IVN): Leading Friedland’s portfolio is Ivanhoe Mines, which saw a 49.96% YTD increase, driven by copper production in Africa.

Cordoba Minerals (CDB): Cordoba Minerals posted a respectable 15.28% YTD return, continuing to advance its copper projects in Colombia.

Ivanhoe Electric (IE): However, Ivanhoe Electric struggled with a -23.16% YTD decline, highlighting the volatile nature of mining stocks.

Ross Beaty

Ross Beaty, known as a serial mining entrepreneur, has had mixed results in 2024.

Osino Resources (OSI): A solid performer in his portfolio, Osino Resources posted 35.71% YTD returns, largely due to its gold projects in Namibia.

Equinox Gold (EQX) and Lumina Gold (LUM): Both Equinox Gold and Lumina Gold showed strong growth, with 34.95% and 34.21% YTD returns, respectively.

MTB Metals (MTB) and Decade Resources (DEC): Not all of Beaty’s bets have paid off, as MTB Metals and Decade Resources posted significant declines of -68.75% and -75.00% YTD, respectively.

Ryan Beedie

Ryan Beedie, relatively new to the mining scene, has made some impressive moves in 2024.

Artemis Gold (ARTG): The top performer in Beedie’s portfolio, Artemis Gold, posted a whopping 117.54% YTD return. The company’s project in British Columbia has drawn attention from investors.

Oceanic Iron Ore (FEO): Beedie’s other significant holding, Oceanic Iron Ore, matched its strong performance with a 100.00% YTD return.

Key Takeaways from the Mining Billionaires Watchlist

Following the investment moves of mining billionaires provides valuable insights into the sector. While some investments have soared, others have struggled. One key takeaway is that diversification and patience are essential, as mining stocks can be highly volatile. In 2024, several titans like Frank Giustra and Ryan Beedie have reaped massive rewards, while others have faced notable setbacks.

Conclusion

In conclusion, the Mining Billionaires Watchlist reveals the highs and lows of the mining industry in 2024. Investors like Frank Giustra, Richard Warke, and Ross Beaty have portfolios that reflect both significant gains and losses. By keeping a close eye on these industry leaders, investors can learn important lessons about timing, risk management, and the broader mining market.

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