In this article, we will discuss the 8 Mining Stocks with the Highest Dividends.
Earlier in the year, Fundstrat managing partner Tom Lee touted energy and basic materials as top sectors for the year. Fast forward, energy stocks have outperformed amid an uptick in oil and gas prices following the US-Iran war. On the other hand, basic materials stocks have also outperformed but remain under pressure heading into the second half of the year.
Declining metal prices, both precious and base metals, are the latest headwind taking a toll on mining stocks. For starters, iron ore prices have dropped to around $103 a tonne due to near-record inventory levels in China. Aluminum prices have also tumbled on eased supply chain disruptions in the Middle East.
Gold has also disappointed, plunging from all-time highs after a 20%+ pullback. The precious metal has faced selling pressure amid expectations that the US central bank will raise interest rates. In addition, central banks in Turkey and India have also sold their physical reserves, putting pressure on the yellow metal.
Amid the sell-off, Barclays remains optimistic about Gold’s long-term prospects, insisting it has undergone a reset and is poised for a rebound. Barclays strategists wrote:
“Our estimates suggest gold rises by roughly 5% for every 1% increase in the level of US CPI, leaving the inflation impulse from the recent energy shock an important part of the bullish case.”
According to Jefferies, mining stocks are well-positioned to benefit from strong US Capital expenditure, focused on data centers and power infrastructure. Likewise, the stocks are poised to receive a boost amid a rotation from technology stocks whose valuations have gotten out of hand after rallying to all-time highs.
Our Methodology
To compile a list of the 8 Mining Stocks with the highest dividends, we used Finviz and Yahoo Screener to scan for companies with mining-sector operations. We then used Google Finance to select stocks with a high dividend yield of more than 2% as of June 24. We also detailed the number of hedge funds that hold stakes in the stocks in Q1 2026. Finally, we ranked the stocks in ascending order by the number of hedge funds that hold stakes in them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Mining Stocks with the Highest Dividends
8. POSCO Holdings Inc. (NYSE:PKX)
Dividend Yield: 3.03%
Number of Hedge Fund Holders: 8
Posco Holdings Inc. (NYSE:PKX) is one of the mining stocks with the highest dividends.
On June 18, it emerged that Posco Holdings Inc. (NYSE:PKX) has completed the construction of South Korea’s largest electric arc furnace, marking an important milestone in the ongoing transition towards low-carbon steel production. The facility at Gwangyang, South Jeolla Province, boasts an annual production capacity of 2.5 million tons as part of a $392.6 million investment. Construction of the furnace began in 2024 in response to tightening global decarbonization policies.
Additionally, the electric arc furnace will allow Posco Holdings to meet the growing demand for low-emission steel products. The furnace stands out as it leverages recycled steel scrap as its primary material and is expected to reduce carbon emissions by up to 75% compared to conventional blast furnace operations.
Its construction underscores the company’s push to commercialize advanced steel products, including automotive steel sheets and electrical steel. The company has already categorized premium steel as one of its strategic product categories.
POSCO Holdings Inc. (NYSE:PKX) is the parent holding company that manages the POSCO Group’s business portfolio, overseeing a massive conglomerate spanning steelmaking, eco-friendly materials, and global infrastructure. It heavily invests in mining and resource extraction globally to secure its supply chains.
7. Gerdau S.A. (NYSE:GGB)
Dividend Yield: 3.11%
Number of Hedge Fund Holders: 22
Gerdau S.A. (NYSE:GGB) is one of the mining stocks with the highest dividends.
On June 16, Gerdau S.A. (NYSE:GGB) reached an agreement to acquire Companhia Paranaense de Energia’s entire 23.03% equity stake in the Dona Francisca Energética hydro plant for an enterprise value of $29.6 million.
With the acquisition, the company gains full ownership of the plant in Rio Grande do Sul state, Brazil. The Dona Francisca hydroelectric power plant boasts an installed capacity of 125 MW and firm energy of 72.5 average MW.
Consequently, the acquisition is poised to strengthen Gerdau SA’s position in the energy market and increase its self-generation capacity by an average of 30.4 MW. Additionally, the acquisition is expected to positively impact Gerdau’s long-term growth and stability in electricity supply. The acquisition will also prepare the company for future growth in electricity demand.
Gerdau S.A. (NYSE:GGB) is a leading global steel producer and the largest recycler of ferrous scrap in Latin America. They transform millions of tons of recycled metals into long, specialized steel products used across the automotive, construction, agriculture, and energy industries.
6. Gold Fields Limited (NYSE:GFI)
Dividend Yield: 4.71%
Number of Hedge Fund Holders: 27
Gold Fields Limited (NYSE:GFI) is one of the mining stocks with the highest dividends.
On June 2, Gold Fields Limited (NYSE:GFI) subsidiary Windfall Mining Group entered into an Impact Benefit Agreement with the Cree First Nation of Waswanipi (CFNW), the Cree Nation Government, and the Grand Council of the Crees. The agreement is for the Windfall Mining Project.
The agreement establishes a comprehensive framework spanning the project’s financial, operational, and environmental development. In addition, the agreement will ensure the development of natural resources to deliver genuine and lasting benefits to Cree communities.
Windfall Mining Project is a high-grade gold development project poised to reach initial production before the end of the year. Gold Fields expects the project to yield approximately 306,000 ounces of gold annually over a 10-year lifespan.
Gold Fields Limited (NYSE:GFI) is a globally diversified gold mining company. It manages the exploration, development, and extraction of gold (and some copper) across operations located in Australia, Canada, Chile, Ghana, Peru, and South Africa.
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