* Forecast.
This statistic includes the aggregated results of the top 40 companies by market capitalization, as reported in PwC's Mine report in each of the respective years disclosed, except for 2014, which uses the current years’ Top 40’s financial comparative financial results. These companies represent the vast majority of the industry and serve as a proxy for the industry as a whole.
All income statement data presented excludes Glencore marketing and trading revenue and costs.
This statistic was assembled using various editions of the report.
Citation formats
Operating expenses of the top mining companies 2005-2025
In 2024, the ** leading companies in the mining industry had operating expenses of approximately *** billion U.S. dollars, an increase compared to *** billion U.S. dollars of operating expenses reported during the previous year. It is forecast to decline very slightly to *** billion U.S. dollars in 2025.
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PwC. (June 26, 2025). Total operating expenses of the top mining companies worldwide from 2005 to 2023, with a forecast for 2025 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 29, 2026, from /statistics/208723/operating-expenses-of-the-top-mining-companies/
PwC. "Total operating expenses of the top mining companies worldwide from 2005 to 2023, with a forecast for 2025 (in billion U.S. dollars)." Chart. June 26, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 29, 2026. /statistics/208723/operating-expenses-of-the-top-mining-companies/
PwC. (2025). Total operating expenses of the top mining companies worldwide from 2005 to 2023, with a forecast for 2025 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 29, 2026. /statistics/208723/operating-expenses-of-the-top-mining-companies/
PwC. "Total Operating Expenses of The Top Mining Companies Worldwide from 2005 to 2023, with a Forecast for 2025 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 26 Jun 2025, /statistics/208723/operating-expenses-of-the-top-mining-companies/
PwC, Total operating expenses of the top mining companies worldwide from 2005 to 2023, with a forecast for 2025 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/208723/operating-expenses-of-the-top-mining-companies/ (last visited July 29, 2026)
Total operating expenses of the top mining companies worldwide from 2005 to 2023, with a forecast for 2025 (in billion U.S. dollars) [Graph], PwC, June 26, 2025. [Online]. Available: /statistics/208723/operating-expenses-of-the-top-mining-companies/
