Top 20 dividend yield for North American miners. The spread runs from 5.6% to 0.17%.
Vale tops it — but read the asterisk. Most of Vale's return comes back as interest-on-capital, a Brazilian structure that is economically a dividend but rarely shows up cleanly on a screen. Count it, and Vale leads. That is the kind of call you can only make if you have read the filing, not the data feed.
Below Vale, the pattern is commodity, not geography. Gold Fields at 4.2%, AngloGold Ashanti at 3.9%, Rio Tinto at 4.0% — a blowout gold year and an iron-ore major handing back cash.
The gold majors that dominate the market-cap table — Newmont Corporation, Agnico Eagle Mines Limited, Barrick Mining Corporation — pay under 1% each. Capital is going into the ground, not the distribution.
The royalty names tell the same story. Franco-Nevada Corporation and Wheaton Precious Metals both sit under 1%. Their equity has re-rated faster than the payout has grown. That compression is the price of the premium.
Methodology note: Trailing yield only. Sum of dividends with ex-dates in the TTM window, divided by the share price on 20 May 2026. USD-reporting names converted using the company's own currency notice. ADR yields shown; BHP and Rio per ADS. FX at declaration date. Less searching. More strategising.™
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