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B C B U S I N E S S . C A
J U LY/A U G U S T 2 0 2 5 K 9 2 M i n i n g ; b a c k g r o u n d : S o lli a / S h u t t e r s t o c k
WINNERS AND LOSERS:
STRIKING GOLD
By Darcy Matheson
Amid geopolitical uncertainty and skyrocketing demand from
central banks, the record price of gold in 2024 translated
to huge gains for B.C.-based mining companies. In fact, six
of our top 10 biggest revenue gainers are gold mining firms
headquartered here. But some other industries—including
fashion and construction—managed to squeak onto the list
too. On the flipside, B.C. utility providers saw a dip, as well as
companies in the beleaguered forestry sector. Read on for our
full list of winners and losers in the Top 100.
W I N N E R S
K92 MINING
Revenue change: +77.7%
Net income: $152.36 million
Net income change: +240.4%
It was an exceptional year for this Van-
couver-headquartered gold producer that
owns the Kainantu gold mine in Papua New
Guinea. Not only did the public firm end
the year with a record amount of cash, it
also hit record quarterly production for
gold, copper and silver. With construction
imminently starting on a new massive pro-
cessing plant, CEO John Lewins expects
2025 to be "transformational."
GOLD RUSH
K92 Mining taps into
opportunity with
underground mine
drilling in Kainantu
