Most mining companies have “gold” attached to their name, according to a study of Mining Intelligence company name frequency.
There are over 1,000 mining companies that use some variant of the word “gold” in their moniker. Some examples would be Barrick Gold (TSE:ABX) or Condor Gold (TSE:COG).
Data comes from Mining Intelligence, which tracks over 13,000 mining companies.
The second and third most popular commodities to add to a company name were “coal” followed by “copper”.
Adding a commodity to a name is a handy way to signal to investors what is the company’s focus.
Most companies opt not to attach a commodity to their name.
The Electric Vehicle Revolution
With the recent spike in battery-material prices, are more companies using some variant of “cobalt”, “lithium”, “nickel” or “graphite” in their names?
Looking at new companies that have formed or changed their names over the past four years, there hasn’t been a recent surge.
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