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===Corporate classifications=== Mining companies can be classified based on their size and financial capabilities: * ''Major'' companies are considered to have an adjusted annual mining-related revenue of more than US$500 million, with the financial capability to develop a major mine on its own. * ''Intermediate'' companies have at least $50 million in annual revenue but less than $500 million. * ''Junior'' companies rely on [[equity (economics)|equity]] financing as their principal means of funding exploration. Juniors are mainly pure exploration companies, but may also produce minimally, and do not have a revenue exceeding US$50 million.<ref name=MEG-CorpClass>{{cite web|url=http://www.metalseconomics.com/pdf/PDAC%202009%20World%20Exploration%20Trends.pdf|title=Metals Economics Group World Exploration Trends Report|access-date=2009-05-05|publisher=Metals Economics Group Inc.|archive-date=2012-08-03|archive-url=https://web.archive.org/web/20120803095004/http://www.metalseconomics.com/pdf/PDAC|url-status=dead}}</ref> Re their valuation, and stock market characteristics, see {{section link|Valuation (finance)|Valuation of mining projects}}.
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