As the volatility of the international gold price continues to rise,the attention of the capital market to the gold mining industry continues to increase,and the merger and reorganization cases among the gold mining enterprises increase significantly.The research on the valuation of gold mining enterprises is becoming more and more important in the investment practice.At the same time,the gold mining enterprises have their particularity in the aspects of resource attribute,production period,capital expenditure,environmental protection and safety,which determines its certain differences from other industry valuation systems.Based on the valuation case of a gold company,the paper makes an in-depth analysis of the principles and methods of the valuation system of gold mining enterprises,with a view to enlightening the valuation practice of gold mining enterprises.