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Background: The relationship between share prices, earnings, and dividends is critically important in financial research, especially in volatile mining sectors. In South Africa, mining plays a crucial role in the economy, making understanding these relationships on the Johannesburg Stock Exchange vital for investors and policymakers. Objectives: This study investigates the correlation between the share prices of Anglo-American Platinum, Exxaro Resources, Kumba Resources Ltd., and Impala Platinum Holdings and their earnings and dividends. With investors' growing interest in seeking stable returns amidst market volatility, this research provides empirical evidence on how earnings and dividends affect share prices in high-dividend-paying companies, a key economic sector in South Africa. Methods/Approach: The study uses a quantitative, non-experimental correlational research design, analysing historical data from selected mining companies listed on the JSE. Statistical techniques, including Pearson correlation analysis and log transformation to manage outliers, were employed to explore the relationships between dependent and independent variables. Results: The analysis shows significant positive correlations, evidenced by a correlation coefficient of 0.96 between earnings per share (EPS) and dividends per share (DPS), 0.75 between price per share (PPS) and DPS, and 0.82 between EPS and PPS. The results underscore the importance of profit and dividend stability as indicators of financial health for mining investors and management. Conclusions: This study supports the Dividend Signalling Theory and Residual Theory of Dividends, contributing to the financial theory literature in the context of high-dividend-paying mining companies. It was also recommended that investors should pay attention to shares with increasing earnings, which, in turn, increase dividends and expansion opportunities, justifying a greater stock value.