Ongoing concerns about conditions in global financial markets and tension in the Middle East have added to gold's lustre. These trends have renewed investor interest in the metal, which has resulted in a rising gold price. The Gold Ore Mining industry is expected to generate revenue of $13.3 billion in 2012-13, compared with $7.96 billion in 2007-08, yielding annualised growth of 10.8%. Industry revenue is forecast to fall by 1.9% in 2012-13, as lower gold prices (in Australian dollars, adjusted for inflation) more than offset increased output.
Firms in this industry mine gold-bearing ore and typically process it into gold bullion, either by smelting or by solvent extraction methods.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.