The Gold and Silver Ore Mining industry is one of the few industries that benefited from the economic crisis of recent years. In fact, strong demand from domestic and international investors drove gold prices to an all-time high. However, revenue has contracted since 2010 as gold prices dropped. In the five years to 2020, an improved economic outlook is expected to lead investors away from gold in favor of riskier, higher-return investments. Still, slight increases in production will lead to moderate revenue growth for the industry.
Operators in this industry mine gold and silver-bearing ores. Mining activities include the development of mine sites and the on-site processing of ore into a concentrate or bullion. Companies typically retain ownership of the semi-processed gold or silver products and pay for further refining on a toll-charge basis. The refining process is included as part of the Copper, Zinc and Lead Refining industry (IBISWorld report 33141).
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.