Gold Mining Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Gold Mining Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : October, 2020 | Metals and Minerals | PPT format

Report Digest


Global Gold Mining Market: Overview

A variety of techniques are typically used to obtain gold from gold ores in the ground. They are: placer mining, sluicing, gold panning, dredging, hard-rock mining, rocker box, and by product mining. Gold mining has been carried out since ages and is a flourishing market even today. The high demand for gold as a potential mode of investment and the use of gold for making jewelry comprise two main factors driving the demand for gold across countries all over the world. Gold mining is mostly carried by large corporations. However, there are independent operations being carried out by smaller players.

Global Gold Mining Market: Key Trends

It has been found that producer hedging or forward selling of future production will affect the volume of gold which is being supplied in markets annually. As mine production is a long process, wherein the time period from mine discovery to actual production is extremely long, the mine lifecycle and project development timeline are very long. In order to manage project cost or debt servicing, gold miners often lock in a particular price for their gold production in future. Commitments such as these are bound to affect the amount of gold that enters the market. On a positive note however, there has been a reduction in the term of hedging agreements, which in the previous decades had a huge impact on the supply levels.

Global Gold Mining Market: Market Potential

Despite the fact that substantial new discoveries are rare and the production level is also constrained, the mining of gold has witnessed a significant rise in the last couple of years. Gold is one of the key factors contributing to the economic growth of various countries. Several gold mining projects are anticipated to go operational in the coming years and this will increase the production of gold. Growing prices and political instability will generate a high demand for gold and will fuel gold mining. Gold is perceived as a secure investment with high returns and this will create a heightened demand for gold in the years to come. Gold is now being used in technology and in electronics, which will further their demand. The central banks are also demanding gold in increasing amount, pushing miners to dig gold.

Global Gold Mining Market: Regional Outlook

Gold has been mined across all regions except Antarctica. Gold resources are increasingly becoming geographically diverse as compared to the concentrated supply from South Africa few decades ago.  While the World’s major source of gold is South Africa, China emerged as the leading producer of gold in 2016, making a significant contribution to the total production of gold annually. Expanding consumer electronics industry is fueling the demand for gold in Asia Pacific. The rising disposable income of the people in China will also help the market to grow. However, the dominance of one particular region cannot be pinned down in case of gold mining. Russia is emerging as a key producer of gold in Europe. Some of the other key producers of gold include, Australia, Indonesia, Brazil, Mexico, Canada, Peru, the US, Uzbekistan, and Papua New Guinea.

Global Gold Mining Market: Competitive Landscape

Some of the key players within the global gold mining market are Gold Corp, Barrick Gold, and Newcrest Mining. Some of the factors challenging players in the market include a lack of substantial discovery, cost pressure, and reduced project pipeline. The concept of responsible mining is also forcing gold miners to follow environmental and safety standards

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?