The global gold mining market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 1.8 billion by 2030. The growth in the market is attributed to the increasing demand for gold in jewelry and electronics industry, as well as its use in other industries such as dentistry and medicine. The increase in demand for gold has led to an increase in exploration activities across the globe, which has resulted in increased production of gold from mines across the world.
Placer mining accounted for over 50% of total revenue generated by global gold mining industry during 2017-2030, followed by sluicing (25%), rocker box (10%), dredging (5%) and harrock mining (<1%). Placer mining is expected to continue dominating this market with a share of over 50% during 2030 due to its low cost and high efficiency when compared with other methods such as sluicing or rocker box. Sluicing accounted for 25% share of total revenue generated by global gold mining industry during 2017-2030 due to its low cost and high efficiency when compared with other methods such as placer or rocker box.
5a) Gold mining companies are also investing in exploration projects to find new sources of ore that can be mined at a lower cost than current sources; this will help keep prices low while still meeting demand for the metal's use in jewelry and other goods; 5b) Mining companies are also looking into ways to recycle old electronics components such as cell phones or computers into usable metals like copper or silver that can then be used in manufacturing processes; this helps reduce waste while providing a source of raw materials for manufacturers who need them but don't want to rely on imports from countries with unstable economies or political situations.
- The price of gold is increasing, which is driving the demand for gold mining.
- Gold mining companies are investing in new technologies to increase production and lower costs.
- Countries with large reserves of gold are opening up their mines to foreign investment, which increases the supply of gold on the market and drives down prices.
- The global population is growing, which means more people will need more jewelry and other items made from gold, increasing demand for mined gold products as well as recycled materials like scrap metal that can be processed into new products like jewelry or electronics components.
Industry Growth Insights published a new data on “Gold Mining Market”. The research report is titled “Gold Mining Market research by Types (Placer Mining, Sluicing, Gold Panning, Dredging, Hard-Rock Mining, Rocker Box), By Applications (Cupellation Method Refining, Inquartation Method Refining, Miller Chlorination Process Refining, Wohlwill Electrolytic Process Refining, Aqua Regia Process Refining), By Players/Companies Newmont Mining, Coeur Mining, Freeport-McMoRan, North Bloomfield Mining and Gravel Company, Gold Reserve, Golden Star Resources, NovaGold Resources, Royal Gold, Homestake Mining Company, Delta Consolidated Mining Company, Dakota Territory Resource Corp, Barrick Gold, AngloGold Ashanti, Goldcorp, Kinross Gold, Newcrest Mining, Gold Fields, Polyus Gold, Agnico Eagle, Sibanye”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gold Mining Market Research Report
By Type
Placer Mining, Sluicing, Gold Panning, Dredging, Hard-Rock Mining, Rocker Box
By Application
Cupellation Method Refining, Inquartation Method Refining, Miller Chlorination Process Refining, Wohlwill Electrolytic Process Refining, Aqua Regia Process Refining
By Companies
Newmont Mining, Coeur Mining, Freeport-McMoRan, North Bloomfield Mining and Gravel Company, Gold Reserve, Golden Star Resources, NovaGold Resources, Royal Gold, Homestake Mining Company, Delta Consolidated Mining Company, Dakota Territory Resource Corp, Barrick Gold, AngloGold Ashanti, Goldcorp, Kinross Gold, Newcrest Mining, Gold Fields, Polyus Gold, Agnico Eagle, Sibanye
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Gold Mining Market Report Segments:
The global Gold Mining market is segmented on the basis of:
Types
Placer Mining, Sluicing, Gold Panning, Dredging, Hard-Rock Mining, Rocker Box
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cupellation Method Refining, Inquartation Method Refining, Miller Chlorination Process Refining, Wohlwill Electrolytic Process Refining, Aqua Regia Process Refining
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Newmont Mining
- Coeur Mining
- Freeport-McMoRan
- North Bloomfield Mining and Gravel Company
- Gold Reserve
- Golden Star Resources
- NovaGold Resources
- Royal Gold
- Homestake Mining Company
- Delta Consolidated Mining Company
- Dakota Territory Resource Corp
- Barrick Gold
- AngloGold Ashanti
- Goldcorp
- Kinross Gold
- Newcrest Mining
- Gold Fields
- Polyus Gold
- Agnico Eagle
- Sibanye
Highlights of The Gold Mining Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Placer Mining
- Sluicing
- Gold Panning
- Dredging
- Hard-Rock Mining
- Rocker Box
- By Application:
- Cupellation Method Refining
- Inquartation Method Refining
- Miller Chlorination Process Refining
- Wohlwill Electrolytic Process Refining
- Aqua Regia Process Refining
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gold Mining Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
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- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gold mining is the extraction of gold from the earth. Gold is found in different forms, including nuggets, flakes, and grains. The most common way to extract gold from the ground is by using a pan or sluice box and a stream of water.
Some of the key players operating in the gold mining market are Newmont Mining, Coeur Mining, Freeport-McMoRan, North Bloomfield Mining and Gravel Company, Gold Reserve, Golden Star Resources, NovaGold Resources, Royal Gold, Homestake Mining Company, Delta Consolidated Mining Company, Dakota Territory Resource Corp, Barrick Gold, AngloGold Ashanti, Goldcorp, Kinross Gold, Newcrest Mining, Gold Fields, Polyus Gold, Agnico Eagle, Sibanye.
The gold mining market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gold Mining Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gold Mining Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gold Mining Market - Supply Chain
4.5. Global Gold Mining Market Forecast
4.5.1. Gold Mining Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gold Mining Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gold Mining Market Absolute $ Opportunity
5. Global Gold Mining Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gold Mining Market Size and Volume Forecast by Type
5.3.1. Placer Mining
5.3.2. Sluicing
5.3.3. Gold Panning
5.3.4. Dredging
5.3.5. Hard-Rock Mining
5.3.6. Rocker Box
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gold Mining Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gold Mining Market Size and Volume Forecast by Application
6.3.1. Cupellation Method Refining
6.3.2. Inquartation Method Refining
6.3.3. Miller Chlorination Process Refining
6.3.4. Wohlwill Electrolytic Process Refining
6.3.5. Aqua Regia Process Refining
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gold Mining Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gold Mining Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gold Mining Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gold Mining Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gold Mining Demand Share Forecast, 2019-2026
9. North America Gold Mining Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gold Mining Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gold Mining Market Size and Volume Forecast by Application
9.4.1. Cupellation Method Refining
9.4.2. Inquartation Method Refining
9.4.3. Miller Chlorination Process Refining
9.4.4. Wohlwill Electrolytic Process Refining
9.4.5. Aqua Regia Process Refining
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gold Mining Market Size and Volume Forecast by Type
9.7.1. Placer Mining
9.7.2. Sluicing
9.7.3. Gold Panning
9.7.4. Dredging
9.7.5. Hard-Rock Mining
9.7.6. Rocker Box
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gold Mining Demand Share Forecast, 2019-2026
10. Latin America Gold Mining Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gold Mining Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gold Mining Market Size and Volume Forecast by Application
10.4.1. Cupellation Method Refining
10.4.2. Inquartation Method Refining
10.4.3. Miller Chlorination Process Refining
10.4.4. Wohlwill Electrolytic Process Refining
10.4.5. Aqua Regia Process Refining
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gold Mining Market Size and Volume Forecast by Type
10.7.1. Placer Mining
10.7.2. Sluicing
10.7.3. Gold Panning
10.7.4. Dredging
10.7.5. Hard-Rock Mining
10.7.6. Rocker Box
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gold Mining Demand Share Forecast, 2019-2026
11. Europe Gold Mining Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gold Mining Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gold Mining Market Size and Volume Forecast by Application
11.4.1. Cupellation Method Refining
11.4.2. Inquartation Method Refining
11.4.3. Miller Chlorination Process Refining
11.4.4. Wohlwill Electrolytic Process Refining
11.4.5. Aqua Regia Process Refining
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gold Mining Market Size and Volume Forecast by Type
11.7.1. Placer Mining
11.7.2. Sluicing
11.7.3. Gold Panning
11.7.4. Dredging
11.7.5. Hard-Rock Mining
11.7.6. ocker Box
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gold Mining Demand Share, 2019-2026
12. Asia Pacific Gold Mining Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gold Mining Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gold Mining Market Size and Volume Forecast by Application
12.4.1. Cupellation Method Refining
12.4.2. Inquartation Method Refining
12.4.3. Miller Chlorination Process Refining
12.4.4. Wohlwill Electrolytic Process Refining
12.4.5. Aqua Regia Process Refining
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gold Mining Market Size and Volume Forecast by Type
12.7.1. Placer Mining
12.7.2. Sluicing
12.7.3. Gold Panning
12.7.4. Dredging
12.7.5. Hard-Rock Mining
12.7.6. Rocker Box
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gold Mining Demand Share, 2019-2026
13. Middle East & Africa Gold Mining Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gold Mining Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gold Mining Market Size and Volume Forecast by Application
13.4.1. Cupellation Method Refining
13.4.2. Inquartation Method Refining
13.4.3. Miller Chlorination Process Refining
13.4.4. Wohlwill Electrolytic Process Refining
13.4.5. Aqua Regia Process Refining
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gold Mining Market Size and Volume Forecast by Type
13.7.1. Placer Mining
13.7.2. Sluicing
13.7.3. Gold Panning
13.7.4. Dredging
13.7.5. Hard-Rock Mining
13.7.6. Rocker Box
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gold Mining Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gold Mining Market: Market Share Analysis
14.2. Gold Mining Distributors and Customers
14.3. Gold Mining Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Newmont Mining
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Coeur Mining
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Freeport-McMoRan
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. North Bloomfield Mining and Gravel Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gold Reserve
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Golden Star Resources
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NovaGold Resources
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Royal Gold
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Homestake Mining Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Delta Consolidated Mining Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dakota Territory Resource Corp
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Barrick Gold
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. AngloGold Ashanti
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Goldcorp
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kinross Gold
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Newcrest Mining
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Gold Fields
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Polyus Gold
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Agnico Eagle
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Sibanye
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
