The North America Precious Metals Sectors : A Company and Industry Analysis (August 2003)
Mergent, August 2003, Pages: 28
Current Environment - Key Points
- Globally, mining companies are shying away from hedging, which became popular in 2001 and further strengthened in 2002
- The Gold Survey 2003, released by GFMS in April this year, reported a decline in global gold mine production for the first time since 1994
- In the face of the continued global economic slowdown, the price of silver was resilient in 2002
- The recent gold bull market saw the price of gold rise 41%
- Canadian mineral production was stable in 2002, generating an impressive US$77 billion
- In July this year, Placer Dome Inc
(TSX:PDG) and its Australian subsidiary, Placer Dome Asia Pacific Ltd, entered into a share purchase agreement with shareholders of East African Gold Mines Ltd, an Australian unlisted public company
Industry Profile - Key Points
- Emerging geophysical technologies currently under development are expected to improve efficiency in the US mining sector
- Nevada gold production accounted for approximately 76% of all US production and 11.2% of world production in 2002
- The precious metals mining sector in Canada has attracted major foreign investment, especially from the US
- More than 85% of the work force in Canada's mining industry uses advanced technology, including electronics, advanced materials, expert systems and telecommunications
Market Trends and Outlook - Key Points
- In April this year, People's Bank of China removed all barriers to gold licensing for the manufacture, distribution and retailing of gold products, a move likely to have a positive impact on China's gold consumption in the future
- In the past few decades, the properties of gold compounds have attracted attention as potential cancer treatments
- Photography continues to be one of the major markets for silver
- Recycled autocatalysts are expected to add one million oz of secondary palladium to metal supply by 2007
- Despite the rarity of platinum metal, platinum is expected to be available in sufficient quantities and at reasonable prices for fuel cells to power millions of vehicles in the future
- The mining industry is expected be the only one in the US that experiences a decline in employment in 2010, according to Bureau of Labor Statistics employment projections
- Employment in the non-fuel mineral industry in Canada has been rising
Current Environment - US
- Sector Overview
- Sector Performance
- The Leading Players
- Merger and Acquisition Activity
- Flat IPO Market
Current Environment - Canada
- Sector Overview
- Industry Performance
- The Leading Players
- IPO Market
- Merger and Acquisition Activity
Industry Profile - US
- Industry Characteristics, Size and
Value
- Research and Development
- Foreign Direct Investment
- Government Investment
- Policy & Regulatory Environment
Industry Profile - Canada
- Industry Characteristics
- Industry Size and Value
- Research and Development
- Mining Regulations
- Mining Taxation
Market Trends & Outlook - US
- Gold Trends
- Silver Trends
- Platinum Group Metals Trends
- Employment Prospects
- Market Outlook
Market Trends & Outlook - Canada
- Precious Metals Trends
- Employment Prospects
- Market Outlook
Scope of This Report
Key References
Comparative Data
Sales Contacts
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