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Gold & Silver Ore Mining in the US - Industry Market Research Report

  • ID: 16662
  • Report
  • July 2021
  • Region: United States
  • 45 Pages
  • IBISWorld
Striking Gold: Heightened Economic and Social Instability is Expected to Buoy Industry Revenue

FEATURED COMPANIES

  • Barrick Gold Corporation
  • Kinross Gold Corporation
  • Newmont Corporation

Gold & Silver Ore Mining in the US

Like all commodity miners, revenue is largely a function of production volume and commodity prices. For the Gold and Silver Ore Mining industry, output volumes and sales prices for both gold and silver have remained volatile over the past five years, leading to significant industry contraction. Meanwhile, demand from manufacturers of electrical equipment, electronic products and jewelry, which comprise the industry's primary markets, has stagnated or even declined over the past five years as a result of high import penetration and input costs. It is also important to note that the industry has experienced great volatility during the current period on account of gold prices reaching all-time highs during the prior five-year period. For example, a drop in mined silver ore caused domestic production of industry metals to decline beginning in 2013; therefore, the Gold and Silver Ore Mining industry's revenue fell sharply in 2013. This trend reflects the influence on industry performance exerted by prices for gold and silver, which are traded on world financial markets. Over the five years to 2023, gold prices are expected to continue to soften as the global economy continues its steady growth and investors keep their holdings as higher-return assets.

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 semiprocessed gold or silver products and pay for further refining on a toll-charge basis. The refining process is included as part of the Nonferrous Metal Refining industry (report 33141).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Barrick Gold Corporation
  • Kinross Gold Corporation
  • Newmont Corporation
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Barrick Gold Corporation
  • Kinross Gold Corporation
  • Newmont Corporation
Note: Product cover images may vary from those shown

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