Gold Mining Market

Gold Mining Market

  • BCC Research
  • September 2021
  • Power
  • 107 pages

Report Description

Summary:

The history of gold involved money, but that changed in developed economies after WWII. At the end of the war, the Bretton Woods monetary system was formed, a standard of fixed exchange rates. In 1971, this system broke down when the U.S. unilaterally ended its gold standard.

The gold mining market is expected to grow at a compound annual growth rate of REDACTED% over the forecast period to reach REDACTED tons in 2026 from REDACTED tons in 2021. Rising investments and increasing jewelry consumption are growing the gold mining market. Gold jewelry is the most significant growth factor, but the demand for jewelry has been declining, more so in 2020 due to COVID-19 pandemic. Demand declined due to shutdowns in the market and increased prices. During the pandemic, gold prices peaked and are expected to decline during the forecast period. Investment is the second largest end-use of gold, accounting for about one-third of the total consumption. During the pandemic, demand from investment sector boomed, spurred by the demand growth for exchange traded funds (ETFs).

By supply, mine production accounts for the majority share of the market, accounting for about one-third. Hardrock mining holds the major share of the gold mining, followed by placer mining. Bio-mining is emerging in different countries; however, its high operating cost is anticipated to hinder the growth of the bio-mining segment. Recycled gold is most responsive for the gold pricing. The vast majority of gold is recycled from jewelry (around 90%), the rest from technology. The gold market currently has a supply surplus of about 850 tons due to the decrease in demand for jewelry and technology applications during the pandemic. The demand was very much lesser than the previous ten years average.

During the past decade, the gold demand has significantly shift east from western countries such as U.S. and European countries due to the cultural affinity and the increased per capita income of consumers in countries such as China and India. Regulatory and taxation scenarios vary with the countries and regions.

The global gold mining market is fairly consolidated and the top players account for a significant share of the market. Top manufacturers of gold mining include Newmont Corp., Barrick Gold Corp., AngloGold Ashanti, Polyus, Kinross, Gold Fields, Newcrest, Agnico Eagle, Polymetal and Kirkland Lake. The top 10 players account for around 22-23% of the total market share, which is anticipated to grow due to increasing merger and acquisition activities among manufacturers.

Report Scope:

This report covers the gold mining industry. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of the regions, technology, end-uses and on-going trends.

This report covers the technological, economic and business considerations of the gold mining industry, with analyses and forecasts provided for global markets. The report includes descriptions of market forces relevant to the gold mining industry and their areas of application.

Global markets are presented for the size of gold mining segments, along with growth forecasts through 2026. Estimates of sales value are based on the price in the supply chain. It analyzes market-driving forces and examines industry structure. It also analyzes international aspects of all global regions and types of gold mining. Profiles of major global manufacturers also are presented.

This report considers the impact of COVID-19, which impacted the growth rate of every global industry in 2020 and continues to affect market forces.

The report segments the gold mining market by technology: placer mining, hardrock mining, bio-mining and recycling. The market also is segmented into following end-uses: jewelry, technology, investment and central banks.

Report Includes:

  • 87 data tables and 5 additional tables
  • An up-to-date analysis of current and future global markets for gold mining
  • Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
  • Evaluation and forecast the global gold mining market size in value (USD millions) and volumetric (tons) terms, and corresponding market share analysis by technology type, end use, and geography
  • Emphasis on the key developments that have made their mark on the overall gold mining market, along with an opportunity assessment of the metals and/or mining industry
  • Discussion of macroand micro-economic factors responsible for having an in-depth impact on the growth of global gold mining market and its sub-segments
  • Latest information on gold mining production and trade, industry supply chain structure, current trends and opportunities estimating current and future demand for gold mining
  • Identification of the companies best positioned to meet this demand owing to their proprietary technologies, M&A deals, collaborations, joint ventures, and other corporate strategies
  • Insight into growth development strategies of key market players operating within the global gold mining market; their key competitive landscape and company share analysis
  • Company profiles of major players in the market including Agnico Eagle, Barrick Gold Corp., Kinross Gold Corp., Newcrest, and PJSC Polyus

Countries Covered

  • Global

Keywords

  • Gold Mining Market

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Table of Contents

Chapter 1 Introduction
Gold Mining Processes
Exploration
Development
Operation
Decommissioning
Post-closure
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

Life Cycle of a Gold Mine
Value Chain Analysis
Manufacturing Process
Placer Mining
Panning
Sluicing
Dredging
Rocker Box
Hardrock Mining
Bio-mining

Chapter 4 Market Trends
Drivers
Increasing Demand from ETFs
Increasing Demand from Technology
Restraints
Volatile Gold Prices
Intense Regulatory Scrutiny
Trends
Bio-mining Focus
Impact of COVID-19 on the Gold Mining Industry
Jewelry, Technology and Central Banks
Impact on Investments
Regulations and Taxation
Regulations
Taxation

Chapter 5 Market Breakdown by Technology
Introduction
Placer Mining
Hardrock Mining
Bio-mining
Recycling

Chapter 6 Market Breakdown by End Use
Introduction
Jewelry
Technology
Investment
Central Banks

Chapter 7 Gold Mining Demand and Supply
Gold Mining Supply
Gold Mining Trade Analysis
Gold Mining Supply-Demand Analysis

Chapter 8 Market Breakdown by Region
Global Gold Mining Market
North America
U.S.
Canada
Latin America
Europe
Germany
Italy
France
U.K.
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC Countries
Rest of Middle East and Africa

Chapter 9 Competitive Landscape
Gold Mining Company Market Shares

Chapter 10 Company Profiles
AGNICO EAGLE MINES LTD.
ANGLOGOLD ASHANTI
BARRICK GOLD CORP.
GOLD FIELDS LTD.
KINROSS GOLD CORP.
KIRKLAND LAKE GOLD
NEWCREST MINING LTD.
NEWMONT CORP.
PJSC POLYUS
POLYMETAL INTERNATIONAL PLC

Chapter 11 Appendix: Acronyms

List of Tables

Summary Table B : Global Gold Mining Market, by End Use, Through 2026
Summary Table A : Global Gold Mining Market Volume, by End Use, Through 2026
Table 1 : ETFs Y-o-Y Growth for Prominent Countries, 2020
Table 2 : Gold Price Changes, 2010-2020
Table 3 : Global Gold Mining Market Volume, by Technology, Through 2026
Table 4 : Global Gold Mining Market, by Technology, Through 2026
Table 5 : Global Market Volume of Placer Mining Technology, by Region, Through 2026
Table 6 : Global Market for Placer Mining Technology, by Region, Through 2026
Table 7 : Global Market Volume of Hardrock Mining Technology, by Region, Through 2026
Table 8 : Global Market for Hardrock Mining Technology, by Region, Through 2026
Table 9 : Global Market Volume of Bio-mining Technology, by Region, Through 2026
Table 10 : Global Market for Bio-mining Technology, by Region, Through 2026
Table 11 : Global Market Volume of Recycling Technology, by Region, Through 2026
Table 12 : Global Market for Recycling Technology, by Region, Through 2026
Table 13 : Global Gold Mining Market Volume, by End Use, Through 2026
Table 14 : Global Gold Mining Market, by End Use, Through 2026
Table 15 : Top Jewelry Manufacturers, by Revenue, 2020
Table 16 : Top Manufacturing Countries of Jewelry, 2019 and 2020
Table 17 : Global Market Volume of Gold Mining in Jewelry Applications, by Region, Through 2026
Table 18 : Global Market for Gold Mining in Jewelry Applications, by Region, Through 2026
Table 19 : Top Electronics Manufacturing Companies
Table 20 : Global Market Volume for Gold Mining in Technology Applications, by Region, Through 2026
Table 21 : Global Market for Gold Mining in Technology Applications, by Region, Through 2026
Table 22 : Demand for Bars and Coins, by Country, 2020
Table 23 : Global Market Volume of Gold Mining in Investment Applications, by Region, Through 2026
Table 24 : Global Market for Gold Mining in Investment Applications, by Region, Through 2026
Table 25 : Global Market Volume of Central Bank Purchases of Gold, by Region, Through 2026
Table 26 : Global Market for Central Bank Purchases of Gold, by Region, Through 2026
Table 27 : Global Gold Mining Production, by top 10 Manufacturers
Table 28 : Global Gold Mining Production, by Country
Table 29 : Global Gold Mining Demand-Supply Analysis, 2020
Table 30 : Global Gold Mining Market Volume, by Region, Through 2026
Table 31 : Global Gold Mining Market, by Region, Through 2026
Table 32 : North American Gold Mining Market Volume, by Country, Through 2026
Table 33 : North American Gold Mining Market, by Country, Through 2026
Table 34 : North American Gold Mining Market Volume, by Technology, Through 2026
Table 35 : North American Gold Mining Market, by Technology, Through 2026
Table 36 : North American Gold Mining Market Volume, by End Use, Through 2026
Table 37 : North American Gold Mining Market, by End Use, Through 2026
Table 38 : U.S. ETF Holdings, 2019-2020
Table 39 : U.S. Gold Mining Market Volume, by End Use, Through 2026
Table 40 : U.S. Gold Mining Market, by End Use, Through 2026
Table 41 : Canadian Gold Mining Market Volume, by End Use, Through 2026
Table 42 : Canadian Gold Mining Market, by End Use, Through 2026
Table 43 : Latin American Gold Mining Market Volume, by Technology, Through 2026
Table 44 : Latin American Gold Mining Market, by Technology, Through 2026
Table 45 : Latin American Gold Mining Market Volume, by End Use, Through 2026
Table 46 : Latin American Gold Mining Market, by End Use, Through 2026
Table 47 : European Gold Mining Market Volume, by Country, Through 2026
Table 48 : European Gold Mining Market, by Country, Through 2026
Table 49 : European Gold Mining Market Volume, by Technology, Through 2026
Table 50 : European Gold Mining Market, by Technology, Through 2026
Table 51 : European Gold Mining Market Volume, by End Use, Through 2026
Table 52 : European Gold Mining Market, by End Use, Through 2026
Table 53 : German Gold Mining Market Volume, by End Use, Through 2026
Table 54 : German Gold Mining Market, by End Use, Through 2026
Table 55 : Italian Gold Mining Market Volume, by End Use, Through 2026
Table 56 : Italian Gold Mining Market, by End Use, Through 2026
Table 57 : French Gold Mining Market Volume, by End Use, Through 2026
Table 58 : French Gold Mining Market, by End Use, Through 2026
Table 59 : U.K. Gold Mining Market Volume, by End Use, Through 2026
Table 60 : U.K. Gold Mining Market, by End Use, Through 2026
Table 61 : Russian Gold Mining Market Volume, by End Use, Through 2026
Table 62 : Russian Gold Mining Market, by End Use, Through 2026
Table 63 : Rest of European Gold Mining Market Volume, by End Use, Through 2026
Table 64 : Rest of European Gold Mining Market, by End Use, Through 2026
Table 65 : Asia-Pacific Gold Mining Market Volume, by Country, Through 2026
Table 66 : Asia-Pacific Gold Mining Market, by Country, Through 2026
Table 67 : Asia-Pacific Gold Mining Market Volume, by Technology, Through 2026
Table 68 : Asia-Pacific Gold Mining Market, by Technology, Through 2026
Table 69 : Asia-Pacific Gold Mining Market Volume, by End Use, Through 2026
Table 70 : Asia-Pacific Gold Mining Market, by End Use, Through 2026
Table 71 : Chinese Gold Mining Market Volume, by End Use, Through 2026
Table 72 : Chinese Gold Mining Market, by End Use, Through 2026
Table 73 : Japanese Gold Mining Market Volume, by End Use, Through 2026
Table 74 : Japanese Gold Mining Market, by End Use, Through 2026
Table 75 : Indian Gold Mining Market Volume, by End Use, Through 2026
Table 76 : Indian Gold Mining Market, by End Use, Through 2026
Table 77 : South Korean Gold Mining Market Volume, by End Use, Through 2026
Table 78 : South Korean Gold Mining Market, by End Use, Through 2026
Table 79 : Rest of Asia Pacific Gold Mining Market Volume, by End Use, Through 2026
Table 80 : Rest of Asia Pacific Gold Mining Market, by End Use, Through 2026
Table 81 : Middle Eastern & African Gold Mining Market Volume, by Country, Through 2026
Table 82 : Middle Eastern & African Gold Mining Market, by Country, Through 2026
Table 83 : Middle Eastern & African Gold Mining Market Volume, by Technology, Through 2026
Table 84 : Middle Eastern & African Gold Mining Market, by Technology, Through 2026
Table 85 : Middle Eastern & African Gold Mining Market Volume, by End Use, Through 2026
Table 86 : Middle Eastern and African Gold Mining Market, by End Use, Through 2026
Table 87 : GCC Countries Gold Mining Market Volume, by End Use, Through 2026
Table 88 : GCC Countries Gold Mining Market, by End Use, Through 2026
Table 89 : Rest of Middle Eastern & African Gold Mining Market Volume, by End Use Through 2026
Table 90 : Rest of Middle Eastern & African Gold Mining Market, by End Use, Through 2026
Table 91 : Other Major Gold Mining Companies
Table 92 : Acronyms Used in This Report

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