Gold & Silver Ore Mining in the US - Industry Market Research Report
- August 2017 •
- 36 pages •
- Report ID: 198604
Gold & Silver Ore Mining in the US
Like all commodity miners, industry 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 fallen 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. Overall, industry revenue is expected to decline over the five years to 2017. Over the five years to 2022, gold prices are expected to continue to soften as the global economy stabilizes and investors diversify into higher-return assets, and industry revenue is expected to fall only slightly.
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 semi-processed gold or silver products and pay for further refining on a toll-charge basis. The refining process is included as part of the Copper, Zinc and Lead Refining industry (IBISWorld 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.