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Gold & Silver Ore Mining in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Gold & Silver Ore Mining in Canada Market Research Report | NAICS 21222CA | Jun 2016

Worth its weight: Demand for gold and silver will bolster industry revenue

IBISWorld’s Gold & Silver Ore Mining market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

Operators in the Gold and Silver Ore Mining industry in Canada have exhibited growth over the five years to 2016. This growth has largely been driven by increasing production volumes of gold, as both gold and silver prices have fallen from historic highs during the period. Up until 2012, when gold and silver prices hit their peak, industry operators ramped up production to take advantage of high prices, driving up industry revenue. However, gold and silver prices have fallen in recent years. Furthermore, costs have increased for many industry operators, creating a challenging operating environment for small-scale companies. Over the next five years, M&A activity will likely continue as new mining projects are slow to enter production... purchase to read more

Industry Report - Industry Products Chapter


Industry operators are heavily dependent on the world price of gold. As a share of overall revenue, gold dominates the industry, accounting for more than 95.0% of total revenue. Over the past decade, gold has increasingly captured a larger share of revenue for the industry, as gold production volumes increased. Gold's relative attractiveness over silver products ensures that demand for the precious yellow metal outpaces that of silver. Gold production is typically sold to mints and dealers, who refine it into bullion products for sale on global financial markets. Industry operators do have the capacity to refine their gold production, but typically they do not sell their product to consumers directly... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Gold & Silver Ore Mining Industry?

This industry mines and prepares ores valued primarily for their gold or silver content. Some companies process ore into concentrate or bullion on site, while others maintain refining facilities abroad. Companies in this industry can also store and delay the sale of their output to speculate commodity price fluctuations.

Industry Products
Gold ore, powder, concentrates and unwrought formsSilver ore, powder, concentrates and unwrought forms
Industry Activities
Gold ore miningSilver ore miningGold ore beneficiationSilver ore beneficiation

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