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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 | Feb 2017

Worth its weight: The increasing production volume of gold will drive slow industry growth

The Gold & Silver Ore Mining market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
3.1%
Annual Growth 17-22
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Profit
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Employment
14,378
Businesses
30
Industry Analysis & Industry Trends

Operators in the Gold and Silver Ore Mining industry in Canada have exhibited growth over the five years to 2017. 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. Over the next five years, merger and acquisition activity will likely continue as new mining projects are slow to enter production. The largest companies, Goldcorp and Agnico Eagle Mines Ltd.,... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Gold and Silver Ore Mining industry is in the mature stage of its life cycle. Domestic production of both metals is increasing, though falling gold and silver prices have negatively impacted profit margins in recent years. However, industry value added (IVA), a measure of the industry's contribution to the economy, is expected to rise an annualized 2.1% over the 10 years to 2022. In comparison, Canadian GDP is expected to rise 1.8% during the period. However, IVA is extremely volatile because high gold and silver prices can inflate revenue and profit, thereby masking the real factors that make this a mature industry.

Gold and silver are well-accepted commodities and have established uses. Downstream markets for these products are also defined and not expected to change much. Fur.. 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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