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