There were 1,561 press releases posted in the last 24 hours and 450,035 in the last 365 days.

Investing in Gold: Global Gold Mining Market Size Is Projected to Grow at 3.5% CAGR, Exceed $260 Billion by 2030

[209 + Pages Report] According to a market research study published by Zion Market Research, the demand analysis of Global Gold Mining Market size & share revenue was valued at around USD 198 billion in 2022 and is estimated to grow about USD 260 billion by 2030, at a CAGR of approximately 3.5% between 2023 and 2030. The key market players are listed in the report with their sales, revenues and strategies are Gold Fields Ltd, Agnico Eagle Mines Ltd, Barrick Gold Corporation, Polyus Gold International Ltd, Global Gold Mining Market, Newmont Mining Corporation, Kinross Gold Corporation, Anglogold Ashanti Ltd, Goldcorp Inc, Newcrest Mining Ltd, and others.

Houston, TX, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Gold Mining Market By Mining Method (Placer Mining And Hardrock Mining), By End User (Investment, Jewelry, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Gold Mining Market size & share in terms of revenue was valued at USD 198 billion in 2022 and it is expected to surpass around USD 260 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 3.5% during the forecast period 2023 to 2030.”

What is Gold Mining? How big is the Gold Mining Industry?

Report Overview:

The global gold mining market size was worth around USD 198 billion in 2022 and is predicted to grow to around USD 260 billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.5% between 2023 and 2030.

Placer mining and hardrock mining are two of the processes that are utilised in the process of extracting gold from a gold mine. Early miners obtained gold through a mining method known as placer mining. Placer mining makes use of a wide variety of techniques, including prospecting by hand, using sluice boxes, hydraulic mining, and dredging. Each of these techniques relies on gravity and moving water to extract gold, thus they all operate on the same fundamental concept. As the water moves through the ore, the gold, which is heavier than the sand and gravel that surrounds it, is gradually separated from them. The extraction of gold currently takes place mostly through the mining of hard rock deposits. Hardrock mining is a type of underground mining that involves the construction of underground tunnels to enable substantial gold ore extraction. This type of mining takes place in areas with abundant hard rock.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs -

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 209+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on Request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
  • Zion Market Research research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global Gold Mining Market: Growth Factors

Demand for more jewellery is the primary factor driving market expansion.

The jewellery industry is the most significant consumer of gold. In countries such as China and India, for example, cultural and economic factors might influence the demand for jewellery at specific times of year, such as during celebrations and weddings. It is possible that these regions will see an increase in their consumption of jewellery as a result of economic growth and rising earnings. For example, the World Gold Council reports that India's consumption of gold reached 797.3 tonnes in 2021, which was the highest level seen in the preceding five years' worth of data.

 The demand for gold jewellery increased year on year in 2021, driven by factors such as weddings and festival season demand. As a result, demand surpassed pre-pandemic levels to reach a six-year high of 610.9 tonnes. Customers living in cities were mostly responsible for the volume of consumption. The expansion of the global gold mining market is thus driven by the statistics presented above.

Gold Mining Industry: Limiting Factors

The growth of the market is hampered by swings in price as well as by diminishing reserves.

The price of gold is strongly influenced by a variety of factors, including investor sentiment, the status of the global economy, and other economic factors. Unanticipated drops in gold prices have the potential to have a significant negative impact not only on the profitability of mining operations but also on the stock price of mining businesses. Additionally, gold deposits are harder to acquire and more expensive to purchase as time passes. A significant portion of the easily accessible and high-grade gold deposits have been used for mining purposes in the past. Mining companies pay higher costs for exploration and extraction as a result of the necessity to search further and in more remote regions. Consequently, having a significant impact on the ability of the gold mining sector to expand.

Opportunities in the Gold Mining Industry

The ever-increasing rate of acquisition presents an enticing prospect for the expansion of the industry.

During the time period covered by this prediction, the rising number of acquisitions is anticipated to present an interesting potential for the expansion of the gold mining market. For example, in June 2023, West Red Lake Gold Mines Ltd. purchased all of the outstanding shares of Pure Gold Mining Inc. in order to complete the "Acquisition" of The Madsen Gold Project. This action was referred to as "the Acquisition." The company's acquisition of the Madsen Gold Project comes with the inclusion of a fully licenced underground gold mine, an estimated resource of 1.65 million ounces in the indicated category, and a mill plant that is among the best in the industry. In conjunction with the high-grade Rowan gold prospect, which is located to the west of Madsen, the Company intends to continue expanding and filling in its mineral resources, lowering its risk exposure, and expanding these assets, which are located in one of the most famous gold camps in Canada. As a result, it is anticipated that this will propel the expansion of the market.

The Problems Facing the Gold Mining Market

Concerns about the environment present a barrier to the expansion of the market.

The mining of gold can have a number of unfavourable effects on the surrounding environment, including the destruction of forests and other types of habitat, the contamination of water supplies, and the production of greenhouse gases. The concentration of more and more regulatory bodies and environmental organisations on the implementation of stricter environmental standards can lead to an increase in the expense of complying with those regulations and can also limit access to particular mining locations. As a result, it is anticipated that this will constitute a significant barrier to the expansion of the market over the course of the aforementioned time period.

Directly Purchase a copy of the report with TOC @

Report Scope

Report Attribute Details
Market Size in 2022 USD 198 billion
Projected Market Size in 2030 USD 260 billion
CAGR Growth Rate 3.5% CAGR
Base Year 2022
Forecast Years 2023-2030
Key Market Players Gold Fields Ltd, Agnico Eagle Mines Ltd, Barrick Gold Corporation, Polyus Gold International Ltd, Global Gold Mining Market, Newmont Mining Corporation, Kinross Gold Corporation, Anglogold Ashanti Ltd, Goldcorp Inc, Newcrest Mining Ltd, and others.
Key Segment By Mining Method, By End User, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Gold Mining Market: Segmentation Analysis

The world market for gold mining may be broken down into three distinct categories: mining method, end user, and area.

The global market is divided into the placer mining market and the hard rock mining market based on the kind of mining method used. Over the course of the forecast period, it is anticipated that the placer mining sector would have the majority share of the market. One of the most traditional methods of gold mining is the removal of gold from alluvial deposits of sand, gravel, and silt that are located in or in close proximity to water sources such as rivers and streams.

When compared to other approaches to gold mining, this one has been around for centuries and is well-known for being simple to implement while causing a negligible amount of harm to the surrounding ecosystem. On the other hand, it is anticipated that hardrock mining will experience significant expansion throughout the projection period. One more common approach to obtaining gold is through the practise of hardrock mining, which is also known as lode mining or underground mining. Hard rock mining includes the extraction of gold from solid rock formations, as opposed to placer mining, which targets alluvial deposits.

This approach necessitates more intricate and labour- and cost-intensive processes, but it has the potential to produce higher gold purity levels. Hardrock mining operations, on the other hand, often have longer mine lifetimes than placer mining operations, which frequently target resources located close to or on the surface. Because of its endurance, this industry can continue to be a reliable source of income and employment for local communities for a lengthy period of time. Therefore, contributing to the expansion of the segment.

The global gold mining sector can be segmented into investment, jewellery, and other categories according to the end consumer of the gold. Over the course of the projection period, it is anticipated that the jewellery sector will hold a considerable portion of the market share. The rising demand for gold around the world is mostly responsible for the expansion of this market sector. Gold is the material of choice for making jewellery due to the inherent allure, durability, and malleability of the metal. Gold is regularly alloyed with other metals, most commonly silver, copper, or palladium, in order to produce a wide variety of gold colours and finishes, including yellow gold, white gold, and rose gold. As a result, it is anticipated that this will be the primary driver of market expansion throughout the aforementioned time period.

The global Gold Mining market is segmented as follows:

By Mining Method

  • Placer Mining
  • Hardrock Mining

By End User

  • Investment
  • Jewelry
  • Others

Browse the full “Gold Mining Market By Mining Method (Placer Mining And Hardrock Mining), By End User (Investment, Jewelry, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030" Report At

Competitive Landscape

Some of the main competitors dominating the global Gold Mining market include - 

  • Gold Fields Ltd
  • Agnico Eagle Mines Ltd
  • Barrick Gold Corporation
  • Polyus Gold International Ltd
  • Global Gold Mining Market
  • Newmont Mining Corporation
  • Kinross Gold Corporation
  • Anglogold Ashanti Ltd
  • Goldcorp Inc
  • Newcrest Mining Ltd

 Key Insights from Primary Research:

  • According to the analysis shared by our research forecaster, the Gold Mining market is likely to expand at a CAGR of around 3.5% during the forecast period (2023-2030).                                            
  • In terms of revenue, the Gold Mining market size was valued at around US$ 198 billion in 2022 and is projected to reach US$ 260 billion by 2030.
  • The market for gold mining is expanding as a result of rising gold demand and rising gold utilization in several sectors.
  • Based on the mining method, the placer mining segment is expected to dominate the market over the forecast period.
  • Based on the end user, the jewelry segment is expected to hold a significant market share over the forecast period.
  • Based on region, the Asia Pacific is expected to dominate the market during the forecast period.

Have Any Query? Ask Our Experts:

Key questions answered in this report:

  • What is the market size and growth rate forecast for Gold Mining industry?
  • What are the main driving factors propelling the Gold Mining Market forward?
  • What are the leading companies in the Gold Mining Industry?
  • What segments does the Gold Mining Market cover?
  • How can I receive a free copy of the Gold Mining Market sample report and company profiles?

Key Offerings:

  • Market Size & Forecast by Revenue | 2023−2030
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis By Mining Method, By End User, and By Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Request for Customization on this Report as per your requirements -

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

Regional Analysis:

Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to dominate the global gold mining market during the forecast period. The market growth in the region is due to the rise in demand for gold from emerging markets like China, India, and Japan. Additionally, it is projected that increasing investments by global corporations would foster regional growth. In the region, several countries have the largest producer of gold such as China, Australia, Russia, and others. According to the World Gold Council, in 2022, China was the world's top producer, making up around 10% of all output worldwide. On the other hand, North America is expected to hold a significant market share over the forecast period due to faster production rates and cheaper selling prices on average when compared to global standards. Thus, this is expected to drive the gold mining market over the forecast period.

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

To know an additional revised 2023 list of market players, request a brochure of the report:

Browse Other Related Research Reports from Zion Market Research:

Orthopedic Soft Tissue Repair Market:
Laboratory Informatics Market:
Immuno-Oncology Clinical Trials Market:
Digital Patient Monitoring Devices Market:
Nitrogen Market:
Ethylene Market:
Propylene Market:
Healthcare E-Commerce Market:
Ammonia Market:
Sodium Hydroxide Market:
Oxygen Market:
Cannabis Cultivation Market:
CBD Nutraceuticals Market:
Chocolate Market:
Security Information And Event Management Market:
Waste Paper Management Market:
Transgenic Seeds Market:
Smart Highway Market:
Asphalt Additives Market:
Busbar Trunking Market:
Terminal Automation System Market:
Black Start Generator Market:
Smart Building Market:
Pharmaceutical Intermediates Market:
Lubrication Systems Market:

About Zion Market Research:

Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us on LinkedIn:

Follow Us on Twitter:

Follow Us on Facebook:

Follow Us on Pinterest:

Follow Us on YouTube:

Contact Us:

Zion Market Research
USA/Canada Toll Free: 1 (855) 465-4651
Newark: 1 (302) 444-0166
India: +91 7768 006 007, +91 7768 006 008
Skype no: +13479038971, +17187054574
Skype no. United Kingdom: +442032894158



Still, Looking for More Information? OR Want Data for Inclusion in Magazine, Case Study, or Media?

Email Directly Here with Detail Information:

Primary Logo