Gold Mining Market Analysis including Reserves, Production, Operating, Developing and Exploration Assets, Demand Drivers, Key Players and Forecasts, 2021-2026

Gold Mining Market Analysis including Reserves, Production, Operating, Developing and Exploration Assets, Demand Drivers, Key Players and Forecasts, 2021-2026

Summary

GlobalData's Gold Mining Market Analysis including Reserves, Production, Operating, Developing and Exploration Assets, Demand Drivers, Key Players and Forecasts, 2021-2026 provides a comprehensive coverage on the global gold industry. It provides historical and forecast data on gold production by country, production by company, reserves by country and world gold prices. The report also includes a demand drivers section providing information on factors that are affecting the global gold industry. It further profiles major gold producers, information on the major active, planned and exploration projects by region.

Following a 3.4% decline in 2020, world gold mine production recovered by 2.4% to 117.1 million ounces (Moz) in 2021 linked to post-COVID operational recoveries. Canada remained the largest contributor to this growth, with output growing by 1.0Moz in 2021. This was followed by South Africa (up by 620.4koz), the US (543.5koz) and Mexico (385.7koz). The growth completely offset declines elsewhere including China, Australia and Papua New Guinea (PNG).

The price of gold jumped from $1,796/oz to $1,926/oz between 31 January and 24 February, due to gold’s role as a safe haven, in light of the tensions between Russia and Ukraine and subsequent Russian invasion and is expected to rise further as the war continues. Yet, output from Russia does not appear to be impacted, however, it remains to be seen how the war in Ukraine and sanctions imposed on Russia by major economies such as Japan, the EU and UK will affect gold industry.

While it is uncertain how long the war will continue, in the medium term the price of gold would be expected to fall marginally, with pressure from rises in interest rates and real rates and an improving US dollar. At the same time, increased demand is expected from the jewelry sector and central banks, which will provide support, as will high inflation.

Scope

• The report contains an overview of the global gold mining industry including key demand driving factors affecting the global gold mining industry.
• It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration and development projects.

• Comprehensive evaluation of the impact of COVID-19 on global gold industry
• To gain an understanding of the global gold mining industry, relevant driving factors
• To understand historical and forecast trend on global gold production
• To identify key players in the global gold mining industry
• To identify major active, exploration and development projects by region