Gold Mining Market Analysis Including Reserves, Production, Operating, Developing and Exploration Assets, Demand Drivers, Key Players and Forecast to 2030

Gold Mining Market Analysis Including Reserves, Production, Operating, Developing and Exploration Assets, Demand Drivers, Key Players and Forecast to 2030

Summary

GlobalData's Gold Mining Market Analysis Including Reserves, Production, Operating, Developing and Exploration Assets, Demand Drivers, Key Players and Forecast to 2030 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, global gold prices. The report also includes a demand drivers section providing information on factors that are affecting the gold mining industry. It further profiles major gold producers, information on the major active, planned and exploration projects.

After an estimated 7.6% decline in 2022, gold production is expected to increase by 3.9% to 121.2moz in 2023. Ghana and the US will be the key contributors to the growth in global supply in 2023. Combined output from these countries is expected to increase from 10.7moz in 2022 to 11.6moz in 2023 – an 8% increase.

Gold production in China, the largest producer, is expected to decrease slightly by 1.1% from 13moz in 2022 to 12.9moz in 2023 linked to declining ore grades. In contrast, production in Russia and Australia, the second- and third-largest, is expected to increase by 5.9% and 2.8% in 2023, respectively. Meanwhile, Canada and the US are also expected to increase their gold production in 2023, by 4.4% and 6.1%, respectively.

After a steady improvement from early November 2022, the gold price fell in February due to an improving US dollar and strong US economic data, and ended the month on US$1,825/oz. However, over the course of 2023 economic headwinds are expected to lead to a falling dollar and support gold prices.

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 by country, global production, production by country, production by company, major operating mines, competitive landscape, major exploration and development projects.

Reasons to Buy

• To analyse global gold mining trends, relevant driving factors
• To track the latest developments in global gold mining industry
• To identify major active, exploration and development projects
• To analyse upcoming project developments in the mining industry
• To understand historical and forecast trend on global gold production
• To identify key players in the global gold mining industry