The global gold production was 115.8 million ounces (Moz) in 2021. The market is expected to grow at a CAGR of more than 3% during the forecast period.
The global gold mining market report provides comprehensive coverage of the global gold industry. It provides historical and forecast data on gold production by country, production by the 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, and information on the major active, planned, and exploration projects by region.
Global gold mining market overview
For more insights on this report, download a free report sample
What are the market dynamics in the global gold mining market?
Global gold consumption rebounded strongly in 2021 primarily driven by jewelry demand, with the ongoing economic recovery following the COVID-19 epidemic. China and India are the world’s two largest consumers of gold jewelry. The revival of the Chinese and Indian economies was the primary driver for rising jewelry demand. Furthermore, gold demand in 2021 was supported by lower and more stable gold prices, increased personal income, and the Indian wedding season. While the COVID-19 vaccination rollout, increased consumer sentiment as well as strong household savings supported gold jewelry purchases in the US, increased gifting demand during the holiday season boosted jewelry consumption in Europe.
Global gold consumption is expected to rise in 2022 and 2023. Growth will be supported by the rise in demand from the jewelry sector, with China’s jewelry consumption likely to stay strong, amid improving consumer sentiment and income. In addition, to attract young Chinese clients, Chinese jewelry shops are increasingly utilizing private and social media channels. Jewelry demand in the US is predicted to be lower than in 2021, as consumer spending shifts to leisure activities post-COVID19.
What is the regional-level outlook of the global gold mining market?
The key regions in the global gold mining market are Asia Pacific, Europe, the Former Soviet Union, Middle East & Africa, North America, Oceania, and South & Central America.
Asia Pacific
The top three active mines in the Asia Pacific region are Martabe Project, Toka Tindung Gold Project, and Jiaojia Gold Mine. King-King Project, Kucing Liar Project, and Oyu Tolgoi Underground Project are the key development projects in the APAC region. The top three exploration projects in the APAC region include Vangtat Gold Project, Heruga Project, and Anba Property.
Europe
The top three active mines in the Europe region are Copler Project, Kisladag Mine, and Kittila Mine. Rosia Montana Project, Skouries Project, and Hod Maden Project are the key development projects in the European region. The top three exploration projects in Europe include Timok Lower Zone Project, Bolcana Mine, and Barsele Project.
Former Soviet Union
The top three active mines in the Former Soviet Union (FSA) are Muruntau Mine, Olimpiada Mine, and Kumtor Mine. Sukhoi Log Project, Odolgo Mine, and Nezhda Project are the key development projects in the FSA region. The top three exploration projects in the FSA region are Talas Copper-Gold Project, Malmyzh Project, and Dostyk Project.
Middle East & Africa
The top three active mines in Middle East & Africa are Kibali Mine, Loulo-Gounkoto Mine, and Geita Mine. Mponeng Expansion Project, Rolspruit Project, and Tasiast 24k Project are the key development projects in this region. The top three exploration projects in Middle East & Africa are Potchefstroom Project, Klerksdorp Project, and Asumura Project.
North America
The top three active mines in North America are Carlin Mine, Goldstrike Mine, and Cortez Mine. Idaho Cobalt Operations Project, KSM (Kerr-Sulphurets-Mitchell) Project, and Donlin Gold Project are the key development projects in this region. The top three exploration projects in North America are Knife Lake Project, Treaty Creek Project, and Malartic West Gold Property.
Oceania
The top three active mines in Oceania are Cadia Mine, Lihir Mine, and Boddington Mine. Wafi-Golpu Project, Mount Todd Project, and Namosi Project are the key development projects in this region. The top three exploration projects in Oceania are Bendigo North Gold Project, Panguna Project, and Telfer Project.
South & Central America
The top three active mines in South & Central America are Pueblo Viejo Mine, Paracatu Mine, and Penasquito Mine. Norte Abierto Project, Las Cristinas Gold Project, and Metates Project are the key development projects in this region. The top three exploration projects in South & Central America are Titiribi Project, El Zancudo Project, and Candelaria Project.
Global gold mining market, by regions
For more regional insights, download a free report sample
Who are the major gold producers in the global gold mining market?
The major gold producers in the global gold mining market are Newmont Corp., Barrick Gold Corp., AngloGold Ashanti Ltd, Polyus Gold, Kinross Gold Corp., Newcrest Mining Ltd, and Gold Fields Limited.
Global gold mining market, by gold producers
To know more about major gold producers, download a free report sample
Market Report Scope
| Market size (Year – 2021) | 115.8 Moz |
| Growth rate (CAGR) | >3% |
| Forecast period | 2022-2026 |
| Key regions | Asia Pacific, Europe, Former Soviet Union, Middle East & Africa, North America, Oceania, and South & Central America. |
| Major gold producers | Newmont Corp., Barrick Gold Corp., AngloGold Ashanti Ltd, Polyus Gold, Kinross Gold Corp., Newcrest Mining Ltd, and Gold Fields Limited |
 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, competitive landscape, major operating mines, major exploration, and development projects.
Reasons to Buy
- A comprehensive evaluation of the impact of COVID-19 on the global gold industry
- To gain an understanding of the global gold mining industry, relevant driving factors
- To understand historical and forecast trends in global gold production
- To identify key players in the global gold mining industry
- To identify major active, exploration and development projects by region
Key Players
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The global gold mining market size was valued at 115.8 Moz in 2021.
The global gold mining market is expected to grow at a CAGR of more than 3% during the forecast period.
The key regions in the global gold mining market are Asia Pacific, Europe, the Former Soviet Union, Middle East & Africa, North America, Oceania, and South & Central America.
The major gold producers in the global gold mining market are Newmont Corp., Barrick Gold Corp., AngloGold Ashanti Ltd, Polyus Gold, Kinross Gold Corp., Newcrest Mining Ltd, and Gold Fields Limited.
