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

Pages: 74 Published: April 01, 2022 Report Code: GDMMPMG050MR

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

Global gold mining market overview

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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

Global gold mining market, by regions

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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

Global gold mining market, by gold producers

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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

Newmont Corp. Corp., Barrick Gold Corp., AngloGold Ashanti Ltd, Polyus Gold, Kinross Gold Corp., Newcrest Mining,Gold Fields

Table of Contents

1. Executive Summary

2. Reserves, Production and Prices

2.1 Gold Reserves by Country

– Australia

– Russia

– South Africa

– US

2.2 Gold Production

– Production by Company

– Production by country

– China

– Russia

2.3 Gold Prices

3. Gold Assets

3.1 Active Mines

– APAC

– Europe

– Former Soviet Union

– Middle East and Africa

– North America

– Oceania

– South and Central America

3.2 Development Projects

– APAC

– Europe

– Former Soviet Union

– Middle East and Africa

– North America

– Oceania

– South and Central America

3.3 Exploration Projects

– APAC

– Europe

– Former Soviet Union

– Middle East and Africa

– North America

– Oceania

– South and Central America

4. Demand

4.1 Recovery in global gold demand, post-COVID19

4.2 Demand from gold-backed ETF flows

5. Major Gold Producers

5.1 Newmont Corp.

5.2 Barrick Gold Corp.

5.3 Polyus Gold

5.4 AngloGold Ashanti Ltd

5.5 Gold Fields Limited

5.6 Kinross Gold Corp.

5.7 Newcrest Mining Ltd

6. Appendix

6.1 Abbreviations

6.2 Methodology

6.3 Coverage

6.4 Secondary Research

6.5 Development Likelihood

List of Tables

Table 1: Gold reserves by country (thousand tonnes), January 2022

Table 2: Active mines in Australia by total ore reserves (million tonnes), 2022

Table 3: Active mines in Russia by total ore reserves (million tonnes), 2022

Table 4: Active mines in South Africa by total ore reserves (million tonnes), 2022

Table 5: Active mines in the US by total ore reserves (million tonnes), 2022

Table 6: Historical and forecast gold mine production (million ounces), 2006–2026

Table 7: Production by company (2020 – 2021) and production guidance (2022)

Table 8: Gold mine production by country (million ounces), 2006–2026

Table 9: Gold mine production in China (million ounces), 2006–2026

Table 10: Gold mine production in Russia (million ounces), 2006–2026

Table 11: World gold prices, quarterly ($/oz), 2014–2021

Table 12: Active Mines in APAC, 2022

Table 13: Active Mines in Europe, 2022

Table 14: Active Mines in Former Soviet Union, 2022

Table 15: Active Mines in Middle East and Africa, 2022

Table 16: Active Mines in North America, 2022

Table 17: Active Mines in Oceania, 2022

Table 18: Active Mines in South and Central America, 2022

Table 19: Development Projects in APAC, 2022

Table 20: Development Projects in Europe, 2022

Table 21: Development Projects in Former Soviet Union, 2022

Table 22: Development Projects in Middle East and Africa, 2022

Table 23: Development Projects in North America, 2022

Table 24: Development Projects in Oceania, 2022

Table 25: Development Projects in South and Central America, 2022

Table 26: Exploration Projects in APAC, 2022

Table 27: Exploration Projects in Europe, 2022

Table 28: Exploration Projects in Former Soviet Union, 2022

Table 29: Exploration Projects in Middle East and Africa, 2022

Table 30: Exploration Projects in North America, 2022

Table 31: Exploration Projects in Oceania, 2022

Table 32: Exploration Projects in South and Central America, 2022

Table 33: Historical and forecast gold mine consumption (million ounces), 2006–2026

Table 34: Gold demand by end use (million ounces), 2010–2021

Table 35: Newmont Corp., Major Projects, 2022

Table 36: Barrick Gold Corp., Major Projects, 2022

Table 37: Polyus Gold International Ltd, Major Projects, 2022

Table 38: AngloGold Ashanti Ltd, Major Projects, 2022

Table 39: Gold Fields Limited, Major Projects, 2022

Table 40: Kinross Gold Corp., Major Projects, 2022

Table 41: Newcrest Mining Ltd, Major Projects, 2022

List of Figures

Figure 1: Gold reserves by country (thousand tonnes), 2017–2022

Figure 2: Gold reserves by country (%), January 2022

Figure 3: World’s top gold producing mines (thousand ounces), 2020

Figure 4: Historical and forecast gold mine production (million ounces), 2006–2026

Figure 5: Production by company (thousand ounces), 2020 – 2021

Figure 6: Production by country (million ounces), 2020–2021

Figure 7: Gold mine production in China (million ounces), 2006–2026

Figure 8: Gold mine production in Russia (million ounces), 2006–2026

Figure 9: World gold prices, quarterly ($/oz), 2014–2021

Figure 10: Historical and forecast gold consumption (million ounces), 2006–2026

Figure 11: Global Gold Demand by End Use (%), 2010 and 2021

Figure 12: Gold demand by end use (million ounces), 2010–2021

Figure 13: Gold ETF Holdings (Tonnes), 2010–2021

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