Gold Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030

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Gold Mining Market Report Overview

The amount of gold produced in 2023 is 121.2moz. Ghana and the US are the key contributors to the growth in global supply in 2023. 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. However, over the course of 2023 economic headwinds are expected to lead to a falling dollar and support gold prices.

The gold mining market research report provides comprehensive coverage of the gold industry including historical and forecast data on gold production by country, production by company, reserves by country, and 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 and information on the major active, planned, and exploration projects.

Forecast Period 2023-2030
Historical Period 2011-2022
Key Countries ·       Australia

·       Russia

·       South Africa

·       The US

·       Peru

Active Mines ·       Muruntau Mine

·       Carlin Mine

·       Goldstrike Mine

·       Olimpiada Mine

·       Shaxi Copper Mine

·       Grasberg Block Cave Mine

·       Batu Hijau Mine

·       Kibali Mine

·       Boddington Mine

·       Pueblo Viejo Mine

Development Projects ·       Sukhoi Log Project

·       Mponeng Expansion Project

·       Donlin Gold Project

·       KSM (Kerr-Sulphurets-Mitchell) Project

·       Haiyu Gold Mine

·       Mallina Gold Project

·       Tasiast 24k Project

·       Odyssey Project

·       Kucing Liar Project

·       Goldrush Project

Exploration Projects ·       Vangtat Gold Project

·       Potchefstroom Project

·       Klerksdorp Project

·       Knife Lake Project

·       Treaty Creek Project

·       Mount Cattlin Gold Project

·       Bendigo North Gold Project

·       Heruga Project

·       Talas Copper Gold Project

·       Anba Property

Leading Companies ·       Newmont Corp

·       Barrick Gold

·       Agnico-Eagle Mines Ltd

·       AngloGold Ashanti Ltd

·       Polyus Gold

·       Gold Fields Limited

·       Newcrest Mining Ltd

·       Kinross Gold Corp

·       Zijin Mining Group Co Ltd

·       Freeport-McMoRan

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Gold Mining Market Segmentation by Country

Some of the key countries where gold reserves are located are Australia, Russia, South Africa, the US, and Peru. The majority of these are located in Australia, followed by Russia and South Africa. Australia led the gold mining market with the largest number of reserves in 2022 as well.

Gold Mining Market Analysis by Countries, 2023 (%)

Gold Mining Market Analysis by Countries, 2023 (%)

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Gold Mining Market - Active Mines

Some of the top active gold mines are Muruntau Mine, Carlin Mine, Goldstrike Mine, Olimpiada Mine, Shaxi Copper Mine, Grasberg Block Cave Mine, Batu Hijau Mine, Kibali Mine, Boddington Mine, and Pueblo Viejo Mine. Muruntau Mine had the highest gold production in 2022.

Gold Mining Market Analysis by Active Mine, 2023 (%)

Gold Mining Market Analysis by Active Mine, 2023 (%)

For more active mine insights into the gold mining market, download a free report sample

Gold Mining Market - Development Projects

Some of the major development projects are Sukhoi Log Project, Mponeng Expansion Project, Donlin Gold Project, KSM (Kerr-Sulphurets-Mitchell) Project, Haiyu Gold Mine, Mallina Gold Project, Tasiast 24k Project, Odyssey Project, Kucing Liar Project, and Goldrush Project. The Sukhoi Log project is a greenfield project in Russia that is jointly owned by Polyus and Rostec Corp. The project is currently undergoing a Bankable Feasibility Studies (BFS) and is expected to start operations in 2027.

Gold Mining Market - Exploration Projects

Some of the major exploration projects are Vangtat Gold Project, Potchefstroom Project, Klerksdorp Project, Knife Lake Project, Treaty Creek Project, Mount Cattlin Gold Project, Bendigo North Gold Project, Heruga Project, Talas Copper Gold Project, and Anba Property. South Africa’s Potchefstroom and Klerksdorp projects, which are wholly owned by Sibanye Stillwater Ltd, are currently in the advanced exploration stage.

Gold Mining Market - Competitive Landscape

The leading companies associated with the gold mining market are Newmont Corp, Barrick Gold, Agnico-Eagle Mines Ltd, AngloGold Ashanti Ltd, Polyus Gold, Gold Fields Limited, Newcrest Mining Ltd, Kinross Gold Corp, Zijin Mining Group Co Ltd, and Freeport-McMoRan. Newmont Corp was the leading gold producer in 2022. Agnico-Eagle Mines Ltd had a considerable increase in production in 2022 compared to 2021.

Leading Gold Mining Companies, 2023

Leading Gold Mining Companies, 2023

For more company insights into the gold mining market, download a free report sample

Segments Covered in the Report

 Gold Mining Market Countries Outlook (Value, MOZ, 2011-2030)

  • Australia
  • Russia
  • South Africa
  • The US
  • Peru

Scope

  • Reserves and Production Data: Access detailed information on reserves, reserves by country, production figures, production by country, and production by company.
  • Key Players: Learn about the major players in the industry like Newmont Corp, Barrick Gold, Agnico-Eagle Mines Ltd, AngloGold Ashanti Ltd, Polyus Gold, Gold Fields Limited, Newcrest Mining Ltd, Kinross Gold Corp, Zijin Mining Group Co Ltd, and Freeport-McMoRan.
  • Country Insights: Discover leading gold-producing countries such as Australia, Russia, South Africa, the US, and Peru.
  • Project landscape: Gain insights into gold explorational and developmental projects, as well as active mines.

Reasons to Buy

  • Understand market trends: Gain a comprehensive understanding of gold mining by exploring country-wise market dynamics, identifying key assets, and assessing the competitive landscape.
  • Strategic market analysis: Navigate the industry with ease by exploring historical and forecast trends to anticipate market shifts and make forward-looking decisions.
  • Forge valuable partnerships: Identify key players in the gold mining market and access exclusive information on key stakeholders such as gold producers, government entities, suppliers, and more.
  • Uncover major projects: Dive into a detailed overview of major active, explorational, and developmental mining projects across various regions.

Table of Contents

Overview

Gold Reserves

Gold Production

Gold Price

Major Active Mines

Major Development Projects

Major Exploration Projects

Demand

Competitive Landscape

Appendix

Abbreviations

Likelihood

Table

Table 1: Global Gold Mining – Gold Reserves by Country (Tonnes), January 2020

Table 2: Global Gold Mining – Top Active Mines in Australia by Total Ore Reserves (Million Tonnes), 2020

Table 3: Global Gold Mining – Top Active Mines in Russia by Total Ore Reserves (Million Tonnes), 2020

Table 4: Global Gold Mining – Top Active Mines in South Africa by Total Ore Reserves (Million Tonnes), 2020

Table 5: Global Gold Mining – Top Active Mines in the US by Total Ore Reserves (Million Tonnes), 2020

Table 6: Global Gold Mining – Top Active Mines in Peru by Total Ore Reserves (Million Tonnes), 2020

Table 7: Global Gold Mining – Historical and Forecast Gold Mine Production (Thousand Ounces), 2004-2024

Table 8: Global Gold Mining – Gold Mine Production by Company (Thousand Ounces), H1 2019 – H1 2020

Table 9: Global Gold Mining – Gold Mine Production by Country (Million Ounces), 2004-2024

Table 10: Global Gold Mining – Gold Mine Production in China (Thousand Ounces), 2004-2024

Table 11: Global Gold Mining – Gold Mine Production in Australia (Thousand Ounces), 2004-2024

Table 12: Global Gold Mining – Gold Prices, Quarterly (US$/Ounce), 2014-2020

Table 13: Global Gold Mining – Active Mines in APAC, 2020

Table 14: Global Gold Mining – Active Mines in Europe, 2020

Table 15: Global Gold Mining – Active Mines in Former Soviet Union, 2020

Table 16: Global Gold Mining – Active Mines in Middle East and Africa, 2020

Table 17: Global Gold Mining – Active Mines in North America, 2020

Table 18: Global Gold Mining – Active Mines in Oceania, 2020

Table 19: Global Gold Mining – Active Mines in South and Central America, 2020

Table 20: Global Gold Mining – Exploration Projects in APAC, 2020

Table 21: Global Gold Mining – Exploration Projects in Europe, 2020

Table 22: Global Gold Mining – Exploration Projects in Former Soviet Union, 2020

Table 23: Global Gold Mining – Exploration Projects in Middle East and Africa, 2020

Table 24: Global Gold Mining – Exploration Projects in North America, 2020

Table 25: Global Gold Mining – Exploration Projects in Oceania, 2020

Table 26: Global Gold Mining – Exploration Projects in South and Central America, 2020

Table 27: Global Gold Mining – Development Projects in APAC, 2020

Table 28: Global Gold Mining – Development Projects in Europe, 2020

Table 29: Global Gold Mining – Development Projects in Former Soviet Union, 2020

Table 30: Global Gold Mining – Development Projects in Middle East and Africa, 2020

Table 31: Global Gold Mining – Development Projects in North America, 2020

Table 32: Global Gold Mining – Development Projects in Oceania, 2020

Table 33: Global Gold Mining – Development Projects in South and Central America, 2020

Table 34: Global Gold Mining – Newmont Corp., Major Projects, 2020

Table 35: Global Gold Mining – Barrick Gold Corp., Major Projects, 2020

Table 36: Global Gold Mining – AngloGold Ashanti Ltd, Major Projects, 2020

Table 37: Global Gold Mining – Polyus Gold, Major Projects, 2020

Table 38: Global Gold Mining – Kinross Gold Corp., Major Projects, 2020

Table 39: Global Gold Mining – Newcrest Mining Ltd, Major Projects, 2020

Table 40: Global Gold Mining – Gold Fields Limited, Major Projects, 2020

Figures

Figure 1: Global Gold Mining – Gold Reserves by Country (Thousand Tonnes), 2016-2020

Figure 2: Global Gold Mining – Gold Reserves by Country (%), January 2020

Figure 3: Global Gold Mining – World’s Top Gold Producing Mines (Thousand Ounces), 2020

Figure 4: Global Gold Mining – Historical and Forecast Gold Mine Production (Thousand Ounces), 2004-2024

Figure 5: Global Gold Mining – Gold Mine Production by Company (Thousand Ounces), H1 2019 – H1 2020

Figure 6: Global Gold Mining – Gold Mine Production by Country (Million Ounces), 2019-2020

Figure 7: Global Gold Mining – Gold Mine Production in China (Thousand Ounces), 2004-2024

Figure 8: Global Gold Mining – Gold Mine Production in Australia (Thousand Ounces), 2004-2024

Figure 9: Global Gold Mining – World Gold Prices, Quarterly (US$/Ounce), 2014-2020

Figure 10: Global Gold Mining – Global Gold Demand by End Use (%), 2010 vs 2019

Figure 11: Global Gold Mining – Gold Demand by End Use (Tonnes), 2010-2019

Figure 12: Global Gold Mining – Gold ETF Holdings (Tonnes), 2010-2020

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