Global Gold Mining Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Mining Method;

Placer mining and Hardrock (Lode) mining.

By End User;

Investment, Jewelry and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn136141332 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Gold Mining Market (USD Million), 2021 - 2031

In the year 2024, the Global Gold Mining Market was valued at USD 230,015.54 million. The size of this market is expected to increase to USD 327,995.10 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.

Gold mining involves extracting gold from mines using methods such as placer mining and hardrock mining. Initially, early miners relied on placer mining, which utilized techniques like panning, sluice boxing, hydraulic mining, and dredging. These methods leverage gravity and running water to separate dense gold from lighter sand and gravel. However, most current gold production stems from hardrock mining, an underground technique involving the excavation of gold ore through underground tunnels.

The growth of the gold mining market is driven by the increasing demand for gold across various industries. Despite this demand, the high cost of mining poses a significant challenge to market growth. However, the development of advanced mining equipment presents a promising opportunity for market expansion by enhancing operational efficiency and reducing costs associated with extraction.

The gold mining market is segmented based on mining method, end user, and geography. Mining methods include placer mining and hardrock (lode) mining, while end users encompass investment, jewelry, and other sectors. Geographically, the market spans North America, Europe, Asia-Pacific, and LAMEA, reflecting the global distribution of gold mining activities and market demand.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Mining Method
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Gold Mining Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Gold
        2. Industrial Applications
        3. Technological Advancements
        4. Regulatory Environment
      2. Restraints
        1. High Cost of Mining
        2. Environmental Concerns
        3. Resource Depletion
        4. Volatility in Gold Prices
      3. Opportunities
        1. Technological Advancements
        2. Exploration in Untapped Regions
        3. Sustainable Mining Practices
        4. Strategic Partnerships and Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Gold Mining Market, By Mining Method, 2021 - 2031 (USD Million)
      1. Placer Mining
      2. Hardrock (Lode) Mining
    2. Global Gold Mining Market, By End User, 2021 - 2031 (USD Million)
      1. Investment
      2. Jewelry
      3. Others
    3. Global Gold Mining Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. KINROSS GOLD CORPORATION
      2. POLYUS GOLD INTERNATIONAL LTD
      3. BARRICK GOLD CORPORATION
      4. GLOBAL GOLD MINING MARKET
      5. ANGLOGOLD ASHANTI LTD
      6. NEWMONT MINING CORPORATION
      7. AGNICO EAGLE MINES LTD
      8. GOLD FIELDS LTD
      9. NEWCREST MINING LTD
      10. GOLDCORP INC
  7. Analyst Views
  8. Future Outlook of the Market