$27.9bn
$X.Xbn
22,665
174
$X.Xbn
Gold ore mining revenue has soared, as central bank purchases and investor demand for safe-haven assets have driven gold prices higher. A weaker Australian dollar also lifted returns for domestic producers, with gold priced in US dollars in global markets.
Industry revenue has grown at a CAGR of 4.5 % over the past five years, to reach an estimated $27.9bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Newmont Australia | 6,080.0 | |
Northern Star Resources | 3,864.2 | |
Gold Fields | 2,680.0 |
To view the market share and analysis for all 9 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Gold dore bars, Gold concentrate and Co-product gold concentrate. Gold dore bars is the largest segment of the Gold Ore Mining in Australia.
Gold concentrate is declining as a share of production
Companies operating in the industry mine gold-bearing ore. Some miners also carry out gold ore beneficiation processes, which are basic and preliminary processes that occur before smelting and refining. Some miners process gold through flotation extraction methods. Some companies dredge for gold or rework tailings for gold.
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ANZSIC 0804 - Gold Ore Mining in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Economic uncertainty has increased investor demand and pushed gold prices higher. Some investors have turned to gold in the face of high inflation.
Learn about an industry's products and services, markets and trends in international trade.
Central bank and institutional gold purchases are rising. Many central banks around the globe have been increasing gold reserves in response to economic volatility.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Gold miners are mainly based in Western Australia. The state accounts for over 70% of domestic production and exploration expenditure.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Equipment shortages and tight labour market conditions represent short-term barriers to entry. These factors are making it more difficult than normal to get a mine into produ...
Learn about the performance of the top companies in the industry.
Rising costs have hit major gold miners. Tight labour market conditions and supply chain issues have caused AISCs to rise across most projects.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Volatility in global financial markets has hit gold prices, heightening revenue volatility. The COVID-19 pandemic and Russia-Ukraine conflict have affected investor sentiment...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Labour shortages and rising input costs have limited the effect of rising prices on profitability. Gold miners have faced rising costs, with average AISCs hitting record high...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Gold Ore Mining industry in Australia is $27.9bn in 2024.
There are 174 businesses in the Gold Ore Mining industry in Australia, which has declined at a CAGR of 0.9 % between 2018 and 2023.
The market size of the Gold Ore Mining industry in Australia has been growing at a CAGR of 4.5 % between 2018 and 2023.
Over the next five years, the Gold Ore Mining industry in Australia is expected to decline.
The biggest companies operating in the Gold Ore Mining market in Australia are Newmont Australia, Northern Star Resources and Gold Fields
Gold concentrate and Gold dore bars are part of the Gold Ore Mining industry.
The company holding the most market share in Australia is Newmont Australia.
The level of competition is low and steady in the Gold Ore Mining industry in Australia.