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Gold Ore Mining in Australia Industry Data and Analysis
Australia's gold ore miners have performed well over the past few years thanks to skyrocketing gold prices, driven by growing consumer demand for gold to hedge against inflation, economic uncertainty and geopolitical unrest. More recently, the US's sweeping tariffs have escalated trade tensions, causing uncertainty to loom over global economic growth prospects. This trend has rattled investors' confidence in riskier assets, propelling demand for safe-haven assets like gold in a "flight-to-safety". While investors also view U.S. Treasury bonds as a risk-free asset, the country's involvement in trade tensions has diminished its status as a safe-haven asset, contributing to the capital inflows from U.S. Treasury bonds to gold and lifting the commodity's price. Central banks have also actively purchased gold to diversify their reserve assets and bolster financial stability, supporting demand. Notably, the People's Bank of China diversified its asset base by selling US treasuries and aggressively purchasing gold, further spurring demand. The gold price climb in 2024-25 continues to underpin miners' optimism. Even so, production volumes haven't reflected the hike in demand, largely because of supply chain disruptions, high operation costs and unfavourable weather events. Labour shortages and high input costs intermittently hampered mining operations. AISCs have also risen as producers battle supply chain disruptions, climbing energy prices and labour shortages, limiting miners' profitability gains. Still, the elevated gold prices have stimulated miners' profitability expansion. Overall, gold ore mining revenue is expected to have increased at an annualised 5.7% over the five years through 2024-25, to $37.9 billion. This trend includes a 25.9% surge in 2024-25 thanks to the high gold prices.
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What's included in this industry analysis
IBISWorld's research coverage on the Gold Ore Mining industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released June 2025.
About this industry
What's this industry report about?
The Gold Ore Mining industry in Australia operates under the ANZSIC industry code B0804. 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. Related terms covered in the Gold Ore Mining industry in Australia include open-cut mining, concentrate, dore bars and all-in sustaining cost (aisc).
What's included in this industry?
Products and services covered in Gold Ore Mining industry in Australia include Gold dore bars, Gold concentrate and Co-product gold concentrate.
What companies are included in this industry?
Companies covered in the Gold Ore Mining industry in Australia include Northern Star Resources, Newmont Australia and Gold Fields.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Gold Ore Mining industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Gold Ore Mining industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Gold Ore Mining industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Gold Ore Mining industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Gold Ore Mining industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Gold Ore Mining industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Gold Ore Mining industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Gold Ore Mining industry in Australia.
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Frequently Asked Questions
What is the market size of the Gold Ore Mining industry in Australia in 2026?
The market size of the Gold Ore Mining industry in Australia is $37.9bn in 2026.
How many businesses are there in the Gold Ore Mining industry in Australia in 2025?
There are 169 businesses in the Gold Ore Mining industry in Australia, which has grown at a CAGR of 2.3 % between 2020 and 2025.
How may import tariffs affect the Gold Ore Mining industry in Australia?
The Gold Ore Mining industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Gold Ore Mining industry in Australia?
The Gold Ore Mining industry in Australia is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Gold Ore Mining industry in Australia grown or declined over the past 5 years?
The market size of the Gold Ore Mining industry in Australia has been growing at a CAGR of 5.7 % between 2020 and 2025.
What is the forecast growth of the Gold Ore Mining industry in Australia over the next 5 years?
Over the next five years, the Gold Ore Mining industry in Australia is expected to grow.
What are the biggest companies in the Gold Ore Mining industry in Australia?
The biggest companies operating in the Gold Ore Mining industry in Australia are Northern Star Resources, Newmont Australia and Gold Fields
What does the Gold Ore Mining industry in Australia include?
Gold concentrate and Gold dore bars are part of the Gold Ore Mining industry in Australia.
Which companies have the highest market share in the Gold Ore Mining industry in Australia?
The company holding the most market share in the Gold Ore Mining industry in Australia is Northern Star Resources.
How competitive is the Gold Ore Mining industry in Australia?
The level of competition is low and steady in the Gold Ore Mining industry in Australia.
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