Industry Analysis & Industry Trends
Gold ore mining is a well-established industry in Australia, and has undergone a period of growth over much of the past decade. In addition to price increases, this growth has stemmed from gold's status as a counter-cyclical commodity, meaning that it is viewed as a safe haven asset during times of national and global economic uncertainty. As a result, the onset of the global financial crisis and the recessionary environment that ensued provided a boost for the industry. Although world gold prices declined significantly in 2012-13 and 2013-14, the weak Australian dollar limited the declines for the industry. As gold is traded in US dollars, the low dollar also benefited the industry in 2014-15 and will contribute to price increases in Australian dollars in 2015-16... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Gold Ore Mining industry has a medium concentration level with the four largest companies estimated to account for 44.7% of industry revenue in 2015-16. The eight largest companies in the industry are estimated to make up for 60.6% of industry revenue for the year. However, the industry is also characterised by a substantial number of small gold mining companies. Typically, firms that discover and begin to develop promising ore bodies are acquired by larger players, with ownership changes and restructuring being common across the industry over the past five years.
Industry concentration has decreased in the past five years, with the four largest firms accounting for over half of industry revenue in 2010-11... purchase to read more