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 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 industry's decline. 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 SWOT Analysis Chapter
The Gold Ore Mining industry is in a mature phase of its life cycle. This is indicated by higher production volumes, an easing in gold prices and small increases in the number of mining companies operating in the industry. Over the 10 years through 2019-20, industry value added, which is the industry's contribution to national GDP, is estimated to increase at an annualised 0.4% due to wages growth, increased capital investment, and higher production costs, as well as steady average revenue growth. This growth rate is lower than Australia's expected GDP growth over the same period of 2.6%.
Gold production in Australia is expected to increase at an annualised 0.6% in the five years through 2015-16... purchase to read more