Industry Analysis & Industry Trends
The Gold Ore Mining industry has performed moderately well over the five years through 2016-17, greatly influenced by global economic conditions. Gold ore mining is a well-established industry in Australia and it has undergone growth over much of the past decade. This growth has stemmed from price increases and 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 global financial crisis and the recessionary environment that ensued provided a boost for the industry.
As the value of global financial assets and currencies plummeted due to the global financial crisis, investors across the world turned to gold as a safe monetary asset... 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 45.8% of industry revenue in 2016-17. However, the industry is also includes many small gold mining companies. Firms that discover and begin to develop promising ore bodies are typically 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 previously accounting for over 60% of industry revenue in 2011-12. This is mainly due to Barrick Gold Corporation and other large companies divesting Australian gold mining assets... purchase to read more