Industry Analysis & Industry Trends
Gold ore mining is an industry well established in Australia, and has undergone a strong period of growth over much of the past decade. 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 massive boost for the industry. In the five years through 2014-15, industry revenue is expected to increase at an annualised 3.4%.
As the value of global financial assets and currencies tumbled in the wake of 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 53.6% of industry revenue in 2014-15. The eight largest companies in the industry are estimated to make up for 69.0% 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.
Industry concentration has increased in the past five years, with the four largest firms accounting for almost half of industry revenue in 2009-10. This reflects the takeover and merger activity played out on the global stage as firms have sought economies of scale to minimise mining costs per gold ounce... purchase to read more