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 Locations Chapter
The geographic spread of revenue in the Gold Ore Mining industry reflects the location of the mineral resource. The largest and lowest cost resources are typically exploited first, with the great bulk of Australia's gold production coming from mines in Western Australia. In 2015-16, almost 70.0% of industry revenue is derived from mines in the state, which is generated from just over half of the industry's gold mining establishments.
New South Wales, South Australia and Queensland are the other major gold producers. There has been some variation in these shares during the past five years, with Western Australia rising in importance due to lower production levels elsewhere... purchase to read more