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 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 1.9% 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 2.7%.
Gold production in Australia is estimated to increase at an annualised 2.5% in the five years through 2014-15... purchase to read more