The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rise in demand for gold jewellery is likely to spur innovation in gold ore production, propelling the market throughout the forecast period.

The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The global gold ore market size is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.

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 Global Gold Ore Market Segments Include:

• By Mining: Placer Mining, Hardrock Mining, Other Minings
• By Application: Cupellation Method Refining, Inquartation Method Refining, Miller Chlorination Process Refining, Wohlwill Electrolytic Process Refining, Aqua Regia Process Refining
• By End-User: Investment, Jewelry, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global gold ore market in 2021.

Major Market Players in the gold ore market include Barrick Gold Corporation, Newmont Mining Corporation, AngloGold Ashanti Limited, Kinross Gold Corporation, Newcrest Mining Limited, Gold Fields Limited, Polyus Gold International Limited.

Technological developments are a major trend that is gaining traction in the gold ore industry. Companies in the gold ore market are embracing new technology in order to maintain their market position. For example, in October 2022, RG Gold, a gold mining company based in Kazakhstan, will open a processing plant. The factory is planned and built in line with all international safety and environmental regulations. CIP (carbon in pulp) technology is used in the new gold processing plant. Carbon in pulp (CIP) technology is a method of extracting gold from ore that use activated carbon. Its yearly processing capacity is estimated to be 5 million metric tonnes of gold-containing ore.

The Gold Ore Global Market Report 2023  provides a gold ore market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The gold ore market forecast analyzes gold ore market size, gold ore market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Gold ore is a type of rock that contains enough gold minerals or particles to allow mining and extracting the gold commercially viable.

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