Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Gold Ore Industry Report 2026: A $23.3 Billion Market by 2030 Driven by Automation, High-Recovery Extraction, and Sustainable Practices - Global Long-term Forecast to 2035

globenewswire.com
NEM The article highlights Newmont's acquisition of Newcrest Mining for $17 billion, aimed at expanding production capacity and strengthening its portfolio. This strategic move, coupled with the overall positive outlook for the gold ore market, suggests a bullish sentiment for Newmont. GOLD Barrick Gold Corporation is mentioned as a significant player in the gold ore market. While the article presents a generally positive outlook for the market, there is no specific news or analysis directly impacting Barrick's sentiment. KGC Kinross Gold Corporation is listed as a significant player in the gold ore market. The article's overall positive market outlook does not provide specific details to assign a strong sentiment to Kinross.

Gold Ore Industry Report 2026: A $23.3 Billion Market by 2030 Driven by Automation, High-Recovery Extraction, and Sustainable Practices - Global Long-term Forecast to 2035 Dublin, April 16, 2026 (GLOBE NEWSWIRE) -- The "Gold Ore Market Report 2026" has been added to ResearchAndMarkets.com's offering.

The global gold ore market has seen significant growth and is projected to expand further in the coming years. From 2025 to 2026, the market is expected to increase from $14.75 billion to $16.01 billion, at an impressive compound annual growth rate (CAGR) of 8.5%. This expansion is fueled by rising global gold demand, advancements in mining and refining technologies, the expansion of underground mining operations, and a surge in investment demand for gold. The artisanal mining sector has also contributed to this upward trend. The future outlook remains positive, with the market anticipated to reach $23.3 billion by 2030, growing at a CAGR of 9.8%.

Key factors driving this growth include exploration of untapped reserves, sustainable mining technologies, increased demand for gold in electronics, and a focus on investment hedging. Furthermore, regulatory oversight of mining operations is intensifying. Trends such as automated gold mining techniques, high-recovery extraction methods, environmentally controlled mining practices, and expansion of hardrock mining operations emphasize resource efficiency.

The surge in demand for gold jewelry remains a significant growth driver. In 2023, the World Gold Council reported strong global gold jewelry demand, with consumption hitting 2,093 tonnes. Total global gold demand, including significant over-the-counter and stock flows, reached a record 4,899 tonnes that year. This growing jewelry demand significantly boosts the gold ore market.

Companies in the sector are increasingly adopting innovative solutions like autonomous mining and ore-handling technologies. These solutions aim to enhance operational efficiency, worker safety, and reduce production costs in light of declining ore grades and more stringent regulations. The deployment of the FrontRunner Autonomous Haulage System (AHS) by Nevada Gold Mines in collaboration with Komatsu Ltd. exemplifies this trend. This system optimizes ore transport through autonomous haul trucks, enhancing safety, productivity, and sustainability.

In a major industry move, Newmont Corporation acquired Newcrest Mining Limited for approximately $17 billion in November 2023. This strategic acquisition is aimed at expanding Newmont's gold ore production capacity and strengthening its portfolio of top-tier gold assets.

Significant players in the gold ore market include Barrick Gold Corporation, Newmont Mining Corporation, AngloGold Ashanti Limited, Kinross Gold Corporation, and Newcrest Mining Limited, among others. The Asia-Pacific region emerged as the largest in the gold ore market in 2025, with key countries like Australia, China, India, and the USA playing pivotal roles.

The gold ore market encompasses revenues derived from services such as exploration, mining, processing, and other key mining operations. Value is attributed to goods and services traded between entities or sold to end consumers within the market framework.

Key Attributes:

Major Trends

Report Scope

Markets Covered:

Subsegments:

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

Companies Featured

For more information about this report visit https://www.researchandmarkets.com/r/jr92gb

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment